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Monarch Networth Review 2023

Rated 3/5 by InvestorGain Team
Last updated on: 28-Aug-2023
Monarch Networth Capital Ltd Review
  1. Ranked #1 Broker in India
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

Monarch Networth Review 2023 - Quick Summary

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 Top Highlight for 2023

  • One-stop broker for all trading and investing products.
  • Free Demat account opening.
  • Flexible brokerage plans.
  • A host of feature-rich trading platforms.
  • Invest in US-based companies.
  • Research: Stock tips, fundamental research reports, etc.

About Monarch Networth

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.

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  • Free Delivery Trading
  • Max Rs. 20 per order brokerage on intraday,F&O,Commodities and Currency
  • Free Direct Mutual Funds and IPO Investment
  • Kite & Coin - Number one Trading platform and Mobile App

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Monarch Networth Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

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 Account Opening Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Rs 225 PA

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

Other Charges

  • Call & Trade Charges: NA
  • RMS Auto Square Off Charges: NA
  • Hidden Charges: NA

For complete brokerage charges and trading plans detail please visit Monarch Networth Brokerage Charges.

Please refer unique and accurate Monarch Networth Brokerage Calculator

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.
  1. Free Demat Account
  2. 100% Free Delivery Trade
  3. Online Account Opening

Alternatives to Monarch Networth

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Monarch Networth Mobile App and Trading Platforms

Trading Platforms Rated 3/5

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

Rated 3/5 by 12 users

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.

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Last updated on: 2023-08-27

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