MONARCH NETWORTH CAPITAL LTD Consumer Complaints

Complaint against MONARCH NETWORTH CAPITAL LTD Broker

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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 consumer 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 Consumer Complaints

Exchange Financial Year Number of Clients   ? Total Complaints  ? %
BSE 2020-21 13,771 1 0.01%
NSE 2020-21 54,141 20 0.04%
BSE 2019-20 13,689 3 0.02%
NSE 2019-20 51,480 26 0.05%
NSE 2018-19 48,784 21 0.04%
BSE 2017-18 26,335 4 0.02%
NSE 2017-18 54,858 23 0.04%
BSE 2016-17 23,531 3 0.01%
NSE 2016-17 45,555 32 0.07%
BSE 2015-16 13,269 1 0.01%

MONARCH NETWORTH CAPITAL LTD complaint at NSE

2020-212019-202018-19
Defaulter Yes/NoNoNoNo
No. of clients at the beginning of the year
No. of active clients541415148048784
No. of complaints received *202621
Resolved through the exchange172320
Non actionable **220
Advised / Opted for arbitration010
Pending for redressal with exchange101
No. of arbitration filed by clients11
Decided by arbitrators in favour of the clients01
Decided by the arbitrators01
Pending for redressal with arbitrators10
% of No. of complaints as against No. of active clients0.030.050.04
% of complaints resolved as against complaints received9510095.23

MONARCH NETWORTH CAPITAL LTD complaint at BSE

2020-212019-202017-18
Defaulter Yes/NoNoNoNo
No. of clients at the beginning of the year470727254733227717
No. of active clients137711368926335
No. of complaints received *134
Resolved through the exchange135
Non actionable **000
Advised / Opted for arbitration001
Pending for redressal with exchange000
No. of arbitration filed by clients000
Decided by arbitrators in favour of the clients000
Decided by the arbitrators000
Pending for redressal with arbitrators000
% of No. of complaints as against No. of active clients000.02
% of complaints resolved as against complaints received100100125

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

Contact MONARCH NETWORTH CAPITAL LTD

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Are you a day trader?

3 Comments

Padmanabha
3. Padmanabha  Sep 15, 2020 09:48 I Like It. | Report Abuse Reply 0
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.
Virjanand Rastogi
2. Virjanand Rastogi  Apr 3, 2019 14:11 I Like It. | Report Abuse Reply 0
Sir,
Client Code : 917166 Name : Virjanand Rastogi

Its a urgent matter need to update you the mischief going on Monarch Networth Capital PVT LTD kanpur office MONARCH NEWORTH CAPITAL office Franchisee MR "SHOIEBH " he came to me for MCX commodity trading and share trading he convinced us for the big dreams showed us big profits and asked us to pay 3,00,000 /- as per his insist we decide to go ahead for 1,00,000 initial start up we signed up the form and submit our all legal documents on which he convince us and to make a concrete trust . now after few days he came again for the amount to invest also he asked us to give him the original form giving us the reasoning that we have to submit this form for some technical reason and said that he will return it back .But since he took our original form and amount he never came back also we tried contacting him on his number he ignore our call and sometime he give his phone to his colleague answering that Mr shoebh is in a meeting we very well know by night 8 to 9 there is no meeting going on regarding this share trading also if we accept he had meeting he is busy since three month before that he was not busy wen he came to pickup my payment and without my concern he has played on share market .you can trace out all recordings . we are writing this for positive judgement as we are not getting clear picture of our trading account we also asked him lot of time to mail us and get me the details for our statement now tell us this how the people are cheating and playing with emotions as well as our hard earned money all we trusted the company name on this basis of company goodwill we trust this Shoebh as he had franchise for MONARCH but the company is recruiting these sort of person who is doing fraud with the clients its not fair. me myself is running 69 years as well as my wife is CKD 5 patient she has lost her kidney she is going on dialysis in Delhi. This Guy Shoeibh came to our office that uncle its my mistake im admitting my all mistake take all your compaints back and i will return you your amount soon he gave us the date but never turned back again we mailed then again he came n said uncle im in trouble give me some time i will give all your amount soon he was just passing the days y days to linger on the matter after few months passed away we called up and asked for our amount he said i will not pay your amount do whatever you want to do im running franchise i can open my account with other family name . we have all telephonic recording wat he had made at that moment of time .We want justice .we want a strict action to be taken against this company and this person .

Regards
Virjanand Rastogi
998120773
Grievances
2.1. Grievances  Apr 4, 2019 16:27 I Like It. | Report Abuse 0
Dear Sir,

You are esteemed client of our organization and thanks for your continued patronage with us,

We appreciate your patience while your complaint was under process,

After investigating and analysing through available data & records , we have come to conclusion on following points,

•      Out of total trades done in your account , 98% of trades were done through online way from your end by web base or mobile application
•      ECN & SMS have been sent on your registered email id and mobile numbers respectively on daily basis during the period you have traded
•      Monthly ledger statements have been sent on your registered email id every month
•      During the time you traded with us , you were completely aware about your ledger & financials with us
•      Our AP (SHOEB ) already have reverted you through his email id against your query on 26th December 2018 , keeping in CC our regional head
•      To substantiate the facts of your awareness about the trades being done in your trading account , were verified by us through available verifiable instruments ,mediums & records
•      Basis on the facts and evidences available , we strongly deny your claim of losses being done in your account with us by way of unauthorized trades , as 98% of trades were done from your end only


Regards

Team MNCL

Prabhakar
1. Prabhakar  May 18, 2018 12:36 I Like It. | Report Abuse Reply 0
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.








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