Networth Direct Vs Achiievers Equities – Share Brokers Comparison
Networth Direct Vs Achiievers Equities
Here is a point by point comparison of Networth Direct Vs Achiievers Equities. Achiievers Equities is a one of its own kind discount broker that provides fixed brokerage plans at Month, Day and Trade level but also provides research reports and market tips. At the same time, Achiievers Equities provides a 3-in-1 account offering convenience to its clients when it comes to payment transfers. 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.
Discount brokers such as Achiievers Equities offer trading services at much cheaper brokerage rates and reasonable customer service. On the other hand, Full service brokers such as 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 and so on.
To make things easy for you, we have listed out the comparison between Networth Direct Vs Achiievers Equities 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.
Comparison
Networth Direct Review | Achiievers Equities Review | |
OVERVIEW | ||
Broker Type | Full Service Broker | Discount Broker |
Incorporated In the Year | 1995 | 2012 |
Number of branches across India | 325 | 1 |
Exchanges | NSE, BSE, MCX-SX, MCX and NCDEX | NSE, BSE, MCX, MCX-SX, NSEL |
ACCOUNT CHARGES | ||
Trading Account Opening Charges | ₹0 | ₹750 |
Trading Account Annual Maintenance Charges | ₹0 | ₹400 |
Demat Account Opening Charges | ₹0 | ₹0 |
Demat Account Annual Maintenance Charges | ₹400 | ₹0 |
Transaction Charges | Monarch Networth Transaction Charges | Achiievers Equities Transaction Charges |
BROKERAGE | ||
Equity Delivery | 0.3% to 0.1% | ₹15 per executed order OR ₹750 per month for Unlimited Trades |
Intraday Delivery | 0.05% to 0.03% | ₹15 per executed order OR ₹750 per month for Unlimited Trades |
Equity Futures | 0.05% to 0.03% | ₹15 per executed order OR ₹750 per month for Unlimited Trades |
Equity Options | ₹60 to ₹25 per lot | ₹15 per executed order OR ₹750 per month for Unlimited Trades |
Currency Futures | 0.05% to 0.03% | ₹15 per executed order OR ₹750 per month for Unlimited Trades |
Currency Options | ₹60 to ₹25 per lot | ₹15 per executed order OR ₹750 per month for Unlimited Trades |
Commodity | 0.05% to 0.03% | ₹15 per executed order OR ₹750 per month for Unlimited Trades |
Brokerage Calculator | Networth Capital Brokerage Calculator | Achiievers Equities Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 10 times for Intraday, & 3 times for Delivery | Upto 5 times for Intraday, 0 for Delivery |
Equity Futures | Upto 3 times Intraday | Upto 2 times |
Equity Options | No Leverage | NA |
Currency Futures | Upto 2 times Intraday | NA |
Currency Options | No Leverage | Upto 2 times |
Commodities | Upto 3 times Intraday | Upto 4 times |
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 | NOW Online, NOW Trader |
Total BSE+NSE Complaints %age | 0.07% | 0.26% |
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 Networth Direct Vs Achiievers Equities for the benefits of other readers. Please feel free to share in the comments below.
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