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Monarch Networth Vs AxisDirect: Which one is better?

Both the brokers are registered with SEBI. Monarch Networth offers investmenet in Equity, F&O, Currency and Commodities, where AxisDirect offers investment in Equity, F&O and Currency only. The brokerage of Monarch Networth ranges between 0.03% to 0.30% while the brokerage of AxisDirect ranges between 0.05% to 0.5%. Both the brokers are Full Service brokers. Monarch Networth is having overall lower rating compare to AxisDirect. Monarch Networth is rated only 3 out of 5 where AxisDirect is rated 3.5 out of 5. Number of active customer for AxisDirect is 3,57,390 where number of active customer for Monarch Networth is 58,113. AxisDirect is serving more customer compare to Monarch Networth.

Here we present side-by-side comparison of Monarch Networth vs AxisDirect 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 AxisDirect'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 AxisDirect 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 AxisDirect'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 AxisDirect on Service

  Monarch Networth Compare
Monarch Networth
AxisDirect Compare
AxisDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 58,113 3,57,390
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. Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis...Know more about AxisDirect
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

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

Comparison of Monarch Networth with AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - Monarch Networth offer Free account opening where AxisDirect charges Rs 999 for account opening. Demat AMC charges - Monarch Networth charges Rs 225 PA AMC for Demat account where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Monarch Networth with AxisDirect
Charges Monarch Networth AxisDirect
Trading Account Opening Fees Free Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 225 PA Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Monarch Networth vs AxisDirect on Plan Options

Plans are the most important feature you look when compare Monarch Networth with AxisDirect. This section compare on high level about type of plans offered by brokers. Multiple Plans - AxisDirect provides Multiple Plans where Monarch Networth doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

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

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Monarch Networth vs AxisDirect 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%.

AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.

Brokerage Charges - Compare Monarch Networth with AxisDirect
Brokerage Charges Compare Monarch Networth AxisDirect
Plan Name Basic Trading Plan (Percentage Based) Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery 0.30% 0.50% (Each leg)
Equity Intraday 0.03% 0.05% (Each leg)
Equity Futures 0.03% 0.05% (Each leg)
Equity Options Rs 100 per lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures 0.03% 0.05% (Each Leg)
Currency Options Rs 100 per lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading Rs 100 per lot Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available No
Funding Info Not Available Yes - 18% interest PA
Call & Trade Charges NA Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges NA 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for Monarch Networth Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare Monarch Networth vs AxisDirect on Transaction Charges

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

Transaction Charges - Compare Monarch Networth with AxisDirect
Transaction Charges Compare Monarch Networth AxisDirect
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
Brokerage Charges Complete Brokerage Plans for monarch-networth-capital Complete Brokerage Plans for axisdirect
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Account Features

Compare Monarch Networth vs AxisDirect on Account Features

Compare Monarch Networth with AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - AxisDirect offers 3-in-1 account where Monarch Networth offers only 2-in-1 account which includes trading and demat account. Algo Trading - Monarch Networth offers Algo Trading where AxisDirect doesn't offers Algo Trading. 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 AxisDirect
Account Features Compare Monarch Networth AxisDirect
3 in 1 Account No Monarch Networth have 2-in-1 account. Only Demate and Trading account. Yes, Monarch Networth have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 2:45 PM
NRI Trading Yes Yes
Other Features Trading software terminal: Fast trade NIL
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Trading Platform

Compare Monarch Networth vs AxisDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Monarch Networth and AxisDirect. 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 AxisDirect
Trading Platform Compare Monarch Networth AxisDirect
Desktop Trading Platform FastTrade Ring
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://login.axisdirect.in/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App MNCL Mobile Trader AxisDirect Ring Mobile App
Mobile Trading App Demo Info Not Available AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod MNCL Mobile Trader Download Andriod AxisDirect Ring Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS MNCL Mobile Trader Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Info Not Available Yes, DirectTrade - Rs 2999 PA
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Monarch Networth Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for Monarch Networth Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for Monarch Networth Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for monarch-networth-capital Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare Monarch Networth vs AxisDirect on User Rating

  Monarch Networth AxisDirect
  12 Customer Reviews    Rate Monarch Networth 6 Customer Reviews    Rate AxisDirect
Fees Ratings 2.8 2.5
Trading Brokerage Rating 3.0 2.0
Trading Platform Usability 3.3 3.2
Customer Service Ratings 3.2 2.7
Overall Ratings 3.3 2.3
Broker Rating Monarch Networth is Rated 3.3 / 5 based on 12 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare Monarch Networth vs AxisDirect on Investment Offerings

Compare Monarch Networth with AxisDirect 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 AxisDirect
Investment Offerings Compare Monarch Networth AxisDirect
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 Yes
ETF Yes Yes
Banking No Yes
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
PMS Service No No
Other Investment Options Health Plan, General Insurance NIL
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Order Types

Compare Monarch Networth vs AxisDirect on Order Types

Order Type - Compare Monarch Networth with AxisDirect 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) - AxisDirect 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) - Both broker don't have Bracket Orders (BO).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- AxisDirect offers Good Till Cancelled (GTC) orders where Monarch Networth doesn't support Good Till Cancelled (GTC) orders.

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

Compare Monarch Networth vs AxisDirect on Customer Service

Compare Monarch Networth with AxisDirect 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 AxisDirect
Customer Service Compare Monarch Networth AxisDirect
24/7 Customer Service Monarch Networth vs AxisDirect - 24x7 customer support No No
Email Support Monarch Networth vs AxisDirect - Email Support Yes Yes
Onine Live Chat Monarch Networth vs AxisDirect - Onine Live Chat No Yes
Phone Support Monarch Networth vs AxisDirect - Phone Support Yes Yes
Toll Free Number Monarch Networth vs AxisDirect - Toll Free Number No Yes
Through Branches Monarch Networth vs AxisDirect - Through Branches Yes Yes
Customer Care Number Monarch Networth vs AxisDirect - Customer Care Number 022-43211800 /079-26666500 022-61480808
Account Opening Process Monarch Networth vs AxisDirect - Account Opening Process Info Not Available Online
Customer Support Email Monarch Networth vs AxisDirect - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Monarch Networth vs AxisDirect - Knowledge Center/Education Info Not Available https://simplehai.axisdirect.in/learn/overview
Head Office Address Monarch Networth vs AxisDirect - Head Office Address/Corporate Address Info Not Available Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website Monarch Networth vs AxisDirect - Company Website https://www.mnclgroup.com/ https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare Monarch Networth vs AxisDirect on Research Reports, Tips

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

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

Compare Monarch Networth vs AxisDirect on Demat Account

Compare Monarch Networth with AxisDirect 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 AxisDirect is ₹500 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 AxisDirect 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 AxisDirect
  Monarch Networth AxisDirect
DP Source CDSL CDSL
DP ID Monarch Networth vs AxisDirect - DP ID No 49200
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹500 pa
Advance Deposit NIL Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹25 or 0.025% (Whichever is higher) ₹10
Demat ₹5 per certificate (Min ₹40) + ₹45 courier charges ₹3 per certificate
Remat ₹10 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹45 courier charges ₹10 for every hundred securities (Min ₹10)
Pledge Creation ₹50 per transaction ₹25
Pledge Creation Confirmation Nil ₹25
Pledge Closure ₹25 per transaction ₹25
Pledge Closure Confirmation Nil ₹25
Pledge Invocation ₹25 per transaction Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Monarch Networth vs AxisDirect on Special Offers and Promotion

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

Compare Monarch Networth vs AxisDirect on Special Offers and Promotion
  Monarch Networth AxisDirect
Pay In and Pay Out Options Monarch Networth vs AxisDirect - Pay In and Pay Out Options Info Not Available Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Monarch Networth vs AxisDirect - Payout Time Info Not Available Instant to Axis Bank.
Bank Supported and Charges Monarch Networth vs AxisDirect - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Direct from your Axis bank account.
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...

  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

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...

  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

Detail Review...

Special Offers/Promo Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

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