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MyValueTrade Vs AxisDirect: Which one is better?

Both the brokers are registered with SEBI. MyValueTrade offers investmenet in Equity, F&O, Currency and Commodities, where AxisDirect offers investment in Equity, F&O and Currency only. The brokerage of MyValueTrade Max Rs 10 per trade while the brokerage of AxisDirect ranges between 0.05% to 0.5%. MyValueTrade is a Discount Broker where AxisDirect is a Full Service Broker. Overall rating for both the brokers are equal with rating 3.5 out of 5. Number of active customer for AxisDirect is 3,57,390 where number of active customer for MyValueTrade is . AxisDirect is serving more customer compare to MyValueTrade.

Here we present side-by-side comparison of MyValueTrade vs AxisDirect 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 AxisDirect'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 AxisDirect 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 AxisDirect's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

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.

Compare MyValueTrade vs AxisDirect on Service

  MyValueTrade Compare
MyValueTrade
AxisDirect Compare
AxisDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE
Active Clients 3,57,390
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. Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis...Know more about AxisDirect
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare MyValueTrade vs AxisDirect on Trading & Demat Account Opening Charges

Comparison of MyValueTrade with AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - MyValueTrade charges Rs 555 for account opening where AxisDirect charges Rs 999 for account opening. Demat AMC charges - MyValueTrade charges Rs 400 PA (Waived for 1st year) AMC for Demat account where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare MyValueTrade with AxisDirect
Charges MyValueTrade AxisDirect
Trading Account Opening Fees Rs 555 Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA (Waived for 1st year) Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare MyValueTrade vs AxisDirect on Plan Options

Plans are the most important feature you look when compare MyValueTrade with AxisDirect. 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 AxisDirect doesn't offer

Compare MyValueTrade with AxisDirect on Plan Options
Plan Types MyValueTrade AxisDirect
Multiple Plans Yes Yes
Monthly Plans Yes No
Yearly Plans Yes No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare MyValueTrade vs AxisDirect on Brokerage Charges

MyValueTrade Brokerage Plan detail - This is 10 Rs per executed order plan by MVT, which is half the price Zerodha and RKSV proposing.

AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.

Brokerage Charges - Compare MyValueTrade with AxisDirect
Brokerage Charges Compare MyValueTrade AxisDirect
Plan Name Flat Fee Rs 10 Trading Plan Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery Flat Fee Rs 10 0.50% (Each leg)
Equity Intraday Flat Fee Rs 10 0.05% (Each leg)
Equity Futures Flat Fee 10 Rs 0.05% (Each leg)
Equity Options Flat Fee Rs 10 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Flat Fee 10 Rs 0.05% (Each Leg)
Currency Options Flat Fee Rs 10 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading Flat Fee 10 Rs Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage Rs 10 or .01% whichever is lower NIL
Hidden Charges Info Not Available No
Funding Info Not Available Yes - 18% interest PA
Call & Trade Charges NA Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges NA 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for MyValueTrade Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare MyValueTrade vs AxisDirect on Transaction Charges

Compare MyValueTrade with AxisDirect on transaction charges and PCM fee by segment.

Transaction Charges - Compare MyValueTrade with AxisDirect
Transaction Charges Compare MyValueTrade AxisDirect
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
Brokerage Charges Complete Brokerage Plans for my-value-trade Complete Brokerage Plans for axisdirect
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Account Features

Compare MyValueTrade vs AxisDirect on Account Features

Compare MyValueTrade with AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - AxisDirect offers 3-in-1 account where MyValueTrade offers only 2-in-1 account which includes trading and demat account. Algo Trading - MyValueTrade offers Algo Trading where AxisDirect doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - AxisDirect offers NRI where MyValueTrade doesn't offers NRI Trading.

Account Features - MyValueTrade with AxisDirect
Account Features Compare MyValueTrade AxisDirect
3 in 1 Account No MyValueTrade have 2-in-1 account. Only Demate and Trading account. Yes, MyValueTrade have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 2:45 PM
NRI Trading No Yes
Other Features NIL NIL
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Trading Platform

Compare MyValueTrade vs AxisDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w MyValueTrade and AxisDirect. 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 with AxisDirect
Trading Platform Compare MyValueTrade AxisDirect
Desktop Trading Platform MVT Trade Ring
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://direct.mastermarts.com/ https://login.axisdirect.in/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App MVT Mobile AxisDirect Ring Mobile App
Mobile Trading App Demo Info Not Available AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod MVT Mobile Download Andriod AxisDirect Ring Mobile App Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS MVT Mobile Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) No Yes
Trading Software Charges Info Not Available Yes, DirectTrade - Rs 2999 PA
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for MyValueTrade Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for MyValueTrade Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for MyValueTrade Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for my-value-trade Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare MyValueTrade vs AxisDirect on User Rating

  MyValueTrade AxisDirect
  10 Customer Reviews    Rate MyValueTrade 6 Customer Reviews    Rate AxisDirect
Fees Ratings 3.7 2.5
Trading Brokerage Rating 4.0 2.0
Trading Platform Usability 3.4 3.2
Customer Service Ratings 3.4 2.7
Overall Ratings 3.4 2.3
Broker Rating MyValueTrade is Rated 3.4 / 5 based on 10 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare MyValueTrade vs AxisDirect on Investment Offerings

Compare MyValueTrade with AxisDirect 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 - AxisDirect offers online mutual fund investment option where MyValueTrade doesn't offer. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare MyValueTrade with AxisDirect
Investment Offerings Compare MyValueTrade AxisDirect
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No Yes
Mutual Funds No Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No Yes
Insurance No Yes
Forex No No
MF SIP Investment No Yes
Equity SIP Investment No Yes
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare MyValueTrade vs AxisDirect on Order Types

Order Type - Compare MyValueTrade with AxisDirect 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) - AxisDirect 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- AxisDirect offers Good Till Cancelled (GTC) orders where MyValueTrade doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare MyValueTrade with AxisDirect
Order Type Compare MyValueTrade AxisDirect
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No Yes
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No Yes
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Customer Service Offered

Compare MyValueTrade vs AxisDirect on Customer Service

Compare MyValueTrade with AxisDirect 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 Support - Compare MyValueTrade with AxisDirect
Customer Service Compare MyValueTrade AxisDirect
24/7 Customer Service MyValueTrade vs AxisDirect - 24x7 customer support No No
Email Support MyValueTrade vs AxisDirect - Email Support Yes Yes
Onine Live Chat MyValueTrade vs AxisDirect - Onine Live Chat Yes Yes
Phone Support MyValueTrade vs AxisDirect - Phone Support Yes Yes
Toll Free Number MyValueTrade vs AxisDirect - Toll Free Number No Yes
Through Branches MyValueTrade vs AxisDirect - Through Branches No Yes
Customer Care Number MyValueTrade vs AxisDirect - Customer Care Number Info Not Available 022-61480808
Account Opening Process MyValueTrade vs AxisDirect - Account Opening Process Info Not Available Online
Customer Support Email MyValueTrade vs AxisDirect - Customer Support Email Info Not Available [email protected]
Knowledge Center/Education MyValueTrade vs AxisDirect - Knowledge Center/Education Info Not Available https://simplehai.axisdirect.in/learn/overview
Head Office Address MyValueTrade vs AxisDirect - Head Office Address/Corporate Address Info Not Available Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website MyValueTrade vs AxisDirect - Company Website Info Not Available https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare MyValueTrade vs AxisDirect on Research Reports, Tips

Compare MyValueTrade with AxisDirect on research reports and tips provided by the broker.

Research Reports - Compare MyValueTrade with AxisDirect
  MyValueTrade AxisDirect
Research Mutual Funds MyValueTrade vs AxisDirect - Research Mutual Funds No Yes
Research Equity Reports MyValueTrade vs AxisDirect - Research Equity Reports No Yes
Research ETF MyValueTrade vs AxisDirect - Research ETF No Yes
Daily Market Report MyValueTrade vs AxisDirect - Daily Market Report No Yes
Free Tips MyValueTrade vs AxisDirect - Free Tips No Yes
Quarterly Result Analysis MyValueTrade vs AxisDirect - Quarterly Results No Yes
News Alerts MyValueTrade vs AxisDirect - No Yes
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Demat Account

Compare MyValueTrade vs AxisDirect on Demat Account

Compare MyValueTrade with AxisDirect 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 AxisDirect is ₹500 pa where for MyValueTrade is ₹300 pa (Second year onwards).

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 AxisDirect is ₹10.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

Demat Charges - Compare MyValueTrade with AxisDirect
  MyValueTrade AxisDirect
DP Source NSDL CDSL
DP ID MyValueTrade vs AxisDirect - DP ID No 49200
Demat Account Annual Maintenance Charges(AMC) ₹300 pa (Second year onwards) ₹500 pa
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) ₹15 ₹10
Demat ₹3 per certificate + ₹20 per DFR ₹3 per certificate
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) ₹10 for every hundred securities (Min ₹10)
Pledge Creation ₹50 per transaction ₹25
Pledge Creation Confirmation Nil ₹25
Pledge Closure ₹25 per transaction ₹25
Pledge Closure Confirmation Nil ₹25
Pledge Invocation ₹25 per transaction Nil
Failed Instruction Charges ₹20 Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare MyValueTrade vs AxisDirect on Special Offers and Promotion

Compare MyValueTrade with AxisDirect on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare MyValueTrade vs AxisDirect on Special Offers and Promotion
  MyValueTrade AxisDirect
Pay In and Pay Out Options MyValueTrade vs AxisDirect - Pay In and Pay Out Options Info Not Available Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time MyValueTrade vs AxisDirect - Payout Time Info Not Available Instant to Axis Bank.
Bank Supported and Charges MyValueTrade vs AxisDirect - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Direct from your Axis bank account.
Likes

Detail Review...

  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

Detail Review...

Dislikes

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

Detail Review...

  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

Detail Review...

Special Offers/Promo Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2019-07-08T23:37:28+00:00