Table of Contents
ICICI Direct I-Secure Plan Brokerage in Cash
Margin & Margin Plus Brokerage
Brokerage In Future, Future Plus and Future Plus Stop Loss
Brokerage in Currency Futures & Future Plus Stop Loss
Brokerage in Commodity Futures
Brokerage in Options & Option Plus
Brokerage in Commodity Options
ICICI Direct is one of the biggest Indian retail stock brokers at the moment. It is known for its various brokerage plans with competitive brokerage rates. The ICICI Direct I-Secure Plan is one of the 6 important ICICI Direct brokerage plans. It is available on offer for brokers today.
Read and know all about the brokerage charges and more about the ICICI Direct I-Secure Plan. The plan is winning over customers with its safety, security and competitiveness.
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ICICI Direct I-Secure Plan Brokerage in Cash
The ICICI Direct I-Secure Plan imposes a brokerage of 0.55% on cash transactions. It has an effective brokerage rate of 0.275% for the second leg of intraday trades, applicable to the square-off.
It is important for you to note that this ICICI Direct I-Secure Plan brokerage structure remains consistent irrespective of the total eligible turnover. You have to pay no brokerage for the second leg of intraday trades. This leads to an effective 0.275% brokerage for intraday square-offs.
Read about: ICICI Direct Brokerage Plans 2024: Neo Plan, Lifetime Prepaid Brokerage Plan, Prime Plan and I-Secure Plan.
Margin & Margin Plus Brokerage
In the ICICI Direct I-Secure Plan, the brokerage for Margin and Margin Plus is set at 0.050%. For transactions up to ₹50,000, the minimum brokerage is ₹25 or 2.5%, whichever is lower, with all statutory charges applied additionally. It is important for you to note that the brokerage rate mentioned for the ICICI Direct I-Secure Plan is applicable for trade values exceeding ₹50,000.
Additional ICICI Direct I-Secure Plan charges include:
- 0.0001% SEBI turnover charges,
- 0.025% STT on turnover for sell transactions,
- 18% GST on the total brokerage value, and
- 0.0021% NSE transaction charges (and Rs 0.75 per trade for BSE).
You should also know that state-wise Stamp Duty is levied on turnover. Specific charges apply to certain BSE-listed securities. Any Margin position converted to delivery or Margin Trading Funding incurs brokerage equivalent to the Cash Segment.
Brokerage In Future, Future Plus and Future Plus Stop Loss
In the ICICI Direct I-Secure Plan, you can get a flat brokerage rate of 0.05% or Rs. 50, whichever is lower. It is applicable for Equity Futures, including Equity Future Plus, Equity Future, and Equity Future Plus Stop Loss. The flat brokerage applies to the other leg of Intraday square off transactions in Equity Futures.
Brokerage in Currency Futures & Future Plus Stop Loss
In the ICICI Direct I-Secure Plan, you are supposed to pay a brokerage rate of 20 per order for Currency Futures and Future Plus Stop Loss transactions.
- SEBI turnover charges will be calculated at 0.0001% of turnover (₹ 10 per crore).
- GST of 18% will be imposed on the total brokerage value. NSE Transaction Charges, set at 0.00095% on turnover, will have GST applied separately.
- For the Commodity and Currency segments, interest at a rate of 0.025% per day, plus GST, will be applicable to shares used as collateral and margin.
Brokerage in Commodity Futures
You can get a brokerage rate of 20 per order for commodity futures trading in the ICICI Direct I-Secure Plan.
- Goods and Services Tax (GST) at 18% is levied on the total brokerage value.
- On the sell side, a Commodity Transaction Tax (CTT) of 0.01% is imposed on turnover.
- Stamp Duty at 0.002% is applied on turnover for the buy side.
- Call and Trade line, as well as system square off charges, stand at Rs. 50 per order.
- Further, SEBI turnover charges are set at 0.0001% (₹ 10 per crore) for Non Agri commodities and 0.00001% (₹ 1 per crore) for Agri commodities. MCX Transaction Charges for Group A Commodities amount to 0.0026% on turnover, with applicable GST charged separately.
- In the Commodity and Currency segments, interest at 0.025% per day plus GST is applicable on shares utilized as collateral and margin.
Brokerage in Options & Option Plus
You can get a flat brokerage rate for options and option plus trading in the ICICI Direct I-Secure Plan. The brokerage charge is 95/- per contract lot for the first leg, and a reduced rate of 50/- for the second leg of Intraday square off per lot.
Brokerage in Currency Options
You can get a brokerage rate of 20 per order for trading in currency options. A standard Goods and Services Tax (GST) rate of 18% will be applied to the overall brokerage value.
- In SEBI turnover changes, a rate of 0.0001% (₹10 per crore) will be imposed on both the Option Premium and Notional value for Exercise/Assignment.
- In the Commodity and Currency segments, a daily interest rate of 0.025%, along with GST, will be levied on shares provided as collateral and utilized as margin.
Read about: ICICI Direct Demat Account 2024: Features, AMC, Charges, and More.
Brokerage in Commodity Options
You can avail a fixed brokerage rate of 20 per order in the ICICI Direct I-Secure Plan for commodity options trading.
- Goods and Services Tax (GST) is levied at a rate of 18% on the overall brokerage value.
- In the Commodity and Currency segments, a daily interest rate of 0.025% plus GST is applicable to shares provided as collateral and utilized as margin. These regulations contribute to the overall financial considerations for traders in these markets.
- Also, a Commodity Transaction Tax (CTT) of 0.05% is imposed on the premium during sell-side transactions.
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Conclusion
We hope that you have now got a fair idea about the ICICI Direct I-Secure Plan? This is one of the best brokerage plans on offer from ICICI Direct, and stands out for its reasonable charges. When compared with other brokers such as Zerodha, Angel One or Upstox, the charges stand as fairly competitive. You will love to opt for the ICICI Direct I-Secure Plan and start trading with ease. Powered by ICICI Securities, each plan from ICICI Direct stands out for its charges, comprehensiveness and convenience for traders and the same can be said about its I-Secure Plan. Go for it!
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