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

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

Compare Stock Brokers


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

OverviewICICI DirectMonarch Networth Capital
Company TypePublicPublic
Broker TypeFull Service BrokerFull Service Broker
HeadquartersMumbai, IndiaMumbai, India
FounderVjay ChandokVaibhav Shah
Established Year19941993

ICICI Direct vs Monarch Networth Capital Customer Ratings Comparison

Customer RatingsICICI DirectMonarch Networth Capital
Experience8.8 / 106.2/10
Products & Services8.4 / 106.0/10
Brokerage Charges & Fees8.5 / 105.9/10
Stock Research & Advisory7.9 / 106.2/10
Trading Platforms8.6 / 106.3/10
Overall Ratings8.44 / 106.1/10
Star Ratings★★★★☆★★★☆☆
Total Client Reviews4026328

ICICI Direct vs Monarch Networth Capital Demat Account Comparison

Demat ServicesICICI DirectMonarch Networth Capital
Depository SourceNSDL & CDSLCDSL
Account Opening ChargesZeroRs 0 (Free)
Demat AMC ChargesRs 300 (from 2nd year)Rs 225
Trading AMC ChargesRs 0 (Free)Free
Margin Money75% Margin75% Margin
Offline to OnlineSR

Monarch Networth Capital vs ICICI Direct Brokerage Charges Comparison

Brokerage Charge & FeesICICI DirectMonarch Networth Capital
Equity Delivery Trading0.55%0.30%
Equity Intraday TradingRs 20 per order0.03%
Commodity Options TradingRs 20 per orderRs 100 per lot
Equity Futures TradingRs 0 (Free)0.03%
Equity Options TradingRs 20 per orderRs 100 per lot
Currency Futures TradingRs 20 per order0.03%
Currency Options TradingRs 20 per orderRs 100 per lot
Minimum BrokerageRs.20 per TradePercentage of Transaction
Demat AMC ChargesRs.300 per Annum from 2nd yearRs.225
Trading AMC ChargesZeroFree
Margin Money75% Margin75% Margin
Brokerage CalculatorICICI Direct Brokerage CalculatorMonarch Networth Brokerage Calculator

Monarch Networth Capital & ICICI Direct Other Charges Comparison

Other ChargesICICI DirectMonarch Networth Capital
Transaction Charges0.00280% of Total Turnover0.00350% of Total Turnover
STTEquity 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 Charges0.00005% (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)
GST18% on (Brokerage + Transaction Charge + SEBI Fee)18% on (Brokerage + Transaction Charge + SEBI Fee)

Compare Monarch Networth Capital & ICICI Direct Offers

OffersICICI DirectMonarch Networth Capital
Free Demat AccountRR
Free Trading AccountSR
Discount on BrokerageSS
Trading Happy HoursRS
Flexible Brokerage PlansRR
1 Month Brokerage FreeSS
Holiday OffersSS
Referral OffersRS
Zero Brokerage for Loss Making TradesRS

Compare Services of ICICI Direct vs Monarch Networth Capital

ServicesICICI DirectMonarch Networth Capital
Demat ServicesRR
Trading ServicesRR
3 in 1 AccountRS
Intraday ServicesRR
IPO ServicesRR
Stock RecommendationsRR
Robo AdvisoryRS
PMSRS
Trading InstitutionRS
Trading ExposureUpto 5xUpto 5x

Compare Monarch Networth Capital & ICICI Direct Research & Advisory

Research & AdvisoryICICI DirectMonarch Networth Capital
Fundamental ReportsRR
Research ReportsRR
Company ReportsRR
Annual ReportsRS
Company Stock ReviewRS
Free Stock TipsSR
IPO ReportsRR
Top PicksSR
Daily Market ReviewRR
Monthly ReportsRR
Weekly ReportsRR
Offline AdvisoryRR
Relationship ManagerRR

ICICI Direct vs Monarch Networth Capital Exposure/Leverage

Exposure / LeverageICICI DirectMonarch Networth Capital
Equity Delivery1x1x
Equity IntradayUpto 5xUpto 5x
Equity Futures1x1x
Equity Options1x1x
Currency Futures1x1x
Currency Options1x1x
Commodities1x1x
Margin CalculatorICICI Direct Margin CalculatorMonarch Networth Margin Calculator

ICICI Direct vs Monarch Networth Capital Product Comparison

ProductsICICI DirectMonarch Networth Capital
Equity TradingRR
Commodity TradingSR
Currency TradingRR
OptionsRR
FuturesRR
Mutual FundsRR
ForexRS
BankingRS
SIPRR
InsuranceRR

ICICI Direct vs Monarch Networth Capital Trading Platform Comparison

Trading PlatformsICICI DirectMonarch Networth Capital
Desktop Platform – WindowsRR
Desktop Platform – MacRS
Desktop Browser PlatformRR
Mobile Site PlatformRS
Android App PlatformRR
iOS App PlatformRS
Windows App PlatformSS
Other Mobile OS PlatformSS
Real time UpdatesRR
Portfolio DetailsRR
Online MF BuyRS
News FlashRR
Research ReportsRS
Easy InstallationRR
Global IndicesRR
Stock TipsRS
Personalized AdvisoryRS
Interactive ChartsRR
Live MarketsRR
SMS AlertsRR
Email AlertsRR
Multi Account ManagementRS

ICICI Direct vs Monarch Networth Capital Customer Support

Customer SupportICICI DirectMonarch Networth Capital
Dedicated DealerRR
Offline TradingSR
Online TradingRR
24*7 SupportSS
Email SupportRR
Chat SupportSS
Toll Free NumberSS
Branches22685

ICICI Direct vs Monarch Networth Capital Customer Complaints

Complaints (Current Year)ICICI DirectMonarch Networth Capital
Lodged in BSE22522
Resolved in BSE21521
Lodged in NSE19632
Resolved in NSE18231

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