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Monarch Networth Vs Fyers: 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 Fyers ranges between Rs 20. Monarch Networth is a Full Service Broker where Fyers is a Discount Broker. Monarch Networth is having overall lower rating compare to Fyers. Monarch Networth is rated only 3 out of 5 where Fyers is rated 4 out of 5. Number of active customer for Fyers is 2,19,169 where number of active customer for Monarch Networth is 58,113. Fyers is serving more customer compare to Monarch Networth.

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

  Monarch Networth Compare
Monarch Networth
Fyers Compare
Fyers
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
Active Clients 58,113 2,19,169
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. Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i...Know more about Fyers
Broker Enquiry Request call back from Zerodha Request call back from Fyers
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Account Opening Charges and AMC

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

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

Plans are the most important feature you look when compare Monarch Networth with Fyers. 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 Fyers on Plan Options
Plan Types Monarch Networth Fyers
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Fyers
Account Opening Request
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Brokerage Charges

Compare Monarch Networth vs Fyers 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%.

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

Brokerage Charges - Compare Monarch Networth with Fyers
Brokerage Charges Compare Monarch Networth Fyers
Plan Name Basic Trading Plan (Percentage Based) Max Rs 20 Per Order Trading Plan
Equity Delivery 0.30% Free
Equity Intraday 0.03% 0.03% or Rs 20 whichever is lower
Equity Futures 0.03% 0.03% or Rs 20 whichever is lower
Equity Options Rs 100 per lot Flat Fee Rs 20
Currency Futures 0.03% 0.03% or Rs 20 whichever is lower
Currency Options Rs 100 per lot Flat Fee Rs 20
Commodity Trading Rs 100 per lot Flat Fee Rs 20
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available No
Funding Info Not Available No
Call & Trade Charges NA Rs 50 Per Order
Auto Square off Charges NA Rs 50 Per Order
Brokerage Calculator Brokerage Calculator for Monarch Networth Brokerage Calculator for Fyers
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Share Broker's Transaction Charges

Compare Monarch Networth vs Fyers on Transaction Charges

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

Transaction Charges - Compare Monarch Networth with Fyers
Transaction Charges Compare Monarch Networth Fyers
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 NA
Brokerage Charges Complete Brokerage Plans for monarch-networth-capital Complete Brokerage Plans for fyers
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Account Features

Compare Monarch Networth vs Fyers on Account Features

Compare Monarch Networth with Fyers 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 Fyers doesn't offers margin funding. NRI Trading - Monarch Networth offers NRI where Fyers doesn't offers NRI Trading.

Account Features - Monarch Networth with Fyers
Account Features Compare Monarch Networth Fyers
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 No
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 No
Other Features Trading software terminal: Fast trade Fyers 30 Day Challenge
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Trading Platform

Compare Monarch Networth vs Fyers on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Monarch Networth and Fyers. 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 Fyers
Trading Platform Compare Monarch Networth Fyers
Desktop Trading Platform FastTrade Fyers One
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.mnclgroup.com Fyers Web
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No No
Mobile Trading Yes Yes
Mobile Trading App MNCL Mobile Trader Fyers 2.0 Mobile App
Mobile Trading App Demo Info Not Available Fyers 2.0 Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod MNCL Mobile Trader Download Andriod Fyers 2.0 Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS MNCL Mobile Trader Download iOS Fyers 2.0 Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
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 Fyers
Futures Brokerage Calculator Futures Brokerage Calculator for Monarch Networth Futures Brokerage Calculator for Fyers
Options Brokerage Calculator Options Brokerage Calculator for Monarch Networth Options Brokerage Calculator for Fyers
Detail Detail on Trading Platforms for monarch-networth-capital Detail on Trading Platforms for fyers

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Broker Ratings by Users

Compare Monarch Networth vs Fyers on User Rating

  Monarch Networth Fyers
  12 Customer Reviews    Rate Monarch Networth 10 Customer Reviews    Rate Fyers
Fees Ratings 2.8 3.5
Trading Brokerage Rating 3.0 3.6
Trading Platform Usability 3.3 3.6
Customer Service Ratings 3.2 3.4
Overall Ratings 3.3 3.2
Broker Rating Monarch Networth is Rated 3.3 / 5 based on 12 customer reviews Fyers is Rated 3.2 / 5 based on 10 customer reviews
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Investment Offerings

Compare Monarch Networth vs Fyers on Investment Offerings

Compare Monarch Networth with Fyers 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 Fyers
Investment Offerings Compare Monarch Networth Fyers
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 No
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 Fyers on Order Types

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

Order Types - Compare Monarch Networth with Fyers
Order Type Compare Monarch Networth Fyers
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 Yes
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Customer Service Offered

Compare Monarch Networth vs Fyers on Customer Service

Compare Monarch Networth with Fyers 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 Fyers
Customer Service Compare Monarch Networth Fyers
24/7 Customer Service Monarch Networth vs Fyers - 24x7 customer support No No
Email Support Monarch Networth vs Fyers - Email Support Yes Yes
Onine Live Chat Monarch Networth vs Fyers - Onine Live Chat No No
Phone Support Monarch Networth vs Fyers - Phone Support Yes Yes
Toll Free Number Monarch Networth vs Fyers - Toll Free Number No No
Through Branches Monarch Networth vs Fyers - Through Branches Yes No
Customer Care Number Monarch Networth vs Fyers - Customer Care Number 022-43211800 /079-26666500 08060001111
Account Opening Process Monarch Networth vs Fyers - Account Opening Process Info Not Available 100% online and paperless proc
Customer Support Email Monarch Networth vs Fyers - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Monarch Networth vs Fyers - Knowledge Center/Education Info Not Available https://fyers.in/school-of-stocks/
Head Office Address Monarch Networth vs Fyers - Head Office Address/Corporate Address Info Not Available Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Website Monarch Networth vs Fyers - Company Website https://www.mnclgroup.com/ https://fyers.in/
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Tips/Research/Reports Published

Compare Monarch Networth vs Fyers on Research Reports, Tips

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

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

Compare Monarch Networth vs Fyers on Demat Account

Compare Monarch Networth with Fyers 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 Fyers is Free where for Monarch Networth is ₹500 pa. Fyers 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 Fyers is ₹7 + ₹5.50 (CDSL Charges) 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 Fyers
  Monarch Networth Fyers
DP Source CDSL CDSL
DP ID Monarch Networth vs Fyers - DP ID No 432-2019
Demat Account Annual Maintenance Charges(AMC) ₹500 pa Free
Advance Deposit NIL Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹25 or 0.025% (Whichever is higher) ₹7 + ₹5.50 (CDSL Charges) per transaction
Demat ₹5 per certificate (Min ₹40) + ₹45 courier charges ₹0
Remat ₹10 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹45 courier charges ₹0
Pledge Creation ₹50 per transaction Nil
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 Stamp Charges ₹50,
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Special Offers,Advantages,Disadvantages

Compare Monarch Networth vs Fyers on Special Offers and Promotion

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

Compare Monarch Networth vs Fyers on Special Offers and Promotion
  Monarch Networth Fyers
Pay In and Pay Out Options Monarch Networth vs Fyers - Pay In and Pay Out Options Info Not Available Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Monarch Networth vs Fyers - Payout Time Info Not Available Up to 24 Hrs except for Bank Holidays.
Bank Supported and Charges Monarch Networth vs Fyers - Bank Supported and Charges Info Not Available 24+ banks connected via payment gateway, Free pay in and Free Pay Out.
Bank Detail Info Not Available Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
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...

  • Trade on BSE, NSE, and MCX
  • Free stocks and mutual funds investment
  • Rs 20 fixed brokerage on all segments
  • Invest in IPOs, OFS, SGBs, G-secs, and T-bills
  • Cheapest Rs 50/order brokerage on NRI trading
  • User-friendly mobile app and website for investors
  • Fyers Next and Fyers One high-speed trading terminal for traders
  • Fyers Thematic Investing: Invest in expert curated basket of stocks.
  • Start Algo trading Access with Fyers API for free
  • Bracket order, cover order, GTT, AMO, basket order
  • Fyers School of Stocks, a free stock market learning platform.
  • Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc.

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...

  • No unlimited zero brokerage monthly plans
  • No 3-in-1 account offering
  • No mutual fund investment app
  • Research reports are not offered free

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Fyers Account Now>>

Last Updated on 2023-08-27T23:54:07+00:00