FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of MyValueTrade Max Rs 10 per trade while the brokerage of Nuvama Wealth Max Rs 10 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 3.5 out of 5. Number of active customer for Nuvama Wealth is 1,73,589 where number of active customer for MyValueTrade is . Nuvama Wealth is serving more customer compare to MyValueTrade.
Here we present side-by-side comparison of MyValueTrade vs Nuvama Wealth share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared MyValueTrade vs Nuvama Wealth's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.
Here we present side-by-side comparison of MyValueTrade vs Nuvama Wealth share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.
To be precise, we have compared MyValueTrade vs Nuvama Wealth's on
This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.
Comparison of MyValueTrade with Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - Nuvama Wealth offer Free account opening where MyValueTrade charges Rs 555 for account opening. Demat AMC charges - MyValueTrade charges Rs 400 PA (Waived for 1st year) AMC for Demat account where Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.
Charges | MyValueTrade | Nuvama Wealth |
---|---|---|
Trading Account Opening Fees | Rs 555 | Free |
Trading AMC | Free | Free |
Demat Account Opening Fees | Free | Free |
Demat AMC | Rs 400 PA (Waived for 1st year) | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] |
Provide DP Service |
Plans are the most important feature you look when compare MyValueTrade with Nuvama Wealth. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy.. Monthly Plans - MyValueTrade provide Monthly Plans where Nuvama Wealth doesn't offer
Plan Types | MyValueTrade | Nuvama Wealth |
---|---|---|
Multiple Plans | ||
Monthly Plans | ||
Yearly Plans |
Zerodha | Nuvama Wealth | |
---|---|---|
Account Opening Request |
MyValueTrade Brokerage Plan detail - This is 10 Rs per executed order plan by MVT, which is half the price Zerodha and RKSV proposing.
Nuvama Wealth Brokerage Plan detail - This plan is available to Online users only. With this plan, Nuvama Wealth is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this plan.
Brokerage Charges Compare | MyValueTrade | Nuvama Wealth |
---|---|---|
Plan Name | Flat Fee Rs 10 Trading Plan | Nuvama Lite |
Equity Delivery | Flat Fee Rs 10 | Flat Rs. 10 per executed order |
Equity Intraday | Flat Fee Rs 10 | Flat Rs. 10 per executed order |
Equity Futures | Flat Fee 10 Rs | Flat Rs. 10 per executed order |
Equity Options | Flat Fee Rs 10 | Flat Rs. 10 per executed order |
Currency Futures | Flat Fee 10 Rs | Flat Rs. 10 per executed order |
Currency Options | Flat Fee Rs 10 | Flat Rs. 10 per executed order |
Commodity Trading | Flat Fee 10 Rs | 0.01% |
Minimum Brokerage | Rs 10 or .01% whichever is lower | NIL |
Hidden Charges | Info Not Available | Info Not Available |
Funding | Info Not Available | Yes - 24% interest PA |
Call & Trade Charges | NA | Rs 20 per call |
Auto Square off Charges | NA | Rs 20 |
Brokerage Calculator | Brokerage Calculator for MyValueTrade | Brokerage Calculator for Nuvama Wealth |
Compare MyValueTrade with Nuvama Wealth on transaction charges and PCM fee by segment.
Transaction Charges Compare | MyValueTrade | Nuvama Wealth |
---|---|---|
Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
Equity Intraday | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
Equity Futures | NSE:200 Per Cr | BSE:FREE | NSE:200 Per Cr | BSE:FREE |
Equity Options | NSE:5050 Per Cr | BSE:3700 Per Cr | NSE:5050 Per Cr | BSE:3700 Per Cr |
Currency Futures | NSE:90 Per Cr | BSE:25 Per Cr | NSE:90 Per Cr | BSE:25 Per Cr |
Currency Options | NSE:4000 Per Cr | BSE:100 Per Cr | NSE:4000 Per Cr | BSE:100 Per Cr |
Commodity | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr |
Brokerage Charges | Complete Brokerage Plans for my-value-trade | Complete Brokerage Plans for nuvama-wealth |
Compare MyValueTrade with Nuvama Wealth on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Nuvama Wealth offers NRI where MyValueTrade doesn't offers NRI Trading.
Account Features Compare | MyValueTrade | Nuvama Wealth |
---|---|---|
3 in 1 Account | ||
Charting | ||
Algo Trading | ||
SMS Alerts | ||
Online Demo | ||
Online Portfolio | ||
Margin Trading Funding Available | ||
Combined Ledger for Equity and Commodity | ||
Intraday Square-off Time | 3:15PM | 3:15PM |
NRI Trading | ||
Other Features | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w MyValueTrade and Nuvama Wealth. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.
Trading Platform Compare | MyValueTrade | Nuvama Wealth |
---|---|---|
Desktop Trading Platform | MVT Trade | Xtreme Trader |
Desktop Demo | Info Not Available | Desktop Demo |
Desktop Platform (Windows) | ||
Desktop Platform (Mac) | ||
Web Trading Platform | ||
Web Trading Detail | https://direct.mastermarts.com/ | https://tlounge.edelweiss.in/Login |
Web Trading Demo | Info Not Available | Info Not Available |
Mobile Site | ||
Mobile Trading | ||
Mobile Trading App | MVT Mobile | Nuvama Mobile Trader |
Mobile Trading App Demo | Info Not Available | Nuvama Mobile Trader Demo |
Android Mobile App | ||
Android App Download | Andriod MVT Mobile Download | Andriod Nuvama Mobile Trader Download |
iPhone Mobile App (IOS) | ||
iOS App Download | iOS MVT Mobile Download | iOS Nuvama Mobile Trader Download |
Android Tablet App | ||
iPad App (IOS) | ||
Trading Software Charges | Info Not Available | Free |
Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for MyValueTrade | Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth |
Futures Brokerage Calculator | Futures Brokerage Calculator for MyValueTrade | Futures Brokerage Calculator for Nuvama Wealth |
Options Brokerage Calculator | Options Brokerage Calculator for MyValueTrade | Options Brokerage Calculator for Nuvama Wealth |
Detail | Detail on Trading Platforms for my-value-trade | Detail on Trading Platforms for nuvama-wealth |
Compare MyValueTrade with Nuvama Wealth on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Nuvama Wealth offers online mutual fund investment option where MyValueTrade doesn't offer. Portfolio Management Services (PMS) - Nuvama Wealth provides PMS Service where MyValueTrade doesn't offer
Investment Offerings Compare | MyValueTrade | Nuvama Wealth |
---|---|---|
Equity Cash and F&O | ||
Currency Deravitives | ||
Commodity | ||
Online IPO Application | ||
Mutual Funds | ||
Bond / NCD | ||
ETF | ||
Banking | ||
Insurance | ||
Forex | ||
MF SIP Investment | ||
Equity SIP Investment | ||
PMS Service | ||
Other Investment Options | NIL | NIL |
Order Type - Compare MyValueTrade with Nuvama Wealth on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Nuvama Wealth provides Cover Orders (CO) where MyValueTrade doesn't offer,Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.
Order Type Compare | MyValueTrade | Nuvama Wealth |
---|---|---|
CNC order | ||
MIS order | ||
NRML order | ||
Cover order | ||
Bracket order | ||
AMO-After Market Orders | ||
GTC-Good Till Cancelled |
Compare MyValueTrade with Nuvama Wealth on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.
Customer Service Compare | MyValueTrade | Nuvama Wealth |
---|---|---|
24/7 Customer Service | ||
Email Support | ||
Onine Live Chat | ||
Phone Support | ||
Toll Free Number | ||
Through Branches | ||
Customer Care Number | Info Not Available | 1800 102 3335 |
Account Opening Process | Info Not Available | Online/Paperless |
Customer Support Email | Info Not Available | [email protected] |
Knowledge Center/Education | Info Not Available | https://www.nuvamawealth.com/investology |
Head Office Address | Info Not Available | Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
Website | Info Not Available | https://www.nuvamawealth.com/ |
Compare MyValueTrade with Nuvama Wealth on research reports and tips provided by the broker.
Compare MyValueTrade with Nuvama Wealth on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.
Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.
Demat AMC for Nuvama Wealth is Free (₹1500 one time charges) where for MyValueTrade is ₹300 pa (Second year onwards). Nuvama Wealth is a better choice in terms of Demat AMC compare to MyValueTrade.
Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.
Transaction charges on debit of ISIN for MyValueTrade is ₹15 where for Nuvama Wealth is 0.02% of transaction value or ₹20 per transaction whichever is higher.You can see this charges on debit of Equity/Mutual Funds from your demat account.
This section covers about demat charges, demat service and other details
Compare MyValueTrade with Nuvama Wealth on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
MyValueTrade | Nuvama Wealth | |
---|---|---|
Pay In and Pay Out Options | Info Not Available | Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Terminal X3,Nuvama Web,Mobile Trader. Pay-out/Fund Withdrawal - Bank Transfer only |
Payout Time | Info Not Available | Upto 24 Hrs except Bank Holidays. |
Bank Supported and Charges | Info Not Available | Info Not Available |
Bank Detail | Info Not Available | Nuvama Wealth, Account Number:EBL1XXXXXXXXX Bank and Branch: CitiBank, Mumbai Account Type: Current Account IFSC Code: CITI0100000 |
Likes |
|
|
Dislikes |
doesn't provide tips and recommendation; doesn't offer automated trading to its clients. |
|
Special Offers/Promo | ||
Enquiry | Open Zerodha Account Now>> | Open Nuvama Wealth Account Now>> |
Last Updated on 2019-07-08T23:37:28+00:00