Monarch Networth Capital Review 2019

Rated 3/5 by Top Share Brokers Team
Monarch Networth Capital Ltd Review

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Monarch Networth Capital Ltd. has been successfully providing premium financial services and information for more than a decade. The company offer services to trade in equity, derivatives, commodity, currency, IPO, Mutual Fund, and other services like loans, bonds, FDs, Life Insurance, General Insurance and Depository services.

Networth Stock Broking Ltd. (NSBL) is the stock Broking arm of Networth having membership in NSE and BSE for Capital Market and Derivatives (Futures & Options) segment and with NSE, BSE, USE & MCX-SX for currency derivatives segment. It is Depository participants with CDSL and NSDL. The Broker has a network of around 350 branches across India and a client base of around 100,000 loyal customers. They are alliance partners with PNB for online trading and a Charter member of Financial Planning Standards Board of India [FPSB].

NCIL is the commodities arm of NSBL. It is a member at the Multi Commodity Exchange of India (MCX), National Commodity & Derivatives Exchange (NCDEX) and ICEX.

Call and trade facility is available for free at a special toll free number 1800 3000 0333.The broker also offer trading facility to NRIs for which a NRI trading account can be integrated with a depository account to give you full investing functionality. The dedicated Research Cell provide in-depth research reports like India Market Report, Pivot Points, Result preview and updates, Company reports, IPO analysis etc. They also send research tips through SMS to advice their investor.

Customer Care is taken care well at Networth. Response to all queries are addressed within 1hr. Regular updates on ledger balance, credit of bonus and dividend and all other trading related details are sent through SMS service.

Review Summary

Monarch Networth Capital, an exponentially growing firm is backed by strong support, chain of sub brokers and branches, research team and network of experts.


Benefits

  • Serves multiple investment products
  • Highly skilled and Dedicated Research Team
  • Around 300+ centers across India
  • A Charter member of Financial Planning Standards Board of India [FPSB]
  • Own DP service
  • Serves NRIs
  • Other services like Health Plan, General Insurance and Life Insurance
  • Free Call and Trade service
  • Efficient Grievance handling

Considerations

Mobile app based trading not available, investment tools missing


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Monarch Networth Investment Options Compare

Here we are comparing Monarch Networth with its 5 close competitors on investment options.

Broker Monarch Networth Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance Yes Yes Yes No No

Monarch Networth Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

Monarch Networth Account Opening Charges

      »»  Trading Account Opening Charges: Rs 149
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 400 PA

Monarch Networth Brokerage

Brokerage is negotiable but not available onsite. You can contact your local broker to know all the charges and fees.

For complete brokerage charges and trading plans detail please visit Monarch Networth Brokerage Charges.

Monarch Networth with closest competitors

Here we are comparing Monarch Networth with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Monarch Networth Sharekhan 5paisa Zerodha SAMCO
Service Type Full Service Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range .005 to .3% 0.1 to 0.5% Rs 10 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery 0.3% or 30 paisa 0.5% or 50 paisa Flat Fee Rs 10 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.03% or 3 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures 0.03% or 3 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Rs 50 Per Lot 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity 0.03% or 3 paisa 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.03% or 3 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Rs 50 Per Lot 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate Monarch Networth Brokerage Calculator


Open Trading and Demat Account with Monarch Networth Capital Ltd

There are 3 simple ways to open an account with Monarch Networth Capital.

  • Call at one of the below number and ask to open an account with them.
    Toll Free No.: 1800-220-223
    Other No: 022-30641600
    Call & Trade (Toll Free): 1800 1027912
  • Visit one of their nearest branch and you will find representative to help you out: Click on this link to find the branch closest to you.They have 156 branches across the India.
  • Mail them your details at "[email protected]", and their relationship manager will contact you.

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Monarch Networth Trading Platform and Tools

Trading Platforms Rated 3/5

    Monarch Networth Capital supports web based trading through their secure web portal networthDirect.com.

    NetworthDirect.com:This is the online platform of Networth, riched with features like invest online in IPOs/MFs/Equities, single customized integrated screen, integration of your bank account, trading account & demat account, Online Portfolio Tracker and 128-bit encryption to ensure the highest level of safety, integrated with multiple payment gateways and depository services for seamless transaction capability.

    My Networth : This is the online backoffice support by Networth that provides access to your accounts and statements online and with 24X7 availability. You have access to multiple transactional detailed reports viz. financial statements, net position, settlement bills, delivery reports, transaction statement, contract note etc.

    For detail review of mobile app and download please visit Monarch Networth Trading Platform Review.

Monarch Networth Trading Platform Compare

Here we are comparing Monarch Networth with its 5 close competitors on Trading Platform.

Broker Monarch Networth Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site No Yes Yes Yes Yes

Final thought about Monarch Networth

Monarch Networth Capital is type of broker who are more interested in carrying business through their sub brokers and branches in different cities. Their focus is to attract local customer city wise and not on centralised online trading. It can be visualize by simple site design and not many tools and platforms offered. Brokerage is also negotiable and can be find out by calling local sub broker of Networth in your city.

If you like what you have read and want to start trading, leave your contact information with us and we will guide you.


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Monarch Networth Capital Ltd User Reviews

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 2018-06-05T06:14:53+00:00

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