ICICI Direct vs SpreadCo, Who's The Best?
ICICI Direct Rating
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SpreadCo Rating
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Your capital is at risk |
Losses can exceed deposits |
ICICI Direct vs SpreadCo Guide |
Read our In-Depth ICICI Direct vs SpreadCo Review - for 2024
This ICICI Direct vs SpreadCo review has been revised to reflect any changes for 2024 by industry experts boasting years of expertise across CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of ICICI Direct vs SpreadCo 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.
SpreadCo Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare ICICI Direct vs SpreadCo
Each trading platforms has a few advantages and disadvantages, and any comprehensive analysis of ICICI Direct vs SpreadCo cannnot be complete without adopting an objective perspective.
Examine ICICI Direct and SpreadCo to get a better understanding of the way these platforms compare with one another before you decide to open an account. Performing a comparative analysis will put things into perspective in order that you are cognizant of what you should anticipate.
So you are looking for an online trading platform and are choosing between ICICI Direct or SpreadCo. Who should you choose?
Our ICICI Direct vs SpreadCo comparison contains the most recent information so you can easily compare SpreadCo against ICICI Direct.
If you are a new entrant in the realm of trading and brokerages, so many nuances will be perplexing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You will acquire proficient at all of the concepts of brokerage as you keep trading. For starters, you have to select the right agent who'll be transparent with you always.
Within this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. ICICI Direct and SpreadCo are two such platforms that will take you along with your investment to great heights. It's crucial that you compare ICICI Direct vs SpreadCo until you trust them with your money.
Our ICICI Direct vs SpreadCo comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ICICI Direct and SpreadCo side by side.
Our entire ICICI Direct vs SpreadCo Review covers all you will need to learn about trading using either ICICI Direct or SpreadCo. A fantastic agent can multiply your first investments and give you favorable profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investing goals.
There's absolutely no sure-fire way to ensure profits; thus, you should carefully analyze your agent before you select them. It is a frequent misconception that all agents are exactly the same, but that's not correct. Wrong judgment, initially, can set your investments at risk.
ICICI Direct and SpreadCo are both brokers which have paved their way successfully into the broker world. Within this review, we have attempted to collate a number of the important aspects of both ICICI Direct and SpreadCo. This review can help you to understand whether either SpreadCo or ICICI Direct is a good fit for your investments or not. We've tried to breakdown all of the qualities and fees for your advantage.
Benefits of ICICI Direct and SpreadCo Compared
ICICI Direct offers a minimum deposit of $0 while SpreadCo has a $100 minimum deposit.
Why smaller minimum deposits are good and how ICICI Direct and SpreadCo 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 allows you to trade around 5000 financial instruments whilst SpreadCo has around 5000 financial instruments available.
The more instruments you can trade on the ICICI Direct and SpreadCo 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 never want to miss out on a trading opportunity due to the limitations of ICICI Direct or SpreadCo.
ICICI Direct and SpreadCo Contact Details
Being able to contact a broker through many ways is important. ICICI Direct and SpreadCo have the following contact details and social medias that you can use.
Broker | ICICI Direct | SpreadCo |
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Telephone Number | ||
Address | ||
ICICI Direct Twitter Account | SpreadCo Twitter Account | |
ICICI Direct Facebook Page | SpreadCo Facebook Page | |
ICICI Direct Instagram Account | SpreadCo Instagram Account | |
ICICI Direct LinkedIn Page | SpreadCo LinkedIn Page | |
YouTube | ICICI Direct YouTube Channel | SpreadCo YouTube Channel |
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SpreadCo and ICICI Direct Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of ICICI Direct and SpreadCo we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of the apps as better than 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 have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
ICICI Direct vs SpreadCo - Awards
ICICI Direct vs SpreadCo - Frequently Asked Questions
ICICI Direct vs SpreadCo - Headquarters And Year Of Founding
ICICI Direct was founded in 1994 and has its head office in India.
SpreadCo was founded in 2005 and has its head office in London.
What is the minimum deposit for SpreadCo or ICICI Direct
The minimum deposit for ICICI Direct is $0.
The minimum deposit for SpreadCo is $100.
Depending on your circumstances, 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 SpreadCo are a good choice.
ICICI Direct vs SpreadCo - Regulation And Licencing In More Detail
ICICI Direct is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
SpreadCo is regulated by Financial Conduct Authority (FCA).
Both ICICI Direct and SpreadCo have a powerful set of rules for ensuring honest trading onto their individual platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their privacy policies, customer data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare ICICI Direct vs SpreadCo Commission And Fees
ICICI Direct and SpreadCo are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online trading platforms are scaled better. In other words, an online broker isn't necessarily influenced by the amount of clients they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are mainly three different types of fees for this objective.
The first kind of charges to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In such cases, you're spending a spread, funding speed, or a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Funding or overnight rates are those who are billed when you hold a leveraged position for more than a day.
Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your account. They're billed for operations like depositing money, not trading for lengthy periods, or withdrawals.
In general, neither ICICI Direct or SpreadCo charge high fees in comparison to other online brokers. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser amount. This is beneficial for people who often trade, such as daily or weekly trading.
However, non-trading fees charged by ICICI Direct and SpreadCo are relatively competitive. As a result, you are billed more for non-trading activities on your trading accounts, such as deposits and withdrawal. These aren't related to the purchase and sale of assets.
This ICICI Direct vs SpreadCo review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For ICICI Direct And SpreadCo
Broker | ICICI Direct | SpreadCo |
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Minimum Deposit | $0 | $100 |
Withdrawal Fees | No | Yes |
Inactivity Fees | Yes | No |
Deposit Fees | No | Yes |
CFD Fees | No | Yes |
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What Languages Do ICICI Direct And SpreadCo Support?
Being able to chat completely with your trading broker is a key way of comparing brokers to find your perfect trading partner. Not only for support but to ensure you completely understand everything on their website and inside their application as it is a key part of success when trading forex.
Below you will find all the languages that both ICICI Direct and SpreadCo offer communication in.
How Many Clients Do ICICI Direct and SpreadCo Have?
Both ICICI Direct and SpreadCo are well known and trusted. It is really important to work with an online broker that is reputable and one of the easiest ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many users ICICI Direct and SpreadCo are active on their platform
Broker | ICICI Direct | SpreadCo |
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Clients / Users | 2,000,000+ | 10,000+ |
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What Payment Methods Do ICICI Direct and SpreadCo Accept?
ICICI Direct and SpreadCo 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 SpreadCo
Broker | ICICI Direct | SpreadCo |
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Bank Transfers | Yes | Yes |
Credit Cards | No | Yes |
PayPal | No | No |
Skrill | No | No |
Payoneer | No | Yes |
Neteller | No | No |
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What Can You Trade With ICICI Direct and SpreadCo?
ICICI Direct offers 5000 trading instruments and SpreadCo offers .
Below you will find a full breakdown of what both ICICI Direct and SpreadCo offer.
ICICI Direct Review
ICICI Direct vs SpreadCo:
Table Of Contents
- Compare ICICI Direct vs SpreadCo
- Benefits of ICICI Direct and SpreadCo Compared
- SpreadCo and ICICI Direct Mobile App Comparison
- ICICI Direct vs SpreadCo - Awards
- ICICI Direct vs SpreadCo - Frequently Asked Questions
- What is the minimum deposit for SpreadCo or ICICI Direct
- ICICI Direct vs SpreadCo - Regulation And Licencing In More Detail
- Compare Broker Fees For ICICI Direct And SpreadCo
- What Languages Do ICICI Direct And SpreadCo Support?
- How Many Clients Do ICICI Direct and SpreadCo Have?
- What Payment Methods Do ICICI Direct and SpreadCo Accept?
- What Can You Trade With ICICI Direct and SpreadCo?