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.
MDirect | MyValueTrade | |
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Contact / Request Call Back |
MDirect | MyValueTrade | |
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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 |
MDirect | MyValueTrade | |
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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 |
MDirect | MyValueTrade | |
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Desktop Trading Platform
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Nest Plus | MVT Trader, MVT Classic |
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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Mdirect Nest Plus | https://direct.mastermarts.com/ |
Mobile Site
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Mobile Trading
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Mobile Trading App
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Mdirect | MVT Mobile |
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 mdirect | Detail on Trading Platforms for my-value-trade |
MDirect | MyValueTrade | |
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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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MDirect | MyValueTrade | |
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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 |
MDirect | MyValueTrade | |
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Likes |
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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. |
Dislikes |
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doesn't provide tips and recommendation; doesn't offer automated trading to its clients. |
Special Offers/Promo | ||
Enquire about MDirect | Enquire about MyValueTrade |
Paperless account opening*
e-Aadhar base account opening
Free Delivery trading
Max Rs 20 Per Trade for Equity Intraday, F&O, Currency & Commodity
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)