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Geojit Vs Monarch Networth: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Geojit ranges between .03 to .3% while the brokerage of Monarch Networth ranges between 0.03% to 0.30%. Both the brokers are Full Service brokers. Geojit is having overall higher rating compare to Monarch Networth. Geojit is rated 4 out of 5 where Monarch Networth is rated only 3 out of 5. Number of active customer for Geojit is 2,38,218 where number of active customer for Monarch Networth is 57,228. Geojit is serving more customer compare to Monarch Networth.

Here we present side-by-side comparison of Geojit vs Monarch Networth share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Geojit vs Monarch Networth's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Geojit vs Monarch Networth share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Geojit vs Monarch Networth's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Geojit vs Monarch Networth on Service

  Geojit Compare
Geojit
Monarch Networth Compare
Monarch Networth
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 2,38,218 57,228
Broker Overview Open a Free Demat Account online with Geojit BNP Paribas today to start online trading on the state-of-the-art trading platforms; SELFIE app, web, and desktop terminal, and also get financial planning, portfolio management services, and get free acce... Know more about Geojit Free Demat Account opening, flexible brokerage plans, an array of online trading platforms, and free equity, commodity, & currency research make Monarch Networth a recommended broker in the list.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Geojit vs Monarch Networth on Trading & Demat Account Opening Charges

Comparison of Geojit with Monarch Networth on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Geojit charges Rs 700 PA AMC for Demat account where Monarch Networth charges Rs 225 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Geojit with Monarch Networth
Charges Geojit Monarch Networth
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 700 PA Rs 225 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Geojit vs Monarch Networth on Plan Options

Plans are the most important feature you look when compare Geojit with Monarch Networth. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Geojit with Monarch Networth on Plan Options
Plan Types Geojit Monarch Networth
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Geojit vs Monarch Networth on Brokerage Charges

Geojit Brokerage Plan detail - This is a standard plan by Geojit This is % based brokerage plan.This is % based brokerage plan. Brokerage is between .03% to .3%, which is 3 paisa to 30 paisa.

Monarch Networth Brokerage Plan detail - This is a standard plan by Networth Direct. This is a % based brokerage plan that charges a fixed fee of 0.03% to 0.30%.

Brokerage Charges - Compare Geojit with Monarch Networth
Brokerage Charges Compare Geojit Monarch Networth
Plan Name Online Trading Plan (Percentage Based) Basic Trading Plan (Percentage Based)
Equity Delivery 0.30% or 30 paisa 0.30%
Equity Intraday 0.03% or 3 paisa 0.03%
Equity Futures 0.01% 0.03%
Equity Options Rs 50 Per Lot Rs 100 per lot
Currency Futures 0.03% or 3 paisa 0.03%
Currency Options Rs 50 Per Lot Rs 100 per lot
Commodity Trading 0.05% (Buy and sell)| Options: Rs. 150/lot| Option Rs 100 per lot
Minimum Brokerage 1p per share or Rs 20/contract whichever is higher NIL
Hidden Charges Info Not Available Info Not Available
Funding Yes - 20% interest PA Info Not Available
Call & Trade Charges Free NA
Auto Square off Charges Free NA
Brokerage Calculator Brokerage Calculator for Geojit Brokerage Calculator for Monarch Networth
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Share Broker's Transaction Charges

Compare Geojit vs Monarch Networth on Transaction Charges

Compare Geojit with Monarch Networth on transaction charges and PCM fee by segment.

Transaction Charges - Compare Geojit with Monarch Networth
Transaction Charges Compare Geojit Monarch Networth
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for geojit Complete Brokerage Plans for monarch-networth-capital
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Account Features

Compare Geojit vs Monarch Networth on Account Features

Compare Geojit with Monarch Networth on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - Monarch Networth offers Algo Trading where Geojit doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Geojit with Monarch Networth
Account Features Compare Geojit Monarch Networth
3 in 1 Account No Geojit have 2-in-1 account. Only Demate and Trading account. No Geojit have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL Trading software terminal: Fast trade
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Trading Platform

Compare Geojit vs Monarch Networth on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Geojit and Monarch Networth. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Geojit with Monarch Networth
Trading Platform Compare Geojit Monarch Networth
Desktop Trading Platform SELFIE Platinum FastTrade
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://selfie.geojit.net/ https://trade.mnclgroup.com
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App SELFIE Geojit MNCL Mobile Trader
Mobile Trading App Demo SELFIE Geojit Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod SELFIE Geojit Download Andriod MNCL Mobile Trader Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS SELFIE Geojit Download iOS MNCL Mobile Trader Download
Android Tablet App Yes Yes
iPad App (IOS) No Yes
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Geojit Equity Intraday and Delivery Brokerage Calculator for Monarch Networth
Futures Brokerage Calculator Futures Brokerage Calculator for Geojit Futures Brokerage Calculator for Monarch Networth
Options Brokerage Calculator Options Brokerage Calculator for Geojit Options Brokerage Calculator for Monarch Networth
Detail Detail on Trading Platforms for geojit Detail on Trading Platforms for monarch-networth-capital

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Broker Ratings by Users

Compare Geojit vs Monarch Networth on User Rating

  Geojit Monarch Networth
  79 Customer Reviews    Rate Geojit 12 Customer Reviews    Rate Monarch Networth
Fees Ratings 3.6 2.8
Trading Brokerage Rating 3.4 3.0
Trading Platform Usability 3.9 3.3
Customer Service Ratings 3.8 3.2
Overall Ratings 3.7 3.3
Broker Rating Geojit is Rated 3.7 / 5 based on 79 customer reviews Monarch Networth is Rated 3.3 / 5 based on 12 customer reviews
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Investment Offerings

Compare Geojit vs Monarch Networth on Investment Offerings

Compare Geojit with Monarch Networth on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Geojit provide PMS Service where Monarch Networth doesn't offer

Investment Offerings - Compare Geojit with Monarch Networth
Investment Offerings Compare Geojit Monarch Networth
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service Yes No
Other Investment Options Insurance Health Plan, General Insurance
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Order Types

Compare Geojit vs Monarch Networth on Order Types

Order Type - Compare Geojit with Monarch Networth on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Both broker don't have Cover Orders (CO).Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Geojit offers Good Till Cancelled (GTC) orders where Monarch Networth doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Geojit with Monarch Networth
Order Type Compare Geojit Monarch Networth
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No No
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare Geojit vs Monarch Networth on Customer Service

Compare Geojit with Monarch Networth on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Geojit with Monarch Networth
Customer Service Compare Geojit Monarch Networth
24/7 Customer Service Geojit vs Monarch Networth - 24x7 customer support No No
Email Support Geojit vs Monarch Networth - Email Support Yes Yes
Onine Live Chat Geojit vs Monarch Networth - Onine Live Chat No No
Phone Support Geojit vs Monarch Networth - Phone Support Yes Yes
Toll Free Number Geojit vs Monarch Networth - Toll Free Number Yes No
Through Branches Geojit vs Monarch Networth - Through Branches Yes Yes
Customer Care Number Geojit vs Monarch Networth - Customer Care Number 1800-425-5501/1800-103-5501/91-484-2405822 022-43211800 /079-26666500
Account Opening Process Geojit vs Monarch Networth - Account Opening Process Offline Info Not Available
Customer Support Email Geojit vs Monarch Networth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Geojit vs Monarch Networth - Knowledge Center/Education https://insights.geojit.com/ Info Not Available
Head Office Address Geojit vs Monarch Networth - Head Office Address/Corporate Address Geojit Financial Services Ltd.
34/659-P,
Civil Line Road Padivattom,
Kochi 682024
Info Not Available
Website Geojit vs Monarch Networth - Company Website https://www.geojit.com/ https://www.mnclgroup.com/
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Tips/Research/Reports Published

Compare Geojit vs Monarch Networth on Research Reports, Tips

Compare Geojit with Monarch Networth on research reports and tips provided by the broker.

Research Reports - Compare Geojit with Monarch Networth
  Geojit Monarch Networth
Research Mutual Funds Geojit vs Monarch Networth - Research Mutual Funds Yes No
Research Equity Reports Geojit vs Monarch Networth - Research Equity Reports Yes No
Research ETF Geojit vs Monarch Networth - Research ETF Yes No
Daily Market Report Geojit vs Monarch Networth - Daily Market Report Yes Yes
Free Tips Geojit vs Monarch Networth - Free Tips Yes Yes
Quarterly Result Analysis Geojit vs Monarch Networth - Quarterly Results Yes Yes
News Alerts Geojit vs Monarch Networth - Yes Yes
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Demat Account

Compare Geojit vs Monarch Networth on Demat Account

Compare Geojit with Monarch Networth on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Monarch Networth is ₹500 pa where for Geojit is ₹600 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Geojit is 0.02% of transaction value (Max ₹40) + CDSL charges where for Monarch Networth is ₹25 or 0.025% (Whichever is higher).You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Geojit with Monarch Networth
  Geojit Monarch Networth
DP Source CDSL CDSL
DP ID Geojit vs Monarch Networth - DP ID 48900 No
Demat Account Annual Maintenance Charges(AMC) ₹600 pa ₹500 pa
Advance Deposit NIL NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.02% of transaction value (Max ₹40) + CDSL charges ₹25 or 0.025% (Whichever is higher)
Demat ₹100 per demat request max 5 + ₹20 each additional certificate ₹5 per certificate (Min ₹40) + ₹45 courier charges
Remat ₹10 per certificate or ₹10 per certificate which ever is higher + ₹35 courier charges ₹10 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹45 courier charges
Pledge Creation ₹50 per transaction ₹50 per transaction
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil ₹25 per transaction
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹50 per transaction ₹25 per transaction
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Geojit vs Monarch Networth on Special Offers and Promotion

Compare Geojit with Monarch Networth on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Geojit vs Monarch Networth on Special Offers and Promotion
  Geojit Monarch Networth
Pay In and Pay Out Options Geojit vs Monarch Networth - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SELFIE Trading Platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Geojit vs Monarch Networth - Payout Time Upto 24 Hrs except Bank Holidays. Info Not Available
Bank Supported and Charges Geojit vs Monarch Networth - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Info Not Available
Likes
  • Trade and invest in stocks, derivatives, commodities, and currencies.
  • Zero account opening charges and Zero AMC.
  • 3-in-1 account opening.
  • Invest in smartfolios, a basket of stocks.
  • Diversify your portfolio with global investment.
  • In-depth stocks and mutual fund research access for free.
  • STEPS, comprehensive financial planning, and investment advisory
  • Apply for IPO and invest in mutual funds.
  • Secure & user-friendly SELFIE superfast platform in web, app, and desktop versions.
  • FundsGenie, a dedicated mutual fund app platform.
  • Great quality customer care support.
  • 4x exposure on Margin trading facility (MTF).
  • Place buy and sell GTT order.
  • Loans against shares.

Detail Review...

  • All-in-one broker for your trading and investing requirements.
  • Zero Demat account opening fees.
  • Multiple pricing plans for customers.
  • Trade on the mobile trader app and web platform.
  • Global investing platform to invest in the US stocks.
  • Free Research offerings; equity research, commodity & currency, stock ideas, etc.
  • Robust PAN-India presence.

Detail Review...

Dislikes
  • Geojit charges relatively high brokerage compared to other full-service brokers like Angel One, Edelweiss.
  • FundsGenie mutual fund app is not available for iOS platform users.

Detail Review...

  • Primitive user interface of MNCL Mobile app that makes it difficult to use for beginners.
  • Does not offer NRI trading.
  • Does not provide a 3-in-1 trading account.
  • No Good till triggered (GTT) order facility.

Detail Review...

Special Offers/Promo
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Last Updated on 2023-09-12T06:18:34+00:00