ICICI Securities launches zero brokerage plan
ICICI Securities (I-Sec), one of India's largest brokerage house with 5 million customers, announced the launch of 'ICICIdirect Neo'- a zero brokerage plan.
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Hyderabad: ICICI Securities (I-Sec), one of India's largest brokerage house with 5 million customers, announced the launch of 'ICICIdirect Neo'- a zero brokerage plan. This plan is targeted at traders, offering unlimited trading with zero brokerage on all Futures trades and flat Rs 20 per order for Margin and Options trade. ICICIdirect Neo customers will get host of additional distinctive features like:
Instant liquidity: where customers get cash within 30 minutes of selling stocks as per their chosen plan.
Access to ICICIdirect's award winning research with over 300 companies under fundamental coverage.
Margin Trading Funding (MTF) at an interest rate of just 8.9 per cent per annum, as per chosen plan.
Vijay Chandok, MD & CEO, ICICI Securities says, "We remain agile to customer feedback and the launch of ICICIdirect Neo is in response to the feedback we received from our trading customers. This plan, with zero brokerage on all Futures trades, and a flat Rs.20 per order brokerage on Margin and Options trades, is tailor-made for them and will aid in their quest for maximizing profits." For plan details, please visit icicidirect.com.
