ICICI Direct Review 2020

ICICI Direct Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
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ICICI Direct Guide - Read our In Depth ICICI Direct Review

This ICICI Direct review was written by industry experts with over 20 years of financial experience in Equity Trading, Derivatives Trading, Mutual Fund & IPO, Fixed Deposit, Bond, NCD, wealth products.

What is ICICI Direct?

ICICI Direct are an a global online financial trading platform and multi asset broker founded in 1994

Over 26 years later ICICI Direct has grown to offering retail investors Equity trading, Derivatives trading, Mutual Fund & IPO trading, Fixed Deposit trading, Bond trading, NCD trading, and wealth products trading.

ICICI Direct are a global broker and have a head office in India.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this ICICI Direct review and assess how well the ICICI Direct platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like ICICI Direct can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of ICICI Direct we breakdown the pros and cons. What ICICI Direct are able to offer, what countries ICICI Direct are available in. Who ICICI Direct are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this ICICI Direct review useful.

This review of the ICICI Direct platform is very detailed. If you are interested in trading with ICICI Direct in any capacity please take the time to read and research the whole ICICI Direct review.

We have tried to explain the ins and outs of financial trading through the ICICI Direct platform as plainly as possible so that you the trader are as informed as possible before you start to use the ICICI Direct trading tools and depositing and withdrawing funds from ICICI Direct.

Benefits of trading with ICICI Direct

Open ICICI Direct's Website

Your capital is at risk

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with ICICI Direct like Equity trading, Derivatives trading, Mutual Fund & IPO trading, Fixed Deposit trading, Bond trading, NCD trading, and wealth products trading. you should have confidence in ICICI Direct and know that the management of your financial investments on the ICICI Direct platform is in good hands.

At the bottom of this ICICI Direct review you can also learn about some pretty good alternatives to ICICI Direct

With this ICICI Direct review we hope to help you see if ICICI Direct is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding ICICI Direct that will help you get off to a good start in the world of online trading.

ICICI Direct Review Table of Contents

ICICI Direct review
ICICI Direct is a Multi-Assets Trading Platform with over 5000+ Assets

Learn more about ICICI Direct. 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. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Equity Trading, Derivatives Trading, Mutual Fund & IPO, Fixed Deposit, Bond, NCD, wealth products are considered financial assets.

ICICI Direct review
Features of ICICI Direct

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.

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.

ICICI Direct review
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 26 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 will not manipulate market prices. 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.

ICICI Direct review
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 financial regulators utilize tier one banks because they are able to withstand unexpected financial 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 safe 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 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 regrding 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

Your capital is at risk

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 XTB
Year Established 1994 2006 2007 2002
Head Office India Cyprus, UK Australia Poland
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) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 2,000,000+ ICICI Direct users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit ICICI Direct Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

ICICI Direct review
ICICI Direct Pros and Cons

What we like about ICICI Direct

  • Used by over 2,000,000 ICICI Direct users and traders
  • Established in 1994
  • Regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
  • Min. deposit from $0

What we don't like about ICICI Direct

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 determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect ICICI Direct traders and provide a safe trading environment.

  • Securities and Exchange Board of India (SEBI)
  • Member of the Bombay Stock Exchange

ICICI Direct is 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.

ICICI Direct review
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 nations 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 26 years they have been operating as a financial broker. We list the most notible 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 fees.

How ICICI Direct Fees Compare Against Other Brokers

Broker icicidirect eToro IC Markets XTB
Min Deposit 0 200 200 0
Withdrawal Fees No Yes No varies
Inactivity Fees No Yes No No
Deposit Fees No No Varies No
CFD Commission Fees No No Yes Yes

ICICI Direct review
ICICI Direct Minimum Deposit

ICICI Direct do not require a minimum desposit 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 some way, so transaction commissions and other 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 review
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 and processing times.

ICICI Direct for example allow you to withdraw your funds to Credit cards, Bank Transfer, PayPal, Debit cards.

ICICI Direct review
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, clients may have to fulfill.

If a clients trading account dues 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 review
ICICI Direct Desposit Fees

ICICI Direct does not charge deposit fees.

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 review
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 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.

You can trade a wide variety of instruments with ICICI Direct over 5000 instruments infact.

If you are looking at trading currency pairs ICICI Direct offer over 0 currency pairs.

Compare ICICI Direct with eToro and IC Markets below.

Your capital is at risk

How ICICI Direct Trading Options Compare Against Other Brokers

Broker icicidirect eToro IC Markets XTB
Instruments Available 5000 2000 232 4000
Platforms Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 0 50 65 50
Major Forex pairs No Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs        
Commodities Offered 14 31 19 21
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 5000 957 100 1696
UK Shares No Yes No 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
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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 platforms

ICICI Direct review
Is 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) o the browser while operating ICICI Direct.

ICICI Direct review
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 :

  • STP account

Can I try ICICI Direct before I buy?

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.

ICICI Direct offer the below funding payment methods. 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 XTB
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes No Yes
Neteller No Yes Yes Yes

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.

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. 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.

ICICI Direct offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing 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

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 XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email 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, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit ICICI Direct Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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 Please kindly note 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 3 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 the loss of your 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 December 01, 2020.

ICICI Direct review
Watch this ICICI Direct Explainer Video

ICICI Direct review
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. Overall our feeling is that you would be better served with an alternative ICICI Direct broker.

  • 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 26 years.
  • ICICI Direct has a reasonable sized customer support of at least 10.
  • ICICI Direct are regulated by 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 a Tier 1 reputable country.
  • 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 Disclaimer

Your capital is at risk

ICICI Direct review
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.

Click here to view the best ICICI Direct Alternatives

We have spent years researching the best alternatives to ICICI Direct. Click the links below to learn more.

If you feel some of the above ICICI Direct are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of ICICI Direct alternatives below.

ICICI Direct review
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.

ICICI Direct review
ICICI DIRECT Frequently Asked Questions

Can I try ICICI Direct before I buy?

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

Your capital is at risk

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.

Is ICICI Direct trading good?

ICICI Direct is considered good and reputable to trade with ICICI Direct. ICICI Direct is used by over 2000000 active 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 26 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 tier 1 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 tier 1 bank account. this means your money in not held by ICICI Direct directly but a tier 1 bank. 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 but averages 2-5 days.

Is ICICI Direct regulated?

ICICI Direct is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.

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 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 will not manipulate market prices. 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 26 years. ICICI Direct is definitely 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 2000000 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?

ICICI Direct accept the following funding methods : Credit cards, Bank Transfer, PayPal, Debit cards.

ICICI Direct review written by Andrew Blumer and Mark Hansen

We hope you found our review of the ICICI Direct brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

ICICI Direct review written by Mark Hansen of Comparebrokers.co