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ICICIDirect Vs Monarch Networth: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of ICICIDirect ranges between Rs. 20 while the brokerage of Monarch Networth ranges between 0.03% to 0.30%. Both the brokers are Full Service brokers. ICICIDirect is having overall higher rating compare to Monarch Networth. ICICIDirect is rated 4 out of 5 where Monarch Networth is rated only 3 out of 5. Number of active customer for ICICIDirect is 29,08,417 where number of active customer for Monarch Networth is 57,012. ICICIDirect is serving more customer compare to Monarch Networth.

Here we present side-by-side comparison of ICICIDirect vs Monarch Networth share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared ICICIDirect vs Monarch Networth'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 ICICIDirect vs Monarch Networth share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared ICICIDirect vs Monarch Networth'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 ICICIDirect vs Monarch Networth on Service

  ICICIDirect Compare
ICICIDirect
Monarch Networth Compare
Monarch Networth
Overall Rating Rated 4 stars Rated 3 stars
Brokerage Charges Rated 2.5 stars Rated 3 stars
Trading Platform Rated 4.5 stars Rated 3 stars
Investments Offering Rated 5 stars Rated 3.5 stars
Customer Service Rated 4 stars Rated 3 stars
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 29,08,417 57,012
Broker Overview ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec... Know more about ICICIDirect 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.
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Account Opening Charges and AMC

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

Comparison of ICICIDirect with Monarch Networth on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - ICICIDirect charges Rs 300 per annum AMC for Demat account where Monarch Networth charges Rs 225 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with Monarch Networth
Charges ICICIDirect Monarch Networth
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Rs 225 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs Monarch Networth on Plan Options

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

Compare ICICIDirect with Monarch Networth on Plan Options
Plan Types ICICIDirect Monarch Networth
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Brokerage Charges

Compare ICICIDirect vs Monarch Networth on Brokerage Charges

ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.

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%.

Brokerage Charges - Compare ICICIDirect with Monarch Networth
Brokerage Charges Compare ICICIDirect Monarch Networth
Plan Name NEO Flat Discount Brokerage Plan Basic Trading Plan (Percentage Based)
Equity Delivery 0.55% 0.30%
Equity Intraday Flat Rs. 20 per order 0.03%
Equity Futures Free (Rs. 0 brokerage) 0.03%
Equity Options Flat Rs. 20 per order Rs 100 per lot
Currency Futures Flat Rs. 20 per order 0.03%
Currency Options Flat Rs. 20 per order Rs 100 per lot
Commodity Trading Flat Rs. 20 per order Rs 100 per lot
Minimum Brokerage Rs 35 per trade NIL
Hidden Charges Yes Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges First 20 call free and Rs 25 there onwards. NA
Auto Square off Charges First 20 call free and Rs 25 there onwards. NA
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for Monarch Networth
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Share Broker's Transaction Charges

Compare ICICIDirect vs Monarch Networth on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with Monarch Networth
Transaction Charges Compare ICICIDirect Monarch Networth
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 190 Per Cr
Equity Options Rs 5000 Per Cr Rs 5000 Per Cr
Currency Futures Rs 100 Per Cr Rs 110 Per Cr
Currency Options Rs 4000 Per Cr Rs 4000 Per Cr
Commodity NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for monarch-networth-capital
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Account Features

Compare ICICIDirect vs Monarch Networth on Account Features

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

Compare ICICIDirect vs Monarch Networth on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and Monarch Networth. 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 ICICIDirect with Monarch Networth
Trading Platform Compare ICICIDirect Monarch Networth
Desktop Trading Platform Trade Racer FastTrade
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail https://www.icicidirect.com https://trade.mnclgroup.com
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile MNCL Mobile Trader
Mobile Trading App Demo ICICI direct Mobile Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod MNCL Mobile Trader Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS MNCL Mobile Trader Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for ICICIDirect Equity Intraday and Delivery Brokerage Calculator for Monarch Networth
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Monarch Networth
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Monarch Networth
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for monarch-networth-capital

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Broker Ratings by Users

Compare ICICIDirect vs Monarch Networth on User Rating

  ICICIDirect Monarch Networth
  266 Customer Reviews    Rate ICICIDirect 12 Customer Reviews    Rate Monarch Networth
Fees Ratings 2.4 2.8
Trading Brokerage Rating 1.8 3.0
Trading Platform Usability 3.3 3.3
Customer Service Ratings 2.8 3.2
Overall Ratings Rated 2.5 stars Rated 3.3 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 266 customer reviews Monarch Networth is Rated 3.3 / 5 based on 12 customer reviews
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Investment Offerings

Compare ICICIDirect vs Monarch Networth on Investment Offerings

Compare ICICIDirect with Monarch Networth 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 - Monarch Networth offers trading options in Commodity (MCX) where ICICIDirect doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - ICICIDirect provide PMS Service where Monarch Networth doesn't offer

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

Compare ICICIDirect vs Monarch Networth on Order Types

Order Type - Compare ICICIDirect with Monarch Networth 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) - ICICIDirect provide 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- ICICIDirect offers Good Till Cancelled (GTC) orders where Monarch Networth doesn't support Good Till Cancelled (GTC) orders.

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

Compare ICICIDirect vs Monarch Networth on Customer Service

Compare ICICIDirect with Monarch Networth 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 ICICIDirect with Monarch Networth
Customer Service Compare ICICIDirect Monarch Networth
24/7 Customer Service ICICIDirect vs Monarch Networth - 24x7 customer support No No
Email Support ICICIDirect vs Monarch Networth - Email Support Yes Yes
Onine Live Chat ICICIDirect vs Monarch Networth - Onine Live Chat No No
Phone Support ICICIDirect vs Monarch Networth - Phone Support Yes Yes
Toll Free Number ICICIDirect vs Monarch Networth - Toll Free Number No No
Through Branches ICICIDirect vs Monarch Networth - Through Branches Yes Yes
Customer Care Number ICICIDirect vs Monarch Networth - Customer Care Number 1860 123 1122 022-43211800 /079-26666500
Account Opening Process ICICIDirect vs Monarch Networth - Account Opening Process Online Info Not Available
Customer Support Email ICICIDirect vs Monarch Networth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs Monarch Networth - Knowledge Center/Education https://www.icicidirect.com/knowledge-center Info Not Available
Head Office Address ICICIDirect vs Monarch Networth - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai – 400020
Info Not Available
Website ICICIDirect vs Monarch Networth - Company Website https://www.icicidirect.com https://www.mnclgroup.com/
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Tips/Research/Reports Published

Compare ICICIDirect vs Monarch Networth on Research Reports, Tips

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

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

Compare ICICIDirect vs Monarch Networth on Demat Account

Compare ICICIDirect with Monarch Networth 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 Monarch Networth is ₹500 pa where for ICICIDirect is ₹700 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 ICICIDirect is 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) where for Monarch Networth is ₹25 or 0.025% (Whichever is higher).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 ICICIDirect with Monarch Networth
  ICICIDirect Monarch Networth
DP Source CDSL CDSL
DP ID ICICIDirect vs Monarch Networth - DP ID 14300 No
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹500 pa
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) ₹25 or 0.025% (Whichever is higher)
Demat ₹50 per set up ₹5 per certificate (Min ₹40) + ₹45 courier charges
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹10 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹45 courier charges
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) ₹50 per transaction
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) ₹25 per transaction
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) ₹25 per transaction
Failed Instruction Charges ₹30 per transaction Nil
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Monarch Networth on Special Offers and Promotion

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

Compare ICICIDirect vs Monarch Networth on Special Offers and Promotion
  ICICIDirect Monarch Networth
Pay In and Pay Out Options ICICIDirect vs Monarch Networth - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Info Not Available
Payout Time ICICIDirect vs Monarch Networth - Payout Time Instant to ICICI Bank. Info Not Available
Bank Supported and Charges ICICIDirect vs Monarch Networth - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Direct from your ICICI bank account. Info Not Available
Likes
  • 100% digital and paperless 3-in-1 account opening facility.
  • Trade on the BSE, NSE, MCX, and invest in other products.
  • Multiple brokerage plans for residents and NRI trading.
  • All kinds of trading platforms across web, app, and desktop versions.
  • Invest in mutual funds for free with ICICIdirect Money App.
  • Expert research calls and recommendations.
  • Sell stocks and get cash instantly with the e-ATM facility.
  • Advanced orders like bracket order, cover order, after market order, and basket order.
  • Place Valid Till Cancelled (VTC) order, valid for 45 days.
  • Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners.
  • Margin funding
  • Loans on securities.
  • Dedicated customer services.

Detail Review...

  • 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...

Dislikes
  • High brokerage charges.
  • The broker levies a minimum brokerage fee, which varies across brokerage plans.
  • NEO flat discount brokerage plan (Rs. 20) charges a one-time subscription fee of Rs. 299.
  • Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.

Detail Review...

  • 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...

Special Offers/Promo Get ICICI 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 2022-08-08T03:12:44+00:00