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MouthShut Score

31%
2.06 

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Verified Member MouthShut Verified Member
Ahmedabad, India India
Very high brokerage
Nov 04, 2017 10:51 AM 8296 Views (via iOS App)

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Icici direct charges me 0.55% brokerage which is highest in indian market! In return they do provide some services like bullet trade but still 0.55% is enough to eat your profit because you also have to pay gst on charges! So higher brokerage will lead to higher gst.Some other banks with demat account do provide 0 balance account but in icici you have to maintain your balance as well otherwise they will charge you more.Annual charge of demat is also more then 700/year.They do not provide any out of the world service and still charging highest brokerage so I do not find any meaning in wasting precious money.However I do appreciate their platform.


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