ICICI Direct
Libertex
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Overview
ICICI Direct was founded in 1994 and is headquartered in India, while Libertex was established in 2012 and is based in Cyprus. ICICI Direct holds licences including Securities and Exchange Board of India (SEBI), while Libertex is regulated by Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 among others. ICICI Direct serves 2,000,000+ clients worldwide; Libertex has 2,200,000+. The minimum deposit is $0 at ICICI Direct and $117 at Libertex.
| Feature | ICICI Direct | Libertex |
|---|---|---|
| Min. Deposit | $0 | $117 |
| Regulation | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12 |
| Founded | 1994 | 2012 |
| Country | India | Cyprus |
| Clients | 2,000,000+ | 2,200,000+ |
Fees
Fees are a critical factor when choosing between ICICI Direct and Libertex, directly affecting your bottom line as a trader. ICICI Direct has a lower barrier to entry with a minimum deposit of $0 (vs $117 at Libertex). Neither broker charges withdrawal fees. ICICI Direct applies inactivity fees on dormant accounts; Libertex does not. Overall, ICICI Direct scores higher on fees in our assessment.
| Feature | ICICI Direct | Libertex |
|---|---|---|
| Min. Deposit | $0 | $117 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
ICICI Direct offers MT4, MT5, cTrader, while Libertex supports MT4, MT5, a proprietary platform. 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 | ICICI Direct | Libertex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Duplitrade, Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ICICI Direct and Libertex compare. ICICI Direct runs regular live webinars; Libertex does not. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. ICICI Direct maintains an archive of past webinars for on-demand viewing. Libertex scores higher overall in education and research.
| Feature | ICICI Direct | Libertex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| 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 Libertex supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Libertex uniquely supports credit/debit card and PayPal and Skrill and Neteller among the two brokers. Libertex scores higher on deposit and withdrawal flexibility.
| Feature | ICICI Direct | Libertex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | No | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
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 Libertex offer live chat support. Both provide phone support. Email support is available at both brokers. ICICI Direct supports 13 languages and Libertex supports 9, giving ICICI Direct broader global reach. Both brokers are comparable on support quality.
| Feature | ICICI Direct | Libertex |
|---|---|---|
| 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, German, Italian, Dutch, Polish, Spanish, French, Portuguese, Chinese |