Broker comparison
ICICI Direct vs 5paisa (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of ICICI Direct and 5paisa from published official pricing and features — no affiliation with either broker.
| Metric | ICICI Direct | 5paisa |
|---|---|---|
| Delivery brokerage | Plan-based - see official brokerage page (flat ₹20 plans available) | ₹20 per order (flat) |
| Intraday brokerage | Plan-based - flat ₹20 per order on current flat-fee plans | ₹20 per order (flat) |
| F&O brokerage | Plan-based - flat ₹20 per order on current flat-fee plans | ₹20 per order (flat) |
| AMC | ₹700 per year (₹300 for iVALUE subscribers) | ₹0 for BSDA; up to ₹300 + GST per year on higher holdings |
| Account opening | ₹0 (free); 3-in-1 account with ICICI Bank | Free (online) |
| Trading API | Breeze API — See official Breeze API page | 5paisa Xtream API — See official developer page |
| Reported execution speed | Not Disclosed | ≈ 85 ms (median) |
| Algo support | Yes - via Breeze API | Yes - via Xtream API |
| Platforms | ICICI Direct web, ICICI Direct Markets app, Trade Racer | 5paisa app, 5paisa web, FnO 360 |
| Best for (published) | ICICI Bank customers who want research, advisory and one integrated account. | Cost-conscious traders comfortable with a subscription add-on model. |
Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.
What the published data shows
5paisa publishes an execution-speed figure; ICICI Direct does not on verifiable sources.
Tools & profiles
- ICICI Direct full profile
- 5paisa full profile
- ICICI Direct brokerage calculator
- 5paisa brokerage calculator
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Frequently asked questions
ICICI Direct vs 5paisa: which has lower delivery brokerage?
At our last review, ICICI Direct published delivery brokerage as "Plan-based - see official brokerage page (flat ₹20 plans available)" and 5paisa as "₹20 per order (flat)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does ICICI Direct or 5paisa have a trading API?
Both have documented APIs at review time: ICICI Direct (Breeze API), 5paisa (5paisa Xtream API). Compare pricing and rate limits on each broker's developer page.
Which is faster — ICICI Direct or 5paisa?
5paisa publishes ≈ 85 ms (median). ICICI Direct has no verifiable execution-speed figure we could cite.
Are these comparisons independent?
Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.
Sources
- ICICI Direct - official website - https://www.icicidirect.com
- ICICI Direct - official pricing - https://www.icicidirect.com/brokerage
- 5paisa - official website - https://www.5paisa.com
- 5paisa - official pricing - https://www.5paisa.com/pricing