Compare 3 Brokers

MyValueTrade Vs AxisDirect: Which one is better?

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.

Compare MyValueTrade vs AxisDirect on Service

  MyValueTrade Compare
MyValueTrade
AxisDirect Compare
AxisDirect
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. 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.
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 AxisDirect. Leave your contact info and we will get in touch with you.
Expand

Account Opening Charges and AMC

Compare MyValueTrade vs AxisDirect on Trading & Demat Account Opening Charges

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 & Demat Account Opening Charges - Compare MyValueTrade with AxisDirect
Charges MyValueTrade AxisDirect
Trading Account Opening Fees Rs 555 Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Rs 650
Demat AMC Rs 400 PA (Waived for 1st year) Rs 650 PA
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare MyValueTrade vs AxisDirect on Plan Options

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

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

Account Opening Request

Account Opening

  MyValueTrade AxisDirect
Account Opening Request
Expand

Brokerage Charges

Compare MyValueTrade vs AxisDirect 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.

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 with AxisDirect
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
Expand

Share Broker's Transaction Charges

Compare MyValueTrade vs AxisDirect on Transaction Charges

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

Transaction Charges - Compare MyValueTrade with AxisDirect
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
Expand

Account Features

Compare MyValueTrade vs AxisDirect on Account Features

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 - MyValueTrade with AxisDirect
Account Features Compare MyValueTrade AxisDirect
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 Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading No Yes
Other Features NIL NIL
Expand

Trading Platform

Compare MyValueTrade vs AxisDirect on Trading Platform

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 with AxisDirect
Trading Platform Compare MyValueTrade AxisDirect
Desktop Trading Platform MVT Trade DIRECTTrade
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://direct.mastermarts.com/ https://login.axisdirect.in/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App MVT Mobile AxisDirect Mobile
Mobile Trading App Demo Info Not Available AxisDirect Mobile Demo
Android Mobile App Yes Yes
Android App Download Andriod MVT Mobile Download Andriod AxisDirect Mobile Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS MVT Mobile Download iOS AxisDirect Mobile Download
Android Tablet App Yes Yes
iPad App (IOS) No Yes
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

Expand

Broker Ratings by Users

Compare MyValueTrade vs AxisDirect on User Rating

  MyValueTrade AxisDirect
  9 Customer Reviews    Rate MyValueTrade 4 Customer Reviews    Rate AxisDirect
Fees Ratings 3.7 3.0
Trading Brokerage Rating 4.0 2.5
Trading Platform Usability 3.2 2.8
Customer Service Ratings 3.2 2.8
Overall Ratings Rated 3.2 stars Rated 2.8 stars
Broker Rating MyValueTrade is Rated 3.2 / 5 based on 9 customer reviews AxisDirect is Rated 2.8 / 5 based on 4 customer reviews
Expand

Investment Offerings

Compare MyValueTrade vs AxisDirect on Investment Offerings

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 with AxisDirect
Investment Offerings Compare MyValueTrade AxisDirect
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
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 Yes
PMS Service No No
Other Investment Options NIL NIL
Expand

Order Types

Compare MyValueTrade vs AxisDirect on Order Types

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

Margin/Leverage

Compare MyValueTrade vs AxisDirect on Margin/Leverage

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.

Exposure/margin - Compare MyValueTrade with AxisDirect
Margin Product Compare MyValueTrade AxisDirect
Equity Delivery Margin MyValueTrade vs AxisDirect - Equity Delivery Margin Info Not Available Upto 4x via Margin Funding for T+30 days
Equity Intraday Margin MyValueTrade vs AxisDirect - Equity Intraday Margin Info Not Available Upto 6x leverage for equity.
Futures Margin MyValueTrade vs AxisDirect - Futures Margin Info Not Available Upto 2x leverage for futures.
Options Margin MyValueTrade vs AxisDirect - Options Margin Info Not Available Upto 2x margin for Options shorting, No leverage for option buying.
Equity CO Margin MyValueTrade vs AxisDirect - Equity CO Margin Info Not Available Upto 25x margin/leverage in CO for selected equity scripts.
Futures CO Margin MyValueTrade vs AxisDirect - Futures CO Margin Info Not Available Upto 25x margin/leverage in CO.
Options CO Margin MyValueTrade vs AxisDirect - Options CO Margin Info Not Available Upto 50x margin/leverage in CO, Options contracts Sell only.
Commodity Margin MyValueTrade vs AxisDirect - Commodity Margin Info Not Available Upto 2x margin/leverage for Commdities Intraday Futures.
Expand

Customer Service Offered

Compare MyValueTrade vs AxisDirect on Customer Service

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 Support - Compare MyValueTrade with AxisDirect
Customer Service Compare MyValueTrade AxisDirect
24/7 Customer Service MyValueTrade vs AxisDirect - 24x7 customer support No No
Email Support MyValueTrade vs AxisDirect - Email Support Yes Yes
Onine Live Chat MyValueTrade vs AxisDirect - Onine Live Chat Yes Yes
Phone Support MyValueTrade vs AxisDirect - Phone Support Yes Yes
Toll Free Number MyValueTrade vs AxisDirect - Toll Free Number No Yes
Through Branches MyValueTrade vs AxisDirect - Through Branches No Yes
Customer Care Number MyValueTrade vs AxisDirect - Customer Care Number Info Not Available 022-61480808
Account Opening Process MyValueTrade vs AxisDirect - Account Opening Process Info Not Available Offline
Customer Support Email MyValueTrade vs AxisDirect - Customer Support Email Info Not Available [email protected]
Knowledge Center/Education MyValueTrade vs AxisDirect - Knowledge Center/Education Info Not Available https://simplehai.axisdirect.in/learn/overview
Head Office Address MyValueTrade vs AxisDirect - Head Office Address/Corporate Address Info Not Available Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website MyValueTrade vs AxisDirect - Company Website Info Not Available https://simplehai.axisdirect.in
Expand

Tips/Research/Reports Published

Compare MyValueTrade vs AxisDirect on Research Reports, Tips

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

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

Demat Account

Compare MyValueTrade vs AxisDirect on Demat Account

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

Demat Charges - Compare MyValueTrade with AxisDirect
  MyValueTrade AxisDirect
DP Source NSDL CDSL
DP ID MyValueTrade vs AxisDirect - DP ID No 49200
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
Statutory charges Nil 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/-

Expand

Special Offers,Advantages,Disadvantages

Compare MyValueTrade vs AxisDirect on Special Offers and Promotion

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

Compare MyValueTrade vs AxisDirect on Special Offers and Promotion
  MyValueTrade AxisDirect
Pay In and Pay Out Options MyValueTrade vs AxisDirect - 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 MyValueTrade vs AxisDirect - Payout Time Info Not Available Instant to Axis Bank.
Bank Supported and Charges MyValueTrade vs AxisDirect - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Direct from your Axis bank account.
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...

Seamless trade through 3 in 1 account, commodity trading, quality research, intutitive and powerful trading tools, robust trading platforms.

Detail Review...

Dislikes

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

Detail Review...

pay for software usage.

Detail Review...

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







Search topsharebrokers.com:

Translate topsharebrokers.com: