ICICI Direct vs Lemonn – Compare Charges, Trading Features, Offers & more

Find a Comparison of ICICI Direct vs Lemonn here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of ICICI Direct and Lemonn.

Background

Year of Incorporation 2000 2020
Website https://www.icicidirect.com/ https://lemonn.co.in/
Phone 022 3355 1122 +918035769929
Exchanges enabled NSE & BSE BSE, NSE
Demat (NSDL/CDSL) NSDL & CDSL CDSL
Brokerage

Equity 0.05% Equity Intraday Free for 1 Month afterwards 0.5% on Intraday
Equity Futures 0.05% or Rs 50 per Trade Zero
Equity Options 0.05% or Rs 50 per Trade Zero
Currency Futures Rs 20 per executed order Zero
Currency Options Rs 20 per executed order Zero
Commodity Rs 20 per executed order Zero
Account Opening Costs

Trading only Free Free
Trading & Demat Rs 975 for 3 in 1 Account Free
Commodity Rs 0 Free
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% of Turnover Zero
Futures 0.0019% of Turnover Zero
Options 0.05% of Turnover Zero
Commodities 0.05% of Turnover Zero
AMC charge Rs 700 per Year Zero
DP Transaction Charge Rs 25/Transaction or 0.05% whichever higher Rs 10 per transaction
Offline order placing Charge 0 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 20 Days 7 Days
End of Day 10 years 5 Years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 1x on Delivery & Upto 5x on Intraday 1x on Delivery & upto 2x on Intraday
Equity Futures Upto 4x 2x for intraday
Equity Options Not for buying but upto 2x for shorting Upto 2x for Intraday
Currency Futures 1x 2x for intraday
Currency Options 1x 1x
Commodity 1x 1x
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 77.1 Crores Not Available
Profit after Tax FY12/13 Rs 68.2 Crores Not Available
Profit after Tax FY13/14 Rs 74.9 Crores Not Available
Profit after Tax FY 14/15 Rs 79.52 Crores Not Available
Profit after Tax FY 15/16 Rs 96.88 Crores Not Available
Profit after Tax FY 16/17 Rs 132.64 Crores Not Available
Profit after Tax FY 17/18 Rs 100.80 Crores Not Available
Profit after Tax FY 18/19 Rs 134.63 Crores Not Available
Profit after Tax FY 19/20 Rs 123.16 Crores Rs 38 Lakhs
Profit after Tax FY 20/21 Rs 85.59 Crores Rs 55 Lakhs
Profit after Tax FY 21/22 Rs 105.82 Crores Rs 70 Lakhs
Profit after Tax FY 22/23 Rs 115.43 Crores Rs 93 Lakhs
Debt FY11/12 Rs 209 Crores Not Available
Debt FY12/13 Rs 219 Crores Not Available
Debt FY13/14 Rs 317 Crores Not Available
Debt FY14/15 Rs 350.83 Crores Not Available
Debt FY15/16 Rs 462.09 Crores Not Available
Debt FY16/17 Rs 335.99 Crores Not Available
Debt FY17/18 Rs 555.66 Crores Not Available
Debt FY18/19 Rs 559.36 Crores Not Available
Debt FY19/20 Rs 389.28 Crores Rs 28.64 Lakhs
Debt FY20/21 Rs 536.48 Crores Rs 31.35 Lakhs
Debt FY21/22 Rs 598.99 Crores Rs 33.41 Lakhs
Debt FY22/23 Rs 582.15 Crores Rs 36.58 Lakhs
Profit to Equity(%) FY11/12 32% Not Available
Profit to Equity(%) FY12/13 21% Not Available
Profit to Equity(%) FY13/14 27.07% Not Available
Profit to Equity(%) FY14/15 29.22% Not Available
Profit to Equity(%) FY15/16 30.63% Not Available
Profit to Equity(%) FY16/17 32.89% Not Available
Profit to Equity(%) FY17/18 41.55% Not Available
Profit to Equity(%) FY18/19 40.19% Not Available
Profit to Equity(%) FY19/20 26.41% 18.09%
Profit to Equity(%) FY20/21 33.02% 16.34%
Profit to Equity(%) FY21/22 41.00% 20.34%
Profit to Equity(%) FY22/23 43.78% 18.14%
Balance Sheet Size FY11/12 Rs 908 Crores Not Available
Balance Sheet Size FY12/13 Rs 948 Crores Not Available
Balance Sheet Size FY13/14 Rs 1620 Crores Not Available
Balance Sheet Size FY14/15 Rs 1857.26 Crores Not Available
Balance Sheet Size FY15/16 Rs 1903.86 Crores Not Available
Balance Sheet Size FY16/17 Rs 1983.64 Crores Not Available
Balance Sheet Size FY17/18 Rs 2222.18 Crores Not Available
Balance Sheet Size FY18/19 Rs 2350.41 Crores Not Available
Balance Sheet Size FY19/20 Rs 2470.58 Crores Rs 45 Crores
Balance Sheet Size FY20/21 Rs 2747.85 Crores Rs 57.34 Crores
Balance Sheet Size FY21/22 Rs 2921.25 Crores Rs 63.11 Crores
Balance Sheet Size FY22/23 Rs 3061.50 Crores Rs 77.28 Crores

Comparison Link:

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Frequently Asked Questions

Is ICICI Direct better than Lemonn ?

ICICI Direct and Lemonn are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Lemonn better than ICICI Direct ?

ICICI Direct and Lemonn are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is ICICI Direct cheaper than Lemonn ?

ICICI Direct and Lemonn are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Lemonn cheaper than ICICI Direct ?

ICICI Direct and Lemonn are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better ICICI Direct vs. Lemonn ?

To find out the better of the two stockbrokers ICICI Direct and Lemonn, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.