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 2022 including demat & trading account opening fees, brokerage charges, features of MNCL trading platforms, and pros & cons uncovered.
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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 15|
|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 15 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 15 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 15 whichever is lower|
|Equity Options||Rs 100 per lot||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 15 per order|
|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.
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.
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.
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;
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 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.
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.
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.
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.
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: 2022-11-03
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Free Delivery for Lifetime
Flat ₹15 Per Trade in F&O
Rs 0 Demat AMC
FREE Account Opening (
Trade at Flat ₹20 per Trade Pay-as-you-go Demat AMC
Flat ₹20 Per Trade
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