Angel One vs ICICIdirect

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

Angel One
Angel One
Full-service Broker · since 1987
VS
ICICIdirect
Full-Service Broker · since 1995
ICICIdirect

Angel One vs ICICIdirect — quick verdict

Choose Angel One if

You want research and offline support

A full-service broker offering flat ₹20 discount-style pricing, in-house research and one of India's largest branch networks.

Choose ICICIdirect if

You want research and offline support

One Account. Infinite Opportunities.

Company overview

Angel One is a full-service broker incorporated in 1987; ICICIdirect is a full-service broker incorporated in 1995.

ParameterAngel OneICICIdirect
Type of broker Full-service Broker Full-Service Broker
Exchange membership BSE · NSE · MCX · NCDEX NSE · BSE · MCX · NCDEX
Year of incorporation 1987 older 1995
Number of branches 900 3,000+ ICICI Bank Branches & Customer To wider
Active clients 66,84,223 larger ~19.80 Lakh+

Charges & AMC

Account-opening and maintenance charges for Angel One and ICICIdirect compared side by side.

ParameterAngel OneICICIdirect
Trading a/c opening ₹0 (Free) ₹0 (Online)
Trading a/c AMC ₹0 (Free) ₹0
Demat a/c opening ₹0 (Free) ₹0
Demat a/c AMC ₹240 lower ₹300 + GST per year
DP charges (per ISIN, sell) ₹20 per debit lower NSDL – ₹20 + GST (first debit), ₹4 + GST (subsequent same-day debit); CDSL – ₹20 + GST per scrip sold per day

Brokerage charges

How Angel One and ICICIdirect price each trading segment, per executed order.

ParameterAngel OneICICIdirect
Equity Delivery ₹20 or 0.1% (lower) ₹20 per order (or plan-specific rate)
Equity Intraday ₹20 or 0.1% (lower) ₹20 per order
Equity Futures ₹20 / order ₹20 per order
Equity Options ₹20 / order ₹20 per order
Currency F&O ₹20 / order ₹20 per order
Commodity F&O ₹20 / order ₹20 per order
Call & Trade +₹20/order ₹50 per order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by Angel One and ICICIdirect, per segment.

ParameterAngel OneICICIdirect
Equity Intraday NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE: 0.00297% + IPFT 0.00010% • BSE: 0.00375%
Equity Delivery NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE: 0.00297% + IPFT 0.00010% • BSE: 0.00375%
Equity Futures NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 NSE: 0.00173% + IPFT 0.00010% • BSE: 0.00000%
Equity Options NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) NSE: 0.03503% (on Premium) + IPFT 0.00050% • BSE: 0.03250% (on Premium)
Currency Future NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) NSE: 0.00012% • BSE: 0.00005%
Currency Option NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE: 0.03250% (on Premium) • BSE: 0.00100% (on Premium)
Commodity Futures (MCX) — 0.00210%
Commodity Options (MCX) — 0.04180% (on Premium)

Demat & DP charges

Depository (demat) charges for Angel One and ICICIdirect — AMC, debit transactions, pledging and remat.

ParameterAngel OneICICIdirect
Demat Account Opening Charges Rs 0 (Free) —
Transaction Charges (Buy) Rs 20 per ISIN (Rs 50 per ISIN for BSDA Client) —
Annual Maintenance Charges (AMC) Rs 240 per year (Rs 20 per month) ₹300 + GST per year
Demat + Courier charges Rs 50 per certificate —
Remat Rs 50 per certificate —
Pledge Creation Rs 20 per ISIN (Rs 50 per ISIN for BSDA Client) —
Pledge Creation Confirmation Nil —
Pledge Invocation Rs 20 per ISIN —
Failed Transactions Nil —
Other Charges Rs 50 per request for additional DIS —
Demat Account Opening — ₹0 (Online)
DP Charges (NSDL) — ₹20 + GST per scrip for the first debit instruction and ₹4 + GST for subsequent debit instructions in the same scrip on the same day
DP Charges (CDSL) — ₹20 + GST per scrip sold per day (includes depository charges)
Call & Trade (Equity & Derivatives) — ₹50 per order
Call & Trade (Commodity) — ₹50 per order
Pledge Charges (MTF) — ₹25 + GST per pledge instruction
Pledge Charges (Shares as Margin - SAM) — ₹29 + GST per pledge instruction
Pledge Charges (CUSPA) — ₹29 + GST per pledge instruction

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by Angel One and ICICIdirect.

ParameterAngel OneICICIdirect
Equity Delivery 100% of trade value (1x) Up to 100% of trade value (1x)
Equity Intraday Up to 20% of trade value (Up to 5x) As per SEBI Peak Margin Rules (Up to 5x*)
F&O (Eq/Curr/Comm) 100% NRML (Span + Exposure) (1x) SPAN + Exposure Margin (As per Exchange)
Equity Options — Premium + Applicable Margin (As per Exchange)
Currency Futures & Options — Exchange Prescribed Margin (As per Exchange)
Commodity Futures & Options — Exchange Prescribed Margin (As per Exchange)

Features & account

Account type and feature availability across Angel One and ICICIdirect.

ParameterAngel OneICICIdirect
3-in-1 account ✕ No ✓ Yes better
Automated / API trading ✓ Yes ✓ Yes
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✕ No ✓ Yes better
Trading platforms Super App, Web, Angel SpeedPro ICICIdirect Web, ICICIdirect Mobile App, Trade Racer, Breeze API
Intraday square-off 3:15 PM 3:15 PM
Other Daily/weekly research reports 3-in-1 Account, Research Reports, Stock SIP, Basket Orders, MTF, Loan Against Securities

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by Angel One and ICICIdirect.

ParameterAngel OneICICIdirect
Trading platforms offered Angel One Super App, Angel One Trade, Angel SpeedPro ICICIdirect Web, ICICIdirect Mobile App, ICICI Direct Markets App, Trade Racer
Number of platforms 3 4 more choice
Platforms (summary) Super App, Web, Angel SpeedPro ICICIdirect Web, ICICIdirect Mobile App, Trade Racer, Breeze API
Mobile / desktop apps Mobile, Web, Desktop Web, Mobile, Desktop

User ratings

User ratings for Angel One and ICICIdirect across the key parameters.

Rated onAngel OneICICIdirect
Fees 3 4.1 better
Brokerage 3 4.2 better
Trading platform 3 4.8 better
Customer service 2.5 4.7 better
Research 2.7 4.9 better
Overall 3.9 4.6 better

Investment options

Which investment products Angel One and ICICIdirect let you access.

ParameterAngel OneICICIdirect
Stocks / Equity ✓ Yes ✓ Yes
Commodity ✓ Yes ✓ Yes
IPO ✓ Yes ✓ Yes
Mutual Funds ✓ Yes ✓ Yes
Bonds / NCD ✓ Yes ✓ Yes

Order types offered

Advanced order types supported by Angel One and ICICIdirect.

ParameterAngel OneICICIdirect
Bracket Order ✓ Yes better ✕ No
Cover Order ✓ Yes better ✕ No
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✕ No ✓ Yes better

Safety & credibility

SEBI registration, financial strength and complaint record for Angel One and ICICIdirect.

ParameterAngel OneICICIdirect
SEBI registration INZ000161534 INZ000183631
NSE member code 12798 07730
Year of incorporation 1987 longer track record 1995
Net worth ₹4,620.22 Cr Not Separately Disclosed (Subsidiary of ICICI Bank Limited)
Exchange memberships BSE · NSE · MCX · NCDEX NSE · BSE · MCX · NCDEX
Latest complaint ratio 0.016% 0.0031% fewer complaints

Complaints record

Exchange complaint data for Angel One and ICICIdirect — the ratio matters more than the raw count.

ParameterAngel OneICICIdirect
Latest financial year 2025-26 Latest Available
Exchange NSE NSE
Active clients 67,45,594 larger base 19,60,293
Complaints filed 1,070 61 (Pending SCORES 2.0)
Complaint ratio 0.016% 0.0031% fewer complaints

Pros & cons

The main advantages and drawbacks of each broker.

Angel One

▲ Pros

  • ✓ Full-service research at flat ₹20 discount-style pricing.
  • ✓ Flat fee across segments & exchanges.
  • ✓ Free research, advisory and trading tips.
  • ✓ Margin trading & securities as collateral available.
  • ✓ No charge for NEFT / fund transfers.
  • ✓ Local sub-broker / RM support.

▼ Cons

  • ✕ Margin funding can be applied without notice.
  • ✕ No trading in SME shares.
  • ✕ Sales team may cross-sell other products.
  • ✕ GTC / GTT order facility not available.
  • ✕ Does not offer a 3-in-1 account.
ICICIdirect

▲ Pros

  • ✓ Integrated 3-in-1 Account with ICICI Bank.
  • ✓ Access to Equity, F&O, Currency and Commodity trading.
  • ✓ Strong in-house research and investment recommendations.
  • ✓ Multiple trading platforms for beginners and active traders.
  • ✓ Wide range of investment products under one account.
  • ✓ Backed by the trusted ICICI Group.
  • ✓ Digital account opening with online KYC.
  • ✓ Extensive customer support network across India.

▼ Cons

  • ✕ Brokerage charges may be higher than discount brokers.
  • ✕ Some advanced features are available only under specific brokerage plans.
  • ✕ Annual Demat AMC is applicable.
  • ✕ Certain services attract additional transaction charges.
  • ✕ Trading costs may vary depending on the selected brokerage plan.
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Compare ICICIdirect with

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Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.