Bulbrokers
ICICI Direct
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Overview
Bulbrokers was founded in 2000 and is headquartered in Bulgaria, while ICICI Direct was established in 1994 and is based in India. Bulbrokers holds licences including Financial Services Authority (FSA), while ICICI Direct is regulated by Securities and Exchange Board of India (SEBI) among others. Bulbrokers serves 10,000+ clients worldwide; ICICI Direct has 2,000,000+. The minimum deposit is $100 at Bulbrokers and $0 at ICICI Direct.
| Feature | Bulbrokers | ICICI Direct |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Regulation | Financial Services Authority (FSA) | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange |
| Founded | 2000 | 1994 |
| Country | Bulgaria | India |
| Clients | 10,000+ | 2,000,000+ |
Fees
Fees are a critical factor when choosing between Bulbrokers 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 Bulbrokers). Neither broker charges withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, ICICI Direct scores higher on fees in our assessment.
| Feature | Bulbrokers | ICICI Direct |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Bulbrokers offers MT5, cTrader, while ICICI Direct supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. ICICI Direct supports social and copy trading features, which Bulbrokers does not offer. ICICI Direct edges ahead on platform breadth and functionality in our scoring.
| Feature | Bulbrokers | ICICI Direct |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bulbrokers and ICICI Direct compare. ICICI Direct runs regular live webinars; Bulbrokers does not. ICICI Direct has a video library; Bulbrokers does not. ICICI Direct publishes daily market commentary; Bulbrokers does not. ICICI Direct integrates third-party research tools (Trading Central); Bulbrokers does not. ICICI Direct maintains an archive of past webinars for on-demand viewing. ICICI Direct scores higher overall in education and research.
| Feature | Bulbrokers | 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. Bulbrokers accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while ICICI Direct supports 1 (bank transfer). Bulbrokers uniquely supports credit/debit card among the two brokers. Bulbrokers scores higher on deposit and withdrawal flexibility.
| Feature | Bulbrokers | ICICI Direct |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | 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. Both Bulbrokers and ICICI Direct offer live chat support. Both provide phone support. Email support is available at both brokers. Bulbrokers supports 2 languages and ICICI Direct supports 13, giving ICICI Direct broader global reach. Both brokers are comparable on support quality.
| Feature | Bulbrokers | ICICI Direct |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |