ICICI Direct offers a plethora of trading and investment products & services to a large number of its clients across the country. ICICI Direct is basically a retail investment and trading branch of ICICI Securities which is further part of India’s top leading service provider ICICI group. thats why it is considered among the top brokers in India.
With active presence in over 90 locations and 200+ offices across the country, ICICI Direct is a popular stock broker in India.
Given its amazing capability and performance against its competitors, ICICI Securities provide a great trading platform for investment in the stock market and other financial securities. ICICI Securities also offers timely pay-in and pay-out, settlements, and more than that several other customized services. For example, it provides equity capital market products, including IPO, further public, rights, and convertible offerings. It also offers competent institutional placements, non-convertible debentures, buyback, and delisting, open and international offerings for private and public firms. They also offer their services to corporates, financial institutions, HNIs, and retail investors.
ICICI Direct Neo Brokerage Plan
ICICI Securities has recently launched a zero brokerage plan ‘ICICIdirect Neo’ Brokerage Plan, which offers limitless trading with zero brokerage on all futures trades and standard Rs. 20 per order for intraday and options trades. The broker’s clients can also avail several other features like fast liquidity, where customers can receive cash within 30 minutes of selling stocks, access to research reports and margin trading funding at an interest rate.
ICICI Direct Neo Brokerage plan comes at zero brokerage on all futures trades, and a flat Rs.20 per order brokerage on margin and options trades, is customized for them and will help in their endeavor to optimize profits. It's an extremely sturdy scheme for the trading community who can leverage the mix of low cost, steadfast platform, and great analytics tools.
How to trade in ICICI Direct?
Here is a step by step guide on how to trade in ICICI Direct:
1.Login to the ICICI Direct Account
The first and foremost step is to login to your ICICI Direct account using the given login credentials. If you possess a 3-in-1 (Saving+Demat+Trading) account in ICICI Direct, you can get the access to buy/sell (using trading account) and retain your stocks using the demat account. Thus, if you are fresh to trading and wish to invest in stocks using ICICI Direct, it is suggested to open a 3-in-1 account in ICICI Direct. Once you open an account with ICICI Direct, you get a username and password to log in. The first step is to google and search, ‘ICICI Direct’. Open the first link that appears in the search results. Now, click on login in the top right-hand corner.
2. Allocate funds to your account
The next step after logging in your ICICI direct account is to allocate funds in your trading account. The process is very easy. For example, if you have Rs 60,000 in your saving accounts in your bank account and you wish to purchase stocks worth Rs 20,000. It means you would have to transfer that amount from your saving account to the trading account so that you can place the order of the stock worth Rs 20,000. This can be achieved by allocating the fund. Below are the steps:
This is the final step for purchasing stocks using ICICI direct. Once the fund allocation is done, select the option ‘Place order’, which is available in the equity option.
4. Choose the ‘Cash’ option in the Product.
After clicking on ‘Buy Now’, you will be directed to a confirmation page. Now, you just need to confirm the given details. You are done with trading in stocks through ICICI Direct.