ICICI Direct
Ingot Brokers
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Overview
ICICI Direct was founded in 1994 and is headquartered in India, while Ingot Brokers was established in 2004 and is based in Australia. ICICI Direct holds licences including Securities and Exchange Board of India (SEBI), while Ingot Brokers is regulated by Australian Securities and Investment Commission (ASIC) among others. ICICI Direct serves 2,000,000+ clients worldwide; Ingot Brokers has 10,000+. The minimum deposit is $0 at ICICI Direct and $1000 at Ingot Brokers.
| Feature | ICICI Direct | Ingot Brokers |
|---|---|---|
| Min. Deposit | $0 | $1000 |
| Regulation | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Australian Securities and Investment Commission (ASIC) |
| Founded | 1994 | 2004 |
| Country | India | Australia |
| Clients | 2,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ICICI Direct and Ingot Brokers, directly affecting your bottom line as a trader. ICICI Direct has a lower barrier to entry with a minimum deposit of $0 (vs $1000 at Ingot Brokers). 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 | ICICI Direct | Ingot Brokers |
|---|---|---|
| Min. Deposit | $0 | $1000 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
ICICI Direct offers MT4, MT5, cTrader, while Ingot Brokers supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. ICICI Direct supports social and copy trading features, which Ingot Brokers does not offer. The two brokers are closely matched on platform offering.
| Feature | ICICI Direct | Ingot Brokers |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, Tablet & Mobile apps | MT4, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ICICI Direct and Ingot Brokers compare. ICICI Direct runs regular live webinars; Ingot Brokers does not. Both provide video tutorials. ICICI Direct publishes daily market commentary; Ingot Brokers 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 | ICICI Direct | Ingot Brokers |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ICICI Direct accepts 1 of the tracked payment methods (bank transfer), while Ingot Brokers supports 2 (bank transfer, credit/debit card). Ingot Brokers uniquely supports credit/debit card among the two brokers. Ingot Brokers scores higher on deposit and withdrawal flexibility.
| Feature | ICICI Direct | Ingot Brokers |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | No | Yes |
| 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 ICICI Direct and Ingot Brokers offer live chat support. Both provide phone support. Email support is available at both brokers. ICICI Direct supports 13 languages and Ingot Brokers supports 2, giving ICICI Direct broader global reach. Both brokers are comparable on support quality.
| Feature | ICICI Direct | Ingot Brokers |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce | English, and Chinese |