ICICI Direct vs Roboforex, for 2024
ICICI Direct Rating
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Roboforex Rating
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Your capital is at risk |
58.42% of retail investor accounts lose money when trading CFDs with this provider. |
ICICI Direct vs Roboforex Guide |
Read our In-Depth ICICI Direct vs Roboforex Review - Updated for 2024
Our ICICI Direct vs Roboforex review has been refreshed to reflect any changes for 2024 by industry experts boasting years of financial experience in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of ICICI Direct vs Roboforex does not apply to all countries as follows:
ICICI Direct Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Roboforex Excluded Countries
United States of America, and Japan.
Compare ICICI Direct vs Roboforex
Every trading platforms feature some advantages and disadvantages, and any comprehensive analysis of ICICI Direct vs Roboforex cannnot be complete without having an objective perspective.
Assess Roboforex and ICICI Direct in order to understand how they line up to each before you choose to open an account. Conducting a comprehensive comparison will bring aspects into perspective so that you are cognizant of the expectations.
So you are looking for an online trading platform and are choosing between ICICI Direct or Roboforex. Who is better in 2024?
Our ICICI Direct vs Roboforex comparison contains the most recent information so you can easily compare Roboforex against ICICI Direct.
If you are a new entrant in the realm of trading and brokers, so many facts will be perplexing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You will get proficient at all the concepts of brokerage since you continue trading. For starters, you have to choose the right broker who'll be transparent with you always.
In this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. ICICI Direct and Roboforex are just two such trading platforms that will take you and your investment into great heights. It is crucial that you compare ICICI Direct vs Roboforex before you trust them with your cash.
Our ICICI Direct vs Roboforex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ICICI Direct and Roboforex side by side.
Our entire ICICI Direct vs Roboforex Review covers all you need to know about trading using either ICICI Direct or Roboforex. A fantastic broker can multiply your initial investments and give you favorable profits. If you would like to make profits, you must trade with a broker service that contrasts with your investment objectives.
There's absolutely no sure-fire method to ensure profits; therefore, you should carefully analyze your agent before you choose them. It's a frequent misconception that all brokers will be the same, but that's not true. Wrong judgment, in the beginning, can put your investments in danger.
ICICI Direct and Roboforex are both brokers which have found their way successfully into the brokerage world. Within this review, we've tried to collate a number of the important facets of both ICICI Direct and Roboforex. This review can allow you to understand whether either Roboforex or ICICI Direct is a good fit for your own investments or not. We have attempted to breakdown all the features and charges for your advantage.
Benefits of ICICI Direct and Roboforex Compared
ICICI Direct offers a minimum deposit of $0 while Roboforex has a $1 minimum deposit.
Why smaller minimum deposits are good and how ICICI Direct and Roboforex compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
ICICI Direct has around 5000 financial instruments whilst Roboforex allows you to trade around 5000 financial instruments on their platform.
The more financial instruments you can trade on the ICICI Direct and Roboforex platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of ICICI Direct or Roboforex.
ICICI Direct and Roboforex Contact Details
Being able to contact a broker simply is important. ICICI Direct and Roboforex have the following contact details and social medias that you can use.
Broker | ICICI Direct | Roboforex |
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Telephone Number | +65 3158 8389 | |
info@roboforex.com | ||
Address | 2118 Guava Street, Belama Phase 1, Belize City, Belize | |
ICICI Direct Twitter Account | Roboforex Twitter Account | |
ICICI Direct Facebook Page | Roboforex Facebook Page | |
ICICI Direct Instagram Account | Roboforex Instagram Account | |
ICICI Direct LinkedIn Page | Roboforex LinkedIn Page | |
YouTube | ICICI Direct YouTube Channel | Roboforex YouTube Channel |
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Roboforex and ICICI Direct Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing ICICI Direct and Roboforex will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
ICICI Direct vs Roboforex - Awards
Broker | ICICI Direct | Roboforex |
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Awards | At the time of writing this ICICI Direct review, and despite ICICI Direct’s impressive offering, the company has surprisingly not garnered any awards to date. |
Roboforex have won many industry awards over the years they have been running as an online broker. We detail the most recognised awards for Roboforex here.
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ICICI Direct vs Roboforex - Frequently Asked Questions
ICICI Direct vs Roboforex - Headquarters And Year Of Founding
ICICI Direct was founded in 1994 and has its head office in India.
Roboforex was founded in 2009 and has its headquaters in Belize.
What is the minimum deposit for Roboforex or ICICI Direct
The minimum deposit for ICICI Direct is $0.
The minimum deposit for Roboforex is $1.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both ICICI Direct and Roboforex are a good option.
ICICI Direct vs Roboforex - Regulation And Licencing In More Detail
ICICI Direct is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
Roboforex is regulated by RoboForex Ltd is a financial brokerage company regulated by the FSC, license No. 000138/437, reg. number 128.572. Address: 2118 Guava Street, Belama Phase 1, Belize City, Belize. .
Both ICICI Direct and Roboforex have a powerful set of rules for ensuring fair trading onto their platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy policies, client data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare ICICI Direct vs Roboforex Commission And Fees
ICICI Direct and Roboforex are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled much better. In other words, an internet broker isn't necessarily influenced by the amount of customers they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly three different types of penalties for this objective.
The first kind of fees to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you're charged trading charges. In these instances, you are spending a spread, financing rate, or a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread denotes the gap between the buying and selling cost. Funding or overnight prices are people who are charged when you maintain a leveraged position for more than a day.
Aside from trading fees, online agents also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They're billed for surgeries like depositing money, not investing for long periods, or withdrawals.
Generally, neither ICICI Direct or Roboforex charge high fees compared to other online agents. For operations other brokers fee for, they either do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who regularly exchange, for example daily or weekly trading.
However, non-trading fees billed by ICICI Direct and Roboforex are comparatively greater. Consequently, you're billed more for non-trading actions in your trading accounts, such as withdrawal and deposits. These are not about the sale and purchase of assets.
This ICICI Direct vs Roboforex review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For ICICI Direct And Roboforex
What Languages Do ICICI Direct And Roboforex Support?
Being able to communicate easily with your trading broker is a key part of comparing trading platforms to find the best trading partner. Not only for support but to be sure you understand everything on their website and inside their app as it is a key part of success when trading online.
Here you can find all the languages that both ICICI Direct and Roboforex offer communication in.
How Many Clients Do ICICI Direct and Roboforex Have?
Both ICICI Direct and Roboforex are well established with their customer base. It is really important to work with a broker that is professional and one of the easiest ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many users ICICI Direct and Roboforex are working with
Broker | ICICI Direct | Roboforex |
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Clients / Users | 2,000,000+ | 10,000+ |
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What Payment Methods Do ICICI Direct and Roboforex Accept?
ICICI Direct and Roboforex both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at ICICI Direct and Roboforex
What Can You Trade With ICICI Direct and Roboforex?
ICICI Direct offers 5000 trading instruments whilst Roboforex offers 12000.
Below you will find a full breakdown of what both ICICI Direct and Roboforex offer.
ICICI Direct Review
ICICI Direct vs Roboforex:
Table Of Contents
- Compare ICICI Direct vs Roboforex
- Benefits of ICICI Direct and Roboforex Compared
- Roboforex and ICICI Direct Mobile App Comparison
- ICICI Direct vs Roboforex - Awards
- ICICI Direct vs Roboforex - Frequently Asked Questions
- What is the minimum deposit for Roboforex or ICICI Direct
- ICICI Direct vs Roboforex - Regulation And Licencing In More Detail
- Compare Broker Fees For ICICI Direct And Roboforex
- What Languages Do ICICI Direct And Roboforex Support?
- How Many Clients Do ICICI Direct and Roboforex Have?
- What Payment Methods Do ICICI Direct and Roboforex Accept?
- What Can You Trade With ICICI Direct and Roboforex?