Broker comparison
ICICI Direct vs IIFL Securities (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of ICICI Direct and IIFL Securities from published official pricing and features — no affiliation with either broker.
| Metric | ICICI Direct | IIFL Securities |
|---|---|---|
| Delivery brokerage | Plan-based - see official brokerage page (flat ₹20 plans available) | 0.25% per order on the standard plan; lower-percentage and flat plans available - see official pricing |
| Intraday brokerage | Plan-based - flat ₹20 per order on current flat-fee plans | 0.05% per order on the standard plan - see official pricing |
| 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) | Free first year, then ₹250–₹450 per year depending on plan |
| Account opening | ₹0 (free); 3-in-1 account with ICICI Bank | Free (₹0 online) |
| Trading API | Breeze API — See official Breeze API page | IIFL Securities API — Free for IIFL customers (per official pages) |
| Reported execution speed | Not Disclosed | ≈ 95 ms (median) |
| Algo support | Yes - via Breeze API | Yes - via IIFL trading API |
| Platforms | ICICI Direct web, ICICI Direct Markets app, Trade Racer | IIFL Markets app, IIFL web (Trading Terminal), IIFL NEST desktop |
| Best for (published) | ICICI Bank customers who want research, advisory and one integrated account. | Traders who want a full-service broker with research and a free API, and who trade mainly F&O at flat pricing. |
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
IIFL Securities publishes an execution-speed figure; ICICI Direct does not on verifiable sources.
Tools & profiles
- ICICI Direct full profile
- IIFL Securities full profile
- ICICI Direct brokerage calculator
- IIFL Securities brokerage calculator
- Lowest brokerage brokers in India
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Frequently asked questions
ICICI Direct vs IIFL Securities: 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 IIFL Securities as "0.25% per order on the standard plan; lower-percentage and flat plans available - see official pricing". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does ICICI Direct or IIFL Securities have a trading API?
Both have documented APIs at review time: ICICI Direct (Breeze API), IIFL Securities (IIFL Securities API). Compare pricing and rate limits on each broker's developer page.
Which is faster — ICICI Direct or IIFL Securities?
IIFL Securities 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
- ICICI Direct - official website - https://www.icicidirect.com
- ICICI Direct - official pricing - https://www.icicidirect.com/brokerage
- IIFL Securities - official website - https://www.iiflcapital.com
- IIFL Securities - official pricing - https://www.iiflcapital.com/brokerage-charges