IDBI Direct Vs MyValueTrade

Here we present 1 on 1 comparison of IDBI Capital 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 IDBI Direct 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 IDBI Capital vs MyValueTrade - Broker type and exchange supported
  IDBI Capital Logo
IDBI Capital
MyValueTrade Logo
MyValueTrade
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE BSE, NSE, MCX
Broker Overview IDBI Capital provides well rounded services like 3 in 1 account, support to NRIs, research reports and analytical tools but comes with subscription fee thus not suitable for casual trader. But it can suit active investors with its competitive broker... Know more about IDBI Capital 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 Open an Online Trading Account with IDBI Direct. Leave your contact info and we will get in touch with you. Open an Online Trading Account with MyValueTrade. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare IDBI Capital vs MyValueTrade - Trading and Demat Account Charges
  IDBI Capital MyValueTrade
Trading Account Opening Fees What is this parameter? Rs 700 Rs 555
Trading AMC What is this parameter? NIL Nil
Demat Account Opening Fees What is this parameter? NIL NIL
Demat AMC What is this parameter? Rs 350 400 Rs Per Year (First year free)
Provide DP Service What is this parameter? Yes Yes
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About Brokerage Plans

Compare IDBI Capital vs MyValueTrade - Plan Options
  IDBI Capital MyValueTrade
Monthly Plans What is this parameter? No Yes
Yearly Plans What is this parameter? No Yes
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Contact Broker / Request A Call Back

  IDBI Capital MyValueTrade
Contact / Request Call Back
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Brokerage Charges

Compare IDBI Capital vs MyValueTrade - Brokerage Charges
  IDBI Capital MyValueTrade
Plan Name What is this parameter? Flexi Gold Brokerage Plan Per Order Executed
Plan Description What is this parameter? This is a prepaid brokerage plan with subscription fee.Plan duration from 6 to 12 months. This is 10 Rs per executed order plan by MVT, which is half the price Zerodha and RKSV proposing.
Equity Delivery What is this parameter? 0.50% 10 Rs
Equity Intraday What is this parameter? 0.08% 10 Rs
Equity Futures What is this parameter? 0.08% 10 Rs
Equity Options What is this parameter? Rs 100 per lot 10 Rs
Currency Futures What is this parameter? NA 10 Rs
Currency Options What is this parameter? NA 10 Rs
Commodity Trading What is this parameter? NA 10 Rs
Minimum Brokerage What is this parameter? Rs 25 per trade or 2.5% of the trade value whichever is lower. Rs 10 or .01% whichever is lower
Brokerage Calculator Brokerage Calculator for idbicapital Brokerage Calculator for my-value-trade
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Share Broker's Transaction/Turnover Charges

Compare IDBI Capital vs MyValueTrade - Transaction/Turnover Charges
  IDBI Capital MyValueTrade
Equity Delivery What is this parameter? Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday What is this parameter? Rs 325 Per Cr Rs 325 Per Cr
Equity Futures What is this parameter? Rs 190 Per Cr Rs 300 Per Cr
Equity Options What is this parameter? Rs 5100 Per Cr Rs 6000 Per Cr
Currency Futures What is this parameter? Rs 110 Per Cr Rs 120 Per Cr
Currency Options What is this parameter? Rs 4000 Per Cr Rs 4200 Per Cr
Commodity What is this parameter? NA 0.0025%
Brokerage Charges Complete Brokerage Plans for idbicapital Complete Brokerage Plans for my-value-trade
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Trading Features

Compare IDBI Capital vs MyValueTrade - Trading Feature and platform
  IDBI Capital MyValueTrade
3 in 1 Account What is this parameter? No No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? Yes Yes
After Trading Hour Orders What is this parameter? Yes Yes
Good Till Cancelled (GTC) What is this parameter? Yes Yes
SMS Alerts What is this parameter? Yes Yes
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? No No
Margin Trading Funding Available What is this parameter? Yes Yes
Combined Ledger for Equity and Commodity What is this parameter? No Yes
Intraday Square-off Time What is this parameter? 3:15PM 3:15PM
NRI Trading What is this parameter? Yes No
Other Features What is this parameter?
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Trading Platform

Compare IDBI Capital vs MyValueTrade - Trading Platform
  IDBI Capital MyValueTrade
Desktop Trading Platform What is this parameter? Power Pro MVT Trader, MVT Classic
Desktop Platform (Windows) What is this parameter? Yes Yes
Desktop Platform (Mac) What is this parameter? No No
Web Trading Platform What is this parameter? Yes Yes
Web Trading Detail What is this parameter? https://trade.idbicapital.com/ https://direct.mastermarts.com/
Mobile Site What is this parameter? No No
Mobile Trading What is this parameter? Yes Yes
Mobile Trading App What is this parameter? IDBI Direct mobile App MVT Mobile
Android Mobile App What is this parameter? Yes Yes
iPhone Mobile App (IOS) What is this parameter? Yes No
Android Tablet App What is this parameter? Yes Yes
iPad App (IOS) What is this parameter? Yes No
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for my-value-trade

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Broker Ratings by Users

Compare IDBI Capital vs MyValueTrade - Rating
  IDBI Capital MyValueTrade
  30 Customer Reviews    Rate IDBI Direct 9 Customer Reviews    Rate MyValueTrade
Fees Ratings 3.0 3.7
Trading Brokerage Rating 2.4 4.0
Trading Platform Usability 2.5 3.2
Customer Service Ratings 2.8 3.2
Overall Ratings Rated 2.7 stars Rated 3.2 stars
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 30 customer reviews MyValueTrade is Rated 3.2 / 5 based on 9 customer reviews
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Investment Services

Compare IDBI Capital vs MyValueTrade - Investment Options
  IDBI Capital MyValueTrade
Equity Cash and F&O What is this parameter? Yes Yes
Currency Deravitives What is this parameter? Yes Yes
Commodity What is this parameter? No No
Online IPO Application What is this parameter? Yes No
Mutual Funds What is this parameter? Yes No
Bond / NCD What is this parameter? Yes No
Debt What is this parameter? Yes No
ETF What is this parameter? Yes Yes
Banking What is this parameter? Yes No
Insurance What is this parameter? Yes No
Forex What is this parameter? No No
SIP Investment What is this parameter? Yes No
Other Investment Options What is this parameter?
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Customer Service Offered

Compare IDBI Capital vs MyValueTrade - Customer Service Offerance
  IDBI Capital MyValueTrade
24/7 Customer Service What is this parameter? No No
Email Support What is this parameter? Yes Yes
Onine Live Chat What is this parameter? No Yes
Phone Support What is this parameter? Yes Yes
Toll Free Number What is this parameter? Yes No
Through Branches What is this parameter? Yes No
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Tips/Research/Reports Published

Compare IDBI Capital vs MyValueTrade - Research, Tips Reports
  IDBI Capital MyValueTrade
Research Mutual Funds What is this parameter? Yes No
Research Equity Reports What is this parameter? Yes No
Research ETF What is this parameter? Yes No
Daily Market Report What is this parameter? Yes No
Free Tips What is this parameter? Yes No
Quarterly Result Analysis What is this parameter? Yes No
News Alerts What is this parameter? Yes No
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Demat Account

Compare IDBI Capital vs MyValueTrade - Demat Account
  IDBI Capital MyValueTrade
DP Source CDSL NSDL
Demat Account Annual Maintenance Charges(AMC) Rs. 450/- p.a ( Rs. 400/- for customers receiving statements by e-mail) Senior citizens ? Rs. 350/- p.a NIL
Advance Deposit NO 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 NO Nil
Transaction Charges on Debit (Per ISIN) 0.04% of market value or Rs30/- per Transaction whichever is higher Rs. 12/- for each debit instruction
Demat Rs5 per certificate Plus Rs 40 postage Rs. 20/- per DRF plus Rs. 3/- per certificate
Remat Rs.20/- for every hundred securities or Flat fee of Rs.20/- per certificate whichever is higher 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 0.05% of market value or Rs.50/- per transaction whichever is higher Rs. 50/-
Pledge Creation Confirmation NIL Nil
Pledge Closure 0.05% of market value or Rs.25/- per transaction whichever is higher Rs. 25/-
Pledge Closure Confirmation 0.05% of market value or Rs.25/- per transaction whichever is higher Nil
Pledge Invocation 0.15% of market value or Rs.25/- per transaction Rs. 25/-
Failed Instruction Charges nil Rs. 20/- per intimation per instruction
Other Charges NIL

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Special Offers,Advantages,Disadvantages

Compare IDBI Capital vs MyValueTrade - Special Offers and Promotion
  IDBI Capital MyValueTrade
Likes

3 in 1 service provider; new user friendly design and content layout on new portal idbidirect.in, investment offerings for NRIs

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 Commodities & Currency trading is not available, minimum brokerage charges, technical issues with trading platforms

More Disadvantages...

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

More Disadvantages...

Special Offers/Promo
Enquire about IDBI Direct Enquire about MyValueTrade

Guaranteed Save 60% to 90% Brokerage + Taxes

ProStocks, The Flat Rate Discount Stock Broker

Paperless account opening*


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

Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty
*Except PoA and Nomination form

Get FREE Trading + Demat Acct

Zerodha  Zerodha

e-Aadhar base account opening

Free Delivery trading

Max Rs 20 Per Trade for Equity Intraday, F&O, Currency & Commodity

zerodha

Sharekhan

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)

sharekhan

angel-broking  Angel Broking

Free Equity Delivery Trades
Flat 20% discount on online transaction

angel-broking



Sub brokers by name

Hyderabad Rajkot Chennai Jaipur

Sub brokers by name

Indore Lucknow Nagpur Ludhiana

Sub brokers by name

Allahabad Kanpur Patna Ernakulam



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