Ezinvest
ICICI Direct
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Overview
Ezinvest was founded in 2008 and is headquartered in Cyprus, while ICICI Direct was established in 1994 and is based in India. Ezinvest holds licences including Cyprus Securities and Exchange Commission (CySEC), while ICICI Direct is regulated by Securities and Exchange Board of India (SEBI) among others. Ezinvest serves 10,000+ clients worldwide; ICICI Direct has 2,000,000+. The minimum deposit is $500 at Ezinvest and $0 at ICICI Direct.
| Feature | Ezinvest | ICICI Direct |
|---|---|---|
| Min. Deposit | $500 | $0 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange |
| Founded | 2008 | 1994 |
| Country | Cyprus | India |
| Clients | 10,000+ | 2,000,000+ |
Fees
Fees are a critical factor when choosing between Ezinvest 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 Ezinvest). 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 | Ezinvest | ICICI Direct |
|---|---|---|
| Min. Deposit | $500 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Ezinvest offers MT4, MT5, cTrader, while ICICI Direct supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Ezinvest | 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 | MT4, Mac, Android, iPhone/iPad | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Ezinvest and ICICI Direct compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Ezinvest scores higher overall in education and research.
| Feature | Ezinvest | ICICI Direct |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ezinvest accepts 3 of the tracked payment methods (credit/debit card, Skrill, Neteller), while ICICI Direct supports 1 (bank transfer). Ezinvest uniquely supports credit/debit card and Skrill and Neteller among the two brokers. ICICI Direct uniquely supports bank transfer among the two brokers. Ezinvest scores higher on deposit and withdrawal flexibility.
| Feature | Ezinvest | ICICI Direct |
|---|---|---|
| Bank Transfer | No | Yes |
| Credit Card | Yes | No |
| PayPal | No | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Ezinvest and ICICI Direct offer live chat support. Both provide phone support. Email support is available at both brokers. Ezinvest supports 15 languages and ICICI Direct supports 13, giving Ezinvest broader global reach. Both brokers are comparable on support quality.
| Feature | Ezinvest | ICICI Direct |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Hindi, Hebrew, Arabic, Russian | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |