Compare 3 Brokers

MyValueTrade Vs IDBI Direct: Which one is better?

The brokerage of MyValueTrade Max Rs 10 per trade while the brokerage of IDBI Direct ranges between .08 to .5%. MyValueTrade is a Discount Broker where IDBI Direct is a Full Service Broker. Overall rating for both the brokers are equal with rating 3.5 out of 5.

Here we present side-by-side comparison of MyValueTrade vs IDBI Direct share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared MyValueTrade vs IDBI Direct'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.

Compare MyValueTrade vs IDBI Direct on Service

  MyValueTrade Compare
MyValueTrade
IDBI Direct Compare
IDBI Direct
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX BSE, NSE
Broker Overview 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. 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 Direct
Broker Enquiry Open an Online Trading Account with MyValueTrade. Leave your contact info and we will get in touch with you. Open an Online Trading Account with IDBI Direct. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare MyValueTrade vs IDBI Direct on Trading & Demat Account Opening Charges

In this section we have compared MyValueTrade with IDBI Direct on trading & demat account opening charges and AMC. Trading account opening charges - MyValueTrade charges Rs 555 for account opening where IDBI Direct charges Rs 700 for account opeing. Demat AMC charges - MyValueTrade charges Rs 400 PA (Waived for 1st year) AMC for Demat account where IDBI Direct charges Rs 350 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare MyValueTrade with IDBI Direct
Charges MyValueTrade IDBI Direct
Trading Account Opening Fees Rs 555 Rs 700
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA (Waived for 1st year) Rs 350 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare MyValueTrade vs IDBI Direct on Plan Options

Plans are the most important feature you look when compare MyValueTrade with IDBI Direct. This section copare on high level about type of plans offered by brokers. Miltiple Plans - MyValueTrade provide Multiple Plans where IDBI Direct doesn't offer Monthlay Plans - MyValueTrade provide Monthly Plans where IDBI Direct doesn't offer

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

Account Opening

  MyValueTrade IDBI Direct
Account Opening Request
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Brokerage Charges

Compare MyValueTrade vs IDBI Direct on Brokerage Charges

MyValueTrade Brokerage Plan detail - This is 10 Rs per executed order plan by MVT, which is half the price Zerodha and RKSV proposing.

IDBI Direct Brokerage Plan detail - This is a prepaid brokerage plan with subscription fee.Plan duration from 6 to 12 months.

Brokerage Charges - Compare MyValueTrade with IDBI Direct
Brokerage Charges Compare MyValueTrade IDBI Direct
Plan Name Flat Fee Rs 10 Trading Plan Flexi Gold Trading Plan (Percentage Based)
Equity Delivery Flat Fee Rs 10 0.5% or 50 paisa
Equity Intraday Flat Fee Rs 10 0.08% or 8 paisa
Equity Futures Flat Fee 10 Rs 0.08% or 8 paisa
Equity Options Flat Fee Rs 10 Rs 100 Per Lot
Currency Futures Flat Fee 10 Rs 0.08% or 8 paisa
Currency Options Flat Fee Rs 10 Rs 100 Per Lot
Commodity Trading Flat Fee 10 Rs NA
Minimum Brokerage Rs 10 or .01% whichever is lower Rs 25 per trade or 2.5% of the trade value whichever is lower.
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Info Not Available Info Not Available
Brokerage Calculator Brokerage Calculator for MyValueTrade Brokerage Calculator for IDBI Direct
SPAN Margin Calculator SPAN Margin Calculator for MyValueTrade SPAN Margin Calculator for IDBI Direct
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Share Broker's Transaction Charges

Compare MyValueTrade vs IDBI Direct on Transaction Charges

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

Transaction Charges - Compare MyValueTrade with IDBI Direct
Transaction Charges Compare MyValueTrade IDBI Direct
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 300 Per Cr Rs 190 Per Cr
Equity Options Rs 6000 Per Cr Rs 5100 Per Cr
Currency Futures Rs 120 Per Cr Rs 110 Per Cr
Currency Options Rs 4200 Per Cr Rs 4000 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for my-value-trade Complete Brokerage Plans for idbicapital
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Account Features

Compare MyValueTrade vs IDBI Direct on Account Features

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

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

Compare MyValueTrade vs IDBI Direct on Trading Platform

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

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Broker Ratings by Users

Compare MyValueTrade vs IDBI Direct on User Rating

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

Compare MyValueTrade vs IDBI Direct on Investment Offerings

Compare MyValueTrade with IDBI Direct 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 IDBI Direct doesn't offer. Online Mutual Fund Investment - IDBI Direct 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 MyValueTrade with IDBI Direct
Investment Offerings Compare MyValueTrade IDBI Direct
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes No
Online IPO Application No Yes
Mutual Funds No Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No Yes
Insurance No Yes
Forex No No
MF SIP Investment No Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare MyValueTrade vs IDBI Direct on Order Types

Order Type - Compare MyValueTrade with IDBI Direct 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) - both brokers don't have Cover Orders (CO).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- both brokers doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare MyValueTrade with IDBI Direct
Order Type Compare MyValueTrade IDBI Direct
CNC Ordre Yes Yes
MIS Ordre Yes Yes
NRML Ordre Yes Yes
Cover Ordre No No
Bracket Ordre No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No No
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Margin/Leverage

Compare MyValueTrade vs IDBI Direct on Margin/Leverage

Comapre MyValueTrade with IDBI Direct 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.

Exposure/margin - Compare MyValueTrade with IDBI Direct
Margin Product Compare MyValueTrade IDBI Direct
Equity Delivery Margin MyValueTrade vs IDBI Direct - Equity Delivery Margin Info Not Available Info Not Available
Equity Intraday Margin MyValueTrade vs IDBI Direct - Equity Intraday Margin Info Not Available Info Not Available
Futures Margin MyValueTrade vs IDBI Direct - Futures Margin Info Not Available Info Not Available
Options Margin MyValueTrade vs IDBI Direct - Options Margin Info Not Available Info Not Available
Equity CO Margin MyValueTrade vs IDBI Direct - Equity CO Margin Info Not Available Info Not Available
Futures CO Margin MyValueTrade vs IDBI Direct - Futures CO Margin Info Not Available Info Not Available
Options CO Margin MyValueTrade vs IDBI Direct - Options CO Margin Info Not Available Info Not Available
Commodity Margin MyValueTrade vs IDBI Direct - Commodity Margin Info Not Available Info Not Available
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Customer Service Offered

Compare MyValueTrade vs IDBI Direct on Customer Service

Compare MyValueTrade with IDBI Direct 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 Support - Compare MyValueTrade with IDBI Direct
Customer Service Compare MyValueTrade IDBI Direct
24/7 Customer Service MyValueTrade vs IDBI Direct - 24x7 customer support No No
Email Support MyValueTrade vs IDBI Direct - Email Support Yes Yes
Onine Live Chat MyValueTrade vs IDBI Direct - Onine Live Chat Yes No
Phone Support MyValueTrade vs IDBI Direct - Phone Support Yes Yes
Toll Free Number MyValueTrade vs IDBI Direct - Toll Free Number No Yes
Through Branches MyValueTrade vs IDBI Direct - Through Branches No Yes
Customer Care Number MyValueTrade vs IDBI Direct - Customer Care Number Info Not Available Info Not Available
Account Opening Process MyValueTrade vs IDBI Direct - Account Opening Process Info Not Available Info Not Available
Customer Support Email MyValueTrade vs IDBI Direct - Customer Support Email Info Not Available Info Not Available
Knowledge Center/Education MyValueTrade vs IDBI Direct - Knowledge Center/Education Info Not Available Info Not Available
Head Office Address MyValueTrade vs IDBI Direct - Head Office Address/Corporate Address Info Not Available Info Not Available
Website MyValueTrade vs IDBI Direct - Company Website Info Not Available Info Not Available
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Tips/Research/Reports Published

Compare MyValueTrade vs IDBI Direct on Research Reports, Tips

Compare MyValueTrade with IDBI Direct on research reports and tips provided by broker.

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

Compare MyValueTrade vs IDBI Direct on Demat Account

Compare MyValueTrade with IDBI Direct on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare MyValueTrade with IDBI Direct
  MyValueTrade IDBI Direct
DP Source NSDL CDSL
DP ID MyValueTrade vs IDBI Direct - DP ID No No
Demat Account Annual Maintenance Charges(AMC) NIL Rs. 450/- p.a ( Rs. 400/- for customers receiving statements by e-mail) Senior citizens ? Rs. 350/- p.a
Advance Deposit 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 NO
Statutory charges Nil NO
Transaction Charges on Debit (Per ISIN) Rs. 12/- for each debit instruction 0.04% of market value or Rs30/- per Transaction whichever is higher
Demat Rs. 20/- per DRF plus Rs. 3/- per certificate Rs5 per certificate Plus Rs 40 postage
Remat Rs. 20/- per every 100 securities or part thereof; or a flat fee of Rs. 20/- per certificate which ever is higher is payable Rs.20/- for every hundred securities or Flat fee of Rs.20/- per certificate whichever is higher
Pledge Creation Rs. 50/- 0.05% of market value or Rs.50/- per transaction whichever is higher
Pledge Creation Confirmation Nil NIL
Pledge Closure Rs. 25/- 0.05% of market value or Rs.25/- per transaction whichever is higher
Pledge Closure Confirmation Nil 0.05% of market value or Rs.25/- per transaction whichever is higher
Pledge Invocation Rs. 25/- 0.15% of market value or Rs.25/- per transaction
Failed Instruction Charges Rs. 20/- per intimation per instruction nil
Other Charges NIL

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Special Offers,Advantages,Disadvantages

Compare MyValueTrade vs IDBI Direct on Special Offers and Promotion

Compare MyValueTrade with IDBI Direct on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare MyValueTrade vs IDBI Direct on Special Offers and Promotion
  MyValueTrade IDBI Direct
Pay In and Pay Out Options MyValueTrade vs IDBI Direct - Pay In and Pay Out Options Info Not Available Info Not Available
Payout Time MyValueTrade vs IDBI Direct - Payout Time Info Not Available Info Not Available
Bank Supported and Charges MyValueTrade vs IDBI Direct - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Info Not Available
Likes

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.

Detail Review...

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

Detail Review...

Dislikes

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

Detail Review...

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

Detail Review...

Special Offers/Promo
Enquiry Enquire about MyValueTrade Enquire about IDBI Direct

Last Updated on 2019-07-08T23:37:28+00:00







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