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Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of HDFC Sky Max Rs 20 per trade while the brokerage of MyValueTrade Max Rs 10 per trade. Both the brokers are Discount Brokers. HDFC Sky is having overall higher rating compare to MyValueTrade. HDFC Sky is rated 4 out of 5 where MyValueTrade is rated only 3.5 out of 5. Number of active customer for HDFC Sky is 10,97,747 where number of active customer for MyValueTrade is . HDFC Sky is serving more customer compare to MyValueTrade.
Here we present side-by-side comparison of HDFC Sky vs MyValueTrade share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared HDFC Sky vs MyValueTrade'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 HDFC Sky vs MyValueTrade share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.
To be precise, we have compared HDFC Sky vs MyValueTrade's on
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.
 HDFC Sky |
 MyValueTrade |
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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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NSE, BSE, MCX | NSE, BSE, MCX |
| Active Clients | 10,97,747 | |
| Broker Overview | HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi...  |
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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Comparison of HDFC Sky with MyValueTrade on trading & demat account opening charges and AMC. Trading account opening charges - HDFC Sky offer Free account opening where MyValueTrade charges Rs 555 for account opening. Demat AMC charges - HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account where MyValueTrade charges Rs 400 PA (Waived for 1st year) AMC for Demat account.
| Charges | HDFC Sky | MyValueTrade |
|---|---|---|
| Trading Account Opening Fees | Free | Rs 555 |
| Trading AMC | Free | Free |
| Demat Account Opening Fees | Free | Free |
| Demat AMC | Rs 240 PA (Free for 1st year) | Rs 400 PA (Waived for 1st year) |
| Provide DP Service |  |
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Plans are the most important feature you look when compare HDFC Sky with MyValueTrade. This section compare on high level about type of plans offered by brokers. Multiple Plans - MyValueTrade provides Multiple Plans where HDFC Sky doesn't offer. Monthly Plans - MyValueTrade provides Monthly Plans where HDFC Sky doesn't offer
| Plan Types | HDFC Sky | MyValueTrade |
|---|---|---|
| Multiple Plans |  |
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| Monthly Plans | |
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| Yearly Plans | |
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| Zerodha | Zerodha | |
|---|---|---|
| Account Opening Request |
HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across segments.
MyValueTrade Brokerage Plan detail - This is 10 Rs per executed order plan by MVT, which is half the price Zerodha and RKSV proposing.
| Brokerage Charges Compare | HDFC Sky | MyValueTrade |
|---|---|---|
| Plan Name | Fixed pricing model | Flat Fee Rs 10 Trading Plan |
| Equity Delivery | 0.1% or Rs 20 whichever is lower | Flat Fee Rs 10 |
| Equity Intraday | 0.1% or Rs 20 whichever is lower | Flat Fee Rs 10 |
| Equity Futures | 0.1% or Rs 20 whichever is lower | Flat Fee 10 Rs |
| Equity Options | Flat Fee Rs 20 | Flat Fee Rs 10 |
| Currency Futures | 0.1% or Rs 20 whichever is lower | Flat Fee 10 Rs |
| Currency Options | Flat Fee Rs 20 | Flat Fee Rs 10 |
| Commodity Trading | Flat Fee Rs 20 | Flat Fee 10 Rs |
| Minimum Brokerage | NIL | Rs 10 or .01% whichever is lower |
| Hidden Charges | No | Info Not Available |
| Funding | Yes - 12% interest PA | Info Not Available |
| Call & Trade Charges | Rs 20 per call | NA |
| Auto Square off Charges | 0.1% or Rs 20 whichever is lower | NA |
| Brokerage Calculator | Brokerage Calculator for HDFC Sky | Brokerage Calculator for MyValueTrade |
Compare HDFC Sky with MyValueTrade on transaction charges and PCM fee by segment.
| Transaction Charges Compare | HDFC Sky | MyValueTrade |
|---|---|---|
| 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 | NA | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for hdfc-sky | Complete Brokerage Plans for my-value-trade |
Compare HDFC Sky with MyValueTrade on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Sky 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 HDFC Sky doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - HDFC Sky offers NRI where MyValueTrade doesn't offers NRI Trading.
| Account Features Compare | HDFC Sky | MyValueTrade |
|---|---|---|
| 3 in 1 Account | |
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| Charting | |
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| Algo Trading | |
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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 | 3:15PM | 3:15PM |
| NRI Trading | |
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| Other Features | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky and MyValueTrade. 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 | HDFC Sky | MyValueTrade |
|---|---|---|
| Desktop Trading Platform | HDFC Sky | MVT Trade |
| Desktop Demo | Desktop Demo | Info Not Available |
| Desktop Platform (Windows) | |
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| Desktop Platform (Mac) | |
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| Web Trading Platform | |
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| Web Trading Detail | https://hdfcsky.com/ | https://direct.mastermarts.com/ |
| Web Trading Demo | Web Trading Demo | Info Not Available |
| Mobile Site | |
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| Mobile Trading | |
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| Mobile Trading App | HDFC Sky App | MVT Mobile |
| Mobile Trading App Demo | HDFC Sky App Demo | Info Not Available |
| Android Mobile App | |
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| Android App Download | Andriod HDFC Sky App Download | Andriod MVT Mobile Download |
| iPhone Mobile App (IOS) | |
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| iOS App Download | iOS HDFC Sky App Download | iOS MVT Mobile Download |
| Android Tablet App | |
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| iPad App (IOS) | |
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| Trading Software Charges | Free | Info Not Available |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for HDFC Sky | Equity Intraday and Delivery Brokerage Calculator for MyValueTrade |
| Futures Brokerage Calculator | Futures Brokerage Calculator for HDFC Sky | Futures Brokerage Calculator for MyValueTrade |
| Options Brokerage Calculator | Options Brokerage Calculator for HDFC Sky | Options Brokerage Calculator for MyValueTrade |
| Detail | Detail on Trading Platforms for hdfc-sky | Detail on Trading Platforms for my-value-trade |
| HDFC Sky | MyValueTrade | |
|---|---|---|
97 Customer Reviews
 |
10 Customer Reviews
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| Fees Ratings | 2.4 | 3.7 |
| Trading Brokerage Rating | 2.1 | 4.0 |
| Trading Platform Usability | 2.9 | 3.4 |
| Customer Service Ratings | 2.8 | 3.4 |
| Overall Ratings | 2.4 | 3.4 |
| Broker Rating | HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews | MyValueTrade is Rated 3.4 / 5 based on 10 customer reviews |
Compare HDFC Sky with MyValueTrade 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 - HDFC Sky 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 | HDFC Sky | 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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| ETF | |
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| Banking | |
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| Insurance | |
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| Forex | |
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| MF SIP Investment | |
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| Equity SIP Investment | |
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| PMS Service | |
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| Other Investment Options | NIL | NIL |
Order Type - Compare HDFC Sky with MyValueTrade 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) - HDFC Sky provide 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) - HDFC Sky provide Bracket Orders (BO) where MyValueTrade doesn't offer.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)- MyValueTrade offers After market orders where HDFC Sky doesn't offers AMO. GTC Orders- HDFC Sky offers Good Till Cancelled (GTC) orders where MyValueTrade doesn't support Good Till Cancelled (GTC) orders.
| Order Type Compare | HDFC Sky | MyValueTrade |
|---|---|---|
| CNC order | |
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| MIS order | |
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| NRML order | |
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| Cover order | |
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| Bracket order | |
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| AMO-After Market Orders | |
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| GTC-Good Till Cancelled | |
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Compare HDFC Sky with MyValueTrade 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 Service Compare | HDFC Sky | 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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| Customer Care Number
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1800 121 2109 | Info Not Available |
| Account Opening Process
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Online | Info Not Available |
| Customer Support Email
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[email protected] | Info Not Available |
| Knowledge Center/Education
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https://hdfcsky.com/learn | Info Not Available |
| Head Office Address
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LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA, 8 FLR, NEAR KANJURMARG RLYSTN, KANJURMARG, MUMBAI-MH-400042 |
Info Not Available |
| Website
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https://hdfcsky.com/ | Info Not Available |
Compare HDFC Sky with MyValueTrade on research reports and tips provided by the broker.
| HDFC Sky | 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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Compare HDFC Sky with MyValueTrade 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 MyValueTrade is ₹300 pa (Second year onwards) where for HDFC Sky is ₹750 pa.
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 HDFC Sky is 0.04% (Min ₹20) + CDSL charges where for MyValueTrade is ₹15.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
| HDFC Sky | MyValueTrade | |
|---|---|---|
| DP Source | CDSL | NSDL |
| DP ID
|
CDSL: 1209 | No |
| Demat Account Annual Maintenance Charges(AMC) | ₹750 pa | ₹300 pa (Second year onwards) |
| Advance Deposit | Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- | 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 | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% (Min ₹20) + CDSL charges | ₹15 |
| Demat | ₹5 per certificate + ₹35 request charges | ₹3 per certificate + ₹20 per DFR |
| Remat | ₹30 | ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) |
| Pledge Creation | Nil | ₹50 per transaction |
| Pledge Creation Confirmation | 0.04% of transaction value (Min ₹40) | Nil |
| Pledge Closure | Nil | ₹25 per transaction |
| Pledge Closure Confirmation | 0.04% of transaction value (Min ₹40) | Nil |
| Pledge Invocation | 0.04% of transaction value (Min ₹40) | ₹25 per transaction |
| Failed Instruction Charges | Nil | ₹20 |
| Other Charges | Nil | Nil |
Compare HDFC Sky with MyValueTrade on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
| HDFC Sky | MyValueTrade | |
|---|---|---|
| Pay In and Pay Out Options
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Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank. Pay-out/Fund Withdrawal - Bank Transfer only. |
Info Not Available |
| Payout Time
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Instant to HDFC Bank. | Info Not Available |
| Bank Supported and Charges
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Info Not Available | Info Not Available |
| Bank Detail | Direct from your HDFC bank account. | Info Not Available |
| Likes |
Want to know why to trade with HDFC Sky, here are the promising reasons;
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| Dislikes |
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doesn't provide tips and recommendation; doesn't offer automated trading to its clients. |
| Special Offers/Promo | ||
| Enquiry | Open Zerodha Account Now>> | Open Zerodha Account Now>> |
Last Updated on 2023-11-09T03:39:28+00:00
