eToro vs ICICI Direct, 2022 Update
Read our In-Depth eToro vs ICICI Direct Review - 2022 Update
This eToro vs ICICI Direct review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this eToro vs ICICI Direct review does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
ICICI Direct Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs ICICI Direct
Every online trading system has a few pros and cons, and no eToro and ICICI Direct review would be complete without having a balanced approach. Compare eToro and ICICI Direct to understand how they stack up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a reputable broker and are choosing between eToro or ICICI Direct. Which one is best in 2022?
Our eToro vs ICICI Direct comparison contains the most recent information so you can easily compare ICICI Direct against eToro.
If you're a new entrant in the realm of trading and brokerages, so many facts will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough understanding. You'll get proficient at all the concepts of broker since you keep trading. For starters, you have to choose the ideal broker who'll be transparent with you always.
Within this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment program has the potential to create hefty returns. eToro and ICICI Direct are just two such stages that will take you and your investment to great heights. It's crucial that you compare eToro vs ICICI Direct before you trust them with your cash.
Our eToro vs ICICI Direct comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and ICICI Direct side by side.
Our entire eToro vs ICICI Direct Review covers everything you need to know about trading using either eToro or ICICI Direct. A fantastic agent can multiply your first investments and provide you positive profits. If you would like to make profits, you must trade with a brokerage service that aligns with your investment goals.
There is no sure-fire method to guarantee profits; thus, you must carefully assess your agent before you choose them. It's a common misconception that all agents are exactly the same, but that's not true. Wrong judgment, initially, can put your investments in danger.
eToro and ICICI Direct are both brokers that have found their way successfully to the broker world. In this review, we have attempted to collate some of the important aspects of both eToro and ICICI Direct. This review can help you to understand whether either ICICI Direct or eToro is a fantastic match for your investments or not. We have tried to breakdown all the features and fees for your advantage.
Benefits of eToro and ICICI Direct Compared
eToro has a minimum deposit of $50 while ICICI Direct has a $0 minimum deposit.
Why smaller minimum deposits are good and how eToro and ICICI Direct 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.
eToro has around 100 financial instruments whilst ICICI Direct has around 100 on their platform.
The more instruments you can trade on the eToro and ICICI Direct 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 eToro or ICICI Direct.
eToro and ICICI Direct Contact Details
Being able to contact your broker simply is vital. eToro and ICICI Direct have the following contact details and social medias that you can use.
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| Broker | eToro | ICICI Direct |
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| support@etoro.com | ||
| Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | |
| eToro Twitter Account | ICICI Direct Twitter Account | |
| eToro Facebook Page | ICICI Direct Facebook Page | |
| eToro Instagram Account | ICICI Direct Instagram Account | |
| eToro LinkedIn Page | ICICI Direct LinkedIn Page | |
| YouTube | eToro YouTube Channel | ICICI Direct YouTube Channel |
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ICICI Direct and eToro 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.
In this part of our comparison of eToro and ICICI Direct 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 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 only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
eToro vs ICICI Direct - Awards
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| Broker | eToro | ICICI Direct |
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eToro have won many industry awards over the years they have been operating as a financial broker. We detail the most recognised awards for eToro here.
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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. |
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eToro vs ICICI Direct - Frequently Asked Questions
eToro vs ICICI Direct - Headquarters And Year Of Founding
eToro was founded in 2007 and has its head office in Cyprus, UK.
ICICI Direct was founded in 1994 and has its head office in India.
What is the minimum deposit for ICICI Direct or eToro
The minimum deposit for eToro is $50.
The minimum deposit for ICICI Direct is $0.
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 eToro and ICICI Direct are a good option.
eToro vs ICICI Direct - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
ICICI Direct is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
Both eToro and ICICI Direct have a strong set of rules for ensuring honest trading on their platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their own privacy policies, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare eToro vs ICICI Direct Commission And Fees
eToro and ICICI Direct are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled better. That is, an internet broker isn't necessarily influenced by the number 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 purpose.
The first kind of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you are billed trading fees. In these cases, you are paying a spread, financing speed, or even a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Funding or overnight rates are those who are charged when you hold a leveraged position for more than daily.
Aside from trading fees, online agents also charge non-trading fees. These are determined by the activities you undertake in your account. They're billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.
In general, neither eToro or ICICI Direct charge high fees compared to other online agents. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for people who regularly trade, for example daily or weekly trading.
But, non-trading fees billed by eToro and ICICI Direct are comparatively greater. Consequently, you are billed more for non-trading actions on your trading accounts, like withdrawal and deposits. These aren't about the sale and purchase of assets.
This eToro vs ICICI Direct review for 2022 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For eToro And ICICI Direct
What Languages Do eToro And ICICI Direct Support?
Being able to chat completely with your online broker is a key way of comparing online brokers to find the best broker. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key part of success when trading online.
Below you will find all the languages that both eToro and ICICI Direct offer communication in.
How Many Clients Do eToro and ICICI Direct Have?
Both eToro and ICICI Direct are well known and trusted. It is important to work with a broker you can trust and one of the most simple ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many users eToro and ICICI Direct are active on their platform
What Payment Methods Do eToro and ICICI Direct Accept?
eToro and ICICI Direct 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 eToro and ICICI Direct
What Can You Trade With eToro and ICICI Direct?
eToro offers 100 trading instruments and ICICI Direct offers 5000.
Below you will find a full breakdown of what both eToro and ICICI Direct offer.
Compare eToro To All Other Brokers
Compare ICICI Direct To All Other Brokers