Global Investment Platform offered by ICICI Securities is in collaboration with our partner broker Interactive Brokers (IBKR) which is a registered broker with SEC and FINRA.

ISEC is just acting as a referral partner to a global platform wherein the account opened is with IBKR.

The customer gets access to invest in six major global markets: US, UK, Germany, Japan, Singapore & Hong Kong where he can invest in listed securities. In order to register for a global account, follow the steps given below -

a. Login to ICICI Direct 3-in-1/2-in-1 account and click on ‘Get Started’

b. Subscribe to a plan of your choice

Click on link https://www.icicidirect.com/mailimages/non_us_commissioncharges.pdf to know the pricing for other markets.

c. Fill your online Global Investment account opening form

d. If you’re not CKYC compliant, you will be asked to upload latest copy of your PAN card and address proof

e. Once your details are verified, you can add funds into your account and start investing

Note: Once the application is submitted, our partner broker will review the application and activate the account in 2-3 working days. In case if your account opening application is under enhanced due diligence, yout might receive an email to provide & submit the required documents.

Complete video on ICICI Direct Global Invest Account is available here.

Clients can currently invest in six major global markets: US, UK, Germany, Japan, Singapore & Hong Kong.

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.

Generally, it takes T+1 working days for the transferred amount to reflect in your account.

To facilitate a seamless money transfer, please include the below information while initiating the 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.

The funds from ICICI Direct Global Account can be withdrawn to any bank account. To withdraw funds, click on ‘Withdraw Funds’ option available on ICICI Direct 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 the email.

Note: Once you submit the above information, money gets credited to  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 steps mentioned below:

Step 1: For a first time user, please reset your password. 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’.

A Complete guide on withdraw funds is available here.

Yes, Investors can own slices of tech giants such as Amazon, Facebook and Alphabet with fractional investing in US markets.

Please note: Only 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.

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.

The client can transfer US stocks once the ICICI Direct Global Invest Account is Active.

To initiate the transfer, you need to share the following details with us at globalinvest@icicidirect.com :

a) Your ICICI Direct 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 the country from where the asset/stock will be transferred

d) ISIN of the asset/stock to be transferred OR a copy of the holding statement

Once we receive the details, we will share the next steps for transferring your holdings from our partner broker.

This option will be enabled once your trial period of 2 months is over.

Once this option is available, follow these steps:

Login to ‘ICICI Direct’ → 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.

SWIFT/BIC Code: CHASUS33XXX

Bank Account Title & Addresss:

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.

(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.

To cancel/deactivate your Global Invest Account, simply follow the steps given below:

1. Login to ICICI Direct account
2. Click ‘Global Invest’ option on the top
3. Scroll down and click ‘Account Settings’ button
4. Select ‘Deactivate Account’ button
5. 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 ICICI Direct Global Invest account will continue to be active.

Yes, deactivation request can be cancelled before the request is processed.

To cancel de-activation request,

1. Click ‘Account Settings’
2. Click on ‘Deactivation Request’
3.  Click on ‘View Existing Request’
4. Click on ‘Delete’ request.

The existing de-activation request will be cancelled and the account will remain active with the current plan.

Currently, we are not allowing re-activation of accounts. Once deactivated, we will not be able to reactivate the account.

If you wish to re-activate your account later, the better way is to update your subscription plan to zero subscription fee so that you can trade in the future.

Generally, both deposits and withdrawals are processed within 1-4 business days.

No, there is no custody fee applicable on your account as of today.

*For Indian corporates if they fall under any one of the conditions mentioned below-

• Based in GIFT City
• Publicly Listed
• Approved by Reserve Bank of India (RBI) to place trades in international markets
• Has existing assets held abroad and does not require RBI approval

As of now, you can invest in six major global markets: US, UK, Germany, Japan, Singapore & Hong Kong.

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.

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 investments in global markets.

Interactive Brokers LLC is the broker that executes and clears your trades, ICICI Securities is an introducing broker to Interactive Brokers.

When you go to the global market page i.e. the client portal, you will be able to download your statement, which will show you all the current holdings and a complete history of  all your past transactions. 

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.

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.

No, Margin trading or leverage of any kind is not allowed for Indian residents under RBI regulations for global investments. All transactions are on cash-only basis.

The settlement cycle is T+1 for US equities and ETF’s & T+2 for other markets.

No, at present US IPOs are not available for investment to Indian residents. 

No, direct fund transfers from your ICICI Direct account to your Global Invest Account are not allowed.

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.

Yes, we provide a market scanner tool which allows you to view and filter top gainers, top losers, most active stocks and several other market indicators based on your preference.

To use it:

Click on the Menu icon > select ‘Scanners’ > Select ‘Market Scanner’

The portfolio analyst is an advanced analysis tool for experienced. It allows you to:

• Consolidate, track and analyse your complete financial performance.
• Compare your portfolios performance against benchmarks,
• Access detailed performance & attribution reports,
• Add external accounts fromother brokers fora consolidated view of your overall portfolio performance.

Please check the status of the pending orders under the ‘Orders and Trades’ tab once you have logged in to the ICICI Direct Global portal.

To create or manage watchlists in your ICICI Direct Gloabal Invest Account:

• Log in to your account
• Click on the ‘watchlist’ widget.
• Select the blue arrow icon on the top right corner of the widget 
• A new watchlist panel will open, allowing you to add, remove or track stocks of your choice in real time

Customer can email the request to globalinvest@icicidirect.com and we will arrange to get the required MIC from our partner broker.

Yes, to qualify for an ICICI Direct Global Invest Account, your net worth and liquid net worth must be greater than USD 5,000.

For individuals residing in India and investing in Foreign Securities taxation on capital gains will be as per Income Tax Act.

The provisions of the US Tax laws and those of the Double Taxation Avoidance Agreement (DTAA) will determine  how your income derived from global investments is taxed.

As per the DTAA:

• Capital gains are taxable as per the domestic law;
• Dividend is taxable @ 25%; and
• Interest is taxable @15%

Disclaimer:

The above views are shared basis of our understanding of current laws and regulations.These rules and regulations are subject to change from time to time and these may have bearing on the views shared above.

It is recommended for the client to consult his/her tax advisors before acting on our views shared above.

In order to download holding statement from ICICI Direct Global Invest Account.

Login to ICICIdirect.com >> Global Invest >> Invest Now >> you will be redirected to global Invest Account homepage>> Go to Performance & Reports >> Statement >> Run Activity Statement >>Select the time range >> Download as PDF.

Tax statements- Form 1042S and Dividend statements if any, are available under Tax documents section of Performance & reports.

We do not have a list of stocks, ETFs which can be traded or not traded by clients of ICICI Direct.

You can trade multiple ETFs through your IBKR account. To find specific NASDAQ-listed ETFs, client can follow these steps:

1. Visit our Contract Search tool (contract.ibkr.info)
2. Use the Products and Exchange Search feature on our website to view all products sorted by asset class, region, and exchange

Please Note:Currently at IBKR, Indian residents are restricted from trading

derivative products such as Options and Futures in the overseas market. They are only allowed to trade Stocks (long only), Vanilla ETFs, Bonds, Mutual Funds, and non-leveraged Forex

(currency conversion).

Additionally, they are prohibited from margin or leveraged activities or foreign exchange

transactions.

Following restrictions apply to Global trading account for Indian residents at IBKR:

*  No Margin facility (Pure cash account).

*  No trading allowed in leveraged instruments (CLPs, Leveraged Forex, Crypto ETFs) or margin products (Futures, Options, etc).

Useful Links:

Contract Search Tool - https://contract.ibkr.info

Products and Exchange Search - https://www1.interactivebrokers.com/en/index.php?f=46390

Indian Residents Trading Overseas: https://www.interactivebrokers.co.in/en/accounts/individual-account-india.php?p=overseas

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 Banks

You get free access to U.S unconsolidated real time market data. This allows you to track U.S stock movements and prices without any additional cost.

Go to the ICICI Direct Global client portal and follow these steps:

• Login to your ICICI Direct Global Invest Account
• Click on the menu icon on the top left corner
• Select reports and then select statements.
• Choose your statement download method (PDF / Excel / HTML)
• Select the date range (Daily, custom date range, annually, etc.) and download the statement

In the unfortunate event of customer’s demise, the immediate family member of the ICICI Direct account holder should notify Interactive Broker (IBKR) regarding the deceased account via email to

estateprocessing@interactivebrokers.com

At that time, general information will be taken and the executor will be provided with information on how to proceed.

Once IBKR has been notified of the death of an individual account holder, the account will be classified as a deceased account and any activity (e.g., trading, transfers) is generally prohibited until legal authority is established.

The documents required to establish legal authority can differ depending on the type of account the account holder has at his or her death (e.g., single, joint) and the country of legal residency. These documents will include a death certificate and often other official documents. 

Note: Please note ISEC or any other person is not allowed to write email on behalf of the customer to estate processing team of IBKR, only the immediate family member is required to send an email.