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MONARCH NETWORTH CAPITAL LTD Complaints

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Complaint against MONARCH NETWORTH CAPITAL LTD Broker

MONARCH NETWORTH CAPITAL LTD brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the MONARCH NETWORTH CAPITAL LTD customers. The MONARCH NETWORTH CAPITAL LTD complaints report analyzes the MONARCH NETWORTH CAPITAL LTD online complaint data provided by BSE and NSE. This report shows the health of the broker.

These complaints are serious grievances against MONARCH NETWORTH CAPITAL LTD broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.

The MONARCH NETWORTH CAPITAL LTD complaint no. report also provides MONARCH NETWORTH CAPITAL LTD’s number of active clients. This shows the growth of the broker year on year.

MONARCH NETWORTH CAPITAL LTD Complaints

Exchange	Financial Year	Total Complaints	Active Clients
NSE	2024-25	6	59,619
BSE	2023-24	3	22,288
NSE	2023-24	8	58,273
BSE	2022-23	3	16,654
NSE	2022-23	7	55,152
BSE	2021-22	2	14,577
NSE	2021-22	9	58,574
BSE	2020-21	1	13,771
NSE	2020-21	23	54,680
BSE	2019-20	3	13,689
NSE	2019-20	26	51,480
NSE	2018-19	21	48,784
BSE	2017-18	4	26,335
NSE	2017-18	23	54,858
BSE	2016-17	3	23,531
NSE	2016-17	32	45,555
BSE	2015-16	1	13,269

MONARCH NETWORTH CAPITAL LTD complaint at NSE

	2024-25	2023-24	2022-23
Active Clients	59619	58273	55152
Complaints	6	8	7
Resolved through the exchange	0	8	5
Non actionable	0	0	1
Advised / Opted for arbitration	0	0	0
Pending for redressal with exchange	6	0	1
No. of arbitration filed by clients	0	0
Decided by arbitrators in favour of the clients	0	0
Decided by the arbitrators	0	0
Pending for redressal with arbitrators	0	0

MONARCH NETWORTH CAPITAL LTD complaint at BSE

	2023-24	2022-23	2021-22
Active Clients	22288	16654	14577
Complaints	3	3	2
Resolved through the exchange	3	3	2
Non actionable	0	3	1
Advised / Opted for arbitration	0	0	0
Pending for redressal with exchange	0	0	0
No. of arbitration filed by clients	0	1	0
Decided by arbitrators in favour of the clients	0	1	0
Decided by the arbitrators	0	0	0
Pending for redressal with arbitrators	0	0	0

Note:

* Including against its sub brokers, authorised persons, employees, etc.
** Non actionable means the complaint that are incomplete / outside the scope of the Stock Exchange

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3 Comments

3. Rekha ojha

| Link|May 14, 2024 9:33:53 AMReply

Very bad service. Till now I have worked with many other companies but this one is stealing money wrongfully. If you are in little loss then it will show and make your loss amounts huge, like your loss is Rs. 10000 in evening 3 p.m. then the very next day in the morning at 9 a.m. , it will show that your loss is Rs. 40000 . The company changes the ledger according to its will to make its own profits by stealing money of its clients. These things have happened several times with me. Waiting for a reply from company, which if fails to comes will account for legal actions against the company

2. Padmanabha

| Link|September 15, 2020 10:48:52 AMReply

Traders on Monarch networth capital needs to be very careful and keep control on their stocks since the Monarch Intsta trading software has issues and many a times does not update the stock quantities. Another major issue is with their Global profit loss statement derived from techexcel software wherein the cost and quantity position of stocks are supposed to be updated daily. This does not happen resulting in wrong cost position against stocks and trader may end up in losses if he picks cost from here while trading on day to day basis. Please be careful.

1. Prabhakar

| Link|May 18, 2018 1:36:28 PMReply

It's almost 2 months over since I joined in your network by investing 50,000 INR and right now I have only 36,777 INR in my account with total loss as you have appointed a person to be in charge since I am new to this but total loss, around 13K of my money completely wasted and I called them today to ask for payout and close the account, They said ok we will do it, really very worst service I ever had.