In this page, I am providing side by side comparison of ICICI Direct Vs Edelweiss.
ICICI Direct is a brokerage arm of ICICI bank and hence provide 3-in-1 demat account. It enables seamless transfer of funds within the accounts. Brokerage of this broker is on higher side.
Whereas Edelweiss is a full service broker and provides many services to its clients. Both of these brokers offer research and recommendation to their customers.
But still there are lot of differences between these two brokers.
I have equated both these brokers based on Company overview, Account related charges, Brokerage Charges, Transaction charges, Exposure provided, other features, Investment services, Customer service , Research/recommendations and promotion offer on account opening if any.
However, if you already have account with any of these brokers, kindly share your experience with me and fellow readers through comments.
Here is the comparison of ICICI Direct Vs Edelweiss:
Parameters | Edelweiss | ICICI Direct |
Review | ||
Type of Broker |
Full Service Broker |
Full Service Broker |
Incorporation Year | 2002 | 2000 |
Supported Exchanges | NSE, BSE, MCX-SX , MCX and MSEI | NSE & BSE |
Account Related Charges |
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Trading Account Opening Fees | Rs 1000 | Rs 0 |
Trading Account AMC | Rs 0 | Rs 0 |
Demat Account Opening Fees | Rs 0 | Rs 975 |
Demat Account AMC | Rs 500 (Free for first Year) | Rs 600 |
Brokerage Charges |
||
Equity Delivery Brokerage | 0.45% | 0.55% |
Equity Intraday Brokerage | 0.06% | 0.275% |
Equity Futures Brokerage | 0.06% | 0.03% to 0.05% |
Equity Options Brokerage | Rs 150/lot | Rs 35/lot to Rs 95/lot |
Currency Futures Trading Brokerage | 0.05% | 0.03% to 0,05% |
Currency Options Trading Brokerage | Rs 50/lot | Rs 10/lot to Rs 25/lot |
Commodity Trading Brokerage | NA | NA |
Minimum Brokerage Charges | 3 paisa per share | Rs 35 per trade |
Monthly Unlimited Plans | ||
Brokerage Calculator | Edelweiss Brokerage Calculator | ICICI Direct Calculator |
Transaction Charges |
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Equity Delivery | 0.00325% | 0.0031% |
Equity Intraday | 0.00325% | 0.0031% |
Equity Futures | 0.0019% | 0.00180% |
Equity Options | 0.050% (On Premium) | 0.050% (On Premium) |
Currency Futures | 0.00115% | 0.00120% |
Currency Options | 0.040% (On Premium) | 0.050% (On Premium) |
Commodity | NA | NA |
Exposure |
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Equity | Upto 20 times Intraday and 4 times for Delivery | Upto 25 times Intraday and 5 times Delivery |
Equity Futures | 3 times for Intraday | Upto 4 times Intraday |
Equity Options | No leverage for Buying and upto 3 times for shorting | Upto 4 times Intraday |
Currency Futures | Upto 2 times intraday | Upto 4 times Intraday |
Currency Options | No leverage for Buying and upto 3 times for shorting | Upto 4 times Intraday |
Commodities | NA | NA |
Features |
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3 in 1 Account | ||
Mobile Trading | ||
Charting | ||
Automated Trading | ||
After Trading Hour Orders | ||
SMS Alerts | ||
Margin Funding | ||
Trading Platform | Xtreme trader, Traders Lounge and Mobile Trader | ICICI Direct Trade Racer ( Desktop & Web), ICICI Direct Mobile App |
Investment Services |
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Stock / Equity | ||
Commodity | ||
Currency | ||
Initial Public Offers (IPO) | ||
Mutual Funds | ||
Customer Service Channels |
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24/7 Customer Service | ||
Email Support | ||
Onine Live Chat | ||
Phone Support | ||
Toll Free Number | ||
Support Through Branches | ||
Relationship Managers | ||
Research Reports/Tips/Recommendations |
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Daily Market Report | ||
Tips/Recommendations | ||
Quarterly Result Analysis | ||
News Alerts | ||
Robo Advisory | ||
Promotional Offers |
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And if you are interested in checking the details these two brokers with few more stock brokers, see the below tables.
Point By Point Comparison of ICICI Direct with other Brokers:
ICICI Direct in comparison with other Stock Brokers |
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Point By Point Comparison of Edelweiss with other Brokers:
Edelweiss in comparison with other Stock Brokers |
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Visit comparison of stock brokers in India page to compare two brokers side by side.