The comparison between ICICI Direct, Groww, and Angel One highlights the major differences in their services and features, including overall ratings, brokerage charges, trading platforms, investment offerings, and customer service quality. Icici Direct is known for its user-friendly trading experience and reliability, while Groww stands out for offering competitive brokerage rates and an advanced mobile trading platform. Angel One provides an excellent balance of technology, research tools, and responsive customer support. In terms of active clients, the brokers report approximately 99 Lakhs, 1.2 Cr, and 3.46 crore users respectively, reflecting their popularity among investors. Overall, this comparison of ICICI Direct, Groww, and Angel One helps traders and investors choose the most suitable broker based on features, pricing, and platform performance.
Services / Features
The services/features comparison between ICICI Direct, Groww, and Angel One reveals significant differences in their offerings. ICICI Direct provides 4 for Overall Rating, while Groww offers 4 and Angel One features 4.5.
| Services / Features | ICICI Direct | Groww | Angel One |
|---|---|---|---|
| Overall Rating | ★★★★★ | ★★★★★ | ★★★★★ |
| Brokerage Charges | ★★★★★ | ★★★★★ | ★★★★★ |
| Trading Platform | ★★★★★ | ★★★★★ | ★★★★★ |
| Investments Offering | ★★★★★ | ★★★★★ | ★★★★★ |
| Customer Service | ★★★★★ | ★★★★★ | ★★★★★ |
| Broker Type | Full Service Broker | Discount Broker | Full Service Broker |
| Exchanges Supported | NSE, BSE | NSE, BSE, MCX | NSE, BSE |
| Active Clients | 99 Lakhs | 1.2 Cr | 3.46 crore |
| Broker Overview | ICICI Direct Review | Groww Review | Angel One Review |
Account Opening Charges and AMC
The account opening charges and AMC comparison between ICICI Direct, Groww, and Angel One reveal significant differences in their offerings. ICICI Direct provides N/A trading and demat account opening, while Groww offers Free and Angel One features Zero.
| Account Opening Charges and AMC | ICICI Direct | Groww | Angel One |
|---|---|---|---|
| Trading Account Opening | — | Free | Zero |
| Trading AMC | ₹300 per year | Free | ₹500 per year |
| Demat Account Opening | — | Free | Zero |
| Demat AMC | ₹300 per year | Free | ₹500 per year |
| Provide DP Service | Yes | Yes | Yes |
Brokerage Plans
The brokerage plans comparison between ICICI Direct, Groww, and Angel One reveals significant differences in their offerings. ICICI Direct provides N/A plans, while Groww offers No and Angel One features -.
| Brokerage Plans | ICICI Direct | Groww | Angel One |
|---|---|---|---|
| Multiple Plans | — | No | - |
| Monthly Plans | — | No | - |
| Yearly Plans | — | No | - |
Brokerage Charges
This comparison between ICICI Direct, Groww, and Angel One reveals significant differences in their brokerage charges. 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. Groww charges 20 or 0.1% brokerage on equity delivery and intraday, 20 for futures, and 20 for options. Angel One charges ₹20 or 0.1% brokerage on equity delivery and intraday, ₹20 for futures, and ₹20 for options.
| Brokerage Charges | ICICI Direct | Groww | Angel One |
|---|---|---|---|
| Plan Name | Max Rs 20 per order Trading Plan | - | |
| Equity Delivery | 0.29% | 20 or 0.1% | ₹20 or 0.1% |
| Equity Intraday | 0.022% or 0.007% | 20 or 0.1% | ₹20 or 0.03% |
| Equity Futures | 0.022%/0.007% for Prime plans | 20 | ₹20 |
| Equity Options | ₹49 per lot or ₹9 per lot for the Prime 9,999 plan | 20 | ₹20 |
| Currency Futures | ₹20 per order | NA | ₹20 |
| Currency Options | ₹20 per order | NA | ₹20 |
| Commodity Futures | |||
| Commodity Options | |||
| Hidden Charges | Zero | Zero | No |
| Call & Trade Charges | ₹50 per order | Rs 16.5 per scrip on Sell | ₹20 + GST |
| Auto Square Off Charges | ₹50 per order | Rs 50 Per Executable Order | ₹20 + GST |
| Brokerage Calculator | Groww Brokerage Calculator |
Transactions Charges
This comparison between ICICI Direct, Groww, and Angel One reveals significant differences in their transactions. ICICI Direct provides NSE: 0.00307% | BSE: 0.00375% for Transaction Charges Equity Delivery, while Groww offers 20 and Angel One features NSE: 0.00297% BSE*: As Per The Stock Group.
| Transactions Charges | ICICI Direct | Groww | Angel One |
|---|---|---|---|
| Equity Delivery | NSE: 0.00307% | BSE: 0.00375% | 20 | NSE: 0.00297% BSE*: As Per The Stock Group |
| Equity Intraday | NSE: 0.00307% | BSE: 0.00375% | 20 | NSE: 0.00297% BSE*: As Per The Stock Group |
| Equity Futures | NSE: 0.00183% | BSE: 0 | 20 | NSE: 0.00173% BSE: 0 |
| Equity Options | NSE: 0.03553% (on premium) | BSE: 0.0325% (on premium) | 20 | NSE: 0.03503% BSE: Sensex 50/Stock options 0.0050% Sensex/Bankex options 0.0325% |
| Currency Futures | — | 20 | NSE: 0.00035% BSE: 0.00045% |
| Currency Options | — | 20 | NSE: 0.0311% BSE: 0.001% |
| Commodity | 0.0418% on Premium | 20 | MCX 0.0418% NCDEX Options 0.03% |
Account Features
These are the notable distinctions in the account features of ICICI Direct, Groww, and Angel One when compared.
| Account Features | ICICI Direct | Groww | Angel One |
|---|---|---|---|
| 3-in-1 Account | Yes | No | No |
| Charting | Yes | Yes | Yes |
| Algo Trading | Yes | Yes | Yes |
| SMS Alerts | Yes | No | Yes |
| Online Demo | Yes | Yes | Yes |
| Online Portfolio | Yes | Yes | Yes |
| Margin Trading Funding Available | Yes | Yes | Yes |
| Combined Ledger for Equity and Commodity | Yes | No | Yes |
| Intraday Square-off Time | 3:20 PM | 3:20 PM | Yes |
| NRI Trading | Yes | No | Yes |
Trading Platforms
The trading platforms comparison between ICICI Direct, Groww, and Angel One reveals significant differences in their offerings. ICICI Direct, Groww and Angel One provide web trading platforms and mobile trading platforms.
| Trading Platforms | ICICI Direct | Groww | Angel One |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | ICICI Direct | Groww | Yes |
| Mobile Trading | Yes | Yes | Yes |
| Mobile Trading App | Yes | Groww | Yes |
| Android Mobile App | Yes | Yes | Yes |
| Android App Download | Yes | Yes | Yes |
| iPhone Mobile App (iOS) | Yes | Yes | Yes |
| iOS App Download | Groww | Yes | |
| Android Tablet App | Yes | Yes | Yes |
| iPad App (iOS) | Yes | Yes | Yes |
| Trading Software Charges | Nil | Free | Zero |
Broker Ratings
The broker ratings comparison between ICICI Direct, Groww, and Angel One reveals significant differences in their offerings. ICICI Direct provides 4.3 for Fees Ratings, while Groww offers 4.0 and Angel One features 4.4.
| Broker Ratings | ICICI Direct | Groww | Angel One |
|---|---|---|---|
| Fees Ratings | 4.3 | 4.0 | 4.4 |
| Trading Brokerage Rating | 4.4 | 4.4 | 4.4 |
| Trading Platform Usability | 4.4 | 4.8 | 4.3 |
| Customer Service Ratings | 4.3 | 3.8 | 4.4 |
| Overall Ratings | 4.3 | 4.3 | 4.4 |
Investment Offerings
This comparison between ICICI Direct, Groww, and Angel One reveals significant differences in their investment offerings. ICICI Direct provides investment offerings in Yes, mutual funds and offers trades in currency and commodities, while Groww provides investment offerings in Yes, mutual funds and does not offer trades in currency and commodities and Angel One provides investment offerings in Yes, mutual funds and offers trades in currency and commodities.
| Investment Offerings | ICICI Direct | Groww | Angel One |
|---|---|---|---|
| Equity Cash and F&O | Yes | Yes | Yes |
| Currency Derivatives | Yes | No | Yes |
| Commodity | Yes | No | Yes |
| Online IPO Application | Yes | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes |
| Bond / NCD | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Banking | Yes | No | No |
| Insurance | Yes | No | No |
| Forex | Yes | No | Yes |
| MF SIP Investment | Yes | Yes | Yes |
| Equity SIP Investment | Yes | Yes | Yes |
| PMS Service | Yes | No | Yes |
| Other Investment Options | Yes | No | Yes |
Customer Support
The comparison between ICICI Direct, Groww, and Angel One reveals significant differences in their Customer Support. ICICI Direct provides Yes, while Groww offers Yes and Angel One features Yes.
| Customer Support | ICICI Direct | Groww | Angel One |
|---|---|---|---|
| 24/7 Customer Service | Yes | Yes | Yes |
| Email Support | Yes | Yes | Yes |
| Online Live Chat | Yes | No | Yes |
| Phone Support | Yes | Yes | Yes |
| Toll Free Number | — | No | — |
| Through Branches | — | Yes | — |
| Customer Care Number | 022 3355 1122 | +91-9108800000 | 18001020 |
| Account Opening Process | Online/Offline | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center / Education | — | https://groww.in/blog | https://www.angelone.in/knowledge-center |
| Head Office Address |
ICICI Venture House, |
Vaishnavi Tech Park, South Tower, 3rd Floor |
601, 6th Floor, Ackruti Star, Central Road, MIDC, Andheri East, Mumbai – 400093 |
| Website | https://www.icicidirect.com/ | https://groww.in/ | https://www.angelone.in/ |
Research and Reports
The research and reports comparison between ICICI Direct, Groww, and Angel One reveals significant differences in their offerings.
| Research and Reports | ICICI Direct | Groww | Angel One |
|---|---|---|---|
| Research Mutual Funds | Yes | Yes | Yes |
| Research Equity Reports | Yes | No | Yes |
| Research ETF | Yes | Yes | Yes |
| Daily Market Report | Yes | Yes | Yes |
| Free Tips | No | No | No |
| Quarterly Result Analysis | Yes | Yes | Yes |
| News Alerts | Yes | Yes | Yes |
Demat Account Charges
This comparison between ICICI Direct, Groww, and Angel One reveals significant differences in their demat account charges. ICICI Direct provides NSDL & CDSL for DP Source, while Groww offers CDSL and Angel One features CDSL.
| Demat Account Charges | ICICI Direct | Groww | Angel One |
|---|---|---|---|
| DP Source | NSDL & CDSL | CDSL | CDSL |
| DP ID | — | 88700/88701/88702 | 384-2018 |
| Demat Account Annual Maintenance Charges (AMC) | Rs 700 | Zero | ₹2950 Lifetime AMC |
| Advance Deposit | No | Nil | No |
| Transaction Charges on Debit (Per ISIN) | — | ₹8 + ₹5.50 (CDSL Charges) per transaction | — |
| Demat | ₹50 | ₹150 per certificate + ₹100 courier charges | — |
| Remat | ₹25 + CDSL charges | ₹150 per certificate + ₹100 courier charges + CDSL Charges | — |
| Pledge Creation | ₹25 + GST | ₹20 + GST | ₹20 + GST |
| Pledge Creation Confirmation | ₹25 + GST | Yes | Yes |
| Pledge Closure | ₹25 + GST | ₹20 + GST | ₹20 + GST |
| Pledge Closure Confirmation | ₹25 + GST | Yes | Yes |
| Pledge Invocation | ₹25 + GST | ₹20 | ₹20 + GST |
| Failed Instruction Charges | NA | ₹50 per instruction | - |
| Other Charges | NA | Nil | - |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| ICICI Direct |
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| Groww |
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| Angel One |
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User Experience: Buying Stocks
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.
Groww – 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.
Brokerage Transparency: Intraday brokerage is 20 or 0.1%, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Supports online IPO applications.
Customer Support: Customer service rating is 3.8/5.
Market Presence: Around 1.2 Cr active clients use this broker.
Angel One – 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 4.5/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is ₹20 or 0.03%, 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 4.4/5.
Market Presence: Around 3.46 crore active clients use this broker.
Frequently Asked Questions
The account opening charges vary significantly: ICICI Direct charges Not specified, Groww charges Free, and Angel One charges Zero. 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: ICICI Direct offers 0.022% or 0.007% for equity intraday, Groww provides 20 or 0.1%, and Angel One charges ₹20 or 0.03%. 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: ICICI Direct offers 4, Groww provides 4, and Angel One features 4. The platforms support equity trading, derivatives, mutual funds, and other financial instruments suitable for different investor profiles.
Customer support quality varies: ICICI Direct has 4 support, Groww offers 4, and Angel One 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: ICICI Direct with 4.4, Groww with 4.8, and Angel One with 4.3. 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: ICICI Direct (Yes), Groww (Yes), and Angel One (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: ICICI Direct offers user-friendly platforms with educational resources, Groww provides competitive pricing with intuitive interfaces, and Angel One 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: ICICI Direct focuses on intuitive design and quick execution, Groww emphasizes advanced charting and analysis tools, while Angel One 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
ICICI Direct
Groww
