Zerodha Vs Monarch Networth (Compare Zerodha and Monarch Networth)

Zerodha Vs Monarch Networth

Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 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.

	Zerodha	Monarch Networth
Type of Broker	Discount Broker	Full Service Broker
Exchnage Membership	NSE, BSE, MCX and NCDEX	BSE, NSE, MCX & NCDEX
Year of Incorporation	2010	1993
Number of Branches	22	71
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Zerodha Vs Monarch Networth Charges & AMC

Zerodha trading account opening charges is Rs 0 while Monarch Networth account opening changes is Rs 0 (Free). Zerodha Demat Account AMC Charges is Rs 300 and Monarch Networth Demat Account AMC Charges is Rs 350 PA.

	Zerodha	Monarch Networth
Trading Account Opening Charges	Rs 0	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account Opening Charges	Rs 0	Rs 0 (Free)
Demat Account AMC Charges	Rs 300	Rs 350 PA

Zerodha Vs Monarch Networth Brokerage

Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Monarch Networth brokerage charges for equity is 0.15% and intraday is 0.01%.

Account Type	Zerodha Flat Brokerage Plan	Monarch Networth General Plan
Fixed Charges
Equity Delivery	Rs 0 (Free)	0.15%
Equity Intraday	Rs 20 per executed order or .03% whichever is lower	0.01%
Equity Futures	Rs 20 per executed order or .03% whichever is lower	Rs 15 per lot
Equity Options	Rs 20 per executed order	Rs 15 per lot
Currency Futures	Rs 20 per executed order or .03% whichever is lower	0.01%
Currency Options	Rs 20 per executed order	Rs 15 per lot
Commodity Futures	Rs 20 per executed order or .03% whichever is lower	0.01%
Commodity Options	Rs 20 per executed order	Rs 15 per lot
Special Offer	Special Offer: ₹0 Brokerage on Equity Delivery & Mutual Funds Flat ₹20/trade for Intraday & F&O India’s most trusted trading platform 💹 🔓 Open Account – FREE ⏱ 5 min | 100% Online | Paperless	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.

Zerodha Vs Monarch Networth Leverage (Margin)

Zerodha 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.

	Zerodha	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 Zerodha and Monarch Networth Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. Monarch Networth offers trading software.

	Zerodha	Monarch Networth
3 in 1 Account
Automated Trading
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Kite Web, Kite Mobile for Android/iOS and Coin
Intraday Square-off Time	Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close	3:20 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	Direct Mutual Funds, APIs for Algo Trading
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Zerodha Vs Monarch Networth Review

Zerodha is rated of 5 based on 492 customer reviews whereas Monarch Networth is rated of 5 based on 0 customer reviews.

	Zerodha	Monarch Networth
	492 Customer Reviews	0 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Rating
Broker Rating	Zerodha is Rated 3.6 / 5 based on 492 customer reviews	Monarch Networth is Rated / 5 based on 0 customer reviews