ICICI Direct vs Karvy Stock Broking: licences compared

Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.

AttributeICICI DirectKarvy Stock Broking
Licence Score53Moderate—Not rated
Strongest licence 2 Tier 2 ? None on record
Licences on record10
2 SEBI India Licensed—
Founded20001983
HeadquartersIndiaIndia
TypeExchange-traded currency brokerExchange-traded currency broker
Publicly listedNSE:ICICISECNo
PlatformsProprietary—
Minimum depositNo minimum—
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Frequently asked questions

Is ICICI Direct or Karvy Stock Broking better regulated?

ICICI Direct has the higher Licence Score (53 vs 0), based on the number and tier of licences, operating history and public listing.

Which regulators license both ICICI Direct and Karvy Stock Broking?

They share no regulators in our database.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.