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

Find a Comparison of Zerodha 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 Zerodha and ICICI Direct.

Background

Year of Incorporation 2010 2000
Website https://zerodha.com https://www.icicidirect.com/
Phone 080-4718-1888 022 3355 1122
Exchanges enabled NSE, BSE, MCX-SX & MCX NSE & BSE
Demat (NSDL/CDSL) CDSL NSDL & CDSL
Brokerage

Equity Rs 0 on Delivery & Rs 20 on Intraday 0.05% Equity Intraday
Equity Futures Rs 20 or 0.03% (whichever is lower) per executed order 0.05% or Rs 50 per Trade
Equity Options Rs 20 per order 0.05% or Rs 50 per Trade
Currency Futures Rs 20 or 0.03% (whichever is lower) per executed order Rs 20 per executed order
Currency Options Rs 20 per order Rs 20 per executed order
Commodity Rs 20 per order Rs 20 per executed order
Account Opening Costs

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

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

Equity 0.00325% on Turnover 0.00325% of Turnover
Futures 0.0021% on Contract Turnover 0.0019% of Turnover
Options 0.053% on Premium Turnover 0.05% of Turnover
Commodities 0.0031% on Contract turnover 0.05% of Turnover
AMC charge Rs 300/year Rs 700 per Year
DP Transaction Charge Rs 13 per debit instruction Rs 25/Transaction or 0.05% whichever higher
Offline order placing Charge Rs 20 per executed order 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 365 days on Zerodha Pi 20 Days
End of Day 10 years on Zerodha Pi 10 years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 20x intraday Upto 1x on Delivery & Upto 5x on Intraday
Equity Futures Upto 7x intraday leverage Upto 4x
Equity Options Buying no leverage, Shorting upto 7x leverage intrdaday Not for buying but upto 2x for shorting
Currency Futures 2x intraday leverage 1x
Currency Options Buying no leverage, Shorting upto 2x intraday leverage 1x
Commodity 2.5x intraday leverage 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 150.4 Crores Rs 77.1 Crores
Profit after Tax FY12/13 Rs 175.8 Crores Rs 68.2 Crores
Profit after Tax FY13/14 Rs 214.27 Crores Rs 94.9 Crores
Profit after Tax FY 14/15 Rs 365.58 Crores Rs 159.52 Crores
Profit after Tax FY 15/16 Rs 440.99 Crores Rs 196.88 Crores
Profit after Tax FY 16/17 Rs 511.02 Crores Rs 232.64 Crores
Profit after Tax FY 17/18 Rs 645.36 Crores Rs 300.80 Crores
Profit after Tax FY 18/19 Rs 815.75 Crores Rs 490.63 Crores
Profit after Tax FY 19/20 Rs 599.98 Crores Rs 539.16 Crores
Profit after Tax FY 20/21 Rs 622.13 Crores Rs 1,067.59 Crores
Profit after Tax FY 21/22 Rs 1,122.38 Crores Rs 1,383.82 Crores
Profit after Tax FY 22/23 Rs 2,094.87 Crores Rs 1,118.43 Crores
Debt FY11/12 0 Rs 2,209 Crores
Debt FY12/13 0 Rs 4,219 Crores
Debt FY13/14 0 Rs 6,317 Crores
Debt FY14/15 Rs 4.45 Crores Rs 8,250.83 Crores
Debt FY15/16 Rs 4.88 Crores Rs 9,862.09 Crores
Debt FY16/17 Rs 5.22 Crores Rs 10,435.99 Crores
Debt FY17/18 Rs 5.68 Crores Rs 11,755.66 Crores
Debt FY18/19 Rs 6.25 Crores Rs 12,859.36 Crores
Debt FY19/20 Rs 5.87 Crores Rs 13,689.28 Crores
Debt FY20/21 Rs 6.11 Crores Rs 14,536.48 Crores
Debt FY21/22 Rs 6.47 Crores Rs 15,798.99 Crores
Debt FY22/23 Rs 6.98 Crores Rs 15,882.15 Crores
Profit to Equity(%) FY11/12 19% 32%
Profit to Equity(%) FY12/13 24% 21%
Profit to Equity(%) FY13/14 21% 27.07%
Profit to Equity(%) FY14/15 21% 29.22%
Profit to Equity(%) FY15/16 23% 30.63%
Profit to Equity(%) FY16/17 26% 32.89%
Profit to Equity(%) FY17/18 28% 41.55%
Profit to Equity(%) FY18/19 29% 40.19%
Profit to Equity(%) FY19/20 33% 26.41%
Profit to Equity(%) FY20/21 28% 33.02%
Profit to Equity(%) FY21/22 29% 41.00%
Profit to Equity(%) FY22/23 29% 40.45%
Balance Sheet Size FY11/12 Rs 1225.4 Crores Rs 908 Crores
Balance Sheet Size FY12/13 Rs 1864.5 Crores Rs 948 Crores
Balance Sheet Size FY13/14 Rs 2511.1 Crores Rs 1620 Crores
Balance Sheet Size FY14/15 Rs 5288.18 Crores Rs 1857.26 Crores
Balance Sheet Size FY15/16 Rs 6512.98 Crores Rs 1903.86 Crores
Balance Sheet Size FY16/17 Rs 8459.44 Crores Rs 1983.64 Crores
Balance Sheet Size FY17/18 Rs 9,114.87 Crores Rs 2,222.18 Crores
Balance Sheet Size FY18/19 Rs 9,816.55 Crores Rs 2,350.41 Crores
Balance Sheet Size FY19/20 Rs 10,719.22 Crores Rs 5,470.58 Crores
Balance Sheet Size FY20/21 Rs 11,920.63 Crores Rs 6,747.85 Crores
Balance Sheet Size FY21/22 Rs 12,721.16 Crores Rs 8,921.25 Crores
Balance Sheet Size FY22/23 Rs 15,322.10 Crores Rs 10,061.50 Crores

Comparison Link:

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Frequently Asked Questions

Which is better, Zerodha or ICICI Direct?

Zerodha 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.

Do Zerodha and ICICI Direct offer mobile trading apps?

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

What are the account opening charges for ICICI Direct and Zerodha?

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

Which broker has a better reputation for reliability?

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

Do both brokers provide margin trading facilities?

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