ICICI Direct
Zacks Trade
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Overview
ICICI Direct was founded in 1994 and is headquartered in India, while Zacks Trade was established in 2008 and is based in United States. ICICI Direct holds licences including Securities and Exchange Board of India (SEBI), while Zacks Trade is regulated by Unregulated among others. ICICI Direct serves 2,000,000+ clients worldwide; Zacks Trade has 10,000+. The minimum deposit is $0 at ICICI Direct and $2500 at Zacks Trade.
| Feature | ICICI Direct | Zacks Trade |
|---|---|---|
| Min. Deposit | $0 | $2500 |
| Regulation | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Unregulated |
| Founded | 1994 | 2008 |
| Country | India | United States |
| Clients | 2,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ICICI Direct and Zacks Trade, directly affecting your bottom line as a trader. ICICI Direct has a lower barrier to entry with a minimum deposit of $0 (vs $2500 at Zacks Trade). Neither broker charges withdrawal fees. ICICI Direct applies inactivity fees on dormant accounts; Zacks Trade does not. Zacks Trade charges deposit fees; ICICI Direct does not. Overall, ICICI Direct scores higher on fees in our assessment.
| Feature | ICICI Direct | Zacks Trade |
|---|---|---|
| Min. Deposit | $0 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
ICICI Direct offers MT4, MT5, cTrader, while Zacks Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. ICICI Direct supports social and copy trading features, which Zacks Trade does not offer. The two brokers are closely matched on platform offering.
| Feature | ICICI Direct | Zacks Trade |
|---|---|---|
| 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 | Android,iPhone/iPad,Tablet |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ICICI Direct and Zacks Trade 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. Zacks Trade scores higher overall in education and research.
| Feature | ICICI Direct | Zacks Trade |
|---|---|---|
| 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 Zacks Trade supports 2 (bank transfer, credit/debit card). Zacks Trade uniquely supports credit/debit card among the two brokers. Zacks Trade scores higher on deposit and withdrawal flexibility.
| Feature | ICICI Direct | Zacks Trade |
|---|---|---|
| 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 Zacks Trade offer live chat support. Both provide phone support. Email support is available at both brokers. ICICI Direct supports 13 languages and Zacks Trade supports 2, giving ICICI Direct broader global reach. Both brokers are comparable on support quality.
| Feature | ICICI Direct | Zacks Trade |
|---|---|---|
| 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 |