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 Zero in Delivery and 0.03% or Rs. 5, whichever is low in Intraday
Equity Futures 0.05% or Rs 50 per Trade 0.03% or Rs. 5, whichever is low
Equity Options 0.05% or Rs 50 per Trade Flat Rs. 5 + GST
Currency Futures Rs 20 per executed order 0.03% or Rs. 5, whichever is low
Currency Options Rs 20 per executed order Flat Rs. 5 + GST
Commodity Rs 20 per executed order 0.03% or Rs. 5 in Futures and Flat Rs. 5 + GST on Options
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 94.9 Crores 0
Profit after Tax FY 14/15 Rs 159.52 Crores 0
Profit after Tax FY 15/16 Rs 196.88 Crores 0
Profit after Tax FY 16/17 Rs 232.64 Crores 0
Profit after Tax FY 17/18 Rs 300.80 Crores 0
Profit after Tax FY 18/19 Rs 490.63 Crores 0
Profit after Tax FY 19/20 Rs 539.16 Crores Rs 140 Crores
Profit after Tax FY 20/21 Rs 1,067.59 Crores Rs 225.12 Crores
Profit after Tax FY 21/22 Rs 1,383.82 Crores Rs 248.93 Crores
Profit after Tax FY 22/23 Rs 1,118.43 Crores Rs 451.24 Crores
Debt FY11/12 Rs 2,209 Crores 0
Debt FY12/13 Rs 4,219 Crores 0
Debt FY13/14 Rs 6,317 Crores 0
Debt FY14/15 Rs 8,250.83 Crores 0
Debt FY15/16 Rs 9,862.09 Crores 0
Debt FY16/17 Rs 10,435.99 Crores 0
Debt FY17/18 Rs 11,755.66 Crores 0
Debt FY18/19 Rs 12,859.36 Crores 0
Debt FY19/20 Rs 13,689.28 Crores Rs 5.31 Crores
Debt FY20/21 Rs 14,536.48 Crores Rs 6.45 Crores
Debt FY21/22 Rs 15,798.99 Crores Rs 7.63 Crores
Debt FY22/23 Rs 15,882.15 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 40.45% 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 2,222.18 Crores 0
Balance Sheet Size FY18/19 Rs 2,350.41 Crores 0
Balance Sheet Size FY19/20 Rs 5,470.58 Crores Rs 1503 Crores
Balance Sheet Size FY20/21 Rs 6,747.85 Crores Rs 2314 Crores
Balance Sheet Size FY21/22 Rs 8,921.25 Crores Rs 3287.21 Crores
Balance Sheet Size FY22/23 Rs 10,061.50 Crores Rs 4821.39 Crores

Comparison Link:

Compare ICICI Direct Compare Shoonya by Finvasia
ICICI Direct Vs Punch Trade Shoonya by Finvasia Vs Punch Trade
ICICI Direct Vs BlinkX Shoonya by Finvasia Vs BlinkX
ICICI Direct Vs Lemonn Shoonya by Finvasia Vs Lemonn
ICICI Direct Vs Mandot Securities Shoonya by Finvasia Vs Mandot Securities
ICICI Direct Vs HDFC Sky Shoonya by Finvasia Vs HDFC Sky
ICICI Direct Vs Dhan Shoonya by Finvasia Vs Dhan
ICICI Direct Vs Goodwill Wealth Shoonya by Finvasia Vs Goodwill Wealth
ICICI Direct Vs NJ Wealth Shoonya by Finvasia Vs NJ Wealth
ICICI Direct Vs Paytm Money Shoonya by Finvasia Vs Paytm Money
ICICI Direct Vs Globe Capital Shoonya by Finvasia Vs Globe Capital
ICICI Direct Vs Cholamandalam Securities Shoonya by Finvasia Vs Cholamandalam Securities
ICICI Direct Vs Canara Bank Shoonya by Finvasia Vs Canara Bank
ICICI Direct Vs Axis Direct Shoonya by Finvasia Vs Axis Direct
ICICI Direct Vs Alice Blue Shoonya by Finvasia Vs Alice Blue
ICICI Direct Vs 5Paisa Shoonya by Finvasia Vs 5Paisa
ICICI Direct Vs M.stock Shoonya by Finvasia Vs M.stock
ICICI Direct Vs WisdomCapital Shoonya by Finvasia Vs WisdomCapital
ICICI Direct Vs Way2wealth Shoonya by Finvasia Vs Way2wealth
ICICI Direct Vs Ventura Securities Shoonya by Finvasia Vs Ventura Securities
ICICI Direct Vs Navia Markets Ltd Shoonya by Finvasia Vs Navia Markets Ltd
ICICI Direct Vs Tradejini Shoonya by Finvasia Vs Tradejini
ICICI Direct Vs Tata Securities Shoonya by Finvasia Vs Tata Securities
ICICI Direct Vs Swastika Investmart Shoonya by Finvasia Vs Swastika Investmart
ICICI Direct Vs SMC Global Shoonya by Finvasia Vs SMC Global
ICICI Direct Vs SBICAP Securities Shoonya by Finvasia Vs SBICAP Securities
ICICI Direct Vs SASOnline Shoonya by Finvasia Vs SASOnline
ICICI Direct Vs Samco securities Shoonya by Finvasia Vs Samco securities
ICICI Direct Vs RK Global Shoonya by Finvasia Vs RK Global
ICICI Direct Vs Reliance Securities Shoonya by Finvasia Vs Reliance Securities
ICICI Direct Vs Nirmal Bang Shoonya by Finvasia Vs Nirmal Bang
ICICI Direct Vs Master Trust Capital Shoonya by Finvasia Vs Master Trust Capital
ICICI Direct Vs Kotak Securities Shoonya by Finvasia Vs Kotak Securities
ICICI Direct Vs Interactive Brokers Shoonya by Finvasia Vs Interactive Brokers
ICICI Direct Vs IIFL Securities Shoonya by Finvasia Vs IIFL Securities
ICICI Direct Vs Dhani Shoonya by Finvasia Vs Dhani
ICICI Direct Vs IDBI Capital Shoonya by Finvasia Vs IDBI Capital
ICICI Direct Vs HDFC Securities Shoonya by Finvasia Vs HDFC Securities
ICICI Direct Vs Geojit Shoonya by Finvasia Vs Geojit
ICICI Direct Vs Fyers Securities Shoonya by Finvasia Vs Fyers Securities
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
ICICI Direct Vs Aditya Birla Money Shoonya by Finvasia Vs Aditya Birla Money
ICICI Direct Vs Achiievers Shoonya by Finvasia Vs Achiievers
ICICI Direct Vs Angel One Shoonya by Finvasia Vs Angel One
ICICI Direct Vs Motilal Oswal Shoonya by Finvasia Vs Motilal Oswal
ICICI Direct Vs Sharekhan Shoonya by Finvasia Vs Sharekhan
ICICI Direct Vs Groww Shoonya by Finvasia Vs Groww
ICICI Direct Vs Tradesmart Online Shoonya by Finvasia Vs Tradesmart Online
ICICI Direct Vs Upstox Shoonya by Finvasia Vs Upstox
ICICI Direct Vs Zerodha Shoonya by Finvasia Vs Zerodha

Frequently Asked Questions

Which is better, ICICI Direct or Shoonya by Finvasia?

ICICI Direct Securities and Shoonya by Finvasia are both discount broker companies. Thus, to determine which is a better stockbroker, we need to examine details such as brokerage charges, account opening fees, trading platforms, and more.

Do ICICI Direct and Shoonya by Finvasia offer mobile trading apps?

Yes, both ICICI Direct Securities and Shoonya by Finvasia provide mobile trading apps for better user interface and seamless trading experience.

What are the account opening charges for Shoonya by Finvasia and ICICI Direct?

The account opening charges by brokers ICICI Direct and Shoonya by Finvasia for both trading and demat are zero. Charges may vary, kindly read the above comparison.

Which broker has a better reputation for reliability?

Both ICICI Direct and Shoonya by Finvasia are SEBI-registered brokers with good reputations. ICICI Direct is known for its trading platforms, while Shoonya by Finvasia is praised for cost-effective pricing.

Do both brokers provide margin trading facilities?

Yes, both ICICI Direct and Shoonya by Finvasia offer margin trading facilities. However, terms, interest rates, and leverage limits vary, so reviewing their policies is essential.