Broker comparison
Angel One vs ICICI Direct (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Angel One and ICICI Direct from published official pricing and features — no affiliation with either broker.
| Metric | Angel One | ICICI Direct |
|---|---|---|
| Delivery brokerage | ₹20 or 0.1% per order (whichever is lower; see official pricing for current schedule) | Plan-based - see official brokerage page (flat ₹20 plans available) |
| Intraday brokerage | ₹20 or 0.03% per order (whichever is lower) | Plan-based - flat ₹20 per order on current flat-fee plans |
| F&O brokerage | ₹20 per order (flat) | Plan-based - flat ₹20 per order on current flat-fee plans |
| AMC | Free first year, then ₹60 + GST per quarter (non-BSDA) | ₹700 per year (₹300 for iVALUE subscribers) |
| Account opening | Free (online) | ₹0 (free); 3-in-1 account with ICICI Bank |
| Trading API | SmartAPI — Free (per official SmartAPI page) | Breeze API — See official Breeze API page |
| Reported execution speed | ≈ 95 ms (median) | Not Disclosed |
| Algo support | Yes - free SmartAPI with multi-language SDKs | Yes - via Breeze API |
| Platforms | Angel One app, Angel One web, SpeedPro | ICICI Direct web, ICICI Direct Markets app, Trade Racer |
| Best for (published) | Traders who want flat-fee pricing plus research, or a free multi-language API. | ICICI Bank customers who want research, advisory and one integrated account. |
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
Angel One publishes an execution-speed figure; ICICI Direct does not on verifiable sources.
Tools & profiles
- Angel One full profile
- ICICI Direct full profile
- Angel One brokerage calculator
- ICICI Direct brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
Related comparisons
- Zerodha vs Angel One
- Zerodha vs ICICI Direct
- Upstox vs Angel One
- Upstox vs ICICI Direct
- Groww vs Angel One
- Groww vs ICICI Direct
Frequently asked questions
Angel One vs ICICI Direct: which has lower delivery brokerage?
At our last review, Angel One published delivery brokerage as "₹20 or 0.1% per order (whichever is lower; see official pricing for current schedule)" and ICICI Direct as "Plan-based - see official brokerage page (flat ₹20 plans available)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Angel One or ICICI Direct have a trading API?
Both have documented APIs at review time: Angel One (SmartAPI), ICICI Direct (Breeze API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Angel One or ICICI Direct?
Angel One publishes ≈ 95 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
- Angel One - official website - https://www.angelone.in
- Angel One - official pricing - https://www.angelone.in/pricing
- ICICI Direct - official website - https://www.icicidirect.com
- ICICI Direct - official pricing - https://www.icicidirect.com/brokerage