MDirect Vs MyValueTrade
The brokerage of MDirect Max Rs 18 per trade while the brokerage of MyValueTrade Max Rs 10 per trade. Both the brokers are Discount Brokers. MDirect is having overall lower rating compare to MyValueTrade.MDirect is rated only 3 out of 5 where MyValueTrade is rated 3.5 out of 5.
Here we present 1 on 1 comparison of MDirect vs MyValueTrade share brokers in India. The comparison is based on more than 50 attributes for clear decision making.To be precise, we have compared MDirect vs MyValueTrade'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 MDirect vs MyValueTrade - Broker type and exchange supported
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MDirect |
MyValueTrade |
| Overall Rating |
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| Brokerage Charges |
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| Trading Platform |
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| Investments Offering |
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| Customer Service |
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Broker Type
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Discount Broker |
Discount Broker |
| Exchanges Supported
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BSE,NSE,MCX,NCDEX,MSEI |
BSE, NSE, MCX |
| Broker Overview |
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. |
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. |
| Broker Enquiry |
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Account Opening Charges and AMC
Compare MDirect vs MyValueTrade - Trading and Demat Account Charges
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MDirect |
MyValueTrade |
| Trading Account Opening Fees
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Rs 500 |
Rs 555 |
| Trading AMC
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Nil |
Nil |
| Demat Account Opening Fees
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Rs 200 |
NIL |
| Demat AMC
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RS 400/p.a - Waived for 1st year |
400 Rs Per Year (First year free) |
| Provide DP Service
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About Brokerage Plans
Compare MDirect vs MyValueTrade - Plan Options
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MDirect |
MyValueTrade |
| Monthly Plans
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| Yearly Plans
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Contact Broker / Request A Call Back
Brokerage Charges
Compare MDirect vs MyValueTrade - Brokerage Charges
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MDirect |
MyValueTrade |
| Plan Name
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Rs 18 Per Trader Plan |
Per Order Executed |
| Plan Description
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Flat Rs 18 Per Trader Plan. |
This is 10 Rs per executed order plan by MVT, which is half the price Zerodha and RKSV proposing. |
| Equity Delivery
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Rs 18 per executed order |
10 Rs |
| Equity Intraday
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Rs 18 or 0.01 % whichever is lower |
10 Rs |
| Equity Futures
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Rs 18 per executed order |
10 Rs |
| Equity Options
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Rs 18 per executed order |
10 Rs |
| Currency Futures
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Rs 18 per executed order |
10 Rs |
| Currency Options
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Rs 18 per executed order |
10 Rs |
| Commodity Trading
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Rs 18 per executed order |
10 Rs |
| Minimum Brokerage
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Rs 10 or .01% whichever is lower |
| Brokerage Calculator |
Brokerage Calculator for mdirect |
Brokerage Calculator for my-value-trade |
Share Broker's Transaction/Turnover Charges
Compare MDirect vs MyValueTrade - Transaction/Turnover Charges
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MDirect |
MyValueTrade |
| 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 350 Per Cr |
Rs 300 Per Cr |
| Equity Options
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Rs 8000 Per Cr |
Rs 6000 Per Cr |
| Currency Futures
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Rs 215 Per Cr |
Rs 120 Per Cr |
| Currency Options
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Rs 7000 Per Cr |
Rs 4200 Per Cr |
| Commodity
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0.0025% |
| Brokerage Charges |
Complete Brokerage Plans for mdirect |
Complete Brokerage Plans for my-value-trade |
Trading Features
Compare MDirect vs MyValueTrade - Trading Feature and platform
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MDirect |
MyValueTrade |
| 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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3:15PM |
3:15PM |
| NRI Trading
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| Other Features
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Trading Platform
Broker Ratings by Users
Compare MDirect vs MyValueTrade - Rating
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MDirect |
MyValueTrade |
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Customer Reviews  |
9 Customer Reviews |
| 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 |
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MyValueTrade is Rated 3.2 / 5 based on 9 customer reviews |
Investment Services
Compare MDirect vs MyValueTrade - Investment Options
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MDirect |
MyValueTrade |
| 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 |
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Customer Service Offered
Compare MDirect vs MyValueTrade - Customer Service Offerance
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MDirect |
MyValueTrade |
| 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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Tips/Research/Reports Published
Compare MDirect vs MyValueTrade - Research, Tips Reports
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MDirect |
MyValueTrade |
| 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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Demat Account
Compare MDirect vs MyValueTrade - Demat Account
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MDirect |
MyValueTrade |
| DP Source
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NSDL |
| Demat Account Annual Maintenance Charges(AMC)
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NIL |
| Advance Deposit
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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
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Nil |
| Transaction Charges on Debit (Per ISIN)
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Rs. 12/- for each debit instruction |
| Demat
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Rs. 20/- per DRF plus Rs. 3/- per certificate |
| Remat
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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
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Rs. 50/- |
| Pledge Creation Confirmation
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Nil |
| Pledge Closure
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Rs. 25/- |
| Pledge Closure Confirmation
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Nil |
| Pledge Invocation
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Rs. 25/- |
| Failed Instruction Charges
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Rs. 20/- per intimation per instruction |
| Other Charges
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Special Offers,Advantages,Disadvantages
Compare MDirect vs MyValueTrade - Special Offers and Promotion
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MDirect |
MyValueTrade |
| Likes
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- In house research reports
- Workshops/ seminars/ webinars to educate traders.
- Simple and transparent Pricing.
- Well researched professional guidance.
- Multiple Segments and Exchanges on same trading Window.
More Advantages... |
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... |
| Dislikes
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- No referral program
- No advance tools or technology
- No monthly and yearly plans
- doesn't offer facility to invest in IPO, FPO, Mutual Funds, FDs, NCDs
- Margin funding and NRI tradingis not available
More Disadvantages... |
doesn't provide tips and recommendation; doesn't offer automated trading to its clients. More Disadvantages... |
| Special Offers/Promo
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Enquire about MDirect
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Enquire about MyValueTrade
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