Know everything about Moneysukh Review here. Started in 1988, Moneysukh is one of the oldest brokers operating in the country.

They have regional headquarters in Mumbai, Chandigarh, Chennai, and Kolkata, and its branches and franchisees are found in more than 300 different places across India.

Founded by J. U. Mansukhani, the company has their headquarters in Delhi. Our review will look at the SWOT analysis, offerings, Moneysukh Charges etc.

Broker Type Discount Broker
Active Clients 8,000+
Account Opening Charges Free
AMC Rs.400 per Year
Delivery Charges Free
Intraday Charges Rs.20 per Trade or 2.5% (Whichever is Low)

Moneysukh - Company Overview

Company Type

Private

Headquarters

New Delhi

Founder

J. U. Mansukhani

Establishment Year

1988

Why Trade or Invest with Moneysukh?

Here is the list of advantages that you should have a look at before opening a Moneysukh account for trading:

  • Over 8,000 people currently use Moneysukh, a discount broker.
  • No cost is incurred for opening an account. However, an annual maintenance charge (AMC) of Rs. 400.
  • Their Intraday trading charges are 2.5% of your trades, or Rs. 20 (whichever is lower).
  • Moneysukh is a good choice for traders who want to keep their trading costs low while still getting the benefits of a discount exchange service because of its valuable services.

Moneysukh Brokerage Charges

Brokerage Plan

Plan A

Subscription Charges

Zero

Equity Delivery

Free

Equity Intraday

Rs.20 per Trade or 2.5% (Whichever is Low)

Equity Future

Rs.20 per Trade or 2.5% (Whichever is Low)

Equity Option

Rs.20 per Trade

Commodity Future

Rs.20 per Trade or 0.03% (Whichever is Low)

Commodity Option

Rs.20 per Trade

Currency Future

Rs.20 per Trade or 0.03% (Whichever is Low)

Currency Option

Rs.20 per Trade
  • Moneysukh provides a brokerage plan accessible via membership at no additional cost. There are no brokerage fees associated with the delivery of stocks.
  • However, the brokerage fee is Rs. 20 per trade or 2.5% of the deal amount (whichever is smaller) for stock intraday and equity futures.
  • The brokerage for stock options trades is Rs. 20.
  • The Moneysukh brokerage charges for all trades involving commodities, currencies, futures, and options cost Rs. 20 or 0.03%, whichever is lower.

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How to Open a Moneysukh Demat Account?

You don’t need to look further to open a Moneysukh Demat Account. Here’s what you need to do:

  • Fill out the account opening form on your screen with your contact details like name, mobile no., email id and city.
  • Someone from Moneysukh will contact you and help you open an account shortly.
  • You must show documents like a copy of your PAN card, AADHAAR, bank information, and other papers needed for proof.
  • Once this is done, they will open the account and send you the login information to the email address you used to sign up.

Types of Moneysukh Trading Platforms Provided

Web Trading Platform

Trading Terminal

Available

Algo Trading Platform

Available

Foreign Stocks Trading Platform

NA

Basket Trading Platform

NA

Mutual Fund Investment Platform

Available

Digital Gold Investment Platform

NA

Bonds Investment Platform

NA

The Moneysukh broker has its own Android as well as iOS app. Moneysukh’s Android and iOS app, which can be downloaded from the Google Play and Apple Store, provides access to many markets and trading instruments.

The trading terminal and algo platform are also available for those interested in more sophisticated features.

The mutual fund investment platform included in the app makes investing in mutual funds simple and convenient for consumers.

Unfortunately, the Moneysukh Android app does not yet support platforms for investing in overseas stocks, basket trading, digital gold, or bonds.

In this Moneysukh review, we will look at detailed features for all of them in the next section.

Moneysukh App & Trading Platforms Features

Wishlist

Yes

Real Time Updates

Yes

Portfolio Details

Yes

Online MF Buy

Yes

Research Reports

No

Global indices

No

Customised Recommendations

Yes

Stock tips

Yes

Interactive charts

Yes

Live market

Yes

Multi Profile Management

No

Robust & Secure Platform

Yes

Here is the list of features related to the Moneysukh App and Trading platforms:

Moneysukh Mobile App

The Moneysukh app allows users to do trading and investing tasks on the go. It will enable instantaneous order placement, real-time market updates, individualised watchlists, and a straightforward UI.

The Moneysukh mobile app has the following significant features:

  • Access real-time stock prices, index values, and market news to make informed investment decisions.
  • Make custom watchlists to monitor the price and performance of the stocks you care about the most.
  • Quickly and easily place orders with only a tap on the screen.
  • Investment Portfolio Tracking and Management Despite Your Busy Schedule
  • The software protects your financial and identification data during transactions.

Moneysukh Web Trading Platform

Any device with a web browser may use Moneysukh’s trading platform. Moneysukh is a digital trading platform that offers several advantages, such as:

  • Access current stock prices, index values, and market depth with real-time market data.
  • Use the platform’s advanced charting capabilities to examine price movements, patterns, and indications.
  • Create as many market watchlists as possible to keep tabs on various stocks, indexes, and other instruments.
  • You can place orders and execute trades quickly and easily on this platform.
  • Control your investments by tracking your holdings, transactions, gains, and losses with Portfolio Management software.
  • Study market trends with the help of research papers, market news, and trading advice.

Moneysukh Trading Terminal

  • Moneysukh provides downloadable software Exe for desktop computers and portable PCs. Traders and investors can use the sophisticated features and tools the programme offers. The Moneysukh desktop application has the following features:
  • Use sophisticated charting applications, technical indicators, and drawing programmes to conduct in-depth technical analysis.
  • Use the software’s algorithmic trading features to create and carry out automated trading strategies.
  • Personalise your trading experience by adjusting your workplace’s look and feel with various screens, layouts, and widgets.
  • Option Chain Data Access, Options Strategy Analysis, and Options Trading Simulation are all part of Options Analysis.
  • Excel can be integrated with the program so that data can be analysed, models can be created, and trading methods can be tested in the past.

Moneysukh Offers

Free Account Opening

Yes

Free AMC

No

Free Brokerage

No

Flat Brokerage

No

Flexible Brokerage Plans

No

Happy Trading Hours

No

Free Delivery Trading

No

Free Intraday Trading

No

Free F&O Trading

No

Free Research Reports

No

Free Trading calls

No

Referral Offers

Rs.150 per Client

Margin Funding / Pledging

Yes

Brokerage Cashback

No

Zero Brokerage for Loss Making Trades

No

Have a look at some of the Moneysukh offers for the traders:

  • Moneysukh does not charge any account opening fee.
  • Moneysukh has referral programmes where current customers may earn rewards for referring their friends and relatives to register an account. Traders can earn 150 INR for every referral.
  • The broker does not offer free and flat brokerage.
  • There are no happy trading hours.

Moneysukh SWOT Analysis

Below we have listed the detailed SWOT analysis for Moneysukh:

Strength

  • Moneysukh’s extensive list of investment opportunities allows its clients to spread their risk across many markets.
  • Moneysukh’s state-of-the-art trading platforms are designed to meet the demands of investors of all stripes. Real-time information, sophisticated graphing utilities, and adaptable user interfaces are all features of these platforms.
  • Moneysukh compiles and publishes in-depth research reports, market insights, and trading suggestions to assist its users in making educated financial decisions.
  • Moneysukh ensures its customers make transactions without suffering astronomical fees by providing them with affordable brokerage rates.

Weakness

  • Clients’ investing alternatives may be constrained due to a lack of diversity and a lack of a foreign stock trading platform.
  • Customers might be unable to handle complicated trading strategies if no basket trading platform is available.
  • Due to Moneysukh’s lack of a digital gold investment platform, customers cannot take advantage of investing in digital gold.

Opportunities

  • Moneysukh has no free brokerage plans.
  • There is no multi-profile management profile available
  • It also lacks the 3 in 1 trading feature offered by other apps.

Threat

  • The brokerage sector is very competitive, and Moneysukh must contend with long-standing firms and up-and-coming rivals.
  • To be compliant and competitive, Moneysukh must respond to changes in legislation and policies that may affect the brokerage sector.
  • Economic downturns or market volatility, which affect investor sentiment and trading activity, could harm Moneysukh’s business.

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Moneysukh Review - Products Offered

Equity Delivery

Yes

Equity Intraday

Yes

Equity Option

Yes

Equity Future

Yes

Commodity Option

Yes

Commodity Future

Yes

Currency Option

Yes

Currency Future

Yes

Foreign Stocks

No

Mutual Funds

No

Banking

No

Insurance

No

Corporate Bonds

No

Govt. Bonds

No

Digital Gold

No

Moneysukh Review - Services Provided

Demat Services

Yes

Trading Services

Yes

Intraday Services

Yes

F&O Services

Yes

IPO Services

Yes

3 in 1 Account

No

Stock Research

No

Stock Recommendations

Yes

Trading Institution

No

Share Pledging

Yes

PMS or PCG

No

NRI Services

No

Moneysukh Research & Advisory

Fundamental Reports

Yes, chargeable

Research Reports

No

Company Reports

No

Annual Reports

No

IPO Reports

Yes, chargeable

Technical Reports

No

Stock Tips

Yes

Daily Top Stock Picks

Yes

Daily Market Review

Yes

Monthly Review

Yes

Weekly Review

Yes

Relationship Manager

No

Robo Advisory

No

  • The research reports you can access via the Moneysukh trading account are always chargeable.
  • The broker charges for its IPO reports. Instead of providing traders with technical analysis, they provide stock advice and daily top stock choices.
  • Moneysukh also provides helpful information by reviewing the daily, monthly, and weekly market.
  • Although they do not provide a personal financial adviser or robo-service, they offer fundamental research reports and stock recommendations to help investors make educated choices.

Moneysukh Margin or Exposure or Leverage

Equity Delivery

1x

Equity Intraday

Upto 5x (Depends on Stocks)

Equity F&O Carry Forward

1x

Equity F&O Intraday

1.3x

Commodity F&O Carry Forward

1x

Commodity F&O Intraday

1.3x

Currency F&O

1x
  • Moneysukh Margin and leverage can help clients to maximise their gains. Customers can make trades with their available cash balance at a margin of 1x for equity delivery.
  • Intraday equity traders can use leverage of up to 5x, depending on the equities traded. Margin requirements are 2x for overnight and intraday bets in stock futures and options.
  • Similarly, the margin for intraday commodity holdings is 1.3x, while it is just 1x for commodity futures and options carry forward. Finally, the margin requirement for currency futures and options is 1x, with no further leverage.

Moneysukh Review - Programs

Sub Broker Program

Yes

Partner Program

Yes

Referral Program

Yes

Moneysukh Review & Rating by Finec.in

Overall Rating

6.00 / 10

Customer Support

5.97 / 10

Technology

6.07 / 10

Charges

6.02 / 10

Products & Service

5.96 / 10

Experience

5.95 / 10

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Moneysukh Customer Support

Trading Support

Yes, chargeable

Dedicated Dealer

Yes, chargeable

Call Support

9638238000

Email Support

Support@moneysukh.com

Whatsapp Support

NA

Website Support

Facebook Support

Twitter Support

Telegram Support

NA

Branches / Offices

NA

  • If you need assistance trading, contact Moneysukh’s Customer Care. That, however, is chargeable. Dealer-specific assistance is also available and is chargeable.
  • Email them to Support@moneysukh.com or dial 9638238000 if you have any questions.
  • You may contact Moneysukh through many popular social networking sites, including Facebook, Twitter, LinkedIn, and Telegram.

Moneysukh Complaints & Feedback

Total Complaints Lodged

2

Total Complaints Resolved

2

% of Resolved Complaints

100.00%

Non Actionable Complaints

0

% of Non Actionable Complaints

0.00%

The Moneysukh customer care support has earned a lot of positive reviews. Only 2 Moneysukh complaints have been submitted thus far, and 2 have been handled.

100% of all concerns have been addressed, which is very good.


Moneysukh Charges

The Moneysukh account opening charges are nil, and the yearly maintenance charges (AMC) are Rs. 400 per year.

Let us have a look at some of the other charges that a trader should know:

  • For equity delivery, both buying and selling trades cost 0.1%.
  • The sell transaction on an Equity Intraday trade costs 0.025%, while the sell transaction on an equity future costs 0.0125%.
  • Equity options have a charge of 0.125% when you buy them and an amount of 0.0625% when you sell them.
  • When you sell commodity futures, you have to pay 0.01%; when you sell commodity options, you have to pay 0.05%. But there are no fees for currency futures and currency options.

Depending on what you are selling or investing in, stamp tax costs can range from 0.0001% to 0.015%.

In the same way, transaction fees can be anywhere from 0.0005% to 0.05%, based on the market and the product.

The trader should have a look at Moneysukh hidden charges to know about every aspect of the broker. It is advisable to review them before moving forward.

Moneysukh Account Opening Charges

Account Opening Charges

Free

Annual Maintenance Charges (AMC)

Rs.400 per Year

Moneysukh STT & CTT Charges

Equity Delivery

0.1% on buy & sell

Equity Intraday

0.025% on sell

Equity Future

0.0125% on sell

Equity Option

0.125% on buy, 0.0625% on sell

Commodity Future

0.01% on sell

Commodity Option

0.05% on sell

Currency Future

Nil

Currency Option

Nil

Moneysukh Stamp Duty Charges

Equity Delivery

0.015% on buy

Equity Intraday

0.003% on buy

Equity Future

0.002% on buy

Equity Option

0.003% on buy

Commodity Future

0.002% on buy

Commodity Option

0.003% on buy

Currency Future

0.0001% on buy

Currency Option

0.0001% on buy

Moneysukh Transaction Charges

Equity Delivery

0.00325% (NSE) & 0.00375% (BSE)

Equity Intraday

0.00325% (NSE) & 0.00375% (BSE)

Equity Future

0.0019% (NSE & BSE)

Equity Option

0.05% (on premium)

Commodity Future

0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)

Commodity Option

0.05% (Non Agri)

Currency Future

0.0009% (NSE) & 0.00025% (BSE)

Currency Option

0.035% (NSE) & 0.001% (BSE)

Moneysukh Pledge Charges

Pledge Creation Charges

Rs.30 per Scrip

Pledge Invocation Charges

Rs.30 per Scrip

Interest on Margin Trading

0.035% per day

Moneysukh Hidden Charges

SEBI Turnover Charges

Rs.10/ Crore (All Segment)

DP Charges

Rs.13.5 per Scrip only on Sell

GST

18% on (Brokerage + SEBI + Transaction charges)

Account Closure Charges

Nil

Reactivation Charges

Nil

Dematerialisation Charges

Rs.50 per Certificate

Call & Trade Charges

Rs.50 per order


Moneysukh Review – Conclusion

So this was an essential Moneysukh Review which will help you. Moneysukh provides its client with various investing and trading services supported by cutting-edge trading platforms, in-depth research reports, and low brokerage fees.

Investors who want to get a piece of the stock market action will find it appealing due to the variety of investment opportunities and the accessibility of the platforms.

Moneysukh might be better if it had more accessible customer assistance and information for newcomers.

For successful trading and investing in the financial markets, Moneysukh is a solid starting point.


FAQs on Moneysukh

Here is a list of FAQs related to the Moneysukh Review:

Is Moneysukh a Safe Broker?

Yes, Moneysukh is a safe broker.

Is Moneysukh Good for Beginners?

Yes, Moneysukh is suitable for beginners.

How many active clients does Moneysukh have?

Moneysukh has a large number of active clients.

Who is the Founder of Moneysukh?

The founder of Moneysukh is Virender Mansukhani.

Does Moneysukh provide Free Delivery Trading?

Yes, Moneysukh offers free delivery trading.

What are Intraday Trading Charges in Moneysukh?

The intraday trading charges in Moneysukh are competitive.

What are Moneysukh F&O Charges?

Moneysukh has reasonable F&O charges.

Does Moneysukh charge for Commodity Trading?

Yes, Moneysukh charges for commodity trading.

Does Moneysukh charge for Currency Trading?

Yes, Moneysukh charges for currency trading.

Does Moneysukh provide Research?

Yes, Moneysukh offers research services.

How to contact Moneysukh Customer Care?

Contact Moneysukh’s customer care through phone or email.

How much is AMC in Moneysukh?

The AMC in Moneysukh is competitively priced.

What are Account Opening Fees in Moneysukh?

Moneysukh has nominal account opening fees.

What are Pledge Creation Charges in Moneysukh?

Moneysukh levies pledge creation charges.

How much are Pledge Invocation Fees in Moneysukh?

Moneysukh charges fees for pledge invocation.

Does Moneysukh levy any Interest on Margin Trade Funding?

Moneysukh may charge interest on margin trade funding.

What are DP Charges in Moneysukh?

Moneysukh has DP charges for Demat services.

Does Moneysukh levy any Account Closure Fees?

Moneysukh may charge fees for account closure.

What are Account Reactivation fees in Moneysukh?

Moneysukh may charge fees for account reactivation.

What are Call & Trade Charges in Moneysukh?

Moneysukh has call & trade charges for assisted order placement.


 

Customer ratings and reviews of Moneysukh

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