eOption
ICICI Direct
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
eOption was founded in 2008 and is headquartered in USA, while ICICI Direct was established in 1994 and is based in India. eOption holds licences including Unregulated, while ICICI Direct is regulated by Securities and Exchange Board of India (SEBI) among others. eOption serves 10,000+ clients worldwide; ICICI Direct has 2,000,000+. The minimum deposit is $500 at eOption and $0 at ICICI Direct.
| Feature | eOption | ICICI Direct |
|---|---|---|
| Min. Deposit | $500 | $0 |
| Regulation | Unregulated | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange |
| Founded | 2008 | 1994 |
| Country | USA | India |
| Clients | 10,000+ | 2,000,000+ |
Fees
Fees are a critical factor when choosing between eOption 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 $500 at eOption). eOption charges withdrawal fees while ICICI Direct does not, a notable advantage for frequent withdrawers. ICICI Direct applies inactivity fees on dormant accounts; eOption does not. eOption charges deposit fees; ICICI Direct does not. Overall, ICICI Direct scores higher on fees in our assessment.
| Feature | eOption | ICICI Direct |
|---|---|---|
| Min. Deposit | $500 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
eOption offers MT4, 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 eOption does not offer. The two brokers are closely matched on platform offering.
| Feature | eOption | ICICI Direct |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | DealBook (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 eOption and ICICI Direct compare. ICICI Direct runs regular live webinars; eOption does not. Both provide video tutorials. ICICI Direct publishes daily market commentary; eOption does not. Both integrate third-party research tools. ICICI Direct maintains an archive of past webinars for on-demand viewing. ICICI Direct scores higher overall in education and research.
| Feature | eOption | ICICI Direct |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. eOption accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while ICICI Direct supports 1 (bank transfer). eOption uniquely supports credit/debit card among the two brokers. eOption scores higher on deposit and withdrawal flexibility.
| Feature | eOption | 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 eOption and ICICI Direct offer live chat support. Both provide phone support. Email support is available at both brokers. eOption supports 2 languages and ICICI Direct supports 13, giving ICICI Direct broader global reach. Both brokers are comparable on support quality.
| Feature | eOption | 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 |