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Monarch Networth Capital FAQs- Demat & Trading Account General Questions

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Monarch Networth Capital FAQs

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We are all frequently asked questions and answers of Monarch Networth Capital which are usually asked by people about Damat account, brokerage charges, margin etc.

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Q1. What type of Stockbroker Monarch Networth Capital is?

Ans. Monarch Networth Capital is a full-service Stockbroker.

Q2. When and where Monarch Networth Capital came into existence?

Ans. Monarch Networth Capital came into existence in the year 1993 in the city Mumbai of Maharashtra.

Q3. Who is the CEO of Monarch Networth Capital?

Ans. Mr. Vaibhav Shah is the CEO of Monarch Networth Capital.

Q4. What is the total client base of Monarch Networth Capital?

Ans. It was estimated that Monarch Networth Capital holds more than 44,590 and still counting.

Q5. What are the exchanges Monarch Networth Capital holds a membership with?

Ans. Monarch Networth Capital holds a membership with different trading organizations like BSE, NCDEX, MCX, NSE, and MCX-SX.

Q6. What are the services Monarch Networth Capital offers?

Ans. The services include Fixed Deposits, Depository Services, Derivative Trading, Currency Trading, IPO, Bonds, Insurance, Mutual Funds, Commodity Trading, and Equity.

Monarch Networth Capital Trading platform FAQs

Q7. Is there any 3-in-1 account facility with Monarch Networth Capital?

Ans. No, Monarch Networth Capital does not offer a 3-in-1 account.

Q8. What is the name of the trading terminal offered by Monarch Networth Capital?

Ans. N – SWIFT is the trading terminal offered by Monarch Networth Capital.

Q9. Mention some of the best features of the N – SWIFT.

Ans. Here are some of the best features of N – SWIFT:

  • In the case of real-time trading data accessing and analyzing is very important; this software offers you market data streaming, position updates, and real-time order status information.
  • Placing aftermarket orders is also available with this trading platform. The user will get a provision to place orders between 7:30 pm 6:15 am on a business day and release it on the next day.
  • This software comes with various personalization and customization features for better adaptability of the client. The personalization features include screen lock, dashboard interface, market watch list notification, etc. to make the trading experience much easier and smoother.

Q10.  What is the name of the web-browser based trading terminal offered by Monarch Networth Capital?

Ans. N – EASY is the web-browser based trading terminal offered by Monarch Networth Capital.

Q11. Mention the best features of N – EASY.

Ans. Some of the features of N – EASY are mentioned below:

  • With this web-based trading platform, you can perform a variety of trade-related stuff, including cash and derivatives from both NSE and BSE.
  • Being a trader, you can customize various aspects, including market watch lists, screen size adjustments, the position, and the setting specific flexibility and many other segments too.
  • The most advantageous and effective feature is integrated with this trading platform. The feature is multiple fund transfer options with almost all nationalized banks.

Q12. What is the name of the mobile trading app of Monarch Networth Capital?

Ans. The name of the mobile trading app is MNCL MOBILE.

Q13. What are the best features of the mobile trading of Monarch Networth Capital?

Ans. The best features include:

  • In this application, you can add multiple scrips based on your interests and preferences.  You can manage various market watch lists and keep monitoring the real-time momentum. It offers prompt notifications and alerts.
  • The user will get access to analyze various types of order books, trade books, net position, reports, and current holdings.
  • This mobile trading application provides detailed scrips information and accurate market movement reports before actual trading. For example – Top gainers/losers, current market conditions, and trade by volume, and many more.

Q14. What are the issues faced by users after using the mobile trading app of Monarch Networth Capital?

Ans. The top concerns of users are:

  • Though the look and feel of the app is pretty simple. However, it skips a few needed features, and the broker is on the slower side to offer software updates.
  • The interface is a bit poorly designed and looks primitive. The broker must work on various segments of the app to enhance the user experience.
  • In case if you are a beginner trader, then you may find it challenging to understand and operate.
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Q15. Does Monarch Networth Capital offer Research Services?

Ans. Yes, Monarch Networth Capital offers Research Services.

Q16. What are the communication channels provided by Monarch Networth Capital for its Customer Support?

Ans. Monarch Networth Capital offers multiple channels for its customer support, including Via Email, Over Phone, Offline Branches, Special Toll- Free Number, and Webform.

Q17.  What is the Registered Office Address of Monarch Networth Capital?

Ans.  The registered office address of Monarch Networth Capital is mentioned below:

901/902, 9th Floor, Atlanta Centre, Sonawala Lane, Opp. Udyog Bhavan, Goregaon East, Mumbai – 400 063. Ph : (+91) 22-30641600

Q18. Mention the customer care contact numbers.

Ans. The customer care contact numbers of Monarch Networth Capital are:

022-30641600 OR 079-26666500

Q19. What is the helpline Email Id of Monarch Networth Capital?

Ans. The helpline Email Ids are:

[email protected] and [email protected]

Q20. What is the trading account opening charge of Monarch Networth Capital?

Ans. Monarch Networth Capital doesn’t charge anything for opening a Trading Account.

Q21. What is the AMC for DEMAT Account with Monarch Networth Capital?

Ans. Monarch Networth Capital charges Rs. 300 as Annual Maintenance charges for Demat Account.

Q22. What is the trading margin money of Monarch Networth Capital?

Ans. The trading margin money of Monarch Networth Capital is Rs. 2500.

Q23. What is the brokerage charge of Monarch Networth Capital in the case of Equity options?

Ans. Monarch Networth Capital charges Rs. 25 to Rs. 60 per lot based on initial Margin as brokerage charge in the case of Equity options.

Q24. What is the brokerage charge of Monarch Networth Capital in the case of currency futures?

Ans. Monarch Networth Capital charges 0.03% to 0.05% with respect to the initial margin as a brokerage charge in the case of Currency Futures.

Q25. What is the brokerage charge of Monarch Networth Capital in the case of Equity Intraday?

Ans. Monarch Networth Capital charges 0.03% to 0.05% with respect to the initial margin as a brokerage charge in the case of Equity Intraday.

Q26. What is the brokerage charge of Monarch Networth Capital in the case of Commodity?

Ans. Monarch Networth Capital charges 0.03% to 0.05% with respect to the initial margin as a brokerage charge in the case of Commodity.

Q27. What is the brokerage charge of Monarch Networth Capital in the case of Equity Delivery?

Ans. Monarch Networth Capital charges 0.1% to 0.3% based on initial Margin as a brokerage charge in the case of Equity Delivery.

Q28. What is the brokerage charge of Monarch Networth Capital in the case of Currency Options?

Ans. Monarch Networth Capital charges Rs. 25 to Rs. 60 per lot based on initial Margin as brokerage charge in the case of Currency Options.

Q29. What is the brokerage charge of Monarch Networth Capital in the case of Equity Futures?

Ans. Monarch Networth Capital charges 0.03% to 0.05% with respect to the initial margin as a brokerage charge in the case of Equity Futures.

Q30. What is the transaction Charge of Monarch Networth Capital for Equity Delivery?

Ans. The transaction charge of Monarch Networth Capital for Equity delivery is 0.00325%.

Q31. What is the transaction Charge of Monarch Networth Capital for Currency Options?

Ans. The transaction charge of Monarch Networth Capital for Currency Options is 0.040% (on Premium).

Q32. What is the transaction Charge of Monarch Networth Capital for Equity Futures?

Ans. The transaction charge of Monarch Networth Capital for Equity Futures is 0.0019%.

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Q33. What is the transaction Charge of Monarch Networth Capital for Currency Futures?

Ans. The transaction charge of Monarch Networth Capital for Currency Futures is 0.00115%.

Q34. What is the transaction Charge of Monarch Networth Capital for Equity Options?

Ans. The transaction charge of Monarch Networth Capital for Equity Options is 0.050% (on Premium).

Q35. What is the transaction Charge of Monarch Networth Capital for Commodity?

Ans. The transaction charge of Monarch Networth Capital for Commodity is 0.0026%.

Q36. What is the transaction Charge of Monarch Networth Capital for Equity Intraday?

Ans. The transaction charge of Monarch Networth Capital for Equity Intraday is 0.00325%.

Q37. What is the STT charge of Monarch Networth Capital?

Ans. The STT charge of Monarch Networth Capital is 0.0126% of Total Turnover.

Q38. What is the SEBI turnover charge of Monarch Networth Capital?

Ans. The SEBI turnover charge of Monarch Networth Capital is 0.0002% of Total Turnover.

Q39. What is the Stamp Duty Charge of Monarch Networth Capital?

Ans. The Stamp Duty Charges of Monarch Networth Capital varies with States and its policies.

Monarch Networth Capital Review

Q40. What are the GST charges of Monarch Networth Capital?

Ans. The GST charge of Monarch Networth Capital is 18% of (Brokerage + Transaction Charges).

Q41. How much margin or Exposure does Monarch Networth Capital offer in Equity Delivery?

Ans. In Equity Delivery Monarch, Networth Capital offers up to 3 times exposure to its clients.

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Q42. How much margin or Exposure does Monarch Networth Capital offer in Equity Intraday?

Ans. In Equity Intraday Monarch, Networth Capital offers up to 10 times exposure to its clients.

Q43. How much margin or Exposure does Monarch Networth Capital offer in Equity Futures?

Ans. In Equity Futures Monarch Networth Capital offers up to 3 times exposure to its clients.

Q44. How much margin or Exposure does Monarch Networth Capital offers in Equity Options?

Ans. In Equity Options, Monarch Networth Capital no exposure for intraday selling to its clients.

Q45. How much margin or Exposure does Monarch Networth Capital offers in Currency Futures?

Ans. In Currency Futures Monarch Networth Capital offers up to 2 times exposure to its clients.

Q46. How much margin or Exposure does Monarch Networth Capital offers in Currency Options?

Ans. In Currency Options, Monarch Networth Capital offers no exposure for Intraday selling to its clients.

Q47. How much margin or Exposure does Monarch Networth Capital offers in Commodity?

Ans. In Commodity Monarch Networth Capital offers up to 3 times exposure to its clients.

Q48. Mention a few advantages of Monarch Networth Capital?

Ans. Some of the advantages of Monarch Networth Capital are:

  • It offers a wide variety of trading and investment products.
  • This full-service broker offers reasonable brokerage to its clients
  • Totally free Annual Maintenance charges in both trading and Demat accounts.
  • Provides research reports in all trading segment and effective market analysis.
  • Offers free call and trade facilities.

Q49. Does Monarch Networth Capital offer free mutual fund research?

Ans. Yes, Monarch Networth Capital offers free mutual fund research.

Q50. What are the disadvantages of Monarch Networth Capital?

Ans. The main disadvantages of Monarch Networth Capital are:

  • Trading platforms and terminals, including a mobile app, web-based terminal, and software need to be optimized. So that the usability, speed, and overall user experience will be improved.
  • Proper regular training must be provided to the customer support executives to maintain professionalism and effectively across all calls.
  • Minimal exposure offered to its clients.
  • The broker purely focuses on offline trade and support. Rather it must balance both the online and offline channels equally.
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