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Monarch Networth Vs Dhan: 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 Dhan ranges between Rs 20. Monarch Networth is a Full Service Broker where Dhan is a Discount Broker. Overall rating for both the brokers are equal with rating 3 out of 5. Number of active customer for Dhan is 4,69,961 where number of active customer for Monarch Networth is 57,815. Dhan is serving more customer compare to Monarch Networth.

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

	Monarch Networth	Dhan
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Full Service Broker	Discount Broker
Exchanges Supported	BSE, NSE, MCX, NCDEX	BSE, NSE, MCX
Active Clients	57,815	4,69,961
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.	Open a free Dhan Demat and trading account and start trading at just Rs 20 brokerage on the lightning and superfast Dhan App, web, and Options Trader platform. It is the first broker to provide a dedicated options trading platform and allow Direct tr...
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Account Opening Charges and AMC

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

Comparison of Monarch Networth with Dhan on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Dhan 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 Dhan

Charges	Monarch Networth	Dhan
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

About Brokerage Plans

Compare Monarch Networth vs Dhan on Plan Options

Plans are the most important feature you look when compare Monarch Networth with Dhan. 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 Dhan on Plan Options

Plan Types	Monarch Networth	Dhan
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare Monarch Networth vs Dhan 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%.

Dhan Brokerage Plan detail - Dhan has a fixed Rs 20 brokerage plan that charges you a maximum of Rs 20 per order brokerage fee on trading in equity, derivatives, commodity, and currency. However, it provides free equity delivery at zero charges.

Share Broker's Transaction Charges

Compare Monarch Networth vs Dhan on Transaction Charges

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

Account Features

Compare Monarch Networth vs Dhan on Account Features

Compare Monarch Networth with Dhan 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 - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Monarch Networth offers NRI where Dhan doesn't offers NRI Trading.

Account Features - Monarch Networth with Dhan

Account Features Compare	Monarch Networth	Dhan
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:15PM	3:20 PM
NRI Trading
Other Features	Trading software terminal: Fast trade	NIL

Trading Platform

Compare Monarch Networth vs Dhan on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Monarch Networth and Dhan. 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 Dhan

Trading Platform Compare	Monarch Networth	Dhan
Desktop Trading Platform	FastTrade	Dhan App, Web, Options Trader
Desktop Demo	Info Not Available	Desktop Demo
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail	https://trade.mnclgroup.com	https://web.dhan.co/
Web Trading Demo	Info Not Available	Web Trading Demo
Mobile Site
Mobile Trading
Mobile Trading App	MNCL Mobile Trader	Dhan App
Mobile Trading App Demo	Info Not Available	Dhan App Demo
Android Mobile App
Android App Download	Andriod MNCL Mobile Trader Download	Andriod Dhan App Download
iPhone Mobile App (IOS)
iOS App Download	iOS MNCL Mobile Trader Download	iOS Dhan App Download
Android Tablet App
iPad App (IOS)
Trading Software Charges	Info Not Available	Free
Equity Brokerage Calculator	Equity Intraday and Delivery Brokerage Calculator for Monarch Networth	Equity Intraday and Delivery Brokerage Calculator for Dhan
Futures Brokerage Calculator	Futures Brokerage Calculator for Monarch Networth	Futures Brokerage Calculator for Dhan
Options Brokerage Calculator	Options Brokerage Calculator for Monarch Networth	Options Brokerage Calculator for Dhan
Detail	Detail on Trading Platforms for monarch-networth-capital	Detail on Trading Platforms for dhan

Broker Ratings by Users

Compare Monarch Networth vs Dhan on User Rating

	Monarch Networth	Dhan
	12 Customer Reviews	12 Customer Reviews
Fees Ratings	2.8	2.8
Trading Brokerage Rating	3.0	3.6
Trading Platform Usability	3.3	3.2
Customer Service Ratings	3.2	2.8
Overall Ratings	3.3	3.3
Broker Rating	Monarch Networth is Rated 3.3 / 5 based on 12 customer reviews	Dhan is Rated 3.3 / 5 based on 12 customer reviews

Investment Offerings

Compare Monarch Networth vs Dhan on Investment Offerings

Compare Monarch Networth with Dhan 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 - Monarch Networth offers online mutual fund investment option where Dhan doesn't offer. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Monarch Networth with Dhan

Investment Offerings Compare	Monarch Networth	Dhan
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	Health Plan, General Insurance	NIL

Order Types

Compare Monarch Networth vs Dhan on Order Types

Order Type - Compare Monarch Networth with Dhan 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) - Dhan 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) - Dhan 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- Dhan offers Good Till Cancelled (GTC) orders where Monarch Networth doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Monarch Networth with Dhan

Order Type Compare	Monarch Networth	Dhan
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare Monarch Networth vs Dhan on Customer Service

Compare Monarch Networth with Dhan 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 Dhan

Customer Service Compare	Monarch Networth	Dhan
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	022-43211800 /079-26666500	022-48906273
Account Opening Process	Info Not Available	Zero
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	Info Not Available	https://knowledge.dhan.co/support/home
Head Office Address	Info Not Available	302, Western Edge l, Off Western Express Highway, Borivali East, Mumbai - 400066, Maharashtra, India.
Website	https://www.mnclgroup.com/	https://dhan.co/

Tips/Research/Reports Published

Compare Monarch Networth vs Dhan on Research Reports, Tips

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

Research Reports - Compare Monarch Networth with Dhan

	Monarch Networth	Dhan
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare Monarch Networth vs Dhan on Demat Account

Compare Monarch Networth with Dhan 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 Dhan is Zero where for Monarch Networth is ₹500 pa.

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 Dhan is ₹12.5 per 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 Dhan

	Monarch Networth	Dhan
DP Source	CDSL	CDSL
DP ID	No	289-2016
Demat Account Annual Maintenance Charges(AMC)	₹500 pa	Zero
Advance Deposit	NIL	Nil
Statutory charges	Nil	Nil
Transaction Charges on Debit (Per ISIN)	₹25 or 0.025% (Whichever is higher)	₹12.5 per transaction
Demat	₹5 per certificate (Min ₹40) + ₹45 courier charges	₹250 per certificate + courier charges
Remat	₹10 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹45 courier charges	₹250 per certificate + courier charges
Pledge Creation	₹50 per transaction	₹12.5 per transaction
Pledge Creation Confirmation	Nil	Nil
Pledge Closure	₹25 per transaction	₹12.5 per transaction
Pledge Closure Confirmation	Nil	Nil
Pledge Invocation	₹25 per transaction	₹12.5 per transaction
Failed Instruction Charges	Nil	Nil
Other Charges	Nil	Nil

Special Offers,Advantages,Disadvantages

Compare Monarch Networth vs Dhan on Special Offers and Promotion

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

Compare Monarch Networth vs Dhan on Special Offers and Promotion

	Monarch Networth	Dhan
Pay In and Pay Out Options	Info Not Available	UPI, Net banking, and Smart Fund Transfer using NEFT, RTGS, and IMPS
Payout Time	Info Not Available	Fast withdrawal with IMPS, NEFT Withdrawal
Bank Supported and Charges	Info Not Available
Bank Detail	Info Not Available
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 account opening fees. No brokerage fees for investing in stocks, IPO, and ETF. Rs 20 competitive brokerage plan. TradingView charting platform. Lightning, fast, and user-friendly Dhan app and web platform. Powerful options trader app and web platform for F&O traders. Instant withdrawal of funds to your bank account in just a few minutes. Margin trading facility. Start daily, weekly and monthly SIP in stocks and ETFs. After-market order (AMO), Basket order, Bracket order (BO), Cover order (CO) and Forever order. 50% brokerage discount to women traders and investors. 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...	You cannot invest in mutual funds and sovereign gold bonds. No installable trading terminal. High fees for call & trade services. Does not offer stock market trading tips, equity research & advisory. You cannot open a 3-in-1 account in Dhan. NRIs cannot open Dhan trading and demat accounts. Detail Review...
Special Offers/Promo
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