AB Forex
ICICI Direct
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Overview
AB Forex was founded in 2003 and is headquartered in STOCKHOLM, while ICICI Direct was established in 1994 and is based in India. AB Forex holds licences including Unregulated, while ICICI Direct is regulated by Securities and Exchange Board of India (SEBI) among others. AB Forex serves 10,000+ clients worldwide; ICICI Direct has 2,000,000+. The minimum deposit is $100 at AB Forex and $0 at ICICI Direct.
| Feature | AB Forex | ICICI Direct |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Regulation | Unregulated | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange |
| Founded | 2003 | 1994 |
| Country | STOCKHOLM | India |
| Clients | 10,000+ | 2,000,000+ |
Fees
Fees are a critical factor when choosing between AB Forex and ICICI Direct, directly affecting your bottom line as a trader. ICICI Direct has a lower barrier to entry with a minimum deposit of $0 (vs $100 at AB Forex). AB Forex charges withdrawal fees while ICICI Direct does not, a notable advantage for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. AB Forex charges deposit fees; ICICI Direct does not. Overall, ICICI Direct scores higher on fees in our assessment.
| Feature | AB Forex | ICICI Direct |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
ICICI Direct supports social and copy trading features, which AB Forex does not offer. ICICI Direct edges ahead on platform breadth and functionality in our scoring.
| Feature | AB Forex | ICICI Direct |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | No | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | DealBook├é┬¼├âÔÇá 360 (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AB Forex and ICICI Direct compare. ICICI Direct runs regular live webinars; AB Forex does not. ICICI Direct has a video library; AB Forex does not. ICICI Direct publishes daily market commentary; AB Forex does not. ICICI Direct integrates third-party research tools (Trading Central); AB Forex does not. ICICI Direct maintains an archive of past webinars for on-demand viewing. ICICI Direct scores higher overall in education and research.
| Feature | AB Forex | ICICI Direct |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ICICI Direct uniquely supports bank transfer among the two brokers. ICICI Direct scores higher on deposit and withdrawal flexibility.
| Feature | AB Forex | ICICI Direct |
|---|---|---|
| Bank Transfer | No | Yes |
| Credit Card | No | No |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. ICICI Direct offers live chat; AB Forex does not, making ICICI Direct easier to reach in real time. ICICI Direct offers phone support; AB Forex does not. ICICI Direct offers email support; no email support was found for AB Forex. AB Forex supports 2 languages and ICICI Direct supports 13, giving ICICI Direct broader global reach. ICICI Direct scores higher overall on customer support in our assessment.
| Feature | AB Forex | ICICI Direct |
|---|---|---|
| Live Chat | No | Yes |
| Phone Support | No | Yes |
| Email Support | No | Yes |
| Languages | English, and Chinese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |