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.
Monarch Networth Capital Ltd (MNCL) is formed by the merger of two leading financial service providers including Monarch Group of Companies and Networth Stock Broking Ltd. It is one of the leading full-service brokerage houses backed by 2 decades of experience.
The broker being an active member of BSE, NSE, MCX, NCDEX, CDSL, NSDL, and a SEBI registered research analyst, MNCL offers an entire gamut of financial services including equity, derivatives, commodities, currencies, IPO, mutual funds, insurance, and merchant banking services.
Keeping a client-first approach, the broker continuously strives to scale and upgrade technology by providing multiple types of online platforms including the MNCL Mobile Trader App and web trading platform.
The team of researchers at Monarch Networth provides research reports to customers including equity research (Morning, weekly, and special reports), commodity & currency research, and institutional research (Stock ideas, Thematic reports, and updates).
MNCL has a fabulous offline presence with 71 branch offices countrywide and 376+ business associates. The network of branches and sub-brokers are present in more than 221 cities across 20 states of India. Online customer support is provided via helpline number and telephonic assistance.
Read out the complete Monarch Networth Capital Review 2023 including demat & trading account opening fees, brokerage charges, features of MNCL trading platforms, and pros & cons uncovered.
Current promotion offer from Zerodha for InvestorGain Visitors:
Monarch Networth charges percentage-based brokerage fee from clients on online trading across segments. It charges 0.30% brokerage on delivery trading, 0.03% on intraday and futures trading, and options trading is charged at Rs 100 per lot basis.
|Trading Account Opening Charges:||Free|
|Trading Account AMC:||Free|
|Demat Account Opening Charges:||Free|
|Demat Account AMC:||Rs 225 PA|
Here we are comparing Monarch Networth with its 5 close competitors, who are currently market leader in brokerage industry.
|Broker||Monarch Networth||5paisa||Zerodha||Upstox||Paytm Money|
|Service Type||Full Service Broker||Discount Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||0.03% to 0.30%||Rs 20||Rs 20||Rs 20||Rs 20|
|Account Type||2 in 1||2 in 1||3 in 1||3 in 1||2 in 1|
|Equity Delivery||0.30%||Flat Fee Rs 20||Free||2.5% or Rs 20 whichever is lower||2.5% or Rs 20 whichever is lower|
|Equity Intraday||0.03%||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower|
|Equity Futures||0.03%||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||Rs 100 per lot||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||Rs 100 per lot||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
|Currency Futures||0.03%||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||NA|
|Currency Options||Rs 100 per lot||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
The full-service broking firm only facilitates online trading services to Indian residents. They can open a 2-in-1 account, trading and demat account with the broker online to trade on BSE, NSE, and MCX and invest in other products.
Open an account with Monarch Networth instantly in just 5 minutes following the digital ekyc onboarding process. All you need is a certain set of documents along with your aadhaar card must be linked with your mobile number.
Monarch Networth offers multiple platforms to users to provide them the flexibility to trade across devices. Customers are free to trade on any platform as per their choices. Let’s check out the detailed features of each of the trading platforms hereunder;
For detail review of mobile app and download please visit Monarch Networth Trading Platform Review.
Customer service is available across a number of communication channels including helpline email, telephonic number, web chat, and toll-free number. It also has a strong offline branch network leverage with 71 branches and 376+ sub-brokers and associates in 221 cities across 20 states of India.
Going through the entire review, it is clearly evident that Monarch Networth with over 2 decades of experience is one of the leading full-service broking houses in India with plenty of financial products & services, a variety of trading platforms lots of advanced features, competitive brokerage rates, and research reports across segments. All these aspects make Monarch Networth a recommended broker on the list.
Last updated on: 2023-08-27
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