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Monarch Networth Vs TradeSmart: 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 TradeSmart ranges between Rs 15. Monarch Networth is a Full Service Broker where TradeSmart is a Discount Broker. Monarch Networth is having overall lower rating compare to TradeSmart. Monarch Networth is rated only 3 out of 5 where TradeSmart is rated 4 out of 5. Number of active customer for Monarch Networth is 57,228 where number of active customer for TradeSmart is 29,729. Monarch Networth is serving more customer compare to TradeSmart.

Here we present side-by-side comparison of Monarch Networth vs TradeSmart 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 TradeSmart'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 TradeSmart 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 TradeSmart'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 TradeSmart on Service

  Monarch Networth Compare
Monarch Networth
TradeSmart Compare
TradeSmart
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, NCDEX
Active Clients 57,228 29,729
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. Open TradeSmart Account to trade at either 0.007% or Rs. 15 lowest flat brokerage charges on the best platforms (SINE mobile app and trading website, and TradeSmart App), and get active customer support.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

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

Comparison of Monarch Networth with TradeSmart on trading & demat account opening charges and AMC. Trading account opening charges - Monarch Networth offer Free account opening where TradeSmart charges Rs 200 for account opening. Demat AMC charges - Monarch Networth charges Rs 225 PA AMC for Demat account where TradeSmart charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Monarch Networth with TradeSmart
Charges Monarch Networth TradeSmart
Trading Account Opening Fees Free Rs 200
Trading AMC Free Free
Demat Account Opening Fees Free Rs 200
Demat AMC Rs 225 PA Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Monarch Networth vs TradeSmart on Plan Options

Plans are the most important feature you look when compare Monarch Networth with TradeSmart. This section compare on high level about type of plans offered by brokers. Multiple Plans - TradeSmart provides Multiple Plans where Monarch Networth doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Monarch Networth with TradeSmart on Plan Options
Plan Types Monarch Networth TradeSmart
Multiple Plans No Yes
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 Monarch Networth vs TradeSmart 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%.

TradeSmart Brokerage Plan detail - 15 Rs Flat-rate power plan is good for big volume trader. This plan is good for traders who are not doing frequent trades but doing volume trade. This plan comes with up to 30x exposure on Equity.

Brokerage Charges - Compare Monarch Networth with TradeSmart
Brokerage Charges Compare Monarch Networth TradeSmart
Plan Name Basic Trading Plan (Percentage Based) Flat Fee Rs 15 Trading Plan (Power Plan)
Equity Delivery 0.30% Flat Fee Rs 15
Equity Intraday 0.03% Flat Fee Rs 15
Equity Futures 0.03% Flat Fee Rs 15
Equity Options Rs 100 per lot Flat Fee Rs 15
Currency Futures 0.03% Flat Fee Rs 15
Currency Options Rs 100 per lot Flat Fee Rs 15
Commodity Trading Rs 100 per lot Flat Fee Rs 15
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available No
Funding Info Not Available No
Call & Trade Charges NA Rs 20 per executed Order
Auto Square off Charges NA Rs 20 per executed Order
Brokerage Calculator Brokerage Calculator for Monarch Networth Brokerage Calculator for TradeSmart
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Share Broker's Transaction Charges

Compare Monarch Networth vs TradeSmart on Transaction Charges

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

Transaction Charges - Compare Monarch Networth with TradeSmart
Transaction Charges Compare Monarch Networth TradeSmart
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 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for monarch-networth-capital Complete Brokerage Plans for trade-smart-online
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Account Features

Compare Monarch Networth vs TradeSmart on Account Features

Compare Monarch Networth with TradeSmart 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 - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Monarch Networth offers a margin funding where TradeSmart doesn't offers margin funding. NRI Trading - Monarch Networth offers NRI where TradeSmart doesn't offers NRI Trading.

Account Features - Monarch Networth with TradeSmart
Account Features Compare Monarch Networth TradeSmart
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 Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes No
Other Features Trading software terminal: Fast trade NIL
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Trading Platform

Compare Monarch Networth vs TradeSmart on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Monarch Networth and TradeSmart. 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 TradeSmart
Trading Platform Compare Monarch Networth TradeSmart
Desktop Trading Platform FastTrade NEST Trader & Fox Trader
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.mnclgroup.com https://sine.tradesmartonline.in/userMaster/login
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App MNCL Mobile Trader Sine
Mobile Trading App Demo Info Not Available Sine Demo
Android Mobile App Yes Yes
Android App Download Andriod MNCL Mobile Trader Download Andriod Sine Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS MNCL Mobile Trader Download iOS Sine 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 TradeSmart
Futures Brokerage Calculator Futures Brokerage Calculator for Monarch Networth Futures Brokerage Calculator for TradeSmart
Options Brokerage Calculator Options Brokerage Calculator for Monarch Networth Options Brokerage Calculator for TradeSmart
Detail Detail on Trading Platforms for monarch-networth-capital Detail on Trading Platforms for trade-smart-online

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Broker Ratings by Users

Compare Monarch Networth vs TradeSmart on User Rating

  Monarch Networth TradeSmart
  12 Customer Reviews    Rate Monarch Networth 34 Customer Reviews    Rate TradeSmart
Fees Ratings 2.8 3.9
Trading Brokerage Rating 3.0 4.4
Trading Platform Usability 3.3 3.7
Customer Service Ratings 3.2 4.0
Overall Ratings 3.3 4.0
Broker Rating Monarch Networth is Rated 3.3 / 5 based on 12 customer reviews TradeSmart is Rated 4.0 / 5 based on 34 customer reviews
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Investment Offerings

Compare Monarch Networth vs TradeSmart on Investment Offerings

Compare Monarch Networth with TradeSmart 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 TradeSmart doesn't offer. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Monarch Networth with TradeSmart
Investment Offerings Compare Monarch Networth TradeSmart
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No No
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 NIL
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Order Types

Compare Monarch Networth vs TradeSmart on Order Types

Order Type - Compare Monarch Networth with TradeSmart 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) - TradeSmart provides Cover Orders (CO) where Monarch Networth doesn't offer,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) - TradeSmart 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- Both broker doesn't support Good Till Cancelled (GTC) orders.

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

Compare Monarch Networth vs TradeSmart on Customer Service

Compare Monarch Networth with TradeSmart 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 TradeSmart
Customer Service Compare Monarch Networth TradeSmart
24/7 Customer Service Monarch Networth vs TradeSmart - 24x7 customer support No No
Email Support Monarch Networth vs TradeSmart - Email Support Yes Yes
Onine Live Chat Monarch Networth vs TradeSmart - Onine Live Chat No Yes
Phone Support Monarch Networth vs TradeSmart - Phone Support Yes Yes
Toll Free Number Monarch Networth vs TradeSmart - Toll Free Number No No
Through Branches Monarch Networth vs TradeSmart - Through Branches Yes No
Customer Care Number Monarch Networth vs TradeSmart - Customer Care Number 022-43211800 /079-26666500 022 61208000
Account Opening Process Monarch Networth vs TradeSmart - Account Opening Process Info Not Available Online/Paperless
Customer Support Email Monarch Networth vs TradeSmart - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Monarch Networth vs TradeSmart - Knowledge Center/Education Info Not Available https://help.tradesmartonline.in/
Head Office Address Monarch Networth vs TradeSmart - Head Office Address/Corporate Address Info Not Available Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Website Monarch Networth vs TradeSmart - Company Website https://www.mnclgroup.com/ https://tradesmartonline.in/
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Tips/Research/Reports Published

Compare Monarch Networth vs TradeSmart on Research Reports, Tips

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

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

Compare Monarch Networth vs TradeSmart on Demat Account

Compare Monarch Networth with TradeSmart 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 TradeSmart is ₹300 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 TradeSmart is ₹25.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 TradeSmart
  Monarch Networth TradeSmart
DP Source CDSL CDSL
DP ID Monarch Networth vs TradeSmart - DP ID No 30400
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹300 pa
Advance Deposit NIL NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹25 or 0.025% (Whichever is higher) ₹25
Demat ₹5 per certificate (Min ₹40) + ₹45 courier charges ₹500 per certificate (Min ₹500 per request)
Remat ₹10 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹45 courier charges ₹500 per certificate (Min ₹500 per request)
Pledge Creation ₹50 per transaction ₹200 per script
₹50 for trading margin each side
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹25 per transaction ₹200 per script
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹25 per transaction ₹200 per script
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Monarch Networth vs TradeSmart on Special Offers and Promotion

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

Compare Monarch Networth vs TradeSmart on Special Offers and Promotion
  Monarch Networth TradeSmart
Pay In and Pay Out Options Monarch Networth vs TradeSmart - Pay In and Pay Out Options Info Not Available Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SIGN Mobile, SIGN Web and NEST Software.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Monarch Networth vs TradeSmart - Payout Time Info Not Available Up to 24 Hrs except Bank Holidays.
Bank Supported and Charges Monarch Networth vs TradeSmart - Bank Supported and Charges Info Not Available Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart trading platforms.
Bank Detail Info Not Available VNS Finance and Capital Services Ltd.,
Account Number:VNS095XXXXXXX
Bank and Branch: Yes Bank,CMS National Operating Centre MMR
Account Type: Current Account
IFSC Code: YESB0CMSNOC
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...

Check out the key advantages, reasons, or benefits on Why Choose TradeSmart For Stock Trading?

  • Trade in stocks, derivatives, currencies, and commodities.
  • Lowest brokerage: Trade at 15 flat brokerage fees.
  • Multiple trading platforms: SINE, TradeSmart App, Nest Trader, Fox Trader, etc.
  • Super-efficient Trade Smart Box integrated back office portal.
  • Tradetron Algo Trading with TradeSmart.
  • No minimum balance is required.
  • Instant UPI fund transfer.
  • Free of cost Swing API.
  • Apply for IPOs online using UPI.
  • Online Direct mutual fund investment at Rs.0 brokerage.
  • Online brokerage calculator to calculate trading cost upfront.
  • TradeSmart blogs, newsroom, and Knowledge hub for beginners to experts.
  • Advanced orders like bracket order (BO), cover order (CO), and after-market order (AMO).
  • Margin against shares (MAS) in your Demat account.
  • 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...

There are several disadvantages or limitations as well of trading with TradeSmart such as follows;

  • You cannot invest in SME IPOs.
  • TradeSmart App is only available on the Play Store.
  • NRIs cannot open a Demat and Trading account at Trade smart.
  • It does not provide trading tips, research, and portfolio management services.

Detail Review...

Special Offers/Promo Free Account Opening, Rs 400 Waived for a limited time.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

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