ICICIdirect vs Mirae Asset Sharekhan Limited
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
ICICIdirect
VS
Mirae Asset Sharekhan Limited
ICICIdirect vs Mirae Asset Sharekhan Limited — quick verdict
Choose ICICIdirect if
You want research and offline support
One Account. Infinite Opportunities.
Choose Mirae Asset Sharekhan Limited if
You want research and offline support
Get the power of experience on your side.
Company overview
ICICIdirect is a full-service broker incorporated in 1995; Mirae Asset Sharekhan Limited is a full-service broker incorporated in 2000.
| Parameter | ICICIdirect | Mirae Asset Sharekhan Limited |
|---|---|---|
| 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 ICICIdirect and Mirae Asset Sharekhan Limited compared side by side.
| Parameter | ICICIdirect | Mirae Asset Sharekhan Limited |
|---|---|---|
| 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 ICICIdirect and Mirae Asset Sharekhan Limited price each trading segment, per executed order.
| Parameter | ICICIdirect | Mirae Asset Sharekhan Limited |
|---|---|---|
| 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 ICICIdirect and Mirae Asset Sharekhan Limited, per segment.
| Parameter | ICICIdirect | Mirae Asset Sharekhan Limited |
|---|---|---|
| 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 ICICIdirect and Mirae Asset Sharekhan Limited — AMC, debit transactions, pledging and remat.
| Parameter | ICICIdirect | Mirae Asset Sharekhan Limited |
|---|---|---|
| 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 ICICIdirect and Mirae Asset Sharekhan Limited.
| Parameter | ICICIdirect | Mirae Asset Sharekhan Limited |
|---|---|---|
| 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 ICICIdirect and Mirae Asset Sharekhan Limited.
| Parameter | ICICIdirect | Mirae Asset Sharekhan Limited |
|---|---|---|
| 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 ICICIdirect and Mirae Asset Sharekhan Limited.
| Parameter | ICICIdirect | Mirae Asset Sharekhan Limited |
|---|---|---|
| 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 ICICIdirect and Mirae Asset Sharekhan Limited across the key parameters.
| Rated on | ICICIdirect | Mirae Asset Sharekhan Limited |
|---|---|---|
| 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 ICICIdirect and Mirae Asset Sharekhan Limited let you access.
| Parameter | ICICIdirect | Mirae Asset Sharekhan Limited |
|---|---|---|
| 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 ICICIdirect and Mirae Asset Sharekhan Limited.
| Parameter | ICICIdirect | Mirae Asset Sharekhan Limited |
|---|---|---|
| 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 ICICIdirect and Mirae Asset Sharekhan Limited.
| Parameter | ICICIdirect | Mirae Asset Sharekhan Limited |
|---|---|---|
| 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 ICICIdirect and Mirae Asset Sharekhan Limited — the ratio matters more than the raw count.
| Parameter | ICICIdirect | Mirae Asset Sharekhan Limited |
|---|---|---|
| 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.
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.
Mirae Asset Sharekhan Limited
▲ 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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