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ICICI Direct Vs Networth Direct
| | Broker Comparison, Trading | No Comments
ICICI Direct Vs Networth Direct comparison here talks about the differences between these two stockbrokers in terms of multiple aspects. If you are looking to choose one of the brokers for your stock market trading, this comparison article will assist you in making that decision.
Here are the details:
ICICI Direct Vs Networth Direct Comparison
Here is a point by point comparison of ICICI Direct Vs Networth Direct.
ICICI Direct is a retail trading flagship of ICICI Securities. With more than 35 lakh customers, ICICI Direct is the biggest retail full-service stockbroker company in India.
Networth Direct (earlier called Monarch Networth) is a full-service stockbroker based out of Ahmedabad with a total employee strength of around 650. The broker is known for a wide range of trading and investment products along with decent research quality. Furthermore, the broker has an offline presence in around 325 locations across different parts of India.
Full-service brokers as ICICI Direct and Networth Direct will help you, spoon feed you, handhold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market etc.
To make things easy for you, we have listed out the comparison between ICICI Direct Vs Networth Direct to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
ICICI Direct Vs Networth Direct Details
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
 |  | |
| Networth Direct Review | ICICI Direct Review | |
| OVERVIEW | ||
| Incorporated In the Year | 1995 | 2000 |
| Number of branches across India | 325 | 154 |
| Exchanges | NSE, BSE, MCX-SX, MCX and NCDEX | BSE, NSE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹700 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹400 | ₹0 |
| Transaction Charges | Monarch Networth Transaction Charges | ICICI Direct Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.3% to 0.1% | 0.55% |
| Intraday Delivery | 0.05% to 0.03% | 0.275% |
| Equity Futures | 0.05% to 0.03% | 0.03% to 0.05% |
| Equity Options | ₹60 to ₹25 per lot | ₹35 to ₹95 per lot |
| Currency Futures | 0.05% to 0.03% | 0.03% to 0.05% |
| Currency Options | ₹60 to ₹25 per lot | ₹10 to ₹25 per lot |
| Commodity | 0.05% to 0.03% | NA |
| Calculate Brokerage | Networth Capital Brokerage Calculator | ICICI Direct Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for Intraday, & 3 times for Delivery | Intraday upto 25 times & Delivery upto 5 times |
| Equity Futures | Upto 3 times Intraday | Upto 4 times for intraday |
| Equity Options | No Leverage | NA |
| Currency Futures | Upto 2 times Intraday | NA |
| Currency Options | No Leverage | NA |
| Commodities | Upto 3 times Intraday | NA |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | |  |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | MNCL Mobile, N-Easy, N-Swift | TraderRacer |
| Total BSE+NSE Complaints %age | 0.07% | 0.02% |
| OVERALL RATING |  |  |
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ICICI Direct Vs Networth Direct
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