ICICI Direct Guide – Read our In-Depth ICICI Direct Review
ICICI Direct Rating: 4.53 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This ICICI Direct review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this ICICI Direct review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the world of trading and brokerage, so many facts will be confusing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You'll get proficient at all the concepts of brokerage since you keep trading. For starters, you have to select the ideal agent who will be clear with you constantly.
Within this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment program will generate hefty returns. ICICI Direct is one such stage which will take you and your investment into great heights. It's important that you know about ICICI Direct before you trust them with your money.
ICICI Direct Review – Brief Overview
ICICI Direct Telephone Number:
ICICI Direct Email Address:
ICICI Direct Address:
Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
Number Of Clients:
2,000,000+ ICICI Direct users and traders
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ICICI Direct Facebook:
ICICI Direct Facebook Likes:
ICICI Direct Twitter:
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Your capital is at risk
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|Regulated By:||Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange|
|Number Of Clients:||2,000,000+ ICICI Direct users and traders|
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|ICICI Direct Twitter:||@|
|ICICI Direct Twitter Followers:||0|
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Your capital is at risk
Our full ICICI Direct Review covers everything you need to know about trading using ICICI Direct. A good broker can multiply your initial investments and provide you positive profits. If you want to make profits, you should trade with a brokerage service that aligns with your investing objectives.
There is no sure-fire way to guarantee profits; thus, you must carefully assess your broker before you select them. It is a common misconception that all agents are exactly the same, but that is not correct. Wrong judgment, initially, can set your investments at risk.
ICICI Direct is a broker which has forged its way successfully to the broker world. In this review, we have attempted to collate a number of the vital aspects of ICICI Direct. This review can allow you to know whether ICICI Direct is a fantastic match for your investments or not. We have attempted to breakdown all of the features and fees for your advantage.
ICICI Direct Review, Table Of Contents
- Who are ICICI Direct?
- Benefits Of Trading With ICICI Direct
- Everything you should know about trading with ICICI Direct
- Is ICICI Direct Safe To Trade With?
- ICICI Direct Risk Disclaimer
- Pro's & Con's Of Trading With ICICI Direct
- Compare Brokers Similar To ICICI Direct
- Regulation And Licencing In More Detail
- ICICI Direct Awards
- Minimum Deposit Required For A Live Account With ICICI Direct
- ICICI Direct Commission And Fees Explained
- Compare broker fees against ICICI Direct
- ICICI Direct Withdrawal Fees Explained
- ICICI Direct Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With ICICI Direct?
- Alternatives To ICICI Direct
- Frequently Asked Questions About ICICI Direct
Who are ICICI Direct?
ICICI Direct is a foreign exchange broker headquartered in India and provides a variety of instruments for trading. Since its establishment in 1994, ICICI Direct has emerged as a top-tier player in the industry of online broker. ICICI Direct includes a highly aggressive and full-featured trading site that's focused on forex, indices, metals, shares, commodities.
Over the past 27 years, ICICI Direct has grown into one of the leading online brokers.
After launching in 1994, their customer base is becoming as big as 2,000,000+ clients.
ICICI Direct is a favourite of many traders.. Our ICICI Direct review found that they're an excellent choice for automated trading options. They're most appropriate for investors that are searching for a variety of assets. Social and automated trading solutions are the heart at ICICI Direct.
Technology plays a significant role at ICICI Direct. ICICI Direct offers trading on Web Trader, Tablet & Mobile apps. ICICI Direct is honest, transparent, and also a well-regulated broker by the Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange. Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
The trader resource section at ICICI Direct is very enlightening for new dealers since it permits them to have a closer look at the financial markets. ICICI Direct caters to all sorts of traders and are a must-have broker for any well-diversified approach to online trading.
ICICI Direct Videos
If you feel that ICICI Direct is not right for you then at the bottom of this ICICI Direct review you wil find a lot of alternatives to ICICI Direct.
What you should know about trading with ICICI Direct
ICICI Direct is a lively platform that provides various techniques of online trading. These tools cover the financial markets considerably. Most of the broker platforms offer less methods than ICICI Direct
If you would like to trade with ICICI Direct, you will need a minimum deposit of $0. This deposit is compulsory if you want to begin trading with ICICI Direct. This 2021 ICICI Direct review will direct you safely about trading with them.
ICICI Direct is as versatile as another brokerage platform. ICICI Direct is excellent for traders who want a manageable array of low-cost services. The platforms supplied by ICICI Direct are third party, white-label offerings. All traders can select out of Web Trader, Tablet & Mobile apps.
Together with everything, ICICI Direct has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a transaction must be kept available. The brokers offer premium customer service which rewards clients with advantages.
Many unethical brokers try to pressurise users into bigger funding for premium services. ICICI Direct, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the further benefits will come along.
ICICI Direct accounts are available all over the world and provides outstanding service everywhere they have customers. There are some select few countries where ICICI Direct accounts are not available. Traders in the following countries cannot open or use a ICICI Direct account:
BR, KR, IR, IQ, SY, JP, US
Is ICICI Direct Safe To Trade With?
Launched in 1994, ICICI Direct has been open for 27 years, they are headquarted in India.
ICICI Direct is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange. These bodies have rules that make sure that trading platforms have measures in place to maintain investor's resources secured. This usually means that ICICI Direct users do not need to worry about their money as it's segregated and safely stored in established banks. SSL encryption simplifies each user's private information as well.
You can make use of a choice for Two Factor Authentications (2FA) with ICICI Direct for increased security. An SMS for the confirmation code will be sent to your mobile phone. You'll be asked to input this code to log into your accounts.
Another concern with financial brokers with respect to safety may be manipulation of trading. This is highly disadvantageous for users on these platforms. However, this is more prevalent in the case of Market Maker brokers who compete with users on the stage.
ICICI Direct Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With ICICI Direct
Every online trading platform will have some ups and downs, and no ICICI Direct review would be complete without showing both sides. This ICICI Direct review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
ICICI Direct Pro's
- ICICI Direct is trusted by 2,000,000+ clients
- ICICI Direct has low minimum deposit requirements
- ICICI Direct doesn't charge withdrawal fees
- ICICI Direct doesn't charge deposit fees
- ICICI Direct doesn't charge CFD fees
- ICICI Direct offers social trading
- ICICI Direct offers copy trading
- ICICI Direct offer trading on Web Trader, Tablet & Mobile apps
- ICICI Direct offer 5000 trading instruments
- ICICI Direct offers trading on cryptocurrencies
- ICICI Direct can communicate in English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce
ICICI Direct Con's
- ICICI Direct does not offer Negative Balance Protection
- ICICI Direct does not offer Guaranteed Stop Loss
- ICICI Direct charge inactivity fees
- ICICI Direct doesn't trade major forex pairs
- ICICI Direct doesn't trade minor forex pairs
- ICICI Direct doesn't trade exotic forex pairs
- ICICI Direct doesn't offer trailing stop
ICICI Direct Review - Compare Brokers Similar To ICICI Direct
|ICICI Direct||titan fx||renesource capital||Nutmeg|
|Rating||4.53 / 10||5 / 10||6.1 / 10||4.56 / 10|
|Headquarters||India||United Kingdom||United States||USA|
|Regulated By||Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F325||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F300||Unregulated|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Your capital is at risk||Your capital is at risk|
ICICI Direct Review - Regulation And Licencing In More Detail
ICICI Direct is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
ICICI Direct, as a business, has a powerful set of rules for ensuring honest trading on its platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, client information is to not be shared with any other institutions or individuals. Including credit history and other financial details.
ICICI Direct Review - AwardsAt the time of writing this ICICI Direct review, and despite ICICI Direct’s impressive offering, the company has surprisingly not garnered any other awards to date.
ICICI Direct Trading Platforms
ICICI Direct are a trustworthy brokerage that has been trading for over 27 years. They offer a large range of options in their customer accounts.
Below we take the main parts of any good broker and compare ICICI Direct with titan fx, renesource capital, and Nutmeg
ICICI Direct Review - Minimum Deposit Required
The minimum deposit that you need to get started on ICICI Direct is $0. This is a decent amount for people just beginning. It's possible to make more complex residue as you cooperate. However, make certain that you understand how to make the most of your cash before investing larger sums.
ICICI Direct Review - Commission And Fees Explained
ICICI Direct is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. That is, an internet broker is not necessarily influenced by the amount of clients they have.
But this does not mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are mainly three different types of penalties for this objective.
The first kind of charges to look out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are charged trading charges. In such instances, you're paying a spread, funding rate, or a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight prices are those who are charged when you hold a leveraged position for longer than daily.
Aside from trading fees, online agents also charge non-trading fees. These are determined by the actions you undertake in your account. They're billed for services like depositing cash, not trading for long periods, or withdrawals.
In general, ICICI Direct does not charge high fees compared to other online brokers. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for those who often trade, such as daily or weekly trading.
However, non-trading fees billed by ICICI Direct are comparatively higher. Consequently, you are charged more for non-trading actions in your trading account, such as deposits and withdrawal. These are not about the sale and purchase of resources.
This ICICI Direct review breaks down each of the relevant non-trading charges for you in detail.
Compare broker fees against ICICI Direct
ICICI Direct Review - Withdrawal Fees ExplainedICICI Direct doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from the ICICI Direct account. You can draw sums up to the sum of your account balance, keeping aside the margin utilized. 1 thing to remember is that you don't necessarily need to have any money in your accounts.
Moreover, the withdrawn money will be moved directly to the account you use to make deposits. Thus, if you used a credit card for deposits, the withdrawn cash will be sent to the card. ICICI Direct will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you're choosing to withdraw in.
ICICI Direct Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions that run through your mind when open an account with ICICI Direct. An inactivity fee is an amount charged to registered dealers that haven't participated in purchasing or selling for some time. The period considered inactive is determined by the agent.
The inactivity fee differs from one broker to another and isn't standardized. If a traders account doesn't have a buying or selling trade, it is claimed by the broker as an inactivity charge. The traders need to pay this commission under terms and conditions they had consented while registering.
ICICI Direct charges an inactivity fee when you don't create any trades for a while.
Even if no charges are implied by ICICI Direct, it's better for you to close the account if you are inactive. Inactivity fees aren't only charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee is contingent on the sort of account you have chosen. The inactivity fee is subjected to many conditions and needs to be disclosed clearly by the broker beforehand.
ICICI Direct Review - Deposit Fees Explained
When you move money into your trading account from your bank account, a deposit fee can be billed by the broker. Most brokers don't charge an excessive amount of money for this particular operation.
ICICI Direct doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the ICICI Direct trading platform is easy. You just need to finish a single-user profile questionnaire to begin depositing money into your trading account. You will need to give an identity evidence and evidence of residency to deposit large amounts.
ICICI Direct Review - Compare Broker Deposit Methods
What Can You Trade With ICICI Direct?
Note: ICICI Direct offers a lot of different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered may differ based on the country of residence of the client.
ICICI Direct has a wide variety of over 5000 instruments available for you to trade with.
If trading forex pairs is of interest to you then ICICI Direct offer over 0 currency pairs.
Compare ICICI Direct, titan fx, renesource capital & Nutmeg below.
Reviewing The ICICI Direct Mobile App
Note: ICICI Direct's mobile app has many functions and is being constantly developed. What follows was correct at the time of writing this ICICI Direct review.
Understand the capabilities of the mobile apps of ICICI Direct, titan fx, renesource capital & Nutmeg below.
Alternatives To ICICI Direct
If, after reading this ICICI Direct review, they don't quite fulfill your requirements check out these ICICI Direct alternatives.
We've scoured the web to find the best alternatives to ICICI Direct. Click on the links below to find out more.
Frequently Asked Questions about ICICI Direct
Can I try ICICI Direct before I buy?
Yes, you can most definitely try ICICI Direct before you buy. ICICI Direct offers demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the system and yourself and your trading strategies.
If you register for a demo account on ICICI Direct, you will set out with a decent amount of virtual money. It's to establish a sense of safety and confidence in you until you choose to invest your own money.
With this digital ICICI Directdemo account, you are able to experiment in any way, to whatever period you wish. You can also open positions, examine different trading approaches, and much more.
ICICI Direct specifies on its official site which you can trade real time stocks in a demo account.
Is ICICI Direct safe?
You can drop all of your worries since we believe that ICICI Direct is completely safe to use. It's in compliance with the principles of Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
Nevertheless, ICICI Direct doesn't provide assured stop-loss protection.
Why does ICICI Direct ask for my passport?
The reason that ICICI Direct asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, ICICI Direct has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, ICICI Direct must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with ICICI Direct?
The process to start trading withICICI Direct is perhaps simple enough to be a cakewalk. You need to begin by signing up on the ICICI Direct website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with ICICI Direct is $0. You should have a good hold over the details of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with ICICI Direct.
The best way to kickstart your trading career with ICICI Direct is to open a demo account facility before risking any real money
What funding methods do ICICI Direct accept?
There are a number of methods to finance your accounts with ICICI Direct. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must bear in mind that PayPal is not available in every place. The monies ICICI Direct
Is my money safe with ICICI Direct?
Yes, your money is safe and secure with ICICI Direct. As you know, ICICI Direct operates with proper conformation to. It's established lots of measures to protect all of its investors.
ICICI Direct protects its customers' private and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you wish to further safeguard your accounts, it is possible to empower Two-Step Verification also. It requires an SMS affirmation that you access your accounts.
Is ICICI Direct trading good?
Yes, trading via ICICI Direct is a nice and good experience indeed. It's an excellent and intuitive platform with useful features for your simplicity. In addition, you can also gain access to a vast selection of educational tools and assistive substance to kickstart your trading expertise.
If you are still skeptical, you can open a eToro demo account and assess the trustworthiness of the platform on your own.
Which Countries does ICICI Direct support?
ICICI Direct operates around the globe. However, due to regulations there are some countries that ICICI Direct can't accept clients from BR, KR, IR, IQ, SY, JP, US
Is ICICI Direct legit?
ICICI Direct is a legit company headquarted in India since 1994. They are regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange. ICICI Direct is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is ICICI Direct a good broker?
ICICI Direct is a great broker, and its users may vouch for this. The highlight of this platform is its quick order execution on transactions.
You will find the clean layout of this platform and the commendable features a pleasure to work with.
Is ICICI Direct a trustworthy broker?
Yes, ICICI Direct is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 2,000,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for ICICI Direct?
The minimum deposit to open a live account with ICICI Direct is $0
How long do ICICI Direct withdrawals take?
Normally, withdrawal of money from ICICI Direct is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from ICICI Direct to show in your bank account.
Are ICICI Direct regulated?
ICICI Direct are regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
Is ICICI Direct a market leading broker?
ICICI Direct is currently one of the business leaders. It supports over 2,000,000+ registered users and over 27 years of expertise on its record. They're one of the world's top trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this status to its incredible platform and broad range of resources plus tools so you may put money into capital markets.
Is ICICI Direct a con?
No, ICICI Direct is not a con. They are regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange and must adhere to their rules. Thus, it is safe to say that ICICI Direct is not a scam.
Can you make money with ICICI Direct?
Through ICICI Direct, many traders make a lot of cash. But typically, through consistent trading, you also can make between 2% - 10% profit a month.
This can look like a little number, but over the year, this adds to a significant amount of gains. Even though ICICI Direct supply you all the tools to make money, they can't guarantee that you will profit.
Does ICICI Direct have fees?
Yes. To begin trading using ICICI Direct, you need to deposit $0. Particular commissions while trading additionally applies. Any processing fees from your bank will need to be incurred by you.
When was ICICI Direct founded?
ICICI Direct was founded in 1994 in India. ICICI Direct is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
How many people use ICICI Direct?
ICICI Direct is a globally recognised broker with 2,000,000+ customers.
Where is the ICICI Direct head office?
ICICI Direct has its head office in India
Does ICICI Direct offer negative balance protection?
No. ICICI Direct doesn't provide negative balance protection. If your balance is unfavorable, ICICI Direct indicates you contact customer services. For this, you can fix any imbalances within your own account.
Does ICICI Direct offer guaranteed stop loss?ICICI Direct regrettably, doesn't provide guaranteed stop loss. ICICI Direct gives an opportunity for its dealers to close their trade at their given price. Apart from that, ICICI Direct doesn't provide guaranteed stop loss.
Does ICICI Direct allow scalping?Yes, ICICI Direct do permit scalping. Many traders throughout the world select ICICI Direct due to their scalping services. They offer trading on Web Trader, Tablet & Mobile apps which let this.
Does ICICI Direct allow hedging?
Yes, ICICI Direct does allow hedging.
Can you trade energies with ICICI Direct?
No, unfortunately you cannot trade energy stock with ICICI Direct
Can you trade agricultural shares with ICICI Direct?
No, unfortunately you cannot trade agricultural stock with ICICI Direct
Can you trade cryptocurrency with ICICI Direct?
Yes, you can trade cryptocurrency with ICICI Direct
Can you trade metals with ICICI Direct?
No, unfortunately you cannot trade metals with ICICI Direct
Can you trade UK Shares with ICICI Direct?
No, unfortunately you cannot trade UK shares with ICICI Direct
Can you trade US Shares with ICICI Direct?
Yes, you can trade US shares with ICICI Direct
Can you trade Japanese Shares with ICICI Direct?
No, unfortunately you cannot trade Japanese shares with ICICI Direct
Can you trade German Shares with ICICI Direct?
No, unfortunately you cannot trade German shares with ICICI Direct
Does ICICI Direct accept bank transfers?
Yes, ICICI Direct accepts bank transfers for depositing money.
Does ICICI Direct accept credit cards?
No, ICICI Direct does not accept credit cards.
Does ICICI Direct accept PayPal?
No, ICICI Direct does not accept PayPal.
Does ICICI Direct accept Skrill?
No, ICICI Direct does not accept Skrill.
Does ICICI Direct accept Payoneer?
No, ICICI Direct does not accept Payoneer.
Does ICICI Direct accept Neteller?
No, ICICI Direct does not accept Neteller.
Does ICICI Direct offer Live Chat customer support?
Yes, ICICI Direct offers customer support through live chat.
Does ICICI Direct offer phone customer support?
Yes, ICICI Direct offers customer support over the telephone.
Does ICICI Direct offer email customer support?
Yes, ICICI Direct offers customer support through email.
What languages can ICICI Direct communicate in?
ICICI Direct has the ability to communicate and support customers who speak: English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce
Does ICICI Direct have a wikipedia page?
No, ICICI Direct does not have an official wikipedia page.
Does ICICI Direct offer demo accounts?
Yes, ICICI Direct offers demo accounts so you can learn their systems before risking any real money. New traders can open a virtual portfolio account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before signing up for a live account.