Broker Comparison |
Nuvama(3.1) Open Account |
Angel One(3.2) Open Account |
ICICI Direct(3) Open Account |
|---|---|---|---|
| Basic Details | |||
| Broker Type | |||
| Broker Type | Full Service Broker | Full Service Broker | Full Service Broker |
| Account Opening | |||
| Account Opening | Free | ₹0 | ₹0 |
| Account Maintenance | |||
| Account Maintenance | ₹ 500 | ₹240 | ₹300 |
| Broker Ratings | |||
| Usability | |||
| Usability | (3) | (3) | (3) |
| Charged | |||
| Charged | (2.5) | (4) | (2.5) |
| Customer Service | |||
| Customer Service | (3.7) | (2.5) | (3.5) |
A retail trading and investment service, ICICI Direct, is a part of ICICI Securities, the largest retail stock broker firm in India. ICICI Direct offers 'online trading and investment' services to more than 20 lakhs customers. It offers services online as well as through a network of branches across India.
Opening a trading account with ICICI direct is free of cost irrespective of the plan you have chosen. However, the other charges like brokerage, maintenance, margin, other charges depend upon the product, segment and the plan you have chosen.
ICICI Direct provides a range of trading and investment options, thus giving new investors a platter to choose from. Also, the company offers free research and advisory services, which makes it easier for stock market beginners who need hand-holding, to start their investment journey and further provides them with a convenient trading experience.
Angel One is known as the largest full-service retail broker of India. With more than two decades of broking experience, Angel One has effectively managed to have a pan-India presence in over 1800 cities and towns. Angel One, with its modern technology and functional trading platform, serves their best when it comes to investment and trading advisory services. And it is also known for its transparent working policies and ethical practices.
You can open a Demat account in Angel One in 2 ways:
1. Online Account Opening (Digital KYC)
Go to the Angel One website and go to the account opening page.
Fill the application form, submit all the essential documents for In-person KYC verification and identity verification.
Pay the charges associated with the Demat account.
On the complete verification of the document, your Demat account opens, the confirmation mail will be sent to you on your registered mail ID.
2. Visit Angel Branch Office.
Angel One offers account opening through the online Digital Know your Customer (D-KYC) process. It takes 24 hours to get the activation details. This is the fastest way of opening a Demat and trading accounts.
The Nuvama Wealth (formerly Edelweiss) is one of India's leading financial services companies which provides a broad range of financial products and services to a substantial and diversified client base. Depending on such a widespread client base, the company provides different brokerage plans which are suited for all types of investors, including beginners. Apart from that, Nuvama has strong search and advisory services, which helps their clients with their investment decisions. This is also a good service for beginners or new investors who need assistance in selecting good, trending, and profitable stocks.
To open an account with Nuvama, follow the below steps:
Click on the ‘Open an account' button to begin the online trading account opening process. If you have all the documents in hand, the process should not take more than 15 minutes. To know the entire process of opening an account with Nuvama in detail, click here.
There are no charges of opening an account with Nuvama. The other charges include maintenance charges, brokerage, and other charges, depending upon the products, plans and segments.
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