MyValueTrade Vs Fyers

Here we present 1 on 1 comparison of MyValueTrade vs Fyers Securities share brokers in India. The comparison is based on more than 50 attributes for clear decision making.To be precise, we have compared MyValueTrade vs Fyers's on brokerage plans,Plan types,customer service, maintenance fees, tools, rating, reviews,trading features and investment options provided to Indian share market investors.This will help you in make up your mind and clear things for you so that you can choose the best broker for youself.

Compare MyValueTrade vs Fyers Securities - Broker type and exchange supported
  MyValueTrade Logo
MyValueTrade
Fyers Securities Logo
Fyers Securities
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX NSE
Broker Overview On the surface, it is easy to understand what My Value Trade is trying to accomplish, being the dream broker. The homepage claims My Value Trade offers everything from simplified, unlimited and powerful discount Trading. Fyers Securities is the fresh breeze in the online discount brokerage industry that differentiates themselves from others in line by taking one step ahead by introducing thematic investing, advisory and recommendation services for smart investment.
Broker Enquiry Open an Online Trading Account with MyValueTrade. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Fyers. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare MyValueTrade vs Fyers Securities - Trading and Demat Account Charges
  MyValueTrade Fyers Securities
Trading Account Opening Fees What is this parameter? Rs 555 NIL
Trading AMC What is this parameter? Nil NIL
Demat Account Opening Fees What is this parameter? NIL NIL
Demat AMC What is this parameter? 400 Rs Per Year (First year free) Rs 400
Provide DP Service What is this parameter? Yes No
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About Brokerage Plans

Compare MyValueTrade vs Fyers Securities - Plan Options
  MyValueTrade Fyers Securities
Monthly Plans What is this parameter? Yes No
Yearly Plans What is this parameter? Yes No
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Contact Broker / Request A Call Back

  MyValueTrade Fyers Securities
Contact / Request Call Back
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Brokerage Charges

Compare MyValueTrade vs Fyers Securities - Brokerage Charges
  MyValueTrade Fyers Securities
Plan Name What is this parameter? Per Order Executed Rs 20 Plan
Plan Description What is this parameter? This is 10 Rs per executed order plan by MVT, which is half the price Zerodha and RKSV proposing. Trade in any segment with competitive brokerage of max Rs 20.
Equity Delivery What is this parameter? 10 Rs .1% or Rs 20
Equity Intraday What is this parameter? 10 Rs .01% or Rs 20
Equity Futures What is this parameter? 10 Rs .01% or Rs 20
Equity Options What is this parameter? 10 Rs Rs 20
Currency Futures What is this parameter? 10 Rs Rs 20
Currency Options What is this parameter? 10 Rs Rs 20
Commodity Trading What is this parameter? 10 Rs NA
Minimum Brokerage What is this parameter? Rs 10 or .01% whichever is lower
Brokerage Calculator Brokerage Calculator for my-value-trade Brokerage Calculator for fyers
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Share Broker's Transaction/Turnover Charges

Compare MyValueTrade vs Fyers Securities - Transaction/Turnover Charges
  MyValueTrade Fyers Securities
Equity Delivery What is this parameter? Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday What is this parameter? Rs 325 Per Cr Rs 325 Per Cr
Equity Futures What is this parameter? Rs 300 Per Cr Rs 240 Per Cr
Equity Options What is this parameter? Rs 6000 Per Cr Rs 5900 Per Cr
Currency Futures What is this parameter? Rs 120 Per Cr Rs 175 Per Cr
Currency Options What is this parameter? Rs 4200 Per Cr Rs 6500 Per Cr
Commodity What is this parameter? 0.0025% NA
Brokerage Charges Complete Brokerage Plans for my-value-trade Complete Brokerage Plans for fyers
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Trading Features

Compare MyValueTrade vs Fyers Securities - Trading Feature and platform
  MyValueTrade Fyers Securities
3 in 1 Account What is this parameter? No No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? Yes Yes
After Trading Hour Orders What is this parameter? Yes Yes
Good Till Cancelled (GTC) What is this parameter? Yes Yes
SMS Alerts What is this parameter? No No
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? No No
Margin Trading Funding Available What is this parameter? Yes No
Combined Ledger for Equity and Commodity What is this parameter? Yes No
Intraday Square-off Time What is this parameter? 3:15PM 3:15PM
NRI Trading What is this parameter? No No
Other Features What is this parameter? Free Call & trade Free Call & trade
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Trading Platform

Compare MyValueTrade vs Fyers Securities - Trading Platform
  MyValueTrade Fyers Securities
Desktop Trading Platform What is this parameter? MVT Trader, MVT Classic Fyers One
Desktop Platform (Windows) What is this parameter? Yes Yes
Desktop Platform (Mac) What is this parameter? No No
Web Trading Platform What is this parameter? Yes Yes
Web Trading Detail What is this parameter? https://direct.mastermarts.com/ Fyers Web Trader -http://webtrader.fyers.in/userMaster/login
Mobile Site What is this parameter? No No
Mobile Trading What is this parameter? Yes Yes
Mobile Trading App What is this parameter? MVT Mobile Fyers Markets
Android Mobile App What is this parameter? Yes Yes
iPhone Mobile App (IOS) What is this parameter? No Yes
Android Tablet App What is this parameter? Yes Yes
iPad App (IOS) What is this parameter? No Yes
Detail Detail on Trading Platforms for my-value-trade Detail on Trading Platforms for fyers

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Broker Ratings by Users

Compare MyValueTrade vs Fyers Securities - Rating
  MyValueTrade Fyers Securities
  9 Customer Reviews    Rate MyValueTrade 5 Customer Reviews    Rate Fyers
Fees Ratings 3.7 3.4
Trading Brokerage Rating 4.0 3.8
Trading Platform Usability 3.2 4.2
Customer Service Ratings 3.2 4.0
Overall Ratings Rated 3.2 stars Rated 3.8 stars
Broker Rating MyValueTrade is Rated 3.2 / 5 based on 9 customer reviews Fyers is Rated 3.8 / 5 based on 5 customer reviews
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Investment Services

Compare MyValueTrade vs Fyers Securities - Investment Options
  MyValueTrade Fyers Securities
Equity Cash and F&O What is this parameter? Yes Yes
Currency Deravitives What is this parameter? Yes Yes
Commodity What is this parameter? No No
Online IPO Application What is this parameter? No No
Mutual Funds What is this parameter? No Yes
Bond / NCD What is this parameter? No No
Debt What is this parameter? No No
ETF What is this parameter? Yes Yes
Banking What is this parameter? No No
Insurance What is this parameter? No No
Forex What is this parameter? No No
SIP Investment What is this parameter? No No
Other Investment Options What is this parameter?
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Customer Service Offered

Compare MyValueTrade vs Fyers Securities - Customer Service Offerance
  MyValueTrade Fyers Securities
24/7 Customer Service What is this parameter? No No
Email Support What is this parameter? Yes Yes
Onine Live Chat What is this parameter? Yes No
Phone Support What is this parameter? Yes Yes
Toll Free Number What is this parameter? No No
Through Branches What is this parameter? No No
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Tips/Research/Reports Published

Compare MyValueTrade vs Fyers Securities - Research, Tips Reports
  MyValueTrade Fyers Securities
Research Mutual Funds What is this parameter? No No
Research Equity Reports What is this parameter? No No
Research ETF What is this parameter? No No
Daily Market Report What is this parameter? No No
Free Tips What is this parameter? No No
Quarterly Result Analysis What is this parameter? No No
News Alerts What is this parameter? No Yes
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Demat Account

Compare MyValueTrade vs Fyers Securities - Demat Account
  MyValueTrade Fyers Securities
DP Source NSDL CDSL
Demat Account Annual Maintenance Charges(AMC) NIL 400 - Individual, 500 - Non Individual
Advance Deposit Rs. 2000/-in advance of which Rs. 1000/- is refundanble/ adjusted on closure of A/c and/or change of scheme after one year from the date of A/c opening for Scheme A NIL
Statutory charges Nil NIL
Transaction Charges on Debit (Per ISIN) Rs. 12/- for each debit instruction Flat Rs 20 + 5.5 (CDSL charges)[On and Off Market Orders]
Demat Rs. 20/- per DRF plus Rs. 3/- per certificate 2 per certificate + Rs.35 courier charges
Remat Rs. 20/- per every 100 securities or part thereof; or a flat fee of Rs. 20/- per certificate which ever is higher is payable Rs 25
Pledge Creation Rs. 50/- 0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250
Pledge Creation Confirmation Nil 0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250
Pledge Closure Rs. 25/- 0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250
Pledge Closure Confirmation Nil 0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250
Pledge Invocation Rs. 25/- 0.02% of the transaction value subject to a minimum of Rs 50 + depository charges at actually
Failed Instruction Charges Rs. 20/- per intimation per instruction Rs 30 per transaction
Other Charges Cheque Bounce- Rs. 350/- Physical Statement - Rs. 50/- (Courier charges) Modification in CML - Rs. 50/- per request

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Special Offers,Advantages,Disadvantages

Compare MyValueTrade vs Fyers Securities - Special Offers and Promotion
  MyValueTrade Fyers Securities
Likes

Only discount broker that is offering Flat rate yearly plan along with per executed order and monthly plan in all segments; No AMC for trading and first year AMC waived off for Demat account; convenient single trading platform for all segments ; easy one website login for trading and back office support.

More Advantages...

  1. Investment in mutual funds and advice on investment.
  2. Fyers trading and demat account opening is free and no minimum balance is required to open the account.
  3. In house and unique portfolio investment for new entrants in market called thematic investing at Rs 100 per theme.
  4. More Advantages...

Dislikes

doesn't provide tips and recommendation; doesn't offer automated trading to its clients.

More Disadvantages...

  1. Trading can be done on NSE only.
  2. No own DP service,they have tie-up with IL&FS for demat services.
  3. Automated trading, bracket and cover orders are not available.
  4. DP charges on selling is higher compared to other discount brokers.

More Disadvantages...

Special Offers/Promo
Enquire about MyValueTrade Enquire about Fyers

Guaranteed Save 60% to 90% Brokerage + Taxes

ProStocks, The Flat Rate Discount Stock Broker

Fix Price - Rs 15 Per Trade


Rs 899/Month,8999/Year for
Equity Cash and F&O

Rs 499/Month,4999/Year for
Currency Derivatives

Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty

Get FREE Trading + Demat Acct

Zerodha  Zerodha

Free Delivery trading

Max Rs 20 Per Trade for F&O

zerodha

Sharekhan

Beginner, seasoned investor, active trader or HNI. Get customised solutions.

Rs 0 account opening fee on Online Trading and a Demat Account
(Rs 1150 waived)

sharekhan

angel-broking  Angel Broking

Free Equity Delivery Trades
Flat 20% discount on online transaction

angel-broking



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