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Sovereign vs Monarch

Pick Monarch if you live in the US or Canada and want budgeting, cash flow and net worth for a household, with 13,000+ connected institutions. Pick Sovereign if you hold assets in several currencies or countries and want to see how the tax rules of 165 countries affect them.

Last checked: 3 November 2026

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FeatureSovereignMonarch
PriceFree plan. Tracker ($10/mo or $96/yr) and Sovereign ($29/mo or $290/yr). Paid tiers have not opened yet: during the open beta every account gets the full product.$14.99 a month or $99.99 a year. Plus, with forecasting and business tracking, is $199.99 a year (pricing page, 6 November 2026).
Free plan or trialFree forever: up to 20 manual holdings with live prices, 1 crypto exchange connected by API and 1 year of history.No free plan: paid subscriptions only. The first week is free.
Crypto17 exchanges by read-only API (Binance, Coinbase, Kraken, OKX, Bybit and more), plus wallet and DeFi sync for EVM chains and Solana.Crypto can be tracked as investment holdings.
Banks and brokersInteractive Brokers, Trading 212, DEGIRO by statement PDF, and 30+ brokers through SnapTrade (Fidelity, Schwab, Vanguard, AJ Bell and more).13,000+ institutions through Plaid, Finicity and MX, including banks, cards, loans and investment accounts.
Real estate and private assetsReal estate, businesses and collectibles, entered by hand with optional appreciation rates.Home values from Zillow and vehicles from VinAudit (US only), company equity, and manual accounts for other assets.
Multi-currencyYes. Holdings can use different currencies, with FX.No. All amounts show with $ and are not converted. Monarch recommends USD or CAD accounts only.
Tax across countriesTax engine for 165 countries: capital gains, dividends, crypto rules, foreign income and residency thresholds, compared side by side.No country tax rules stated. CSV downloads for your tax records; Plus adds business tracking.
Residency and relocationDays-in-country tracker with residency tests and Schengen 90/180, a sovereignty index, and a relocation copilot.Not stated on their site.
Simulations and stress testsProjections after tax and inflation, stress tests (deep falls, 2008, Covid 2020, 2022 rates, or your own), a Monte Carlo band, sandbox scenarios, and an AI what-if bar.Forecasting tools on the Plus tier.
AI featuresAI chat over your portfolio, a tailored AI monitor, and an MCP connector for your own AI agent.AI assistant chat, AI transaction categories, and an MCP connector for Claude, ChatGPT and other AI tools.
PlatformsWeb app, plus Telegram and email digests.Web, iOS and Android.
Import and exportScreenshot and PDF statement imports. Export your full dataset to JSON.CSV import of transactions and balances. CSV download of transaction and balance history.

Monarch facts come from Monarch's own pages, listed under Sources. Prices are in US dollars and can change.

Is Sovereign a Monarch alternative?

For international wealth, yes. For a US household budget, Monarch fits better.

  • Monarch is built around budgets, cash flow and goals, with net worth alongside.
  • Sovereign is built around net worth across asset classes, currencies and countries.
  • Monarch recommends connecting USD or CAD accounts only. Sovereign holdings can use different currencies.

Which handles more than one currency?

Sovereign. Monarch's help center says it does not convert currencies.

  • Monarch shows every amount with $, so 10,000 CAD and 10,000 USD add up to $20,000.
  • Monarch says it has no plans to expand currency support in the near future.
  • Sovereign stores each holding in its own currency and converts with FX.

Which tracks taxes across countries?

Sovereign. Monarch does not describe country tax rules.

  • Sovereign's engine covers capital gains, dividends, crypto rules, foreign income and residency thresholds in 165 countries.
  • Monarch lets you download your history as CSV for your taxes, and Plus separates business income.
  • Sovereign is decision support, not a filed tax return.

How do prices compare?

Monarch is paid only. Sovereign has a free plan.

  • Monarch: $14.99 a month or $99.99 a year, billed in USD, with the first week free. Plus is $199.99 a year.
  • Sovereign: Free forever: up to 20 manual holdings with live prices, 1 crypto exchange connected by API and 1 year of history.
  • Sovereign paid plans: Tracker ($10/mo or $96/yr) and Sovereign ($29/mo or $290/yr).
  • Paid tiers have not opened yet: during the open beta every account gets the full product.

Where Monarch is better

  • Budgeting, cash flow, recurring charges and goals for day-to-day money.
  • 13,000+ connected institutions, including banks and credit cards.
  • Automatic home values from Zillow and car values from VinAudit (US).
  • Shared view for partners at no extra cost.
  • Forecasting and business tracking on the Plus tier.
  • Native iOS and Android apps.

Who should pick Sovereign

  • You hold assets in more than one currency or country.
  • You hold crypto on several exchanges and want them synced by API.
  • You want to compare the tax effect of living in another country.
  • You want a free plan before you pay.

Try the live demo with sample portfolios, no sign-up. Read more about the international net worth tracker, wealth taxes compared and the plans.

Other comparisons

Sources

We read each page on 3 November 2026. Sovereign facts come from our own product and pricing.

Monarch is a trademark of its owner. This page is not made with or approved by Monarch. Did you find an error? Tell us, with the source.

This page is general information. It is not financial, tax, legal or investment advice. Ask a qualified adviser before you make a decision.