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ICICI Direct vs Monarch Networth Capital – Compare Brokerage Charges, Demat A/C & more

Last Updated Date - Oct 14, 2022

Here is a detailed comparison of ICICI Direct vs Monarch Networth Capital. ICICI Direct is one of the few banking broker which is listed in the stock exchange while Monarch Networth Capital is a full service broker which provides great deal of offers to its customers. This comparison between ICICI Direct & Monarch Networth Capital is a neck to neck affair.

Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for all the stock broking companies. This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.

ICICI Direct vs Monarch Networth Capital

In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

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This ICICI Direct &  Monarch Networth Capital comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s Compare  Monarch Networth CapitalICICI Direct

Overview of ICICI Direct & Monarch Networth Capital

Overview ICICI Direct Monarch Networth Capital
Company Type Public Public
Broker Type Full Service Broker Full Service Broker
Headquarters Mumbai, India Mumbai, India
Founder Vjay Chandok Vaibhav Shah
Established Year 1994 1993

ICICI Direct vs Monarch Networth Capital Customer Ratings Comparison

Customer Ratings ICICI Direct Monarch Networth Capital
Experience 8.8 / 10 6.2/10
Products & Services 8.4 / 10 6.0/10
Brokerage Charges & Fees 8.5 / 10 5.9/10
Stock Research & Advisory 7.9 / 10 6.2/10
Trading Platforms 8.6 / 10 6.3/10
Overall Ratings 8.44 / 10 6.1/10
Star Ratings ★★★★☆ ★★★☆☆
Total Client Reviews 4026 328

ICICI Direct vs Monarch Networth Capital Demat Account Comparison

Demat Services ICICI Direct Monarch Networth Capital
Depository Source NSDL & CDSL CDSL
Account Opening Charges Zero Rs 0 (Free)
Demat AMC Charges Rs 300 (from 2nd year) Rs 225
Trading AMC Charges Rs 0 (Free) Free
Margin Money 75% Margin 75% Margin
Offline to Online S R

Monarch Networth Capital vs ICICI Direct Brokerage Charges Comparison

Brokerage Charge & Fees ICICI Direct Monarch Networth Capital
Equity Delivery Trading 0.55% 0.30%
Equity Intraday Trading Rs 20 per order 0.03%
Commodity Options Trading Rs 20 per order Rs 100 per lot
Equity Futures Trading Rs 0 (Free) 0.03%
Equity Options Trading Rs 20 per order Rs 100 per lot
Currency Futures Trading Rs 20 per order 0.03%
Currency Options Trading Rs 20 per order Rs 100 per lot
Minimum Brokerage Rs.20 per Trade Percentage of Transaction
Demat AMC Charges Rs.300 per Annum from 2nd year Rs.225
Trading AMC Charges Zero Free
Margin Money 75% Margin 75% Margin
Brokerage Calculator ICICI Direct Brokerage Calculator Monarch Networth Brokerage Calculator

Monarch Networth Capital & ICICI Direct Other Charges Comparison

Other Charges ICICI Direct Monarch Networth Capital
Transaction Charges 0.00280% of Total Turnover 0.00350% of Total Turnover
STT Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
SEBI Turnover Charges 0.00005% (Rs. 5/Crore) 0.00005% (Rs. 5/Crore)
Stamp Duty (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
GST 18% on (Brokerage + Transaction Charge + SEBI Fee) 18% on (Brokerage + Transaction Charge + SEBI Fee)

Compare Monarch Networth Capital & ICICI Direct Offers

Offers ICICI Direct Monarch Networth Capital
Free Demat Account R R
Free Trading Account S R
Discount on Brokerage S S
Trading Happy Hours R S
Flexible Brokerage Plans R R
1 Month Brokerage Free S S
Holiday Offers S S
Referral Offers R S
Zero Brokerage for Loss Making Trades R S

Compare Services of ICICI Direct vs Monarch Networth Capital

Services ICICI Direct Monarch Networth Capital
Demat Services R R
Trading Services R R
3 in 1 Account R S
Intraday Services R R
IPO Services R R
Stock Recommendations R R
Robo Advisory R S
PMS R S
Trading Institution R S
Trading Exposure Upto 5x Upto 5x

Compare Monarch Networth Capital & ICICI Direct Research & Advisory

Research & Advisory ICICI Direct Monarch Networth Capital
Fundamental Reports R R
Research Reports R R
Company Reports R R
Annual Reports R S
Company Stock Review R S
Free Stock Tips S R
IPO Reports R R
Top Picks S R
Daily Market Review R R
Monthly Reports R R
Weekly Reports R R
Offline Advisory R R
Relationship Manager R R

ICICI Direct vs Monarch Networth Capital Exposure/Leverage

Exposure / Leverage ICICI Direct Monarch Networth Capital
Equity Delivery 1x 1x
Equity Intraday Upto 5x Upto 5x
Equity Futures 1x 1x
Equity Options 1x 1x
Currency Futures 1x 1x
Currency Options 1x 1x
Commodities 1x 1x
Margin Calculator ICICI Direct Margin Calculator Monarch Networth Margin Calculator

ICICI Direct vs Monarch Networth Capital Product Comparison

Products ICICI Direct Monarch Networth Capital
Equity Trading R R
Commodity Trading S R
Currency Trading R R
Options R R
Futures R R
Mutual Funds R R
Forex R S
Banking R S
SIP R R
Insurance R R

ICICI Direct vs Monarch Networth Capital Trading Platform Comparison

Trading Platforms ICICI Direct Monarch Networth Capital
Desktop Platform – Windows R R
Desktop Platform – Mac R S
Desktop Browser Platform R R
Mobile Site Platform R S
Android App Platform R R
iOS App Platform R S
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R S
News Flash R R
Research Reports R S
Easy Installation R R
Global Indices R R
Stock Tips R S
Personalized Advisory R S
Interactive Charts R R
Live Markets R R
SMS Alerts R R
Email Alerts R R
Multi Account Management R S

ICICI Direct vs Monarch Networth Capital Customer Support

Customer Support ICICI Direct Monarch Networth Capital
Dedicated Dealer R R
Offline Trading S R
Online Trading R R
24*7 Support S S
Email Support R R
Chat Support S S
Toll Free Number S S
Branches 226 85

ICICI Direct vs Monarch Networth Capital Customer Complaints

Complaints (Current Year) ICICI Direct Monarch Networth Capital
Lodged in BSE 225 22
Resolved in BSE 215 21
Lodged in NSE 196 32
Resolved in NSE 182 31

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