ICICI Direct Want reviews from users who have used it

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ubergeek

Forerunner
hey guys my father is planning to open a demat account for share trading with icici Direct can you please tell me how good thier services are thier plus and minus how has your experience been with them? and while trading your shares?

would you reccomend it or not?
 
I am using ICICIDirect from the past few years and am satisfied with their range of services. I buy shares very sparsely and have tried FNO trading. Listing the pros and cons as per my experience. I have never tried any other service so this might be biased.

pros.
- perfect integration with your ICICI Bank account for transferring money to and fro.
- wide range of additional services like BTST(buy today sell tomorrow), margin on shares held, Futures and Options, IPOs, Mutual funds, Curreny trading(separate charges?), Overseas Trading(separate charges) etc.
- periodic stock recommendations and review/track of earlier reccos.
- Facility for setting automatic reminders for stocks to buy/sell. Easily available freely on other websites too.
- Single window for tracking all my investments.
- Call to trade facility when web access is not available.
- In the past 4+ years, I have never had the site fail to carry out my buy/sell/other requests. When delay of even few seconds matter, I'd rather pay higher brokerage than risk losing money to a choked up network.

cons
- brokerage charges are higher than most other options. There are slabs and discounts depending on volume of trades. Personally I feel that these are ofsetted by the additional services.
- a few stocks are not available for trade. especially penny stocks. They regularly update the list to remove/add to it.
- Many FNO offerings are not available too. This depends on the activity in that specific offering. All the near term derivatives are available but most long term ones are not.

I'll add to this later.

What other brokerages have you checked out? Any specific reason for using ICICI?
I'd suggest you check with your friends/family who have different brokers and check their websites/features personally.
 
Thanks proing and no i havent checked anyother services my father is using Bajaj capital and he does his trading Via phone thanks for the compphrensive reply
 
i have been using it right from the time it started, and i am completely satisfied with it. also i am not a regular or a daily trader i trade occasionally and besides i also have motilal oswal online trading account, but it sucks i avoid using it as far as possible.

icicidirect rocks !
 
I have ICICIDirect & Sharekhan.. I would definitely rate Direct higher over ShareKhan.. pathetic customer care & totally confusing UI.. on the other hand, Direct works like a charm if you have saving account w/ ICICI, though brokerage is bit higher..
 
I am also confused between Sharekhan and ICICIDirect. From what i can see Sharekhan brokerage charges are lower than ICICI. I wont be trading too often, will be buying only IPOs. Anyone using sharekhan, please share your experience
 
I have been Using SHarekhan for 5 years, have multiple accounts with them, and has been satisfied with them exceptionally.

I would definitely recommend them over ICICI DIRECT any day, they also offer integration with many banks for online funds deposit and withdrawals. They also provide phone transaction facility.

Another good option is Angel Broking. Which though I am new to but is highly satisfyling too.

I would say ICICI specializes in Banking so for Broking choose a specialist.
 
Dude Sharekhan has all the PRO's you mentioned and their brokerage is like half of what ICICI charges.
Have been using Sharekhan for 3 years never faced any issues like Site down etc.
Their customer support has been very good and prompt always.
 
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