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Side-by-Side Comparison Independent Updated Oct 18, 2026

Nordnet vs ICICI Direct 2026: Which Broker is Better?

Compare Nordnet and ICICI Direct side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.

Nordnet

ICICI Direct

Higher ratedNordnet logo

Nordnet

3.4/ 5
Visit Nordnet →Full review
VS
NordnetICICI Direct
BrokerRank Score3.4/5 ✓3.1/5
Min. Deposit$0$0
Spread from0 pips0 pips
Max Leverage1:51:5
RegulationFinansinspektionen, Finanstilsynet ✓SEBI
PlatformsProprietary Web, Proprietary MobileProprietary Web, Proprietary Mobile
Quick VerdictBrokerRank recommends
Best for Beginners
NordnetICICI Direct
Best for Low Fees
NordnetICICI Direct
Best for Regulation
NordnetICICI Direct
Best Overall
NordnetICICI Direct
Quick Answer

Nordnet is the better choice overall, scoring 3.4/5 vs 3.1/5 on BrokerRank's independent rating. On fees, Nordnet offers lower spreads (0 pips).

See full side-by-side comparison below

Nordnet vs ICICI Direct: Key Differences

Feature

Nordnet

Winner

ICICI Direct

Our Rating
3.4 / 5
3.1 / 5
Min. Deposit
$0
$0
Max Leverage
Spread From
0 pips
0 pips
Commission
None
$0.55/lot
Regulated By
FinansinspektionenFinanstilsynet
Platforms
Proprietary Web, Proprietary Mobile
Proprietary Web, Proprietary Mobile
Markets
Stocks, Etf, Cfd, Indices
Stocks, Indices, Commodities
Founded
1996
2000
Headquarters
Stockholm, Sweden
Mumbai, India
Score
2 / 2
0 / 2

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Fees Comparison

Fee

Nordnet

Lower fees

ICICI Direct

Spread From
0 pips
0 pips
Commission
None
$0.55/lot
Deposit Fee
None
None
Withdrawal Fee
None
None

BrokerRank Verdict

Nordnet scores 3.35/5 while ICICI Direct scores 3.15/5 in our independent rating.

Nordnet edges ahead overall, but ICICI Direct may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.

Who Should Choose Which?

Nordnet

Nordnet

3.4/5

Top pick

Choose Nordnet if you want…

  • Higher overall rating (3.4/5)
  • No per-trade commission
  • More regulatory licences (2)
  • More market types (4)
ICICI Direct

ICICI Direct

3.1/5

Choose ICICI Direct if you want…

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Frequently Asked Questions

1

Is Nordnet better than ICICI Direct?

Nordnet scores higher overall on our independent rating system. Nordnet holds a 3.4/5 rating vs ICICI Direct's 3.1/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.

2

Which has lower fees, Nordnet or ICICI Direct?

Nordnet offers spreads from 0 pips, while ICICI Direct starts at 0 pips. Check the fees section above for a full breakdown.

3

What is the minimum deposit for Nordnet vs ICICI Direct?

Nordnet requires a minimum deposit of $0. ICICI Direct requires $0.

4

Which broker is safer, Nordnet or ICICI Direct?

Nordnet is regulated by Finansinspektionen, Finanstilsynet, while ICICI Direct holds licences from SEBI.

5

What trading platforms do Nordnet and ICICI Direct support?

Nordnet supports Proprietary Web, Proprietary Mobile. ICICI Direct supports Proprietary Web, Proprietary Mobile.

6

Can I use both Nordnet and ICICI Direct?

Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.

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