ResourceStock Brokers
ICICIDirect Vs Fyers: Which one is better?
Last updated August 26, 2026
This IPO News reference page covers “ICICIDirect Vs Fyers: Which one is better?”. The page is organized around compare stock brokers side-by-side, compare icicidirect vs fyers on service, account opening charges and amc, compare icicidirect vs fyers on trading & demat account opening charges, about brokerage plans. IPO News presents the structured facts and tables in its own layout and wording.
Topics Covered
- Compare Stock Brokers Side-by-Side
- Compare ICICIDirect vs Fyers on Service
- Account Opening Charges and AMC
- Compare ICICIDirect vs Fyers on Trading & Demat Account Opening Charges
- About Brokerage Plans
- Compare ICICIDirect vs Fyers on Plan Options
- Account Opening
- Brokerage Charges
- Compare ICICIDirect vs Fyers on Transaction Charges
- Share Broker's Transaction Charges
- Account Features
- Compare ICICIDirect vs Fyers on Account Features
- Trading Platform
- Compare ICICIDirect vs Fyers on Trading Platform
- Broker Ratings by Users
- Compare ICICIDirect vs Fyers on User Rating
- Investment Offerings
- Compare ICICIDirect vs Fyers on Investment Offerings
- Margin Trading Facility
- Compare ICICIDirect vs Fyers on MTF
- API
- Compare ICICIDirect vs Fyers on API Details
- Customer Service Offered
- Compare ICICIDirect vs Fyers on Customer Service
- Tips/Research/Reports Published
- Compare ICICIDirect vs Fyers on Research Reports, Tips
- Demat Account
- Compare ICICIDirect vs Fyers on Demat Account
- Special Offers, Advantages, Disadvantages
- Compare ICICIDirect vs Fyers on Special Offers and Promotion
Key Facts
- India's trusted financial research platform since 2015. Live IPO GMP, subscription data, allotment status, Rights Issues, NCDs and unbiased stock broker reviews.
- Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities.
- Brokerage: ICICIDirect Max Rs 20 per trade vs Fyers ranges Rs 20.
- Rating: both equal, 4 out of 5.
- Here we present side-by-side comparison of ICICIDirect vs Fyers share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.
- Fyers Brokerage Plan detail – Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.
- Fyers Securities offers Free AMC for Demat account where ICICI Securities Pvt Ltd. charges Rs 700 p.a. [Free for 1st year] AMC for Demat account.
- 100% digital and paperless 3-in-1 account opening facility.
- Trade on the BSE, NSE, MCX, and invest in other products.
- Place Valid Till Cancelled (VTC) order, valid for 45 days.
- Trade on BSE, NSE, and MCX
- Rs 20 fixed brokerage on all segments
- Cheapest Rs 50/order brokerage on NRI trading
- Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.
- No 3-in-1 account offering
- Commodity and Currency Trading at Rs 20/order flat brokerage
- transfer funds in just 5 minutes
- 💹 Max ₹20 per Order Brokerage on Delivery, Intraday, F&O, Commodities & Currency
- Last Updated on Fri, May 8, 2026
Data Tables
| Segment |
ICICIDirect |
Fyers |
| Trading Account Opening Fees |
Free |
Free |
| Trading AMC |
Free |
Free |
| Demat Account Opening Fees |
Free |
Free |
| Demat AMC |
Rs 700 p.a. [Free for 1st year] |
Free |
| Provide DP Service |
Yes |
Yes |
| Plan Types |
ICICIDirect |
Fyers |
| Multiple Plans |
Yes |
Yes |
| Monthly Plans |
No |
No |
| Yearly Plans |
No |
No |
|
ICICIDirect |
Fyers |
| Account Opening Request |
|
Open Fyers Account |
| Brokerage Charges Compare |
ICICIDirect |
Fyers |
| Plan Name |
Moneysaver Brokerage Plan |
Max Rs 20 Per Order Trading Plan |
| Equity Delivery |
0.29% |
0.30% or Rs 20 |
| Equity Intraday |
0.029% |
0.03% or Rs 20 |
| Equity Futures |
0.029% |
0.03% or Rs 20 |
| Equity Options |
Rs 45 per lot |
Flat Fee Rs 20 |
| Currency Futures |
Flat Rs. 20 per order |
0.03% or Rs 20 |
| Currency Options |
Flat Rs. 20 per order |
Flat Fee Rs 20 |
| Commodity Trading |
Flat Rs. 20 per order |
Flat Fee Rs 20 |
| Minimum Brokerage |
Nil |
|
| Hidden Charges |
Yes |
No |
| Call & Trade Charges |
Equity: Free, Currency & Commodity: Rs 50 Per order |
Rs 50 Per Order |
| Auto Square off Charges |
Rs 50 per order |
Rs 50 Per Order |
| Brokerage Calculator |
Brokerage Calculator for ICICIDirect |
Brokerage Calculator for Fyers |
| Transaction Charges Compare |
ICICIDirect |
Fyers |
| Equity Delivery |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
| Equity Intraday |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
| Equity Futures |
NSE:173 | BSE:0 Per Cr |
NSE:173 | BSE:0 Per Cr |
| Equity Options |
NSE:3503 | BSE:3250 Per Cr on premium |
NSE:3503 | BSE:3250 Per Cr on premium |
| Currency Futures |
NSE:35 | BSE:45 Per Cr |
NSE:35 | BSE:45 Per Cr |
| Currency Options |
NSE:3110 | BSE:100 Per Cr |
NSE:3110 | BSE:100 Per Cr |
| Commodity |
MCX: 4180| NSE: 100 Per Cr |
MCX: 4180| NSE: 100 Per Cr |
| Brokerage Charges |
Complete Brokerage Plans for icicidirect |
Complete Brokerage Plans for fyers |
| Account Features Compare |
ICICIDirect |
Fyers |
| 3 in 1 Account |
Yes |
No |
| Charting |
Yes |
Yes |
| Algo Trading |
No |
Yes |
| SMS Alerts |
Yes |
No |
| Online Demo |
Yes |
Yes |
| Online Portfolio |
Yes |
No |
| Margin Trading Funding Available |
Yes |
No |
| Combined Ledger for Equity and Commodity |
No |
Yes |
| Intraday Square-off Time |
3:15PM |
3:15 PM |
| NRI Trading |
Yes |
Yes |
| Other Features |
NIL |
Fyers 30 Day Challenge |
| Trading Platform Compare |
ICICIDirect |
Fyers |
| Web Trading Platform |
Yes |
Yes |
| Web Trading Detail |
https://www.icicidirect.com |
Fyers Web |
| Web Trading Demo |
Web Trading Demo |
Web Trading Demo |
| Mobile Trading |
Yes |
Yes |
| Mobile Trading App |
ICICI direct Mobile |
Fyers Mobile App |
| Mobile Trading App Demo |
ICICI direct Mobile |
Fyers Mobile App |
| Android Mobile App |
Yes |
Yes |
| Android App Download |
Android ICICI direct Mobile Download |
Android Fyers Mobile App Download |
| iPhone Mobile App (IOS) |
Yes |
Yes |
| iOS App Download |
iOS ICICI direct Mobile Download |
iOS Fyers Mobile App Download |
| Android Tablet App |
Yes |
Yes |
| iPad App (IOS) |
Yes |
Yes |
| Trading Software Charges |
Free |
Free |
| Equity Brokerage Calculator |
Equity Intraday and Delivery Brokerage Calculator for ICICIDirect |
Equity Intraday and Delivery Brokerage Calculator for Fyers |
| Futures Brokerage Calculator |
Futures Brokerage Calculator for ICICIDirect |
Futures Brokerage Calculator for Fyers |
| Options Brokerage Calculator |
Option Brokerage Calculator for ICICIDirect |
Option Brokerage Calculator for Fyers |
| Detail |
Detail on Trading Platforms for ICICIDirect |
Detail on Trading Platforms for Fyers |
|
ICICIDirect |
Fyers |
|
267 Customer reviews Rate |
11 Customer reviews Rate |
| Fees Ratings |
2.4 |
3.5 |
| Trading Brokerage Rating |
1.8 |
3.6 |
| Trading Platform Usability |
3.3 |
3.5 |
| Customer Service Ratings |
2.9 |
3.5 |
| Overall Rating |
2.5 |
3.2 |
| Broker Rating |
ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews |
Fyers is Rated 3.2 / 5 based on 11 customer reviews |
| Investment Offerings Compare |
ICICIDirect |
Fyers |
| Equity Cash and F&O |
Yes |
Yes |
| Currency Derivatives |
Yes |
Yes |
| Commodity |
Yes |
Yes |
| Online IPO Application |
Yes |
Yes |
| Mutual Funds |
Yes |
Yes |
| Bonds / NCD |
Yes |
No |
| ETF |
Yes |
Yes |
| Banking |
Yes |
No |
| Insurance |
Yes |
No |
| Forex |
No |
No |
| MF SIP Investment |
Yes |
Yes |
| Equity SIP Investment |
Yes |
No |
| PMS Service |
Yes |
No |
| Other Investment Options |
NIL |
NIL |
| MTF Compare |
ICICIDirect |
Fyers |
| MTF Leverage |
– |
Up to 4x leverage on 1600+ stocks |
| MTF Interest Rate |
– |
12.49% – 16.49% per annum (Slab-based MTF Interest rates) |
| MTF Segment |
– |
Equity Delivery |
| MTF Pledge Charges |
– |
₹12 per stock |
| MTF Unpledged Charges |
– |
₹12 per stock |
| Maximum MTF Funding |
– |
Upto ₹50 Lakh per account |
| API Compare |
ICICIDirect |
Fyers |
| API Type |
– |
Fyers API is a set of online tools by Fyers that lets you connect your own software to your trading account to place orders and access market data automatically. |
| API Charges |
– |
Free |
| Customer Service Compare |
ICICIDirect |
Fyers |
| 24/7 Customer Service |
No |
No |
| Email Support |
Yes |
Yes |
| Online Live Chat |
No |
No |
| Phone Support |
Yes |
Yes |
| Toll Free Number |
No |
No |
| Through Branches |
Yes |
No |
| Customer Care Number |
1860 123 1122 |
08060001111 |
| Account Opening Process |
Online |
100% online and paperless proc |
| Customer Support Email |
[email protected] |
[email protected] |
| Knowledge Center/Education |
https://www.icicidirect.com/knowledge-center |
https://fyers.in/school-of-stocks/ |
| Head Office Address |
ICICI Centre,H.T. Parekh Marg,Churchgate,Mumbai – 400020 |
Fyers Securities, No. 19 & 20, 3rd Main, Gandhinagar,Bangalore – 560009 |
| Website |
https://www.icicidirect.com |
https://fyers.in/ |
|
ICICIDirect |
Fyers |
| Research Mutual Funds |
Yes |
No |
| Research Equity Reports |
Yes |
No |
| Research ETF |
Yes |
No |
| Daily Market Report |
Yes |
No |
| Free Tips |
Yes |
No |
| Quarterly Result Analysis |
Yes |
No |
| News Alerts |
Yes |
Yes |
|
ICICIDirect |
Fyers |
| DP Source |
CDSL |
CDSL |
| DP ID |
14301 |
89400 |
| Demat Account Annual Maintenance Charges(AMC) |
₹700 pa |
Free |
| Advance Deposit |
Rs. 7500/- , If the client is not having ICICI BANK Account |
Nil |
| Statutory charges |
Nil |
Nil |
| Transaction Charges on Debit (Per ISIN) |
0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) |
₹7 + ₹5.50 (CDSL Charges) per transaction |
| Demat |
₹50 per set up |
₹0 |
| Remat |
₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction |
₹0 |
| Pledge Creation |
0.02% (Min ₹35 and Max ₹25,000) |
Nil |
| Pledge Creation Confirmation |
0.02% (Min ₹35 and Max ₹25,000) |
Nil |
| Pledge Closure |
0.02% (Min ₹35 and Max ₹25,000) |
Nil |
| Pledge Closure Confirmation |
0.02% (Min ₹35 and Max ₹25,000) |
Nil |
| Pledge Invocation |
0.02% (Min ₹35 and Max ₹25,000) |
Nil |
| Failed Instruction Charges |
₹30 per transaction |
Nil |
| Other Charges |
Nil |
Stamp Charges ₹50, |
|
ICICIDirect |
Fyers |
| Likes |
100% digital and paperless 3-in-1 account opening facility. Trade on the BSE, NSE, MCX, and invest in other products. Multiple brokerage plans for residents and NRI trading. All kinds of trading platforms across web, app, and desktop versions. Invest in mutual funds for free with ICICIdirect Money App. Expert research calls and recommendations. Sell stocks and get cash instantly with the e-ATM facility. Advanced orders like bracket order, cover order, after market order, and basket order. Place Valid Till Cancelled (VTC) order, valid for 45 days. Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners. Margin funding Loans on securities. Dedicated customer services. Detail Review… |
Trade on BSE, NSE, and MCX Free IPO and mutual funds investment Rs 20 fixed brokerage on all segments Invest in IPOs, OFS, SGBs, G-secs, and T-bills Cheapest Rs 50/order brokerage on NRI trading User-friendly mobile app and website for investors Fyers Next and Fyers One high-speed trading terminal for traders Fyers Thematic Investing: Invest in expert expert-curated basket of stocks. Start Algo trading Access with Fyers API for free Bracket order, cover order, GTT, AMO, basket order Fyers School of Stocks, a free stock market learning platform. Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc. Detail Review… |
| Dislikes |
High brokerage charges. Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment. Detail Review… |
No unlimited zero brokerage monthly plans No 3-in-1 account offering No mutual fund investment app Research reports are not offered free Detail Review… |
| Special Offers/Promo |
Free Account Opening Commodity and Currency Trading at Rs 20/order flat brokerage No demat AMC for the 1st year transfer funds in just 5 minutes Open Instant Account Now |
🔷 Current Promotion Offer from Fyers for InvestorGain Visitors: 🆓 Lifetime “ZERO” Demat AMC Account 🌱 Free Direct Mutual Funds & IPO Investment 💹 Max ₹20 per Order Brokerage on Delivery, Intraday, F&O, Commodities & Currency 🚀 Open Instant Fyers Account Now! |
| Enquiry |
|
Open Fyers Account Now |
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