Are you using an ICICI Securities Demat Account for investing? There’s a big secret about ICICI Securities that nobody tells you. It can make you lose a lot of money without you even realizing it. Let me explain how.
ICICI Securities charges really high brokerage fees. While other brokers charge less, ICICI Securities makes you pay more, especially when you trade a lot. This is how they take away your hard-earned money:
1. Brokerage Per Lot
Most brokers charge fees per executed order. That means you can trade 1 lot or 100 lots, and the fee will stay the same. But ICICI Securities charges per lot. For example, if you buy 1 lot of Nifty Bees, you pay ₹35 as brokerage. If you buy 10 lots, you pay ₹350!
2. Why Is This Bad for Investors?
This fee system can become very expensive, especially for people who trade more. Imagine you want to buy a lot of shares or ETFs. Instead of paying just ₹20 like discount brokers charge, you’ll end up paying hundreds or even thousands of rupees in brokerage. Over time, this can take away a big chunk of your investment money.
If you want to save your money and grow your investments, you need a broker that doesn’t charge unfair fees. I recommend Angel One because it is affordable and beginner-friendly. Angel One charges ₹20 per order, no matter how many lots you buy. To open account in angelone, please follow this link.
Final Words
ICICI Securities might look professional, but their high brokerage fees can seriously hurt your investments. If you want to keep more of your money and make smart trades, stay away from brokers that charge per lot. Don’t let unnecessary fees stop you from growing your wealth. Start investing wisely today!