ICICI Direct
Trade360
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Overview
ICICI Direct was founded in 1994 and is headquartered in India, while Trade360 was established in 2013 and is based in Cyprus. ICICI Direct holds licences including Securities and Exchange Board of India (SEBI), while Trade360 is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. ICICI Direct serves 2,000,000+ clients worldwide; Trade360 has 10,000+. The minimum deposit is $0 at ICICI Direct and $1 at Trade360.
| Feature | ICICI Direct | Trade360 |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Regulation | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1994 | 2013 |
| Country | India | Cyprus |
| Clients | 2,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ICICI Direct and Trade360, directly affecting your bottom line as a trader. ICICI Direct has a lower barrier to entry with a minimum deposit of $0 (vs $1 at Trade360). Trade360 charges withdrawal fees while ICICI Direct does not, giving ICICI Direct an edge for frequent withdrawers. ICICI Direct applies inactivity fees on dormant accounts; Trade360 does not. Trade360 charges deposit fees; ICICI Direct does not. The two brokers are broadly comparable on fee structure.
| Feature | ICICI Direct | Trade360 |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
ICICI Direct offers MT4, MT5, cTrader, while Trade360 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 | Trade360 |
|---|---|---|
| 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 | Binary, 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 Trade360 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. Trade360 scores higher overall in education and research.
| Feature | ICICI Direct | Trade360 |
|---|---|---|
| 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 Trade360 supports 2 (bank transfer, credit/debit card). Trade360 uniquely supports credit/debit card among the two brokers. Trade360 scores higher on deposit and withdrawal flexibility.
| Feature | ICICI Direct | Trade360 |
|---|---|---|
| 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 Trade360 offer live chat support. Both provide phone support. Email support is available at both brokers. ICICI Direct supports 13 languages and Trade360 supports 2, giving ICICI Direct broader global reach. Both brokers are comparable on support quality.
| Feature | ICICI Direct | Trade360 |
|---|---|---|
| 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 |