Interactive Brokers Vs Networth Direct – Stock Brokers Comparison
Interactive Brokers Vs Networth Direct
Here is a point by point comparison of Interactive Brokers Vs Networth Direct. Networth Direct (earlier called Monarch Networth) is a full service stock broker 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. Interactive Brokers is actually a US based stock broking company and has a discount broking arm based out of Mumbai as well. With 1100+ employees globally, the broker has presence in 100+ countries and was introduced in India in 2009. However, this discount broker offers limited range of trading and investment products.
Everything about Interactive Brokers is Online, be it – customer service, trading, account opening and so on. At the same time, Networth Direct will help you, spoon feed you, hand hold 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 Interactive Brokers 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
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 stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Interactive Brokers Review | Networth Direct Review | |
OVERVIEW | ||
Incorporated In the Year | 1977 | 1995 |
Number of branches across India | 1 | 325 |
Exchanges | NSE, BSE | NSE, BSE, MCX-SX, MCX and NCDEX |
ACCOUNT CHARGES | ||
Trading Account Opening Charges | ₹0 | ₹0 |
Trading Account Annual Maintenance Charges | ₹0 (Monthly ₹200 brokerage must be generated otherwise the differential amount will be levied) | ₹0 |
Demat Account Opening Charges | ₹0 | ₹0 |
Demat Account Annual Maintenance Charges | ₹0 | ₹400 |
Transaction Charges | Interactive Brokers Transaction Charges | Monarch Networth Transaction Charges |
BROKERAGE | ||
Equity Delivery | ₹6 to ₹20 per executed trade | 0.3% to 0.1% |
Intraday Delivery | ₹6 to ₹20 per executed trade | 0.05% to 0.03% |
Equity Futures | ₹6 to ₹20 per executed trade | 0.05% to 0.03% |
Equity Options | ₹6 to ₹20 per executed trade | ₹60 to ₹25 per lot |
Currency Futures | ₹6 to ₹20 per executed trade | 0.05% to 0.03% |
Currency Options | ₹6 to ₹20 per executed trade | ₹60 to ₹25 per lot |
Commodity | NA | 0.05% to 0.03% |
Brokerage Calculator | Networth Capital Brokerage Calculator | |
EXPOSURE OR LEVERAGE | ||
Equity | 4 times for intraday, 2 times for delivery | Upto 10 times for Intraday, & 3 times for Delivery |
Equity Futures | Upto 3 times Intraday | Upto 3 times Intraday |
Equity Options | Buying No Leverage, Shorting Upto 3 times | No Leverage |
Currency Futures | Upto 2 times Intraday | Upto 2 times Intraday |
Currency Options | Buying No Leverage, Shorting Upto 2 times | No Leverage |
Commodities | NA | Upto 3 times Intraday |
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) | IB Trader Workstation, IB TWS, IB WebTrader | MNCL Mobile, N-Easy, N-Swift |
BSE+NSE Complaints Percentage | 0.04% | 0.07% |
OVERALL RATING | ||
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with Interactive Brokers Vs Networth Direct for the benefits of other readers. Please feel free to share in the comments below.