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Direct Prime Forex Broker keeps up-to-date with the latest trading account information, including STP, ECN maximum leverage of --, trading varieties, and more
Rating Index
Pros
Offers a wide range of trading instruments, including over 50 forex currency pairs, commodities, and cryptocurrencies.
Provides high leverage options of up to 400:1, which can enhance trading potential.
User-friendly trading platforms available, including a web trader and a mobile app for convenient trading.
Cons
High minimum deposit requirement of $2,500 to open a live trading account, which may be a barrier for new traders.
Lack of transparency regarding minimum trade sizes and established history, which could raise concerns for potential clients.
Limited regulatory oversight, as it is registered under MISA, which may not provide the same level of security as brokers regulated by more stringent authorities.
Direct Prime broker Accounts
STP
Environment
--
Currency
--
Maximum Leverage
--
SupportedEA
Minimum Deposit
5,000 $
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
--
Products
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ECN
Environment
--
Currency
--
Maximum Leverage
--
SupportedEA
Minimum Deposit
2,500 $
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
--
Products
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ICICI Direct Account Type
ICICI Direct offers several account types under its Prime Brokerage Plan, designed to cater to different trading needs. The plans include:
- Prime Plan ₹299:
- Validity: 1 year
- Equity Delivery Brokerage: 0.27%
- Intraday & Futures Brokerage: 0.027%
- Options Brokerage: ₹40 per lot
- Currency & Commodity Futures: ₹20 per order
- EATM Limit: ₹2.5 Lakhs
- Special MTF Interest Rates: 14.90%
- Prime Plan ₹999:
- Validity: Lifetime
- Equity Delivery Brokerage: 0.22%
- Intraday & Futures Brokerage: 0.022%
- Options Brokerage: ₹35 per lot
- Currency & Commodity Futures: ₹20 per order
- EATM Limit: ₹10 Lakhs
- Special MTF Interest Rates: 12.90%
- Prime Plan ₹1,999:
- Validity: Lifetime
- Equity Delivery Brokerage: 0.18%
- Intraday & Futures Brokerage: 0.018%
- Options Brokerage: ₹25 per lot
- Currency & Commodity Futures: ₹20 per order
- EATM Limit: ₹25 Lakhs
- Special MTF Interest Rates: 10.40%
- Prime Plan ₹2,999:
- Validity: Lifetime
- Equity Delivery Brokerage: 0.15%
- Intraday & Futures Brokerage: 0.015%
- Options Brokerage: ₹20 per lot
- Currency & Commodity Futures: ₹20 per order
- EATM Limit: ₹1 Crore
- Special MTF Interest Rates: 8.90%
- Prime Plan ₹3,999:
- Validity: Lifetime
- Equity Delivery Brokerage: 0.12%
- Intraday & Futures Brokerage: 0.012%
- Options Brokerage: ₹15 per lot
- Currency & Commodity Futures: ₹20 per order
- EATM Limit: ₹1 Crore
- Special MTF Interest Rates: 8.90%
- Prime Plan ₹4,999:
- Validity: Lifetime
- Equity Delivery Brokerage: 0.10%
- Intraday & Futures Brokerage: 0.01%
- Options Brokerage: ₹10 per lot
- Currency & Commodity Futures: ₹20 per order
- EATM Limit: ₹1 Crore
- Special MTF Interest Rates: 7.90%
- Visit the Website: Go to icicidirect.com.
- Select 'Open an Account': Click on the "Open an Account" section.
- Fill in the Details: Complete the registration form with your personal information.
- Document Submission: Prepare and upload the necessary documents, including:
- PAN Card
- Address Proof
- Bank Statement
- Signature on a white paper
- Verification: An ICICI representative will contact you for verification and may visit your home to collect documents.
- Account Activation: After verification, your account will be activated, and you will receive your user ID via email.
ICICI Direct Broker Account Opening Process
To open an account with ICICI Direct, follow these steps:
The entire process typically takes 3-4 days, and you can start trading once your account is active.
Direct Prime Similar Broker Accounts
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Direct Prime accounts can be viewed for products that can be traded -- accounts with a minimum deposit of 5,000 $ by (2+) --.