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ICICI Direct vs Zerodha – Compare Charges, Trading Features, Offers & more
Find a Comparison of ICICI Direct vs Zerodha 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 Zerodha.
Background
| Year of Incorporation | 2000 | 2010 |
| Website | https://www.icicidirect.com/ | https://zerodha.com |
| Phone | 022 3355 1122 | 080-4718-1888 |
| Exchanges enabled | NSE & BSE | NSE, BSE, MCX-SX & MCX |
| Demat (NSDL/CDSL) | NSDL & CDSL | CDSL |
Brokerage
| Equity | 0.05% Equity Intraday | Rs 0 on Delivery & Rs 20 on Intraday |
| Equity Futures | 0.05% or Rs 50 per Trade | Rs 20 or 0.03% (whichever is lower) per executed order |
| Equity Options | 0.05% or Rs 50 per Trade | Rs 20 per order |
| Currency Futures | Rs 20 per executed order | Rs 20 or 0.03% (whichever is lower) per executed order |
| Currency Options | Rs 20 per executed order | Rs 20 per order |
| Commodity | Rs 20 per executed order | Rs 20 per order |
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 | 0.00325% on Turnover |
| Futures | 0.0019% of Turnover | 0.0021% on Contract Turnover |
| Options | 0.05% of Turnover | 0.053% on Premium Turnover |
| Commodities | 0.05% of Turnover | 0.0031% on Contract turnover |
| AMC charge | Rs 700 per Year | Rs 300/year |
| DP Transaction Charge | Rs 25/Transaction or 0.05% whichever higher | Rs 13 per debit instruction |
| Offline order placing Charge | 0 | Rs 20 per executed order |
Platforms
| Software |  |
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| Web/HTML 5 | |
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| Mobile | |
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Charting
| Intraday | 20 Days | 365 days on Zerodha Pi |
| End of Day | 10 years | 10 years on Zerodha Pi |
| Coding/Backtesting |  |
|
Reporting
| Online Trade Reports | |
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| Online PNL Reports | |
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| Online Contract Notes | |
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Margins
Leverage Provided
| Equity | Upto 1x on Delivery & Upto 5x on Intraday | 20x intraday |
| Equity Futures | Upto 4x | Upto 7x intraday leverage |
| Equity Options | Not for buying but upto 2x for shorting | Buying no leverage, Shorting upto 7x leverage intrdaday |
| Currency Futures | 1x | 2x intraday leverage |
| Currency Options | 1x | Buying no leverage, Shorting upto 2x intraday leverage |
| Commodity | 1x | 2.5x intraday leverage |
Support & Tools
| 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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Convenience
| 3 in 1 Account | |
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| Instant Fund withdrawal | |
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| Relationship Managers | |
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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 2.4 Crores |
| Profit after Tax FY12/13 | Rs 68.2 Crores | Rs 5.8 Crores |
| Profit after Tax FY13/14 | Rs 74.9 Crores | Rs 10.27 Crores |
| Profit after Tax FY 14/15 | Rs 79.52 Crores | Rs 10.58 Crores |
| Profit after Tax FY 15/16 | Rs 96.88 Crores | Rs 10.99 Crores |
| Profit after Tax FY 16/17 | Rs 132.64 Crores | Rs 11.02 Crores |
| Profit after Tax FY 17/18 | Rs 100.80 Crores | Rs 11.36 Crores |
| Profit after Tax FY 18/19 | Rs 134.63 Crores | Rs 11.75 Crores |
| Profit after Tax FY 19/20 | Rs 123.16 Crores | Rs 11.98 Crores |
| Profit after Tax FY 20/21 | Rs 85.59 Crores | Rs 12.13 Crores |
| Profit after Tax FY 21/22 | Rs 105.82 Crores | Rs 12.38 Crores |
| Profit after Tax FY 22/23 | Rs 115.43 Crores | Rs 12.87 Crores |
| Debt FY11/12 | Rs 209 Crores | 0 |
| Debt FY12/13 | Rs 219 Crores | 0 |
| Debt FY13/14 | Rs 317 Crores | 0 |
| Debt FY14/15 | Rs 350.83 Crores | Rs 4.45 Crores |
| Debt FY15/16 | Rs 462.09 Crores | Rs 4.88 Crores |
| Debt FY16/17 | Rs 335.99 Crores | Rs 5.22 Crores |
| Debt FY17/18 | Rs 555.66 Crores | Rs 5.68 Crores |
| Debt FY18/19 | Rs 559.36 Crores | Rs 6.25 Crores |
| Debt FY19/20 | Rs 389.28 Crores | Rs 5.87 Crores |
| Debt FY20/21 | Rs 536.48 Crores | Rs 6.11 Crores |
| Debt FY21/22 | Rs 598.99 Crores | Rs 6.47 Crores |
| Debt FY22/23 | Rs 582.15 Crores | Rs 6.98 Crores |
| Profit to Equity(%) FY11/12 | 32% | 19% |
| Profit to Equity(%) FY12/13 | 21% | 24% |
| Profit to Equity(%) FY13/14 | 27.07% | 21% |
| Profit to Equity(%) FY14/15 | 29.22% | 21% |
| Profit to Equity(%) FY15/16 | 30.63% | 23% |
| Profit to Equity(%) FY16/17 | 32.89% | 26% |
| Profit to Equity(%) FY17/18 | 41.55% | 28% |
| Profit to Equity(%) FY18/19 | 40.19% | 29% |
| Profit to Equity(%) FY19/20 | 26.41% | 33% |
| Profit to Equity(%) FY20/21 | 33.02% | 36% |
| Profit to Equity(%) FY21/22 | 41.00% | 38% |
| Profit to Equity(%) FY22/23 | 43.78% | 39% |
| Balance Sheet Size FY11/12 | Rs 908 Crores | Rs 25.4 Crores |
| Balance Sheet Size FY12/13 | Rs 948 Crores | Rs 64.5 Crores |
| Balance Sheet Size FY13/14 | Rs 1620 Crores | Rs 111.1 Crores |
| Balance Sheet Size FY14/15 | Rs 1857.26 Crores | Rs 112.18 Crores |
| Balance Sheet Size FY15/16 | Rs 1903.86 Crores | Rs 112.98 Crores |
| Balance Sheet Size FY16/17 | Rs 1983.64 Crores | Rs 113.44 Crores |
| Balance Sheet Size FY17/18 | Rs 2222.18 Crores | Rs 114.87 Crores |
| Balance Sheet Size FY18/19 | Rs 2350.41 Crores | Rs 116.55 Crores |
| Balance Sheet Size FY19/20 | Rs 2470.58 Crores | Rs 119.22 Crores |
| Balance Sheet Size FY20/21 | Rs 2747.85 Crores | Rs 120.63 Crores |
| Balance Sheet Size FY21/22 | Rs 2921.25 Crores | Rs 121.16 Crores |
| Balance Sheet Size FY22/23 | Rs 3061.50 Crores | Rs 122.10 Crores |
Comparison Link:
Frequently Asked Questions
Is ICICI Direct better than Zerodha ?
ICICI Direct and Zerodha 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 Zerodha better than ICICI Direct ?
ICICI Direct and Zerodha 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 Zerodha ?
ICICI Direct and Zerodha 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 Zerodha cheaper than ICICI Direct ?
ICICI Direct and Zerodha 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. Zerodha ?
To find out the better of the two stockbrokers ICICI Direct and Zerodha, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.