ICICI Direct
shaw and partners limited
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Overview
ICICI Direct was founded in 1994 and is headquartered in India, while shaw and partners limited was established in 2014 and is based in Switzerland. ICICI Direct holds licences including Securities and Exchange Board of India (SEBI), while shaw and partners limited is regulated by Financial Conduct Authority (FCA) among others. ICICI Direct serves 2,000,000+ clients worldwide; shaw and partners limited has 250,000+. The minimum deposit is $0 at ICICI Direct and $250 at shaw and partners limited.
| Feature | ICICI Direct | shaw and partners limited |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Regulation | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F305 |
| Founded | 1994 | 2014 |
| Country | India | Switzerland |
| Clients | 2,000,000+ | 250,000+ |
Fees
Fees are a critical factor when choosing between ICICI Direct and shaw and partners limited, directly affecting your bottom line as a trader. ICICI Direct has a lower barrier to entry with a minimum deposit of $0 (vs $250 at shaw and partners limited). 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 | shaw and partners limited |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
ICICI Direct offers MT4, MT5, cTrader, while shaw and partners limited 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 | shaw and partners limited |
|---|---|---|
| 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, MT5, Mac, ZuluTrade, Web Trader, cTrader, 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 shaw and partners limited compare. ICICI Direct runs regular live webinars; shaw and partners limited does not. Both provide video tutorials. ICICI Direct publishes daily market commentary; shaw and partners limited 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 | shaw and partners limited |
|---|---|---|
| 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 shaw and partners limited supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). shaw and partners limited uniquely supports credit/debit card and PayPal and Skrill and Neteller among the two brokers. shaw and partners limited scores higher on deposit and withdrawal flexibility.
| Feature | ICICI Direct | shaw and partners limited |
|---|---|---|
| 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 shaw and partners limited offer live chat support. Both provide phone support. Email support is available at both brokers. ICICI Direct supports 13 languages and shaw and partners limited supports 8, giving ICICI Direct broader global reach. Both brokers are comparable on support quality.
| Feature | ICICI Direct | shaw and partners limited |
|---|---|---|
| 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, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |