The brokerage of MyValueTrade Max Rs 10 per trade while the brokerage of Fyers Max Rs 20 per trade. Both the brokers are Discount Brokers. MyValueTrade is having overall lower rating compare to Fyers. MyValueTrade is rated only 3.5 out of 5 where Fyers is rated 4 out of 5.
Here we present side-by-side comparison of MyValueTrade vs Fyers 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 Fyers'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.
 MyValueTrade |
 Fyers |
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| Overall Rating | ||
| Brokerage Charges | ||
| Trading Platform | ||
| Investments Offering | ||
| Customer Service | ||
Broker Type
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Discount Broker | Discount Broker |
| Exchanges Supported
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BSE, NSE, MCX | 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. | Fyers Securities is the fresh breeze in the online discount brokerage industry that differentiates themselves from others in line by taking one step ahead by introducing thematic investing, advisory and recommendation services for smart investment. |
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In this section we have compared MyValueTrade with Fyers on trading & demat account opening charges and AMC. Trading account opening charges - Fyers offer Free account opening where MyValueTrade charges Rs 555 for account opeing. Demat AMC charges - MyValueTrade charges Rs 400 PA (Waived for 1st year) AMC for Demat account where Fyers charges Rs 400 PA AMC for Demat account.
| Charges | MyValueTrade | Fyers |
|---|---|---|
| Trading Account Opening Fees | Rs 555 | Free |
| Trading AMC | Free | Free |
| Demat Account Opening Fees | Free | Free |
| Demat AMC | Rs 400 PA (Waived for 1st year) | Rs 400 PA |
| Provide DP Service |  |
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Plans are the most important feature you look when compare MyValueTrade with Fyers. This section copare on high level about type of plans offered by brokers. Miltiple Plans - MyValueTrade provide Multiple Plans where Fyers doesn't offer Monthlay Plans - MyValueTrade provide Monthly Plans where Fyers doesn't offer
| Plan Types | MyValueTrade | Fyers |
|---|---|---|
| Multiple Plans | |
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| Monthly Plans | |
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| Yearly Plans | |
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| MyValueTrade | Fyers | |
|---|---|---|
| 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.
Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.
| Brokerage Charges Compare | MyValueTrade | Fyers |
|---|---|---|
| Plan Name | Flat Fee Rs 10 Trading Plan | Max Rs 20 Per Order Trading Plan |
| Equity Delivery | Flat Fee Rs 10 | Free |
| Equity Intraday | Flat Fee Rs 10 | 0.01% or Rs 20 whichever is lower |
| Equity Futures | Flat Fee 10 Rs | 0.01% or Rs 20 whichever is lower |
| Equity Options | Flat Fee Rs 10 | Flat Fee Rs 20 |
| Currency Futures | Flat Fee 10 Rs | 0.01% or Rs 20 whichever is lower |
| Currency Options | Flat Fee Rs 10 | Flat Fee Rs 20 |
| Commodity Trading | Flat Fee 10 Rs | NA |
| Minimum Brokerage | Rs 10 or .01% whichever is lower | NIL |
| Hidden Charges | Info Not Available | No |
| Funding | Info Not Available | No |
| Call & Trade Charges | Info Not Available | Rs 20 Per Order |
| Brokerage Calculator | Brokerage Calculator for MyValueTrade | Brokerage Calculator for Fyers |
| SPAN Margin Calculator | SPAN Margin Calculator for MyValueTrade | SPAN Margin Calculator for Fyers |
Compare MyValueTrade with Fyers on transaction charges and PCM fee by segment.
| Transaction Charges Compare | MyValueTrade | Fyers |
|---|---|---|
| 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 240 Per Cr |
| Equity Options | Rs 6000 Per Cr | Rs 5900 Per Cr |
| Currency Futures | Rs 120 Per Cr | Rs 175 Per Cr |
| Currency Options | Rs 4200 Per Cr | Rs 6500 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 fyers |
Compare MyValueTrade with Fyers on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo tradig/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - MyValueTrade offers margin funding where Fyers doesn't offers margin funding. NRI Trading - both doesn't offer NRI Trading facility.
| Account Features Compare | MyValueTrade | Fyers |
|---|---|---|
| 3 in 1 Account | |
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| Charting | |
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| Algo Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding Available | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM |
| NRI Trading | |
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| Other Features | NIL | Free Call & trade |
With our expert research team, we have compared all the major features of Trading platform b/w MyValueTrade and Fyers. 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 | Fyers |
|---|---|---|
| Desktop Trading Platform | MVT Trade | Fyers One |
| Desktop Demo | Info Not Available | Desktop Demo |
| Desktop Platform (Windows) | |
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| Desktop Platform (Mac) | |
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| Web Trading Platform | |
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| Web Trading Detail | https://direct.mastermarts.com/ | http://webtrader.fyers.in/userMaster/login |
| Web Trading Demo | Info Not Available | Web Trading Demo |
| Mobile Site | |
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| Mobile Trading | |
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| Mobile Trading App | MVT Mobile | Fyers Markets |
| Mobile Trading App Demo | Info Not Available | Fyers Markets Demo |
| Android Mobile App | |
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| Android App Download | Andriod MVT Mobile Download | Andriod Fyers Markets Download |
| iPhone Mobile App (IOS) | |
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| iOS App Download | iOS MVT Mobile Download | iOS Fyers Markets Download |
| Android Tablet App | |
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| iPad App (IOS) | |
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| Trading Software Charges | Info Not Available | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for MyValueTrade | Equity Intraday and Delivery Brokerage Calculator for Fyers |
| Futures Brokerage Calculator | Futures Brokerage Calculator for MyValueTrade | Futures Brokerage Calculator for Fyers |
| Options Brokerage Calculator | Options Brokerage Calculator for MyValueTrade | Options Brokerage Calculator for Fyers |
| Detail | Detail on Trading Platforms for my-value-trade | Detail on Trading Platforms for fyers |
| MyValueTrade | Fyers | |
|---|---|---|
9 Customer Reviews  |
5 Customer Reviews |
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| Fees Ratings |  |
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| Trading Brokerage Rating |  |
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| Trading Platform Usability |  |
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| Customer Service Ratings | |
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| Overall Ratings | |
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| Broker Rating | MyValueTrade is Rated 3.2 / 5 based on 9 customer reviews | Fyers is Rated 3.8 / 5 based on 5 customer reviews |
Compare MyValueTrade with Fyers 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 Fyers doesn't offer. Online Mutual Fund Investment - Fyers 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 | Fyers |
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| Equity Cash and F&O | |
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| Currency Deravitives | |
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| Commodity | |
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| Online IPO Application | |
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| Mutual Funds | |
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| Bond / NCD | |
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| ETF | |
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| Banking | |
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| Insurance | |
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| Forex | |
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| MF SIP Investment | |
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| Equity SIP Investment | |
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| PMS Service | |
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| Other Investment Options | NIL | NIL |
Order Type - Compare MyValueTrade with Fyers 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) - Fyers 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) - Fyers provides Bracket Orders (BO) where MyValueTrade doesn't offer.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- Fyers offers Good Till Cancelled (GTC) orders where MyValueTrade doesn't support Good Till Cancelled (GTC) orders.
| Order Type Compare | MyValueTrade | Fyers |
|---|---|---|
| CNC Ordre | |
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| MIS Ordre | |
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| NRML Ordre | |
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| Cover Ordre | |
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| Bracket Ordre | |
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| AMO-After Market Orders | |
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| GTC-Good Till Cancelled | |
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Comapre MyValueTrade with Fyers 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 | Fyers |
|---|---|---|
| Equity Delivery Margin
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Info Not Available | No Margin/Leverage for Equity delivery. |
| Equity Intraday Margin
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Info Not Available | Up to 16x leverage for equity. |
| Futures Margin
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Info Not Available | Up to 4x leverage for equity futures. |
| Options Margin
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Info Not Available | Up to 4x for options selling and 1.3x for options buying. |
| Equity CO Margin
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Info Not Available | Up to 20x leverage for equity cover order. |
| Futures CO Margin
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Info Not Available | Up to 33x leverage for future cover order. |
| Options CO Margin
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Info Not Available | Up to 33x leverage for options cover order. |
| Commodity Margin
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Info Not Available | Info Not Available |
Compare MyValueTrade with Fyers 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 | Fyers |
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| 24/7 Customer Service
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| Email Support
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| Onine Live Chat
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| Phone Support
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| Through Branches
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| Customer Care Number
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Info Not Available | 080 4625 1111 |
| Account Opening Process
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Info Not Available | Online/Paperless |
| Customer Support Email
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Info Not Available | [email protected] |
| Knowledge Center/Education
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Info Not Available | https://fyers.in/faqs/ |
| Head Office Address
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Info Not Available | Fyers Securities, No. 19 & 20, 3rd Main, Gandhinagar, Bangalore – 560009 |
| Website
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Info Not Available | https://fyers.in/ |
Compare MyValueTrade with Fyers on research reports and tips provided by broker.
| MyValueTrade | Fyers | |
|---|---|---|
| Research Mutual Funds
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| Research Equity Reports
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| Research ETF
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| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Compare MyValueTrade with Fyers on Demat Service and Charges. This section cover about demat charges, demat service and other details
| MyValueTrade | Fyers | |
|---|---|---|
| DP Source | NSDL | CDSL |
| DP ID
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No | Info Not Available |
| Demat Account Annual Maintenance Charges(AMC) | NIL | 400 - Individual, 500 - Non Individual |
| 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 | Flat Rs 20 + 5.5 (CDSL charges)[On and Off Market Orders] |
| Demat | Rs. 20/- per DRF plus Rs. 3/- per certificate | 2 per certificate + Rs.35 courier charges |
| 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 25 |
| Pledge Creation | Rs. 50/- | 0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250 |
| Pledge Creation Confirmation | Nil | 0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250 |
| Pledge Closure | Rs. 25/- | 0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250 |
| Pledge Closure Confirmation | Nil | 0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250 |
| Pledge Invocation | Rs. 25/- | 0.02% of the transaction value subject to a minimum of Rs 50 + depository charges at actually |
| Failed Instruction Charges | Rs. 20/- per intimation per instruction | Rs 30 per transaction |
| Other Charges | Cheque Bounce- Rs. 350/- Physical Statement - Rs. 50/- (Courier charges) Modification in CML - Rs. 50/- per request |
Compare MyValueTrade with Fyers on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| MyValueTrade | Fyers | |
|---|---|---|
| Pay In and Pay Out Options
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Info Not Available | Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web. Pay-out/Fund Withdrawal - Bank Transfer only |
| Payout Time
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Info Not Available | Upto 24 Hrs except Bank Holidays. |
| Bank Supported and Charges
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Info Not Available | 21+ bank connected via payment gatway, Rs 10 fee for per transaction. |
| Bank Detail | Info Not Available | Fyers Securities, Account Number:00090340002376 Bank and Branch: HDFC Bank,Kasturba Road, Bangalore Account Type: Current Account IFSC Code: HDFC0000009 |
| 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. |
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| Dislikes | doesn't provide tips and recommendation; doesn't offer automated trading to its clients. |
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| Special Offers/Promo | Get FREE Trading for Limited Time + FREE Equity Delivery Trades (No Brokerage) + Rs 20 Max Trade in all other segments. | |
| Enquiry | Enquire about MyValueTrade | Enquire about Fyers |
Last Updated on 2019-07-08T23:37:28+00:00
