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

Find a Comparison of Canara Bank 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 Canara Bank and ICICI Direct.

Background

Year of Incorporation 1996 2000
Website https://www.canmoney.in/ https://www.icicidirect.com/
Phone 1800-22-0369 022 3355 1122
Exchanges enabled BSE, NSE, NCDEX, ICEX, MCX NSE & BSE
Demat (NSDL/CDSL) CDSL and NSDL NSDL & CDSL
Brokerage

Equity 0.35% for Delivery & 0.04% for Intraday 0.05% Equity Intraday
Equity Futures 0.04% 0.05% or Rs 50 per Trade
Equity Options Rs.50 per Lot 0.05% or Rs 50 per Trade
Currency Futures 0.04% Rs 20 per executed order
Currency Options Rs.50 per Lot Rs 20 per executed order
Commodity Rs.50 per Lot 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% 0.00325% of Turnover
Futures 0.00325% 0.0019% of Turnover
Options 0.00325% 0.05% of Turnover
Commodities 0.00325% 0.05% of Turnover
AMC charge Rs.500 per Annum Rs 700 per Year
DP Transaction Charge Rs 9 + GST 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 7 Days 20 Days
End of Day 5 Years 10 years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 2x for Delivery & Upto 6x for Intraday Upto 1x on Delivery & Upto 5x on Intraday
Equity Futures Upto 3X Upto 4x
Equity Options Upto 5X Not for buying but upto 2x for shorting
Currency Futures Upto 2X 1x
Currency Options Upto 2X 1x
Commodity Upto 2X 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 3283 Crores Rs 77.1 Crores
Profit after Tax FY12/13 Rs 2872 Crores Rs 68.2 Crores
Profit after Tax FY13/14 Rs 2438 Crores Rs 74.9 Crores
Profit after Tax FY 14/15 Rs 2703 Crores Rs 79.52 Crores
Profit after Tax FY 15/16 Rs (2813) Crores Rs 96.88 Crores
Profit after Tax FY 16/17 Rs 1122 Crores Rs 132.64 Crores
Profit after Tax FY 17/18 Rs (4222) Crores Rs 100.80 Crores
Profit after Tax FY 18/19 Rs 347 Crores Rs 134.63 Crores
Profit after Tax FY 19/20 Rs (2236) Crores Rs 123.16 Crores
Profit after Tax FY 20/21 Rs 4406.07 Crores Rs 85.59 Crores
Profit after Tax FY 21/22 Rs 5464.49 Crores Rs 105.82 Crores
Profit after Tax FY 22/23 Rs 7518.54 Crores Rs 115.43 Crores
Debt FY11/12 Rs 4.7 Lakhs Rs 209 Crores
Debt FY12/13 Rs 5.2 Lakhs Rs 219 Crores
Debt FY13/14 Rs 5.6 Lakhs Rs 317 Crores
Debt FY14/15 Rs 6.1 Lakhs Rs 350.83 Crores
Debt FY15/16 Rs 6.8 Lakhs Rs 462.09 Crores
Debt FY16/17 Rs 7.2 Lakhs Rs 335.99 Crores
Debt FY17/18 Rs 8.3 Lakhs Rs 555.66 Crores
Debt FY18/19 Rs 7.9 Lakhs Rs 559.36 Crores
Debt FY19/20 Rs 9.4 Lakhs Rs 389.28 Crores
Debt FY20/21 Rs 9.9 Lakhs Rs 536.48 Crores
Debt FY21/22 Rs 10 Lakhs Rs 598.99 Crores
Debt FY22/23 Rs 4.7 Lakhs Rs 582.15 Crores
Profit to Equity(%) FY11/12 74.10 32%
Profit to Equity(%) FY12/13 64.83 21%
Profit to Equity(%) FY13/14 54.48 27.07%
Profit to Equity(%) FY14/15 11.06 29.22%
Profit to Equity(%) FY15/16 (10.69) 30.63%
Profit to Equity(%) FY16/17 4.15 32.89%
Profit to Equity(%) FY17/18 (16.74) 41.55%
Profit to Equity(%) FY18/19 1.40 40.19%
Profit to Equity(%) FY19/20 (8.05) 26.41%
Profit to Equity(%) FY20/21 6.71 33.02%
Profit to Equity(%) FY21/22 12.82 41.00%
Profit to Equity(%) FY22/23 19.49 43.78%
Balance Sheet Size FY11/12 Rs 156538,78.76 Rs 908 Crores
Balance Sheet Size FY12/13 Rs 182468,06,75 Crores Rs 948 Crores
Balance Sheet Size FY13/14 Rs 583519 44 35 Crores Rs 1620 Crores
Balance Sheet Size FY14/15 Rs 583519 44 35 Crores Rs 1857.26 Crores
Balance Sheet Size FY15/16 Rs 583519 44 35 Crores Rs 1903.86 Crores
Balance Sheet Size FY16/17 Rs 583519 44 35 Crores Rs 1983.64 Crores
Balance Sheet Size FY17/18 Rs 616886 10 48 Crores Rs 2222.18 Crores
Balance Sheet Size FY18/19 Rs 694766 69 05 Crores Rs 2350.41 Crores
Balance Sheet Size FY19/20 Rs 723874 74 53 Crores Rs 2470.58 Crores
Balance Sheet Size FY20/21 Rs 1027147 88 07 Crores Rs 2747.85 Crores
Balance Sheet Size FY21/22 Rs 1228104 88 07 Crores Rs 2921.25 Crores
Balance Sheet Size FY22/23 Rs 1345732 24 75 Crores Rs 3061.50 Crores

Comparison Link:

Compare Canara Bank Compare ICICI Direct
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Canara Bank Vs Globe Capital ICICI Direct Vs Globe Capital
Canara Bank Vs Finvasia ICICI Direct Vs Finvasia
Canara Bank Vs Coimbatore Capital ICICI Direct Vs Coimbatore Capital
Canara Bank Vs Cholamandalam Securities ICICI Direct Vs Cholamandalam Securities
Canara Bank Vs Choice Equity Broking ICICI Direct Vs Choice Equity Broking
Canara Bank Vs Bonanza Portfolio ICICI Direct Vs Bonanza Portfolio
Canara Bank Vs Bezel Stock Brokers ICICI Direct Vs Bezel Stock Brokers
Canara Bank Vs Beeline Broking ICICI Direct Vs Beeline Broking
Canara Bank Vs Bansal Finstock ICICI Direct Vs Bansal Finstock
Canara Bank Vs Axis Direct ICICI Direct Vs Axis Direct
Canara Bank Vs ASE Capital Markets ICICI Direct Vs ASE Capital Markets
Canara Bank Vs Arihant Capital ICICI Direct Vs Arihant Capital
Canara Bank Vs Alice Blue ICICI Direct Vs Alice Blue
Canara Bank Vs 5Paisa ICICI Direct Vs 5Paisa
Canara Bank Vs M.stock ICICI Direct Vs M.stock
Canara Bank Vs WisdomCapital ICICI Direct Vs WisdomCapital
Canara Bank Vs Way2wealth ICICI Direct Vs Way2wealth
Canara Bank Vs Ventura Securities ICICI Direct Vs Ventura Securities
Canara Bank Vs Navia Markets Ltd ICICI Direct Vs Navia Markets Ltd
Canara Bank Vs Tradejini ICICI Direct Vs Tradejini
Canara Bank Vs Tata Securities ICICI Direct Vs Tata Securities
Canara Bank Vs Swastika Investmart ICICI Direct Vs Swastika Investmart
Canara Bank Vs SMC Global ICICI Direct Vs SMC Global
Canara Bank Vs SBICAP Securities ICICI Direct Vs SBICAP Securities
Canara Bank Vs SASOnline ICICI Direct Vs SASOnline
Canara Bank Vs Samco securities ICICI Direct Vs Samco securities
Canara Bank Vs RK Global ICICI Direct Vs RK Global
Canara Bank Vs Reliance Securities ICICI Direct Vs Reliance Securities
Canara Bank Vs Nirmal Bang ICICI Direct Vs Nirmal Bang
Canara Bank Vs Master Trust Capital ICICI Direct Vs Master Trust Capital
Canara Bank Vs Kotak Securities ICICI Direct Vs Kotak Securities
Canara Bank Vs Interactive Brokers ICICI Direct Vs Interactive Brokers
Canara Bank Vs IIFL Securities ICICI Direct Vs IIFL Securities
Canara Bank Vs Dhani ICICI Direct Vs Dhani
Canara Bank Vs IDBI Capital ICICI Direct Vs IDBI Capital
Canara Bank Vs HDFC Securities ICICI Direct Vs HDFC Securities
Canara Bank Vs Geojit ICICI Direct Vs Geojit
Canara Bank Vs Fyers Securities ICICI Direct Vs Fyers Securities
Canara Bank Vs Edelweiss Capital ICICI Direct Vs Edelweiss Capital
Canara Bank Vs Easytradez ICICI Direct Vs Easytradez
Canara Bank Vs Rupeezy ICICI Direct Vs Rupeezy
Canara Bank Vs Anand Rathi ICICI Direct Vs Anand Rathi
Canara Bank Vs Aditya Birla Money ICICI Direct Vs Aditya Birla Money
Canara Bank Vs Achiievers ICICI Direct Vs Achiievers
Canara Bank Vs A C Choksi ICICI Direct Vs A C Choksi
Canara Bank Vs Angel Broking ICICI Direct Vs Angel Broking
Canara Bank Vs Motilal Oswal ICICI Direct Vs Motilal Oswal
Canara Bank Vs Sharekhan ICICI Direct Vs Sharekhan
Canara Bank Vs Groww ICICI Direct Vs Groww
Canara Bank Vs Tradesmart Online ICICI Direct Vs Tradesmart Online
Canara Bank Vs Upstox ICICI Direct Vs Upstox
Canara Bank Vs Zerodha ICICI Direct Vs Zerodha

Frequently Asked Questions

Is Canara Bank better than ICICI Direct ?

Canara Bank and ICICI Direct 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 better than Canara Bank ?

Canara Bank and ICICI Direct 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 Canara Bank cheaper than ICICI Direct ?

Canara Bank and ICICI Direct 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 ICICI Direct cheaper than Canara Bank ?

Canara Bank and ICICI Direct 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 Canara Bank vs. ICICI Direct ?

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