ICICI Direct Review
ICICI Direct is an Indian top-rated bank based stockbroker brand. It deals with retail financial services, investments, and trading across all segments. ICICI Securities is the brokerage arm of the well-known brand ICICI Group.
Being India’s 3rd largest banking based brokerage firm in terms of services, assets and market capitalization. It started its services in the year 1994 and at present, it manages to provide services all across the country including services in many international countries.
The network of the ICICI Direct is well distributed over 87 locations in India with more than 200 physical offline offices offering all types of services to its valuable customers. The managing director and CEO of ICICI Securities are Ms. Shilpa Kumar, The CFO is Mr. Prashant Mohta and the Executive Director is Mr. Ajay Saraf.
ICICI Group offers various services to its customers with retail brokering facilities, banking services; institutional brokering and research-based advisory services to financial institutions, individuals, corporates and other retail investors.
The most advantageous feature of opening a trading account with ICICI Direct is that it offers 3 in 1 DEMAT Account with the features of trading, banking, and DEMAT. Having a demat account will get a hassle-free trading experience with superfast fund transfer as your bank account is directly integrated with your trading account.
The active client base of ICICI Direct is around 8,70,070 in the financial year 2019-20 which is the 2nd largest client base in the trading industry. The broker offers almost every financial, investments and trading segment. Some of them are as follows:
- Equity Trading
- Derivative Trading
- Mutual Funds Investments
- Currency Trading
- Futures Trading
- All the of Loans
- Fixed Deposits
- Tax-related services
- Pension Systems
- Insurance
- Corporate Deposits
- IPOs
- Bonds
- NCDs
- ICICI PMS
- E-Locker
ICICI direct Trading Software And Platforms
ICICI Direct is a well-managed brokerage firm to utilize all the advance technologies in their trading platforms for better trade results for its customer’s satisfaction. It mainly offers all trading platforms for Laptop, Desktop, mobile devices.
Let’s check out all the trading platforms individually in a detailed way:
1. ICICI DIRECT Trade Racer – A Desktop Based Trading platform
ICICI Trade Racer is an installable desktop-based trading platform which comes in an executable file format. The user can easily download and install it on their laptops or desktops.
Here are some best features of ICICI Direct Trade Racer:
- It allows the customer to monitor all trading scrip within a single screen or trading interface.
- The terminal comes with a live scanner feature for identifying specific stocks as per the client’s choice.
- It includes heat map features to identify the highs and lows of the stocks directly via using the color-coding schemes without starching the real data.
- The customer can customize the trading platform by changing the layouts and manage personalized market charts as per trading style and pattern.
2. ICICI Direct Trade Racer Web – A Web browser-based Trading terminal
ICICI Trade racer Web is the official web-browser based trading platform of ICICI Securities. It is mainly designed for those who don’t want to install any trading software in their devices and it can be accessed from multiple devices without any issues.
The top features are mentioned below:
- The web-based terminal offers real-time streaming of stocks and its quotes.
- It allows the investor to drag and drop trade widgets with the trading window.
- The user can customers market watch list as per their choice in trading and can manage up to 5 lists at once.
- It comes with trade alerts and other real-time notification for efficient trading.
3. ICICI Direct Mobile Application – A Mobile-based Trading application
ICICI Mobile is the official mobile-based trading application specially designed for mobile users who prefer trading on the go. It helps the user to trade from anywhere at any time. However, the performance is mediocre while comparing with other platforms.
Here are some best features of the mobile trading application:
- The mobile application allows its users to deal with the latest stocks and scrip.
- It helps its users to analyze market-based research reports
- Being a user you can handle portfolio tracking and manage market movements
- It offers real-time research calls and trade recommendations and valuable market tips.
ICICI Direct Research Report And Advisory Trading Tips
ICICI Direct acknowledges the use of financial education and literacy and has used a range of resources to generate knowledge of encouraging its consumers to make better investment choices. ICICI Direct is India’s only brokerage firm to provide trade training facilities to its customers on multiple economic segments.
- iCommunity is a digital space where people can raise questions, get responses to their inquiries, and catch up with many other experts.
- Web seminars on Shares, Mutual Funds, Stocks, Securities, and Technological Research.
- Digital Education Training
ICICIdirect makes above-average market decisions for regular selections, frequent choices, and quick-term, lengthy-term, and free-of-charge commodity futures investing.
They offer every possible support to its users concerning
- Trade Research Reports
- Annual Reports with recommendations
- Fundamental Reports analysis
- Detailed Company Reports
- Relationship manager assistance
- Weekly reports and trade tips
- Offline Advisory services
- Monthly Reports and trade recommendations
- Daily Market Review reports
- Real-time Company Stock Review
- Initial Public Offerings Reports
ICICI Direct Customer Care, Support and Office Addresses
The broker offers a variety of customer support services and allows its users to communicate with them:
- Via Email
- Over Phone Call
- Offline Branches Assistance
- Web-based help
Customer Services Numbers, Office addresses, and E-Mail helpline, Fax details.
Registered Office Address | ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai – 400020 |
Telephone no. | +91 22 2288 2460 / +91 22 2288 2470 |
Fax | +91 22 2288 2445 |
Corporate Office Address | Shree Sawan Knowledge Park, Plot No. D – 507, T.T.C. Industrial Area, M.I.D.C., Turbhe, Navi Mumbai – 400705 |
Telephone no. | +91 22 4070 1000 |
Fax | +91 22 4070 1022 |
Toll-free No. | 1860 123 1122 |
ICICI Direct Customer Ratings
Segments | Rating |
Trading Platforms | 6.5 out of 10 |
Brokerage and pricing | 5.0 out of 10 |
Customer Service | 7.0 out of 10 |
Research and trading tips | 6.5 out of 10 |
ICICI Direct Prices and Charges
1. ICICI Direct Account Opening Charges
Here the account opening charges ICICI Securities imposes on its customers:
Segments | Opening Charges |
Opening Charges (Trading Account) | Rs.0 |
Opening Charges (DEMAT Account) | Rs.0 |
Annual Maintenance Charges (Trading Account) | Rs. 975 |
Annual Maintenance Charges (DEMAT Account) | Rs.500 |
Minimum Margin Money | Rs. 20000 |
The account opening charges for trading and DEMAT accounts are not chargeable. However, the Annual maintenance charges for Trading Account are Rs.975 and for DEMAT Account is Rs.500.
They have made it compulsory for their different merchants and buyers to retain a minimum deposit of Rs. 20,000 in support of Margin Funds to exchange smoothly.
2. ICICI Direct Brokerage Charges and Plans
ICICI Direct offers 2 types of brokerage plans to its users. Here are the plans mentioned below:
ICICI Direct I – Secure Plan
Under this program, the proportion of brokerage stays stable irrespective of turnover. This is a perfect product for customers who want to provide a set investment contract.
Segments | Brokerage Rates |
Currency options | Rs.10 to rs.25 /Lot |
Equity Options | Rs.35 to Rs.95/Lot |
Commodity | Not Applicable |
Equity Delivery | 0.55% |
Equity intraday | 0.275% |
Equity Futures | 0.03% to 0.05% |
Currency Futures | 0.03% to 0.05% |
Below are several points to consider if you want to apply for an I-Secure plan.
- The minimum trading fee would be Rs.5 per exchange or 2.5 percent of the trade volume and is lower for trades up to Rs. 6364 for trades of stocks greater than Rs.10.
- Stock trading below Rs.10 would be charged Rs.0.05 percent trading/share. In this scenario, the cumulative brokerage would be Rs.0.05 percent or Rs.35 whichever is lower. Contractual costs shall be imposed on the brokerage.
ICICI Direct I – Saver Plan
This brokerage plan is focused on just the amount of exchange involved. In other terms, large volume transactions would have minimal brokerage and small size transactions would have higher brokerage rates.
Total Eligible Turnover (Per calendar Quarter) | Percentage Intraday Brokerage | Percentage Delivery Brokerage |
More than Rs 5 Crores | 0.25% | 0.125% |
Between Rs 2 Crores to 5 Crores | 0.30% | 0.150% |
Between Rs 1 Crores to 2 Crores | 0.35% | 0.175% |
Between Rs 50 Lakhs to 1 Crores | 0.45% | 0.225% |
Between Rs 25 Lakhs to 50 Lakhs | 0.55% | 0.275% |
Between Rs 10 Lakhs to 25 Lakhs | 0.70% | 0.350% |
Between Less than Rs 10 Lakhs | 0.75% | 0.375% |
There are a few things you must need to know before choosing the I-saver brokerage plan:
- Rs.5 /order is the minimum brokerage charge or 2.5% of the total transaction amount for trading below Rs.4667 and each share must be of Rs.10.
- Stock trading below Rs.10 would be charged Rs.0.05 percent trading/share. The cumulative brokerage in the situation would be Rs.0.05 percent or Rs.35 equivalent to a limit of Rs.0.25 per share that is lesser. The regulatory costs would be imposed on the brokerage.
3. ICICI Direct Other Charges
Here are some charges the broker charges from its users. So we recommend you to check each of them carefully.
Segments | Charges |
Account Opening Charges | Nil |
Annual Service Charges (AMC) | Rs 600 (Rs 500 for customers receiving email statements) |
Buy – Market and Off-Market | Nil |
Sell – Market and Off-Market | (Maximum Rs 500 for debt instruments / Nil for Trades done on www.icicidirect.com) |
* Instruction submitted through Internet (E-inst / IVR) | 0.04% (Minimum Rs 25 and Maximum Rs 25,000) |
* Instruction submitted through Call Centre | 0.04% (Minimum Rs 30 and Maximum Rs 25,000) |
* Instruction submitted at Branches | 0.04% (Minimum Rs 35 and Maximum Rs 25,000) |
Rejection/fails | Rs 30 |
Extra charges for the processing of TIFDs submitted late (% of transaction value) | |
* Instruction submitted through Internet (Einst/IVR) | Nil |
* Instruction submitted through Call Centre | Nil |
* Instruction submitted at branches (accepted at Client’s risk) | Rs 10 per ISIN (Nil for e-instructions) |
Dematerialization | |
* For each request form | Rs 50 |
* Extra for each certificate | Rs 3 |
Rematerialization | A fee of Rs 25 for every hundred securities or part thereof, subject to the maximum fee of Rs 3,00,000 or a flat fee of Rs 25 per certificate, whichever is higher. |
Reconversion of MF units | Rs 25 per instruction |
Closure of Account | Nil |
Pledge Creation/Closure/Confirmation/ Invocation | |
* If, ICICI Bank is counterparty | 0.02% (Minimum Rs 25 and Maximum Rs 25,000) |
* If, ICICI Bank is not the counterparty | 0.04% (Minimum Rs 35 and Maximum Rs 25,000) |
Additional Account Statements | Rs 20 |
Like every other conventional brokerage firm and bank ICICI Direct, it is often referred to as a pricey broker in terms of account opening fees and Demat management costs.
In the case of the Demat account, the opening costs for the account would be zero, but the maintenance costs for the account would be about Rs.600.
ICICI Direct Competitor:
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ICICI Direct Margin and Exposure
The below table of contents has been given for you to gain details about what type of flexibility you may obtain from ICICI Direct while dealing with them like an investor or as a trader.
Segments | Exposure / Leverage |
Equity Delivery | up to 8 times leverage |
Equity Intraday | up to 16 times margin |
Equity Futures | up to 8 times exposure |
Equity Options | up to 5-times Margin |
Currency Futures | Exposure up to 8 times |
Currency Options | Leverage Up to 8 times |
Commodities | Not Applicable |
Here it is easily visible from the table of contents described; they provide immense flexibility of up to 8 times the typical exposure for Delivery Trading and up to 16 times the typical exposure for Intraday Trading.
These also provide up to 8 times the actual margin on Currency Futures Trading, up to 5 times the typical exposure on Equity Options Trading and up to 8 times the minimum exposure on Currency Trading options.
It would be enough for you to obtain a basic understanding of what kind of leverage you receive from the well-known investment group.
ICICI Direct Comparison with its Best Competitors
1. ICICI Direct Comparison With Closet Discount Brokers
Brokerage Firm | ICICI Direct | Stoxkart | Upstox | Fyers |
Type Of Service Offered | A full service broking service provider | An Online Discount broking service Provider | A Online Discount Broker | A Online Discount Broker |
Range Of Brokerage Charges | 0.05 % to 0.55% | Rs.15/- | Rs.20/- | Rs.20/- |
Type Of Trading Accounts | Trading, banking and DEMAT Account or 3 in 1 | Trading and DEMAT Account or 2 in 1 | Trading and DEMAT Account or 2 in 1 | Trading and DEMAT Account or 2 in 1 |
Equity Intraday | Rs. 0.03/- or 0.03% | Rs.15/- | Rs.20/- | Rs.20/- |
Currency Options | Rs 25/- each Lot | Rs.15/- | Rs.20/- | Rs.20/- |
Commodity | Not Applicable | Rs.15/- | Rs.20/- | Not Applicable |
Equity Delivery | Rs.0.55/- or 0.55% | Rs.0/- | Rs.0/- | Rs.0/- |
Equity Options | Rs 95/- each Lot | Rs.15/- | Rs.20/- | Rs.20/- |
Currency Futures | Rs.0.05/- or 0.05% | Rs.15/- | Rs.20/- | Rs.20/- |
Equity Futures | Rs.0.05/- or 0.05% | Rs.15/- | Rs.20/- | Rs.20/- |
Rating | 4.0 out of 5.0 | 4.5 out of 5.0 | 4.3 out of 5.0 | 4.0 out of 5.0 |
2. ICICI Direct Comparison with Closet Full Service Broker.
Brokerage Firm | ICICI Direct | Angel Broking | Edelweiss | Sharekhan |
Type Of Service Offered | A full service broking service provider | A Full Service Broker | A Full Service Brokerage Firm | A Full Service broking service provider |
Range Of Brokerage Charges | 0.05 % to 0.55% | Rs.15/- to Rs.30/- | Rs.10/- or 0.5% | 0.10% to 0.50% |
Type Of Trading Accounts | Trading, banking and DEMAT Account or 3 in 1 | Trading and DEMAT Account or 2 in 1 | Trading and DEMAT Account or 2 in 1 | Trading and DEMAT Account or 2 in 1 |
Equity Intraday | Rs. 0.03/- or 0.03% | Rs.15/- for less than Rs.50,000/- And Rs.30/- for more than Rs.50,000/- | 0.01% of Rs.10/- | Rs.0.10/- or 0.1% |
Currency Options | Rs 25/- each Lot | Rs.30/- | Rs.10/- | Rs.25/- or 2.5% |
Commodity | Not Applicable | Rs.30/- | Not Applicable | Rs.0.10/- or 0.1% |
Equity Delivery | Rs.0.55/- or 0.55% | Rs.15/- for less than Rs.50,000/- And Rs.30/- for more than Rs.50,000/- | 0.01% of Rs.10/- | Rs.0.50/- or 0.5% |
Equity Options | Rs 95/- each Lot | Rs.30/- | 0.01% of Rs.10/- | Rs.25/- or 2.5% |
Currency Futures | Rs.0.05/- or 0.05% | Rs.30/- | 0.01% of Rs.10/- | Rs.0.10/- or 0.1% |
Equity Futures | Rs.0.05/- or 0.05% | Rs.30/- | 0.01% of Rs.10/- | Rs.0.10/- or 0.1% |
Rating | 4.0 out of 5.0 | 4.3 out of 5.0 | 4.1 out of 5.0 | 4.0 out of 5.0 |
Complaints against the broker at stock Exchanges.
The investor disputes of ICICI Securities Pvt Ltd. include a list of the claims submitted in an exchange for settlement.
Exchange | Financial Year | Number of Clients * | Total Complaints ** |
BSE | 2019-20 | 310,156 | 21 |
NSE | 2019-20 | 1,014,293 | 161 |
BSE | 2018-19 | 250,225 | 25 |
NSE | 2018-19 | 830,661 | 161 |
BSE | 2017-18 | 417,147 | 84 |
NSE | 2017-18 | 798,355 | 153 |
BSE | 2016-17 | 296,286 | 21 |
NSE | 2016-17 | 618,359 | 132 |
BSE | 2015-16 | 308,908 | 27 |
NSE | 2015-16 | 560,438 | 153 |
ICICI Direct Merits and Demerits
ICICI Direct Merits
- The broker offers 3 in 1 account facility to its users. It makes things easy to transact digitally.
- Users may purchase and sell small orders in the stock scripts of their preference.
- Trade is open across both BSE & NSE
- ICICI Investments lets you control your wealth and financial deposits efficiently. Profit from the sale of stocks is accessible on the ICICI banking account.
- Provides innovation in various economic markets
- A limited speed portal is available to those with weak broadband connections.
ICICI Direct Demerits
- Higher brokerage charge and it is fixed in nature no negotiation is allowed. The standard rate brokerage is Rs 35 / transaction, which is higher for other investors.
- It doesn’t provide transactions in commodities.
- MCX and NCDEX dealing is still not available.
- In 3-in-1 deposits, all Demat and trading deposits must be created just in the ICICI branch.
- Rs.75 is charged monthly for using its desktop-based trading platform.
Conclusion
ICICI Investments has the strongest investment opportunities in the marketplace yet at a premium price and trading cost. In the middle, the marketing research insights and advice are reliable. The customer service team is not adequate; but, with a customer base of 20 lacs, such grievances are perceived to just be marginal.
Consumers are glad of the trading platforms, which are effective and consumer-friendly, offering the dealer evidence of practice. Individuals are already switching to discount brokers only to keep their trading competitive with minimum brokerage charges.
This is, therefore, safer to go for ICICI Investments when you have great financial support and also don’t worry very much about gain and losses.
ICICI Direct Alternative:
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ICICI Direct FAQs
Q1. Is there any bank related facility available with ICICI Direct?
Ans. Yes, there is bank related facility available with ICICI Direct.
Q2. Does ICICI Direct offer all types of financial services?
Ans. Yes, ICICI Direct offers all types of financial services.
Q3. When ICICI Direct came into existence?
Ans. In the year 1994 ICICI Securities started its services all across the country.
Q4.Who is the CEO of ICICIDirect?
Ans. Ms. Shilpa Kumar is the CEO of ICICIDirect.
Q5. Who is the Chief Financial officer of ICICI Securities?
Ans. Mr. Prashant Mohta is the Chief Financial Officer of ICICI Securities.
Q6. Does ICICI Securities charge extra fees for using their trading platforms?
Ans. Yes, ICICI Securities charges extra fees for using their trading platforms
Q7. Is there any facility with ICICI Direct to provide offline services to its users?
Ans. Yes, the offline branch customer service facility is available by the brokerage firm.
Q8. Does Institutional broking is allowed with ICICI Securities?
Ans. Yes, Institutional broking is allowed with ICICI Securities.
Q9. Is it trustworthy to rely on research reports of ICICI Direct?
Ans. Yes, it is trustworthy to rely on research reports of ICICI Direct.
Q10. Is it trustworthy to rely on advisory reports of ICICI Direct?
Ans. Yes, it is trustworthy to rely on advisory reports of ICICI Direct.
Q11. Does ICICI Securities offer 3 in 1 Trading account facility to its users?
Ans. Yes, ICICI Securities offers a 3 in 1 trading account facility to its users.
Q12. Does ICICI Direct Offer an integrated fund transfer option to its users?
Ans. Yes, ICICI Direct Offers an integrated fund transfer option to its users.
Q13. Does Equity trading facility is available with ICICI Securities?
Ans. Yes, Equity trading facility is available with ICICI Securities.
Q14. Investing in Mutual funds is allowed by the ICICI Brokerage firm?
Ans. Yes, Investing in Mutual funds is allowed by the ICICI Brokerage firm.
Q15. Investing in Fixed Deposits is allowed by the ICICI Brokerage firm?
Ans. Yes, Investing in Fixed Deposits is allowed by the ICICI Brokerage firm.
Q16. Is Trading with derivatives is allowed with ICICI Direct?
Ans. Yes, Trading with derivatives is allowed with ICICI Direct.
Q17. Is Trading with Currency is allowed with ICICI Direct?
Ans. Yes, Trading with Currency is allowed with ICICI Direct.
Q18. Is Trading with Futures is allowed with ICICI Direct?
Ans. Yes, Trading with Futures is allowed with ICICI Direct.
Q19. Being a Full-service broker Does ICICI Direct offers IPO investment?
Ans. Yes, ICICI Direct offers IPO investment to its clients.
Q20. Being a Full-service broker Does ICICI Direct offers Bonds investment?
Ans. Yes, ICICI Direct offers Bonds investment to its clients.
Q21. Being a Full-service broker Does ICICI Direct offers NCDs investment?
Ans. Yes, ICICI Direct offers NCDs investment to its clients.
Q22. Is there any e-locker facility available with ICICI Securities?
Ans. Yes, an e-locker facility available with ICICI Securities.
Q23. Does ICICI Securities provide a desktop-based trading platform?
Ans. Yes, ICICI Securities provide a desktop-based trading platform.
Q24. Is there any web-based trading terminal available with ICICI Direct?
Ans. Yes, there is a web based trading terminal available with ICICI Direct.
Q25. Does ICICI Securities provide a mobile-based trading platform?
Ans. Yes, ICICI Securities provide a mobile-based trading platform.
Q26. What is the name of the web-based trading platform of ICICI Securities?
Ans. The name of the web-based trading platform of ICICI Securities is ICICI Direct Trade Racer Web.
Q27. Is trading with a desktop trading platform is effective to gain profits?
Ans. Yes, trading with a desktop trading platform is effective to gain profits.
Q28. What is the name of the mobile-based trading platform of ICICI Securities?
Ans. The name of the mobile-based trading platform of ICICI Securities is ICICI Direct Mobile.
Q29. Is there any facility of Annual report publication with ICICI Direct?
Ans. Yes, there is a facility of Annual report publication with ICICI Direct.
Q30. Does ICICI Securities offer trade recommendations?
Ans. Yes, ICICI Securities offer trade recommendations.
Q31. Is there any facility of Company report publication with ICICI Direct?
Ans. Yes, there is a facility of Company report publication with ICICI Direct.
Q32. Does ICICI Securities offer support from Relationship managers?
Ans. Yes, ICICI Securities offer support from Relationship managers.
Q33. Is there any facility of real-time stock reports with ICICI Direct?
Ans. Yes, there is a facility of real-time stock reports with ICICI Direct.
Q34. Is there any facility of Daily market reports with ICICI Direct?
Ans. Yes, there is a facility of Daily Market reports with ICICI Direct.
Q35. Is there any facility of monthly research reports with ICICI Direct?
Ans. Yes, there is a facility of monthly research reports with ICICI Direct.
Q36. Is there any facility offered by ICICI Securities via EMAIL for its customers?
Ans. Yes, the Email Service facility is offered by ICICI Securities for its customers.
Q37. Is there any facility offered by ICICI Securities over the phone for its customers?
Ans. Yes, over phone Service facility is offered by ICICI Securities for its customers.
Q38. Is there any support offered by ICICI Securities via offline branches for its customers?
Ans. Yes, offline branch support is offered by ICICI Securities for its customers.
Q39. Mention the toll-free customer care number of ICICI Securities?
Ans. The toll-free customer care number of ICICI Securities is 1860 123 1122.
Q40. How much does ICICI Securities impose on its user fort opening a Trading Account?
Ans. ICICI Securities imposes no charge on its user for opening a Trading Account.
Q41. How much does ICICI Securities impose on its user for opening a DEMAT Account?
Ans. ICICI Securities imposes no charge on its user fort opening a DEMAT Account.
Q42. How much does ICICI Securities impose on its clients for the AMC of a DEMAT Account?
Ans. ICICI Securities imposes Rs.500 on its user for AMC of a DEMAT Account.
Q43. How much does ICICI Securities impose on its clients for the AMC of a Trading Account?
Ans. ICICI Securities imposes Rs.975 on its user for AMC of a Trading Account.
Q44. How much does ICICI Securities impose on its clients as minimum margin money for trading?
Ans. ICICI Securities imposes Rs.975 on its user as minimum margin money for trading.
Q45. How much does ICICI Direct charges for Currency option brokerage fees?
Ans. ICICI Direct charges Rs.10 to rs.25 /Lot for Currency option brokerage fees.
Q46. How much does ICICI Direct charges for Equity option brokerage fees?
Ans. ICICI Direct charges Rs.35 to Rs.95/Lot for Equity option brokerage fees.
Q47. What is the brokerage charge of ICICI Direct for Equity Delivery?
Ans. ICICI Direct charges 0.55% for Equity Delivery brokerage fees.
Q48. How much does ICICI Direct charges for Equity intraday brokerage fees?
Ans. ICICI Direct charges 0.275% for Equity intraday brokerage fees.
Q49. How much do ICICI Direct charges for Equity Futures brokerage fees?
Ans. ICICI Direct charges 0.03% to 0.05% for Equity Futures brokerage fees.
Q50. How much do ICICI Direct charges for Currency Futures brokerage fees?
Ans. ICICI Direct charges 0.03% to 0.05% for Currency futures brokerage fees.