Comparison –  ICICI Direct Vs Way2Wealth

ICICI Direct Way2wealth
Year of Incorporation 2000 1984
Exchanges enabled NSE & BSE NSE, BSE, MCX-SX, MCX, & NCDEX
Demat (NSDL/CDSL) NSDL & CDSL NSDL, CDSL
Brokerages
Equity Equity Intraday 0.05% & Delivery 0.25%- Negotiable
0.04% for Intraday, 0.4% for Delivery – Negotiable
Equity Futures 0.05% of Turnover for Overnight & Intraday only one side- Negotiable 0.04% of Turnover – Negotiable
Equity Options Rs 95/lot for Overnight & Rs 25/lot for Intraday – Negotiable Rs 50/lot – Negotiable
Currency Futures 0.05% of Turnover for Overnight & Intraday only one side- Negotiable 0.04% of Turnover – Negotiable
Currency Options Rs 95/lot for Overnight & Rs 25/lot for Intraday – Negotiable Rs 50/lot – Negotiable
Commodity NA 0.04% of Turnover – Negotiable
Account opening charges
Trading and Demat Rs 975 for 3 in 1 Account NA
Only Trading NA 350
Commodity NA 100
Trading Tools
Platforms Mobile/ web/ desktop Mobile/ web/ desktop
Charting 20 Days 22 days on NEST
Margins & Leverage Provided
Equity Intraday upto 25 times & Delivery upto 5 times for interest
Upto 6 times for Intraday, 0 for Delivery
Equity Futures Upto 4 times for intraday Upto 2 times for Intraday
Equity Options Not for buying but upto 2 times for shorting No Leverage
Currency Futures NA Upto 2 times Intraday
Currency Options NA No Leverage
Commodity NA Upto 3 times Intraday
Serviceable
3 in 1 Account YES No
Instant Fund withdrawal YES No
Instant Fund Transfer YES YES
Relationship Managers YES YES