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

Find a Comparison of ICICI Direct vs Mandot Securities 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 Mandot Securities.

Background

Year of Incorporation 2000 2014
Website https://www.icicidirect.com/ https://www.mandotsecurities.com/
Phone 022 3355 1122 0731-6620000
Exchanges enabled NSE & BSE BSE, NSE, MCX
Demat (NSDL/CDSL) NSDL & CDSL CDSL
Brokerage

Equity 0.05% Equity Intraday 0.1% – 0.2% for Delivery & 0.01% – 0.02% for Intraday
Equity Futures 0.05% or Rs 50 per Trade 0.01% – 0.02%
Equity Options 0.05% or Rs 50 per Trade Rs.10 – Rs. 20 per Lot
Currency Futures Rs 20 per executed order 0.01% – 0.02%
Currency Options Rs 20 per executed order Rs.10 – Rs. 20 per Lot
Commodity Rs 20 per executed order Not Available
Account Opening Costs

Trading only Free Rs. 299
Trading & Demat Rs 975 for 3 in 1 Account Rs. 299
Commodity Rs 0 Not Available
Transparency & other costs

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

Equity 0.00325% of Turnover 0.0002% of Total Turnover
Futures 0.0019% of Turnover 0.0020% of Total Turnover
Options 0.05% of Turnover 0.0012% of Total Turnover
Commodities 0.05% of Turnover Not Available
AMC charge Rs 700 per Year Rs 240 per Annum
DP Transaction Charge Rs 25/Transaction or 0.05% whichever higher Zero
Offline order placing Charge 0 Nil
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 20 Days 7 Days
End of Day 10 years 5 Years
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 2x for Delivery & Upto 6x for Intraday
Equity Futures Upto 4x Upto 3x
Equity Options Not for buying but upto 2x for shorting Upto 4x
Currency Futures 1x Upto 4x
Currency Options 1x Upto 3x
Commodity 1x Not Available
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 Rs 60.42 Lakhs
Profit after Tax FY12/13 Rs 68.2 Crores Rs 62.67 Lakhs
Profit after Tax FY13/14 Rs 74.9 Crores Rs 65.29 Lakhs
Profit after Tax FY 14/15 Rs 79.52 Crores Rs 67.58 Lakhs
Profit after Tax FY 15/16 Rs 96.88 Crores Rs 69.93 Lakhs
Profit after Tax FY 16/17 Rs 132.64 Crores Rs 72.45 Lakhs
Profit after Tax FY 17/18 Rs 100.80 Crores Rs 75.60 Lakhs
Profit after Tax FY 18/19 Rs 134.63 Crores Rs 77.81 Lakhs
Profit after Tax FY 19/20 Rs 123.16 Crores Rs 82.47 Lakhs
Profit after Tax FY 20/21 Rs 85.59 Crores Rs 79.63 Lakhs
Profit after Tax FY 21/22 Rs 105.82 Crores Rs 82.62 Lakhs
Profit after Tax FY 22/23 Rs 115.43 Crores Rs 85.38 Lakhs
Debt FY11/12 Rs 209 Crores Rs 10.27 Lakhs
Debt FY12/13 Rs 219 Crores Rs 12.42 Lakhs
Debt FY13/14 Rs 317 Crores Rs 12.55 Lakhs
Debt FY14/15 Rs 350.83 Crores Rs 13.72 Lakhs
Debt FY15/16 Rs 462.09 Crores Rs 15.75 Lakhs
Debt FY16/17 Rs 335.99 Crores Rs 18.31 Lakhs
Debt FY17/18 Rs 555.66 Crores Rs 19.24 Lakhs
Debt FY18/19 Rs 559.36 Crores Rs 22.68 Lakhs
Debt FY19/20 Rs 389.28 Crores Rs 25.82 Lakhs
Debt FY20/21 Rs 536.48 Crores Rs 28.33 Lakhs
Debt FY21/22 Rs 598.99 Crores Rs 32.29 Lakhs
Debt FY22/23 Rs 582.15 Crores Rs 32.72 Lakhs
Profit to Equity(%) FY11/12 32% 10.21%
Profit to Equity(%) FY12/13 21% 12.24%
Profit to Equity(%) FY13/14 27.07% 10.88%
Profit to Equity(%) FY14/15 29.22% 12.35%
Profit to Equity(%) FY15/16 30.63% 14.69%
Profit to Equity(%) FY16/17 32.89% 14.75%
Profit to Equity(%) FY17/18 41.55% 15.98%
Profit to Equity(%) FY18/19 40.19% 16.45%
Profit to Equity(%) FY19/20 26.41% 17.21%
Profit to Equity(%) FY20/21 33.02% 18.12%
Profit to Equity(%) FY21/22 41.00% 18.78%
Profit to Equity(%) FY22/23 43.78% 16.19%
Balance Sheet Size FY11/12 Rs 908 Crores Rs 349.37 Crores
Balance Sheet Size FY12/13 Rs 948 Crores Rs 388.74 Crores
Balance Sheet Size FY13/14 Rs 1620 Crores Rs 400.07 Crores
Balance Sheet Size FY14/15 Rs 1857.26 Crores Rs 442.54 Crores
Balance Sheet Size FY15/16 Rs 1903.86 Crores Rs 499.85 Crores
Balance Sheet Size FY16/17 Rs 1983.64 Crores Rs 529.37 Crores
Balance Sheet Size FY17/18 Rs 2222.18 Crores Rs 549.66 Crores
Balance Sheet Size FY18/19 Rs 2350.41 Crores Rs 567.25 Crores
Balance Sheet Size FY19/20 Rs 2470.58 Crores Rs 588.48 Crores
Balance Sheet Size FY20/21 Rs 2747.85 Crores Rs 649.37 Crores
Balance Sheet Size FY21/22 Rs 2921.25 Crores Rs 668.11 Crores
Balance Sheet Size FY22/23 Rs 3061.50 Crores Rs 692.36 Crores

Comparison Link:

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Frequently Asked Questions

Is ICICI Direct better than Mandot Securities ?

ICICI Direct and Mandot Securities 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 Mandot Securities better than ICICI Direct ?

ICICI Direct and Mandot Securities 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 Mandot Securities ?

ICICI Direct and Mandot Securities 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 Mandot Securities cheaper than ICICI Direct ?

ICICI Direct and Mandot Securities 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. Mandot Securities ?

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