In this page, I am providing side by side comparison of ICICI Direct Vs Tradejni
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.
Tradejini falls in Discount Broker category. Hence they offer limited services but charges flat brokerage charges.
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 Tradejini:
Parameters | ICICI Direct | Tradejini |
Review | ||
Type of Broker |
Full Service Broker |
Discount Broker |
Incorporation Year | 2000 | 2012 |
Supported Exchanges | NSE & BSE | NSE, BSE,MCX and MCX-SX |
Account Related Charges |
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Trading Account Opening Fees | Rs 0 | Rs 0 |
Trading Account AMC | Rs 0 | Rs 0 |
Demat Account Opening Fees | Rs 975 | Rs 300 |
Demat Account AMC | Rs 600 | Rs 300 |
Brokerage Charges |
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Equity Delivery Brokerage | 0.55% | Rs 20 per executed order |
Equity Intraday Brokerage | 0.275% | Rs 20 per executed order |
Equity Futures Brokerage | 0.03% to 0.05% | Rs 20 per executed order |
Equity Options Brokerage | Rs 35/lot to Rs 95/lot | Rs 20 per executed order |
Currency Futures Trading Brokerage | 0.03% to 0,05% | Rs 20 per executed order |
Currency Options Trading Brokerage | Rs 10/lot to Rs 25/lot | Rs 20 per executed order |
Commodity Trading Brokerage | NA | Rs 20 per executed order |
Minimum Brokerage Charges | Rs 35 per trade | NIL |
Monthly Unlimited Plans | ||
Brokerage Calculator | ICICI Direct Calculator | Tradejini Brokerage Calculator |
Transaction Charges |
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Equity Delivery | 0.0031% | 0.00325% |
Equity Intraday | 0.0031% | 0.00325% |
Equity Futures | 0.00180% | 0.00200% |
Equity Options | 0.050% (On Premium) | 0.053% (On Premium) |
Currency Futures | 0.00120% | 0.00135% |
Currency Options | 0.050% (On Premium) | 0.044% (On Premium) |
Commodity | NA | 0.0036% for Non Agri & 0.00275% for Agri |
Exposure |
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Equity | Upto 25 times Intraday and 5 times Delivery | Upto 20 times Intraday and No leverage for Delivery |
Equity Futures | Upto 4 times Intraday | upto 5 times |
Equity Options | Upto 4 times Intraday | upto 2.5 times |
Currency Futures | Upto 4 times Intraday | NA |
Currency Options | Upto 4 times Intraday | NA |
Commodities | NA | Upto 3 times for Intraday |
Features |
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3 in 1 Account | ||
Mobile Trading | ||
Charting | ||
Automated Trading | ||
After Trading Hour Orders | ||
SMS Alerts | ||
Margin Funding | ||
Trading Platform | ICICI Direct Trade Racer ( Desktop & Web), ICICI Direct Mobile App | NEST, NSE NOW and NSE 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 Tradejini with other Brokers:
Tradejini in comparison with other Stock Brokers |
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