ICICI Direct Franchise vs Zerodha Franchise – Compare Business Models, Revenue Sharing and more

Find 1st of its kind Comparison of ICICI Direct Franchise vs Zerodha Franchise. In this comparison, you will find a detailed view of all the features of respecting sub broker franchise brands.

ICICI Direct Franchise vs Zerodha Franchise

ICICI Direct & Zerodha are both Broking houses & provides sub brokership to their partners. Both of them have varied Business Models which we will discuss here.

In this comparison, we will dig deep into all the aspects of both broking franchise brands. The major aspects that we will discuss are:

  • Overview
  • Customer Ratings
  • Business Models
  • Security Deposit or Initial Investment
  • Revenue Sharing or Commission
  • Infrastructure Requirement
  • Offers
  • Support
  • Brokerage Charges to Clients
  • Other Charges & Margin to Clients

With this detailed comparison we will have clear understanding of which Sub Brokership is better: ICICI Direct Sub Broker Program or Zerodha Sub Broker Program.

Start this amazing comparison between ICICI Direct Sub Broker & Zerodha Sub Broker:

ICICI Direct Franchise vs Zerodha Franchise – An Overview

OverviewICICI Direct FranchiseZerodha Franchise
Company TypePublicPrivate
Broker typeFull Service BrokerDiscount Broker
HeadquartersMumbai, IndiaBangalore, India
FounderM K SharmaNithin Kamath
Established Year19942010
SB Code Activation Time14 Days3 Days
Payout Time30 Days45 Days

Customer Ratings of ICICI Direct Sub Broker & Zerodha Sub Broker

Customer RatingsICICI Direct FranchiseZerodha Franchise
Experience3.50 / 52.50 / 5
Services4.00 / 52.60 / 5
Products4.00 / 54.00 / 5
Trading Platforms3.60 / 54.10 / 5
Support3.50 / 52.50 / 5
Revenue Sharing Model3.00 / 52.00 / 5
Security Deposit2.50 / 54.50 / 5
Offers2.50 / 54.00 / 5
Market Share2.50 / 52.00 / 5
Overll Ratings3.23 / 53.13 / 5
Star Ratings★★★☆☆★★★☆☆

Compare Business Models of ICICI Direct Franchise & Zerodha Franchise

Business ModelsICICI Direct FranchiseZerodha Franchise
Master FranchiseSS
Sub BrokerRS
Referral ProgramSR

ICICI Direct Franchise vs Zerodha Franchise Security Deposit Comparison

Security DepositICICI Direct FranchiseZerodha Franchise
Master FranchiseNANA
Sub Broker75000 – 200000NA
Remisier25000 – 10000011000
Referral ProgramNA1500

Zerodha Franchise vs ICICI Direct Franchise Revenue Sharing Comparison

Revenue SharingICICI Direct FranchiseZerodha Franchise
Master FranchiseNANA
Sub Broker50% – 75%NA
Remisier30% – 75%10% – 30%
Referral ProgramNA0.1

Zerodha Sub Broker vs ICICI Direct Sub Broker Infra Requirement

Infrastructure RequirementICICI Direct FranchiseZerodha Franchise
Office AreaMinimum 300 Sq FtR
Employee StrengthMinimum 5R
Research ServicesRS
Internet ConnectionRS
Trading TerminalsRR
Telephone LinesRS

Compare ICICI Direct Partner & Zerodha Partner Offers

OffersICICI Direct FranchiseZerodha Franchise
Zero DepositSS
10k Initial DepositSR
Flexible Revenue SharingRR
Flat Revenue SharingSS
Zero Revenue Sharing with PrepaidSS

Zerodha Authorised Person vs ICICI Direct Authorised Person Support

SupportICICI Direct FranchiseZerodha Franchise
Marketing SupportRS
Back-Office SupportRR
Trading SupportRS
Advisory SupportRS
Dealing TrainingSS
Acquisition TrainingSS
Product TrainingRR

Compare ICICI Direct Franchise & Zerodha Franchise

Brokerage Charges to ClientsICICI Direct FranchiseZerodha Franchise
Equity Delivery0.55%Zero
Equity Intraday0.03% – 0.05%Rs.20 per Trade
Equity Futures0.03% – 0.05%Rs.20 per Trade
Equity OptionsRs.35 – Rs.95 per LotRs.20 per Lot
Currency Futures0.03% – 0.05%Rs.20 per Trade
Currency OptionsRs.10 – Rs.35 per LotRs.20 per Lot
CommodityNARs.20 per Trade

ICICI Direct Partners & Zerodha Partners Charges Comparison

Charges to ClientsICICI Direct FranchiseZerodha Franchise
Demat AMCRs.500 per AnnumRs.300 per Annum
Trading AMCRs.975 per AnnumZero
Account Opening ChargesZeroRs.300
Transaction Charges0.002800%0.00325%
Margin MoneyMinimum Rs.20,000Zero


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ICICI Direct Franchise vs Zerodha Franchise




Products & Services


Revenue Sharing Model




Market Share