Compare 3 Brokers

Monarch Networth Vs Zerodha: Which one is better?

The brokerage of Monarch Networth Max .005 to .3% per trade while the brokerage of Zerodha ranges between Rs 20. Monarch Networth is a Full Service Broker where Zerodha is a Discount Broker. Monarch Networth is having overall lower rating compare to Zerodha. Monarch Networth is rated only 3 out of 5 where Zerodha is rated 4.5 out of 5.

Here we present side-by-side comparison of Monarch Networth vs Zerodha 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 Zerodha'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.

Compare Monarch Networth vs Zerodha on Service

  Monarch Networth Compare
Monarch Networth
Zerodha Compare
Zerodha
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-SX. NCDEX NSE, BSE, MCX-SX and MCX
Broker Overview Monarch Networth Capital, an exponentially growing firm is backed by strong support, chain of sub brokers and branches, research team and network of experts. With high-class technology, unique trading tools, and three-way trading platform, Zerodha is giving its clients an edge in trading and decision making. Pioneer in introducing low brokerage scheme, Zerodha manages to satisfy both casual and active inv...Know more about Zerodha
Broker Enquiry Open an Online Trading Account with Monarch Networth. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

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

In this section we have compared Monarch Networth with Zerodha on trading & demat account opening charges and AMC. Trading account opening charges - Monarch Networth charges Rs 149 for account opening where Zerodha charges Rs 200 for account opeing. Demat AMC charges - Monarch Networth charges Rs 400 PA AMC for Demat account where Zerodha charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Monarch Networth with Zerodha
Charges Monarch Networth Zerodha
Trading Account Opening Fees Rs 149 Rs 200
Trading AMC Free Free
Demat Account Opening Fees Free Rs 100
Demat AMC Rs 400 PA Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Monarch Networth vs Zerodha on Plan Options

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

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

Account Opening

  Monarch Networth Zerodha
Account Opening Request
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Brokerage Charges

Compare Monarch Networth vs Zerodha on Brokerage Charges

Monarch Networth Brokerage Plan detail - This is a standard plan by Networth Direct.This is % based brokerage plan.Brokerage is between .005% to .3%, which is .05 paisa to 30 paisa.

Zerodha Brokerage Plan detail - Rs 20 flat plan from Zerodha is same for intraday, F&O equity, commodity and currency on NSE,BSE,MCX & MCX-SX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the Maximum brokerage you need to pay for per executable order, so charges can be less as .01% (intraday equity & futures) whichever is lower. Equity Delivery is Free with Zerodha.

Brokerage Charges - Compare Monarch Networth with Zerodha
Brokerage Charges Compare Monarch Networth Zerodha
Plan Name Basic Trading Plan (Percentage Based) Max Rs 20 Per Order Trading Plan
Equity Delivery 0.3% or 30 paisa Free
Equity Intraday 0.03% or 3 paisa 0.01% or Rs 20 whichever is lower
Equity Futures 0.03% or 3 paisa 0.01% or Rs 20 whichever is lower
Equity Options Rs 50 Per Lot Flat Fee Rs 20
Currency Futures 0.03% or 3 paisa 0.01% or Rs 20 whichever is lower
Currency Options Rs 50 Per Lot Flat Fee Rs 20
Commodity Trading 0.03% or 3 paisa Flat Fee Rs 20
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available No
Funding Info Not Available Info Not Available
Call & Trade Charges Info Not Available Rs 20 Per Executable Order
Brokerage Calculator Brokerage Calculator for Monarch Networth Brokerage Calculator for Zerodha
SPAN Margin Calculator SPAN Margin Calculator for Monarch Networth SPAN Margin Calculator for Zerodha
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Share Broker's Transaction Charges

Compare Monarch Networth vs Zerodha on Transaction Charges

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

Transaction Charges - Compare Monarch Networth with Zerodha
Transaction Charges Compare Monarch Networth Zerodha
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 190 Per Cr
Equity Options Rs 5000 Per Cr Rs 5000 Per Cr
Currency Futures Rs 110 Per Cr Rs 135 Per Cr
Currency Options Rs 4000 Per Cr Rs 4400 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for monarch-networth-capital Complete Brokerage Plans for zerodha
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Account Features

Compare Monarch Networth vs Zerodha on Account Features

Compare Monarch Networth with Zerodha 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 tradig/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Monarch Networth offers margin funding where Zerodha doesn't offers margin funding. NRI Trading - both brokers provides NRI Trading facility.

Account Features - Monarch Networth with Zerodha
Account Features Compare Monarch Networth Zerodha
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 3:15PM
NRI Trading Yes Yes
Other Features Trading software terminal: Fast trade NIL
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Trading Platform

Compare Monarch Networth vs Zerodha on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Monarch Networth and Zerodha. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.

Trading Platform - Compare Monarch Networth with Zerodha
Trading Platform Compare Monarch Networth Zerodha
Desktop Trading Platform FastTrade Zerodha PI
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 https://kite.zerodha.com/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App MNCL Mobile Trader Zerodha Kite
Mobile Trading App Demo Info Not Available Zerodha Kite Demo
Android Mobile App Yes Yes
Android App Download Andriod MNCL Mobile Trader Download Andriod Zerodha Kite Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS MNCL Mobile Trader Download iOS Zerodha Kite 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 Zerodha
Futures Brokerage Calculator Futures Brokerage Calculator for Monarch Networth Futures Brokerage Calculator for Zerodha
Options Brokerage Calculator Options Brokerage Calculator for Monarch Networth Options Brokerage Calculator for Zerodha
Detail Detail on Trading Platforms for monarch-networth-capital Detail on Trading Platforms for zerodha

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Broker Ratings by Users

Compare Monarch Networth vs Zerodha on User Rating

  Monarch Networth Zerodha
  12 Customer Reviews    Rate Monarch Networth 154 Customer Reviews    Rate Zerodha
Fees Ratings 2.8 4.0
Trading Brokerage Rating 3.0 4.5
Trading Platform Usability 3.3 3.7
Customer Service Ratings 3.2 3.8
Overall Ratings Rated 3.3 stars Rated 3.9 stars
Broker Rating Monarch Networth is Rated 3.3 / 5 based on 12 customer reviews Zerodha is Rated 3.9 / 5 based on 154 customer reviews
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Investment Offerings

Compare Monarch Networth vs Zerodha on Investment Offerings

Compare Monarch Networth with Zerodha 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 brokers offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - both brokers offers trading options in Commodity (MCX). Online Mutual Fund Investment - both brokers offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Monarch Networth with Zerodha
Investment Offerings Compare Monarch Networth Zerodha
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 No
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 Zerodha on Order Types

Order Type - Compare Monarch Networth with Zerodha on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Zerodha 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) - Zerodha 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 facility. The orders are send to exchange on the next trading day. GTC Orders- both brokers doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Monarch Networth with Zerodha
Order Type Compare Monarch Networth Zerodha
CNC Ordre Yes Yes
MIS Ordre Yes Yes
NRML Ordre Yes Yes
Cover Ordre No Yes
Bracket Ordre No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No No
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Margin/Leverage

Compare Monarch Networth vs Zerodha on Margin/Leverage

Comapre Monarch Networth with Zerodha on Exposure/Margin offered by broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.

Exposure/margin - Compare Monarch Networth with Zerodha
Margin Product Compare Monarch Networth Zerodha
Equity Delivery Margin Monarch Networth vs Zerodha - Equity Delivery Margin Info Not Available No Delivery margin.
Equity Intraday Margin Monarch Networth vs Zerodha - Equity Intraday Margin Info Not Available Up to 12.5x margin for Intraday leverage for equity.
Futures Margin Monarch Networth vs Zerodha - Futures Margin Info Not Available Up to 2x leverage for future.
Options Margin Monarch Networth vs Zerodha - Options Margin Info Not Available Up to 2x margin for options shorting, no leverage for option buying.
Equity CO Margin Monarch Networth vs Zerodha - Equity CO Margin Info Not Available Up to 20.8x margin/leverage in equity CO order for selected equity scripts.
Futures CO Margin Monarch Networth vs Zerodha - Futures CO Margin Info Not Available Up to 33x margin/leverage (of complete order) in CO order for future contracts.
Options CO Margin Monarch Networth vs Zerodha - Options CO Margin Info Not Available Up to 20x margin/leverage (of complete order) in CO order for options contracts sell only, buying is enabled only for NIFTY.
Commodity Margin Monarch Networth vs Zerodha - Commodity Margin Info Not Available Up to 2x MIS Margin of SPAN, Complete SPAN is required for carry forward positions.
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Customer Service Offered

Compare Monarch Networth vs Zerodha on Customer Service

Compare Monarch Networth with Zerodha on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare Monarch Networth with Zerodha
Customer Service Compare Monarch Networth Zerodha
24/7 Customer Service Monarch Networth vs Zerodha - 24x7 customer support No No
Email Support Monarch Networth vs Zerodha - Email Support Yes Yes
Onine Live Chat Monarch Networth vs Zerodha - Onine Live Chat No No
Phone Support Monarch Networth vs Zerodha - Phone Support Yes Yes
Toll Free Number Monarch Networth vs Zerodha - Toll Free Number No No
Through Branches Monarch Networth vs Zerodha - Through Branches Yes Yes
Customer Care Number Monarch Networth vs Zerodha - Customer Care Number Info Not Available "+ 91 80 4040 2020"
Account Opening Process Monarch Networth vs Zerodha - Account Opening Process Info Not Available Online/Paperless
Customer Support Email Monarch Networth vs Zerodha - Customer Support Email Info Not Available [email protected]
Knowledge Center/Education Monarch Networth vs Zerodha - Knowledge Center/Education Info Not Available https://support.zerodha.com/
Head Office Address Monarch Networth vs Zerodha - Head Office Address/Corporate Address Info Not Available Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
Website Monarch Networth vs Zerodha - Company Website Info Not Available https://zerodha.com/
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Tips/Research/Reports Published

Compare Monarch Networth vs Zerodha on Research Reports, Tips

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

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

Compare Monarch Networth vs Zerodha on Demat Account

Compare Monarch Networth with Zerodha on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Monarch Networth with Zerodha
  Monarch Networth Zerodha
DP Source CDSL CDSL
DP ID Monarch Networth vs Zerodha - DP ID No 81600
Demat Account Annual Maintenance Charges(AMC) 1. Account Maintenance Charge Rs. 400/- p.a. & Account Maintenance Charges Rs. 1500/- for Coporates. 2. No Account facilitation Charges for 2500 DEPOSIT scheme (Other than Corporate) 300 - Individual 1000 - Non Individual
Advance Deposit NIL Nil
Statutory charges NIL Rs.50/- (POA Charges)
Transaction Charges on Debit (Per ISIN) 1. Market transfer to NSBL pool account Rs 15/-. 2. Offmarket transfer to NSBL DP accounts Rs.15/- per transaction. 3. Market /Offmarket transfer to accounts other than NSBL DP - Rs.25/- per transaction. On market: Rs.8+5.5 (CDSL charges) Off market: 0.03% of Rs.25 whichever is higher
Demat Rs.5/- per certificate with min Rs.40/- per request + Rs. 45/- courier charges per request 150 per certificate + Rs.100 courier charges
Remat Rs. 45/- Postage Charges + Rs. 10/- Per 100 Securities / Rs.20/- Per Certificate whichever is higher, Maximum 500000/- 150 per certificate + Rs.150 courier charges + CDSL charges
Pledge Creation Rs.25/- Per Instruction Rs.20 + Rs.12 per request (CDSL charges)
Pledge Creation Confirmation NIL Nil
Pledge Closure Rs.25/- Per Instruction Rs.20 + Rs.12 per request (CDSL charges)
Pledge Closure Confirmation NIL Nil
Pledge Invocation Rs. 5/- Per Instruction Rs.20
Failed Instruction Charges NIL Rs.50 per instruction
Other Charges Cheque Bounce- Rs. 350/- Physical Statement - Rs. 50/- (Courier charges) Modification in CML - Rs. 50/- per request

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Special Offers,Advantages,Disadvantages

Compare Monarch Networth vs Zerodha on Special Offers and Promotion

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

Compare Monarch Networth vs Zerodha on Special Offers and Promotion
  Monarch Networth Zerodha
Pay In and Pay Out Options Monarch Networth vs Zerodha - Pay In and Pay Out Options Info Not Available pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Kite
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Monarch Networth vs Zerodha - Payout Time Info Not Available Max 24 hrs except bank holidays
Bank Supported and Charges Monarch Networth vs Zerodha - Bank Supported and Charges Info Not Available Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI).
Bank Detail Info Not Available HDFC Bank
Account#ZERNSE
Branch: Sandoz Branch, Mumbai
IFSC Code:HDFC0000240
Likes

SMS Service, Efficient Grievance Handling, free call and trade, tips and recommendations based on quality research, multiple trading products available,free Call & Trade.

Detail Review...

  • Best Mobile App KITE. Now you don’t need desktop software for your trading.
  • Low Brokerage and High Exposure
  • Strong customer support, everything is available online, no need to call any customer support. Learn by your own and get all the questions answered online.
  • Free, online education module covering all the topics related to trading called Varsity.
  • Active trading forum called Trading Q&A.

Detail Review...

Dislikes

Mobile app based trading not available, investment tools missing

Detail Review...

  • Call and trade is not free.
  • Doesn't provide facility to online invest in IPO via Zerodha Kite.
  • Margin against shares facility is not available for equity cash segment.
  • Zerodha as of now is not offering Margin Trading Funding. This is a big limitation for traders where they need to borrow some money from broker on interest for short span of time.

Detail Review...

Special Offers/Promo Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
Enquiry Enquire about Monarch Networth Enquire about Zerodha

Last Updated on 2019-07-11T23:31:39+00:00







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