ICICI Direct trading platform hit by technical glitch

Trading platform of India's fifth largest stock broker ICICI Direct was today hit by a technical glitch which might have impacted lakhs of traders across India.

In the morning, when the market opened traders could not log into the website as it displayed a periodic maintenance downtime message on both website and app.

Later on, the broker tweeted saying that the website will be available till 9:30 am. Eventually, the time was extended and it was only around 10:20 am that its web portal and app started working fine.





April month data shows that ICICI Securities reported a 0.9% month-on-month (MoM) increase in its client count to 1.9 million. With a market share of 4.5%, it is the fifth largest broker in India, after Upstox, Angel One, Groww and Zerodha.

In the last few months, traders, particularly those trading options, have been hit by technical glitches reported by discount broking platforms like Groww and Zerodha. However, ICICI Direct is a full-scale broking platform.

In 2023 alone, Zerodha admitted to at least 8 technical glitches with issues varying from those relating to login on Kite app, display of orders and positions as well as order placements.