ICICI Direct vs Varengold Bank, 2024 Update
ICICI Direct Rating
|
Varengold Bank Rating
|
Your capital is at risk |
Your capital is at risk |
ICICI Direct vs Varengold Bank Guide |
Read our In-Depth ICICI Direct vs Varengold Bank Review - 2024 Update
This ICICI Direct vs Varengold Bank review has been revised for 2024 from knowledgeable insiders with years of financial experience across CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of ICICI Direct vs Varengold Bank 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.
Varengold Bank Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare ICICI Direct vs Varengold Bank
Each trading platforms feature a few ups and downs, so a complete analysis of ICICI Direct vs Varengold Bank cannnot be regarded as thorough without embracing an objective perspective.
Compare Varengold Bank and ICICI Direct to get a better understanding of the way they line up to each prior to you open an account. Performing a side-by-side comparison helps to bring aspects in perspective in order that you're cognizant of what to expect.
So you are looking for an online trading platform and are choosing between ICICI Direct or Varengold Bank. Which one is best in 2024?
Our ICICI Direct vs Varengold Bank comparison contains the latest information so you can easily compare Varengold Bank against ICICI Direct.
If you're a new entrant in the world of trading and brokerages, so many facts will be confusing for you. Getting into the world of trading requires expert assessing skills and thorough understanding. You will get proficient at all of the concepts of broker since you continue trading. For starters, you need to select the ideal agent who will be clear with you always.
In this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. ICICI Direct and Varengold Bank are two such companies that will take you along with your investment into great heights. It is crucial to compare ICICI Direct vs Varengold Bank until you trust them with your money.
Our ICICI Direct vs Varengold Bank comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ICICI Direct and Varengold Bank side by side.
Our entire ICICI Direct vs Varengold Bank Review covers all you need to know about trading with either ICICI Direct or Varengold Bank. A good agent can multiply your first investments and give you positive profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investment objectives.
There's absolutely no sure-fire way to guarantee profits; thus, you must carefully assess your broker before you choose them. It's a frequent misconception that all brokers are exactly the same, but that is not true. Wrong judgment, initially, can set your investments at risk.
ICICI Direct and Varengold Bank are both brokers that have paved their way successfully to the broker world. In this review, we have attempted to collate a number of the important facets of both ICICI Direct and Varengold Bank. This review can allow you to understand whether either Varengold Bank or ICICI Direct is a good fit for your own investments or not. We have attempted to breakdown all the qualities and charges for your advantage.
Benefits of ICICI Direct and Varengold Bank Compared
ICICI Direct has a minimum deposit of $0 while Varengold Bank has a $250 minimum deposit.
Why smaller minimum deposits are good and how ICICI Direct and Varengold Bank 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 while Varengold Bank has around 5000 financial instruments on their platform.
The more financial instruments you can trade on the ICICI Direct and Varengold Bank trading 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 Varengold Bank.
ICICI Direct and Varengold Bank Contact Details
Being able to contact an online trading platform simply is vital. ICICI Direct and Varengold Bank have the following contact details and social medias that you can use.
Broker | ICICI Direct | Varengold Bank |
---|---|---|
Telephone Number | ||
Address | ||
ICICI Direct Twitter Account | Varengold Bank Twitter Account | |
ICICI Direct Facebook Page | Varengold Bank Facebook Page | |
ICICI Direct Instagram Account | Varengold Bank Instagram Account | |
ICICI Direct LinkedIn Page | Varengold Bank LinkedIn Page | |
YouTube | ICICI Direct YouTube Channel | Varengold Bank YouTube Channel |
Find Out More |
|
|
Varengold Bank 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 Varengold Bank we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. 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 Varengold Bank - Awards
ICICI Direct vs Varengold Bank - Frequently Asked Questions
ICICI Direct vs Varengold Bank - Headquarters And Year Of Founding
ICICI Direct was founded in 1994 and has its headquaters in India.
Varengold Bank was founded in 2008 and has its head office in Germany.
What is the minimum deposit for Varengold Bank or ICICI Direct
The minimum deposit for ICICI Direct is $0.
The minimum deposit for Varengold Bank is $250.
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 Varengold Bank are a good option.
ICICI Direct vs Varengold Bank - Regulation And Licencing In More Detail
ICICI Direct is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
Varengold Bank is regulated by Unregulated.
Varengold Bank is unregulated but ICICI Direct has a powerful set of rules for ensuring fair trading on its own platforms. For information encryption purposes, they supply industry-standard secure socket layer (SSL).
As per their privacy regulation, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare ICICI Direct vs Varengold Bank Commission And Fees
ICICI Direct and Varengold Bank are online brokerage platforms, and most 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. In other words, an internet broker isn't necessarily affected by the number 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 3 types of penalties for this objective.
The first kind of charges to look out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In such cases, you are spending a spread, funding speed, or a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the flip side, a spread denotes the difference between the buying and selling price. Funding or overnight prices are those who are charged when you maintain a leveraged position for longer than daily.
Apart from trading fees, online agents also charge non-trading fees. These are determined by the activities you undertake in your account. They are billed for surgeries like depositing money, not trading for long periods, or withdrawals.
In general, neither ICICI Direct or Varengold Bank 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 sum. This can be beneficial for people who regularly trade, for example weekly or daily trading.
However, non-trading fees charged by ICICI Direct and Varengold Bank are relatively competitive. Consequently, you are charged more for non-trading actions in your trading accounts, such as deposits and withdrawal. These aren't about the purchase and sale of resources.
This ICICI Direct vs Varengold Bank review for 2024 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For ICICI Direct And Varengold Bank
What Languages Do ICICI Direct And Varengold Bank Support?
Being able to talk easily with your trading broker is a key way of comparing brokers to find the best broker. Not only for support but to be sure you understand everything on their site and inside their app as it is a key part of success when trading forex.
Here you can find all the languages that both ICICI Direct and Varengold Bank offer communication in.
How Many Clients Do ICICI Direct and Varengold Bank Have?
Both ICICI Direct and Varengold Bank 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 they already work with.
Below you will find details of how many users ICICI Direct and Varengold Bank are active on their platform
Broker | ICICI Direct | Varengold Bank |
---|---|---|
Clients / Users | 2,000,000+ | 10,000+ |
Find Out More |
|
|
What Payment Methods Do ICICI Direct and Varengold Bank Accept?
ICICI Direct and Varengold Bank 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 Varengold Bank
Broker | ICICI Direct | Varengold Bank |
---|---|---|
Bank Transfers | Yes | Yes |
Credit Cards | No | Yes |
PayPal | No | No |
Skrill | No | No |
Payoneer | No | Yes |
Neteller | No | No |
Find Out More |
|
|
What Can You Trade With ICICI Direct and Varengold Bank?
ICICI Direct offers 5000 trading instruments and Varengold Bank offers 248.
Below you will find a full breakdown of what both ICICI Direct and Varengold Bank offer.
ICICI Direct Review
ICICI Direct vs Varengold Bank:
Table Of Contents
- Compare ICICI Direct vs Varengold Bank
- Benefits of ICICI Direct and Varengold Bank Compared
- Varengold Bank and ICICI Direct Mobile App Comparison
- ICICI Direct vs Varengold Bank - Awards
- ICICI Direct vs Varengold Bank - Frequently Asked Questions
- What is the minimum deposit for Varengold Bank or ICICI Direct
- ICICI Direct vs Varengold Bank - Regulation And Licencing In More Detail
- Compare Broker Fees For ICICI Direct And Varengold Bank
- What Languages Do ICICI Direct And Varengold Bank Support?
- How Many Clients Do ICICI Direct and Varengold Bank Have?
- What Payment Methods Do ICICI Direct and Varengold Bank Accept?
- What Can You Trade With ICICI Direct and Varengold Bank?