Find a Comparison of Interactive Brokers vs ICICI Direct 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 Interactive Brokers and ICICI Direct.
| Year of Incorporation | 1977 | 2000 |
| Website | https://www.interactivebrokers.co.in/en/home.php | https://www.icicidirect.com/ |
| Phone | +91 22-61289888 | 022 3355 1122 |
| Exchanges enabled | NSE (plus over 100 market centers across 24 countries). | NSE & BSE |
| Demat (NSDL/CDSL) | NSDL | NSDL & CDSL |
| Equity | 0.05% per Executed Order | 0.05% Equity Intraday |
| Equity Futures | 0.01% per Executed Order | 0.05% or Rs 50 per Trade |
| Equity Options | Rs 25 per lot per | 0.05% or Rs 50 per Trade |
| Currency Futures | 0.01% per Executed Order | Rs 20 per executed order |
| Currency Options | 0.01% per Executed Order | Rs 20 per executed order |
| Commodity | Rs 50 per lot per | Rs 20 per executed order |
| Trading only | Rs 0 | Free |
| Trading & Demat | Rs 400 | Rs 975 for 3 in 1 Account |
| Commodity | Not Available | Rs 0 |
Double check on if you are paying much higher other/turnover costs, make sure to compare
| Equity | 0.00325% | 0.00325% of Turnover |
| Futures | 0.0019 % | 0.0019% of Turnover |
| Options | 0.05% | 0.05% of Turnover |
| Commodities | Not available | 0.05% of Turnover |
| AMC charge | NIL | Rs 700 per Year |
| DP Transaction Charge | NIL | Rs 25/Transaction or 0.05% whichever higher |
| Offline order placing Charge | Rs 1500 per order | 0 |
| Software |  |
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| Web/HTML 5 | |
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| Mobile | |
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| Intraday | 22 Days | 20 Days |
| End of Day | 1 Year | 10 years |
| Coding/Backtesting | |
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| Online Trade Reports | |
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| Online PNL Reports | |
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| Online Contract Notes | |
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Leverage Provided
| Equity | 2x intraday and overnight leverage | Upto 1x on Delivery & Upto 5x on Intraday |
| Equity Futures | Upto 2x for Intraday | Upto 4x |
| Equity Options | Buying 0 & Shorting upto 2x for Intraday | Not for buying but upto 2x for shorting |
| Currency Futures | Upto 2x for Intraday | 1x |
| Currency Options | Buying 0 & Shorting upto 2x for Intraday | 1x |
| Commodity | Not Available | 1x |
| Research & Tips | |
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| Brokerage Calculator | |
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| Margin Calculator | |
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| Bracket orders & Trailing Stoploss | |
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| Training & Education | |
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| 3 in 1 Account | |
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| Instant Fund withdrawal | |
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| Relationship Managers | |
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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 54.1 Crores | Rs 77.1 Crores |
| Profit after Tax FY12/13 | Rs 63.01 Crores | Rs 68.2 Crores |
| Profit after Tax FY13/14 | Rs 64.75 Crores | Rs 94.9 Crores |
| Profit after Tax FY 14/15 | Rs 74.30 Crores | Rs 159.52 Crores |
| Profit after Tax FY 15/16 | Rs 89.41 Crores | Rs 196.88 Crores |
| Profit after Tax FY 16/17 | Rs 79.38 Crores | Rs 232.64 Crores |
| Profit after Tax FY 17/18 | Rs 79.67 Crores | Rs 300.80 Crores |
| Profit after Tax FY 18/19 | Rs 93.62 Crores | Rs 490.63 Crores |
| Profit after Tax FY 19/20 | Rs 89.06 Crores | Rs 539.16 Crores |
| Profit after Tax FY 20/21 | Rs 99.53 Crores | Rs 1,067.59 Crores |
| Profit after Tax FY 21/22 | Rs 85.24 Crores | Rs 1,383.82 Crores |
| Profit after Tax FY 22/23 | Rs 78.27 Crores | Rs 1,118.43 Crores |
| Debt FY11/12 | Rs 17.67 Crores | Rs 2,209 Crores |
| Debt FY12/13 | Rs 13.43 Crores | Rs 4,219 Crores |
| Debt FY13/14 | Rs 21.88 Crores | Rs 6,317 Crores |
| Debt FY14/15 | Rs 21.05 Crores | Rs 8,250.83 Crores |
| Debt FY15/16 | Rs 23.05 Crores | Rs 9,862.09 Crores |
| Debt FY16/17 | Rs 22.53 Crores | Rs 10,435.99 Crores |
| Debt FY17/18 | Rs 22.09 Crores | Rs 11,755.66 Crores |
| Debt FY18/19 | Rs 23.67 Crores | Rs 12,859.36 Crores |
| Debt FY19/20 | Rs 21.41 Crores | Rs 13,689.28 Crores |
| Debt FY20/21 | Rs 24.02 Crores | Rs 14,536.48 Crores |
| Debt FY21/22 | Rs 27.09 Crores | Rs 15,798.99 Crores |
| Debt FY22/23 | Rs 21.78 Crores | Rs 15,882.15 Crores |
| Profit to Equity(%) FY11/12 | 14.94% | 32% |
| Profit to Equity(%) FY12/13 | 7.29% | 21% |
| Profit to Equity(%) FY13/14 | 9.71% | 27.07% |
| Profit to Equity(%) FY14/15 | 9.01% | 29.22% |
| Profit to Equity(%) FY15/16 | 9.64% | 30.63% |
| Profit to Equity(%) FY16/17 | 10.04% | 32.89% |
| Profit to Equity(%) FY17/18 | 10.14% | 41.55% |
| Profit to Equity(%) FY18/19 | 11.34% | 40.19% |
| Profit to Equity(%) FY19/20 | 13.24% | 26.41% |
| Profit to Equity(%) FY20/21 | 12.52% | 33.02% |
| Profit to Equity(%) FY21/22 | 17.85% | 41.00% |
| Profit to Equity(%) FY22/23 | 14.56% | 40.45% |
| Balance Sheet Size FY11/12 | Rs 908 Crores | Rs 908 Crores |
| Balance Sheet Size FY12/13 | Rs 977 Crores | Rs 948 Crores |
| Balance Sheet Size FY13/14 | Rs 990.08 Crores | Rs 1620 Crores |
| Balance Sheet Size FY14/15 | Rs 1058.51 Crores | Rs 1857.26 Crores |
| Balance Sheet Size FY15/16 | Rs 1071.18 Crores | Rs 1903.86 Crores |
| Balance Sheet Size FY16/17 | Rs 1098.72 Crores | Rs 1983.64 Crores |
| Balance Sheet Size FY17/18 | Rs 1110.91 Crores | Rs 2,222.18 Crores |
| Balance Sheet Size FY18/19 | Rs 1195.94 Crores | Rs 2,350.41 Crores |
| Balance Sheet Size FY19/20 | Rs 1293.62 Crores | Rs 5,470.58 Crores |
| Balance Sheet Size FY20/21 | Rs 1369.20 Crores | Rs 6,747.85 Crores |
| Balance Sheet Size FY21/22 | Rs 1491.66 Crores | Rs 8,921.25 Crores |
| Balance Sheet Size FY22/23 | Rs 1627.43 Crores | Rs 10,061.50 Crores |
Interactive Brokers Securities and ICICI Direct 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.
Yes, both Interactive Brokers Securities and ICICI Direct provide mobile trading apps for better user interface and seamless trading experience.
The account opening charges by brokers Interactive Brokers and ICICI Direct for both trading and demat are zero. Charges may vary, kindly read the above comparison.
Both Interactive Brokers and ICICI Direct are SEBI-registered brokers with good reputations. Interactive Brokers is known for its trading platforms, while ICICI Direct is praised for cost-effective pricing.
Yes, both Interactive Brokers and ICICI Direct offer margin trading facilities. However, terms, interest rates, and leverage limits vary, so reviewing their policies is essential.
