ICICI Direct
Teletrade
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Overview
ICICI Direct was founded in 1994 and is headquartered in India, while Teletrade was established in 2008 and is based in Cyprus. ICICI Direct holds licences including Securities and Exchange Board of India (SEBI), while Teletrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. ICICI Direct serves 2,000,000+ clients worldwide; Teletrade has 50,000+. The minimum deposit is $0 at ICICI Direct and $100 at Teletrade.
| Feature | ICICI Direct | Teletrade |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Regulation | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) |
| Founded | 1994 | 2008 |
| Country | India | Cyprus |
| Clients | 2,000,000+ | 50,000+ |
Fees
Fees are a critical factor when choosing between ICICI Direct and Teletrade, directly affecting your bottom line as a trader. ICICI Direct has a lower barrier to entry with a minimum deposit of $0 (vs $100 at Teletrade). Neither broker charges withdrawal fees. ICICI Direct applies inactivity fees on dormant accounts; Teletrade does not. Overall, ICICI Direct scores higher on fees in our assessment.
| Feature | ICICI Direct | Teletrade |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
ICICI Direct offers MT4, MT5, cTrader, while Teletrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. ICICI Direct supports social and copy trading features, which Teletrade does not offer. The two brokers are closely matched on platform offering.
| Feature | ICICI Direct | Teletrade |
|---|---|---|
| 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, Web Trader, Tablet & Mobile apps (Ios & Android) |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ICICI Direct and Teletrade 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. Teletrade scores higher overall in education and research.
| Feature | ICICI Direct | Teletrade |
|---|---|---|
| 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 Teletrade supports 2 (Skrill, Neteller). ICICI Direct uniquely supports bank transfer among the two brokers. Teletrade uniquely supports Skrill and Neteller among the two brokers. Teletrade scores higher on deposit and withdrawal flexibility.
| Feature | ICICI Direct | Teletrade |
|---|---|---|
| Bank Transfer | Yes | No |
| Credit Card | No | No |
| PayPal | No | No |
| 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 Teletrade offer live chat support. Both provide phone support. Email support is available at both brokers. ICICI Direct supports 13 languages and Teletrade supports 15, giving Teletrade broader global reach. Both brokers are comparable on support quality.
| Feature | ICICI Direct | Teletrade |
|---|---|---|
| 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, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |