Comparison –  Indianinfoline Vs ICICI Direct

IIFL ICICI Direct
Year of Incorporation 1996 2000
Exchanges enabled NSE, BSE, MCX-SX, MCX & NCDEX NSE & BSE
Demat (NSDL/CDSL) NSDL/CDSL NSDL & CDSL
Brokerages
Equity 0.05% Intraday & 0.5% Delivery – Negotiable Equity Intraday 0.05% & Delivery 0.25%- Negotiable
Equity Futures 0.05% of Turnover – Negotiable
0.05% of Turnover for Overnight & Intraday only one side- Negotiable
Equity Options Rs 100/lot – Negotiable
Rs 95/lot for Overnight & Rs 25/lot for Intraday – Negotiable
Currency Futures Rs 25/lot – Negotiable
0.05% of Turnover for Overnight & Intraday only one side- Negotiable
Currency Options Rs 10/lot – Negotiable
Rs 95/lot for Overnight & Rs 25/lot for Intraday – Negotiable
Commodity 0.03% – Negotiable NA
Account opening charges
Trading and Demat Rs 750 Rs 975 for 3 in 1 Account
Only Trading NA NA
Commodity Nill NA
Trading Tools
Platforms Mobile/ web/ desktop Mobile/ web/ desktop
Charting 20 Days 20 Days
Margins & Leverage Provided
Equity Upto 20 times Intraday, &3 times for Delivery@interest
Intraday upto 25 times & Delivery upto 5 times for interest
Equity Futures Upto 3 times for Intraday Upto 4 times for intraday
Equity Options Buying no leverage, Shorting upto 3 times Not for buying but upto 2 times for shorting
Currency Futures Upto 2 times for Intraday NA
Currency Options Buying no leverage, Shorting upto 2 times NA
Commodity Upto 3 times for Intraday NA
Serviceable
3 in 1 Account NO YES
Instant Fund withdrawal NO YES
Instant Fund Transfer YES YES
Relationship Managers YES YES