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Monarch Networth Vs Espresso Sharekhan: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Monarch Networth Max 0.03% to 0.30% per trade while the brokerage of Espresso Sharekhan ranges between Rs 20. Monarch Networth is a Full Service Broker where Espresso Sharekhan is a Discount Broker. Monarch Networth is having overall lower rating compare to Espresso Sharekhan. Monarch Networth is rated only 3 out of 5 where Espresso Sharekhan is rated 4 out of 5. Number of active customer for Monarch Networth is 57,228 where number of active customer for Espresso Sharekhan is 21,960. Monarch Networth is serving more customer compare to Espresso Sharekhan.

Here we present side-by-side comparison of Monarch Networth vs Espresso Sharekhan share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Monarch Networth vs Espresso Sharekhan'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 Monarch Networth vs Espresso Sharekhan share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Monarch Networth vs Espresso Sharekhan'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 Monarch Networth vs Espresso Sharekhan on Service

  Monarch Networth Compare
Monarch Networth
Espresso Sharekhan Compare
Espresso Sharekhan
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Active Clients 57,228 21,960
Broker Overview 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. Espresso, a part of Sharekhan offers the lowest brokerage online trading services at Rs. 20 flat brokerages on profitable intraday trades, and no brokerage on delivery and loss-making trades on the Beta-tested app and desktop trading platforms.
Broker Enquiry Request call back from Zerodha Request call back from Espresso Sharekhan
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Account Opening Charges and AMC

Compare Monarch Networth vs Espresso Sharekhan on Trading & Demat Account Opening Charges

Comparison of Monarch Networth with Espresso Sharekhan on trading & demat account opening charges and AMC. Trading account opening charges - Monarch Networth offer Free account opening where Espresso Sharekhan charges Rs. 354 (Free for limited time) for account opening. Demat AMC charges - Monarch Networth charges Rs 225 PA AMC for Demat account where Espresso Sharekhan charges Rs. 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Monarch Networth with Espresso Sharekhan
Charges Monarch Networth Espresso Sharekhan
Trading Account Opening Fees Free Rs. 354 (Free for limited time)
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 225 PA Rs. 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Monarch Networth vs Espresso Sharekhan on Plan Options

Plans are the most important feature you look when compare Monarch Networth with Espresso Sharekhan. 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 Monarch Networth with Espresso Sharekhan on Plan Options
Plan Types Monarch Networth Espresso Sharekhan
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Espresso Sharekhan
Account Opening Request
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Brokerage Charges

Compare Monarch Networth vs Espresso Sharekhan on Brokerage Charges

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%.

Espresso Sharekhan Brokerage Plan detail - Pay only when you profit is a flat brokerage plan that offers free delivery trading and charges Max Rs. 20 per order brokerage on equity intraday, F&O, commodity, and currency only in case of profit. There will be NIL brokerage fee in case of loss.

Brokerage Charges - Compare Monarch Networth with Espresso Sharekhan
Brokerage Charges Compare Monarch Networth Espresso Sharekhan
Plan Name Basic Trading Plan (Percentage Based) Pay Only When You Profit
Equity Delivery 0.30% Free
Equity Intraday 0.03% 0.03% or Rs 20 whichever is lower
Equity Futures 0.03% 0.03% or Rs 20 whichever is lower
Equity Options Rs 100 per lot Flat Fee Rs 20
Currency Futures 0.03% 0.03% or Rs 20 whichever is lower
Currency Options Rs 100 per lot Flat Fee Rs 20
Commodity Trading Rs 100 per lot 0.03% or Rs 20 whichever is lower
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available No
Funding Info Not Available Info Not Available
Call & Trade Charges NA Rs. 50 + GST per order placed through dealing desk
Auto Square off Charges NA Rs. 50 + GST per order placed through dealing desk
Brokerage Calculator Brokerage Calculator for Monarch Networth Brokerage Calculator for Espresso Sharekhan
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Share Broker's Transaction Charges

Compare Monarch Networth vs Espresso Sharekhan on Transaction Charges

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

Transaction Charges - Compare Monarch Networth with Espresso Sharekhan
Transaction Charges Compare Monarch Networth Espresso Sharekhan
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 monarch-networth-capital Complete Brokerage Plans for espresso-sharekhan
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Account Features

Compare Monarch Networth vs Espresso Sharekhan on Account Features

Compare Monarch Networth with Espresso Sharekhan 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 Espresso Sharekhan doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Monarch Networth offers NRI where Espresso Sharekhan doesn't offers NRI Trading.

Account Features - Monarch Networth with Espresso Sharekhan
Account Features Compare Monarch Networth Espresso Sharekhan
3 in 1 Account No Monarch Networth have 2-in-1 account. Only Demate and Trading account. No Monarch Networth have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes No
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 3:15 PM
NRI Trading Yes No
Other Features Trading software terminal: Fast trade NIL
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Trading Platform

Compare Monarch Networth vs Espresso Sharekhan on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Monarch Networth and Espresso Sharekhan. 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 Monarch Networth with Espresso Sharekhan
Trading Platform Compare Monarch Networth Espresso Sharekhan
Desktop Trading Platform FastTrade Espresso
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No Yes
Web Trading Platform Yes Yes
Web Trading Detail https://trade.mnclgroup.com https://trade.myespresso.com/trading/login
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App MNCL Mobile Trader Espresso Mobile App
Mobile Trading App Demo Info Not Available Espresso Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod MNCL Mobile Trader Download Andriod Espresso Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS MNCL Mobile Trader Download iOS Espresso Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Info Not Available Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Monarch Networth Equity Intraday and Delivery Brokerage Calculator for Espresso Sharekhan
Futures Brokerage Calculator Futures Brokerage Calculator for Monarch Networth Futures Brokerage Calculator for Espresso Sharekhan
Options Brokerage Calculator Options Brokerage Calculator for Monarch Networth Options Brokerage Calculator for Espresso Sharekhan
Detail Detail on Trading Platforms for monarch-networth-capital Detail on Trading Platforms for espresso-sharekhan

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Broker Ratings by Users

Compare Monarch Networth vs Espresso Sharekhan on User Rating

  Monarch Networth Espresso Sharekhan
  12 Customer Reviews    Rate Monarch Networth 1 Customer Reviews    Rate Espresso Sharekhan
Fees Ratings 2.8 1.0
Trading Brokerage Rating 3.0 5.0
Trading Platform Usability 3.3 3.0
Customer Service Ratings 3.2 2.0
Overall Ratings 3.3 1.0
Broker Rating Monarch Networth is Rated 3.3 / 5 based on 12 customer reviews Espresso Sharekhan is Rated 1.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare Monarch Networth vs Espresso Sharekhan on Investment Offerings

Compare Monarch Networth with Espresso Sharekhan 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 - Monarch Networth offers online mutual fund investment option where Espresso Sharekhan doesn't offer. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

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

Compare Monarch Networth vs Espresso Sharekhan on Order Types

Order Type - Compare Monarch Networth with Espresso Sharekhan 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) - Espresso Sharekhan provides Bracket Orders (BO) where Monarch Networth doesn't offer.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- Espresso Sharekhan offers Good Till Cancelled (GTC) orders where Monarch Networth doesn't support Good Till Cancelled (GTC) orders.

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

Compare Monarch Networth vs Espresso Sharekhan on Customer Service

Compare Monarch Networth with Espresso Sharekhan 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 Monarch Networth with Espresso Sharekhan
Customer Service Compare Monarch Networth Espresso Sharekhan
24/7 Customer Service Monarch Networth vs Espresso Sharekhan - 24x7 customer support No No
Email Support Monarch Networth vs Espresso Sharekhan - Email Support Yes Yes
Onine Live Chat Monarch Networth vs Espresso Sharekhan - Onine Live Chat No No
Phone Support Monarch Networth vs Espresso Sharekhan - Phone Support Yes Yes
Toll Free Number Monarch Networth vs Espresso Sharekhan - Toll Free Number No No
Through Branches Monarch Networth vs Espresso Sharekhan - Through Branches Yes No
Customer Care Number Monarch Networth vs Espresso Sharekhan - Customer Care Number 022-43211800 /079-26666500 022 6767 0700
Account Opening Process Monarch Networth vs Espresso Sharekhan - Account Opening Process Info Not Available 100% online/paperless
Customer Support Email Monarch Networth vs Espresso Sharekhan - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Monarch Networth vs Espresso Sharekhan - Knowledge Center/Education Info Not Available https://www.myespresso.com/the-espresso-blog
Head Office Address Monarch Networth vs Espresso Sharekhan - Head Office Address/Corporate Address Info Not Available Sharekhan Comtrade Private Limited
Lodha iThink Techno Campus, 10th Floor, Beta Building,
Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East),
Mumbai - 400 042, Maharashtra.
Website Monarch Networth vs Espresso Sharekhan - Company Website https://www.mnclgroup.com/ https://www.myespresso.com/
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Tips/Research/Reports Published

Compare Monarch Networth vs Espresso Sharekhan on Research Reports, Tips

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

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

Compare Monarch Networth vs Espresso Sharekhan on Demat Account

Compare Monarch Networth with Espresso Sharekhan 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 Espresso Sharekhan is ₹400 pa where for Monarch Networth is ₹500 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 Monarch Networth is ₹25 or 0.025% (Whichever is higher) where for Espresso Sharekhan is 0.03% (Min ₹30) + ₹5.50 (CDSL Charges).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 Monarch Networth with Espresso Sharekhan
  Monarch Networth Espresso Sharekhan
DP Source CDSL CDSL
DP ID Monarch Networth vs Espresso Sharekhan - DP ID No CDSL-DP-45
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹400 pa
Advance Deposit NIL Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure)
Statutory charges Nil Actual Stamp Paper Charges
Transaction Charges on Debit (Per ISIN) ₹25 or 0.025% (Whichever is higher) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges)
Demat ₹5 per certificate (Min ₹40) + ₹45 courier charges ₹5 per certificate (Min 50 per request)
Remat ₹10 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹45 courier charges ₹50 per certificate or ₹50 for every hundred securities
Pledge Creation ₹50 per transaction 0.03% (Min ₹100)
Pledge Creation Confirmation Nil NIL
Pledge Closure ₹25 per transaction NIL
Pledge Closure Confirmation Nil NIL
Pledge Invocation ₹25 per transaction NIL
Failed Instruction Charges Nil Nil
Other Charges Nil Freeze/De-freeze - ₹25 per transaction
Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100)
Client Master changes ₹30 per request
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Special Offers,Advantages,Disadvantages

Compare Monarch Networth vs Espresso Sharekhan on Special Offers and Promotion

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

Compare Monarch Networth vs Espresso Sharekhan on Special Offers and Promotion
  Monarch Networth Espresso Sharekhan
Pay In and Pay Out Options Monarch Networth vs Espresso Sharekhan - Pay In and Pay Out Options Info Not Available Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Expresso
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Monarch Networth vs Espresso Sharekhan - Payout Time Info Not Available Max 24 hrs except for bank holidays
Bank Supported and Charges Monarch Networth vs Espresso Sharekhan - Bank Supported and Charges Info Not Available Around 31 banks allow instant credit facility with charges of Rs 9 + GST
Bank Detail Info Not Available
Likes
  • 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...

  • No brokerage on losses.
  • Pay Max Rs. 20 per order brokerage charges across segments.
  • Zero brokerage on cash N carry (CNC) orders (delivery).
  • Zero Demat AMC charges for 1st Year
  • Hassle-free fund transfer via UPI and net banking.
  • Apply for buyback, NFO, and OFS at Rs. 20 per order + GST.
  • Pre-IPO apply feature to apply for IPO.
  • Free mobile app and Binge trading software for active traders.
  • Integrated watchlists, free scanners, quick order placement, and split order functionality.
  • Zero payment gateway charges on Axis, HDFC, ICICI, IDBI, IndusInd, and Kotak Mahindra Bank.
  • EspressoLogy and Learning center to learn about the stock market.
  • Place bracket order (BO) and after-market order.
  • Free GTD (Good Till Date) order
  • Margin trading facility.
  • No hidden charges.

Detail Review...

Dislikes
  • 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...

  • Espresso Sharekhan does not offer mutual funds.
  • You cannot open an integrated 3-in-1 account.
  • It does not provide 24*7 customer support.
  • NRI cannot open an account with Espresso Sharekhan.
  • Espresso Sharekhan Trade Booster is 7-day paid stock market learning platform.

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Espresso Sharekhan Account Now>>

Last Updated on 2023-08-27T23:54:07+00:00