How to withdraw funds from your ICICIdirect Global account?
The funds from ICICIdirect Global Account can be withdrawn to any bank account. To withdraw funds, click on ‘Withdraw Funds’ option available on ICICIdirect Global Invest Page.
1. Transfer to linked Bank Account
To withdraw funds to linked Bank Account- Enter the amount to be withdrawn and confirm the request. After confirmation, he/she will receive an email from ICICI Bank (remitassist@icicibank.com) to submit a duly filed ANNEXURE E. Kindly fill and submit this to your bank either through email OR Internet Banking portal once you receive an email communication.
Note: Once you submit the above information, money is usually available in your linked ICICI bank account in 3-4 working days.
2. Transfer to Other Account
To withdraw funds to your Non ICICI Bank Account, please follow the below steps:
OR
If existing ICICI Bank Account is delinked and facing “Resource Not Available” error on placing withdrawal request, please follow below steps:
Step 1: For a first time user, please reset your password. Click on register/forgot password link and enter the ICICIdirect Global Invest Account User id and DOB in mm/dd/yyyy format and generate new password or move to Step 3, if you have already done this
Step 2: Click the 'Invest Now' button once password has been reset
Step 3: Click 'Transfer and Pay' → 'Transfer Funds' → 'Make a Withdrawal' on your client portal
Step 4: Enter the bank details and place a withdrawal request. You will be asked to enter your password for security purposes
To check the status of withdrawal click on ‘View Previous Requests’.
Complete guide on withdraw funds is available here.
How to open ICICIdirect Global Investment Account?
For opening ICICIdirect Global Invest Account you need to be existing ICICIdirect customer.
• Login to your ICICIdirect 3in1/2in1 account
• Subscribe to a plan of your choice
• Fill your online Global Investment account opening form1
• If you’re not CKYC compliant, you will be asked to upload latest copy of your PAN card and address proof
• Once your details are verified, you can add funds into your account and start investing2
1You need to disable your popup blocker to access the online account opening form
Your account is usually opened within 1-3 working days, and you will receive an email confirmation once it is opened.
2Once your form has been submitted, you may be required to submit additional details as part of the enhanced due diligence done by our Partner Broker. To this effect, you may receive an email from newaccounts@interactivebrokers.com/globalinvest@icicisecurities.com seeking more information or any clarification. In such cases, it may take more time for opening your account.
Complete video on ICICIdirect Global Invest Account is available here.
I need to invest in global stocks. Which markets are available for investment?
Clients can currently invest in six major global markets: US, UK, Germany, Japan, Singapore & Hong Kong.
How to place an order on ICICIdirect Global Investment?
From the Global Investment page, users can click on the ‘Invest Now’ button to access their client portal. They can place a trade by clicking on the ‘Trade’ button on the top right corner of the client portal screen.
Complete video on how to place an order is available here.
I have transferred money to Interactive Brokers today. When will it get reflected in that account? / How much time will it take to deposit the transferred amount in ICICIdirect Global Investment?
Generally, it takes T+1 working day to reflect the money which has been transferred from your bank account.
To facilitate a seamless money transfer, please include the below information while initiating the payment from your payment:
<Interactive Brokers Account number (starting with ‘U’)> <Client Name at Interactive Brokers account> e.g. If your account number is U1234567 and Name is John Doe, then add the text: U1234567 John Doe.
Once this is complete, you can also raise a deposit notification by following the steps in this PDF.
Can I buy fractional shares in ICICIdirect Global Invest Account?
Yes, Investors can own slices of tech giants such as Amazon, Facebook and Alphabet with fractional investing in US markets.
Please note: U.S. stocks listed on NYSE, AMEX, NASDAQ, ARCA, or BATS with average daily volume above $10 million and market cap above $400 million are available for fractional shares trading. Non-U.S. stocks are not available for fractional shares trading at this time.
How to buy fractional shares in ICICIdirect Global Invest Account?
a) Login to ICICIdirect account and click on Global invest tab.
b) Now click on Trade button which will reveal an order ticket with several input fields.
c) Search the stock wish to buy and select it.
d) Select the USD option and specify exact dollar amount. The dollar amount results in decimal quantity of a share and will result in purchase of fractional shares.
Note: Fractional buying is only available in the US market for select stocks. Click here to check the list of stocks that can be traded in fractional shares.
How to transfer stocks from other broker to ICICIdirect Global Invest Account?
The process of asset transfer to ICICIdirect Global Invest Account depends on below details.
a) Provide ICICIdirect Global Invest Account Number which starts with ‘UXXXXXX’, if any
b) Name of the broker and how will they transfer asset/stock (type of transfer- ACATS, DRS, FOP US, DWAC)
c) The name of country from where the asset/stock will be transferred
d) Share the ISIN of the asset/stock to be transferred OR the holding statement
Send the above details on globalinvest@icicidirect.com to check the transfer process from our partner broker.
How to upgrade/downgrade existing subscription plan for ICICIdirect Global invest?
This option will be enabled once your trial period of 2 months is over. Once this option is available, please login to ‘ICICIdirect’ → click on ‘Global Invest’ option on the top → scroll down and click on ‘Update Subscription’ → Select the new subscription plan → click continue and confirm the revised plan.
Note: The revised downgraded plan will be effective at the time of renewal once the current plan expires and the revised upgraded plan will be effective within 1 working day.
What is the brokerage code and SWIFT/BIC number of ICICIdirect Global Invest Account?
Please find below details to fund ICICIdirect Global Account in USD.
Bank details:
JPMORGAN CHASE BANK, N.A.
383 Madison Avenue
New York 10179
United States
ABA Routing Number: 021000021
SWIFT/BIC Code: CHASUS33XXX
Bank Account Title & Address:
Interactive Brokers LLC
One Pickwick Plaza
Greenwich, Connecticut 06830
United States
Bank Account Number: 633736902
Note: Please enter your unique Interactive Brokers Account number (starting with ‘U’) followed by your Name as mentioned in Interactive Brokers account.
How to transfer money from ICICI savings account/ IDFC savings account/ Other Bank account to ICICIdirect Global investment account? / How to add funds from any Bank account to ICICIdirect Global investment?
(I) Residents: The ICICIdirect Global Account can be funded from any bank account. The client is requested to follow 2 steps
Step 1: Click ‘Fund Your Account’ option available on Global Investment page
Step 2: Create Deposit Notification, for which a step by step guide is available here.
The funds can be transferred from ICICI/IDFC/Other Bank.
1. Transfer Funds from ICICI Bank
Online Mode: This will redirect to ICICI Internet banking portal for online remittance
Offline Mode: Update the details and download pre-filled LRS form and submit it to your nearest Forex enabled ICICI Bank branch.
Compete guide on online fund transfer from ICICI Bank account is available here.
2. Transfer Funds from IDFC Bank
Online Mode: This will redirect to IDFC Internet Banking portal
Offline Mode: Update the details and download pre-filled LRS form and submit it to your nearest Forex enabled IDFC Bank branch.
Compete guide on online fund transfer from IDFC Bank account is available here.
3. Transfer Funds from Other Bank
Online Mode: This will provide beneficiary details for you to initiate online fund transfer from other banks.
Offline Mode: Update the details and download a sample pre-filled LRS form to fill an LRS form in any other bank.
Compete guide on fund transfer and deposit notification is available here.
(II) Non- Residents: The ICICIdirect Global Account can be funded from any bank account. The client is requested to follow 2 steps:
Step 1: Click ‘Fund Your Account’ option available on Global Investment page.
Step 2: Create Deposit Notification, for which a step by step guide is available here.
The funds can be transferred from ICICI/IDFC/Other Bank.
1. Transfer funds from ICICI NRE/NRO/FCNR account
Online Mode: Steps to transfer funds from ICICI NRE/NRO/FCNR account.
• Login to ICICI Bank Internet Banking
• Click on ‘Funds Transfer’ option under ‘Payments & Transfer’
• Select ‘Overseas account using Money2World’
• Select ‘Repatriation from NRE/NRO/FCNR via Wire Transfer’
• Click on ‘Add receiver’ and add below beneficiary details and save.
Bank details:
JPMORGAN CHASE BANK, N.A.
383 Madison Avenue
New York 10179
United States
ABA Routing Number: 021000021
SWIFT/BIC Code: CHASUS33XXX
Bank Account Title & Address:
Interactive Brokers LLC
One Pickwick Plaza
Greenwich, Connecticut 06830
United States
Bank Account Number: 633736902
• Once the beneficiary has been added, on the Money2world page, select ‘Choose Currencies for Transfer’ and then select ‘Transfer Money’.
• Select the currency ‘USD’ and enter the amount to be transferred in USD.
• Enter the Grid details from your Debit card and the OTP received on your mobile number to confirm the transaction.
Compete guide on online fund transfer from ICICI Bank account is available here.
Offline Mode: You may walk into any ICICI Bank Branch and initiate the outward remittance by filling up a simple request letter specifying the necessary details.
Note: From an NRO account, you can remit up to USD 1million in a financial year, while there is no limit when remitting from clients NRE account.
2. Transfer Funds from IDFC Bank
Online Mode: This will redirect to IDFC Internet Banking portal
Offline Mode: Update the details and download pre-filled LRS form and submit it to your nearest Forex enabled IDFC Bank branch.
Compete guide on online fund transfer from IDFC Bank account is available here.
3. Transfer Funds from Other Bank
Online Mode: This will provide beneficiary details for you to initiate online fund transfer from other banks.
Offline Mode: Update the details and download a sample pre-filled LRS form to fill an LRS form in any other bank.
Compete guide on fund transfer and deposit notification is available here.
I need to close/cancel the ICICIdirect Global Invest Account. What is the process?
To close ICICIdirect global invest account, login to ‘ICICIdirect account’ click ‘Global Invest’ option on the top scroll down and click ‘Account Settings’ button click ‘Deactivate Account’ button ‘Confirm Deactivation’ request.
Once the deactivation request is received, the client’s account will be moved to a free plan within the next 7-10 days.
Note: Please liquidate all your investments and withdraw any cash balances within 7 days of such request. Failing to do so will cancel the request and ICICIdirect Global Invest account will continue to be active.
Can I cancel existing de-activation request?
Yes, de-activation request can be cancelled before the request is processed.
To cancel de-activation request, click ‘Account Settings’ click on ‘Deactivation Request’ click on ‘View Existing Request’ click on ‘Delete’ request.
The existing de-activation request will be cancelled and the account will remain active with the current plan.
I had de-activated my ICICIdirect Global Invest Account, how to re-activate it?
Currently, we are not allowing re-activation of accounts. Once de-activated, we will not be able to re-activate the account.
If you wish to re-active your account later, the better way is to update your subscription plan to zero subscription fee so that you can trade in the future.
How to download statements from ICICIdirect Global Invest Accounts?
To download statements from ICICIdirect Global Invest Account, login to ‘ICICIdirect account’ * click ‘Global Invest’ option on the top * click on ‘Invest Now’ * page will redirect to client portal * on home screen Select ‘Performance & Reports’ * Select ‘Statements’ * ‘Run Activity Statement’ * ‘Select the time range’ * and ‘Download as PDF’.
What is the process of ICICIdirect Global Invest Account transfer in case the person holding the account is deceased?
The immediate family member is required to notify our partner Broker regarding a deceased account via email TO: estateprocessing@interactivebrokers.com & CC: to globalinvest@icicisecurities.com
General information will be taken by the team and they will further guide on how to proceed.
Note: Once, the account is classified as a deceased account any activity (e.g., trading, transfers) is prohibited until legal authority is established.
How to add Trading permissions in ICICIdirect Global Invest Account?
To add trading permission in ICICIdirect Global account, login to ‘ICICIdirect account’ * click ‘Global Invest’ option on the top * click on ‘Invest Now’ * page will redirect to client portal * click ‘Individual icon’ on top right corner of home page * Go to ‘Settings’ & select ‘Account Settings’ * click on ‘Trading Permission’ * Select ‘Trading Experience & permission’ * Select ‘Stocks’ * click Add/Edit and add all markets available or required to be added.
Note: Trading permissions once added will take 1 working day to reflect in your account.
Who all can invest in global markets through ICICIdirect Global?
This facility is currently available for Resident, Corporates and NRIs.
How can one transfer money to invest out of India?
ICICI Securities gets you a seamless way to transfer money through your ICICI Bank account under Liberalized Remittance Scheme (LRS) guidelines. To transfer, simply visit link available on Global Investment page after your ICICI Direct Global account is opened. Current limit for this online transfer is US$ 25,000. For amount exceeding this you may reach out to your ICICI Securities relationship manager.
Which international exchanges can I invest in?
As of now, you can invest in six major global markets: US, UK, Germany, Japan, Singapore & Hong Kong.
Is there any minimum investment or balance required?
There is no minimum investment or balance required although we do recommend you fund your account to the extent required as there is no margin funding possibility on global markets as per RBI’s regulations.
How much can an individual invest in global markets from India?
Foreign investments fall under RBI guidelines for remittance which is called Liberalized Remittance Scheme (LRS). As per current LRS limits, an individual can remit abroad up to USD 250,000 every year. This full amount can be utilized for investment in global markets.
Who is the executing and clearing broker?
Interactive Brokers LLC is the broker that executes and clears your trades, ICICI Securities is an introducing broker to Interactive Brokers.
Interactive Brokers is a US based brokerage firm with USD 8.1 billion in equity capital as of June 2020. The company is listed on the NASDAQ. As of June 2020, Interactive Brokers has over USD 203 billion in client equity.
How can I verify ownership of the shares?
When you go to the ICICIdirect global Invest account i.e., the client portal, you will be able to download your statement which will show you the holdings currently on the account as well as all transactions done in the past.
Do I get access to any research reports?
Yes, you get free access to research reports by Zacks and Reuters stock reports plus. In addition, you get free access to Reuters Fundamental data and Reuters news on the trading platform.
Where is my investing account held? Who holds my shares? Who is the custodian of my account?
Your investing account is opened with our partner platform Interactive Brokers LLC - regulated by FINRA and SEC in US. Interactive Brokers is also the executing and clearing broker as well as a global custodian.
Will I be able to use my margins to buy these shares?
Margin trading or any sort of leverage is not permissible per RBI regulations on global markets for Indian residents.
What is the timeframe for settlement?
Settlement cycle is T+3 for US equities and ETF’s.
Can I also invest in IPOs in these exchanges?
US IPO’s are currently not supported for Indian residents.
Is my ICICI Direct and ICICI Direct Global account cross marginable? Can I move money between the two accounts?
No, this is not possible at this moment.
What happens if Interactive Brokers goes bankrupt? How am I protected? Is there any Insurance protection?
Indian residents can only open a cash account, no leverage, no margin trading is permitted at all. Client-owned, fully-paid securities are protected in accounts at depositories and custodians that are specifically identified for the exclusive benefit of clients. IBKR reconciles positions in securities owned by clients daily to ensure that these securities have been received at the depositories and custodians. In addition, every customer is protected by the Securities and Investment Protection Council Insurance (SIPC insurance) by up to USD 500,000 split as USD 250,000 in cash and USD 250,000 in stocks.
Can I scan the market for top gainers / losers and more?
Yes, we provide a market scanner which allows you to scan the market to see top gainers, top losers, most active and many more types of filters. Click the menu once you are in the ICICI Direct Global Account and select scanners and then market scanner.
What is the portfolio analyst?
The portfolio analyst is an advanced investment analysis tool for sophisticated investors which allows you to consolidate, track and analyze your complete financial performance. You can look at benchmark comparisons of your portfolio’s performance, performance attribution reports, performance of your account and more. You can also add external accounts to your portfolio analyst tool for accounts held at other brokers to look at a consolidated view of your overall portfolio and its performance.
