ICICI direct is a Full-Service Stockbroker hence it charges high brokerage for Equity Intraday as well as Delivery trades. One will have to pay 0.25% to 0.75% of the total value of the order while buying as well as while selling the stocks in the case of a BTST (Buy Today Sell Tomorrow) trade.
ICICI Direct-
ICICI Direct is a Retail Investment service provider under ICICI Securities. ICICI Direct is a bank-based Stockbroker.
Brokerage for BTST-
For BTST (Buy Today Sell Tomorrow) ICICI Direct charges the brokerage rates which is applicable for Equity delivery or for CNC (Cash And carry) orders. ICICI Direct has many plans and the brokerage rates are different for each one of them.
The brokerage for CNC orders is 0.55% of the total value in the I-Secure Plan. It is 0.25% to 0.75% in the I-Saver plan based on the deposit. ICICI direct also charges brokerage while selling the stocks as well. So if the Brokerage is 0.55% while buying, then the same rate of brokerage will is charged while selling the stocks.
As ICICI Direct falls under the Full-Service Broker category the brokerage for CNC orders is high compared to Discount Brokers, where most of them do not charge any Brokerage for CNC or delivery orders.