Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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About Zerodha
Zerodha is India's leading stockbroker. It is among the largest and most reputed brokers offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Govt. Securities, and Direct Mutual Funds.
Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and Futures, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. Further, for Options trades, it charges Flat Rs. 20 per executed o... 
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
Product Range
Equities, derivatives, commodities, mutual funds, IPOs, and NPS
Life, health, ...
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 |
| Open Zerodha Account | Open Monarch Networth Account |
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 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: Invest with zero brokerage in Equity Delivery and Direct Mutual Funds. Pay a flat ₹20 per trade for Intraday and F&O. Open an instant account (FREE) with Zerodha and start trading today. | Special Offer: FREE account opening. Open an Instant Account & start investing with minimum brokerage along with benefit of research |
| Minimum Brokerage | 0.03% in Intraday and F&O | Rs 15 per lot |
| Other Charges | Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS | |
| Call & Trade Charges | Rs 50 per executed order | |
| Open Zerodha Account | Open Monarch Networth Account |
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) |
| Open Zerodha Account | Open Monarch Networth Account |
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 | |
| Open Zerodha Account | Open Monarch Networth Account |
Zerodha is rated of 5 based on 491 customer reviews whereas Monarch Networth is rated of 5 based on 0 customer reviews.
| Zerodha | Monarch Networth | |
|---|---|---|
491 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 491 customer reviews | Monarch Networth is Rated / 5 based on 0 customer reviews |
| Zerodha | Monarch Networth | |
|---|---|---|
| Contact Broker | Invest with zero brokerage in Equity Delivery and Direct Mutual Funds. Pay a flat ₹20 per trade for Intraday and F&O. Open an instant account (FREE) with Zerodha and start trading today. | FREE account opening. Open an Instant Account & start investing with minimum brokerage along with benefit of research |
| Zerodha | Monarch Networth | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Zerodha | 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 Zerodha Account | Open Monarch Networth Account |
| Zerodha | Monarch Networth | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Zerodha | 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 | Zerodha Special OfferFree Stock Trading and Mutual Funds
Limited-time offer! | Monarch Networth Special OfferMonarch Networth (Equity Delivery: 0.15%)
Open an instant Monarch Networth account online and start trading today. |
| Open Zerodha Account | Open Monarch Networth Account |
Open Zerodha Account