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About ICICIdirect
ICICIdirect is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include Equity, Derivatives, IPO, Mutual Funds, Fixed Deposits, Bonds, and Commodity trading at BSE and NSE. The company also offers NCD, wealth products, Home Loans, Insurance, etc.
ICICIdirect's most popular service is its 3-in-1 account, which includes the ICICI Bank Account, ICICI Trading Account, and... 
About Monarch Networth
Incorporated in 1993, Monarch Networth Capital Limited (MNCL) is a full-service broker that offers a cost-effective fee structure and multiple product offerings.
The company is an accredited stock broker with BSE, NSDL, MCX, NCDEX, NMCE & DGCX and uses NSDL and CDSL for custodial services. It is also registered with AMFI for mutual fund distribution.
Monarch Networth Capital Key Offerings
Product Range
Equities, derivatives, commodities, mutual funds, IPOs, and NPS
Life, health, ...
Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 1993, Monarch Networth is a Full Service Broker. It offers trading at BSE, NSE, MCX & NCDEX. It has 71 branches across India.
| ICICIdirect | Monarch Networth | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE | BSE, NSE, MCX & NCDEX |
| Year of Incorporation | 2000 | 1993 |
| Number of Branches | 154 | 71 |
| Open Monarch Networth Account |
ICICIdirect trading account opening charges is Rs 0 (Free) while Monarch Networth account opening changes is Rs 0 (Free). ICICIdirect Demat Account AMC Charges is For Individual account: Rs. 700 p.a. and Monarch Networth Demat Account AMC Charges is Rs 350 PA.
| ICICIdirect | Monarch Networth | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | For Individual account: Rs. 700 p.a. | Rs 350 PA |
ICICIdirect brokerage charges for equity is 0.29% and intraday is 0.029% whereas Monarch Networth brokerage charges for equity is 0.15% and intraday is 0.01%.
| Account Type | ICICIdirect ICICI Direct Moneysaver Plan | Monarch Networth General Plan |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.29% | 0.15% |
| Equity Intraday | 0.029% | 0.01% |
| Equity Futures | 0.029% | Rs 15 per lot |
| Equity Options | Rs 49 per lot | Rs 15 per lot |
| Currency Futures | Rs 20 per order | 0.01% |
| Currency Options | Rs 20 per order | Rs 15 per lot |
| Commodity Futures | Rs 20 per order | 0.01% |
| Commodity Options | Rs 20 per order | Rs 15 per lot |
| Special Offer | Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Special Offer: FREE account opening. Open an Instant Account & start investing with minimum brokerage along with benefit of research |
| ICICIdirect | Monarch Networth | |
|---|---|---|
| Account Type | Prime Plan - 299 | General Plan |
| Fixed Charges | Rs 299 yearly | |
| Equity Delivery | 0.25% | 0.15% |
| Equity Intraday | 0.025% | 0.01% |
| Equity Futures | 0.025% | Rs 15 per lot |
| Equity Options | Rs 49 per lot | Rs 15 per lot |
| Currency Futures | Rs 20 per order | 0.01% |
| Currency Options | Rs 20 per order | Rs 15 per lot |
| Commodity Futures | Rs 20 per lot | 0.01% |
| Commodity Options | Rs 20 per lot | Rs 15 per lot |
| Open Monarch Networth Account |
| ICICIdirect | Monarch Networth | |
|---|---|---|
| Account Type | Prime Plan - 9999 | General Plan |
| Fixed Charges | Rs 9999 one time | |
| Equity Delivery | 0.07% | 0.15% |
| Equity Intraday | 0.007% | 0.01% |
| Equity Futures | 0.007% | Rs 15 per lot |
| Equity Options | Rs 9 per lot | Rs 15 per lot |
| Currency Futures | Rs 20 per order | 0.01% |
| Currency Options | Rs 20 per order | Rs 15 per lot |
| Commodity Futures | Rs 20 per lot | 0.01% |
| Commodity Options | Rs 20 per lot | Rs 15 per lot |
| Open Monarch Networth Account |
| Minimum Brokerage | No minimum brokerage (Moneysaver Plan) | Rs 15 per lot |
| Other Charges | Daily MTF Interest Rates: 0.049% | Yearly Margin Trading Interest: 17.99% | |
| Call & Trade Charges | Rs 50 per trade | |
| Open Monarch Networth Account |
ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Monarch Networth margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| ICICIdirect | Monarch Networth | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open Monarch Networth Account |
The trading platforms offered ICICIdirect include ICICI Direct.com (website), ICICI Direct Mobile App. Monarch Networth offers trading software.
| ICICIdirect | Monarch Networth | |
|---|---|---|
| 3 in 1 Account |  |  |
| Automated Trading | | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | ICICI Direct.com (website), ICICI Direct Mobile App | |
| Intraday Square-off Time | 3:15 PM | 3:20 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | Daily, monthly and yearly free research recommendations, 100% limit in shares as margin | |
| Open Monarch Networth Account |
ICICIdirect is rated of 5 based on 484 customer reviews whereas Monarch Networth is rated of 5 based on 0 customer reviews.
| ICICIdirect | Monarch Networth | |
|---|---|---|
484 Customer Reviews  | 0 Customer Reviews | |
| Fees |  |  |
| Brokerage |  | |
| Trading Platform |  | |
| Customer Service |  | |
| Research Capabilities |  | |
| Overall Rating |  | |
| Broker Rating | ICICIdirect is Rated 2.3 / 5 based on 484 customer reviews | Monarch Networth is Rated / 5 based on 0 customer reviews |
| ICICIdirect | Monarch Networth | |
|---|---|---|
| Contact Broker | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | FREE account opening. Open an Instant Account & start investing with minimum brokerage along with benefit of research |
| ICICIdirect | Monarch Networth | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| ICICIdirect | Monarch Networth | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open Monarch Networth Account |
| ICICIdirect | Monarch Networth | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| ICICIdirect | Monarch Networth | |
|---|---|---|
| Pros |
| FREE account opening! Open an Instant Account & start investing with minimum brokerage along with benefit of research. |
| Cons |
| Free Account Opening
This is a limited time offer. Open an instant account online and start trading today. |
| Reviews | ||
| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| Monarch Networth Special OfferMonarch Networth (Equity Delivery: 0.15%)
Open an instant Monarch Networth account online and start trading today. |
| Open Monarch Networth Account |
Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Open Monarch Networth Account
