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- ICICIDirect
- Sharekhan
- HDFC Sky
- Groww
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Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of ICICIDirect Max Rs. 20 per trade while the brokerage of HDFC Sky ranges between Rs 20. ICICIDirect is a Full Service Broker where HDFC Sky is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for ICICIDirect is 18,62,161 where number of active customer for HDFC Sky is 11,14,215. ICICIDirect is serving more customer compare to HDFC Sky.
Here we present side-by-side comparison of ICICIDirect vs HDFC Skyshare brokers in India. The comparison is based on more than 100+ attributes for clear decisionmaking. To be precise, we have compared ICICIDirect vs HDFC Sky's on brokerageplans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, MobileApp, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India.This will help you in make up your mind and clear things for you so that you can choose the best brokerfor youself. We also help our visitors with account opening.
Here we present side-by-side comparison of ICICIDirect vs HDFC Sky share brokers in India. The comparison is based on more than 100+ attributes for cleardecision making.
To be precise, we have compared ICICIDirect vs HDFC Sky's on
- Brokerage plans
- Plan types
- Customer Service
- Maintenance fees
- AMC
- Trading Platforms
- Rating
- Reviews
- Mobile App
- Margin/Leverage/Exposure
- Demat Account
- Investment Options
- And many more attributes
This will help you in make up your mind and clear things for you so that you can choose the best brokerfor yourself. We also help our visitors with account opening.
Compare ICICIDirect vs HDFC Sky on Service
ICICIDirect | HDFC Sky | |
|---|---|---|
| Overall Rating | ||
| Brokerage Charges | ||
| Trading Platform | ||
| Investments Offering | ||
| Customer Service | ||
| Broker Type | Full Service Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE, MCX |
| Active Clients | 18,62,161 | 11,14,215 |
| Broker Overview | ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec... | HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi... |
| Broker Enquiry |  | |
Account Opening Charges and AMC
Compare ICICIDirect vs HDFC Sky on Trading & Demat AccountOpening Charges
Comparison of ICICIDirect with HDFC Sky on trading & demat account opening chargesand AMC. Trading account opening charges - Both broker offers Free Trading account opening. DematAMC charges - ICICIDirect charges Rs 300 per annum AMC for Demat account where HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account.
| Charges | ICICIDirect | HDFC Sky |
|---|---|---|
| Trading Account Opening Fees | Free | Free |
| Trading AMC | Free | Free |
| Demat Account Opening Fees | Free | Free |
| Demat AMC | Rs 300 per annum | Rs 240 PA (Free for 1st year) |
| Provide DP Service |  | |
About Brokerage Plans
Compare ICICIDirect vs HDFC Sky on Plan Options
Plans are the most important feature you look when compare ICICIDirect withHDFC Sky. This section compare on high level about type of plans offered by brokers.Multiple Plans - ICICIDirect provide Multiple Plans where HDFC Sky doesn't offer. Monthly Plans -Both the brokers don't have Monthly Plans.
| Plan Types | ICICIDirect | HDFC Sky |
|---|---|---|
| Multiple Plans | |  |
| Monthly Plans | | |
| Yearly Plans | | |
Account Opening Request
Account Opening
| Zerodha | Zerodha | |
|---|---|---|
| Account Opening Request |
Brokerage Charges
Compare ICICIDirect vs HDFC Sky on Brokerage Charges
ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.
HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across segments.
| Brokerage Charges Compare | ICICIDirect | HDFC Sky |
|---|---|---|
| Plan Name | NEO Flat Discount Brokerage Plan | Fixed pricing model |
| Equity Delivery | 0.55% | 0.1% or Rs 20 whichever is lower |
| Equity Intraday | Flat Rs. 20 per order | 0.1% or Rs 20 whichever is lower |
| Equity Futures | Free (Rs. 0 brokerage) | 0.1% or Rs 20 whichever is lower |
| Equity Options | Flat Rs. 20 per order | Flat Fee Rs 20 |
| Currency Futures | Flat Rs. 20 per order | 0.1% or Rs 20 whichever is lower |
| Currency Options | Flat Rs. 20 per order | Flat Fee Rs 20 |
| Commodity Trading | Flat Rs. 20 per order | Flat Fee Rs 20 |
| Minimum Brokerage | Rs 35 per trade | NIL |
| Hidden Charges | Yes | No |
| Funding | Yes - 18% interest PA | Yes - 12% interest PA |
| Call & Trade Charges | First 20 call free and Rs 25 there onwards. | Rs 20 per call |
| Auto Square off Charges | First 20 call free and Rs 25 there onwards. | 0.1% or Rs 20 whichever is lower |
| Brokerage Calculator | Brokerage Calculatorfor ICICIDirect | Brokerage Calculatorfor HDFC Sky |
Share Broker's Transaction Charges
Compare ICICIDirect vs HDFC Sky on Transaction Charges
Compare ICICIDirect with HDFC Sky on transaction charges and PCM fee by segment.
| Transaction Charges Compare | ICICIDirect | HDFC Sky |
|---|---|---|
| Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Intraday | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Futures | NSE:200 Per Cr | BSE:FREE | NSE:200 Per Cr | BSE:FREE |
| Equity Options | NSE:5050 Per Cr | BSE:3700 Per Cr | NSE:5050 Per Cr | BSE:3700 Per Cr |
| Currency Futures | NSE:90 Per Cr | BSE:25 Per Cr | NSE:90 Per Cr | BSE:25 Per Cr |
| Currency Options | NSE:4000 Per Cr | BSE:100 Per Cr | NSE:4000 Per Cr | BSE:100 Per Cr |
| Commodity | NA | NA |
| Brokerage Charges | Complete Brokerage Plans foricicidirect | Complete Brokerage Plans forhdfc-sky |
Account Features
Compare ICICIDirect vs HDFC Sky on Account Features
Compare ICICIDirect with HDFC Sky on Account Features like 3-in-1 account, AlgoTrading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 3-in-1 account which includes bank, trading and demat account.Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.
| Account Features Compare | ICICIDirect | HDFC Sky |
|---|---|---|
| 3 in 1 Account | | |
| Charting | | |
| Algo Trading | | |
| SMS Alerts | | |
| Online Demo | | |
| Online Portfolio | | |
| Margin Trading Funding Available | | |
| Combined Ledger for Equity and Commodity | | |
| Intraday Square-off Time | 3:15PM | 3:15PM |
| NRI Trading | | |
| Other Features | NIL | NIL |
Trading Platform
Compare ICICIDirect vs HDFC Sky on Trading Platform
With our expert research team, we have compared all the major features of Trading platform b/wICICIDirect and HDFC Sky. This comparison covers Desktop Trading Platform, Web,Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo linksfor easy access.
| Trading Platform Compare | ICICIDirect | HDFC Sky |
|---|---|---|
| Desktop Trading Platform | Trade Racer | HDFC Sky |
| Desktop Demo | Desktop Demo | Desktop Demo |
| Desktop Platform (Windows) | | |
| Desktop Platform (Mac) | | |
| Web Trading Platform | | |
| Web Trading Detail | https://www.icicidirect.com | https://hdfcsky.com/ |
| Web Trading Demo | Web Trading Demo | Web Trading Demo |
| Mobile Site | | |
| Mobile Trading | | |
| Mobile Trading App | ICICI direct Mobile | HDFC Sky App |
| Mobile Trading App Demo | ICICI direct Mobile Demo | HDFC Sky App Demo |
| Android Mobile App | | |
| Android App Download | Andriod ICICI direct Mobile Download | Andriod HDFC Sky App Download |
| iPhone Mobile App (IOS) | | |
| iOS App Download | iOS ICICI direct Mobile Download | iOS HDFC Sky App Download |
| Android Tablet App | | |
| iPad App (IOS) | | |
| Trading Software Charges | Free | Free |
| Equity Brokerage Calculator | Equity Intradayand Delivery Brokerage Calculator for ICICIDirect | Equity Intraday andDelivery Brokerage Calculator for HDFC Sky |
| Futures Brokerage Calculator | FuturesBrokerage Calculator for ICICIDirect | Futures BrokerageCalculator for HDFC Sky |
| Options Brokerage Calculator | OptionsBrokerage Calculator for ICICIDirect | Options BrokerageCalculator for HDFC Sky |
| Detail | Detail on Trading Platforms foricicidirect | Detail on Trading Platforms forhdfc-sky |
Broker Ratings by Users
Compare ICICIDirect vs HDFC Sky on User Rating
| ICICIDirect | HDFC Sky | |
|---|---|---|
| 267 Customer Reviews | 97 Customer Reviews | |
| Fees Ratings | 2.4 | 2.4 |
| Trading Brokerage Rating | 1.8 | 2.1 |
| Trading Platform Usability | 3.3 | 2.9 |
| Customer Service Ratings | 2.9 | 2.8 |
| Overall Ratings | 2.5 | 2.4 |
| Broker Rating | ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews | HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews |
Investment Offerings
Compare ICICIDirect vs HDFC Sky on Investment Offerings
Compare ICICIDirect with HDFC Sky on Investment Offerings like Online IPOApplication, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT,Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE.Commodity Trading - HDFC Sky offers trading options in Commodity (MCX) where ICICIDirect doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - ICICIDirect provide PMS Service where HDFC Sky doesn't offer
| Investment Offerings Compare | ICICIDirect | HDFC Sky |
|---|---|---|
| Equity Cash and F&O | | |
| Currency Deravitives | | |
| Commodity | | |
| Online IPO Application | | |
| Mutual Funds | | |
| Bond / NCD | | |
| ETF | | |
| Banking | | |
| Insurance | | |
| Forex | | |
| MF SIP Investment | | |
| Equity SIP Investment | | |
| PMS Service | | |
| Other Investment Options | NIL | NIL |
Order Types
Compare ICICIDirect vs HDFC Sky on Order Types
Order Type - Compare ICICIDirect with HDFC Sky on offerings of order types. Allthe brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order typelike cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - HDFC Sky provides Bracket Orders (BO) where ICICIDirect doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses.After Market Orders (AMO)- ICICIDirect offers After Market Orders where HDFC Sky doesn't offers AMO. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.
| Order Type Compare | ICICIDirect | HDFC Sky |
|---|---|---|
| CNC order | | |
| MIS order | | |
| NRML order | | |
| Cover order | | |
| Bracket order | | |
| AMO-After Market Orders | | |
| GTC-Good Till Cancelled | | |
Customer Service Offered
Compare ICICIDirect vs HDFC Sky on Customer Service
Compare ICICIDirect with HDFC Sky on customer service offered by the broker. Thissection compares types of service offered by each broker for a quick resolution for query/issue youhave.
| Customer Service Compare | ICICIDirect | HDFC Sky |
|---|---|---|
| 24/7 Customer Service | | |
| Email Support | | |
| Onine Live Chat | | |
| Phone Support | | |
| Toll Free Number | | |
| Through Branches | | |
| Customer Care Number | 1860 123 1122 | 1800 121 2109 |
| Account Opening Process | Online | Online |
| Customer Support Email | [emailprotected] | [emailprotected] |
| Knowledge Center/Education | https://www.icicidirect.com/knowledge-center | https://hdfcsky.com/learn |
| Head Office Address | ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai - 400020 | LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA, 8 FLR, NEAR KANJURMARG RLYSTN, KANJURMARG, MUMBAI-MH-400042 |
| Website | https://www.icicidirect.com | https://hdfcsky.com/ |
Tips/Research/Reports Published
Compare ICICIDirect vs HDFC Sky on Research Reports, Tips
Compare ICICIDirect with HDFC Sky on research reports and tips provided by thebroker.
| ICICIDirect | HDFC Sky | |
|---|---|---|
| Research Mutual Funds | | |
| Research Equity Reports | | |
| Research ETF | | |
| Daily Market Report | | |
| Free Tips | | |
| Quarterly Result Analysis | | |
| News Alerts | | |
Demat Account
Compare ICICIDirect vs HDFC Sky on Demat Account
Compare ICICIDirect with HDFC Sky on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.
Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.
Demat AMC for HDFC Sky is ₹750 pa where for ICICIDirect is ₹700 pa.
Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.
Transaction charges on debit of ISIN for ICICIDirect is 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) where for HDFC Sky is 0.04% (Min ₹20) + CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.
This section covers about demat charges, demat service and other details
| ICICIDirect | HDFC Sky | |
|---|---|---|
| DP Source | CDSL | CDSL |
| DP ID | 14300 | CDSL: 1209 |
| Demat Account Annual Maintenance Charges(AMC) | ₹700 pa | ₹750 pa |
| Advance Deposit | Rs. 7500/- , If the client is not having ICICI BANK Account | Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- |
| Statutory charges | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) | 0.04% (Min ₹20) + CDSL charges |
| Demat | ₹50 per set up | ₹5 per certificate + ₹35 request charges |
| Remat | ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction | ₹30 |
| Pledge Creation | 0.02% (Min ₹35 and Max ₹25,000) | Nil |
| Pledge Creation Confirmation | 0.02% (Min ₹35 and Max ₹25,000) | 0.04% of transaction value (Min ₹40) |
| Pledge Closure | 0.02% (Min ₹35 and Max ₹25,000) | Nil |
| Pledge Closure Confirmation | 0.02% (Min ₹35 and Max ₹25,000) | 0.04% of transaction value (Min ₹40) |
| Pledge Invocation | 0.02% (Min ₹35 and Max ₹25,000) | 0.04% of transaction value (Min ₹40) |
| Failed Instruction Charges | ₹30 per transaction | Nil |
| Other Charges | Nil | Nil |
Special Offers,Advantages,Disadvantages
Compare ICICIDirect vs HDFC Sky on Special Offers and Promotion
Compare ICICIDirect with HDFC Sky on the general features, advantages,disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
| ICICIDirect | HDFC Sky | |
|---|---|---|
| Pay In and Pay Out Options | Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank. Pay-out/Fund Withdrawal - Bank Transfer only. | Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank. Pay-out/Fund Withdrawal - Bank Transfer only. |
| Payout Time | Instant to ICICI Bank. | Instant to HDFC Bank. |
| Bank Supported and Charges | Info Not Available | Info Not Available |
| Bank Detail | Direct from your ICICI bank account. | Direct from your HDFC bank account. |
| Likes |
Detail Review... | Want to know why to trade with HDFC Sky, here are the promising reasons;
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| Dislikes |
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| Special Offers/Promo | Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. | |
| Enquiry | Open Zerodha Account Now>> | Open Zerodha Account Now>> |
Last Updated on 2023-09-14T04:34:26+00:00
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