ICICI Direct is a full-service broker that avails its customer for retail trading and investment service from ICICI securities that is the famous and largest stock broker in India. It was incorporated on 9 March, 1995 as ICICI Brokerage Services. The company offers a broad range of investment options to the retail and institutional customers.
The ICICI Securities is part of ICICI Group, the India’s top financial service provider offers several banking and other financial services. It offers various online trading and investment services to customers on major level through the ICICI direct platform.
ICICI Direct avails their customers by providing a complete set of investment products such as online equity trading, derivatives trading, Mutual Fund & IPO, Fixed Deposit, Bonds, NCDs, Wealth products, Home Loans, Loan Against Securities etc, all of it under one login. It is among the most visited investment portals in India.
ICICI Direct Consumer Complaints
ICICI Direct brokerage complaints provides the detailed report about the number of complaints received by the stock exchanges. The ICICI Direct consumer complaint report analyses the online data provided by BSE and NSE. The report determines the health of the broker.
Such complaints are the serious grievances that are against ICICI Direct broker by their customer that remain unsolved. The customer has then filed these complaints at the National Stock Exchanges. The ICICI Direct complaint determine the number of reports shows the number of active clients. It also determines the health of the broker.
ICICI Direct Consumer Complaints (On-yearly basis)
Exchange
Financial Year
Number of Clients
Total Complaints
BSE
2024-21
3,89,387
20
NSE
2024-21
12,37,972
450
BSE
2019-20
3,87,968
25
NSE
2019-20
10,75,956
194
BSE
2018-19
2,50,225
25
NSE
2018-19
8,30,661
161
BSE
2017-18
4,17,147
84
NSE
2017-18
7,98,355
153
BSE
2016-17
2,96,286
21
NSE
2016-17
6,18,359
132
BSE
2015-16
3,08,908
27
NSE
2015-16
5,60,438
153
BSE
2014-15
2,43,808
43
NSE
2014-15
5,94,714
161
BSE
2013-14
24,54,063
62
NSE
2013-14
5,00,733
148
BSE
2012-13
22,02,803
81
NSE
2012-13
2,103,212
192
BSE
2011-12
2,001,501
59
ICICI Direct complaints at NSE
2024-21
2019-20
2018-19
Defaulter Yes/No
No
No
No
No. of clients at the beginning of the year
No. of active clients
12,37,972
10,75,956
8,30,661
No. of complaints received
450
194
161
Resolved through the exchange
387
171
155
Defaulter Yes/No
No
No
No
Non actionable
17
3
0
Advised / Opted for arbitration
2
2
0
Pending for redressal with exchange
44
18
6
No. of arbitration filed by clients
3
7
2
Decided by arbitrators in favor of the clients
2
5
1
Decided by the arbitrators
0
1
0
Pending for redressal with arbitrators
1
2
1
% of No. of complaints as against No. of active clients
0.03
0.01
0.01
% of complaints resolved as against complaints received
90.22
90.72
96.27
ICICI Direct Complaints at BSE
2024-21
2019-20
2018-19
Defaulter Yes/No
No
No
No
No. of clients at the beginning of the year
1,02,87,528
47,77,203
43,57,539
No. of active clients
3,89,387
3,87,968
2,50,225
No. of complaints received *
20
25
25
Resolved through the exchange
14
23
24
Non actionable **
0
3
0
Advised / Opted for arbitration
0
2
2
Pending for redressal with exchange
6
2
1
No. of arbitration filed by clients
0
0
0
Decided by arbitrators in favor of the clients
0
0
0
Decided by the arbitrators
0
0
0
Pending for redressal with arbitrators
0
0
0
% of No. of complaints as against No. of active clients
0
0
0.01
% of complaints resolved as against complaints received
Hello guys I wan to say this to whom it may
concern. Investing in crypto was my husband
ideal. I trade with some crypto platform not
knowing they where sc!m and this made me lose
almost all I had. Am only happy because I found
help after reporting to a recovery firm and they
helped me recover all I lost to these fake crypto
platform. My advice is that everyone need to be
careful of the platform you deal with. If you have
falling victim of these fake platform do not
hesitate to file a complaint to Marketpeace.net
this company helped me and I believe she can
help you too. Stay safe guys.
I hold NRI shares on and will demat them with ICICI. Upon selling these shares, will the proceeds be credited to NRE or NRO account? Depending upon the answer, I will map either the NRO or NRE account to my NRI Trading account.
I hold NRI shares on and will demat them with ICICI. Upon selling these shares, will the proceeds be credited to NRE or NRO account? Depending upon the answer, I will map either the NRO or NRE account to my NRI Trading account.
This is a WARNING not to do any business with this company.You will be asked to pay for bogus “taxes” in order to withdraw which were not mentioned before. And even if you do pay, You still can’t. If you are in this mess or similar one get help by contacting Marketpeace .n et Their service was so easy to work with and we recouped all my losses till the last penny. You can send a message to WhatsApp +84 94 767 1524.
Yes, ICICI Prudential Mutual Fund is good. It is a reputed fund house offering the direct mutual fund services. By investing in direct schemes, you can save on commissions and charges. These commissions and charges add up to a significant amount in the long-term.
With this facility, If an order remains unexecuted on a specific trade but you are not required to log in again and place the same orders again. ICICI direct will keep submitting the remaining order to the exchange everyday morning.
The brokerage charged by ICICI Direct is very expensive. The brokerage charges will be reduced by subscribing to ICICI Direct prime or prepaid brokerage plans. The brokerage charged is very high for the novice traders.
A Limit Price is an order to buy or sell shares at the specified price or a better price. The better price for a buy order will be the lowest possible whereas, for a sell order it will be the highest possible. You need to specify a maximum price for a buy order and a minimum price for a sell order. The order will be executed at the specified price or a lower price for the buy orders or a higher price for sell orders.
The online account opening with the Aadhar based digital signature is not provided to the NRIs. The US based NRIs can open an account online. The paperless process takes just 2 days to open an account once the application is submitted.
The Post IPO is closed the allotment process gets completed within the next 5th working days and on the 6th working day the shares are listed on the exchange.
The ICICI Direct account gets automatically deactivated if it remains unused for 6 months. The account will continue to attract charges. So, in case you are planning to deactivate your account for few days or couple of months then it does not make much difference whether it is active or deactivated.
ICICI Direct is an integrated account of trading, demat and bank accounts. In such accounts, all the accounts are linked together to facilitate the customers with the smooth and faster trading. All the accounts are opened altogether at once by filling a single application form.
“Convert to Delivery” (CTD) in ICICI Direct is an option where in the customers can convert your intraday positions (margin buy) into cash delivery. The customer can convert the entire order or a part of it. The customers is required to pay the entire trading value (100% margin) while converting the order.
The ICICI Direct customers can open a demat account for free of cost. The customers planning to open a ICICI trading account along with the demat account will be charged ₹975 for opening the account.
Yes, you can withdraw an IPO application while the IPO is still open. Simply visit ICICI direct website, visit the IPO order book for placing a withdrawal request.
The ICICI direct bullet brokerage allows the customers to trade in Intraday for free brokerage. They will square off within 5 minutes by the customer. ICICI does not charge any brokerage for the intraday position squared-off in less than 5 minutes. However, the other charges and taxes will be applicable as per their brokerage plan. This plan is offered on the Intraday Margin plus facility.
ICICI Direct Equity ATM (eATM) is the facility where the customers receive money from selling the shares in 30 minutes into their trading account. In a normal settlement cycle, the money is credited to their T+2 working day excluding holidays.
ICICI Direct Cloud Order facility designed for placing the quick orders. Instead of filling the order form while the market is on, you could prepare and save a number of orders well in advance. Such orders remain in the cloud order queue until you delete them. These orders are not sent to the exchange until they place the order.
ICICI Direct offers both the NSDL and CDSL depositories for the demat account. The customers can select any one of them at the time of opening an account. The ICICI Securities is the depository participant with both the NSDL and CDSL.
In order to convert an Intraday position to delivery (Cash Segment), you need to click on the “Convert to Delivery” (CTD) link on the “Margins Positions” page. You can convert a position in full or part. The CTD would require the full payment of the trading value.
IOC order in ICICI Direct is an abbreviation for “Immediate or Cancelled” order. It is a type of order validity that you have to select while placing a buy or sell order. The other options in order validity are ”Day” and “VTC” (Valid Till Cancelled).
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jamez cutt
Hello guys I wan to say this to whom it may concern. Investing in crypto was my husband ideal. I trade with some crypto platform not knowing they where sc!m and this made me lose almost all I had. Am only happy because I found help after reporting to a recovery firm and they helped me recover all I lost to these fake crypto platform. My advice is that everyone need to be careful of the platform you deal with. If you have falling victim of these fake platform do not hesitate to file a complaint to Marketpeace.net this company helped me and I believe she can help you too. Stay safe guys.
Gaurav
Nice Review
bhagwat Jain
I hold NRI shares on and will demat them with ICICI. Upon selling these shares, will the proceeds be credited to NRE or NRO account? Depending upon the answer, I will map either the NRO or NRE account to my NRI Trading account.
bhagwat Jain
I hold NRI shares on and will demat them with ICICI. Upon selling these shares, will the proceeds be credited to NRE or NRO account? Depending upon the answer, I will map either the NRO or NRE account to my NRI Trading account.
Rajack shelon
This is a WARNING not to do any business with this company.You will be asked to pay for bogus “taxes” in order to withdraw which were not mentioned before. And even if you do pay, You still can’t. If you are in this mess or similar one get help by contacting Marketpeace .n et Their service was so easy to work with and we recouped all my losses till the last penny. You can send a message to WhatsApp +84 94 767 1524.