ICICI Securities (I-Sec), one of India’s largest brokerage house with ~5 million customers, today announced the launch of ‘ICICIdirect Neo’ – a path breaking zero brokerage plan.
This is one-of-its-kind plan targeted at traders, offering unlimited trading with zero brokerage on all Futures trades and flat Rs. 20 per order for Margin and Options trades.
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.
Also, the customers will get access to ICICIdirect’s award winning research with over 300 companies under fundamental coverage, One-Click Portfolios, Proprietary and third party trading tools to get the best out of any market situations, and Margin Trading Funding (MTF) at an interest rate of just 8.9% per annum, as per chosen plan.