ICICI Direct
Windsor Brokers
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Overview
ICICI Direct was founded in 1994 and is headquartered in India, while Windsor Brokers was established in 2005 and is based in Cyprus. ICICI Direct holds licences including Securities and Exchange Board of India (SEBI), while Windsor Brokers is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. ICICI Direct serves 2,000,000+ clients worldwide; Windsor Brokers has 10,000+. The minimum deposit is $0 at ICICI Direct and $100 at Windsor Brokers.
| Feature | ICICI Direct | Windsor Brokers |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Regulation | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1994 | 2005 |
| Country | India | Cyprus |
| Clients | 2,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ICICI Direct and Windsor Brokers, 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 Windsor Brokers). Neither broker charges withdrawal fees. ICICI Direct applies inactivity fees on dormant accounts; Windsor Brokers does not. Overall, ICICI Direct scores higher on fees in our assessment.
| Feature | ICICI Direct | Windsor Brokers |
|---|---|---|
| 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 Windsor Brokers 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 | Windsor Brokers |
|---|---|---|
| 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, Mirror 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 Windsor Brokers compare. ICICI Direct runs regular live webinars; Windsor Brokers does not. Both provide video tutorials. ICICI Direct publishes daily market commentary; Windsor Brokers 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 | Windsor Brokers |
|---|---|---|
| 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 Windsor Brokers supports 2 (bank transfer, credit/debit card). Windsor Brokers uniquely supports credit/debit card among the two brokers. Windsor Brokers scores higher on deposit and withdrawal flexibility.
| Feature | ICICI Direct | Windsor Brokers |
|---|---|---|
| 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 Windsor Brokers offer live chat support. Both provide phone support. Email support is available at both brokers. ICICI Direct supports 13 languages and Windsor Brokers supports 2, giving ICICI Direct broader global reach. Both brokers are comparable on support quality.
| Feature | ICICI Direct | Windsor Brokers |
|---|---|---|
| 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 |