Here we present 1 on 1 comparison of MyValueTrade vs MDirect 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 MDirect'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.
 MyValueTrade |
 MDirect |
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| Overall Rating | ||
| Brokerage Charges | ||
| Trading Platform | ||
| Investments Offering | ||
| Customer Service | ||
Broker Type
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Discount Broker | Discount Broker |
| Exchanges Supported
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BSE, NSE, MCX | BSE,NSE,MCX,NCDEX,MSEI |
| 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. | MDirect, a Discount Broker providing customers trading across all segments augmented with research reports, daily newsletters through email or SMS at simple and inexpensive price. |
| Broker Enquiry |  |
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| MyValueTrade | MDirect | |
|---|---|---|
| Trading Account Opening Fees
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Rs 555 | Rs 500 |
| Trading AMC
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Nil | Nil |
| Demat Account Opening Fees
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NIL | Rs 200 |
| Demat AMC
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400 Rs Per Year (First year free) | RS 400/p.a - Waived for 1st year |
| Provide DP Service
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| MyValueTrade | MDirect | |
|---|---|---|
| Monthly Plans
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| Yearly Plans
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| MyValueTrade | MDirect | |
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| Contact / Request Call Back |
| MyValueTrade | MDirect | |
|---|---|---|
| Plan Name
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Per Order Executed | Rs 18 Per Trader Plan |
| Plan Description
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This is 10 Rs per executed order plan by MVT, which is half the price Zerodha and RKSV proposing. | Flat Rs 18 Per Trader Plan. |
| Equity Delivery
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10 Rs | Rs 18 per executed order |
| Equity Intraday
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10 Rs | Rs 18 or 0.01 % whichever is lower |
| Equity Futures
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10 Rs | Rs 18 per executed order |
| Equity Options
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10 Rs | Rs 18 per executed order |
| Currency Futures
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10 Rs | Rs 18 per executed order |
| Currency Options
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10 Rs | Rs 18 per executed order |
| Commodity Trading
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10 Rs | Rs 18 per executed order |
| Minimum Brokerage
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Rs 10 or .01% whichever is lower | |
| Brokerage Calculator | Brokerage Calculator for my-value-trade | Brokerage Calculator for mdirect |
| MyValueTrade | MDirect | |
|---|---|---|
| Equity Delivery
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Rs 325 Per Cr | Rs 325 Per Cr |
| Equity Intraday
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Rs 325 Per Cr | Rs 325 Per Cr |
| Equity Futures
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Rs 300 Per Cr | Rs 350 Per Cr |
| Equity Options
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Rs 6000 Per Cr | Rs 8000 Per Cr |
| Currency Futures
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Rs 120 Per Cr | Rs 215 Per Cr |
| Currency Options
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Rs 4200 Per Cr | Rs 7000 Per Cr |
| Commodity
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0.0025% | |
| Brokerage Charges | Complete Brokerage Plans for my-value-trade | Complete Brokerage Plans for mdirect |
| MyValueTrade | MDirect | |
|---|---|---|
| 3 in 1 Account
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| Charting
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| Automated Trading
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| After Trading Hour Orders
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| Good Till Cancelled (GTC)
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| SMS Alerts
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| Online Demo
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| Online Portfolio
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| Margin Trading Funding Available
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| Combined Ledger for Equity and Commodity
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| Intraday Square-off Time
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3:15 pm | 3:15 pm |
| NRI Trading
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| Other Features
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| MyValueTrade | MDirect | |
|---|---|---|
| Desktop Trading Platform
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MVT Trader, MVT Classic | Nest Plus |
| Desktop Platform (Windows)
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| Desktop Platform (Mac)
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| Web Trading Platform
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| Web Trading Detail
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https://direct.mastermarts.com/ | Mdirect Nest Plus |
| Mobile Site
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| Mobile Trading
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| Mobile Trading App
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MVT Mobile | Mdirect |
| Android Mobile App
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| iPhone Mobile App (IOS)
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| Android Tablet App
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| iPad App (IOS)
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| Detail | Detail on Trading Platforms for my-value-trade | Detail on Trading Platforms for mdirect |
| MyValueTrade | MDirect | |
|---|---|---|
9 Customer Reviews  |
Customer Reviews |
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| Fees Ratings |  |
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| Trading Brokerage Rating |  |
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| Trading Platform Usability |  |
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| Customer Service Ratings | |
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| Overall Ratings | |
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| Broker Rating | MyValueTrade is Rated 3.2 / 5 based on 9 customer reviews |
| MyValueTrade | MDirect | |
|---|---|---|
| Equity Cash and F&O
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| Currency Deravitives
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| Commodity
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| Online IPO Application
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| Mutual Funds
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| Bond / NCD
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| Debt
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| ETF
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| Banking
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| Insurance
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| Forex
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| SIP Investment
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| Other Investment Options
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NA |
| MyValueTrade | MDirect | |
|---|---|---|
| 24/7 Customer Service
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| Email Support
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| Onine Live Chat
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| Phone Support
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| Toll Free Number
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| Through Branches
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| MyValueTrade | MDirect | |
|---|---|---|
| Research Mutual Funds
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| Research Equity Reports
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| Research ETF
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| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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| MyValueTrade | MDirect | |
|---|---|---|
| DP Source | NSDL | |
| Demat Account Annual Maintenance Charges(AMC) | NIL | |
| 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 | |
| Statutory charges | Nil | |
| Transaction Charges on Debit (Per ISIN) | Rs. 12/- for each debit instruction | |
| Demat | Rs. 20/- per DRF plus Rs. 3/- per certificate | |
| 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 | |
| Pledge Creation | Rs. 50/- | |
| Pledge Creation Confirmation | Nil | |
| Pledge Closure | Rs. 25/- | |
| Pledge Closure Confirmation | Nil | |
| Pledge Invocation | Rs. 25/- | |
| Failed Instruction Charges | Rs. 20/- per intimation per instruction | |
| Other Charges |
| MyValueTrade | MDirect | |
|---|---|---|
| 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. |
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| Dislikes | doesn't provide tips and recommendation; doesn't offer automated trading to its clients. |
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| Special Offers/Promo | ||
| Enquire about MyValueTrade | Enquire about MDirect |
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
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)
Zerodha
Angel Broking