The brokerage of ICICIDirect Max 0.05 to .55% 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.
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.
|Broker Type||Full Service Broker||Discount Broker|
|Exchanges Supported||BSE, NSE||BSE, NSE, MCX|
|Broker Overview||ICICI Direct, pioneering online trading platform of ICICI Securities, charges more than its competitors,but delivers with a fantastic platform and innovative offering and strong customer service. With these attributes, the company earns its No. 1 ove...||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.|
In this section we have compared 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 opeing. Demat AMC charges - ICICIDirect charges Rs 600 PA (Waived for 1st year) AMC for Demat account where MyValueTrade charges Rs 400 PA (Waived for 1st year) AMC for Demat account.
|Trading Account Opening Fees||Free||Rs 555|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 600 PA (Waived for 1st year)||Rs 400 PA (Waived for 1st year)|
|Provide DP Service|
Plans are the most important feature you look when compare ICICIDirect with MyValueTrade. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy. Monthlay Plans - MyValueTrade provides Monthly Plans where ICICIDirect doesn't offer
|Account Opening Request|
ICICIDirect Brokerage Plan detail - This is an ICICIDirect fixed brokerage plan irrespective of turnover volume best suited for casual traders.
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||MyValueTrade|
|Plan Name||I-Secure Trading Plan (Percentage Based)||Flat Fee Rs 10 Trading Plan|
|Equity Delivery||0.55% or 55 paisa||Flat Fee Rs 10|
|Equity Intraday||0.03% or 3 paisa||Flat Fee Rs 10|
|Equity Futures||0.05% or 5 paisa||Flat Fee 10 Rs|
|Equity Options||Rs 95 Per Lot||Flat Fee Rs 10|
|Currency Futures||0.05% or 5 paisa||Flat Fee 10 Rs|
|Currency Options||Rs 25 Per Lot||Flat Fee Rs 10|
|Commodity Trading||NA||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.||Info Not Available|
|Brokerage Calculator||Brokerage Calculator for ICICIDirect||Brokerage Calculator for MyValueTrade|
|SPAN Margin Calculator||SPAN Margin Calculator for ICICIDirect||SPAN Margin Calculator for MyValueTrade|
Compare ICICIDirect with MyValueTrade on transaction charges and PCM fee by segment.
|Transaction Charges Compare||ICICIDirect||MyValueTrade|
|Equity Delivery||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Intraday||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Futures||Rs 190 Per Cr||Rs 300 Per Cr|
|Equity Options||Rs 5000 Per Cr||Rs 6000 Per Cr|
|Currency Futures||Rs 100 Per Cr||Rs 120 Per Cr|
|Currency Options||Rs 4000 Per Cr||Rs 4200 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|
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 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - ICICIDirect offers NRI where MyValueTrade doesn't offers NRI Trading.
|Account Features Compare||ICICIDirect||MyValueTrade|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:15PM||3:15PM|
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 link for mobile app to download and demo links for easy access.
|Trading Platform Compare||ICICIDirect||MyValueTrade|
|Desktop Trading Platform||Trade Racer||MVT Trade|
|Desktop Demo||Desktop Demo||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://www.icicidirect.com||https://direct.mastermarts.com/|
|Web Trading Demo||Web Trading Demo||Info Not Available|
|Mobile Trading App||ICICI direct Mobile||MVT Mobile|
|Mobile Trading App Demo||ICICI direct Mobile Demo||Info Not Available|
|Android Mobile App|
|Android App Download||Andriod ICICI direct Mobile Download||Andriod MVT Mobile Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS ICICI direct Mobile Download||iOS MVT Mobile Download|
|Android Tablet App|
|iPad App (IOS)|
|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|
|264 Customer Reviews||9 Customer Reviews|
|Trading Brokerage Rating|
|Trading Platform Usability|
|Customer Service Ratings|
|Broker Rating||ICICIDirect is Rated 2.5 / 5 based on 264 customer reviews||MyValueTrade is Rated 3.2 / 5 based on 9 customer reviews|
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 brokers 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||MyValueTrade|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
Order Type - Compare ICICIDirect with MyValueTrade on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle 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 brokers 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 facility. The orders are send 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 Type Compare||ICICIDirect||MyValueTrade|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Comapre ICICIDirect with MyValueTrade on Exposure/Margin offered by broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.
|Margin Product Compare||ICICIDirect||MyValueTrade|
|Equity Delivery Margin||No Delivery margin.||Info Not Available|
|Equity Intraday Margin||Upto 5x leverage for equity.||Info Not Available|
|Futures Margin||Upto 2x leverage for futures.||Info Not Available|
|Options Margin||Upto 2x margin for Options shorting, No leverage for option buying.||Info Not Available|
|Equity CO Margin||Upto 25x margin/leverage in CO order for selected equity scripts.||Info Not Available|
|Futures CO Margin||Upto 25x margin/leverage in CO order for Futures contracts.||Info Not Available|
|Options CO Margin||Upto 25x margin/leverage in CO order for options contracts sell only.||Info Not Available|
|Commodity Margin||Info Not Available||Info Not Available|
Compare ICICIDirect with MyValueTrade on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.
|Customer Service Compare||ICICIDirect||MyValueTrade|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||33551122||Info Not Available|
|Account Opening Process||Offline||Info Not Available|
|Customer Support Email||[email protected]||Info Not Available|
|Knowledge Center/Education||http://content.icicidirect.com/indexfaq.asp||Info Not Available|
|Head Office Address||ICICI Centre,
H.T. Parekh Marg,
Mumbai – 400020
|Info Not Available|
|Website||https://www.icicidirect.com||Info Not Available|
Compare ICICIDirect with MyValueTrade on research reports and tips provided by broker.
|Research Mutual Funds|
|Research Equity Reports|
|Daily Market Report|
|Quarterly Result Analysis|
Compare ICICIDirect with MyValueTrade on Demat Service and Charges. This section cover about demat charges, demat service and other details
|Demat Account Annual Maintenance Charges(AMC)||Payable yearly in advance ? For Individual account : Rs. 500 p.a. For Corporate a/c : 1500 p.a.||NIL|
|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||Stamp Duty at actuals||Nil|
|Transaction Charges on Debit (Per ISIN)||For Normal Mkt & Off Mkt sell (0.04% of trans value for each CID)(subj to Min Rs.30/-) For Debt instruments Mkt & Off Mkt sell (0.04% of trans value for each CID)(subj to Min Rs.30/- & Max Rs.500/-)||Rs. 12/- for each debit instruction|
|Demat||Rs.50 /- Per Demat Request Form and Rs.10/- For Each Certificates||Rs. 20/- per DRF plus Rs. 3/- per certificate|
|Remat||Rs. 30 + CDSL actuals||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||0.03 % or minimum of Rs. 50/-||Rs. 50/-|
|Pledge Creation Confirmation||0.03 % or minimum of Rs. 50/-||Nil|
|Pledge Closure||0.03 % or minimum of Rs. 50/-||Rs. 25/-|
|Pledge Closure Confirmation||0.03 % or minimum of Rs. 50/-||Nil|
|Pledge Invocation||0.03 % or minimum of Rs. 50/-||Rs. 25/-|
|Failed Instruction Charges||Rejection/Fails Rs.30/-||Rs. 20/- per intimation per instruction|
|Other Charges||a) Mailing charges for non periodic statements and other communication , Rs. 50 for inland and Rs. 500.0 for foreign address . b) Rs. 200/- for restoring services if account is suspended for non payment of charges.|
Compare ICICIDirect with MyValueTrade on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
|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||Instant to ICICI Bank.||Info Not Available|
|Bank Supported and Charges||Info Not Available||Info Not Available|
|Bank Detail||Direct from your ICICI bank account.||Info Not Available|
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.
doesn't provide tips and recommendation; doesn't offer automated trading to its clients.
|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||Enquire about ICICIDirect||Enquire about MyValueTrade|
Last Updated on 2019-07-08T23:24:28+00:00