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Monarch Networth Vs Bonanza Portfolio: 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 ranges between 0.03% to 0.30% while the brokerage of Bonanza Portfolio ranges between Rs 18 flat brokerage. Both the brokers are Full Service brokers. Monarch Networth is having overall lower rating compare to Bonanza Portfolio. Monarch Networth is rated only 3 out of 5 where Bonanza Portfolio is rated 3.5 out of 5. Number of active customer for Monarch Networth is 58,113 where number of active customer for Bonanza Portfolio is 53,588. Monarch Networth is serving more customer compare to Bonanza Portfolio.

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

  Monarch Networth Compare
Monarch Networth
Bonanza Portfolio Compare
Bonanza Portfolio
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE, MCX
Active Clients 58,113 53,588
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 an account with Bonanza Portfolio full-service broking house to trade and invest across multiple asset classes at flat discount brokerage rates at Rs 18/order on the advanced trading platforms, and get trading tips, research, and PMS services.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Monarch Networth vs Bonanza Portfolio on Trading & Demat Account Opening Charges

Comparison of Monarch Networth with Bonanza Portfolio on trading & demat account opening charges and AMC. Trading account opening charges - Monarch Networth offer Free account opening where Bonanza Portfolio charges Rs 999 for account opening. Demat AMC charges - Bonanza Portfolio 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 Bonanza Portfolio
Charges Monarch Networth Bonanza Portfolio
Trading Account Opening Fees Free Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 225 PA Free
Provide DP Service Yes No
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About Brokerage Plans

Compare Monarch Networth vs Bonanza Portfolio on Plan Options

Plans are the most important feature you look when compare Monarch Networth with Bonanza Portfolio. This section compare on high level about type of plans offered by brokers. Multiple Plans - Bonanza Portfolio provides Multiple Plans where Monarch Networth doesn't offer. Monthly Plans - Bonanza Portfolio provides Monthly Plans where Monarch Networth doesn't offer

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

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Monarch Networth vs Bonanza Portfolio 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%.

Bonanza Portfolio Brokerage Plan detail - This is a flat brokerage plan of Rs 18 to be charged irrespective of the trade vale and/or Lot size

Brokerage Charges - Compare Monarch Networth with Bonanza Portfolio
Brokerage Charges Compare Monarch Networth Bonanza Portfolio
Plan Name Basic Trading Plan (Percentage Based) My E Trade - Flat Rs 18 Brokerage Trading Plan
Equity Delivery 0.30% Flat Fee Rs 18
Equity Intraday 0.03% Flat Fee Rs 18
Equity Futures 0.03% Flat Fee Rs 18
Equity Options Rs 100 per lot Flat Fee Rs 18
Currency Futures 0.03% Flat Fee Rs 18
Currency Options Rs 100 per lot Flat Fee Rs 18
Commodity Trading Rs 100 per lot Flat Fee Rs 18
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges NA NA
Auto Square off Charges NA NA
Brokerage Calculator Brokerage Calculator for Monarch Networth Brokerage Calculator for Bonanza Portfolio
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Share Broker's Transaction Charges

Compare Monarch Networth vs Bonanza Portfolio on Transaction Charges

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

Transaction Charges - Compare Monarch Networth with Bonanza Portfolio
Transaction Charges Compare Monarch Networth Bonanza Portfolio
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 bonanza-portfolio
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Account Features

Compare Monarch Networth vs Bonanza Portfolio on Account Features

Compare Monarch Networth with Bonanza Portfolio 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 - Monarch Networth offers Algo Trading where Bonanza Portfolio doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

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

Compare Monarch Networth vs Bonanza Portfolio on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Monarch Networth and Bonanza Portfolio. 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 Bonanza Portfolio
Trading Platform Compare Monarch Networth Bonanza Portfolio
Desktop Trading Platform FastTrade E-Trade(NestTrader)
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 Aero Web Trading Platform
Web Trading Demo Info Not Available Info Not Available
Mobile Site No No
Mobile Trading Yes Yes
Mobile Trading App MNCL Mobile Trader Bonanza WAVE MyEtrade
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod MNCL Mobile Trader Download Andriod Bonanza WAVE MyEtrade Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS MNCL Mobile Trader Download iOS Bonanza WAVE MyEtrade Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Info Not Available Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Monarch Networth Equity Intraday and Delivery Brokerage Calculator for Bonanza Portfolio
Futures Brokerage Calculator Futures Brokerage Calculator for Monarch Networth Futures Brokerage Calculator for Bonanza Portfolio
Options Brokerage Calculator Options Brokerage Calculator for Monarch Networth Options Brokerage Calculator for Bonanza Portfolio
Detail Detail on Trading Platforms for monarch-networth-capital Detail on Trading Platforms for bonanza-portfolio

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Broker Ratings by Users

Compare Monarch Networth vs Bonanza Portfolio on User Rating

  Monarch Networth Bonanza Portfolio
  12 Customer Reviews    Rate Monarch Networth 3 Customer Reviews    Rate Bonanza Portfolio
Fees Ratings 2.8 4.7
Trading Brokerage Rating 3.0 4.7
Trading Platform Usability 3.3 5.0
Customer Service Ratings 3.2 4.3
Overall Ratings 3.3 4.7
Broker Rating Monarch Networth is Rated 3.3 / 5 based on 12 customer reviews Bonanza Portfolio is Rated 4.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare Monarch Networth vs Bonanza Portfolio on Investment Offerings

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

Order Type - Compare Monarch Networth with Bonanza Portfolio 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) - Both broker don't have Cover Orders (CO).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) - Both broker don't have Bracket Orders (BO).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- Bonanza Portfolio offers Good Till Cancelled (GTC) orders where Monarch Networth doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Monarch Networth with Bonanza Portfolio
Order Type Compare Monarch Networth Bonanza Portfolio
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No No
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No Yes
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Customer Service Offered

Compare Monarch Networth vs Bonanza Portfolio on Customer Service

Compare Monarch Networth with Bonanza Portfolio 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 Bonanza Portfolio
Customer Service Compare Monarch Networth Bonanza Portfolio
24/7 Customer Service Monarch Networth vs Bonanza Portfolio - 24x7 customer support No No
Email Support Monarch Networth vs Bonanza Portfolio - Email Support Yes Yes
Onine Live Chat Monarch Networth vs Bonanza Portfolio - Onine Live Chat No Yes
Phone Support Monarch Networth vs Bonanza Portfolio - Phone Support Yes Yes
Toll Free Number Monarch Networth vs Bonanza Portfolio - Toll Free Number No No
Through Branches Monarch Networth vs Bonanza Portfolio - Through Branches Yes Yes
Customer Care Number Monarch Networth vs Bonanza Portfolio - Customer Care Number 022-43211800 /079-26666500 022-68363775 | 022-68363739 | 022-68363708
Account Opening Process Monarch Networth vs Bonanza Portfolio - Account Opening Process Info Not Available Info Not Available
Customer Support Email Monarch Networth vs Bonanza Portfolio - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Monarch Networth vs Bonanza Portfolio - Knowledge Center/Education Info Not Available https://www.bonanzaonline.com/blog/
Head Office Address Monarch Networth vs Bonanza Portfolio - Head Office Address/Corporate Address Info Not Available Info Not Available
Website Monarch Networth vs Bonanza Portfolio - Company Website https://www.mnclgroup.com/ https://www.bonanzaonline.com/
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Tips/Research/Reports Published

Compare Monarch Networth vs Bonanza Portfolio on Research Reports, Tips

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

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

Compare Monarch Networth vs Bonanza Portfolio on Demat Account

Compare Monarch Networth with Bonanza Portfolio 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 Bonanza Portfolio is ₹250 pa 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 Bonanza Portfolio is ₹12 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 Bonanza Portfolio
  Monarch Networth Bonanza Portfolio
DP Source CDSL CDSL
DP ID Monarch Networth vs Bonanza Portfolio - DP ID No No
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹250 pa
Advance Deposit NIL NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹25 or 0.025% (Whichever is higher) ₹12 per transaction
Demat ₹5 per certificate (Min ₹40) + ₹45 courier charges ₹3 per certificate + ₹50 courier charges
Remat ₹10 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹45 courier charges ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹50 courier charges
Pledge Creation ₹50 per transaction 0.01% of transaction value (Min ₹100)
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹25 per transaction Nil
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹25 per transaction Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Monarch Networth vs Bonanza Portfolio on Special Offers and Promotion

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

Compare Monarch Networth vs Bonanza Portfolio on Special Offers and Promotion
  Monarch Networth Bonanza Portfolio
Pay In and Pay Out Options Monarch Networth vs Bonanza Portfolio - Pay In and Pay Out Options Info Not Available Info Not Available
Payout Time Monarch Networth vs Bonanza Portfolio - Payout Time Info Not Available Info Not Available
Bank Supported and Charges Monarch Networth vs Bonanza Portfolio - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available 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...

  • A complete spectrum of trading and investing products.
  • MyEtrade trading platform.
  • Competitive brokerage at Rs 18 per executed order.
  • Advanced intraday & historical charts.
  • Select Advantage, a bucket of quality stocks curated by the Bonanza research team.
  • Trading tips, positional calls, investment ideas, and mutual fund research.
  • Facilitates NRI trading.
  • Place after-market order (AMO).
  • Dedicated RMs and helpdesk.

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...

  • Does not provide bracket order (BO) and cover order (CO) facility.
  • No 3-in-1 account opening facility.
  • No GTT order.

Detail Review...

Special Offers/Promo
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Last Updated on 2023-08-27T23:54:07+00:00