FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
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Finvasia Vs ICICIDirect Vs Zerodha: Which one is better?

The brokerage of Finvasia ranges between Rs 0, the brokerage of ICICIDirect ranges between Rs. 20, while the brokerage of Zerodha ranges between Rs 20. The broker Finvasia and Zerodha are discount brokers where ICICIDirect is a full service broker. Overall rating for Finvasia is 4, ICICIDirect is rated 4, Zerodha is rated 4.5 out of 5.

Here we present side-by-side comparison of Finvasia vs ICICIDirect vs Zerodha stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Finvasia vs ICICIDirect vs Zerodha on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Finvasia vs ICICIDirect vs Zerodha in this setion with 360 degree view of broker information.

Compare Finvasia vs ICICIDirect vs Zerodha on Service

  Finvasia Compare
Finvasia
ICICIDirect Compare
ICICIDirect
Zerodha Compare
Zerodha
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Full Service Broker Discount Broker
Exchanges Supported BSE, NSE, MCX, NCDEX NSE, BSE, MCX NSE, BSE, MCX
Broker Overview Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S... Know more about Finvasia ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec...Know more about ICICIDirect Zerodha is India's leading discount broker offering free account opening, free equity and mutual fund investment, Rs 20 flat brokerage trading, and a user-friendly Kite trading platform.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Finvasia vs ICICIDirect vs Zerodha on Trading & Demat Account Opening Charges

In this section we have compared Finvasia vs ICICIDirect vs Zerodha on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - Finvasia charges Free as AMC for Demat account, ICICIDirect charges Rs 300 per annum AMC for Demat account, where Zerodha charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Finvasia vs ICICIDirect vs Zerodha
Charges Finvasia ICICIDirect Zerodha
Trading Account Opening Fees Free Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Free Rs 300 per annum Rs 300 PA
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Finvasia vs ICICIDirect vs Zerodha on Plan Options

Plans are the most important feature you look when compare Finvasia vs ICICIDirect vs Zerodha. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ICICIDirect offers Multiple Plans where Finvasia and Zerodha doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare Finvasia vs ICICIDirect vs Zerodha on Plan Options
Plan Types Finvasia ICICIDirect Zerodha
Multiple Plans No Yes No
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Zerodha Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Finvasia vs ICICIDirect vs Zerodhaon Brokerage Charges

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.

Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

Brokerage Charges - Compare Finvasia vs ICICIDirect vs Zerodha
Brokerage Charges Compare Finvasia ICICIDirect Zerodha
Plan Name Zero Brokerage Trading Plan NEO Flat Discount Brokerage Plan Max Rs 20 per order Trading Plan
Equity Delivery Rs 0 0.55% Free
Equity Intraday Rs 0 Flat Rs. 20 per order 0.03% or Rs 20 whichever is lower
Equity Futures Rs 0 Free (Rs. 0 brokerage) 0.03% or Rs 20 whichever is lower
Equity Options Rs 0 Flat Rs. 20 per order Flat Fee Rs 20
Currency Futures Rs 0 Flat Rs. 20 per order 0.03% or Rs 20 whichever is lower
Currency Options Rs 0 Flat Rs. 20 per order Flat Fee Rs 20
Commodity Trading Rs 0 Flat Rs. 20 per order Flat Fee Rs 20
Minimum Brokerage NA Rs 35 per trade NIL
Hidden Charges No Yes
Call & Trade Charges Free First 20 call free and Rs 25 there onwards. Rs 50 Per Executable Order
Auto Square off Charges Free First 20 call free and Rs 25 there onwards. Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for Finvasia Brokerage Calculator for ICICIDirect Brokerage Calculator for Zerodha
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Share Broker's Transaction Charges

Compare Finvasia vs ICICIDirect vs Zerodha on Transaction Charges

Compare Finvasia vs ICICIDirect vs Zerodha on transaction charges and PCM fee by segment.

Transaction Charges - Compare Finvasia vs ICICIDirect vs Zerodha
Transaction Charges Compare Finvasia ICICIDirect Zerodha
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr NA Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for finvasia Complete Brokerage Plans for icicidirect Complete Brokerage Plans for zerodha
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Account Features

Compare Finvasia vs ICICIDirect vs Zerodha on Account Features

Compare Finvasia vs ICICIDirect vs Zerodha on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect offers 3-in-1 Account where Finvasia and Zerodha offers only 2-in-1 account which includes trading and demat account. Margin Funding - ICICIDirect offers margin funding where Finvasia and Zerodha doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.

Account Features - Finvasia vs ICICIDirect vs Zerodha
Account Features Compare Finvasia ICICIDirect Zerodha
3 in 1 Account No Finvasia have 2-in-1 account. Only Demate and Trading account. Yes, Finvasia have 3-in-1 accounts. Bank Account, Demat and Trading account. No Zerodha have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes Yes
Algo Trading Yes No Yes
SMS Alerts No Yes No
Online Demo Yes Yes Yes
Online Portfolio Yes Yes Yes
Margin Trading Funding Available No Yes No
Combined Ledger for Equity and Commodity Yes No Yes
Intraday Square-off Time 3:15 PM 3:15PM 3:20 PM
NRI Trading Yes Yes Yes
Other Features NIL NIL NIL
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Trading Platform

Compare Finvasia vs ICICIDirect vs Zerodhaon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Finvasia vs ICICIDirect vs Zerodha. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.

Trading Platform - Compare Finvasia vs ICICIDirect vs Zerodha
Trading Platform Compare Finvasia ICICIDirect Zerodha
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://trade.finvasia.com/

https://www.icicidirect.com

Zerodha Kite Web

Web Trading Demo Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Trading Yes Yes Yes
Mobile Trading App SCALPERT ICICI direct Mobile Zerodha Kite App
Mobile Trading App Demo SCALPERT Demo ICICI direct Mobile Demo Zerodha Kite App Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod SCALPERT Download Andriod ICICI direct Mobile Download Andriod Download
iPhone Mobile App (IOS) No Yes Yes
iOS App Download Info Not Available iOS ICICI direct Mobile Download iOS Zerodha Kite App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) No Yes Yes
Trading Software Charges Basic platforms are free, advance platforms are chargeable. Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Finvasia Equity Intraday and Delivery Brokerage Calculator for ICICIDirect Equity Intraday and Delivery Brokerage Calculator for Zerodha
Futures Brokerage Calculator Futures Brokerage Calculator for Finvasia Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Zerodha
Options Brokerage Calculator Options Brokerage Calculator for Finvasia Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Zerodha
Detail Detail on Trading Platforms for finvasia Detail on Trading Platforms for icicidirect Detail on Trading Platforms for zerodha

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Broker Ratings by Users

Compare Finvasia vs ICICIDirect vs Zerodha on User Rating

  Finvasia ICICIDirect Zerodha
  17 Customer Reviews    Rate Finvasia 267 Customer Reviews    Rate ICICIDirect 160 Customer Reviews    Rate Zerodha
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Finvasia is Rated 4.2 / 5 based on 17 customer reviews ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Zerodha is Rated 3.9 / 5 based on 160 customer reviews
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Investment Offerings

Compare Finvasia vs ICICIDirect vs Zerodha on Investment Offerings

Compare Finvasia vs ICICIDirect vs Zerodha on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Finvasia and Zerodha offers Commodity Trading where ICICIDirect doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - ICICIDirect offers PMS facility where Finvasia and Zerodha doesn't offers PMS facility.

Investment Offerings - Compare Finvasia vs ICICIDirect vs Zerodha
Investment Offerings Compare Finvasia ICICIDirect Zerodha
Equity Cash and F&O Yes Yes Yes
Currency Deravitives Yes Yes Yes
Commodity Yes No Yes
Online IPO Application Yes Yes Yes
Mutual Funds Yes Yes Yes
Bond / NCD Yes Yes Yes
ETF Yes Yes Yes
Banking No Yes No
Insurance No Yes No
Forex No No No
MF SIP Investment Yes Yes Yes
Equity SIP Investment No Yes Yes
PMS Service No Yes No
Other Investment Options NIL NIL NIL
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Customer Service Offered

Compare Finvasia vs ICICIDirect vs Zerodha on Customer Service

Compare Finvasia vs ICICIDirect vs Zerodha on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare Finvasia vs ICICIDirect vs Zerodha
Customer Service Compare Finvasia ICICIDirect Zerodha
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat Yes No No
Phone Support Yes Yes Yes
Toll Free Number No No No
Through Branches No Yes Yes
Customer Care Number Support: +91 9779 097 777/Sales: +91 9098 001 001 1860 123 1122 "+ 91 80 4040 2020"
Account Opening Process Online/Paperless Online Online/Paperless
Customer Support Email [email protected]/[email protected] [email protected] [email protected]
Knowledge Center/Education https://finvasia.com/announcements https://www.icicidirect.com/knowledge-center https://zerodha.com/varsity/
Head Office Address Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
Website https://www.finvasia.com/ https://www.icicidirect.com https://zerodha.com/
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Tips/Research/Reports Published

Compare Finvasia vs ICICIDirect vs Zerodha on Research Reports, Tips

Compare Finvasia vs ICICIDirect vs Zerodha on research reports and tips provided by broker.

Research Reports - Compare Finvasia vs ICICIDirect vs Zerodha
  Finvasia ICICIDirect Zerodha
Research Mutual Funds No Yes No
Research Equity Reports No Yes No
Research ETF No Yes No
Daily Market Report No Yes No
Free Tips No Yes No
Quarterly Result Analysis No Yes No
News Alerts No Yes No
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Demat Account

Compare Finvasia vs ICICIDirect vs Zerodha on Demat Account

Compare Finvasia vs ICICIDirect vs Zerodha on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Finvasia vs ICICIDirect vs Zerodha
  Finvasia ICICIDirect Zerodha
DP Source CDSL CDSL CDSL
DP ID 84300 14301 81600
Demat Account Annual Maintenance Charges(AMC) Free ₹700 pa ₹300 pa
Advance Deposit Rs 0 Rs. 7500/- , If the client is not having ICICI BANK Account Nil
Statutory charges Nil Nil ₹50
Transaction Charges on Debit (Per ISIN) ₹9 + ₹5.50 (CDSL Charges) for every transaction 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) ₹8 + ₹5.50 (CDSL Charges) per transaction
Demat ₹15 per certificate ₹50 per set up ₹150 per certificate + ₹100 courier charges
Remat ₹15 for every hundred securities + CDSL Charges ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹150 per certificate + ₹100 courier charges + CDSL Charges
Pledge Creation ₹25 per transaction 0.02% (Min ₹35 and Max ₹25,000) ₹20 + ₹12 CSDL charges
Pledge Creation Confirmation NIL 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Closure ₹25 per transaction 0.02% (Min ₹35 and Max ₹25,000) ₹20 + ₹12 CSDL charges
Pledge Closure Confirmation NIL 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Invocation ₹19 per transaction 0.02% (Min ₹35 and Max ₹25,000) ₹20
Failed Instruction Charges ₹49 ₹30 per transaction ₹50 per instraction
Other Charges
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Special Offers,Advantages,Disadvantages

Compare Finvasia vs ICICIDirect vs Zerodha on Special Offers and Promotion

Compare Finvasia vs ICICIDirect vs Zerodha on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Finvasia vs ICICIDirect vs Zerodha on Special Offers and Promotion
  Finvasia ICICIDirect Zerodha
Likes

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

Detail Review...

  • 100% digital and paperless 3-in-1 account opening facility.
  • Trade on the BSE, NSE, MCX, and invest in other products.
  • Multiple brokerage plans for residents and NRI trading.
  • All kinds of trading platforms across web, app, and desktop versions.
  • Invest in mutual funds for free with ICICIdirect Money App.
  • Expert research calls and recommendations.
  • Sell stocks and get cash instantly with the e-ATM facility.
  • Advanced orders like bracket order, cover order, after market order, and basket order.
  • Place Valid Till Cancelled (VTC) order, valid for 45 days.
  • Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners.
  • Margin funding
  • Loans on securities.
  • Dedicated customer services.

Detail Review...

You will enjoy many benefits or advantages while trading with Zerodha;

  • Rs 0 brokerage on investment in stocks
  • Flat Rs 20 intraday and F&O trades
  • Invest in direct mutual funds for free
  • Instant and paperless account opening and closure
  • Mainboard and SME IPO Apply via UPI
  • Modern platforms and apps for free of cost
  • Varsity, a free stock market learning platform
  • No upfront fee required
  • Advance orders; Basket order, Cover order (CO), After market order, GTT, etc.
  • Zero-level Debt Company.

Detail Review...

Dislikes

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

Detail Review...

  • High brokerage charges.
  • The broker levies a minimum brokerage fee, which varies across brokerage plans.
  • NEO flat discount brokerage plan (Rs. 20) charges a one-time subscription fee of Rs. 299.
  • Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.

Detail Review...

  • No intraday tips, equity research and advisory
  • No unlimited zero brokerage plan for intraday traders
  • No 3-in-1 account
  • Software glitches in Kite happens at certain times.
  • No Installable trading terminal
  • Zerodha has a separate platform for every investment product i.e., Kite for stocks, coin for mutual fund, Golden Pi for bonds, etc.

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading. Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
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