The comparison between Bajaj Broking, Fyers, and ICICI Direct highlights the major differences in their services and features, including overall ratings, brokerage charges, trading platforms, investment offerings, and customer service quality. Bajaj Broking is known for its user-friendly trading experience and reliability, while Fyers stands out for offering competitive brokerage rates and an advanced mobile trading platform. Icici Direct provides an excellent balance of technology, research tools, and responsive customer support. In terms of active clients, the brokers report approximately 62,948, 3.01 Lakh, and 99 Lakhs users respectively, reflecting their popularity among investors. Overall, this comparison of Bajaj Broking, Fyers, and ICICI Direct helps traders and investors choose the most suitable broker based on features, pricing, and platform performance.
Services / Features
The services/features comparison between Bajaj Broking, Fyers, and ICICI Direct reveals significant differences in their offerings. Bajaj Broking provides 3.6 for Overall Rating, while Fyers offers 4 and ICICI Direct features 4.
| Services / Features | Bajaj Broking | Fyers | ICICI Direct |
|---|---|---|---|
| Overall Rating | ★★★★★ | ★★★★★ | ★★★★★ |
| Brokerage Charges | ★★★★★ | ★★★★★ | ★★★★★ |
| Trading Platform | ★★★★★ | ★★★★★ | ★★★★★ |
| Investments Offering | ★★★★★ | ★★★★★ | ★★★★★ |
| Customer Service | ★★★★★ | ★★★★★ | ★★★★★ |
| Broker Type | Discount Broker | Discount Broker | Full Service Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE, MCX | NSE, BSE |
| Active Clients | 62,948 | 3.01 Lakh | 99 Lakhs |
| Broker Overview | Bajaj Broking | Fyers Review | ICICI Direct Review |
Account Opening Charges and AMC
The account opening charges and AMC comparison between Bajaj Broking, Fyers, and ICICI Direct reveal significant differences in their offerings. Bajaj Broking provides N/A trading and demat account opening, while Fyers offers N/A and ICICI Direct features N/A.
| Account Opening Charges and AMC | Bajaj Broking | Fyers | ICICI Direct |
|---|---|---|---|
| Trading Account Opening | — | — | — |
| Trading AMC | — | — | ₹300 per year |
| Demat Account Opening | — | — | — |
| Demat AMC | — | — | ₹300 per year |
| Provide DP Service | Yes | Yes | Yes |
Brokerage Plans
The brokerage plans comparison between Bajaj Broking, Fyers, and ICICI Direct reveals significant differences in their offerings. Bajaj Broking provides Yes plans, while Fyers offers - and ICICI Direct features N/A.
| Brokerage Plans | Bajaj Broking | Fyers | ICICI Direct |
|---|---|---|---|
| Multiple Plans | Yes | - | — |
| Monthly Plans | No | - | — |
| Yearly Plans | Yes | - | — |
Brokerage Charges
This comparison between Bajaj Broking, Fyers, and ICICI Direct reveals significant differences in their brokerage charges. Bajaj Broking charges Starting ₹10 per order brokerage on equity delivery and intraday, Starting ₹10 per order for futures, and Starting ₹10 per order for options. Fyers charges ₹20 or 0.03% per executed order brokerage on equity delivery and intraday, ₹20 or 0.03% per executed order for futures, and ₹20 per executed order for options. ICICI Direct charges 0.29% brokerage on equity delivery and intraday, 0.022%/0.007% for Prime plans for futures, and ₹49 per lot or ₹9 per lot for the Prime 9,999 plan for options.
| Brokerage Charges | Bajaj Broking | Fyers | ICICI Direct |
|---|---|---|---|
| Plan Name | Multiple Brokerage Packs | - | |
| Equity Delivery | Starting ₹10 per order | ₹20 or 0.03% per executed order | 0.29% |
| Equity Intraday | Starting ₹10 per order | ₹20 or 0.03% per executed order | 0.022% or 0.007% |
| Equity Futures | Starting ₹10 per order | ₹20 or 0.03% per executed order | 0.022%/0.007% for Prime plans |
| Equity Options | Starting ₹10 per order | ₹20 per executed order | ₹49 per lot or ₹9 per lot for the Prime 9,999 plan |
| Currency Futures | - | ₹20 or 0.03% per executed order | ₹20 per order |
| Currency Options | - | ₹20 per executed order | ₹20 per order |
| Commodity Futures | Starting ₹10 per order | ₹20 per executed order | |
| Commodity Options | Starting ₹10 per order | ₹20 per executed order | |
| Hidden Charges | No | No | Zero |
| Call & Trade Charges | ₹20+GST per executed order | ₹50 + GST per executed order | ₹50 per order |
| Auto Square Off Charges | ₹20+GST per order | ₹50 + GST per executed order | ₹50 per order |
| Brokerage Calculator | Bajaj Broking Brokerage Calculator |
Transactions Charges
This comparison between Bajaj Broking, Fyers, and ICICI Direct reveals significant differences in their transactions. Bajaj Broking provides NSE - 0.00345% | BSE - Charges vary as per the scrip group for Transaction Charges Equity Delivery, while Fyers offers NSE: 0.00297% | BSE: 0.00375% and ICICI Direct features NSE: 0.00307% | BSE: 0.00375%.
| Transactions Charges | Bajaj Broking | Fyers | ICICI Direct |
|---|---|---|---|
| Equity Delivery | NSE - 0.00345% | BSE - Charges vary as per the scrip group | NSE: 0.00297% | BSE: 0.00375% | NSE: 0.00307% | BSE: 0.00375% |
| Equity Intraday | NSE - 0.00345% | BSE - Charges vary as per the scrip group | NSE: 0.00297% | BSE: 0.00375% | NSE: 0.00307% | BSE: 0.00375% |
| Equity Futures | NSE - 0.002% | BSE - Nil or 0.05% of Traded Value | NSE: 0.00173% | NSE: 0.00183% | BSE: 0 |
| Equity Options | NSE - 0.053% (on premium) | BSE - Nil or 0.05% of Traded Value | NSE: 0.03503% | NSE: 0.03553% (on premium) | BSE: 0.0325% (on premium) |
| Currency Futures | - | NSE: 0.00035% | BSE: 0.00045% | — |
| Currency Options | - | NSE: 0.0311% | BSE: 0.001% | — |
| Commodity | - | MCX- Non-Agri: 0.0418% | 0.0418% on Premium |
Account Features
These are the notable distinctions in the account features of Bajaj Broking, Fyers, and ICICI Direct when compared.
| Account Features | Bajaj Broking | Fyers | ICICI Direct |
|---|---|---|---|
| 3-in-1 Account | No | No | Yes |
| Charting | Yes | Yes | Yes |
| Algo Trading | Yes | Yes | Yes |
| SMS Alerts | No | Yes | Yes |
| Online Demo | No | Yes | Yes |
| Online Portfolio | Yes | Yes | Yes |
| Margin Trading Funding Available | Yes | Yes | Yes |
| Combined Ledger for Equity and Commodity | Yes | Yes | Yes |
| Intraday Square-off Time | 3.05 pm | 3:20 PM | 3:20 PM |
| NRI Trading | Yes | Yes | Yes |
Trading Platforms
The trading platforms comparison between Bajaj Broking, Fyers, and ICICI Direct reveals significant differences in their offerings. Bajaj Broking, Fyers and ICICI Direct provide web trading platforms and mobile trading platforms.
| Trading Platforms | Bajaj Broking | Fyers | ICICI Direct |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | Demat and Trading Account Login | Bajaj Broking | Fyers Web Trading | ICICI Direct |
| Mobile Trading | Yes | Yes | Yes |
| Mobile Trading App | Yes | Yes | Yes |
| Android Mobile App | Yes | Yes | Yes |
| Android App Download | Yes | Yes | Yes |
| iPhone Mobile App (iOS) | Yes | Yes | Yes |
| iOS App Download | Download | ||
| Android Tablet App | Yes | Yes | Yes |
| iPad App (iOS) | Yes | Yes | Yes |
| Trading Software Charges | # | Nil | Nil |
Broker Ratings
The broker ratings comparison between Bajaj Broking, Fyers, and ICICI Direct reveals significant differences in their offerings. Bajaj Broking provides N/A for Fees Ratings, while Fyers offers 4 and ICICI Direct features 4.3.
| Broker Ratings | Bajaj Broking | Fyers | ICICI Direct |
|---|---|---|---|
| Fees Ratings | — | 4 | 4.3 |
| Trading Brokerage Rating | — | 4 | 4.4 |
| Trading Platform Usability | — | 4 | 4.4 |
| Customer Service Ratings | — | 4 | 4.3 |
| Overall Ratings | — | 4 | 4.3 |
Investment Offerings
This comparison between Bajaj Broking, Fyers, and ICICI Direct reveals significant differences in their investment offerings. Bajaj Broking provides investment offerings in Yes, mutual funds and offers trades in currency and commodities, while Fyers provides investment offerings in Yes, mutual funds and offers trades in currency and commodities and ICICI Direct provides investment offerings in Yes, mutual funds and offers trades in currency and commodities.
| Investment Offerings | Bajaj Broking | Fyers | ICICI Direct |
|---|---|---|---|
| Equity Cash and F&O | Yes | Yes | Yes |
| Currency Derivatives | - | Yes | Yes |
| Commodity | Yes | Yes | Yes |
| Online IPO Application | Yes | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes |
| Bond / NCD | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Banking | No | No | Yes |
| Insurance | No | No | Yes |
| Forex | No | Yes | Yes |
| MF SIP Investment | Yes | Yes | Yes |
| Equity SIP Investment | Yes | Yes | Yes |
| PMS Service | Yes | Yes | Yes |
| Other Investment Options | Yes | Yes | Yes |
Customer Support
The comparison between Bajaj Broking, Fyers, and ICICI Direct reveals significant differences in their Customer Support. Bajaj Broking provides No, while Fyers offers No and ICICI Direct features Yes.
| Customer Support | Bajaj Broking | Fyers | ICICI Direct |
|---|---|---|---|
| 24/7 Customer Service | No | No | Yes |
| Email Support | Yes | Yes | Yes |
| Online Live Chat | No | Yes | Yes |
| Phone Support | Yes | Yes | Yes |
| Toll Free Number | 1800-833-8888 | No | — |
| Through Branches | Yes | No | — |
| Customer Care Number | 1800-833-8888 | 080-60001111 | 022 3355 1122 |
| Account Opening Process | Online/Paperless | Online | Online/Offline |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center / Education | https://www.bajajbroking.in/knowledge-center | — | — |
| Head Office Address |
4th Floor, Bajaj Finserv House, |
Brigade Magnum, |
ICICI Venture House, |
| Website | https://www.bajajbroking.in | https://fyers.in/ | https://www.icicidirect.com/ |
Research and Reports
The research and reports comparison between Bajaj Broking, Fyers, and ICICI Direct reveals significant differences in their offerings.
| Research and Reports | Bajaj Broking | Fyers | ICICI Direct |
|---|---|---|---|
| Research Mutual Funds | No | Yes | Yes |
| Research Equity Reports | Yes | Yes | Yes |
| Research ETF | No | Yes | Yes |
| Daily Market Report | Yes | Yes | Yes |
| Free Tips | Yes | No | No |
| Quarterly Result Analysis | Yes | Yes | Yes |
| News Alerts | Yes | Yes | Yes |
Demat Account Charges
This comparison between Bajaj Broking, Fyers, and ICICI Direct reveals significant differences in their demat account charges. Bajaj Broking provides NSDL for DP Source, while Fyers offers CDSL & NSDL and ICICI Direct features NSDL & CDSL.
| Demat Account Charges | Bajaj Broking | Fyers | ICICI Direct |
|---|---|---|---|
| DP Source | NSDL | CDSL & NSDL | NSDL & CDSL |
| DP ID | - | CDSL: 12089400 | NSDL: IN304502 | — |
| Demat Account Annual Maintenance Charges (AMC) | ₹ 0 | — | Rs 700 |
| Advance Deposit | No | No | No |
| Transaction Charges on Debit (Per ISIN) | ₹35 per certificate or per 100 shares and part there of whichever is higher and ₹25 per re-state of statement of account redemption | — | — |
| Demat | ₹100 per request + ₹100 per certificate + GST | — | ₹50 |
| Remat | ₹35 per certificate or per 100 shares and part there of whichever is higher and ₹25 per re-state of statement of account redemption | ₹10/- per certificate | ₹25 + CDSL charges |
| Pledge Creation | ₹40 + GST | ₹5 | ₹25 + GST |
| Pledge Creation Confirmation | - | - | ₹25 + GST |
| Pledge Closure | ₹40 + GST | ₹5 | ₹25 + GST |
| Pledge Closure Confirmation | - | - | ₹25 + GST |
| Pledge Invocation | ₹50 + GST Per ISIN | ₹5 | ₹25 + GST |
| Failed Instruction Charges | - | — | NA |
| Other Charges | - | - | NA |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| Bajaj Broking | Low brokerage starting at ₹10 per order |
Brokerage varies by selected pack |
| Fyers |
|
|
| ICICI Direct |
|
|
User Experience: Buying Stocks
Bajaj Broking – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 3.6/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is Starting ₹10 per order, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is N/A/5.
Market Presence: Around 62,948 active clients use this broker.
Fyers – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 4/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is ₹20 or 0.03% per executed order, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 4/5.
Market Presence: Around 3.01 Lakh active clients use this broker.
ICICI Direct – User Trading Experience
Account Opening Experience: Users benefit from a 3-in-1 integrated banking setup, making fund transfers seamless.
Platform & Order Execution: The platform rating is 4/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is 0.022% or 0.007%, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 4.3/5.
Market Presence: Around 99 Lakhs active clients use this broker.
Frequently Asked Questions
The account opening charges vary significantly: Bajaj Broking charges Not specified, Fyers charges Not specified, and ICICI Direct charges Not specified. When considering AMC, investors should evaluate the overall cost structure along with the features and services provided by each broker.
Brokerage charges differ across platforms: Bajaj Broking offers Starting ₹10 per order for equity intraday, Fyers provides ₹20 or 0.03% per executed order, and ICICI Direct charges 0.022% or 0.007%. The actual costs may vary based on trading volume, account type, and specific plans offered by each broker.
All three brokers provide diverse investment opportunities: Bajaj Broking offers 4, Fyers provides 4, and ICICI Direct features 4. The platforms support equity trading, derivatives, mutual funds, and other financial instruments suitable for different investor profiles.
Customer support quality varies: Bajaj Broking has 3.5 support, Fyers offers 4, and ICICI Direct provides 4. Support channels typically include phone, email, live chat, and branch services, with response times and availability differing between brokers.
Platform usability ratings show: Bajaj Broking with Good, Fyers with 4, and ICICI Direct with 4.4. The best interface depends on individual preferences - some users prefer simplicity while others need advanced features and customization options.
Yes, mutual fund and stock investing is available across all platforms: Bajaj Broking (Yes), Fyers (Yes), and ICICI Direct (Yes). All three brokers provide comprehensive access to equity markets and mutual fund investments through their respective platforms.
For beginners, the choice depends on specific needs: Bajaj Broking offers user-friendly platforms with educational resources, Fyers provides competitive pricing with intuitive interfaces, and ICICI Direct combines ease of use with comprehensive investment options. Beginners should consider factors like ease of account opening, customer support quality, educational content, and platform simplicity when making their decision.
All three brokers offer robust mobile trading apps with different strengths: Bajaj Broking focuses on intuitive design and quick execution, Fyers emphasizes advanced charting and analysis tools, while ICICI Direct balances simplicity with comprehensive features. The mobile apps are available for both iOS and Android devices with regular updates and feature enhancements.
Stock Broker Review
Bajaj Broking
Fyers
