ICICI Direct review
ICICI Direct is a Multi-Assets Trading Platform with over 5000+ Assets
ICICI Direct is a multi asset platform with 5000+ tradable Assets.
Assets available on ICICI Direct include Equity Trading, Derivatives Trading, Mutual Fund & IPO, Fixed Deposit, Bond, NCD, wealth products.
ICICI Direct trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Equity Trading, Derivatives Trading, Mutual Fund & IPO, Fixed Deposit, Bond, NCD, wealth products are considered financial assets.
Features of ICICI Direct
- ICICI Direct offers Advanced Financial Chart comparison tools
- ICICI Direct offers Research-backed analysis on financial markets and investments from top analysts
- The ICICI Direct platform is available to use on multiple devices including iOS devices like iPhones and iPads, Android devices and online through a Web Browser.
- ICICI Direct offers an easy to use trading platform with tools for both New Traders and Seasoned Experts
- ICICI Direct users benefit from using the ICICI Direct platform in over 16 different languages
ICICI Direct review
What you should know
ICICI Direct offer seven ways to trade: Equity Trading, Derivatives Trading, Mutual Fund & IPO, Fixed Deposit, Bond, NCD, wealth products. The assets and products available to you on the ICICI Direct trading platform depend on the region of the world you are in and what entity you have an account with.
With ICICI Direct you will need a minimum deposit of $0. You can sign up for a demo account to acquaint yourself with ICICI Direct platform.
ICICI Direct are able to accommodate various levels of traders whether you are experienced or a beginner.
Are ICICI Direct safe?
When choosing a broker like ICICI Direct the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.
Established in 1994, and in operation for 28 years ICICI Direct have a head office in India.
ICICI Direct is regulated. This means ICICI Direct are supervised by and is checked for conduct by the Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange regulatory bodies.
Regulated brokers are highly unlikely to manipulate market prices due to the regulations imposed. When you send in a withdrawal request to ICICI Direct, this will be honored. If ICICI Direct violate any regulatory rules their regulated status could be stripped.
Your capital is at risk
Is my money safe with ICICI Direct?
Any payments funded to ICICI Direct accounts by traders are held in a segregated bank account.
For added security ICICI Direct use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.
What are Tier 1 banks and why should ICICI Direct use them?
A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and are typically able to withstand unexpected losses.
What does it mean to have your funds in ICICI Direct deposited in a Tier 1 bank?
Having any money you deposit with ICICI Direct means that your funds are kept in a bank that has enough capital to accommodate your withdrawal wishes even if ICICI Direct goes out of business for some reason.
Therefore, we can safely conclude that ICICI Direct is reasonably secure and safe.
That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.
While trading in financial investments, losing money rapidly due to trading Equity Trading, Derivatives Trading, Mutual Fund & IPO, Fixed Deposit, Bond, NCD, wealth products is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. ICICI Direct also clearly state on their platform that Your capital is at risk.
Now that we have answered some important questions regarding ICICI Direct. let us look at the ICICI Direct features in more detail.
Try creating two accounts when you are working with ICICI Direct. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.
Open a demo account Visit ICICI Direct
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
How ICICI Direct as a Company Compare Against Other Brokers
Broker |
icicidirect
![]() |
eToro
![]() |
IC Markets
![]() |
Roboforex
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Year Established | 1994 | 2007 | 2007 | 2009 |
Head Office | India | Cyprus, UK | Australia | Cyprus |
Regulation | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
Used By | 2,000,000+ ICICI Direct users | 27,000,000+ eToro users | 180,000+ IC Markets users | 10,000+ Roboforex users |
Negative balance protection | Yes | Yes | Yes | No |
Guaranteed Stop Loss | No | No | No | No |
Learn More | Visit ICICI Direct | Visit eToro | Visit IC Markets | Visit Roboforex |
Risk Warning | Your capital is at risk | 68% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | Losses can exceed deposits |
ICICI Direct review
ICICI Direct Pros and Cons
ICICI Direct review
ICICI Direct Regulation and Licensing in more detail
We have checked and ICICI Direct is regulated and supervised by reputable organisations. You are able to check every ICICI Direct supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with ICICI Direct. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.
The brokerage firms have to comply with a variety of rules and criteria that is determined by the jurisdiction’s regulatory authorities, in order to stay licensed and continue operations in those jurisdictions. The whole notion of regulation is to protect ICICI Direct traders and provide safer a trading environment. Financial regulation and license approval is essential.
- Securities and Exchange Board of India (SEBI)
- Member of the Bombay Stock Exchange
ICICI Direct is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as ICICI Direct you should be sure they're legitimate online agent.
Is ICICI Direct Global?
Yes, ICICI Direct is global as ICICI Direct is available in over 194 countries.
ICICI Direct is a global trading platform in the sense that it operates in 194 countries including nations in Europe, Asia, Oceania, and Africa. Major countries ICICI Direct covers include the UK, Germany, Australia, South Africa, Thailand the United States and China. ICICI Direct has a total of more than 2,000,000 users.
ICICI Direct review
ICICI Direct Awards
ICICI Direct have won numerious industry awards over the 28 years they have been operating as a financial broker. We have listed the most notable awards and mentions for ICICI Direct below.
- Best Domestic Equity House 2012
- Best Investment Bank 2008 by Global Finance Magazine
ICICI Direct review
ICICI Direct Fees Explained
- ICICI Direct doesn't charge withdrawal fees.
- ICICI Direct does not charge a fee for inactive accounts.
- ICICI Direct doesn't charge deposit fees.
Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.
How ICICI Direct Fees Compare Against Other Brokers
Broker |
icicidirect
![]() |
eToro
![]() |
IC Markets
![]() |
Roboforex
![]() |
Min Deposit | 0 | 10 | 200 | 1 |
Withdrawal Fees | No | Yes | No | Yes |
Inactivity Fees | No | Yes | No | No |
Deposit Fees | No | No | Varies | No |
CFD Commission Fees | No | Yes | Yes | No |
ICICI Direct Minimum Deposit
ICICI Direct do not require a minimum deposit when opening a ICICI Direct trading account.
Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.
Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make returns some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.
Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.
As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.
Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.
ICICI Direct Withdrawal Fees
ICICI Direct doesn't charge withdrawal fees.
Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.
This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your receiving currency and your payment provider.
For example ICICI Direct allows you to withdraw your funds to Credit cards, Bank Transfer, PayPal, Debit cards.
ICICI Direct Inactivity Fees
ICICI Direct does not charge a fee for inactive accounts.
An account inactivity fee is a fee charged to the registered brokerage client.
Brokers may have certain trading activity requirements that under the terms and conditions of the accounts and clients may have to fulfill.
If a clients trading account does not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.
Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.
If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.
Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.
Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.
ICICI Direct Deposit Fees
ICICI Direct does not charge deposit fees. Although bank / 3rd party merchant fees may apply.
You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee.
The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.
ICICI Direct Commission Fees
ICICI Direct does not charge commission on CFD instruments.
A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.
A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.
Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.
Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.
If a market order is not fulfilled by your brokerage usually no commission is charged.
Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.
ICICI Direct review
What can you trade with ICICI Direct?
Be aware that different entities under the ICICI Direct Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client and the entity that holds the customer account. Additionally, the trading instruments offered by ICICI Direct may vary depending on the trading platform you choose to trade with.
You can trade a wide variety of instruments with ICICI Direct over 5000 instruments infact.
If you are looking for Forex brokers to trade currency pairs on global Forex markets ICICI Direct offer over 0 currency pairs.
Compare ICICI Direct with eToro and IC Markets below.
How ICICI Direct Trading Options Compare Against Other Brokers
Broker |
icicidirect
![]() |
eToro
![]() |
IC Markets
![]() |
Roboforex
![]() |
Instruments Available | 5000 | 2000 | 232 | 100 |
Platforms | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps |
FX / Currencies | ||||
Forex pairs offered | 0 | 50 | 65 | 35 |
Major Forex pairs | No | Yes | Yes | Yes |
Minor Forex pairs | No | Yes | Yes | Yes |
Exotic Forex pairs | No | Yes | Yes | Yes |
Cryptocurrencies (availability subject to regulation) | Yes | Yes | Yes | No |
Commodity CFDs | ||||
Commodities Offered | 14 | 31 | 19 | 21 |
Metals | No | Yes | Yes | Yes |
Energies | No | Yes | Yes | No |
Agricultural | No | Yes | Yes | No |
Indiced & Stock CFDs | ||||
Stocks Offered | 5000 | 2042 | 110 | 0 |
UK Shares | No | Yes | Yes | Yes |
US Shares | Yes | Yes | Yes | Yes |
German Shares | No | Yes | Yes | Yes |
Japanese Shares | No | Yes | Yes | Yes |
Risk Warning |
Visit ICICI Direct
Your capital is at risk |
Visit eToro
68% of retail investor accounts lose money when trading CFDs with this provider. |
Visit IC Markets
Losses can exceed deposits |
Visit Roboforex
Losses can exceed deposits |
ICICI Direct review
Trading on ICICI Direct web platforms and other applications
ICICI Direct offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.
ICICI Direct also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.
See ICICI Direct's platformsIs the ICICI Direct Trading Platform Secure?
ICICI Direct safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. ICICI Direct also urges its clients through its web platform to always look for the SSL security sign (a lock sign) on the browser while operating ICICI Direct.
ICICI Direct Trading Platform Options
ICICI Direct does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.
ICICI Direct offer an their own custom trading platform developed and tested in house. The ICICI Direct trading platform allows traders to track their portfolios, track the current markets, locate trade ideas and place trades.
The ICICI Direct platform allows traders to filter the financial marketplace for trade opportunities that match a criteria.
With ICICI Direct you can look for and examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the ICICI Direct platform including news and quotes. Discover possible trades with the strong charting tools found with ICICI Direct. ICICI Direct is available as downloadable applications or online through the cloud. Monitor your orders with ICICI Direct and receive breaking news in your positions.
ICICI Direct Trading benefits
- Allows hedging
- Offers STP
- Low min deposit
- Offers Negative Balance Protection
ICICI Direct Trading Accounts Offered
Below we give an overview on the account types that ICICI Direct offer. Whatever you are looking to trade the varying ICICI Direct account types will be able to provide you with what you need.
- STP account
Can I try ICICI Direct?
ICICI Direct offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade
Your capital is at risk
ICICI Direct withdrawal and funding methods
Please note that the list of ICICI Direct payment methods below depend on the ICICI Direct Entity and the Clients Country of Residence.
All available ICICI Direct payment methods available to you can be found in your ICICI Direct members area checked on the ICICI Direct website.
ICICI Direct offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about ICICI Direct
ICICI Direct Payment Methods
- ICICI Direct accepts Credit cards
- ICICI Direct accepts Bank Transfer
- ICICI Direct accepts PayPal
- ICICI Direct accepts Debit cards
Broker |
icicidirect
![]() |
eToro
![]() |
IC Markets
![]() |
Roboforex
![]() |
Bank transfer | Yes | Yes | Yes | Yes |
Credit Cards | Yes | Yes | Yes | Yes |
Paypal | Yes | Yes | Yes | No |
Skrill | No | Yes | Yes | Yes |
Payoneer | No | Yes | No | Yes |
Neteller | No | Yes | Yes | Yes |
*please note available ICICI Direct and other broker payment methods depend on the clients country of residence.
How can I start trading with ICICI Direct?
When opening a trading account with ICICI Direct, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ICICI Direct trading platforms here. You will need to provide some basic documentation to prove your identity as part of ICICI Direct onboarding and normal KYC identity checks. These checks are standard practice and help ICICI Direct provide a safe financial environment for their 2,000,000 users.
Your capital is at risk
Performing trades with ICICI Direct
ICICI Direct allow you to execute a minimum of trade of varies. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As ICICI Direct offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
As with most brokers, margin requirements do vary depending on the instruments.
Limiting Your Risk When Trading with ICICI Direct Negative Balance Protection
We should say something about negative balance protection with ICICI Direct. When trading using leverage an adverse move could result in losing more than your trading account balance at ICICI Direct. If your broker is regulated by the FCA Negative Balance Protection should be set in place by your broker as standard. Your ICICI Direct account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.
Education Resources at ICICI Direct
To trade effectively with ICICI Direct, it's important to get a have a good understanding of the ICICI Direct trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with ICICI Direct and externally.
ICICI Direct offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy/sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.
Having an analytical approach may be a good way to approach trading with ICICI Direct.
Take time to look around the ICICI Direct platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.
Customer Support at ICICI Direct
As part of our ICICI Direct review we review customer service options, response times and ICICI Direct trading platform problem resolution effectiveness.ICICI Direct support a wide range of languages including English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文.
ICICI Direct have a D grade support rating because because sometimes the response was slow or our query wasnt answered. ICICI Direct less customer support features compared to other brokers like live chat, phone and email support. email support and supports a limited amount of Languages. Phone support supports a limited amount of Languages.
Livechat Support at ICICI Direct
ICICI Direct does not offer LiveChat Support.
Email Support at ICICI Direct
We sent several emails to ICICI Direct and answer times overall were excellent. The fastest response from ICICI Direct was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with ICICI Direct, but this was our experience sending 10 emails at varying times.
The team resolved and answered our queries. Overall average email support from ICICI Direct.
Phone Support at ICICI Direct
We called ICICI Direct and the call was answered very quickly. The call was answered in less than 5-10 minutes.
The ICICI Direct phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual ICICI Direct team by calling in varying languages. ICICI Direct made an effort to make sure our queries were answered.
Overall the phone support from ICICI Direct was okay.
See how ICICI Direct Support Compares Against Other Brokers
Broker |
icicidirect
![]() |
eToro
![]() |
IC Markets
![]() |
Roboforex
![]() |
Support |
|
|
|
|
Languages | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文 | English, German, Spanish, French, Italian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian |
Learn More | Visit ICICI Direct | Visit eToro | Visit IC Markets | Visit Roboforex |
Risk Warning | Your capital is at risk | 68% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | Losses can exceed deposits |
What you will need to open an account with ICICI Direct
As ICICI Direct is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:
- Be aware that the expiration date of Proof of address document for different entities under ICICI Direct Brand may be different.
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 5 minutes or so to complete the account opening process.
While you might be able to explore ICICI Direct's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with ICICI Direct you can visit the ICICI Direct trading platform here.
CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.icicidirect.com/ on May 20, 2022.
Watch this ICICI Direct Explainer Video
Is ICICI Direct A Good Broker?
We spent over 3 months examining ICICI Direct in depth. Although we found some very useful aspects of the ICICI Direct platform that would be useful to some traders, our overall our feeling is that you would be better served with an alternative to ICICI Direct.
- ICICI Direct have a good track record of offering Equity Trading, Derivatives Trading, Mutual Fund & IPO, Fixed Deposit, Bond, NCD, wealth products.
- ICICI Direct has a history of over 28 years.
- ICICI Direct has a reasonable sized customer support of at least 10.
- ICICI Direct are regulated by the Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange. This means ICICI Direct fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- ICICI Direct have regulation from reputable regulators.
- ICICI Direct has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- ICICI Direct have an international presence in multiple countries. This includes local ICICI Direct seminars and training.
- ICICI Direct are able to hire people from various locations in the world who can better communicate in your local language.
ICICI Direct Risk Disclosure
Your capital is at risk
Trading Risk Disclaimer
Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.
ICICI Direct not quite right?
If after reading this ICICI Direct review, ICICI Direct does not fulfill your needs check out these ICICI Direct Alternatives.
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Related ICICI Direct Vs Comparisons
We have covered allot in this ICICI Direct review, If you want to see how ICICI Direct compares side by side with other brokers check out our ICICI Direct Vs pages.
If you would like to see how ICICI Direct stands up against other brokers you can read some of our ICICI Direct comparisons below. We compare side by side some of our top rated ICICI Direct versus comparisons. Read our indepth ICICI Direct VS pages below.
- ICICIDirect vs eToro
- ICICIDirect vs ICMarkets
- ICICIDirect vs Roboforex
- ICICIDirect vs XTB
- ICICIDirect vs AvaTrade
- ICICIDirect vs Pepperstone
- ICICIDirect vs XM
- ICICIDirect vs FPMarkets
- ICICIDirect vs Trading212
- ICICIDirect vs Plus500
- ICICIDirect vs NordFX
- ICICIDirect vs easyMarkets
- ICICIDirect vs FxPro
- ICICIDirect vs SpreadEx
- ICICIDirect vs AdmiralMarkets
- ICICIDirect vs ThinkMarkets
- ICICIDirect vs HYCM
- ICICIDirect vs Axitrader
- ICICIDirect vs ForexMart
- ICICIDirect vs Eightcap
- ICICIDirect vs ForTrade
- ICICIDirect vs PhoenixMarkets
- ICICIDirect vs ETFinance
- ICICIDirect vs EZINVEST
- ICICIDirect vs FXPrimus
- ICICIDirect vs InteractiveBrokers
- ICICIDirect vs LondonCapitalGroup
- ICICIDirect vs Forex.com
ICICI Direct review
ICICI DIRECT Frequently Asked Questions
Read our detailed ICICI Direct FAQ Section updated for 2022.
Can I try ICICI Direct?
ICICI Direct do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here
What funding methods do ICICI Direct accept?
Please note that the list of payment methods below depend on the ICICI Direct Entity and the Clients Country of Residence.
ICICI Direct offer the following funding payment methods Credit cards, Bank Transfer, PayPal, Debit cards, among other payment methods.
Learn more here
Is ICICI Direct safe?
ICICI Direct are considered safe as they are regulated by and checked for conduct by the Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange. Any payments funded to ICICI Direct accounts by traders are held in a segregated bank account. For added security ICICI Direct use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.
Your capital is at risk
Is ICICI Direct trading good?
ICICI Direct is considered good and reputable to trade with ICICI Direct. ICICI Direct is used by over 2,000,000 traders and ICICI Direct users. ICICI Direct offers Equity trading, Derivatives trading, Mutual Fund & IPO trading, Fixed Deposit trading, Bond trading, NCD trading, and wealth products trading. Minimum deposit with ICICI Direct is 0.
Is ICICI Direct trading Legit?
ICICI Direct was founded in India in 1994. ICICI Direct has been facilitating trade on the financial markets for over 28 years. ICICI Direct offers clients Equity trading, Derivatives trading, Mutual Fund & IPO trading, Fixed Deposit trading, Bond trading, NCD trading, and wealth products trading. All funds deposited to ICICI Direct are held in segregated bank accounts for security. ICICI Direct is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange so can be considered legit.
Is ICICI Direct a good broker?
ICICI Direct is overseen by the top tier financial regulators Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange so can be considered a good broker. ICICI Direct allows Equity trading, Derivatives trading, Mutual Fund & IPO trading, Fixed Deposit trading, Bond trading, NCD trading, and wealth products trading.
Is ICICI Direct trustworthy broker?
ICICI Direct can be considered trustworthy. All money funded to ICICI Direct is placed into a segregated bank account. this means your money in not held by ICICI Direct directly. The broker has no direct access to your funds so cannot misappropriate your money. Also ICICI Direct is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
What is the minimum deposit for ICICI Direct?
The minimum deposit to trade with ICICI Direct is 0.
How long do ICICI Direct withdrawals take?
Withdrawing money from ICICI Direct processing time varies depending on the method but averages 2-5 days.
Is ICICI Direct regulated?
ICICI Direct is regulated by the Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange. Regulatory bodies conduct regular reviews and audits as part of ICICI Direct maintaining their regulatory status. You can learn more about these reviews on the regulator websites.
Is ICICI Direct a market maker?
ICICI Direct is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.
How can I start trading with ICICI Direct?
When opening a trading account with ICICI Direct, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ICICI Direct trading platforms here.
Is my money safe with ICICI Direct?
ICICI Direct is regulated by the Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange. One of the most important criteria for traders when choosing a broker like ICICI Direct is the regulatory body and regulatory status of the broker.
Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.
Regulated brokers are highly unlikely to manipulate market prices due to the regulations imposed. When you send in a withdrawal request to ICICI Direct, this will be honored.
If they violate any regulatory rules their regulated status can be stripped.
Is ICICI Direct a con?
ICICI Direct is regulated and well established having been in business for over 28 years. ICICI Direct is not a con.
Can you make money with ICICI Direct?
Although traders have had great success with ICICI Direct. Trading on the financial markets with ICICI Direct is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.
Does ICICI Direct have fees?
ICICI Direct doesn't charge withdrawal fees. ICICI Direct doesn't charge inactivity fees. ICICI Direct doesn't charge deposit fees.
When was ICICI Direct founded?
ICICI Direct was founded in 1994.
How many people use ICICI Direct?
ICICI Direct is used by over 2,000,000 registered ICICI Direct users.
What is ICICI Direct Headquarters country?
ICICI Direct has its head quarters office in India .
Does ICICI Direct offer negative balance protection?
ICICI Direct offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.
Does ICICI Direct offer guaranteed stop loss?
ICICI Direct does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
Does ICICI Direct allow scalping?
ICICI Direct does not offer scalping.
Does ICICI Direct allow hedging?
ICICI Direct offers hedging.
Does ICICI Direct offer CFD trading?
ICICI Direct does not offer CFD trading.
Does ICICI Direct offer STP?
ICICI Direct offers STP trading.
How many people use ICICI Direct?
ICICI Direct is used by over 2000000 ICICI Direct users and traders.
Is ICICI Direct an ECN broker?
ICICI Direct does not offer ECN trading.
Does ICICI Direct offer a demo account?
ICICI Direct does not offer demo account.
Does ICICI Direct offer an Islamic account?
ICICI Direct does not offer Islamic accounts.
What are the funding methods for ICICI Direct?
Please note that funding methods and funding options available with ICICI Direct can be found in the ICICI Direct Members area and depend on the ICICI Direct client’s country of residence. Please check your specific available payment methods on the ICICI Direct website. ICICI Direct accept the following funding methods : Credit cards, Bank Transfer, PayPal, Debit cards.