Broker Comparison
Compare brokerage charges, account fees, trading platforms, products, MTF, advantages and limitations before choosing a broker.
Data verified: 2026-08-03
Key charges and account features side by side.
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| Feature | ICICI Direct | SBI Securities |
|---|---|---|
| Broker type | Bank Broker | Bank Broker |
| Account opening | ₹0 | ₹0 |
| Annual maintenance | ₹700 per annum | ₹750 |
| Equity delivery | Around 0.29% of the trade value | 0.50% per trade. |
| Equity intraday | Around 0.027% to 0.029% or flat ₹20 per order if using specific prepaid plans like Prime/iValue. | 0.05% per trade. |
| Futures | Flat ₹20 per order (Standard Plan) | 0.05% per trade. |
| Options | Flat ₹20 per order (Standard Plan) | ₹100 per lot. |
| Commodity | ₹20 per order | 0.05% of turnover |
| Currency | ₹20 per order | 0.03% of total turnover value |
| DP charges | total ₹23.60 | 0.01% of the trade value (Minimum ₹21, Maximum ₹300) per debit transaction |
| Auto Square Off | ₹50 per order (plus GST) standard I-Value pla | ₹49 per executed order |
| Call & trade | ₹50 per executed order | ₹49 per executed order |
| Customer support | Official app/web help centre, ticket, email and/or phone support. | Official app/web help centre, ticket, email and/or phone support. |
| Active Users | 2.12 million active stock exchange clients as of June 2026 | NSE Active Clients: ~11.17 Lakh (1.11 million) active users |
ICICI Direct is a full-service stockbroker and investment platform operated by ICICI Securities Limited. It allows users to invest and trade across multiple financial products through its website and mobile app.
The platform offers equity, intraday trading, futures and options, commodities, mutual funds, IPOs, bonds, ETFs and other investment products. It also provides research reports, trading tools and market insights for investors and traders.
ICICI Direct is known for its 3-in-1 account facility, which connects a bank account, Demat account and trading account. This makes fund transfers, investing and portfolio management more convenient for ICICI Bank customers.
SBI Securities Limited is the stockbroking arm of the State Bank Group and a wholly owned subsidiary of SBI Capital Markets Limited. Founded in 2006, it operates as a full-service stock broker offering retail and institutional equity broking, derivatives trading, depository services, and third-party financial products.
Its online trading platform allows resident Indians and NRIs to invest in equities, derivatives, mutual funds, ETFs, IPOs, and NCDs. The company also offers access to selected lending products, including home loans, car loans, and loans against securities.
SBI Securities is registered with SEBI and acts as a Depository Participant with both NSDL and CDSL. It also provides online trading services for NRIs, although availability and account features may vary depending on the investor’s country of residence and applicable regulations.
Choose based on the segment you trade, total account cost, platform requirements, research needs and support preference. Verify the latest tariff and product availability on the brokers’ official websites before opening an account.
The ICICI Direct 3-in-1 account combines an ICICI Bank savings account, Demat account and trading account. It enables faster fund allocation and a more convenient investing experience.
Yes. ICICI Securities Limited is registered with SEBI under registration number INZ000183631.
ICICI Direct currently offers zero account-opening charges for its online 3-in-1 account. Demat AMC, brokerage and other transaction-related charges may still apply.
ICICI Direct brokerage depends on the selected pricing plan and trading segment. Its iVALUE plan offers ₹20-per-order brokerage for equity intraday, futures, options and commodity trades.
The regular Demat annual maintenance charge may be up to ₹700, while selected subscription plans may offer a reduced AMC.
ICICI Direct offers stocks, intraday trading, futures and options, commodities, mutual funds, IPOs, ETFs, bonds, fixed deposits and other investment products.
ICICI Direct can be suitable for beginners who prefer an integrated bank, Demat and trading account, research support and access to multiple products. However, its charges can be higher than those of some discount brokers.
An ICICI Bank savings account is required to receive the complete benefits of the ICICI Direct 3-in-1 account. The bank account allows direct fund allocation without manually transferring money to the trading account.
ICICI Direct is a full-service stockbroking and investment platform operated by ICICI Securities Limited. It offers online trading, investing, research reports and access to multiple financial products.
Online digital account opening is ₹0 (Free), though physical application routes may attract minor documentation or stamp fees
Yes, it links your SBI Savings Bank Account, Demat Account, and Trading Account for instant, paperless fund transfers.
Resident Indians require a PAN Card, Aadhaar Card (linked to a mobile number for OTP), a canceled cheque/bank proof, and a live photo via e-KYC.
The standard plan charges a percentage fee of 0.50% for Equity Delivery and 0.05% for Equity Intraday trading
The SBI Securities ProZero Plan is a discount tier providing lifetime ₹0 brokerage on Intraday trading across Equity and F&O segments.
Under flat-fee models like ProZero, overnight positional F&O trades are priced at a flat ₹20 per executed order.
The SBI Securities E-Margin Facility provides up to 4x buying leverage on over 700 selected stocks. You pay a 25% upfront margin, and SBI funds the remaining 75%
SBI Securities charges 0% interest for the first 23 trading days. From the 24th trading day onward, interest applies at 0.04% per day (~14.6% annually)
Yes, SBI Securities is a full-service stock broker offering equity trading, derivatives, mutual funds, IPOs, ETFs, NCDs, depository services, research support, and other investment products.
Yes, SBI Securities provides trading and investment services to NRIs. However, available products and account features may vary according to the investor’s country of residence and regulatory requirements.
