Compare stock brokers
Monarch Networth Capital vs. Compositedge
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Monarch Networth Capital and Compositedge. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Monarch Networth Capital and Compositedge.
Overview
Monarch Networth Capital are Compositedge both private companies and Monarch Networth Capital operates as a full service Broker, while Compositedge functions as a discount broker. Vaibhav Shah co-founded Monarch Networth Capital in 1993. And Compositedge was founded in the year 1997 by Mukesh Patel, Satish Dutt & Brijesh Patel. Monarch Networth Capital's headquarters are in Mumbai, India and Compositedge's headquarters are in Bangalore, Karnataka.
Monarch Networth Capital operates as a full service Broker, while Compositedge functions as a discount broker. Monarch Networth Capital is registered in NA, while Compositedge is registered in NA. The total branches of Monarch Networth Capital are Nil and the Compositedge branches are Nil.
| Overview | Monarch Networth Capital | Compositedge |
|---|---|---|
| Broker Type | Full Service Broker | Discount Broker |
| Type of company | Private | Private |
| Headquarter | Mumbai, India | Bangalore, Karnataka |
| Founders | Vaibhav Shah | Mukesh Patel, Satish Dutt & Brijesh Patel |
| Foundation Year | 1993 | 1997 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | Nil |
Monarch Networth Capital and Compositedge Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Monarch Networth Capital charging Rs.1000 and Compositedge charging Rs.400.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Monarch Networth Capital Demat account is Rs.300 and for the Compositedge Demat account is Free. The Trading AMC for Monarch Networth Capital and Compositedge is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Monarch Networth Capital and Compositedge is CDSL.
| Account Opening and Demat Charges | Monarch Networth Capital | Compositedge |
|---|---|---|
| Trading Account Opening Charges | Rs.1000 | Rs.400 |
| Demat AMC (Annual Maintenance Charges) | Rs.300 | Free |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum Rs.2,500 | Zero Margin |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Monarch Networth Capital and Compositedge Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Monarch Networth Capital is 0.30%, while Compositedge charges you Rs.15 per executed order.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Monarch Networth Capital is 0.03% and for Compositedge also, it is Rs.15 per executed order.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Monarch Networth Capital charge 0.03% and Compositedge charge Rs.15 per executed order for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Monarch Networth Capital charges Rs.70 per Lot, and Compositedge charges Rs.15 per executed order.
| Equity Brokerage Charges | Monarch Networth Capital | Compositedge |
|---|---|---|
| Equity Delivery Brokerage | 0.30% | Rs.15 per executed order |
| Equity Intraday Brokerage | 0.03% | Rs.15 per executed order |
| Equity Futures Brokerage | 0.03% | Rs.15 per executed order |
| Equity Options Brokerage | Rs.70 per Lot | Rs.15 per executed order |
Monarch Networth Capital and Compositedge Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Monarch Networth Capital is 0.03% and for Compositedge is Rs.15 per executed order.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Monarch Networth Capital charges Rs.30 per Lot for currency options, whereas Monarch Networth Capital charges Rs.15 per executed order.
| Currency Brokerage Charges | Monarch Networth Capital | Compositedge |
|---|---|---|
| Currency Futures Brokerage | 0.03% | Rs.15 per executed order |
| Currency Options Brokerage | Rs.30 per Lot | Rs.15 per executed order |
Monarch Networth Capital and Compositedge Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Monarch Networth Capital charges NA for commodity trading, while Compositedge charges Rs.15 per executed order.
| Commodity Brokerage Charges | Monarch Networth Capital | Compositedge |
|---|---|---|
| Commodity Options Brokerage | NA | Rs.15 per executed order |
Monarch Networth Capital and Compositedge Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Monarch Networth Capital levies a minimum brokerage fee of Percentage of Transaction, while Compositedge charges Rs.15 brokerage fee.
Transaction Brokerage Charges: Monarch Networth Capital levies a transaction brokerage charge of 0.00350% of Total Turnover, while Compositedge charges 0.00325% of Total Turnover.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Monarch Networth Capital is 0.0002% of Total Turnover and for Monarch Networth Capital is 0.0006% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Monarch Networth Capital are 0.0126% of Total Turnover, while for Compositedge, they are 0.0116% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Monarch Networth Capital charges NA and Compositedge charges NA.
| Other Brokerage Charges | Monarch Networth Capital | Compositedge |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Rs.15 | Transaction Brokerage Charges | 0.00350% of Total Turnover | 0.00325% of Total Turnover | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0006% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | 0.0116% of Total Turnover | Call and Trade Charges | NA | NA |
Monarch Networth Capital and Compositedge Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Monarch Networth Capital is up to Upto 3x and by Compositedge it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Monarch Networth Capital is up to Upto 10x and by Compositedge it is up to Upto 5x.
Equity Futures: Leverage for Equity Futures by Monarch Networth Capital is up to Upto 4x and by Compositedge it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Monarch Networth Capital is up to Upto 7x and by Compositedge also, it is up to Upto 3x.
| Equity Leverage | Monarch Networth Capital | Compositedge |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 2x | Equity Intraday | Upto 10x | Upto 5x | Equity Futures | Upto 4x | Upto 3x | Equity Options | Upto 7x | Upto 3x |
Monarch Networth Capital and Compositedge Currency Leverage
The currency futures leverage provided by Monarch Networth Capital is up to Upto 3x, while for Compositedge it is up to Upto 2x.
The currency options leverage provided by Monarch Networth Capital is up to Upto 3x, while for Compositedge it is up to Upto 2x.
| Currency Leverage | Monarch Networth Capital | Compositedge |
|---|---|---|
| Currency Futures | Upto 3x | Upto 2x | Currency Options | Upto 3x | Upto 2x |
Monarch Networth Capital and Compositedge Commodity Leverage
The commodity leverage provided by Monarch Networth Capital is up to Upto 3x, while for Compositedge it is up to Upto 2x.
| Commodity Leverage | Monarch Networth Capital | Compositedge |
|---|---|---|
| Commodity | Upto 3x | Upto 2x |
Monarch Networth Capital and Compositedge Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Monarch Networth Capital | Compositedge |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | Yes | No | Flexible Plans | Yes | No | Brokerage Discounts | No | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | No | Referral Program | No | Yes | Zero Brokerage on Loss Trades | No | No |
Monarch Networth Capital and Compositedge Features
Equity Trading: Monarch Networth Capital and Compositedge brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Monarch Networth Capital and Compositedge also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Monarch Networth Capital and Compositedge broker is that you can also invest in IPOs. Monarch Networth Capital also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Monarch Networth Capital offers trading exposure of up to Upto 10x, while Compositedge gives up to Upto 5x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Monarch Networth Capital and Compositedge, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Monarch Networth Capital and Compositedge also allow you to trade in forex trading.
| Features | Monarch Networth Capital | Compositedge |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | No |
| Trading Institution | No | No | Trading Exposure | Upto 10x | Upto 5x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | Yes | Yes |
Monarch Networth Capital and Compositedge Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Monarch Networth Capital and Compositedge offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Monarch Networth Capital | Compositedge |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | No | No |
| Company Reports | Yes | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | Yes | No |
| IPO Reports | Yes | No |
| Top Picks | Yes | No |
| Daily Market Review | Yes | No |
| Monthly Reports | Yes | No |
| Weekly reports | Yes | No |
| Offline Advisory | Yes | No |
| Relationship Manager | Yes | No |
Monarch Networth Capital and Compositedge Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Monarch Networth Capital and Compositedge offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Monarch Networth Capital | Compositedge |
|---|---|---|
| Windows | Yes | Yes |
| Mac | No | Yes |
| Desktop Browser | Yes | Yes |
Monarch Networth Capital and Compositedge Mobile Trading Platforms
Monarch Networth Capital and Compositedge offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Monarch Networth Capital | Compositedge |
|---|---|---|
| Mobile Browser | No | Yes |
| Android App | Yes | No |
| iOS App | No | No |
| Windows App | No | No |
| Other mobile os | No | No |
Monarch Networth Capital and Compositedge Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Monarch Networth Capital and Compositedge give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Monarch Networth Capital | Compositedge |
|---|---|---|
| Relationship Manager | Yes | No |
| Offline Trading | Yes | No |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 85 | 0 |
Monarch Networth Capital and Compositedge Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Monarch Networth Capital and Compositedge registered and resolved complaints.
For Monarch Networth Capital, the Percentage of resolved BSE complaints is 95.45 % and the Percentage of resolved NSE complaints is 96.88 %.
For Compositedge, the Percentage of resolved BSE complaints is 93.33 % and the Percentage of resolved NSE complaints is 91.18 %.
We can say that Monarch Networth Capital is better than Compositedge in case of resolving customer complaints.
| BSE Complaints | Monarch Networth Capital | Compositedge |
|---|---|---|
| BSE Complaints | 22 | 15 |
| BSE Resolved Complaints | 21 | 14 |
| Percentage of resolved BSE complaints | 95.45 % | 93.33 % |
| NSE Complaints | 32 | 34 |
| NSE Resolved Complaints | 31 | 31 |
| Percentage of resolved NSE complaints | 96.88 % | 91.18 % |
| BSE/NSE Complaint vs. Resolved Percentage | 96.16 % | 92.25 % |
Frequently Asked Questions
Is Monarch Networth Capital better than Compositedge?
Monarch Networth Capital is a full service broker and Compositedge is a discount broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Compositedge better than Monarch Networth Capital?
Compositedge is a discount broker and Monarch Networth Capital is a full service broker. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Monarch Networth Capital and Compositedge?
Being a full-service broker, Monarch Networth Capital tends to have higher brokerage charges, while Compositedge, being a discount broker, offers comparatively cheaper rates. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Monarch Networth Capital and Compositedge?
To figure out which of the two stockbrokers, Monarch Networth Capital and Compositedge, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Monarch Networth Capital with other stock brokers
Visit the following pages to see a detailed comparision report of Monarch Networth Capital with other brokerage firms.
Compare Compositedge with other stock brokers
Visit the following pages to see a detailed comparision report of Compositedge with other brokerage firms.