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Monarch Networth Vs SAMCO: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Monarch Networth Max 0.03% to 0.30% per trade while the brokerage of SAMCO ranges between Rs 20. Monarch Networth is a Full Service Broker where SAMCO is a Discount Broker. Monarch Networth is having overall lower rating compare to SAMCO. Monarch Networth is rated only 3 out of 5 where SAMCO is rated 4 out of 5. Number of active customer for SAMCO is 90,174 where number of active customer for Monarch Networth is 58,113. SAMCO is serving more customer compare to Monarch Networth.

Here we present side-by-side comparison of Monarch Networth vs SAMCO share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Monarch Networth vs SAMCO's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Monarch Networth vs SAMCO share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Monarch Networth vs SAMCO's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Monarch Networth vs SAMCO on Service

  Monarch Networth Compare
Monarch Networth
SAMCO Compare
SAMCO
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 58,113 90,174
Broker Overview Free Demat Account opening, flexible brokerage plans, an array of online trading platforms, and free equity, commodity, & currency research make Monarch Networth a recommended broker in the list. Rs. 20/order ultra-low brokerage, Giga trading engine powered new-gen mobile App, Nest Trader Terminal, and unique leverage products make SAMCO one of the best discount brokers for traders. Also, get stock and mutual fund research on StockBasket and ...Know more about SAMCO
Broker Enquiry Request call back from Zerodha Request call back from SAMCO
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Account Opening Charges and AMC

Compare Monarch Networth vs SAMCO on Trading & Demat Account Opening Charges

Comparison of Monarch Networth with SAMCO on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Monarch Networth charges Rs 225 PA AMC for Demat account where SAMCO charges Rs 400 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Monarch Networth with SAMCO
Charges Monarch Networth SAMCO
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 225 PA Rs 400 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Monarch Networth vs SAMCO on Plan Options

Plans are the most important feature you look when compare Monarch Networth with SAMCO. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Monarch Networth with SAMCO on Plan Options
Plan Types Monarch Networth SAMCO
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha SAMCO
Account Opening Request
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Brokerage Charges

Compare Monarch Networth vs SAMCO on Brokerage Charges

Monarch Networth Brokerage Plan detail - This is a standard plan by Networth Direct. This is a % based brokerage plan that charges a fixed fee of 0.03% to 0.30%.

SAMCO Brokerage Plan detail - Trade in any segment in just Rs 20 per executable order, No size restriction,No Hidden charges.

Brokerage Charges - Compare Monarch Networth with SAMCO
Brokerage Charges Compare Monarch Networth SAMCO
Plan Name Basic Trading Plan (Percentage Based) Max Rs 20 Per Order Trading Plan
Equity Delivery 0.30% 0.5% or Rs 20 whichever is lower
Equity Intraday 0.03% 0.05% or Rs 20 whichever is lower
Equity Futures 0.03% Flat Fee Rs 20
Equity Options Rs 100 per lot Flat Fee Rs 20
Currency Futures 0.03% 0.05% or Rs 20 whichever is lower
Currency Options Rs 100 per lot 0.05% or Rs 20 whichever is lower
Commodity Trading Rs 100 per lot 0.05% or Rs 20 whichever is lower
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges NA Rs 20 per Executed order, with First 20 C&T are free
Auto Square off Charges NA Rs 20 per Executed order, with First 20 C&T are free
Brokerage Calculator Brokerage Calculator for Monarch Networth Brokerage Calculator for SAMCO
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Share Broker's Transaction Charges

Compare Monarch Networth vs SAMCO on Transaction Charges

Compare Monarch Networth with SAMCO on transaction charges and PCM fee by segment.

Transaction Charges - Compare Monarch Networth with SAMCO
Transaction Charges Compare Monarch Networth SAMCO
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for monarch-networth-capital Complete Brokerage Plans for samco
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Account Features

Compare Monarch Networth vs SAMCO on Account Features

Compare Monarch Networth with SAMCO on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Monarch Networth with SAMCO
Account Features Compare Monarch Networth SAMCO
3 in 1 Account No Monarch Networth have 2-in-1 account. Only Demate and Trading account. No Monarch Networth have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features Trading software terminal: Fast trade NIL
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Trading Platform

Compare Monarch Networth vs SAMCO on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Monarch Networth and SAMCO. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Monarch Networth with SAMCO
Trading Platform Compare Monarch Networth SAMCO
Desktop Trading Platform FastTrade SAMCO Trader
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.mnclgroup.com https://trade.samco.in/Samruddi/Login/indexauth.jsp
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App MNCL Mobile Trader StockNote
Mobile Trading App Demo Info Not Available StockNote Demo
Android Mobile App Yes Yes
Android App Download Andriod MNCL Mobile Trader Download Andriod StockNote Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS MNCL Mobile Trader Download iOS StockNote Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Info Not Available Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Monarch Networth Equity Intraday and Delivery Brokerage Calculator for SAMCO
Futures Brokerage Calculator Futures Brokerage Calculator for Monarch Networth Futures Brokerage Calculator for SAMCO
Options Brokerage Calculator Options Brokerage Calculator for Monarch Networth Options Brokerage Calculator for SAMCO
Detail Detail on Trading Platforms for monarch-networth-capital Detail on Trading Platforms for samco

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Broker Ratings by Users

Compare Monarch Networth vs SAMCO on User Rating

  Monarch Networth SAMCO
  12 Customer Reviews    Rate Monarch Networth 32 Customer Reviews    Rate SAMCO
Fees Ratings 2.8 3.7
Trading Brokerage Rating 3.0 4.6
Trading Platform Usability 3.3 4.0
Customer Service Ratings 3.2 4.0
Overall Ratings 3.3 4.1
Broker Rating Monarch Networth is Rated 3.3 / 5 based on 12 customer reviews SAMCO is Rated 4.1 / 5 based on 32 customer reviews
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Investment Offerings

Compare Monarch Networth vs SAMCO on Investment Offerings

Compare Monarch Networth with SAMCO on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Monarch Networth with SAMCO
Investment Offerings Compare Monarch Networth SAMCO
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment No No
PMS Service No No
Other Investment Options Health Plan, General Insurance NIL
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Order Types

Compare Monarch Networth vs SAMCO on Order Types

Order Type - Compare Monarch Networth with SAMCO on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - SAMCO provides Cover Orders (CO) where Monarch Networth doesn't offer,Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - SAMCO provides Bracket Orders (BO) where Monarch Networth doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Monarch Networth with SAMCO
Order Type Compare Monarch Networth SAMCO
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No No
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Customer Service Offered

Compare Monarch Networth vs SAMCO on Customer Service

Compare Monarch Networth with SAMCO on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Monarch Networth with SAMCO
Customer Service Compare Monarch Networth SAMCO
24/7 Customer Service Monarch Networth vs SAMCO - 24x7 customer support No No
Email Support Monarch Networth vs SAMCO - Email Support Yes Yes
Onine Live Chat Monarch Networth vs SAMCO - Onine Live Chat No No
Phone Support Monarch Networth vs SAMCO - Phone Support Yes Yes
Toll Free Number Monarch Networth vs SAMCO - Toll Free Number No Yes
Through Branches Monarch Networth vs SAMCO - Through Branches Yes No
Customer Care Number Monarch Networth vs SAMCO - Customer Care Number 022-43211800 /079-26666500 022-2222-7777/022-4503-0450
Account Opening Process Monarch Networth vs SAMCO - Account Opening Process Info Not Available Online/Paperless
Customer Support Email Monarch Networth vs SAMCO - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Monarch Networth vs SAMCO - Knowledge Center/Education Info Not Available https://www.samco.in/knowledge-center/
Head Office Address Monarch Networth vs SAMCO - Head Office Address/Corporate Address Info Not Available SAMCO Securities Limited
1004 - A, 10th Floor, Naman Midtown - A Wing,
Senapati Bapat Marg, Elphinstone Road,
Mumbai - 400 013, Maharashtra,
India.
Website Monarch Networth vs SAMCO - Company Website https://www.mnclgroup.com/ https://www.samco.in/
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Tips/Research/Reports Published

Compare Monarch Networth vs SAMCO on Research Reports, Tips

Compare Monarch Networth with SAMCO on research reports and tips provided by the broker.

Research Reports - Compare Monarch Networth with SAMCO
  Monarch Networth SAMCO
Research Mutual Funds Monarch Networth vs SAMCO - Research Mutual Funds No No
Research Equity Reports Monarch Networth vs SAMCO - Research Equity Reports No No
Research ETF Monarch Networth vs SAMCO - Research ETF No No
Daily Market Report Monarch Networth vs SAMCO - Daily Market Report Yes No
Free Tips Monarch Networth vs SAMCO - Free Tips Yes No
Quarterly Result Analysis Monarch Networth vs SAMCO - Quarterly Results Yes No
News Alerts Monarch Networth vs SAMCO - Yes No
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Demat Account

Compare Monarch Networth vs SAMCO on Demat Account

Compare Monarch Networth with SAMCO on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for SAMCO is ₹400 pa where for Monarch Networth is ₹500 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Monarch Networth is ₹25 or 0.025% (Whichever is higher) where for SAMCO is ₹10.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Monarch Networth with SAMCO
  Monarch Networth SAMCO
DP Source CDSL CDSL
DP ID Monarch Networth vs SAMCO - DP ID No 54200
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹400 pa
Advance Deposit NIL NIL
Statutory charges Nil Stamp Charges
Transaction Charges on Debit (Per ISIN) ₹25 or 0.025% (Whichever is higher) ₹10
Demat ₹5 per certificate (Min ₹40) + ₹45 courier charges ₹10 per certificate + ₹50 courier charges
Remat ₹10 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹45 courier charges CDSL charges + ₹50 courier charges
Pledge Creation ₹50 per transaction ₹25 per transaction
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹25 per transaction ₹25 per transaction
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹25 per transaction ₹25 per transaction
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Monarch Networth vs SAMCO on Special Offers and Promotion

Compare Monarch Networth with SAMCO on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Monarch Networth vs SAMCO on Special Offers and Promotion
  Monarch Networth SAMCO
Pay In and Pay Out Options Monarch Networth vs SAMCO - Pay In and Pay Out Options Info Not Available pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking/Payment Gateway from SAMCO trader or Back Office
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Monarch Networth vs SAMCO - Payout Time Info Not Available Max 24 hrs except bank holidays
Bank Supported and Charges Monarch Networth vs SAMCO - Bank Supported and Charges Info Not Available Around 24 banks allow instant credit facility(Payment Gateway) with charges of Rs 6 from Samco trading platform.
Bank Detail Info Not Available Samco Securities Limited,
Account Number: ZSAMCODDXXXX
Bank and Branch: Indusind Bank, Fort Branch, Mumbai
Account Type: Current Account
IFSC Code: INDB0000033
Likes
  • All-in-one broker for your trading and investing requirements.
  • Zero Demat account opening fees.
  • Multiple pricing plans for customers.
  • Trade on the mobile trader app and web platform.
  • Global investing platform to invest in the US stocks.
  • Free Research offerings; equity research, commodity & currency, stock ideas, etc.
  • Robust PAN-India presence.

Detail Review...

  • Trade and invest with SAMCO at flat Rs. 20/order brokerage.
  • Giga trading engine powered new-gen mobile app and trading tools.
  • Zero brokerage mutual fund investment.
  • Get upto 4x leverage/margin in the equity cash segment.
  • Get margin against your holdings on StockPlus.
  • SAMCO offers BTPT (Buy Today, Pay Tomorrow) facility.
  • Equity SIP: Set up a stock SIP on the Stock Note App.
  • Place advanced orders like bracket order, cover order, and after market order.
  • Place a GTT order on Stock Note app with lifetime validity.
  • Get 100% brokerage cashback for the 1st
  • Free stock market learning course for beginners.
  • Very low payment gateway charges of just Rs. 6 + GST.
  • Zero hidden charges.

Detail Review...

Dislikes
  • Primitive user interface of MNCL Mobile app that makes it difficult to use for beginners.
  • Does not offer NRI trading.
  • Does not provide a 3-in-1 trading account.
  • No Good till triggered (GTT) order facility.

Detail Review...

  • SAMCO does not provide direct mutual funds.
  • You cannot open a 3-in-1 account with SAMCO.
  • NRI cannot open SAMCO NRI Demat & Trading Account.
  • Delivery trading in SAMCO is not free.
  • No monthly trading plans.
  • High Demat maintenance charges of Rs. 400 per year.

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open SAMCO Account Now>>

Last Updated on 2023-08-27T23:54:07+00:00