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 70,369 where number of active customer for Monarch Networth is 55,152. 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
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||Discount Broker|
|Exchanges Supported||BSE, NSE, MCX, NCDEX||BSE, NSE, MCX, NCDEX|
|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, free Giga engine powered StockNote App & Web trading platform and unique leverage products make SAMCO one of the best discount brokers for traders. Also, get stock and mutual fund research on StockBasket and Rank...|
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 AMC for Demat account.
|Trading Account Opening Fees||Free||Free|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 225 PA||Rs 400 PA|
|Provide DP Service|
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.
|Plan Types||Monarch Networth||SAMCO|
|Account Opening Request|
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||SAMCO|
|Plan Name||Basic Trading Plan (Percentage Based)||Max Rs 20 Per Order Trading Plan|
|Equity Delivery||0.30%||0.2% or Rs 20 whichever is lower|
|Equity Intraday||0.03%||0.02% or Rs 20 whichever is lower|
|Equity Futures||0.03%||0.02% or Rs 20 whichever is lower|
|Equity Options||Rs 100 per lot||Flat Fee Rs 20|
|Currency Futures||0.03%||0.02% or Rs 20 whichever is lower|
|Currency Options||Rs 100 per lot||Flat Fee Rs 20|
|Commodity Trading||Rs 100 per lot||Flat Fee Rs 20|
|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|
Compare Monarch Networth with SAMCO on transaction charges and PCM fee by segment.
|Transaction Charges Compare||Monarch Networth||SAMCO|
|Equity Delivery||Rs 335 Per Cr||Rs 335 Per Cr|
|Equity Intraday||Rs 335 Per Cr||Rs 335 Per Cr|
|Equity Futures||Rs 200 Per Cr||Rs 200 Per Cr|
|Equity Options||Rs 5050 Per Cr||Rs 5050 Per Cr|
|Currency Futures||Rs 90 Per Cr||Rs 90 Per Cr|
|Currency Options||Rs 3500 Per Cr||Rs 3500 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|
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 Compare||Monarch Networth||SAMCO|
|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 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||SAMCO|
|Desktop Trading Platform||FastTrade||SAMCO Trader|
|Desktop Demo||Info Not Available||Desktop Demo|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|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 Trading App||MNCL Mobile Trader||StockNote|
|Mobile Trading App Demo||Info Not Available||StockNote Demo|
|Android Mobile App|
|Android App Download||Andriod MNCL Mobile Trader Download||Andriod StockNote Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS MNCL Mobile Trader Download||iOS StockNote 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 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|
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||SAMCO|
|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 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 Type Compare||Monarch Networth||SAMCO|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
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 Service Compare||Monarch Networth||SAMCO|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||022-43211800 /079-26666500||022-2222-7777/022-4503-0450|
|Account Opening Process||Info Not Available||Online/Paperless|
|Customer Support Email||[email protected]||[email protected]|
|Knowledge Center/Education||Info Not Available||https://www.samco.in/knowledge-center/|
|Head Office Address||Info Not Available||SAMCO Securities Limited
1004 - A, 10th Floor, Naman Midtown - A Wing,
Senapati Bapat Marg, Elphinstone Road,
Mumbai - 400 013, Maharashtra,
Compare Monarch Networth with SAMCO on research reports and tips provided by the broker.
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 Account Annual Maintenance Charges(AMC)||₹500 pa||₹400 pa|
|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|
Compare Monarch Networth with SAMCO on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|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||Info Not Available||Max 24 hrs except bank holidays|
|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 (StockNote/SAMCO Star).|
|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
|Enquiry||Open Zerodha Account Now>>||Open SAMCO Account Now>>|
Last Updated on 2023-05-08T04:26:21+00:00
Free Eq Delivery & MF
Flat ₹20 Per Trade
Free Equity Delivery
Flat ₹20 Per Trade in F&O
Free Account Opening
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade
Free Demat Account
Full-service @ Flat Rate
Flat ₹10 Per Trade
Free Delivery for Lifetime
Flat ₹15 Per Trade in F&O
FREE Account Opening
Trade at Flat ₹20 per Trade
Free Eq Delivery Trades
Flat ₹20 Per Trade in F&O
Flat ₹20 Per Trade
Most Popular Commodity Broker