Compare 3 Brokers

MyValueTrade Vs Fyers: Which one is better?

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.

Compare MyValueTrade vs Fyers on Service

  MyValueTrade Compare
MyValueTrade
Fyers Compare
Fyers
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX NSE, BSE, MCX
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 (Focus Your Energy & Reform the Self) 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.
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 Fyers. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare MyValueTrade vs Fyers on Trading & Demat Account Opening Charges

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.

Trading & Demat Account Opening Charges - Compare MyValueTrade with Fyers
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 Yes No
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About Brokerage Plans

Compare MyValueTrade vs Fyers on Plan Options

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

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

Account Opening

  MyValueTrade Fyers
Account Opening Request
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Brokerage Charges

Compare MyValueTrade vs Fyers 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.

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 with Fyers
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
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Share Broker's Transaction Charges

Compare MyValueTrade vs Fyers on Transaction Charges

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

Transaction Charges - Compare MyValueTrade with Fyers
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
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Account Features

Compare MyValueTrade vs Fyers on Account Features

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

Compare MyValueTrade vs Fyers on Trading Platform

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 with Fyers
Trading Platform Compare MyValueTrade Fyers
Desktop Trading Platform MVT Trade Fyers One
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/ http://webtrader.fyers.in/userMaster/login
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No No
Mobile Trading Yes Yes
Mobile Trading App MVT Mobile Fyers Markets
Mobile Trading App Demo Info Not Available Fyers Markets Demo
Android Mobile App Yes Yes
Android App Download Andriod MVT Mobile Download Andriod Fyers Markets Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS MVT Mobile Download iOS Fyers Markets Download
Android Tablet App Yes Yes
iPad App (IOS) No Yes
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

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Broker Ratings by Users

Compare MyValueTrade vs Fyers on User Rating

  MyValueTrade Fyers
  10 Customer Reviews    Rate MyValueTrade 5 Customer Reviews    Rate Fyers
Fees Ratings 3.7 3.4
Trading Brokerage Rating 4.0 3.8
Trading Platform Usability 3.4 4.2
Customer Service Ratings 3.4 4.0
Overall Ratings Rated 3.4 stars Rated 3.8 stars
Broker Rating MyValueTrade is Rated 3.4 / 5 based on 10 customer reviews Fyers is Rated 3.8 / 5 based on 5 customer reviews
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Investment Offerings

Compare MyValueTrade vs Fyers on Investment Offerings

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 with Fyers
Investment Offerings Compare MyValueTrade Fyers
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes No
Online IPO Application No No
Mutual Funds No Yes
Bond / NCD No No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment No No
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare MyValueTrade vs Fyers on Order Types

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

Compare MyValueTrade vs Fyers on Margin/Leverage

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.

Exposure/margin - Compare MyValueTrade with Fyers
Margin Product Compare MyValueTrade Fyers
Equity Delivery Margin MyValueTrade vs Fyers - Equity Delivery Margin Info Not Available No margin/ leverage for equity delivery.
Equity Intraday Margin MyValueTrade vs Fyers - Equity Intraday Margin Info Not Available Up to 16x leverage for equity.
Futures Margin MyValueTrade vs Fyers - Futures Margin Info Not Available Up to 4x leverage for equity futures.
Options Margin MyValueTrade vs Fyers - Options Margin Info Not Available Up to 4x for options selling and 1.3x for options buying.
Equity CO Margin MyValueTrade vs Fyers - Equity CO Margin Info Not Available Up to 20x leverage for equity cover order.
Futures CO Margin MyValueTrade vs Fyers - Futures CO Margin Info Not Available Up to 44x leverage for future cover order.
Options CO Margin MyValueTrade vs Fyers - Options CO Margin Info Not Available Up to 33x leverage for options cover order.
Commodity Margin MyValueTrade vs Fyers - Commodity Margin Info Not Available Up to 3x MIS Margin of SPAN, Complete SPAN is required for carry forward positions.
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Customer Service Offered

Compare MyValueTrade vs Fyers on Customer Service

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 Support - Compare MyValueTrade with Fyers
Customer Service Compare MyValueTrade Fyers
24/7 Customer Service MyValueTrade vs Fyers - 24x7 customer support No No
Email Support MyValueTrade vs Fyers - Email Support Yes Yes
Onine Live Chat MyValueTrade vs Fyers - Onine Live Chat Yes No
Phone Support MyValueTrade vs Fyers - Phone Support Yes Yes
Toll Free Number MyValueTrade vs Fyers - Toll Free Number No No
Through Branches MyValueTrade vs Fyers - Through Branches No No
Customer Care Number MyValueTrade vs Fyers - Customer Care Number Info Not Available 080 4625 1111
Account Opening Process MyValueTrade vs Fyers - Account Opening Process Info Not Available Online/Paperless
Customer Support Email MyValueTrade vs Fyers - Customer Support Email Info Not Available [email protected]
Knowledge Center/Education MyValueTrade vs Fyers - Knowledge Center/Education Info Not Available https://fyers.in/faqs/
Head Office Address MyValueTrade vs Fyers - Head Office Address/Corporate Address Info Not Available Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore 560009
Website MyValueTrade vs Fyers - Company Website Info Not Available https://fyers.in/
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Tips/Research/Reports Published

Compare MyValueTrade vs Fyers on Research Reports, Tips

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

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

Compare MyValueTrade vs Fyers on Demat Account

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

Demat Charges - Compare MyValueTrade with Fyers
  MyValueTrade Fyers
DP Source NSDL CDSL
DP ID MyValueTrade vs Fyers - DP ID No Info Not Available
Demat Account Annual Maintenance Charges(AMC) ₹300 pa (Second year onwards) 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) ₹15 Flat Rs 20 + 5.5 (CDSL charges)[On and Off Market Orders]
Demat ₹3 per certificate + ₹20 per DFR 2 per certificate + Rs.35 courier charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) Rs 25
Pledge Creation ₹50 per transaction 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 ₹25 per transaction 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 ₹25 per transaction 0.02% of the transaction value subject to a minimum of Rs 50 + depository charges at actually
Failed Instruction Charges ₹20 Rs 30 per transaction
Other Charges Nil Cheque Bounce- Rs. 350/- Physical Statement - Rs. 50/- (Courier charges) Modification in CML - Rs. 50/- per request

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Special Offers,Advantages,Disadvantages

Compare MyValueTrade vs Fyers on Special Offers and Promotion

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

Compare MyValueTrade vs Fyers on Special Offers and Promotion
  MyValueTrade Fyers
Pay In and Pay Out Options MyValueTrade vs Fyers - Pay In and Pay Out Options 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 MyValueTrade vs Fyers - Payout Time Info Not Available Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges MyValueTrade vs Fyers - Bank Supported and Charges 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.

Detail Review...

Detail Review...

Dislikes

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

Detail Review...

  • The broker doesn’t have own DP service, they have a tie-up with IL&FS for Demat services.
  • DP charges on selling are higher compared to other discount brokers.

Detail Review...

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







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