ICICI Direct review, for 2021

ICICI Direct Guide – Read our In-Depth ICICI Direct Review

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 US users.

This ICICI Direct review contains the most recent information about ICICI Direct.

If you are a new entrant in the world of trading and broker, so many facts will be confusing for you. Getting into the area of trading requires expert assessing skills and thorough knowledge. You'll get proficient at all of the concepts of broker since you continue trading. For starters, you have to select the right broker who'll be clear with you constantly.

Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment program will create hefty returns. ICICI Direct is one such platform that will take you and your investment to great heights. It is crucial that you understand all about ICICI Direct until you trust them with your money.

Our full ICICI Direct Review covers all you will need to learn about trading with ICICI Direct. A good broker can multiply your first investments and give you favorable profits. If you would like to earn profits, you should trade with a brokerage service that contrasts with your investing objectives.

There is no sure-fire method to guarantee profits; therefore, you must carefully analyze your agent before you select them. It is a common misconception that all agents are the same, but that's not true. Wrong judgment, in the beginning, can set your investments at risk.

ICICI Direct is a broker which has paved its way successfully to the brokerage world. In this review, we've attempted to collate a number of the vital facets of ICICI Direct. This review can allow you to know whether ICICI Direct is a fantastic fit for your own investments or not. We have attempted to breakdown all the qualities and fees for your convenience.

Who are ICICI Direct?

ICICI Direct is a foreign exchange broker headquartered in India and provides a variety of tools for online trading. Since its establishment in 1994, ICICI Direct has emerged as a top-tier player in the field of online brokerage. ICICI Direct has an extremely aggressive and full-featured trading site that is focused on forex, indices, metals, stocks and commodities.

Over the past 27 years, ICICI Direct has grown into one of the leading online brokers.

After establishing in 1994, their consumer base is becoming as large as 2,000,000+ clients.

ICICI Direct is the favorite of many traders because of its negative balance protection. Our ICICI Direct review found that they're an superb choice for automated trading options. They're best suited for investors that are searching for a variety of assets. Social and automated trading solutions are the core at ICICI Direct.

Technology plays a substantial role at ICICI Direct. ICICI Direct features trading on Web Trader, Tablet & Mobile apps. ICICI Direct is fair, transparent, and also a well-regulated agent by the Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange. Their outstanding array of tools will be beneficial for most traders. Third-party partnerships also supply in-house research.

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 using ICICI Direct

ICICI Direct is a dynamic platform that offers various procedures of online trading. These tools cover the financial markets substantially. Most of the broker platforms provide fewer methods than ICICI Direct

If you would like to trade with ICICI Direct, you will need a minimum deposit of $0. This deposit is required if you wish to begin trading with ICICI Direct. This 2021 ICICI Direct review will direct you safely about trading with them.

ICICI Direct is as flexible as any other broker platform. ICICI Direct is great for traders that want a manageable selection of low-cost services. The programs offered by ICICI Direct are third-party, white-label offerings. All traders can choose out of Web Trader, Tablet & Mobile apps.

Along with everything, ICICI Direct has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a transaction must be kept open. The brokers offer premium customer service that rewards customers with advantages.

Many unprofessional brokers attempt to pressurise customers into bigger financing for premium services. ICICI Direct, on the other hand, is much more focused on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the greater advantages will become available.

ICICI Direct accounts are available globally and provides quality service everywhere they have clients. 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:

Is ICICI Direct Safe To Trade With?

Established in 2006, ICICI Direct has been in operation 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 mandate that trading platforms have ploicies in place to maintain investor's resources secured. This means that ICICI Direct users do not need to be worried about their money since it is segregated and safely kept in established banks. SSL encryption secures every user's private information as well.

You can make use of an option for 2 Factor Authentications (2FA) with ICICI Direct for increased safety. An SMS with the verification code will be sent to your phone. You will be asked to enter this code to log into your accounts.

Another concern with financial brokers is in regards to safety might be manipulation of trading. This is highly disadvantageous for users on these platforms. However, this is more prevalent in the case of Market Maker agents who compete with users on the platform.

Pro's & Con's Of Trading With ICICI Direct

Every online trading platform has a few pros and cons 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 Review - Compare Brokers Similar To ICICI Direct

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 collection of rules for ensuring fair trading on its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).

As per the company's privacy regulations, customer information is never to be shared with some other institutions or individuals. Including credit history and other financial information.

ICICI Direct Review - Awards

At the time of writing this ICICI Direct review, they had not received any awards.

ICICI Direct Review - Minimum Deposit Required

The minimum deposit you must deposit to get started on ICICI Direct is $0. This is a decent amount for those just starting out. It's possible to create more advanced deposits as you cooperate. But, ensure you know how to make the most of your money before investing in larger sums.

ICICI Direct Review - Commission And Fees Explained

ICICI Direct is an online brokerage platform, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. That is, an online broker isn't necessarily influenced by the amount of clients they have.

But this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are primarily three different types of fees for this objective.

The first sort of fees to keep an eye out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you're billed trading charges. In these instances, you are spending a spread, funding speed, or a commission. The kinds of trading charges and the prices vary from broker to broker.

Commissions could be fixed or determined by the traded volume. On the flip side, a spread refers to the difference between the buying and selling price. Financing or overnight rates are those that are charged when you maintain a leveraged position for longer than a day.

Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your account. They are billed for operations like depositing cash, not investing for lengthy periods, or withdrawals.

Generally, ICICI Direct doesn't charge high fees in comparison to other online brokers. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for those who regularly trade, such as weekly or daily trading.

However, non-trading fees billed by ICICI Direct are comparatively lower. As a result, you're billed more for non-trading activities in your trading account, such as deposits and withdrawal. These are not related to the sale and purchase of resources.

This ICICI Direct review breaks down every one of the applicable non-trading charges for you in detail.

Compare broker fees against ICICI Direct

ICICI Direct Review - Withdrawal Fees Explained

Withdrawal of cash is possible at any moment from the ICICI Direct account. It's possible to withdraw up sums to the sum of your account balance, keeping aside the perimeter utilized. 1 thing to keep in mind is that you don't necessarily have to have any cash in your account.

Moreover, the withdrawn money will be moved directly to the accounts you use to create deposits. Therefore, if you used a credit card for deposits, the withdrawn money 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 money in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you're choosing to draw in.

ICICI Direct Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is only one of the buzzing questions that run through your head when open an account with ICICI Direct. An inactivity fee is an amount charged to registered dealers who haven't participated in purchasing or selling for some time. The period regarded as inactive is decided by the broker.

The inactivity fee differs from one agent to another and is not standardized. If a traders account doesn't have a purchasing or selling trade, it is maintained by the agent as an inactivity fee. The traders have to pay this fee under terms and conditions they had agreed while registering.

ICICI Direct doesn't charge inactivity fees so you are free to utilize your account as needed

Even if no fees are implied by ICICI Direct, it's best for you to close the account if you are inactive. Inactivity fees aren't just charged by brokerage companies but also many financial services.

For additional trading platforms, the inactivity fee is contingent upon the type of account you have chosen. The inactivity fee is exposed to a lot of conditions and needs to be disclosed clearly by the broker beforehand.

ICICI Direct Review - Deposit Fees Explained

When you transfer money into your trading account from your bank account, a deposit fee can be billed by the broker. Most agents do not charge an excessive amount of money for this operation.

ICICI Direct doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing money on the ICICI Direct trading platform is simple. You simply need to complete a single-user profile questionnaire to start depositing money into your trading account. You will need to give an identity evidence and proof of residency to deposit large amounts.

ICICI Direct Review - Compare Broker Deposit Methods

What Can You trade With ICICI Direct?

Note: ICICI Direct provides a lot of different trading instruments due to regulatory restrictions in various countries. Trading instruments offered can 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 currency pairs is of interest to you then ICICI Direct offer over 0 forex pairs.

Compare ICICI Direct, City Credit Capital, Darwinex & Abshire Smith below.

Alternatives To ICICI Direct

If, after reading this ICICI Direct review, ICICI Direct does not fulfill your needs check out these ICICI Direct alternatives.

Frequently Asked Questions about ICICI Direct