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Monarch Networth Vs Finvasia: 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 Finvasia ranges between Rs 0. Monarch Networth is a Full Service Broker where Finvasia is a Discount Broker. Monarch Networth is having overall lower rating compare to Finvasia. Monarch Networth is rated only 3 out of 5 where Finvasia is rated 4 out of 5. Number of active customer for Finvasia is 1,05,160 where number of active customer for Monarch Networth is 58,113. Finvasia is serving more customer compare to Monarch Networth.

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

  Monarch Networth Compare
Monarch Networth
Finvasia Compare
Finvasia
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 58,113 1,05,160
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. Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S...Know more about Finvasia
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Account Opening Charges and AMC

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

Comparison of Monarch Networth with Finvasia on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Finvasia offer Free AMC for Demat account where Monarch Networth charges Rs 225 PA AMC for Demat account.

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

Compare Monarch Networth vs Finvasia on Plan Options

Plans are the most important feature you look when compare Monarch Networth with Finvasia. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Monarch Networth with Finvasia on Plan Options
Plan Types Monarch Networth Finvasia
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

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Account Opening Request
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Brokerage Charges

Compare Monarch Networth vs Finvasia 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%.

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

Brokerage Charges - Compare Monarch Networth with Finvasia
Brokerage Charges Compare Monarch Networth Finvasia
Plan Name Basic Trading Plan (Percentage Based) Zero Brokerage Trading Plan
Equity Delivery 0.30% Rs 0
Equity Intraday 0.03% Rs 0
Equity Futures 0.03% Rs 0
Equity Options Rs 100 per lot Rs 0
Currency Futures 0.03% Rs 0
Currency Options Rs 100 per lot Rs 0
Commodity Trading Rs 100 per lot Rs 0
Minimum Brokerage NIL NA
Hidden Charges Info Not Available No
Funding Info Not Available Yes, 24% interest PA
Call & Trade Charges NA Free
Auto Square off Charges NA Free
Brokerage Calculator Brokerage Calculator for Monarch Networth Brokerage Calculator for Finvasia
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Share Broker's Transaction Charges

Compare Monarch Networth vs Finvasia on Transaction Charges

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

Transaction Charges - Compare Monarch Networth with Finvasia
Transaction Charges Compare Monarch Networth Finvasia
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 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for monarch-networth-capital Complete Brokerage Plans for finvasia
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Account Features

Compare Monarch Networth vs Finvasia on Account Features

Compare Monarch Networth with Finvasia 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 Finvasia doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

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

Compare Monarch Networth vs Finvasia on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Monarch Networth and Finvasia. 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 Finvasia
Trading Platform Compare Monarch Networth Finvasia
Desktop Trading Platform FastTrade OMNESYS NEST
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.mnclgroup.com https://trade.finvasia.com/
Web Trading Demo Info Not Available Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App MNCL Mobile Trader SCALPERT
Mobile Trading App Demo Info Not Available SCALPERT Demo
Android Mobile App Yes Yes
Android App Download Andriod MNCL Mobile Trader Download Andriod SCALPERT Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS MNCL Mobile Trader Download Info Not Available
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Info Not Available Basic platforms are free, advance platforms are chargeable.
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Monarch Networth Equity Intraday and Delivery Brokerage Calculator for Finvasia
Futures Brokerage Calculator Futures Brokerage Calculator for Monarch Networth Futures Brokerage Calculator for Finvasia
Options Brokerage Calculator Options Brokerage Calculator for Monarch Networth Options Brokerage Calculator for Finvasia
Detail Detail on Trading Platforms for monarch-networth-capital Detail on Trading Platforms for finvasia

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Broker Ratings by Users

Compare Monarch Networth vs Finvasia on User Rating

  Monarch Networth Finvasia
  12 Customer Reviews    Rate Monarch Networth 17 Customer Reviews    Rate Finvasia
Fees Ratings 2.8 4.3
Trading Brokerage Rating 3.0 4.6
Trading Platform Usability 3.3 4.0
Customer Service Ratings 3.2 3.5
Overall Ratings 3.3 4.2
Broker Rating Monarch Networth is Rated 3.3 / 5 based on 12 customer reviews Finvasia is Rated 4.2 / 5 based on 17 customer reviews
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Investment Offerings

Compare Monarch Networth vs Finvasia on Investment Offerings

Compare Monarch Networth with Finvasia 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 - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Monarch Networth with Finvasia
Investment Offerings Compare Monarch Networth Finvasia
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
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 Finvasia on Order Types

Order Type - Compare Monarch Networth with Finvasia 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) - Finvasia 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) - Finvasia 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 Finvasia
Order Type Compare Monarch Networth Finvasia
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 Finvasia on Customer Service

Compare Monarch Networth with Finvasia 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 Finvasia
Customer Service Compare Monarch Networth Finvasia
24/7 Customer Service Monarch Networth vs Finvasia - 24x7 customer support No No
Email Support Monarch Networth vs Finvasia - Email Support Yes Yes
Onine Live Chat Monarch Networth vs Finvasia - Onine Live Chat No Yes
Phone Support Monarch Networth vs Finvasia - Phone Support Yes Yes
Toll Free Number Monarch Networth vs Finvasia - Toll Free Number No No
Through Branches Monarch Networth vs Finvasia - Through Branches Yes No
Customer Care Number Monarch Networth vs Finvasia - Customer Care Number 022-43211800 /079-26666500 Support: +91 9779 097 777/Sales: +91 9098 001 001
Account Opening Process Monarch Networth vs Finvasia - Account Opening Process Info Not Available Online/Paperless
Customer Support Email Monarch Networth vs Finvasia - Customer Support Email [email protected] [email protected]/[email protected]
Knowledge Center/Education Monarch Networth vs Finvasia - Knowledge Center/Education Info Not Available https://finvasia.com/announcements
Head Office Address Monarch Networth vs Finvasia - Head Office Address/Corporate Address Info Not Available Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Website Monarch Networth vs Finvasia - Company Website https://www.mnclgroup.com/ https://www.finvasia.com/
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Tips/Research/Reports Published

Compare Monarch Networth vs Finvasia on Research Reports, Tips

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

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

Compare Monarch Networth vs Finvasia on Demat Account

Compare Monarch Networth with Finvasia 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 Finvasia is Free where for Monarch Networth is ₹500 pa. Finvasia is a better choice in terms of Demat AMC compare to Monarch Networth.

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 Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every transaction.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 Finvasia
  Monarch Networth Finvasia
DP Source CDSL CDSL
DP ID Monarch Networth vs Finvasia - DP ID No 84300
Demat Account Annual Maintenance Charges(AMC) ₹500 pa Free
Advance Deposit NIL Rs 0
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹25 or 0.025% (Whichever is higher) ₹9 + ₹5.50 (CDSL Charges) for every transaction
Demat ₹5 per certificate (Min ₹40) + ₹45 courier charges ₹15 per certificate
Remat ₹10 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹45 courier charges ₹15 for every hundred securities + CDSL Charges
Pledge Creation ₹50 per transaction ₹25 per transaction
Pledge Creation Confirmation Nil NIL
Pledge Closure ₹25 per transaction ₹25 per transaction
Pledge Closure Confirmation Nil NIL
Pledge Invocation ₹25 per transaction ₹19 per transaction
Failed Instruction Charges Nil ₹49
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Monarch Networth vs Finvasia on Special Offers and Promotion

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

Compare Monarch Networth vs Finvasia on Special Offers and Promotion
  Monarch Networth Finvasia
Pay In and Pay Out Options Monarch Networth vs Finvasia - Pay In and Pay Out Options Info Not Available Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through bank transfer only.
Payout Time Monarch Networth vs Finvasia - Payout Time Info Not Available Up to 24 hrs except for bank holidays.
Bank Supported and Charges Monarch Networth vs Finvasia - Bank Supported and Charges Info Not Available Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms.
Bank Detail Info Not Available FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
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...

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP 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...

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading.
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Last Updated on 2023-08-27T23:54:07+00:00