ICICI Securities broker Accounts

icici securities Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

icici securities Account Types Explained

ICICI Securities offers a variety of account types tailored to meet the diverse needs of traders and investors. Below is an overview of the available account types, their features, and who they are best suited for.

1. ICICI Direct Trading Account

• Minimum Deposit Requirement: ₹0
• Spread/Commission Structure: Varies based on trading volume and plan.
• Leverage Options: Up to 1:50.
• Key Features: Access to stocks, mutual funds, IPOs, and derivatives; robust trading platform.
• Target User Profile: Suitable for beginners and experienced traders.
• Trading Instruments Available: Stocks, mutual funds, ETFs, derivatives.

2. ICICI NRI Trading Account

• Minimum Deposit Requirement: ₹0
• Spread/Commission Structure: Similar to the domestic trading account, varies based on trading volume.
• Leverage Options: Up to 1:50.
• Key Features: Designed for Non-Resident Indians (NRIs) to trade in Indian markets; includes a 3-in-1 account (banking, trading, and demat).
• Target User Profile: NRIs looking to invest in Indian markets.
• Trading Instruments Available: Stocks, mutual funds, ETFs, derivatives.

3. ICICI Direct Prime Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Lower brokerage fees for higher trading volumes.
• Leverage Options: Up to 1:50.
• Key Features: Enhanced research and advisory services; priority customer support.
• Target User Profile: Active traders and investors seeking more personalized service.
• Trading Instruments Available: Stocks, mutual funds, ETFs, derivatives.

4. ICICI Direct 3-in-1 Account

• Minimum Deposit Requirement: ₹0
• Spread/Commission Structure: Standard brokerage fees apply.
• Leverage Options: Up to 1:50.
• Key Features: Combines a savings account, trading account, and demat account for seamless transactions.
• Target User Profile: Retail investors looking for convenience.
• Trading Instruments Available: Stocks, mutual funds, ETFs, derivatives.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: ICICI Direct Trading Account or ICICI Direct 3-in-1 Account.
• Intermediate: ICICI Direct Prime Account.
• Advanced: ICICI NRI Trading Account for international investors.

Detailed icici securities Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• ICICI Direct Trading Account:

• No minimum deposit required.

• Access to a wide range of financial instruments.

• User-friendly trading platform.

• ICICI NRI Trading Account:

• Tailored for NRIs with seamless fund transfers.

• 3-in-1 account for easy management.

• Access to Indian markets from abroad.

• ICICI Direct Prime Account:

• Lower brokerage fees for frequent traders.

• Enhanced research and advisory services.

• Priority customer support.

• ICICI Direct 3-in-1 Account:

• Integrated banking and trading services.

• Convenient fund transfers between accounts.

• No minimum deposit requirement.

Disadvantages of Each Account Type

• ICICI Direct Trading Account:

• Standard brokerage fees may be higher for low-volume traders.

• Limited personalized services.

• ICICI NRI Trading Account:

• May involve additional documentation for NRIs.

• Restrictions on certain investments.

• ICICI Direct Prime Account:

• Higher minimum deposit requirement.

• More suitable for active traders only.

• ICICI Direct 3-in-1 Account:

• Limited to Indian residents and NRIs.

• Standard brokerage fees apply.

icici securities Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Open to Indian residents and NRIs.
• Prohibited Countries: Specific restrictions may apply to certain countries based on regulatory guidelines.
• Identity Verification Documents Needed:
• PAN Card (Permanent Account Number).
• Aadhar Card or Passport for identity proof.
• Proof of Residence Requirements: Utility bills, bank statements, or any government-issued document with the current address.
• Additional Documentation for Professional Accounts: Business registration documents, if applicable.

KYC/AML Compliance Procedures

• Complete KYC (Know Your Customer) verification is mandatory.
• AML (Anti-Money Laundering) compliance checks are conducted during the registration process.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Step-by-Step icici securities Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the ICICI Direct website and click on the "Open Your Account" button.
2. Personal Information Entry: Fill in personal details such as name, contact number, and email address.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Specify your trading preferences and investment goals.
5. Document Upload: Upload the required identity and address verification documents.
6. Account Verification: Wait for the verification process to be completed by ICICI Securities.
7. Fund Your Account: Once verified, fund your account using the available payment methods.
8. Start Trading: Begin trading on the ICICI Direct platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with minor interface adjustments for mobile users.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the required format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days, depending on the completeness of the documentation.

How to Upgrade/Downgrade Account Types

• Users can request changes in account types through the customer support portal or by contacting their relationship manager.

icici securities Demo Account Guide

Demo Account Features and Benefits

• The demo account allows users to practice trading without risking real money.
• It provides access to the full range of trading tools and features available on the live platform.

How to Open a Demo Account

• Visit the ICICI Direct website and navigate to the demo account section.
• Fill out the registration form and provide necessary details.

Demo Account Limitations

• The demo account may have a limited virtual balance and is not intended for real trading.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of ₹1,000,000 for practice purposes.

Demo vs Live Account Differences

• The demo account simulates trading conditions but does not involve real money transactions.

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited period, often 30 days, after which users may need to re-register.

icici securities Islamic Account Details

Swap-Free/Islamic Account Availability

• ICICI Securities does not currently offer a dedicated Islamic or swap-free account.

Eligibility Requirements

• Standard accounts are available for all eligible customers, but there are no specific Islamic account provisions.

Differences from Standard Accounts

• Islamic accounts typically do not incur swap fees; however, ICICI does not provide this option.

How to Apply for Islamic Account

• As there are no Islamic accounts available, this section is not applicable.

Restrictions or Special Conditions

• No specific restrictions apply as Islamic accounts are not offered.

FAQs – icici securities Account Types & Opening

1. What account types does icici securities offer？

• ICICI Securities offers several account types including the ICICI Direct Trading Account, ICICI NRI Trading Account, ICICI Direct Prime Account, and ICICI Direct 3-in-1 Account.

1. What is the minimum deposit for each account type？

• The minimum deposit is ₹0 for the ICICI Direct Trading Account, ICICI NRI Trading Account, and ICICI Direct 3-in-1 Account. The ICICI Direct Prime Account requires a minimum deposit of ₹25,000.

1. How long does icici securities account verification take？

• Account verification typically takes 1-3 business days.

1. Does icici securities offer demo accounts？

• Yes, ICICI Securities offers demo accounts for practice trading.

1. Can I have multiple account types with icici securities？

• Yes, users can have multiple account types based on their trading needs.

1. Does icici securities offer Islamic/swap-free accounts？

• No, ICICI Securities does not currently offer Islamic or swap-free accounts.

1. What documents do I need to open a icici securities account？

• Required documents include a PAN Card, Aadhar Card or Passport, and proof of residence.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support or through a relationship manager.