Best Demat Account In India 2021

There are a large number of  Demat Account Providers in India. As and when the thought of opening the Demat account comes to our mind, we get confused that with which company we should open the Demat account. 

This situation faces each and every individual on a preliminary basis as he does not know the complete portfolio of charges and services on the buys and sells of shares.

About 3 years, I had also passed with this type of situation and after a lengthy analysis about brokerages, services, and other features, opened the account with ZERODHA, however, your choices may be different. Moreover, I had no knowledge of stock investing at that time.

In this aritle titled Best Demat account India, I had prepared a list of the top 12 best Demat account in India with the lowest brokerages and other charges such as AMC(Annual Maintenance Charges).

Best Demat Account in India for the year 2021

Sr N.Best Demat A/c CompaniesDEMAT ACCOUNT OPENING CHARGESDEMAT AMCDP CHARGESTRADING ACCOUNT OPENING CHARGES
1.WISDOM CAPITALFREERs.0.00(ULTIMATE PLAN)Rs. 15FREE
2.ICICI DIRECTRs. 975(FREE FIRST YEAR)Rs. 5.50FREE
3.ANGEL BROKINGRs. 250Rs. 450Rs. 21FREE
4.KOTAK SECURITIESNILRs. 6000.04%Rs. 750
5.HDFC SECURITIESNILRs. 7500.04%Rs. 750
6.ZERODHARs. 100Rs. 300Rs. 13.5Rs. 200
7.SHAREKHANNILRs. 750Rs. 16NIL
8.UPSTOXRs. 150Rs. 150Rs. 15Rs. 150
9.5 PAISANILRs. 400Rs. 25Rs. 650

For the last 3-4 years, many companies have started offering Demat and trading services at flat rates by adding smart features – waiving off account opening fees for the first year including offering some other discounts on the investment amount.

For Example, if you buy stocks worth Rs.1.00 Lacs then you would have to pay approx.  Rs.300/-+ taxes to Edelweiss but if you invest this same amount to Zerodha, Upstox, and 5 Paisa then you have to pay zero charges + govt fees + taxes.

Each and every broker keeps some advantages and disadvantages. If the investor is conversant with the share market’s daily activities and knows very well in which stocks he should invest the money then he must go with a discounted broker, as discounted brokers always focus on improving their trading platform.

On the other hand, if the investor does not know in which stocks he should invest money then he may opt for full-service brokers, as full-service brokers focus on improving customer services and daily equity tips.

Here, I would like to share my experience that whether discount broking customer service may not be good but you can save a lot of money in brokerage charges.

#1. Zerodha Demat & Trading Account Analysis

best demat account in india

Zerodha is one of the best demat account opener in India. It is the largest and trusted discount broker with a user base of more than 32 Lakh. 

The main cause for Zerodha’s success is its customer support which is better than while comparing to all other discount brokers.

Zerodha charges are lower with a brokerage fee of 0.03% or Rs. 20 per executed order whichever is lower(for the intraday day only and Free Equity Delivery). Get a detailed comparison between Zerodha and Sharekhan now.

In this way, Investors can save up to 90% brokerage as compared to other full-service stockbrokers.

Moreover,  it is easy to trade on the Zerodha trading platforms for better technical analysis with Zerodha.

Account Opening Charges
  • Demat & trading account opening charges – Rs. 200
  • Commodity account opening charges – Rs. 100
  • Annual maintenance charges – Rs. 300 per year

Zerodha Brokerage Charges

  • Equity Delivery- zero brokerage
  • Equity Intraday- 0.03% or Rs 20 per executed order whichever is lower
  • Equity Futures- 0.03% or Rs 20 per executed order whichever is lower
  • Equity Options-  flat Rs 20 per executed order
Zerodha Trading Platforms
  • Zerodha Kite App  – Best complete trading solution for investors and traders online on Mobile/Laptop/Desktop.
  • Zerodha Coin – Zerodha Coin is India’s largest direct mutual fund platform that lets you buy direct mutual funds online with no commission passback, directly from asset management companies. Your mutual funds, stocks, currencies, bonds, and more, all in your Demat account.

Advantages of account opening with Zerodha

  • Equity delivery is free hence no brokerage on delivery.
  • No minimum cap of brokerage per transaction.
  • Maximum brokerage charge capped to Rs. 20  pertaining to the volume of transactions.

#2. Upstox Demat & Trading Account Analysis

upstox demat account

After Zerodha, Upstox is the 2nd best demat account opener in india with low brokerage charges, having advanced technology platforms, and high margins.

Upstox brokerage charges @ Rs.20 per trade for intraday with free stock delivery. You can save a good amount in brokerages in comparison to other full-service brokers. However, Upstox is the fastest & best online trading platform in India which is the main requirement for trading.

Account Opening Charges
  • Demat & trading account opening charges – Rs.299/-
  • Maintenance charges – Rs. 25/- Per Month + GST @18%

Upstox Brokerage Charges

  • Equity Delivery- zero brokerage
  • Equity Intraday- 0.05% or Rs 20 per executed order whichever is lower
  • Equity Futures- 0.05% or Rs 20 per executed order whichever is lower
  • Equity Options-  Flat Rs 20 per executed order
Upstox Trading Platforms
  1. There are basically two kinds of trading platforms. The old or traditional method of buying and selling products – what we call Floor Trading and the new technologically influenced method that the world uses electronic trading.
  2. Arguably the most convenient platform for trading is the method of e-Trading or online trading or electronic trading.
  3. A broker is simply a licensed person through whom you can buy and sell stocks. When you use an online platform, it essentially acts as an online broker.

Advantages of account opening with Upstox

  • No brokerage charges for delivery
  • Great trading platforms
  • Fix & low brokerage irrespective of trade volume

Disadvantages

  • You cannot make the investment to IPO and FPO

#3. Motilal Oswal Demat Account Analysis

Motilal Oswal Demat Account

Motilal Oswal stock brokerage house is old for more than 3 decades which was founded in the year 1987. The traders who trade through  Motilal Oswal Demat Account have always been satisfied with the quality of service provided by this stockbroker.  This stockbroker full-time service brokers and gives daily tips to their clients for buy and sell the stocks. However, this stockbroker is slightly costly but the services are excellent.

Account Opening Charges
  • Demat & trading account opening charges – 0
  • Margin Money – Min. Rs.10,000/-
  • Annual Maintenance charges – Free (Rs.400/-  from the 2nd year onward)

Motilal Oswal  Brokerage Charges

  • Equity Delivery- 0.50%
  • Equity Intraday- 0.50%
  • Equity Futures- 0.50%
  • Equity Options-  Rs.100/- Per lot
Motilal Oswal Trading Platforms

The trading platforms offered by Motilal Oswal include Orion Lite, MO Trader App. which is simple and mobile-friendly.

Advantages of account opening with Motilal Oswal 

  • Over 8.5 Lakh customers. One of the largest stockbrokers in India with PAN India coverage across 1,900+ locations in over 500 cities.
  • Provides daily, weekly, monthly, quarterly & yearly reports across asset classes. Advice across Equity, Derivatives, Commodity, Currency, and Mutual Funds.
  • Motilal Oswal offers customized brokerage schemes suited to your trading requirements. The cost depends on the scheme that you choose while opening your trading account.
  • Value pack brokerage plans are available for frequent traders.

Disadvantages

  • Margin Deposit Rs 10,000+ is required
  • In order to use our Online Trading Platform, you will be required to have a Demat account with Motilal Oswal. You cannot use your existing Demat account.

#4. Sharekhan Demat Account Analysis

Sharekhan Demat Account Analysis

Sharekhan is also old for more than 2 decades which was established in the year 2000 and now it is the 3rd largest stock brokerage house in the country. Get a detailed comparison between Zerodha and Sharekhan now.

The Sharekhan Demat Account offers a lot of facilities for the clients and the traders, in order to help them trade seamlessly.  This share broker has a vast network of more than 550 cities in India.

In this article, we will let you know about the various advantage and features of the Demat account offered by Sharekhan which is a full-service broker.

Account Opening Charges
  • Demat & trading account opening charges – 0
  • Margin Money – 0
  • Annual Maintenance charges – Free (Rs.400/-  from the 2nd year onward)

Share Khan  Brokerage Charges

  • Equity Delivery- 0.50%
  • Equity Intraday- 0.10%
  • Equity Futures- 0.10%
  • Equity Options-  Rs.50/- Per lot
Share Khan Platform

The trading platforms offered Sharekhan include TradeTiger, Sharekhan Mobile.

Advantages of account opening with Share Khan

  • It has a strong network of over 1950 branches across India.
  • The fund transfer from and to the trading account is free.
  • The share transfer from and to the DP account is free when trading from the Sharekhan trading account.
  • The ‘TradeTiger’ is the most popular trading terminal in India.
  • Brokerage Plan “Prepaid AMC schemes” are available for high-volume traders.
  • Stock SIP is available.
  • Loan against shares, margin funding, IPO financing, and ESOP funding are available.

Disadvantages

  • Sharekhan doesn’t offer 3-in-1 accounts as it doesn’t offer banking services.
  • Sharekhan brokerage is high in comparison to the discount brokers.
  • Sharekhan charges Rs 400 as AMC for a trading account.

#5. IIFL Demat Account Analysis

IIFL (India Infoline Group of Companies)is one of the most reputed financial organizations in the country since 1995.  It has won various awards for its services to clients and traders in the finance sector.

The Company has offices in Hong Kong, London, Dubai, and many other foreign countries and it provides a bunch of services in the financial sector.

Let’s have a detailed analysis of the India Infoline Demat Account, its opening process, charges & more.

Account Opening Charges
  • Demat & trading account opening charges – 0
  • Margin Money – Rs.10000/-
  • Annual Maintenance charges – Free (Rs.250/-  from the 2nd year onward)

IIFL Brokerage Charges

  • Equity Delivery- 0
  • Equity Intraday- Rs.20.00 per order
  • Equity Futures- Rs.20.00 per order
  • Equity Options- Rs.20.00 per order
IIFL Platform

IIFL Securities offers IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App trading software.

Advantages of account opening with IIFL

  • Full-service broker offering quality research and recommendations.
  • Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat).
  • Flat Rs 20 per trade brokerage for Intraday & F&O.
  • IIFL offers Equity SIP and Mutual Fund SIP.
  • Margin funding is available.
  • IIFL Securities is a publicly traded company listed at BSE and NSE.

Disadvantages

  • Call & Trade is charged at Rs 100 per call in addition to the brokerage. Any number of trades can be placed in one call.
  • Research and advisory are available at extra cost.
  • Higher exchange turnover charges in comparison to other popular discount stock brokers.
  • NRI Trading and Demat Account is not available.

#6. Angel Broking Demat Account Analysis

Angel Broking Demat Account

Angel Broking is one of the biggest stockbrokers in the country. This is a large-scale full-service broker whose brokerage charges are unbelievable. This is the best demat account opener in india.

In this article, we will let you know about various services provided by this brokerage firm when you open a Demat account with Angel Broking.

Account Opening Charges
  • Demat & trading account opening charges – 0
  • Margin Money – 0
  • Annual Maintenance charges – Free (Rs.450/-  from the 2nd year onward)

Angel Broking Brokerage Charges

  • Equity Delivery- Rs.20.00 per order(Delivery Trading Free)
  • Equity Intraday- Rs.20.00 per order
  • Equity Futures- Rs.20.00 per order
  • Equity Options- Rs.20.00 per order
Angel Broking Platform

Angel Broking offers Angel Broking App (Mobile), Angel Eye (Website), Angel Speedpro (Trading Terminal) trading software.

Advantages of account opening with Angel Broking

  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Pay flat Rs 20 per executed order across segments including Equity Intraday, F&O, Currency, and Commodity.
  • Allows trade in commodity exchanges, MCX and NCDEX
  • Easy-to-use online trading platforms
  • High-Quality Research Reports
  • Free trading software – mobile, website, and trading terminal.

Disadvantages

  • NO

#7.Wisdom Capital  Demat Account Analysis

Wisdom Capital Demat Account

Since 2013, Wisdom Capital is an online discount brokerage company, offering brokerage services for stocks, future, and options, currency, and commodities on NSE, BSE, MCX & NCDEX.

Wisdom Capital Group offers broker-assisted trade execution and automated online investing on all the stocks in BSE and NSE.

Let’s have a detailed analysis of the Wisdom Capital Demat Account, its opening process, charges & more.

Account Opening Charges
  • Demat & trading account opening charges – 0
  • Margin Money – 0
  • Annual Maintenance charges –Rs.999/- single time and  Life Time Free

Wisdom Capital Brokerage Charges

  • Equity Delivery- 0
  • Equity Intraday- Rs.20.00 per order
  • Equity Futures- Rs.20.00 per order
  • Equity Options- Rs.20.00 per order
Wisdom Capital Platform

Wisdom Capital offers NEST trading software which is best mobile-friendly and anyone can trade easily.

Advantages of account opening with Wisdom Capital

  • Trade all market segments i.e. NSE Cash, F&O, Currency, and MCX Commodities with the single trading terminal.
  • Monthly unlimited trading plans are available for trading at NSE, BSE, and MCX.
  • Trading Software’s including websites, mobile app, and installable trading terminals are available for free.
  • No minimum brokerage.
  • They allow trading Nifty with 3000, Crude with 3000 & Mega Gold with 9000 margins.
  • They offer semi & fully automated Algo trading.

Disadvantages

  • Wisdom Capital doesn’t offer a 3-in-1 account.
  • Wisdom Capital doesn’t offer facilities to invest in IPO, FPO, Mutual Funds, FDs, NCDs and Offer For Sale (OFS).
  • Algo trading is available with additional charges at Rs 550/pm for semi-automated trading.

#8. Religare Securities Demat Account Analysis

Religare Securities Demat Account Analysis

Religare Securities is a subsidiary company of  Religare Enterprises Limited. This stock broking company is older more than two decades.

The company has a vast spread network of over 500+ cities and servicing customers all over the country. Religare provides its services both ways online and offline. 

Let’s have a detailed analysis of the Religare Wisdom Capital Demat Account, its opening process, charges & more. You can go with this best demat account company in india.

Account Opening Charges
  • Demat & trading account opening charges – 0(for 30 days initially)
  • Annual Maintenance charges for digital –Zero (Presently)
  • Advance Deposit – Rs.500.00

Religare Securities Brokerage Charges

  • Equity Delivery- 0.01 paisa
  • Equity Intraday- 0
  • Equity Futures – 0.05 paisa
  • Equity Options- Rs.70.00 per lot
Religare Securities Platform

Religare Online-an an offer trading web-based interface that empowers exchanging and ventures over all advantage classes.  

Advantages of account opening with Religare

  • Offers margin against shares facility to trade on existing Demat holding.
  • Lifetime AMC free account is available for Rs 2500 onetime payment.
  • Offers research recommendations and powerful research tools.
  • The facility is available to fund your account by dropping the check in the branch.

Disadvantages

  • Call and Trade are charged at Rs 10 per executed order (maximum Rs 50 per day in a segment).

#9. 5Paisa Demat Account Analysis

5Paisa Demat Account Analysis

5paisa.com is one of the leading online stockbrokers which offers discount brokerage services to retail investors in India.  This stock broking company consists of over 1.2 million clients.

5paisa.com  offers online trading in equity, commodity, and currency at BSE, NSE, and MCX. It is a flat rate discount stockbroker. It charges a flat 20 Rs brokerage on any trades size.

Let’s have a detailed analysis of the 5 paisa.com, its opening process, charges & more.

Account Opening Charges
  • Demat & trading account opening charges – 0
  • Annual Maintenance charges – Rs.25.00 Per Month
  • Fund Transfer: Rs.10/- Net Banking and free in case of UPI & IMPS

5 Paisa.com Brokerage Charges

  • Basic Pack: Rs.20.00 Per Order
  • Ultra Trader Pack: Rs.10.00 Per Order
  • Power Investor Pack: Rs.10.00 Per Order
  • Equity Future: Rs.20.00 Per order
  • Equity Option : Rs.20.00 Per order
  • Commodity option : Rs.20.00 Per order
5 Paisa.com Platform
  1. 5paisa Mobile AppThe app is for trading on smartphones with easy access to markets and a great user experience.
  2. 5paisa Web Trading (5paisa.com)5Paisa is for the low volume traders. The web-based platform gives easy access to portfolio, positions, and holdings data.
  3. 5Paisa .EXE Trader Terminal –

    5paisa installable trading terminal is designed for frequent traders who need advanced trading tools. The desktop application offers real-time data, advanced charts for intraday, and historic stock prices.

    A variety of keyboard shortcuts are available to monitor the market on real-time basis and place orders faster.

Advantages of account opening with 5 paisa.com

  • Flat 20 Rs/order irrespective of the size of the trade, segment or exchange.
  • All in one account to invest in stocks, mutual funds, commodities, currency, research and advisory.
  • FREE and paperless account opening in 5 minutes.
  • Lowest DP Charges
  • Free Mutual Fund account
  • Multilingual trading app
  • Free trading platform including mobile app, website, and desktop trading terminal. No software charges.
  • Provide Stock Investment Ideas and Research tools
  • Algo trading and Robo Advisory services
  • Offers free technical, derivative, and fundamental research & advice to customers for an additional cost.
  • Technical calls on both Email and Mobile.
  • Promoted by the IIFL promoters. IIFL is a premier non-banking financial institution in India with experience of over 2 decades.

Disadvantages

  • Doesn’t offer a 3-in-1 account.
  • Very high demat debit transaction charges. They charge Rs 25 or 0.025% in the Optimum plan.
  • Higher exchange transaction charges in competition with other discount brokers.
  • Call & Trade is available at an additional cost of Rs 100 per call in the Optimum plan. The customer can place any number of trades in one call for Flat Rs 100 fee.
  • Research & advisory services are not available in the Optimum Plan.
  • 5Paisa doesn’t offer NRI Trading services.

#10. HDFC Securities Demat Account Analysis

5Paisa Demat Account Analysis

HDFC Securities is an Equity Trading Company of HDFC Bank. HDFC Securities offers both online and offline tradings. It provides tradings on the web as well as trading on Mobile Phones also. 

The HDFC trading account consists of a unique 3-in-1 feature that integrates your HDFC Securities trading account with your HDFC bank savings account and  Demat account.  

Funds/shares both are moved from the linked Demat/Bank account to execute the transactions. HDFC Securities is one of the best demat account companies in India.

Let’s have a detailed analysis of the HDFC Securities Demat Account, its opening process, charges & more.

Account Opening Charges
  • Demat account opening charges – 0
  • Trading account opening charges – Rs.999/- per annum
  • Annual Maintenance charges –  Rs.750- per annum

HDFC Securities Brokerage Charges

  • Equity Delivery- 0.50% 
  • Equity Intraday- 0.05% 
  • Equity Futures- 0.05% 
  • Equity Options- Rs.100.00 per lot OR 1% of the premium(whichever is higher)
HDFC Securities Platform

HDFC Securities offers ProTerminal, Blink, small case, Voice-Enabled Investing, Mobile Trading App, Digify trading software.

Advantages of account opening with HDFC Securities

The 3-in-1 account, which includes HDFC Bank Account, HDFC Securities Trading Account and HDFC Securities Demat Account, is the best offering for retail investors in India as it provides the easiest way to invest in the stock market and other financial instruments.

Disadvantages

  • In addition to opening a trading account with HDFC Securities Ltd, you will also be required to open a savings bank account (quarterly minimum balance of Rs 5000) and a DP (depository participant) account with HDFC Bank.
  • Very high brokerage charges
  • Charge minimum brokerage of Rs 25.00

#11. Edelwesis Demat Account Analysis

Edelweiss is a Stock Broking Company that was founded in 2008 is a full-service broker. The company is a part of Edelweiss Group, incorporated in 1995.

The Retail Broking business of Edelweiss offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities, and Futures & Options.

Edelweiss Group has a strong presence across India with over 475 offices in 200 locations. 

It has more than 12,000  employees catering to over 12 lakh clients across various businesses. Edelweiss has also won many awards for its great services and use of technology.

Let’s have a detailed analysis of the Edelweiss Demat Account, its opening process, charges & more.

Account Opening Charges
  • Demat account opening charges – 0
  • Trading account opening charges – 0
  • Annual Maintenance charges –  Rs.500- per annum(First Year free)

Edelweiss Brokerage Charges

  • Equity Delivery- Rs.10.00 Per executed order OR 0.30%
  • Equity Intraday- Rs.10.00 Per executed order OR 0.03%
  • Equity Futures- Rs.10.00 Per executed order OR 0.03%
  • Equity Options- Rs.10.00 Per executed order OR Rs.75.00 per lot
Edelweiss Platform

Edelweiss offers Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss Xpress trading software.

Advantages of account opening with Edelweiss

  1. Full-service broker offering discount brokerage plan.
  2. Trade at flat Rs 10 per executed order across all segments in Edelweiss Lite Plan.
  3. Instant online account opening: Open your Investing & Trading account in less than 15 minutes.
  4. Offer commodity trading on the same trading platform.
  5. Free research and trading tips call to all the customers.
  6. Online IPO application.

Disadvantages

  • The bracket orders are not available.
  • Good Till canceled orders are not available.
  • Higher minimum brokerage: 3 paise per share in delivery, 1 paisa per share on Intraday and Futures
  • Call & Trade is available at an additional cost of Rs 20 per call.

#12. ICICI Direct Demat Account Analysis

best demat account in india

ICICI Direct is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. 

The services offered include equity, commodity, and currency trading at BSE, NSE, and MCX. 

The company also offers Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc.

ICICI Direct’s most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI Trading Account, and ICICI Demat Account. 

ICICI Neo Plan is a flat rate brokerage plan. It offers brokerage-free equity futures trading. It charges flat Rs 20 per executed order brokerage for Intra-day and options trading and 0.55% brokerage for equity delivery. 

This plan offers access to trading tips and research, 30 minutes payout when selling shares, and margin funding at a low-interest rate.

Let’s have a detailed analysis of the Edelweiss Demat Account, its opening process, charges & more. Ic

Account Opening Charges
  • Demat account opening charges – 0
  • Trading account opening charges – 0
  • Annual Maintenance charges –  Rs.300- per annum(First Year free)

ICICI Brokerage Charges

  • Equity Delivery- Rs.0.55%
  • Equity Intraday- Rs.20.00 Per executed order.
  • Equity Futures- 0
  • Equity Options- Rs.20.00 Per executed order.
ICICI Platform
  1. ICICIDirect.com Website

    ICICI Direct website is the most used online investment and trading website in India for over 2 decades. ICICI Direct website offers online trading and demat accounts, IPO, SIPs, mutual funds, insurance, and many other products. The website also offers research and recommendations.

  2. Trade Racer (Trading Terminal)

    Trade Racer, the installable trading terminal designed for frequent traders. This desktop online trading software is loaded with a number of tools for high-speed volume trading. The Trade Racer terminal is offered for free to all its customers.

  3. ICICI Direct Mobile App

    ICICIdirect Mobile App enables you to trade and invest on the go. Downloadable for both Android and iOS, the ICICIdirect Mobile app provides all products and services available on ICICIdirect.com along with features like real-time price alerts, research notifications, and customized alerts on Portfolio stocks. This is one of the best Demat account openers in India.

Advantages of account opening with ICICI

  1. 3-in-1 account integrates your banking, broking, and Demat accounts. All accounts are from ICICI and are very well integrated. This feature makes ICICI the most interesting player in the online trading facility. There is absolutely no manual interference require. This is truly an online trading environment.
  2. Unlike most of the online trading companies in India which require transferring money to the broker’s pool or towards deposits, at ICICIDirect you can manage your own demat and bank accounts through ICICIdirect.com. Money from selling stock is available in the ICICI bank account as soon as the ICICIDirect receives it.
  3. Investment online in IPOs, Mutual Funds, GOI Bonds, and Postal Savings Schemes all from one website. General Insurance is also available from ICICI Lombard.
  4. Trading is available in both BSE and NSE.
  5. Low bandwidth website is available for slow internet connection or for trading from mobile devices. This is one of the best Demat account opener in India.
  6. Through VTC Feature (Valid Till Cancelled), customers can place buy or sell limit orders which will remain valid for 45 days.

Disadvantages

  • ICICIDirect brokerage is high and not negotiable. The brokerage can be brought down by subscribing to ICICIdirect Prime or prepaid brokerage plans.
  • ICICI minimum brokerage charge as per the standard I-Secure Plan is Rs 35 per trade which is very high for traders who does small trades.
  • ICICI charges flat Rs 0.05 per share brokerage on stocks quoting up to Rs 10. This makes it very difficult to trade in penny stocks.
  • ICICI Direct charges Rs 25 per call for call & trade after the first 20 free calls in a month.

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