The brokerage of MyValueTrade Max Rs 10 per trade while the brokerage of AxisDirect ranges between 0.05% to 0.5%. MyValueTrade is a Discount Broker where AxisDirect 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 AxisDirect 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 AxisDirect'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||Discount Broker||Full Service Broker|
|Exchanges Supported||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.||Since its inception in 2005, Axis Securities Limited aims to become a leading player in the Retail Brokering Industry. The Broker is engaged in the business of marketing and selling of financial products of the Axis Bank Limited.|
In this section we have compared MyValueTrade with AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - MyValueTrade charges Rs 555 for account opening where AxisDirect charges Rs 999 for account opeing. Demat AMC charges - MyValueTrade charges Rs 400 PA (Waived for 1st year) AMC for Demat account where AxisDirect charges Rs 650 PA AMC for Demat account.
|Trading Account Opening Fees||Rs 555||Rs 999|
|Demat Account Opening Fees||Free||Rs 650|
|Demat AMC||Rs 400 PA (Waived for 1st year)||Rs 650 PA|
|Provide DP Service|
Plans are the most important feature you look when compare MyValueTrade with AxisDirect. 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 provide Monthly Plans where AxisDirect doesn't offer
|Account Opening Request|
MyValueTrade Brokerage Plan detail - This is 10 Rs per executed order plan by MVT, which is half the price Zerodha and RKSV proposing.
AxisDirect Brokerage Plan detail - Fixed Plan Brokerage is simple and easy to understand. Axis Direct is right in line with its closest full-service competitors. Its .50% for equity trades is slightly less expensive than ICICI (.55%) while same as Kotak, HDFC and SBI (.50%).
|Brokerage Charges Compare||MyValueTrade||AxisDirect|
|Plan Name||Flat Fee Rs 10 Trading Plan||Fixed Brokerage Trading Plan (Percentage Based)|
|Equity Delivery||Flat Fee Rs 10||0.5% or 50 paisa|
|Equity Intraday||Flat Fee Rs 10||0.05% or 5 paisa|
|Equity Futures||Flat Fee 10 Rs||0.05% or 5 paisa|
|Equity Options||Flat Fee Rs 10||Rs 10 Per Lot|
|Currency Futures||Flat Fee 10 Rs||0.05% or 5 paisa|
|Currency Options||Flat Fee Rs 10||Rs 20 Per Lot|
|Commodity Trading||Flat Fee 10 Rs||Futures - .03 or 3 paisa, Options - Rs 50 Per Lot|
|Minimum Brokerage||Rs 10 or .01% whichever is lower||NIL|
|Hidden Charges||Info Not Available||No|
|Funding||Info Not Available||Yes - 18% interest PA|
|Call & Trade Charges||Info Not Available||20 calls Free and after that Rs 20 per call|
|Brokerage Calculator||Brokerage Calculator for MyValueTrade||Brokerage Calculator for AxisDirect|
|SPAN Margin Calculator||SPAN Margin Calculator for MyValueTrade||SPAN Margin Calculator for AxisDirect|
Compare MyValueTrade with AxisDirect on transaction charges and PCM fee by segment.
|Transaction Charges Compare||MyValueTrade||AxisDirect|
|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 5000 Per Cr|
|Currency Futures||Rs 120 Per Cr||Rs 100 Per Cr|
|Currency Options||Rs 4200 Per Cr||Rs 4000 Per Cr|
|Commodity||Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr|
|Brokerage Charges||Complete Brokerage Plans for my-value-trade||Complete Brokerage Plans for axisdirect|
Compare MyValueTrade with AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - AxisDirect 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 AxisDirect doesn't offers Algo Trading. Margin Funding - both brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - AxisDirect offers NRI where MyValueTrade doesn't offers NRI Trading.
|Account Features Compare||MyValueTrade||AxisDirect|
|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 MyValueTrade and AxisDirect. 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||AxisDirect|
|Desktop Trading Platform||MVT Trade||DIRECTTrade|
|Desktop Demo||Info Not Available||Desktop Demo|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://direct.mastermarts.com/||https://login.axisdirect.in/|
|Web Trading Demo||Info Not Available||Web Trading Demo|
|Mobile Trading App||MVT Mobile||AxisDirect Mobile|
|Mobile Trading App Demo||Info Not Available||AxisDirect Mobile Demo|
|Android Mobile App|
|Android App Download||Andriod MVT Mobile Download||Andriod AxisDirect Mobile Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS MVT Mobile Download||iOS AxisDirect Mobile Download|
|Android Tablet App|
|iPad App (IOS)|
|Trading Software Charges||Info Not Available||Yes, DirectTrade - Rs 2999 PA|
|Equity Brokerage Calculator||Equity Intraday and Delivery Brokerage Calculator for MyValueTrade||Equity Intraday and Delivery Brokerage Calculator for AxisDirect|
|Futures Brokerage Calculator||Futures Brokerage Calculator for MyValueTrade||Futures Brokerage Calculator for AxisDirect|
|Options Brokerage Calculator||Options Brokerage Calculator for MyValueTrade||Options Brokerage Calculator for AxisDirect|
|Detail||Detail on Trading Platforms for my-value-trade||Detail on Trading Platforms for axisdirect|
|9 Customer Reviews||4 Customer Reviews|
|Trading Brokerage Rating|
|Trading Platform Usability|
|Customer Service Ratings|
|Broker Rating||MyValueTrade is Rated 3.2 / 5 based on 9 customer reviews||AxisDirect is Rated 2.8 / 5 based on 4 customer reviews|
Compare MyValueTrade with AxisDirect 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 - both brokers offers trading options in Commodity (MCX). Online Mutual Fund Investment - AxisDirect 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||AxisDirect|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
Order Type - Compare MyValueTrade with AxisDirect 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) - AxisDirect provides 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- AxisDirect offers Good Till Cancelled (GTC) orders where MyValueTrade doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||MyValueTrade||AxisDirect|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Comapre MyValueTrade with AxisDirect 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||MyValueTrade||AxisDirect|
|Equity Delivery Margin||Info Not Available||Upto 4x via Margin Funding for T+30 days|
|Equity Intraday Margin||Info Not Available||Upto 6x leverage for equity.|
|Futures Margin||Info Not Available||Upto 2x leverage for futures.|
|Options Margin||Info Not Available||Upto 2x margin for Options shorting, No leverage for option buying.|
|Equity CO Margin||Info Not Available||Upto 25x margin/leverage in CO for selected equity scripts.|
|Futures CO Margin||Info Not Available||Upto 25x margin/leverage in CO.|
|Options CO Margin||Info Not Available||Upto 50x margin/leverage in CO, Options contracts Sell only.|
|Commodity Margin||Info Not Available||Upto 2x margin/leverage for Commdities Intraday Futures.|
Compare MyValueTrade with AxisDirect 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||MyValueTrade||AxisDirect|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||Info Not Available||022-61480808|
|Account Opening Process||Info Not Available||Offline|
|Customer Support Email||Info Not Available||[email protected]|
|Knowledge Center/Education||Info Not Available||https://simplehai.axisdirect.in/learn/overview|
|Head Office Address||Info Not Available||Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Mumbai- 400 070.
|Website||Info Not Available||https://simplehai.axisdirect.in|
Compare MyValueTrade with AxisDirect on research reports and tips provided by broker.
|Research Mutual Funds|
|Research Equity Reports|
|Daily Market Report|
|Quarterly Result Analysis|
Compare MyValueTrade with AxisDirect on Demat Service and Charges. This section cover about demat charges, demat service and other details
|Demat Account Annual Maintenance Charges(AMC)||NIL||Rs. 650/- p.a for Ind Rs. 1000/- for NRI p.a and corporates Rs 5000/ p.a for promoter|
|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||Nil|
|Transaction Charges on Debit (Per ISIN)||Rs. 12/- for each debit instruction||0.04% of the value of the transaction or Rs. 25- (per Instruction) whichever is higher for securities|
|Demat||Rs. 20/- per DRF plus Rs. 3/- per certificate||Rs. 5/- per certificate or Rs. 50/- per request, whichever is higher|
|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 100 securities or part there of or Rs.50/- per request, whichever is higher|
|Pledge Creation||Rs. 50/-||0.04% of the value of the transaction or Rs. 50/ (per Instruction) whichever is higher|
|Pledge Creation Confirmation||Nil||0.04% of the value of the transaction or Rs. 50/ (per Instruction) whichever is higher|
|Pledge Closure||Rs. 25/-||0.04% of the value of the transaction or Rs. 50/ (per Instruction) whichever is higher|
|Pledge Closure Confirmation||Nil||0.04% of the value of the transaction or Rs. 50/ (per Instruction) whichever is higher|
|Pledge Invocation||Rs. 25/-||0.04% of the value of the transaction or Rs. 50/ (per Instruction) whichever is higher|
|Failed Instruction Charges||Rs. 20/- per intimation per instruction||Nil|
|Other Charges||Any change in client master detail will be charged Rs 25/-|
Compare MyValueTrade with AxisDirect on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
|Pay In and Pay Out Options||Info Not Available||Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
|Payout Time||Info Not Available||Instant to Axis Bank.|
|Bank Supported and Charges||Info Not Available||Info Not Available|
|Bank Detail||Info Not Available||Direct from your Axis bank account.|
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.
Seamless trade through 3 in 1 account, commodity trading, quality research, intutitive and powerful trading tools, robust trading platforms.
doesn't provide tips and recommendation; doesn't offer automated trading to its clients.
pay for software usage.
|Special Offers/Promo||Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.|
|Enquiry||Enquire about MyValueTrade||Enquire about AxisDirect|
Last Updated on 2019-07-08T23:37:28+00:00