Networth Direct Vs TradeJini – Indian Share Brokers Comparison
Networth Direct Vs TradeJini
Here is a point by point comparison of Networth Direct Vs TradeJini. TradeJini, based out of Bengaluru, is a discount broker launched in 2012 by Kishore Kumar J and Dinesh Kumar M. They claim to have clients from more than 1000 cities and towns of India across all trading segments. 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.
Everything about discount brokers such as TradeJini is Online, be it – customer service, trading, account opening etc. Full service brokers such as Networth Direct, on the other hand, 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 TradeJini 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 | Tradejini 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 | BSE, NSE, MCX and MCX SX |
ACCOUNT CHARGES | ||
Trading Account Opening Charges | ₹0 | ₹695 |
Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
Demat Account Opening Charges | ₹0 | ₹300 |
Demat Account Annual Maintenance Charges | ₹400 | ₹300 |
Transaction Charges | Monarch Networth Transaction Charges | Tradejini Transaction Charges |
BROKERAGE | ||
Equity Delivery | 0.3% to 0.1% | ₹20 per executed order or 0.10% of Turnover whichever is lower |
Intraday Delivery | 0.05% to 0.03% | ₹20 per executed order or 0.01% of Turnover whichever is lower |
Equity Futures | 0.05% to 0.03% | ₹20 per executed order or 0.01% of Turnover whichever is lower |
Equity Options | ₹60 to ₹25 per lot | ₹20 per executed order |
Currency Futures | 0.05% to 0.03% | ₹20 per executed order or 0.01% of Turnover whichever is lower |
Currency Options | ₹60 to ₹25 per lot | ₹20 per executed order |
Commodity | 0.05% to 0.03% | ₹20 per executed order or 0.01% of Turnover whichever is lower |
Brokerage Calculator | Networth Capital Brokerage Calculator | Tradejini Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 10 times for Intraday, & 3 times for Delivery | Upto 20 Times for Intraday, & No leverage for Delivery |
Equity Futures | Upto 3 times Intraday | Normally 2.5 times with stop loss upto 5 times |
Equity Options | No Leverage | Buy side – 100% margin ; Sell side – Margin like Futures required. Exposure normal 2.5 times |
Currency Futures | Upto 2 times Intraday | NA |
Currency Options | No Leverage | NA |
Commodities | Upto 3 times Intraday | Upto 3 times for 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) | MNCL Mobile, N-Easy, N-Swift | NEST, NSE Now, NSE Mobile Trading App |
Total BSE+NSE Complaints %age | 0.07% | 0.09% |
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 TradeJini for the benefits of other readers. Please feel free to share in the comments below.
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