Angel One and ICICIdirect are two of India’s most popular stockbrokers, both offering a wide range of investment services. However, they cater to different audiences — one focusing on low-cost digital investing, and the other emphasizing full-service banking integration and research. This detailed comparison highlights how both brokers differ in fees, products, platforms, and services — helping you decide which is better suited for your investment style. Angel One’s market share is 15.26%, and ICICIdirect has 4.15% market share. We take a deeper look at Angel One Vs ICICIdirect in this article.
Table of Contents
Angel One Vs ICICIdirect – Company Background and Core Philosophy
Angel One was established in 1996 by Hemen Bhatia as a stockbroker firm in India. The company is affiliated with the Bombay Stock Exchange, the National Stock Exchange of India, the National Commodity & Derivatives Exchange, and the Multi Commodity Exchange of India.
ICICIdirect is a subsidiary of ICICI Securities, founded in 1994, known for its full-service offerings, extensive research, and physical branch presence. It caters to investors who prefer in-depth guidance, personalized support, and a wide range of financial products.
Product Range and Investment Options
Angel One: Angel One is a full-service retail stockbroker across equities, derivatives, commodities, currency, mutual funds, margin facility, and advisory services. It holds memberships in major Indian exchanges (NSE, BSE, MCX, etc.) and is a depository participant with CDSL.
ICICIdirect: Offers equities, derivatives, mutual funds, IPOs, bonds, PMS, insurance, and government securities. Best suited for investors who want a single-window, diversified portfolio with advisory support.
Angel One Vs ICICIdirect Charges
- Angel One Vs ICICIdirect Account Opening Charges & AMC
| Account Opening and Demat Charges | Angel One | ICICIdirect |
| Equity Trading Account Opening Charges | Zero | Zero |
| Trading Account AMC Charges | Zero | Zero |
| Demat Account Opening Charges | Zero | Zero |
| Demat Account AMC Charges | First Year Free, Up to INR 4 Lakh – Zero, INR 4 lakh to 10 Lakh – INR 100 Per Year, Above INR 10 lakh – INR 240 Per Year | INR 300 Per Year (Free for the First Year) |
- Angel One Vs ICICIdirect Brokerage Charges Plan 1
| Particulars | Angel One | ICICIdirect Moneysaver Plan |
| Equity Delivery | INR 0 brokerage up to INR 500 for first 30 days* Then lower of INR 20 or 0.1% per executed order, minimum INR 2 | 0.29% |
| Equity Intraday | INR 0 brokerage up to INR 500 for the first 30 days* Then, lower of INR 20 or 0.03% per executed order | 0.029% |
| Equity Futures | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | 0.029% |
| Equity Options | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 49 per lot |
| Currency Futures | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 20 per order |
| Currency Options | INR 0 brokerage upto INR 500 for first 30 days* Then, INR 20 per executed order | INR 20 per order |
| Commodity Futures | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 20 per order |
| Commodity Options | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 20 per order |
| Call & Trade Charge | INR 20 per executed order | INR 50 per executed order |
| Minimum Brokerage | INR 20 or 0.03% in Equity Intraday | No Minimum brokerage (Moneysaver Plan) |
| P&L/CMR Charges | First CMR request is free, INR 20 + INR 100 (courier charge) + 18% GST for subsequent requests | INR 99 + GST |
- Angel One Vs ICICIdirect Brokerage Charges Plan 2
| Particulars | Angel One | ICICIdirect Prime Plan – 299 |
| Equity Delivery | INR 0 brokerage up to INR 500 for first 30 days* Then lower of INR 20 or 0.1% per executed order, minimum INR 2 | 0.25% |
| Equity Intraday | INR 0 brokerage up to INR 500 for the first 30 days* Then, lower of INR 20 or 0.03% per executed order | 0.025% |
| Equity Futures | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | 0.025% |
| Equity Options | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 49 per lot |
| Currency Futures | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 20 per order |
| Currency Options | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 20 per order |
| Commodity Futures | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 20 per lot |
| Commodity Options | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 20 per lot |
- Angel One Vs ICICIdirect Brokerage Charges Plan 3
| Particulars | Angel One | ICICIdirect Prime Plan – 9999 |
| Equity Delivery | INR 0 brokerage up to INR 500 for first 30 days* Then lower of INR 20 or 0.1% per executed order, minimum INR 2 | 0.07% |
| Equity Intraday | INR 0 brokerage up to INR 500 for the first 30 days* Then, lower of INR 20 or 0.03% per executed order | 0.007% |
| Equity Futures | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | 0.007% |
| Equity Options | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 9 per lot |
| Currency Futures | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 20 per order |
| Currency Options | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 20 per order |
| Commodity Futures | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 20 per lot |
| Commodity Options | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order | INR 20 per lot |
Read Also: Zerodha AMC Charges: A Comprehensive Breakdown
- ICICIdirect Vs Angel One Other Statutory Charges
| Statutory Charges | ICICIdirect | Angel One |
| STT/CTT Equity Delivery | 0.1% (Both Buy & Sell) | 0.1% (Both Buy and Sell) |
| STT/CTT Equity Intraday | 0.025% on the sell side | 0.025% on the Sell Side |
| STT/CTT Equity Futures | 0.02% on the buy side | NSE: 0.02% | BSE:0.02% on the Sell Side |
| STT/CTT Equity Options | 0.01% on the sell side (on premium), 0.125% of the intrinsic value on bought and exercised options | NSE: 0.1% | BSE:0.1% on the Sell Side |
| STT/CTT Currency Futures & Options | No STT | N/A |
| STT/CTT Commodity Futures | MCX: 0.01% on Sell side | MCX: 0.01% on the Sell side |
| STT/CTT Commodity Options | 0.05% on Sell trade | 0.05% on Sell side |
| SEBI Turnover Charges | INR 10/crore | INR 10/crore |
| GST | 18% | 18% |
| Stamp Equity Delivery | 0.015% or INR 1500/crore on buy-side | 0.015% or INR 1500/crore on buy-side |
| Stamp Equity Intraday | 0.003% or INR 300/crore on buy-side | 0.003% or INR 300/crore on buy-side |
| Stamp Equity Futures | 0.002% or INR 200/crore on buy-side | 0.002% or INR 200/crore on buy-side (Both NSE & BSE) |
| Stamp Equity Options | 0.003% or INR 300/crore on buy-side | 0.003% or INR 300/crore on buy-side (Both NSE & BSE) |
| Stamp Currency Futures | Nil | 0.0001% or INR 10/crore on buy-side |
| Stamp Currency Options | Nil | 0.003% on premium value |
| Stamp Commodity Futures | 0.002% or INR 200/crore on buy-side | 0.002% or INR 200/crore on buy-side |
| Stamp Commodity Options | 0.003% or INR 300/crore on buy-side | 0.003% on premium value |
| DP (Depository participant) Charges | INR 20 per scrip | INR 20 per scrip |
| Pledging Charges | INR 29 per scrip (Shares as Margin) | INR 20 per scrip |
| Auto Square off Charges | INR 50 per executed order | INR 20 per executed order |
| API Subscription Charges | Zero | Zero |
Also Read: Top Stock Brokers in India 2024
Angel One Vs ICICIdirect: Exposure/Leverage (Margin)
Both brokers provide identical leverage policies, capped at SEBI-regulated limits.
| Segment | Angel One | ICICIdirect |
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Upto 20% of trade value (5x leverage) |
| F&O (Equity, Currency & Commodity) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
Features of ICICIdirect Vs Angel One Platforms
| Feature | ICICIdirect | Angel One |
| 3 in 1 Account | Yes | No |
| Algo Trading | Yes | Yes |
| Charting | Yes | Yes |
| Trading Platform | ICICI Direct.com (website), ICICI Direct Mobile App | Angel One App (Mobile), Angel Eye (Website), Angel SpeedPro (Trading Terminal) |
| SMS Alerts | Yes | Yes |
| Online Demo | Yes | Yes |
| Online Portfolio | Yes | Yes |
| Margin Trading Funding Available | Yes | Yes |
| Margin Against Shares (Equity Cash) | Yes | Yes |
| Margin Against Shares (Equity F&O) | Yes | Yes |
| Intraday Square-off Time | 15:15 | 15:15 |
| NRI Trading | Yes | Yes |
| Referral Program | Yes | Yes |
Also Read: Fyers Brokerage Calculator
ICICIdirect Vs Angel One – Pros and Cons
| ICICIdirect | Angel One | |
| Pros | 1. Offers a 3-in-1 account for seamless, instant transfers between bank and trading accounts 2. A single platform offering diverse investment opportunities 3. Offers watchlist curation and a 4.8-rated mobile app (App Store) 4. The Good Till Cancellation (GTC) and off-market hours order placement features are highly valuable 5. 200+ physical branches for offline assistance | 1. Flat INR 20 brokerage per order for Intraday and F&O across all segments and exchanges 2. Only INR 20 charged for intraday square-off and Call & Trade services 3. Full-service brokerage features at ultra-low brokerage fees 4. Free research reports, trading tips, and advisory for stocks and mutual funds 5. No charges for NEFT/fund transfers 6. Training and hand-holding support for beginners |
| Cons | 1. Higher brokerage fees, especially costly for small trades 2. Currency trading is not offered 3. Limited commodity trading options 4. A complex brokerage structure is difficult for beginners 5. Demat AMC applies after first year | 1. Relationship managers (RMs) and sales team may aggressively cross-sell other products and services 2. Margin funding may be applied without clear notice, causing confusion and unexpected interest charges 3. Doesn’t offer a 3-in-1 trading account (no integrated banking services) |
Angel One Vs ICICIdirect FAQs
Which is better, ICICIdirect Vs Angel One?
Angel One is better for cost-conscious, tech-savvy traders with low flat fees, while ICICIdirect suits investors seeking full-service support, research, and seamless banking integration.
Which broker has lower brokerage charges?
Angel One generally charges lower brokerage fees (flat INR 20 per order or lower) compared to ICICIdirect, which typically has higher percentage-based fees (e.g. 0.29% for delivery) and options charges (INR 49 per lot).
What is the ICICIdirect AMC charge?
ICICIdirect AMC charges stand at INR 300 Per Year (Free for the First Year) + GST (18%).
What is the ICICIdirect market share?
ICICIdirect has a market share of 4.15%
What is the Angel One market share?
Zeodha has a market share of 15.26%