Reviews of Stock Brokers

Monarch Networth Capital

When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of Monarch Networth Capital, one of India's prominent Full Service Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Monarch Networth Capital founded in 1993 by Vaibhav Shah is a Private company headquartered in Mumbai, India India. As a Full Service Broker, Monarch Networth Capital aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Monarch Networth Capital operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewMonarch Networth Capital
Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterMumbai, India
FoundersVaibhav Shah
Foundation Year1993
Supported ExchangesNA
Total branchesNil

Monarch Networth Capital Account opening charges

To begin trading with Monarch Networth Capital, you need to open a trading account and a Demat account. Monarch Networth Capital charges Rs.1000 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.300 for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesMonarch Networth Capital
Trading Account Opening ChargesRs.1000
Demat AMC (Annual Maintenance Charges)Rs.300
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyMinimum Rs.2,500
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Monarch Networth Capital Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Monarch Networth Capital brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesMonarch Networth Capital
Equity Delivery Brokerage0.30%
Equity Intraday Brokerage0.03%
Equity Futures Brokerage0.03%
Equity Options BrokerageRs.70 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesMonarch Networth Capital
Currency Futures Brokerage0.03%
Currency Options BrokerageRs.30 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesMonarch Networth Capital
Commodity Options BrokerageNA

Monarch Networth Capital Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesMonarch Networth Capital
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00350% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesNA

Monarch Networth Capital Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Monarch Networth Capital:

Equity LeverageMonarch Networth Capital
Equity DeliveryUpto 3x
Equity IntradayUpto 10x
Equity FuturesUpto 4x
Equity OptionsUpto 7x

Monarch Networth Capital Currency Leverage

Currency LeverageMonarch Networth Capital
Currency FuturesUpto 3x
Currency OptionsUpto 3x

Monarch Networth Capital Commodity Leverage

Equity LeverageMonarch Networth Capital
CommodityUpto 3x

Monarch Networth Capital Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

OffersMonarch Networth Capital
Free Stock Trading AccountYes
Free Demat AccountYes
Flexible PlansYes
Brokerage DiscountsNo
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Monarch Networth Capital Features

FeaturesMonarch Networth Capital
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 10x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Monarch Networth Capital Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

ServicesMonarch Networth Capital
Fundamental ReportsYes
Research ReportsNo
Company ReportsYes
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Monarch Networth Capital Trading Platforms

The Monarch Networth Capital trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.

Monarch Networth Capital Trading Platforms

Desktop Trading PlatformsMonarch Networth Capital
Desktop BrowserYes

Monarch Networth Capital Mobile App

The Monarch Networth Capital mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile AppMonarch Networth Capital
Mobile BrowserNo
Android AppYes
iOS AppNo
Windows AppNo
Other mobile osNo

Monarch Networth Capital Web Trading

For web-based trading, Monarch Networth Capital offers a powerful trading website known as Monarch Networth Capital trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.

Monarch Networth Capital Trade Terminal

Monarch Networth Capital offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.

Monarch Networth Capital Customer Support

Customer SupportMonarch Networth Capital
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches85

Monarch Networth Capital Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by Monarch Networth Capital.

BSE ComplaintsMonarch Networth Capital
BSE Complaints22
BSE Resolved Complaints21
Percentage of resolved BSE complaints95.45 %
NSE Complaints32
NSE Resolved Complaints31
Percentage of resolved NSE complaints96.88 %
BSE/NSE Complaint vs. Resolved Percentage96.16 %


In conclusion, Monarch Networth Capital offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, Monarch Networth Capital can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.