The brokerage of Monarch Networth ranges between .005 to .3% while the brokerage of IIFL Securities ranges between .025 to .25%. Both the brokers are Full Service brokers. Monarch Networth is having overall lower rating compare to IIFL Securities. Monarch Networth is rated only 3 out of 5 where IIFL Securities is rated 4 out of 5.
Here we present side-by-side comparison of Monarch Networth vs IIFL Securities 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 IIFL Securities'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 IIFL Securities 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 IIFL Securities's on
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.
|Broker Type||Full Service Broker||Full Service Broker|
|Exchanges Supported||BSE, NSE, MCX-SX. NCDEX||NSE, BSE, MCX, NCDEX|
|Broker Overview||Monarch Networth Capital, an exponentially growing firm is backed by strong support, chain of sub brokers and branches, research team and network of experts.||IIFL Securities is one of the best brokers in terms of its Z20 flat discount brokerage plan, IIFL Markets Mobile app, best research & advisory, complete investment solution, and personalized Portfolio Management Service.|
Comparison of Monarch Networth with IIFL Securities on trading & demat account opening charges and AMC. Trading account opening charges - Monarch Networth charges Rs 149 for account opening where IIFL Securities charges Rs 250 (Rs 0, Promotion offer) for account opening. Demat AMC charges - Monarch Networth charges Rs 400 PA AMC for Demat account where IIFL Securities charges Rs 450 PA (Waived for 1st year) AMC for Demat account.
|Charges||Monarch Networth||IIFL Securities|
|Trading Account Opening Fees||Rs 149||Rs 250 (Rs 0, Promotion offer)|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 400 PA||Rs 450 PA (Waived for 1st year)|
|Provide DP Service|
Plans are the most important feature you look when compare Monarch Networth with IIFL Securities. 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.
|Plan Types||Monarch Networth||IIFL Securities|
|Monarch Networth||IIFL Securities|
|Account Opening Request|
Monarch Networth Brokerage Plan detail - This is a standard plan by Networth Direct.This is % based brokerage plan.Brokerage is between .005% to .3%, which is .05 paisa to 30 paisa.
IIFL Securities Brokerage Plan detail - IIFL Z20 flat discount brokerage plan offers Free delivery trading and charges a maximum of Rs. 20 per order brokerage across segments.
|Brokerage Charges Compare||Monarch Networth||IIFL Securities|
|Plan Name||Basic Trading Plan (Percentage Based)||IIFL Z20 Brokerage Plan|
|Equity Delivery||0.3% or 30 paisa||Free|
|Equity Intraday||0.03% or 3 paisa||Rs. 20/- per executed order or 0.05% whichever is|
|Equity Futures||0.03% or 3 paisa||Rs. 20/- per executed order or 0.05% whichever is|
|Equity Options||Rs 50 Per Lot||Flat Rs 20 per executed order|
|Currency Futures||0.03% or 3 paisa||Rs. 20/- per executed order or 0.05% whichever is|
|Currency Options||Rs 50 Per Lot||Rs. 20/- per executed order or 0.05% whichever is|
|Commodity Trading||0.03% or 3 paisa||Rs. 20/- per executed order or 0.05% whichever is|
|Hidden Charges||Info Not Available||Info Not Available|
|Funding||Info Not Available||Yes - 18% interest PA|
|Call & Trade Charges||Info Not Available||Rs 50 Per Call + GST|
|Brokerage Calculator||Brokerage Calculator for Monarch Networth||Brokerage Calculator for IIFL Securities|
|SPAN Margin Calculator||SPAN Margin Calculator for Monarch Networth||SPAN Margin Calculator for IIFL Securities|
Compare Monarch Networth with IIFL Securities on transaction charges and PCM fee by segment.
|Transaction Charges Compare||Monarch Networth||IIFL Securities|
|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 110 Per Cr||Rs 110 Per Cr|
|Currency Options||Rs 4000 Per Cr||Rs 4000 Per Cr|
|Commodity||Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr||Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr|
|Brokerage Charges||Complete Brokerage Plans for monarch-networth-capital||Complete Brokerage Plans for iifl-securities|
Compare Monarch Networth with IIFL Securities 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 - Monarch Networth offers Algo Trading where IIFL Securities 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 Compare||Monarch Networth||IIFL Securities|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:15PM||3:15PM|
|Other Features||Trading software terminal: Fast trade||NIL|
With our expert research team, we have compared all the major features of Trading platform b/w Monarch Networth and IIFL Securities. 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||IIFL Securities|
|Desktop Trading Platform||FastTrade||IIFL Trader terminal|
|Desktop Demo||Info Not Available||Desktop Demo|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://trade.mnclgroup.com||https://ttweb.indiainfoline.com|
|Web Trading Demo||Info Not Available||Info Not Available|
|Mobile Trading App||MNCL Mobile Trader||IIFL Markets|
|Mobile Trading App Demo||Info Not Available||IIFL Markets Demo|
|Android Mobile App|
|Android App Download||Andriod MNCL Mobile Trader Download||Andriod IIFL Markets Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS MNCL Mobile Trader Download||iOS IIFL Markets Download|
|Android Tablet App|
|iPad App (IOS)|
|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 IIFL Securities|
|Futures Brokerage Calculator||Futures Brokerage Calculator for Monarch Networth||Futures Brokerage Calculator for IIFL Securities|
|Options Brokerage Calculator||Options Brokerage Calculator for Monarch Networth||Options Brokerage Calculator for IIFL Securities|
|Detail||Detail on Trading Platforms for monarch-networth-capital||Detail on Trading Platforms for iifl-securities|
|Monarch Networth||IIFL Securities|
|12 Customer Reviews||81 Customer Reviews|
|Trading Brokerage Rating|
|Trading Platform Usability|
|Customer Service Ratings|
|Broker Rating||Monarch Networth is Rated 3.3 / 5 based on 12 customer reviews||IIFL Securities is Rated 2.8 / 5 based on 81 customer reviews|
Compare Monarch Networth with IIFL Securities 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) - IIFL Securities provides PMS Service where Monarch Networth doesn't offer
|Investment Offerings Compare||Monarch Networth||IIFL Securities|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||Health Plan, General Insurance||NIL|
Order Type - Compare Monarch Networth with IIFL Securities 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) - IIFL Securities 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- IIFL Securities offers Good Till Cancelled (GTC) orders where Monarch Networth doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||Monarch Networth||IIFL Securities|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Compare Monarch Networth with IIFL Securities on Exposure/Margin offered by the broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.
|Margin Product Compare||Monarch Networth||IIFL Securities|
|Equity Delivery Margin||Info Not Available||Upto 5x|
|Equity Intraday Margin||Up to 10x or 10% subject to Var and ELM.||Up to 20x on MIS, Bracket order, (BO) and cover order (CO)|
|Futures Margin||1x means actual SPAN + Exposure.||Intraday: Upto 4x| BO/CO: 25% of Exchange margin + SL Margin|
|Options Margin||1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.||Stock options: 2x (sell), 1x (Buy)| Index Options Buy: 3x (intraday)| BO/CO: 25% of Exchange margin + SL Margin| Index options sell: 4x (intraday)| BO/CO: 25% of Exchange margin + SL Margin|
|Equity CO Margin||Up to 10x or 10% subject to Var and ELM, no additioanl margin for Cover Order.||Up to 20x|
|Futures CO Margin||1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order.||1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order.|
|Options CO Margin||1x means actual SPAN + Exposure margin(Sell) or Premium Margin(Buy), No additional Margin for Options Cover Order.||1x means actual SPAN + Exposure margin(Sell) or Premium Margin(Buy), No additional Margin for Options Cover Order.|
|Commodity Margin||1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.||1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.|
Compare Monarch Networth with IIFL Securities 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 Service Compare||Monarch Networth||IIFL Securities|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||Info Not Available||022-40071000|
|Account Opening Process||Info Not Available||Online/Paperless|
|Customer Support Email||Info Not Available||[email protected]|
|Knowledge Center/Education||Info Not Available||https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx|
|Head Office Address||Info Not Available||IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
|Website||Info Not Available||https://www.indiainfoline.com/|
Compare Monarch Networth with IIFL Securities on research reports and tips provided by the broker.
|Monarch Networth||IIFL Securities|
|Research Mutual Funds|
|Research Equity Reports|
|Daily Market Report|
|Quarterly Result Analysis|
Compare Monarch Networth with IIFL Securities on Demat Service and Charges. This section covers about demat charges, demat service and other details
|Monarch Networth||IIFL Securities|
|Demat Account Annual Maintenance Charges(AMC)||₹400 pa or Zero AMC with ₹2500 refundable deposit||₹400 pa|
|Transaction Charges on Debit (Per ISIN)||₹12 + CDSL charges||0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges)|
|Demat||₹5 per certificate (Min ₹40) + ₹45 courier charges||₹15 per certificate + ₹40 courier charges|
|Remat||₹10 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹45 courier charges||₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges|
|Pledge Creation||₹50 per transaction||₹50|
|Pledge Creation Confirmation||Nil||Nil|
|Pledge Closure||₹25 per transaction||Nil|
|Pledge Closure Confirmation||Nil||Nil|
|Pledge Invocation||₹25 per transaction||Nil|
|Failed Instruction Charges||Nil||Nil|
Compare Monarch Networth with IIFL Securities on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|Monarch Networth||IIFL Securities|
|Pay In and Pay Out Options||Info Not Available||Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only
|Payout Time||Info Not Available||Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999.|
|Bank Supported and Charges||Info Not Available||Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms.|
|Bank Detail||Info Not Available||India Infoline Ltd
SMS Service, Efficient Grievance Handling, free call and trade, tips and recommendations based on quality research, multiple trading products available,free Call & Trade.
Mobile app based trading not available, investment tools missing
|Special Offers/Promo||Open IIFL Demat & Trading Account Free - Zero A/c Opening Charge & 1st year AMC waived off.|
|Enquiry||Enquire about Monarch Networth||Enquire about IIFL Securities|
Last Updated on 2019-07-11T23:31:39+00:00