Broker comparison

Fyers vs ICICI Direct (2026): Brokerage, API, AMC & Execution Compared

Q: Fyers vs ICICI Direct: which has lower delivery brokerage?

At our last review, Fyers published delivery brokerage as "₹0 (free)" and ICICI Direct as "Plan-based - see official brokerage page (flat ₹20 plans available)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Q: Does Fyers or ICICI Direct have a trading API?

Both have documented APIs at review time: Fyers (Fyers API), ICICI Direct (Breeze API). Compare pricing and rate limits on each broker's developer page.

Q: Which is faster — Fyers or ICICI Direct?

Fyers publishes p99 < 7 ms (processing, self-reported). ICICI Direct has no verifiable execution-speed figure we could cite.

Q: 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.

Side-by-side comparison of Fyers and ICICI Direct from published official pricing and features — no affiliation with either broker.

By the Indian Broker Test editorial desk · Published 8 July 2026 · Data last reviewed 9 July 2026 · Independent

Fyers vs ICICI Direct — published pricing and features (official sources at last review)
Metric	Fyers	ICICI Direct
Delivery brokerage	₹0 (free)	Plan-based - see official brokerage page (flat ₹20 plans available)
Intraday brokerage	₹20 or 0.03% per order (whichever is lower)	Plan-based - flat ₹20 per order on current flat-fee plans
F&O brokerage	₹20 per order (flat)	Plan-based - flat ₹20 per order on current flat-fee plans
AMC	₹0 (zero AMC)	₹700 per year (₹300 for iVALUE subscribers)
Account opening	Free (₹0 account opening)	₹0 (free); 3-in-1 account with ICICI Bank
Trading API	Fyers API — Free (per official API page)	Breeze API — See official Breeze API page
Reported execution speed	p99 < 7 ms (processing, self-reported)self-reported	Not Disclosed
Algo support	Yes - free API; TradingView-based platform	Yes - via Breeze API
Platforms	Fyers app, Fyers Web, TradingView charts	ICICI Direct web, ICICI Direct Markets app, Trade Racer
Best for (published)	Chart-driven and algorithmic traders who live in TradingView.	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.

What the published data shows

Fyers publishes free equity delivery; ICICI Direct does not (per official pricing at review). Fyers publishes an execution-speed figure; ICICI Direct does not on verifiable sources.

Tools & profiles

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Frequently asked questions

Fyers vs ICICI Direct: which has lower delivery brokerage?

At our last review, Fyers published delivery brokerage as "₹0 (free)" and ICICI Direct as "Plan-based - see official brokerage page (flat ₹20 plans available)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.

Does Fyers or ICICI Direct have a trading API?

Both have documented APIs at review time: Fyers (Fyers API), ICICI Direct (Breeze API). Compare pricing and rate limits on each broker's developer page.

Which is faster — Fyers or ICICI Direct?

Fyers publishes p99 < 7 ms (processing, self-reported). ICICI Direct has no verifiable execution-speed figure we could cite.

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

Fyers - official website - https://fyers.in
Fyers - official pricing - https://fyers.in/pricing/
ICICI Direct - official website - https://www.icicidirect.com
ICICI Direct - official pricing - https://www.icicidirect.com/brokerage