ICICI Direct
Oinvest
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Overview
ICICI Direct was founded in 1994 and is headquartered in India, while Oinvest was established in 2019 and is based in South Africa. ICICI Direct holds licences including Securities and Exchange Board of India (SEBI), while Oinvest is regulated by Southern African Financial Sector Conduct Authority (FSCA) among others. ICICI Direct serves 2,000,000+ clients worldwide; Oinvest has 10,000+. The minimum deposit is $0 at ICICI Direct and $200 at Oinvest.
| Feature | ICICI Direct | Oinvest |
|---|---|---|
| Min. Deposit | $0 | $200 |
| Regulation | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Southern African Financial Sector Conduct Authority (FSCA) |
| Founded | 1994 | 2019 |
| Country | India | South Africa |
| Clients | 2,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ICICI Direct and Oinvest, directly affecting your bottom line as a trader. ICICI Direct has a lower barrier to entry with a minimum deposit of $0 (vs $200 at Oinvest). 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 | Oinvest |
|---|---|---|
| Min. Deposit | $0 | $200 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
ICICI Direct offers MT4, MT5, cTrader, while Oinvest supports 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. ICICI Direct edges ahead on platform breadth and functionality in our scoring.
| Feature | ICICI Direct | Oinvest |
|---|---|---|
| MT4 | Yes | No |
| 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, iOS, MacBook, iPhone |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ICICI Direct and Oinvest compare. ICICI Direct runs regular live webinars; Oinvest does not. Both provide video tutorials. ICICI Direct publishes daily market commentary; Oinvest 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 | Oinvest |
|---|---|---|
| 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 Oinvest supports 2 (bank transfer, credit/debit card). Oinvest uniquely supports credit/debit card among the two brokers. Oinvest scores higher on deposit and withdrawal flexibility.
| Feature | ICICI Direct | Oinvest |
|---|---|---|
| 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 Oinvest offer live chat support. Both provide phone support. Email support is available at both brokers. ICICI Direct supports 13 languages and Oinvest supports 2, giving ICICI Direct broader global reach. Both brokers are comparable on support quality.
| Feature | ICICI Direct | Oinvest |
|---|---|---|
| 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 |