ICICI Direct vs Shoonya by Finvasia – Compare Charges, Trading Features, Offers & more

Find a Comparison of ICICI Direct vs Shoonya by Finvasia 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 Shoonya by Finvasia.

Background

Year of Incorporation 2000 2020
Website https://www.icicidirect.com/ https://shoonya.com/
Phone 022 3355 1122 +91-172-474-0000
Exchanges enabled NSE & BSE BSE, NSE, NCDEX, MCX
Demat (NSDL/CDSL) NSDL & CDSL CDSL
Brokerage

Equity 0.05% Equity Intraday 0
Equity Futures 0.05% or Rs 50 per Trade 0
Equity Options 0.05% or Rs 50 per Trade 0
Currency Futures Rs 20 per executed order 0
Currency Options Rs 20 per executed order 0
Commodity Rs 20 per executed order 0
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 0
Futures 0.0019% of Turnover 0
Options 0.05% of Turnover 0
Commodities 0.05% of Turnover 0
AMC charge Rs 700 per Year 0
DP Transaction Charge Rs 25/Transaction or 0.05% whichever higher Rs 9 + GST
Offline order placing Charge 0 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 20 Days Yes
End of Day 10 years Yes
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 1x on Delivery & Upto 5x on Intraday Upto 1x on Delivery & Upto 2x on Intraday
Equity Futures Upto 4x Upto 1x
Equity Options Not for buying but upto 2x for shorting Upto 1.5x
Currency Futures 1x Upto 1.2x
Currency Options 1x Upto 1.5x
Commodity 1x Upto 1.5x
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 0
Profit after Tax FY12/13 Rs 68.2 Crores 0
Profit after Tax FY13/14 Rs 74.9 Crores 0
Profit after Tax FY 14/15 Rs 79.52 Crores 0
Profit after Tax FY 15/16 Rs 96.88 Crores 0
Profit after Tax FY 16/17 Rs 132.64 Crores 0
Profit after Tax FY 17/18 Rs 100.80 Crores 0
Profit after Tax FY 18/19 Rs 134.63 Crores 0
Profit after Tax FY 19/20 Rs 123.16 Crores Rs 140 Crores
Profit after Tax FY 20/21 Rs 85.59 Crores Rs 225.12 Crores
Profit after Tax FY 21/22 Rs 105.82 Crores Rs 248.93 Crores
Profit after Tax FY 22/23 Rs 115.43 Crores Rs 451.24 Crores
Debt FY11/12 Rs 209 Crores 0
Debt FY12/13 Rs 219 Crores 0
Debt FY13/14 Rs 317 Crores 0
Debt FY14/15 Rs 350.83 Crores 0
Debt FY15/16 Rs 462.09 Crores 0
Debt FY16/17 Rs 335.99 Crores 0
Debt FY17/18 Rs 555.66 Crores 0
Debt FY18/19 Rs 559.36 Crores 0
Debt FY19/20 Rs 389.28 Crores Rs 5.31 Crores
Debt FY20/21 Rs 536.48 Crores Rs 6.45 Crores
Debt FY21/22 Rs 598.99 Crores Rs 7.63 Crores
Debt FY22/23 Rs 582.15 Crores Rs 6.85 Crores
Profit to Equity(%) FY11/12 32% 0
Profit to Equity(%) FY12/13 21% 0
Profit to Equity(%) FY13/14 27.07% 0
Profit to Equity(%) FY14/15 29.22% 0
Profit to Equity(%) FY15/16 30.63% 0
Profit to Equity(%) FY16/17 32.89% 0
Profit to Equity(%) FY17/18 41.55% 0
Profit to Equity(%) FY18/19 40.19% 0
Profit to Equity(%) FY19/20 26.41% 3.12%
Profit to Equity(%) FY20/21 33.02% 2.75%
Profit to Equity(%) FY21/22 41.00% 3.94%
Profit to Equity(%) FY22/23 43.78% 4.31%
Balance Sheet Size FY11/12 Rs 908 Crores 0
Balance Sheet Size FY12/13 Rs 948 Crores 0
Balance Sheet Size FY13/14 Rs 1620 Crores 0
Balance Sheet Size FY14/15 Rs 1857.26 Crores 0
Balance Sheet Size FY15/16 Rs 1903.86 Crores 0
Balance Sheet Size FY16/17 Rs 1983.64 Crores 0
Balance Sheet Size FY17/18 Rs 2222.18 Crores 0
Balance Sheet Size FY18/19 Rs 2350.41 Crores 0
Balance Sheet Size FY19/20 Rs 2470.58 Crores Rs 1503 Crores
Balance Sheet Size FY20/21 Rs 2747.85 Crores Rs 2314 Crores
Balance Sheet Size FY21/22 Rs 2921.25 Crores Rs 3287.21 Crores
Balance Sheet Size FY22/23 Rs 3061.50 Crores Rs 4821.39 Crores

Comparison Link:

Compare ICICI Direct Compare Shoonya by Finvasia
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ICICI Direct Vs HDFC Securities Shoonya by Finvasia Vs HDFC Securities
ICICI Direct Vs Geojit Shoonya by Finvasia Vs Geojit
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ICICI Direct Vs Edelweiss Capital Shoonya by Finvasia Vs Edelweiss Capital
ICICI Direct Vs Easytradez Shoonya by Finvasia Vs Easytradez
ICICI Direct Vs Rupeezy Shoonya by Finvasia Vs Rupeezy
ICICI Direct Vs Anand Rathi Shoonya by Finvasia Vs Anand Rathi
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ICICI Direct Vs Achiievers Shoonya by Finvasia Vs Achiievers
ICICI Direct Vs Angel One Shoonya by Finvasia Vs Angel One
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Frequently Asked Questions

Is ICICI Direct better than Shoonya by Finvasia ?

ICICI Direct and Shoonya by Finvasia 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 Shoonya by Finvasia better than ICICI Direct ?

ICICI Direct and Shoonya by Finvasia 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 Shoonya by Finvasia ?

ICICI Direct and Shoonya by Finvasia 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 Shoonya by Finvasia cheaper than ICICI Direct ?

ICICI Direct and Shoonya by Finvasia 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. Shoonya by Finvasia ?

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