Moneysukh Review – Charges, Trading Platforms, Demat Account, Offers & more

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.

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 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.

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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.

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.

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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• 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 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.

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• 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 [email protected] or dial 9638238000 if you have any questions.
• You may contact Moneysukh through many popular social networking sites, including Facebook, Twitter, LinkedIn, and Telegram.

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.

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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.