Fyers Vs Monarch Networth (Compare Fyers and Monarch Networth)

Fyers Vs Monarch Networth

Incorporated in 2015, Fyers is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 2 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.

	Fyers	Monarch Networth
Type of Broker	Discount Broker	Full Service Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX & NCDEX
Year of Incorporation	2015	1993
Number of Branches	2	71
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Fyers Vs Monarch Networth Charges & AMC

Fyers trading account opening charges is Rs 0 (Free) while Monarch Networth account opening changes is Rs 0 (Free). Fyers Demat Account AMC Charges is Rs 0 (Free AMC for Lifetime) and Monarch Networth Demat Account AMC Charges is Rs 350 PA.

	Fyers	Monarch Networth
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free AMC for Lifetime)	Rs 0 (Free)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 0 (Free AMC for Lifetime)	Rs 350 PA

Fyers Vs Monarch Networth Brokerage

Fyers brokerage charges for equity is 0.03% or Rs 20, whichever is lower and intraday is 0.03% or Rs 20, whichever is lower whereas Monarch Networth brokerage charges for equity is 0.15% and intraday is 0.01%.

Account Type	Fyers Flat Fee Brokerage Plan	Monarch Networth General Plan
Fixed Charges	NA
Equity Delivery	0.03% or Rs 20, whichever is lower	0.15%
Equity Intraday	0.03% or Rs 20, whichever is lower	0.01%
Equity Futures	0.03% or Rs 20, whichever is lower	Rs 15 per lot
Equity Options	Rs 20 per executed order	Rs 15 per lot
Currency Futures	0.03% or Rs 20, whichever is lower	0.01%
Currency Options	Rs 20 per executed order	Rs 15 per lot
Commodity Futures	0.03% or Rs 20, whichever is lower	0.01%
Commodity Options	Rs 20 per executed order	Rs 15 per lot
Special Offer	Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers 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.

Fyers Vs Monarch Networth Leverage (Margin)

Fyers 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.

	Fyers	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)
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Compare Fyers and Monarch Networth Features

The trading platforms offered Fyers include Fyers App, Fyers Web, Fyers Next. Monarch Networth offers trading software.

	Fyers	Monarch Networth
3 in 1 Account
Automated Trading
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Fyers App, Fyers Web, Fyers Next
Intraday Square-off Time	3:15 PM	3:20 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	API Trading, Algo Trading and Insta Options is available, which is designed for options traders.
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Fyers Vs Monarch Networth Review

Fyers is rated of 5 based on 38 customer reviews whereas Monarch Networth is rated of 5 based on 0 customer reviews.

	Fyers	Monarch Networth
	38 Customer Reviews	0 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Rating
Broker Rating	Fyers is Rated 3.0 / 5 based on 38 customer reviews	Monarch Networth is Rated / 5 based on 0 customer reviews