ICICIDirect Stock Trading, Demat, Brokerage and Reviews 2018
4 stars based on
It offers you a unique 3-in-1 feature, which integrates your Brokerage, Bank and one or more Demat accounts. This means that you can buy and sell shares and forget about the hassles of settlements. Online investing is just a click away and settlements is no longer a problem. What is the 3-IN-1 concept? You can choose the branch closest to you to open your bank account.
Can I have multiple Demat Accounts linked to e-invest account? Yes, you can link multiple Demat accounts to your e-Invest accounts with a maximum of 5 accounts. Can I have multiple Bank accounts linked to my e-invest account? No, as of now you can only link one Bank account to your e-Invest account.
To avail of the advantage offered by the integration of the brokerage, Bank and the Demat account, all the three accounts will have to be opened with ICICI group. Who is eligible for this service?
How do I request a form? You can request our representative to visit you Select Cities Only by registering online through our website. I have sent in my application, what happens next? Your application will be processed and you will be informed once your application is accepted and all the required accounts are set up. In case your application is not processed because of lack of some details, you will be contacted by our representative or by mail.
How do I know my application has been accepted? As soon as your application is accepted, we will inform you by e-mail and mail. In case, you login and your application has been accepted, you will be prompted to change your password. Do I have to maintain any minimum balance in my Bank Account? Accounts opened after 31st Dec need to maintain a quarterly minimum balance of Rs.
Yes, you just need to tell us the account details and trade brokerage charges in icici demat account shall link up your existing accounts with ICICIdirect e-Invest account for online investing. You can link up only an existing Bank account or only one or more Demat account s or both the existing Bank trade brokerage charges in icici demat account and Demat Account s. What type of Bank Account can I use with my e-invest account? You can specify the account in the form and it will be linked with your e-Invest account.
How frequently will I be able to know the status of my accounts? The status of your Bank, Demat and e-Invest account shall be available to you completely online 24 hours a day through the Internet. You trade brokerage charges in icici demat account be able to access all details regarding your orders and trades on the website.
You will be able to see the results of your trade reflected in your Bank and Demat account on the very day of the settlement, without waiting for the statements from the DP and the Bank. The Bank account opened with your e-Invest account is an Infinity Bank account. Infinity service can be accessed on the website www. Apart from allowing you to access your transaction history and current balance, Infinity allows you to transfer money from one account to another and also make online bill payments in Mumbai.
If you have opted for a new online bank account of have opted to link up your existing saving account which was not registered with Infinityyour Logon ID and Password will be mailed to you separately. I am a new customer and have just been informed that my ICICIdirect e-invest account has been set up.
How do I make my first trade? Please check our comprehensive section on Trading Guide. I want to buy some shares. I do not have any money in my Bank Account. What do I do? In case of a cheque, trade brokerage charges in icici demat account money should come into your Bank account as soon as the cheque is cleared.
Once you have funds in your bank account, you need to allocate the required amount for trading. Alternatively you can sell some shares from your Demat Account in the Cash Segment and use the money to purchase the shares you want to buy. The amount of money required before placing a buy order or a margin sell order would depend on the value of the order. I have deposited a cheque but I am still not able to place a purchase order: There could be two reasons for this either the cheque is not cleared or you do not have adequate Trading Limit.
Please check your Bank balance to find if you have adequate money in your Bank account. It is possible that there could be some delays in clearance of the cheque. Even if you have adequate money in your Bank account you will get limit only after you allocate some money for trading or investment.
Can I withdraw the amount allocated for trading? The way you can allocate funds for trading, you can always reduce the amount allocated by you for trading to the extent that the amount allocated has not been blocked on account of orders placed by you.
Once any amount is deallocated, it can be withdrawn from the bank. Can I borrow or get a line of credit against my Demat Account? Currently, we are not offering this service. But, we trade brokerage charges in icici demat account evaluating ways to add to our product range.
We would appreciate if you could give us feedback on the facility you want. On which exchanges will I be able to buy and sell shares? What kind trade brokerage charges in icici demat account orders can I place? You can place both market and limit orders. Limit Order is an order to buy or sell securities in which you specify the maximum price per unit in case of a Buy order and the minimum price per unit in case of a Sell order.
The actual transaction can be at a price more favourable than the price specified. Market Orders in NSE: This is an order to buy or sell securities at the best price obtainable in the market at trade brokerage charges in icici demat account time it is matched by the exchange. Therefore, chances of its getting executed are better.
In case of market orders for NSE, all market orders placed which are not executed become limit orders at the last traded price. Where a market order is not executed fully, it becomes a limit order for the balance quantity at the last traded price. Market Orders in BSE: Explanation Market orders can be placed only during market hours i.
Which shares will I be able to buy and sell? You will be able to buy and sell all shares in trade brokerage charges in icici demat account Cash Trade brokerage charges in icici demat account that are traded in the compulsory dematerialised form on the exchanges. As of date, there are more than such shares. More and more shares are being added to this category every month by the regulatory authorities.
Of these shares, you may place orders for select shares in the Margin Segment. Do I get online confirmation of orders and trades? Yes, you get online confirmation of orders and trades - the status of any order is updated on real-time basis in the Order Book. As soon as you place your trade brokerage charges in icici demat account they are validated by the system and sent to the exchange for execution. The entire process is fully automatic and there are no manual interventions.
Is it possible that an order is accepted by the exchange but a trade does not trade brokerage charges in icici demat account place against it? Is an order always executed for the full quantity? Is it always executed at one price? In case of a limit order, it might remain totally unexecuted if there are no matching orders. For example, if you trade brokerage charges in icici demat account a sell order for shares Rs.
It might remain totally unexecuted if there are no buy orders for the share for a price of Rs. Further, an order can get executed for any quantity less than or equal to the order quantity. On part execution, the original order is converted into an order for the balance quantity against which another trade can happen. Since these are different trades, it is possible that the trades are executed at different price.
In case of market orders placed on NSE, even a market order might remain unexecuted if there are no trade brokerage charges in icici demat account orders. In such cases, the unexecuted portion of the market order is converted into a limit order at the last traded price for the balance quantity. For example, when the last traded price of a share was Rs.
In case there are no or insufficient orders for buying shares, the unexecuted market order is converted automatically into a limit order to buy sell shares at a price of Rs. In case the order was partly executed and the last execution took place at Rs. In case of market orders placed on BSE, all buy market orders go to the Exchange with the price of the best offer and all sell market orders go to the exchange with the price of the best bid offer.
In case at that point of time it is found that that particular bid or offer is no longer present in the exchange this market order gets cancelled by the exchange. In case of part execution of market order, the remainder order gets converted into a limit order at the last executed price. Can I modify my order? Yes, you can modify an order any time before execution.
You can trade brokerage charges in icici demat account this by accessing the Order Book page and clicking on the hyperlink for 'Modify' against the order which you wish to modify. However, you cannot modify your order while it is queued with the exchange, i.
In case the order is already partly executed, only the unexecuted portion of the order can be modified. Can I cancel my order into the system?