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HomeStock BrokerICICIdirect vs INDmoney

ICICIdirect vs INDmoney

Side-by-side view of features, pricing context, and platform fit.

ICICIdirect

ICICIdirect

Active Clients: 20,45,086

ICICIdirect is a prominent retail stock broker in India, operating as part of the ICICI Group, and provides online trading and investment services spanning equity, derivatives, IPO, mutual funds, fixed deposits, bonds...

INDmoney

INDmoney

Active Clients: 8,38,493

Established in 2019, INDmoney Private Limited is India's comprehensive financial management platform, enabling users to organize, plan, and increase their wealth in a single location. With INDmoney, users can monitor ...

Side-by-Side Compare Table

CategoryICICIdirectINDmoney
Basic Details
  • •Broker Type: Full-service broker (ICICI Group)
  • •Founded: 1995 (ICICIdirect platform legacy)
  • •Broker Type: Digital broker and finance super-app model
  • •Founded: 2019
Charges & AMC
  • •Account Opening: Rs 0 (as listed)
  • •Demat AMC: Rs 700 per annum (individual account)
  • •Account Opening: Rs 0
  • •Demat AMC: Rs 0 (lifetime in listed offer)
Brokerage
  • •Brokerage is plan based (Prime plans and MoneySaver).
  • •Prime plan examples range by subscription slab.
  • •Equity Delivery: 0.05% or Rs 20, whichever is lower
  • •Equity Intraday: 0.05% or Rs 20, whichever is lower (minimum Rs 2)
Other Charges
  • •Call and trade charges apply (listed as Rs 50 per order in extract).
  • •Demat debit and operational charges apply per schedule.
  • •Minimum brokerage floor in some segments (for example Rs 2).
  • •Pledge/unpledge fee per request applies.
Leverage (Margin)
  • •Intraday equity margin can go up to around 5x on eligible stocks.
  • •Delivery and carry-forward generally follow full margin norms.
  • •Margin wallet boost/MTF style offerings highlighted in source promotions.
  • •Exact leverage depends on product, eligibility, and risk policy.
Features
  • •Integrated 3-in-1 account (bank + trading + Demat).
  • •Strong brand trust and branch-assisted model.
  • •Unified money tracking plus investing app.
  • •Indian and US investing from one account ecosystem.
Trading Platforms
  • •ICICIdirect.com website
  • •ICICIdirect mobile app
  • •INDmoney app
  • •INDstocks app
Reviews & Ratings
  • •Viewed as feature-rich and trusted for integrated banking workflow.
  • •In this source extract, no final single overall numeric rating table is shown.
  • •Positioned as a fast-growing digital-first wealth app.
  • •In this extracted snapshot, no single consolidated numeric overall rating is listed.
Investment Options
  • •Equity and derivatives
  • •IPO, mutual funds, bonds, NCDs
  • •Indian stocks and ETFs
  • •US stocks and ETFs
Order Types Offered
  • •Standard market/limit execution flows
  • •VTC/GTC-style functionality referenced in source context
  • •Standard order workflows for delivery and intraday.
  • •Basket and options-chain based execution support in platform flow.
Suitable For (Investor Type)
  • •Investors wanting 3-in-1 integration and branch support.
  • •Users preferring broader product coverage over pure discount pricing.
  • •Users seeking one app for India + US investing.
  • •Mobile-first investors who want finance tracking and execution together.
Pros and Cons
  • •Pros:
  • •Robust integrated banking-broking setup.
  • •Pros:
  • •Zero opening and AMC in listed offers.

Detailed Comparison

Basic Details

ICICIdirectINDmoney
  • •Broker Type: Full-service broker (ICICI Group)
  • •Founded: 1995 (ICICIdirect platform legacy)
  • •SEBI Registration: INZ000183631
  • •NSE Member Code: 07730
  • •Net Worth: Rs 4581.84 Cr
  • •Broker Type: Digital broker and finance super-app model
  • •Founded: 2019
  • •SEBI Registration: Investment advisor registration noted; broking through exchange memberships
  • •Exchanges Mentioned: NSE, BSE, BSE Star MF membership context
  • •Product Focus: Indian + US market access from one app

Charges & AMC

ICICIdirectINDmoney
  • •Account Opening: Rs 0 (as listed)
  • •Demat AMC: Rs 700 per annum (individual account)
  • •Demat debit charge and call-and-trade charges apply
  • •Account Opening: Rs 0
  • •Demat AMC: Rs 0 (lifetime in listed offer)
  • •Account model: 2-in-1 (trading + Demat)

Brokerage

ICICIdirectINDmoney
  • •Brokerage is plan based (Prime plans and MoneySaver).
  • •Prime plan examples range by subscription slab.
  • •MoneySaver example: Delivery 0.29%, Intraday/Futures 0.029%, Options Rs 49 per lot.
  • •Equity Delivery: 0.05% or Rs 20, whichever is lower
  • •Equity Intraday: 0.05% or Rs 20, whichever is lower (minimum Rs 2)
  • •Equity Futures: Rs 20 per order
  • •Equity Options: Rs 20 per order
  • •US Stocks (global access): 0.25% per transaction, max $25

Other Charges

ICICIdirectINDmoney
  • •Call and trade charges apply (listed as Rs 50 per order in extract).
  • •Demat debit and operational charges apply per schedule.
  • •Standard statutory charges apply separately.
  • •Minimum brokerage floor in some segments (for example Rs 2).
  • •Pledge/unpledge fee per request applies.
  • •Statutory and exchange charges apply where relevant.

Leverage (Margin)

ICICIdirectINDmoney
  • •Intraday equity margin can go up to around 5x on eligible stocks.
  • •Delivery and carry-forward generally follow full margin norms.
  • •Margin wallet boost/MTF style offerings highlighted in source promotions.
  • •Exact leverage depends on product, eligibility, and risk policy.

Features

ICICIdirectINDmoney
  • •Integrated 3-in-1 account (bank + trading + Demat).
  • •Strong brand trust and branch-assisted model.
  • •Research and multi-product investing workflows.
  • •Unified money tracking plus investing app.
  • •Indian and US investing from one account ecosystem.
  • •Family finance tracking and planning support.
  • •Dedicated INDstocks app for active trading workflows.

Trading Platforms

ICICIdirectINDmoney
  • •ICICIdirect.com website
  • •ICICIdirect mobile app
  • •INDmoney app
  • •INDstocks app
  • •Web onboarding and account management flow

Reviews & Ratings

ICICIdirectINDmoney
  • •Viewed as feature-rich and trusted for integrated banking workflow.
  • •In this source extract, no final single overall numeric rating table is shown.
  • •Positioned as a fast-growing digital-first wealth app.
  • •In this extracted snapshot, no single consolidated numeric overall rating is listed.

Investment Options

ICICIdirectINDmoney
  • •Equity and derivatives
  • •IPO, mutual funds, bonds, NCDs
  • •Commodities
  • •Insurance and other wealth products
  • •Indian stocks and ETFs
  • •US stocks and ETFs
  • •Mutual funds
  • •IPO
  • •F&O (equity)
  • •NPS and fixed deposits

Order Types Offered

ICICIdirectINDmoney
  • •Standard market/limit execution flows
  • •VTC/GTC-style functionality referenced in source context
  • •Delivery, intraday, and derivatives order flows
  • •Standard order workflows for delivery and intraday.
  • •Basket and options-chain based execution support in platform flow.

Suitable For (Investor Type)

ICICIdirectINDmoney
  • •Investors wanting 3-in-1 integration and branch support.
  • •Users preferring broader product coverage over pure discount pricing.
  • •ICICI ecosystem customers who value seamless account linkage.
  • •Users seeking one app for India + US investing.
  • •Mobile-first investors who want finance tracking and execution together.
  • •Retail users looking for low entry-cost onboarding.

Pros and Cons

ICICIdirectINDmoney
  • •Pros:
  • •Robust integrated banking-broking setup.
  • •Broad product basket and research availability.
  • •Strong brand and support infrastructure.
  • •Cons:
  • •Brokerage can be high versus discount peers without optimized plan selection.
  • •Charges and plan structure can feel complex for new users.
  • •Pros:
  • •Zero opening and AMC in listed offers.
  • •Broad multi-asset coverage including US stocks.
  • •Strong app-led convenience features.
  • •Cons:
  • •No classic 3-in-1 bank integration model.
  • •Currency and commodity F&O availability is limited in the referenced snapshot.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.

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