ICICI Direct vs Mirae Asset Sharekhan
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
ICICI Direct
VS
Mirae Asset Sharekhan
ICICI Direct vs Mirae Asset Sharekhan — quick verdict
Choose ICICI Direct if
You want research and offline support
One Account. Infinite Opportunities.
Choose Mirae Asset Sharekhan if
You want research and offline support
Get the power of experience on your side.
Company overview
ICICI Direct is a full-service broker incorporated in 1995; Mirae Asset Sharekhan is a full-service broker incorporated in 2000.
| Parameter | ICICI Direct | Mirae Asset Sharekhan |
|---|---|---|
| Type of broker | Full-Service Broker | Full-Service Broker |
| Exchange membership | NSE · BSE · MCX · NCDEX | NSE · BSE · MCX · NCDEX |
| Year of incorporation | 1995 older | 2000 |
| Number of branches | 3,000+ ICICI Bank Branches & Customer To wider | 900+ |
| Active clients | ~19.80 Lakh+ | 32 Lakh+ larger |
Charges & AMC
Account-opening and maintenance charges for ICICI Direct and Mirae Asset Sharekhan compared side by side.
| Parameter | ICICI Direct | Mirae Asset Sharekhan |
|---|---|---|
| Trading a/c opening | ₹0 (Online) | ₹0 (Online) |
| Trading a/c AMC | ₹0 | ₹0 |
| Demat a/c opening | ₹0 | ₹0 |
| Demat a/c AMC | ₹300 + GST per year lower | ₹0 (1st Year), then ₹400 + GST per year |
| DP charges (per ISIN, sell) | NSDL – ₹20 + GST (first debit), ₹4 + GST (subsequent same-day debit); CDSL – ₹20 + GST per scrip sold per day | ₹25 per debit transaction + GST lower |
Brokerage charges
How ICICI Direct and Mirae Asset Sharekhan price each trading segment, per executed order.
| Parameter | ICICI Direct | Mirae Asset Sharekhan |
|---|---|---|
| Equity Delivery | ₹20 per order (or plan-specific rate) | 0.30% |
| Equity Intraday | ₹20 per order | 0.02% |
| Equity Futures | ₹20 per order | 0.02% |
| Equity Options | ₹20 per order | ₹20 per executed order |
| Currency F&O | ₹20 per order | 0.02% |
| Commodity F&O | ₹20 per order | 0.02% |
| Call & Trade | ₹50 per order | ₹0 |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by ICICI Direct and Mirae Asset Sharekhan, per segment.
| Parameter | ICICI Direct | Mirae Asset Sharekhan |
|---|---|---|
| Equity Delivery | NSE: 0.00297% + IPFT 0.00010% • BSE: 0.00375% | NSE: 0.00297% • BSE: 0.00375% |
| Equity Intraday | NSE: 0.00297% + IPFT 0.00010% • BSE: 0.00375% | NSE: 0.00297% • BSE: 0.00375% |
| Equity Futures | NSE: 0.00173% + IPFT 0.00010% • BSE: 0.00000% | NSE: 0.00173% |
| Equity Options | NSE: 0.03503% (on Premium) + IPFT 0.00050% • BSE: 0.03250% (on Premium) | NSE: 0.03503% (on premium) |
| Currency Futures | NSE: 0.00012% • BSE: 0.00005% | NSE: 0.00035% |
| Currency Options | NSE: 0.03250% (on Premium) • BSE: 0.00100% (on Premium) | NSE: 0.03110% (on premium) |
| Commodity Futures (MCX) | 0.00210% | — |
| Commodity Options (MCX) | 0.04180% (on Premium) | — |
| Commodity Futures | — | MCX: 0.00210% |
| Commodity Options | — | MCX: 0.04180% (on premium) |
Demat & DP charges
Depository (demat) charges for ICICI Direct and Mirae Asset Sharekhan — AMC, debit transactions, pledging and remat.
| Parameter | ICICI Direct | Mirae Asset Sharekhan |
|---|---|---|
| Demat Account Opening | ₹0 (Online) | ₹0 |
| Annual Maintenance Charges (AMC) | ₹300 + GST per year | ₹0 (1st Year), then ₹400 + GST per year |
| 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 | — |
| Debit Transaction Charges | — | ₹25 per debit transaction + GST |
| Pledge / Unpledge Charges | — | ₹30 + GST per request |
| Dematerialisation (Demat) | — | ₹50 per certificate + GST |
| Rematerialisation (Remat) | — | ₹50 per certificate + GST |
| Failed Transactions | — | Nil |
Margin & leverage (MTF)
Intraday and delivery margin / leverage offered by ICICI Direct and Mirae Asset Sharekhan.
| Parameter | ICICI Direct | Mirae Asset Sharekhan |
|---|---|---|
| Equity Delivery | Up to 100% of trade value (1x) | Up to 100% of trade value (1x) |
| Equity Intraday | As per SEBI Peak Margin Rules (Up to 5x*) | As per SEBI peak margin rules (Up to 5x (eligible stocks)) |
| Equity Futures | SPAN + Exposure Margin (As per Exchange) | SPAN + Exposure Margin (1x) |
| Equity Options | Premium + Applicable Margin (As per Exchange) | Premium + SPAN (for option writing) (As per exchange norms) |
| Currency Futures & Options | Exchange Prescribed Margin (As per Exchange) | SPAN + Exposure Margin (As per exchange norms) |
| Commodity Futures & Options | Exchange Prescribed Margin (As per Exchange) | SPAN + Exposure Margin (As per exchange norms) |
Features & account
Account type and feature availability across ICICI Direct and Mirae Asset Sharekhan.
| Parameter | ICICI Direct | Mirae Asset Sharekhan |
|---|---|---|
| 3-in-1 account | ✓ Yes better | ✕ No |
| Automated / API trading | ✓ Yes | ✓ Yes |
| Margin Trading (MTF) | ✓ Yes | ✓ Yes |
| Trading in SME shares | ✓ Yes | ✓ Yes |
| Trading platforms | ICICIdirect Web, ICICIdirect Mobile App, Trade Racer, Breeze API | Sharekhan App, Sharekhan Web Trading Platform, TradeTiger |
| Intraday square-off | 3:15 PM | 3:15 PM |
| Other | 3-in-1 Account, Research Reports, Stock SIP, Basket Orders, MTF, Loan Against Securities | Advanced research reports, Margin Trading Facility (MTF), Portfolio Health Check, Investment Ideas, IPO investment, Mutual Funds, Algo/API Trading, Smart Investor tools, Relationship Manager support, Educational webinars, TradeTiger desktop terminal, Comprehensive wealth management solutions. |
Trading platforms & apps
Trading terminals, web platforms and mobile apps offered by ICICI Direct and Mirae Asset Sharekhan.
| Parameter | ICICI Direct | Mirae Asset Sharekhan |
|---|---|---|
| Trading platforms offered | ICICIdirect Web, ICICIdirect Mobile App, ICICI Direct Markets App, Trade Racer | Sharekhan App, Sharekhan Web Trading Platform, TradeTiger |
| Number of platforms | 4 more choice | 3 |
| Platforms (summary) | ICICIdirect Web, ICICIdirect Mobile App, Trade Racer, Breeze API | Sharekhan App, Sharekhan Web Trading Platform, TradeTiger |
| Mobile / desktop apps | Web, Mobile, Desktop | Mobile, Web, Desktop |
User ratings
User ratings for ICICI Direct and Mirae Asset Sharekhan across the key parameters.
| Rated on | ICICI Direct | Mirae Asset Sharekhan |
|---|---|---|
| Fees | 4.1 | 4.2 better |
| Brokerage | 4.2 better | 4.1 |
| Trading platform | 4.8 better | 4.7 |
| Customer service | 4.7 better | 4.5 |
| Research | 4.9 | 4.9 |
| Overall | 4.6 better | 4.5 |
Investment options
Which investment products ICICI Direct and Mirae Asset Sharekhan let you access.
| Parameter | ICICI Direct | Mirae Asset Sharekhan |
|---|---|---|
| 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 ICICI Direct and Mirae Asset Sharekhan.
| Parameter | ICICI Direct | Mirae Asset Sharekhan |
|---|---|---|
| Bracket Order | ✕ No | ✕ No |
| Cover Order | ✕ No | ✕ No |
| BTST | ✓ Yes | ✓ Yes |
| After Market (AMO) | ✓ Yes | ✓ Yes |
| GTC / GTT | ✓ Yes | ✓ Yes |
Safety & credibility
SEBI registration, financial strength and complaint record for ICICI Direct and Mirae Asset Sharekhan.
| Parameter | ICICI Direct | Mirae Asset Sharekhan |
|---|---|---|
| SEBI registration | INZ000183631 | INZ000174330 |
| NSE member code | 07730 | 10313 |
| Year of incorporation | 1995 longer track record | 2000 |
| Net worth | Not Separately Disclosed (Subsidiary of ICICI Bank Limited) | ₹8,615+ Cr* |
| Exchange memberships | NSE · BSE · MCX · NCDEX | NSE · BSE · MCX · NCDEX |
| Latest complaint ratio | 0.0031% fewer complaints | 0.033% |
Complaints record
Exchange complaint data for ICICI Direct and Mirae Asset Sharekhan — the ratio matters more than the raw count.
| Parameter | ICICI Direct | Mirae Asset Sharekhan |
|---|---|---|
| Latest financial year | Latest Available | 2025–26 |
| Exchange | NSE | NSE |
| Active clients | 19,60,293 | 31,20,000+ larger base |
| Complaints filed | 61 (Pending SCORES 2.0) | 1,020 |
| Complaint ratio | 0.0031% fewer complaints | 0.033% |
Pros & cons
The main advantages and drawbacks of each broker.
ICICI Direct
▲ 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.
Mirae Asset Sharekhan
▲ Pros
- ✓ Backed by the globally recognized Mirae Asset Financial Group.
- ✓ Comprehensive research reports and investment recommendations.
- ✓ Supports investment in stocks, derivatives, commodities, currencies, mutual funds, IPOs, bonds, and ETFs.
- ✓ Advanced trading platforms for web, desktop, and mobile users.
- ✓ Large nationwide network of branches and relationship managers.
- ✓ Margin Trading Facility (MTF) available for eligible stocks.
- ✓ Strong educational resources, webinars, and investor learning programs.
- ✓ Reliable customer support through branches, phone, email, and chat.
- ✓ Suitable for both beginners and long-term investors.
- ✓ Offers integrated wealth management and portfolio advisory services.
▼ Cons
- ✕ Brokerage charges are higher than most discount brokers.
- ✕ Annual Maintenance Charges (AMC) apply for Demat accounts.
- ✕ Account opening process may take longer than fully digital discount brokers.
- ✕ Premium research and advisory services may involve additional charges.
- ✕ Advanced trading tools are more beneficial for experienced traders than casual investors.
- ✕ Intraday brokerage can be comparatively expensive for high-frequency traders.
- ✕ Fewer free investment tools compared to some newer fintech brokers.
- ✕ Some premium features are available only under higher-value plans or subscriptions.
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