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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.

ICICI Direct review

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.

ICICI Direct Review, Table Of Contents

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.

The trader resource department at ICICI Direct is very insightful for new dealers since it allows them to get a closer look at the financial markets. ICICI Direct caters to all types of traders and are a must-have broker for almost any well-diversified method of online trading.

Benefits of trading with ICICI Direct?

Trading with ICICI Direct includes numerous benefits. These benefits are what sets ICICI Direct apart from all other online agents. You need to check all of the benefits listed so that you have a better understanding of ICICI Direct.

The agent goes to great lengths to understand what traders need. As a result, the support price is low, fast, and convenient. The broker also provides a number of programs for all kinds of traders. ICICI Direct helps to ensure that the individual needs of all online traders are completely met.

ICICI Direct also includes excellent trading conditions that are available to only an elite class of institutional customers. The tight spreads and fast executions are a great benefit for those traders. The technology embraced by ICICI Direct is among the maximum caliber, ensuring that it's fast, dependable, and effective.

ICICI Direct admits the significance of having a fast order execution. A fast execution enables users to exchange without worrying about slippage safely. It will also aid the dealers to grab the maximum profitable opportunities.

Automated trading is another important facet of ICICI Direct. A new dealer can learn from industry experts using the automated trading alternative. The tight spread starts from as low as 0.0 pips, even though they are offered for just razor balances.

ICICI Direct has over 5000 trading instruments to support all types of traders. These instruments are lively and suitable for both the new and experienced traders. The traders can put aside all their concerns when trading using ICICI Direct.

ICICI Direct overview

Year Founded: 1994

Regulated By: Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange

Hedquarters: India

Minimum Deposit: $0

Number Of Clients: 2,000,000+

Your capital is at risk

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 Pro's

  • ICICI Direct is trusted by 2,000,000+ clients
  • ICICI Direct offers Negative Balance Protection
  • ICICI Direct doesn't charge withdrawal fees
  • ICICI Direct doesn't charge inactivity fees
  • ICICI Direct doesn't charge deposit fees
  • ICICI Direct doesn't charge CFD fees
  • ICICI Direct offer trading on Web Trader, Tablet & Mobile apps
  • ICICI Direct offer 5000 trading instruments
  • ICICI Direct offers trading on cryptocurrencies
  • ICICI Direct can communicate in English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, , Romana, Turkce, ߟ?, ??

ICICI Direct Con's

  • ICICI Direct does not offer Guaranteed Stop Loss
  • ICICI Direct doesn't trade major forex pairs
  • ICICI Direct doesn't trade minor forex pairs
  • ICICI Direct doesn't trade exotic forex pairs

ICICI Direct Review - Compare Brokers Similar To ICICI Direct

ICICI Direct City Credit Capital Darwinex Abshire Smith
Rating 4/5 4/5 4/5 2/5
Minimum Deposit $0 $500 $500 $500
Year Founded 1994 2001 2012 1997
Headquarters India UK UK United kingdom
Regulated By Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange Financial Conduct Authority (FCA) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA)
Clients 2,000,000+ 10,000+ 10,000+ 10,000+
Find Out More
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits Your capital is at risk

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 City Credit Capital Darwinex Abshire Smith
Minimum Deposit $0 $500 $500 $500
Withdrawal Fees No No Yes variable
Inactivity Fees No No No
Deposit Fees No No No
CFD Fees No Yes

ICICI Direct Review - Withdrawal Fees Explained

ICICI Direct doesn't charge withdrawal fees

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

ICICI Direct City Credit Capital Darwinex Abshire Smith
Minimum Deposit $0 $500 $500 $500
Credit Card No
PayPal No
Neteller No
Skrill No
Payoneer No

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.

ICICI Direct City Credit Capital Darwinex Abshire Smith
Platforms Web Trader, Tablet & Mobile apps Mac, Web Trader, Tablet & Mobile apps MT4, Web Trader, MetaTrader 4, cTrader Platform
Instruments Available 5000 100 100 22
Forex & Crypto
Forex Pairs Available 0 20 40
Offers Major Forex Pairs? No Yes Yes Yes
Offers Minor Forex Pairs? No No Yes No
Offers Exotic Forex Pairs? No No Yes No
Offers Cryptocurrencies? Yes No No No
Commodity CFD's
Commodities Offered 14 5 0 0
Trade Metals? No Yes Yes Yes
Trade Energies? No Yes No Yes
Trade Agricultural? No Yes No No
Indiced & Stock CFDs
Stocks Offered 5000 5 0 0
Trade UK Shares? No No No Yes
Trade US Shares? Yes No No No
Trade German Shares? No Yes Yes No
Trade Japanese Shares? No No Yes No

Your capital is at risk

Losses can exceed deposits

Losses can exceed deposits

Your capital is at risk

Alternatives To ICICI Direct

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

We have scoured the web to find the best alternatives to ICICI Direct. Click on the links below to find out more.

Frequently Asked Questions about ICICI Direct

Can I try ICICI Direct before I buy?

Yes, you can most definitely try ICICI Direct before you buy. ICICI Direct provides demo accounts for the convenience of inexperienced traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.

If you register for a demo account on ICICI Direct, you will set out using a decent amount of virtual money. It's to establish a sense of safety and confidence in you before you choose to invest your own money.

With this digital ICICI Directdemo account, you can experiment in any way, to whatever length you wish. You might also start positions, test different trading approaches, and more.

ICICI Direct specifies on its official site that you are able to trade real time stocks with your demo account.

Is ICICI Direct safe?

It is possible to drop all of your worries because we believe that ICICI Direct is perfectly safe to use. It is in compliance with the rules of Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.

Nevertheless, ICICI Direct doesn't provide assured stop-loss protection.

Why does ICICI Direct ask for my passport?

The reason that ICICI Direct asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, ICICI Direct has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, ICICI Direct must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with ICICI Direct?

The process to start trading withICICI Direct is perhaps simple enough to be a cakewalk. You need to begin by signing up on the ICICI Direct website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with ICICI Direct is $0. You should have a good hold over the nuances of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with ICICI Direct.

The best way to kickstart your trading career with ICICI Direct is to open a demo account facility before risking any real money

What funding methods do ICICI Direct accept?

There are a number of methods to fund your account with ICICI Direct. The process is effortless and quick, with various payment methods in your fingertips.

You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to keep in mind that PayPal is not available in all country. The currencies ICICI Direct

Is my money safe with ICICI Direct?

Yes, your money is safe and protected with ICICI Direct. As you know, ICICI Direct works with good conformation to. It has established plenty of steps to guard all its own investors.

ICICI Direct protects its customers' personal and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.

If you wish to further safeguard your account, it is possible to empower Two-Step Verification as well. It takes an SMS confirmation that you access your accounts.

Is ICICI Direct trading good?

Yes, trading through ICICI Direct is a nice and good experience indeed. It is an excellent and intuitive platform with useful features for your ease. In addition, you can even obtain access to a huge collection of educational tools and assistive material to kickstart your trading expertise.

If you remain skeptical, you can open a eToro demo account and evaluate the trustworthiness of the platform for yourself.

Which Countries does ICICI Direct support?

ICICI Direct operates around the globe. However, due to regulations there are some countries that ICICI Direct does not accept clients resident in

Is ICICI Direct legit?

ICICI Direct is a legit company headquarted in India since 1994. They are regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange. ICICI Direct is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is ICICI Direct a good broker?

ICICI Direct is a great broker, and its users can vouch for it. The highlight of this platform is its fast order execution on transactions.

You'll find the clean layout of this platform along with the admirable features a pleasure to work with.

Is ICICI Direct a trustworthy broker?

Yes, ICICI Direct is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 2,000,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for ICICI Direct?

The minimum deposit to open a live account with ICICI Direct is $0

How long do ICICI Direct withdrawals take?

Normally, withdrawal of money from ICICI Direct is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from ICICI Direct to show in your bank account.

Are ICICI Direct regulated?

ICICI Direct are regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange

Is ICICI Direct a market leading broker?

ICICI Direct is currently among the industry leaders. It supports over 2,000,000+ registered customers and over 27 years of experience on its record. They're among the world's top trading platforms and also a dominant figure in the Fintech revolution.

It majorly owes this status to its incredible platform and wide selection of tools plus resources so that you can put money into capital markets.

Is ICICI Direct a con?

No, ICICI Direct is not a con. They are regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange and must adhere to their rules. Thus, it is safe to say that ICICI Direct is not a scam.

Can you make money with ICICI Direct?

Using ICICI Direct, several traders earn a lot of money. But on average, through continual trading, you can create between 2% - 10% profit a month.

This can look to be a small number, but within the entire year, this adds to a substantial amount of gains. Even though ICICI Direct supply you all of the tools to make money, they can't guarantee you will profit.

Does ICICI Direct have fees?

Yes. To start trading with ICICI Direct, you need to deposit $0. Particular commissions while trading also applies. Any processing fees from your bank might have to be incurred by you.

When was ICICI Direct founded?

ICICI Direct was founded in 1994 in India. ICICI Direct is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.

How many people use ICICI Direct?

ICICI Direct is a globally recognised broker with 2,000,000+ customers.

Where is the ICICI Direct head office?

ICICI Direct has its head office in India

Does ICICI Direct offer negative balance protection?

Yes, ICICI Direct has Negative Balance Protection. It is especially offered while the market volatility keeps customers from allowing their account go in the red. In such a scenario, ICICI Direct offers the ability to reset a customers account balance to zero.

You should go through the important conditions on ICICI Direct's site to understand their policies.

Does ICICI Direct offer guaranteed stop loss?

ICICI Direct regrettably, doesn't offer guaranteed stop loss. ICICI Direct provides a chance to its dealers to close their trade at their specified price. Apart from this, ICICI Direct doesn't offer guaranteed stop loss.

Does ICICI Direct allow scalping?

Yes, ICICI Direct do permit scalping. Several traders throughout the world select ICICI Direct for their scalping services. They offer trading on Web Trader, Tablet & Mobile apps which allow this.

Does ICICI Direct allow hedging?

Yes, ICICI Direct does allow hedging.

Can you trade energies with ICICI Direct?

No, unfortunately you cannot trade energy stock with ICICI Direct

Can you trade agricultural shares with ICICI Direct?

No, unfortunately you cannot trade agricultural stock with ICICI Direct

Can you trade cryptocurrency with ICICI Direct?

Yes, you can trade cryptocurrency with ICICI Direct

Can you trade metals with ICICI Direct?

No, unfortunately you cannot trade metals with ICICI Direct

Can you trade UK Shares with ICICI Direct?

No, unfortunately you cannot trade UK shares with ICICI Direct

Can you trade US Shares with ICICI Direct?

Yes, you can trade US shares with ICICI Direct

Can you trade Japanese Shares with ICICI Direct?

No, unfortunately you cannot trade Japanese shares with ICICI Direct

Can you trade German Shares with ICICI Direct?

No, unfortunately you cannot trade German shares with ICICI Direct

Does ICICI Direct accept bank transfers?

Yes, ICICI Direct accepts bank transfers for depositing money.

Does ICICI Direct accept credit cards?

No, ICICI Direct does not accept credit cards.

Does ICICI Direct accept PayPal?

No, ICICI Direct does not accept PayPal.

Does ICICI Direct accept Skrill?

No, ICICI Direct does not accept Skrill.

Does ICICI Direct accept Payoneer?

No, ICICI Direct does not accept Payoneer.

Does ICICI Direct accept Neteller?

No, ICICI Direct does not accept Neteller.

Does ICICI Direct offer Live Chat customer support?

Yes, ICICI Direct offers customer support through live chat.

Does ICICI Direct offer phone customer support?

Yes, ICICI Direct offers customer support over the telephone.

Does ICICI Direct offer email customer support?

Yes, ICICI Direct offers customer support through email.

What languages can ICICI Direct communicate in?

ICICI Direct has the ability to communicate and support customers who speak: English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, , Romana, Turkce, ߟ?, ??

Does ICICI Direct have a wikipedia page?

No, ICICI Direct does not have an official wikipedia page.

Does ICICI Direct offer demo accounts?

Yes, ICICI Direct offers demo accounts so you can learn their systems before risking any real money.