About Firstock
Incorporated in 2021, Firstock Broking Private Limited is a next-generation investment and trading platform revolutionising discount broking in India through technology-led innovation. Firstock is built on a vision to make financial services more accessible, efficient, and user-friendly.
With a strong focus on a customer-centric and tech-first approach, the platform simplifies the trading experien... 
About Monarch Networth
Incorporated in 1993, Monarch Networth Capital Limited (MNCL) is a full-service broker that offers a cost-effective fee structure and multiple product offerings.
The company is an accredited stock broker with BSE, NSDL, MCX, NCDEX, NMCE & DGCX and uses NSDL and CDSL for custodial services. It is also registered with AMFI for mutual fund distribution.
Monarch Networth Capital Key Offerings
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Incorporated in 2021, Firstock is a Discount Broker. It offers trading at BSE, NSE. It has branches across India. Incorporated in 1993, Monarch Networth is a Full Service Broker. It offers trading at BSE, NSE, MCX & NCDEX. It has 71 branches across India.
| Firstock | Monarch Networth | |
|---|---|---|
| Type of Broker | Discount Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE | BSE, NSE, MCX & NCDEX |
| Year of Incorporation | 2021 | 1993 |
| Number of Branches | 71 | |
| Open Firstock Account |
Firstock trading account opening charges is Rs 0 (Free) while Monarch Networth account opening changes is Rs 0 (Free). Firstock Demat Account AMC Charges is Rs 0 (Free) and Monarch Networth Demat Account AMC Charges is Rs 350 PA.
| Firstock | Monarch Networth | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 0 (Free) | Rs 350 PA |
Firstock brokerage charges for equity is Rs 0 and intraday is Rs 20 per executed order whereas Monarch Networth brokerage charges for equity is 0.15% and intraday is 0.01%.
| Account Type | Firstock | Monarch Networth General Plan |
|---|---|---|
| Fixed Charges | ||
| Equity Delivery | Rs 0 | 0.15% |
| Equity Intraday | Rs 20 per executed order | 0.01% |
| Equity Futures | Rs 20 per order, 0.03% or whichever is lower | Rs 15 per lot |
| Equity Options | Rs 20 per order, 0.03% or whichever is lower | Rs 15 per lot |
| Currency Futures | 0.01% | |
| Currency Options | Rs 15 per lot | |
| Commodity Futures | 0.01% | |
| Commodity Options | Rs 15 per lot | |
| Special Offer | Special Offer: Experience ZERO Brokerage on Delivery trades with Firstock. Rs 20 Brokerage on Intraday and F&O trades, with no hidden charges.
Open Free Demat account
with Firstock and start trading today. | Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Minimum Brokerage | Rs 20 | Rs 15 per lot |
| Other Charges | ||
| Call & Trade Charges | Rs 50 | |
| Open Firstock Account |
Firstock margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Monarch Networth margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Firstock | Monarch Networth | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open Firstock Account |
The trading platforms offered Firstock include Firstock - Trade & Invest: Mobile App, Desktop Exe, Firstock Web. Monarch Networth offers trading software.
| Firstock | Monarch Networth | |
|---|---|---|
| 3 in 1 Account |  | |
| Automated Trading |  | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | Firstock - Trade & Invest: Mobile App, Desktop Exe, Firstock Web | |
| Intraday Square-off Time | 3:25 PM | 3:20 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | APIs for Algo Trading | |
| Open Firstock Account |
Firstock is rated of 5 based on 1 customer reviews whereas Monarch Networth is rated of 5 based on 0 customer reviews.
| Firstock | Monarch Networth | |
|---|---|---|
1 Customer Reviews  | 0 Customer Reviews | |
| Fees |  |  |
| Brokerage | | |
| Trading Platform | | |
| Customer Service | | |
| Research Capabilities | | |
| Overall Rating | | |
| Broker Rating | Firstock is Rated 3.0 / 5 based on 1 customer reviews | Monarch Networth is Rated / 5 based on 0 customer reviews |
| Firstock | Monarch Networth | |
|---|---|---|
| Contact Broker | Experience ZERO Brokerage on Delivery trades with Firstock. Rs 20 Brokerage on Intraday and F&O trades, with no hidden charges.
Open Free Demat account
with Firstock and start trading today. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Firstock | Monarch Networth | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Firstock | Monarch Networth | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open Firstock Account |
| Firstock | Monarch Networth | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Firstock | Monarch Networth | |
|---|---|---|
| Pros |
| FREE account opening! Open an Instant Account & start investing with minimum brokerage along with benefit of research. |
| Cons |
| Free Account Opening
This is a limited time offer. Open an instant account online and start trading today. |
| Reviews | ||
| Promo / Offers | Firstock Special OfferUnlimited Trades @ ZERO Brokerage on Delivery trades
This is a limited-time offer. Open a Free Demat Account online and start trading today. | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
|
| Open Firstock Account |
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