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.
- 3 – 0Cheaper on example trades (Angel One – ICICI Direct)
- 6 – 4Published features (of 9)
| Metric | Angel One | ICICI Direct |
|---|---|---|
| Delivery brokerage | ₹20 or 0.1% per order (whichever is lower), minimum ₹5 | 0.29% per order on the default MoneySaver plan (lower on prepaid Prime plans) |
| Intraday brokerage | ₹20 or 0.1% per order (whichever is lower), minimum ₹5 | 0.029% per order on MoneySaver; ₹20 per order with an iValue subscription |
| F&O brokerage | ₹20 per order (flat) | MoneySaver: futures 0.029%, options ₹49 per lot; ₹20 per order with iValue |
| 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 — Free (per official Breeze 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.
Cost face-off: what real trades cost
| Trade | Angel One | ICICI Direct | Cheaper |
|---|---|---|---|
| Intraday: ₹1 lakh buy & sell | ₹82.97 | ₹104.55 | Angel One (saves ₹21.58) |
| Delivery: ₹50,000 buy & sell | ₹178.98 | ₹491.09 | Angel One (saves ₹312.11) |
| Options: premium ₹100 × 75 | ₹66.43 | Not modelled | - |
| Futures: ₹24,000 × 75 | ₹1,067.15 | ₹2,253.16 | Angel One (saves ₹1,186.01) |
Illustrative quantities. Try your own trade in the compare-all brokerage calculator.
Feature check
| Feature | Angel One | ICICI Direct |
|---|---|---|
| Free delivery | – | – |
| Zero AMC | – | – |
| Free API | ✓ | ✓ |
| TradingView | – | – |
| MCX commodity | ✓ | ✓ |
| Mutual funds | ✓ | ✓ |
| IPO | ✓ | – |
| Research desk | ✓ | ✓ |
| Published speed | ✓ | – |
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
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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), minimum ₹5" and ICICI Direct as "0.29% per order on the default MoneySaver plan (lower on prepaid Prime plans)". 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.
Is Angel One cheaper than ICICI Direct?
On our four example trades (intraday, delivery, options and futures), Angel One is cheaper on 3, ICICI Direct on 0, and 0 are tied, with the rest not modelled from published pricing. Statutory charges are identical, so any difference comes from brokerage.
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