Monarch Networth Review 2023

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Monarch Networth Brokerage Plan, Fees and Charges

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.

Monarch Networth Brokerage Plan with closest competitors

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
Rating

Type of Account offered by Monarch Networth

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.

Monarch Networth Demat & Trading Account

• Being a DP with CDSL and NSDL, Monarch Networth facilitates resident customers to open a Demat cum trading account online. The trading account enables you to place buy and sell orders in equity, futures & options, commodities, and currencies segment. Customers will also have access to other financial products like mutual funds, Bond & FDs, general insurance, life insurance, and alternate investment funds.
• Does Monarch Networth Demat Account free? Yes, open a free Demat account at NIL charges. It not just provides an online trading platform but also offers free access to research reports including equity reports, institutional research, and commodity & currency reports.

Monarch Networth Global Investment Account

• Now invest in top US companies like Facebook, Alphabet, Apple, Netflix, and any other company to diversify your portfolio and create wealth. Open a global investment account digitally via completing KYC and start buying and selling US stocks and ETFs. Investing in the US market with Monarch Networth is as easy & simple as investing in the Indian market with a completely paperless investment process.

How to open Monarch Networth Account online?

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.

Steps to open Monarch Networth Trading & Demat Account;

1. Simply visit the broker’s website and click on the “Open an Account” tab on the top.
2. Provide basic details like Name, PAN number, mobile number, and email.
3. Verify mobile number with OTP.
4. Fill in the required details as enquired.
5. Upload a few sets of scanned documents for KYC verification.
6. Digitally signs the document using aadhaar details.
7. Once information is validated by customer service executives, an online demat & trading account will be activated soon and an email will be sent to the respective email address.

Monarch Networth Mobile App and Trading Platforms

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;

Monarch Mobile Trader App

• Trade anytime anywhere in equities, derivatives, commodities, and currencies on the Monarch Networth Mobile Trader App. MNCL App is backed by basic useful features like creating multiple customizable watchlists, dashboard view, market scanner for stock analysis, simplified order placement, access to order book, trade book, and positions, live recommendation calls, secure fund transfer, intraday charts, and set alerts. The application is compatible to download on Android and iOS operating system devices.

MMT2 Mobile Trading App

• MMT2 is another app by Monarch Network to facilitate online trading with prominent features like customizable price view, Top 5 window (buy and sell order & quantity), live trade report and order book, holding reports, holdings price view, Index-based most active, top gainer, and top loser data, detailed transaction history report, and many more.

Monarch Networth Web Trading Platform

• Trade on web through any supported web browser including Mozilla Firefox, Chrome, Internet Explorer, or Safari. The Express 5 web trading platform enables you to trade across multiple segments on BSE, NSE, and MCX.

MNCL Mutual Fund

• Monarch Networth offers free mutual funds investment facility on the MNCL Mutual Funds app on Android and iOS smartphone devices. The self-onboarding process on the app allows investors to buy and sell mutual fund schemes and track portfolios anytime online. You can either start SIP or invest a fixed lumpsum money in your favorite scheme. The app also provides recommended scheme baskets, top schemes, and tools like the SIP calculator, lumpsum calculator, etc.

MNCL Backoffice

• Monarch Networth has introduced a smart Back office app called MNCL Backoffice app. The app is a convenient way to keep yourself updated with the live market, view your trade history, holdings, ledger balance, net positions, and get your statement of accounts at your fingertips.

For detail review of mobile app and download please visit Monarch Networth Trading Platform Review.

Monarch Networth Trading Pros

• 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.

Monarch Networth Trading Cons

• 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.

Monarch Networth Customer Care info

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.

• Monarch Networth Customer Care Phone Number: 022-43211800 /079-26666500
• Monarch Networth Customer Support Email: [email protected]
• Monarch Networth Knowledge Center:

Final thought about Monarch Networth

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.

Monarch Networth Capital Ltd User Reviews