FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

Religare Broking Vs MyValueTrade: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Religare Broking Max 0.05 to 0.50% per trade while the brokerage of MyValueTrade ranges between Rs 10. Religare Broking is a Full Service Broker where MyValueTrade is a Discount Broker. Overall rating for both the brokers are equal with rating 3.5 out of 5. Number of active customer for Religare Broking is 1,43,944 where number of active customer for MyValueTrade is . Religare Broking is serving more customer compare to MyValueTrade.

Here we present side-by-side comparison of Religare Broking 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 Religare Broking 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 Religare Broking 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 Religare Broking vs MyValueTrade'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 Religare Broking vs MyValueTrade on Service

  Religare Broking Compare
Religare Broking
MyValueTrade Compare
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? NSE, BSE, MCX NSE, BSE, MCX
Active Clients 1,43,944
Broker Overview Open free Religare Demat & Trading Account, and trade via user-friendly platforms; Dynami App and Religare Online website. Also invest in the SmartInvest portfolio management services, US stocks, and get experts trading tips, investment ideas, an... Know more about Religare Broking 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 Request call back from Zerodha Request call back from Zerodha
Expand

Account Opening Charges and AMC

Compare Religare Broking vs MyValueTrade on Trading & Demat Account Opening Charges

Comparison of Religare Broking with MyValueTrade on trading & demat account opening charges and AMC. Trading account opening charges - Religare Broking charges Rs 500 for account opening where MyValueTrade charges Rs 555 for account opening. Demat AMC charges - Religare Broking charges Rs 400 PA [Free for first year] AMC for Demat account where MyValueTrade charges Rs 400 PA (Waived for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Religare Broking with MyValueTrade
Charges Religare Broking MyValueTrade
Trading Account Opening Fees Rs 500 Rs 555
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA [Free for first year] Rs 400 PA (Waived for 1st year)
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare Religare Broking vs MyValueTrade on Plan Options

Plans are the most important feature you look when compare Religare Broking with MyValueTrade. This section compare on high level about type of plans offered by brokers. Multiple Plans - MyValueTrade provides Multiple Plans where Religare Broking doesn't offer. Monthly Plans - MyValueTrade provides Monthly Plans where Religare Broking doesn't offer

Compare Religare Broking with MyValueTrade on Plan Options
Plan Types Religare Broking MyValueTrade
Multiple Plans No Yes
Monthly Plans No Yes
Yearly Plans No Yes
Expand

Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
Expand

Brokerage Charges

Compare Religare Broking vs MyValueTrade on Brokerage Charges

Religare Broking Brokerage Plan detail - Religare One is a standard brokerage plan that charges a fixed percentage of brokerage from clients. The plan also provides a 3-month free subscription to the fair deal plan that charges Rs. 0 brokerages on non-profitable trades and options trading at just Rs. 5 per lot.

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 Religare Broking with MyValueTrade
Brokerage Charges Compare Religare Broking MyValueTrade
Plan Name Religare One Brokerage Plan (Percentage Based) Flat Fee Rs 10 Trading Plan
Equity Delivery 0.50% to 0.10% Flat Fee Rs 10
Equity Intraday 0.05% to 0.01% Flat Fee Rs 10
Equity Futures 0.05% or 5 paisa Flat Fee 10 Rs
Equity Options Rs 70 Per Lot Flat Fee Rs 10
Currency Futures 0.05% or 5 paisa Flat Fee 10 Rs
Currency Options Rs 30 Per Lot Flat Fee Rs 10
Commodity Trading Futures: 0.05%| Options: Rs 30 per lot Flat Fee 10 Rs
Minimum Brokerage 1p per share Rs 10 or .01% whichever is lower
Hidden Charges Yes Info Not Available
Funding Yes - 21% interest PA Info Not Available
Call & Trade Charges Rs 10 per order, Max rs 50 per segment per day NA
Auto Square off Charges Rs 10 per order, Max rs 50 per segment per day NA
Brokerage Calculator Brokerage Calculator for Religare Broking Brokerage Calculator for MyValueTrade
Expand

Share Broker's Transaction Charges

Compare Religare Broking vs MyValueTrade on Transaction Charges

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

Transaction Charges - Compare Religare Broking with MyValueTrade
Transaction Charges Compare Religare Broking 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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for religare-broking Complete Brokerage Plans for my-value-trade
Expand

Account Features

Compare Religare Broking vs MyValueTrade on Account Features

Compare Religare Broking with MyValueTrade on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - MyValueTrade offers Algo Trading where Religare Broking doesn't offers Algo Trading. Margin Funding - MyValueTrade offers a margin funding where Religare Broking doesn't offers margin funding. NRI Trading - Religare Broking offers NRI where MyValueTrade doesn't offers NRI Trading.

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

Trading Platform

Compare Religare Broking vs MyValueTrade on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Religare Broking 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 Religare Broking with MyValueTrade
Trading Platform Compare Religare Broking MyValueTrade
Desktop Trading Platform OdinDiet and Power FnO MVT Trade
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://secure.religareonline.com/Login.aspx https://direct.mastermarts.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No No
Mobile Trading Yes Yes
Mobile Trading App Religare Dynami MVT Mobile
Mobile Trading App Demo Religare Dynami Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Religare Dynami Download Andriod MVT Mobile Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Religare Dynami Download iOS MVT Mobile Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Religare Broking Equity Intraday and Delivery Brokerage Calculator for MyValueTrade
Futures Brokerage Calculator Futures Brokerage Calculator for Religare Broking Futures Brokerage Calculator for MyValueTrade
Options Brokerage Calculator Options Brokerage Calculator for Religare Broking Options Brokerage Calculator for MyValueTrade
Detail Detail on Trading Platforms for religare-broking Detail on Trading Platforms for my-value-trade

Expand

Broker Ratings by Users

Compare Religare Broking vs MyValueTrade on User Rating

  Religare Broking MyValueTrade
  56 Customer Reviews    Rate Religare Broking 10 Customer Reviews    Rate MyValueTrade
Fees Ratings 3.2 3.7
Trading Brokerage Rating 3.2 4.0
Trading Platform Usability 3.0 3.4
Customer Service Ratings 2.9 3.4
Overall Ratings 2.9 3.4
Broker Rating Religare Broking is Rated 2.9 / 5 based on 56 customer reviews MyValueTrade is Rated 3.4 / 5 based on 10 customer reviews
Expand

Investment Offerings

Compare Religare Broking vs MyValueTrade on Investment Offerings

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

Order Types

Compare Religare Broking vs MyValueTrade on Order Types

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

Order Types - Compare Religare Broking with MyValueTrade
Order Type Compare Religare Broking MyValueTrade
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
Expand

Customer Service Offered

Compare Religare Broking vs MyValueTrade on Customer Service

Compare Religare Broking 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 Support - Compare Religare Broking with MyValueTrade
Customer Service Compare Religare Broking MyValueTrade
24/7 Customer Service Religare Broking vs MyValueTrade - 24x7 customer support No No
Email Support Religare Broking vs MyValueTrade - Email Support Yes Yes
Onine Live Chat Religare Broking vs MyValueTrade - Onine Live Chat No Yes
Phone Support Religare Broking vs MyValueTrade - Phone Support Yes Yes
Toll Free Number Religare Broking vs MyValueTrade - Toll Free Number No No
Through Branches Religare Broking vs MyValueTrade - Through Branches Yes No
Customer Care Number Religare Broking vs MyValueTrade - Customer Care Number 1860-25-88888 Info Not Available
Account Opening Process Religare Broking vs MyValueTrade - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Religare Broking vs MyValueTrade - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Religare Broking vs MyValueTrade - Knowledge Center/Education Not available Info Not Available
Head Office Address Religare Broking vs MyValueTrade - Head Office Address/Corporate Address Religare Broking Limited,
2nd Floor,
Rajlok Building,
24, Nehru Place,
New Delhi-110019
Info Not Available
Website Religare Broking vs MyValueTrade - Company Website http://www.religareonline.com Info Not Available
Expand

Tips/Research/Reports Published

Compare Religare Broking vs MyValueTrade on Research Reports, Tips

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

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

Demat Account

Compare Religare Broking vs MyValueTrade on Demat Account

Compare Religare Broking 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 Religare Broking is ₹400 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 Religare Broking is ₹12 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

Demat Charges - Compare Religare Broking with MyValueTrade
  Religare Broking MyValueTrade
DP Source CDSL NSDL
DP ID Religare Broking vs MyValueTrade - DP ID 30200 No
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹300 pa (Second year onwards)
Advance Deposit Rs. 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) ₹12 ₹15
Demat ₹5 per certificate + ₹30 courier charges ₹3 per certificate + ₹20 per DFR
Remat ₹20 per certificate + ₹30 courier charges + CDSL Charges ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation 0.02% of transaction value or ₹50 whichever is higher ₹50 per transaction
Pledge Creation Confirmation 0.02% of transaction value or ₹50 whichever is higher Nil
Pledge Closure 0.02% of transaction value or ₹50 whichever is higher ₹25 per transaction
Pledge Closure Confirmation 0.02% of transaction value or ₹50 whichever is higher Nil
Pledge Invocation 0.02% of transaction value or ₹50 whichever is higher ₹25 per transaction
Failed Instruction Charges Nil ₹20
Other Charges Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare Religare Broking vs MyValueTrade on Special Offers and Promotion

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

Compare Religare Broking vs MyValueTrade on Special Offers and Promotion
  Religare Broking MyValueTrade
Pay In and Pay Out Options Religare Broking vs MyValueTrade - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Religare Mobile, Rligare Desktop and Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Religare Broking vs MyValueTrade - Payout Time Upto 24 Hrs except Bank Holidays. Info Not Available
Bank Supported and Charges Religare Broking vs MyValueTrade - Bank Supported and Charges 21+ bank connected via payment gatway, Rs 10 fee for per transaction. Info Not Available
Bank Detail RELIGARE BROKING LIMITED,
Account Number:30078551502
Bank and Branch: SBI,Capital Market Branch,Mumbai
Account Type: Current Account
IFSC Code:SBIN0011777
Info Not Available
Likes
  • Invest in a bouquet of products.
  • Multiple brokerage plans.
  • Zero account opening charges.
  • Zero AMC for the first year.
  • State-of-the-art platforms with charting and other features.
  • Best-in-class research services from experts.
  • Dynami Wrap app, a free mutual fund investment
  • Fair Deal plan: Zero brokerage on loss-making trades for 3 months.
  • Dedicated relationship manager.
  • Margin trading.

Detail Review...

Detail Review...

Dislikes
  • Minimum brokerage charges is levied.
  • Non-transparent brokerage structure.
  • Religare does not have a flat discount brokerage plan.
  • ODIN Diet is a paid platform.

Detail Review...

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

Detail Review...

Special Offers/Promo - Account opening fees Rs 500 waived off if you open an account with Rs 25000 margin.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-13T03:22:46+00:00