Cash Trading:This is conventional delivery based trading, which is done by the investors with the intention to take delivery of stocks (in case of buy) or money (in case of sell)
Margin Trading:This is intra day trading. ICICI Direct offers 3 -4 times margin on the available funds. Long buy/short selling is allowed with the margin money, but the positions need to be squared off within the same day settlement cycle. However, if you are doing intraday trading and not using margin money, you can convert the positions for delivery.
Margin Plus Trading:This is similar to Margin Trading. But the leverage you can take is 20 -25 times instead of 3-4 times.
CallNTrade:This facility is available in 11 cities as of now. You can call your relationship manager and request him to place orders on your behalf.
Disadvantages of ICICI Direct:
Advantages of ICICI Direct:
Brokerage Charges: 0.1% to 0.15% for margin trades, 0.4% to 0.8% for delivery trades.
I request readers to post your experiences of stock trading with ICICI Direct. Also please update this page with latest brokerage charges/ one time, anything related to trading on ICICI direct through comments.