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ICICIDirect 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 ICICIDirect Max Rs. 20 per trade while the brokerage of MyValueTrade ranges between Rs 10. ICICIDirect is a Full Service Broker where MyValueTrade is a Discount Broker. ICICIDirect is having overall higher rating compare to MyValueTrade. ICICIDirect is rated 4 out of 5 where MyValueTrade is rated only 3.5 out of 5. Number of active customer for ICICIDirect is 18,69,925 where number of active customer for MyValueTrade is . ICICIDirect is serving more customer compare to MyValueTrade.

Here we present side-by-side comparison of ICICIDirect 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 ICICIDirect 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 ICICIDirect 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 ICICIDirect 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 ICICIDirect vs MyValueTrade on Service

  ICICIDirect Compare
ICICIDirect
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 18,69,925
Broker Overview ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec... Know more about ICICIDirect 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
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Account Opening Charges and AMC

Compare ICICIDirect vs MyValueTrade on Trading & Demat Account Opening Charges

Comparison of ICICIDirect with MyValueTrade on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect offer Free account opening where MyValueTrade charges Rs 555 for account opening. Demat AMC charges - ICICIDirect charges Rs 300 per annum AMC for Demat account where MyValueTrade charges Rs 400 PA (Waived for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with MyValueTrade
Charges ICICIDirect MyValueTrade
Trading Account Opening Fees Free Rs 555
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Rs 400 PA (Waived for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs MyValueTrade on Plan Options

Plans are the most important feature you look when compare ICICIDirect with MyValueTrade. 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 provides Monthly Plans where ICICIDirect doesn't offer

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

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs MyValueTrade on Brokerage Charges

ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.

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 ICICIDirect with MyValueTrade
Brokerage Charges Compare ICICIDirect MyValueTrade
Plan Name NEO Flat Discount Brokerage Plan Flat Fee Rs 10 Trading Plan
Equity Delivery 0.55% Flat Fee Rs 10
Equity Intraday Flat Rs. 20 per order Flat Fee Rs 10
Equity Futures Free (Rs. 0 brokerage) Flat Fee 10 Rs
Equity Options Flat Rs. 20 per order Flat Fee Rs 10
Currency Futures Flat Rs. 20 per order Flat Fee 10 Rs
Currency Options Flat Rs. 20 per order Flat Fee Rs 10
Commodity Trading Flat Rs. 20 per order Flat Fee 10 Rs
Minimum Brokerage Rs 35 per trade Rs 10 or .01% whichever is lower
Hidden Charges Yes Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges First 20 call free and Rs 25 there onwards. NA
Auto Square off Charges First 20 call free and Rs 25 there onwards. NA
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for MyValueTrade
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Share Broker's Transaction Charges

Compare ICICIDirect vs MyValueTrade on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with MyValueTrade
Transaction Charges Compare ICICIDirect 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 icicidirect Complete Brokerage Plans for my-value-trade
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Account Features

Compare ICICIDirect vs MyValueTrade on Account Features

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

Account Features - ICICIDirect with MyValueTrade
Account Features Compare ICICIDirect MyValueTrade
3 in 1 Account Yes, ICICIDirect have 3-in-1 accounts. Bank Account, Demat and Trading account. No ICICIDirect 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 Yes Yes
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare ICICIDirect vs MyValueTrade on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect 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 ICICIDirect with MyValueTrade
Trading Platform Compare ICICIDirect MyValueTrade
Desktop Trading Platform Trade Racer MVT Trade
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail https://www.icicidirect.com https://direct.mastermarts.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile MVT Mobile
Mobile Trading App Demo ICICI direct Mobile Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod MVT Mobile Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS ICICI direct Mobile 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 ICICIDirect Equity Intraday and Delivery Brokerage Calculator for MyValueTrade
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for MyValueTrade
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for MyValueTrade
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for my-value-trade

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Broker Ratings by Users

Compare ICICIDirect vs MyValueTrade on User Rating

  ICICIDirect MyValueTrade
  267 Customer Reviews    Rate ICICIDirect 10 Customer Reviews    Rate MyValueTrade
Fees Ratings 2.4 3.7
Trading Brokerage Rating 1.8 4.0
Trading Platform Usability 3.3 3.4
Customer Service Ratings 2.9 3.4
Overall Ratings 2.5 3.4
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews MyValueTrade is Rated 3.4 / 5 based on 10 customer reviews
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Investment Offerings

Compare ICICIDirect vs MyValueTrade on Investment Offerings

Compare ICICIDirect 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 - MyValueTrade offers trading options in Commodity (MCX) where ICICIDirect doesn't offer. Online Mutual Fund Investment - ICICIDirect offers online mutual fund investment option where MyValueTrade doesn't offer. Portfolio Management Services (PMS) - ICICIDirect provide PMS Service where MyValueTrade doesn't offer

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

Compare ICICIDirect vs MyValueTrade on Order Types

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

Order Types - Compare ICICIDirect with MyValueTrade
Order Type Compare ICICIDirect 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
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Customer Service Offered

Compare ICICIDirect vs MyValueTrade on Customer Service

Compare ICICIDirect 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 ICICIDirect with MyValueTrade
Customer Service Compare ICICIDirect MyValueTrade
24/7 Customer Service ICICIDirect vs MyValueTrade - 24x7 customer support No No
Email Support ICICIDirect vs MyValueTrade - Email Support Yes Yes
Onine Live Chat ICICIDirect vs MyValueTrade - Onine Live Chat No Yes
Phone Support ICICIDirect vs MyValueTrade - Phone Support Yes Yes
Toll Free Number ICICIDirect vs MyValueTrade - Toll Free Number No No
Through Branches ICICIDirect vs MyValueTrade - Through Branches Yes No
Customer Care Number ICICIDirect vs MyValueTrade - Customer Care Number 1860 123 1122 Info Not Available
Account Opening Process ICICIDirect vs MyValueTrade - Account Opening Process Online Info Not Available
Customer Support Email ICICIDirect vs MyValueTrade - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education ICICIDirect vs MyValueTrade - Knowledge Center/Education https://www.icicidirect.com/knowledge-center Info Not Available
Head Office Address ICICIDirect vs MyValueTrade - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Info Not Available
Website ICICIDirect vs MyValueTrade - Company Website https://www.icicidirect.com Info Not Available
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Tips/Research/Reports Published

Compare ICICIDirect vs MyValueTrade on Research Reports, Tips

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

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

Compare ICICIDirect vs MyValueTrade on Demat Account

Compare ICICIDirect 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 ICICIDirect is ₹700 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 ICICIDirect is 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (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

Demat Charges - Compare ICICIDirect with MyValueTrade
  ICICIDirect MyValueTrade
DP Source CDSL NSDL
DP ID ICICIDirect vs MyValueTrade - DP ID 14300 No
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹300 pa (Second year onwards)
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account 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 ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) ₹15
Demat ₹50 per set up ₹3 per certificate + ₹20 per DFR
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) ₹50 per transaction
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) ₹25 per transaction
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) ₹25 per transaction
Failed Instruction Charges ₹30 per transaction ₹20
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs MyValueTrade on Special Offers and Promotion

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

Compare ICICIDirect vs MyValueTrade on Special Offers and Promotion
  ICICIDirect MyValueTrade
Pay In and Pay Out Options ICICIDirect vs MyValueTrade - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Info Not Available
Payout Time ICICIDirect vs MyValueTrade - Payout Time Instant to ICICI Bank. Info Not Available
Bank Supported and Charges ICICIDirect vs MyValueTrade - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Direct from your ICICI bank account. Info Not Available
Likes
  • 100% digital and paperless 3-in-1 account opening facility.
  • Trade on the BSE, NSE, MCX, and invest in other products.
  • Multiple brokerage plans for residents and NRI trading.
  • All kinds of trading platforms across web, app, and desktop versions.
  • Invest in mutual funds for free with ICICIdirect Money App.
  • Expert research calls and recommendations.
  • Sell stocks and get cash instantly with the e-ATM facility.
  • Advanced orders like bracket order, cover order, after market order, and basket order.
  • Place Valid Till Cancelled (VTC) order, valid for 45 days.
  • Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners.
  • Margin funding
  • Loans on securities.
  • Dedicated customer services.

Detail Review...

Detail Review...

Dislikes
  • High brokerage charges.
  • The broker levies a minimum brokerage fee, which varies across brokerage plans.
  • NEO flat discount brokerage plan (Rs. 20) charges a one-time subscription fee of Rs. 299.
  • Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.

Detail Review...

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

Detail Review...

Special Offers/Promo Get ICICI 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 2023-09-14T04:34:26+00:00