ICICI Direct
Sharekhan
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Overview
ICICI Direct was founded in 1994 and is headquartered in India, while Sharekhan was established in 2000 and is based in India. Both brokers are regulated by Securities and Exchange Board of India (SEBI), among other authorities. ICICI Direct serves 2,000,000+ clients worldwide; Sharekhan has 1,500,000+. Both brokers share the same minimum deposit of $0.
| Feature | ICICI Direct | Sharekhan |
|---|---|---|
| Min. Deposit | $0 | $0 |
| Regulation | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange |
| Founded | 1994 | 2000 |
| Country | India | India |
| Clients | 2,000,000+ | 1,500,000+ |
Fees
Fees are a critical factor when choosing between ICICI Direct and Sharekhan, directly affecting your bottom line as a trader. Both require a minimum deposit of $0. Sharekhan charges withdrawal fees while ICICI Direct does not, giving ICICI Direct an edge for frequent withdrawers. ICICI Direct applies inactivity fees on dormant accounts; Sharekhan does not. The two brokers are broadly comparable on fee structure.
| Feature | ICICI Direct | Sharekhan |
|---|---|---|
| Min. Deposit | $0 | $0 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
ICICI Direct offers MT4, MT5, cTrader, while Sharekhan 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 | ICICI Direct | Sharekhan |
|---|---|---|
| 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 | Web Trader, 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 Sharekhan 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. Sharekhan scores higher overall in education and research.
| Feature | ICICI Direct | Sharekhan |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| 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 Sharekhan supports 1 (bank transfer). Both brokers support the same set of payment methods.
| Feature | ICICI Direct | Sharekhan |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | No | 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 ICICI Direct and Sharekhan offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 13 languages. Both brokers are comparable on support quality.
| Feature | ICICI Direct | Sharekhan |
|---|---|---|
| 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, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |