Compare MyValueTrade Vs Fyers
The brokerage of MyValueTrade Max Rs 10 per trade while the brokerage of Fyers Securities Max Rs 20 per trade. Both the brokers are Discount Brokers. MyValueTrade is having overall lower rating compare to Fyers Securities.MyValueTrade is rated only 3.5 out of 5 where Fyers Securities is rated 4 out of 5.
Here we present 1 on 1 comparison of MyValueTrade vs Fyers Securities share brokers in India. The comparison is based on more than 50 attributes for clear decision making.To be precise, we have compared MyValueTrade vs Fyers's on brokerage plans,Plan types,customer service, maintenance fees, tools, rating, reviews,trading features, margin/leverage, demat account and investment options provided to Indian financial market.This will help you in make up your mind and clear things for you so that you can choose the best broker for youself.
Compare MyValueTrade vs Fyers Securities on Service
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MyValueTrade |
Fyers Securities |
| Overall Rating |
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| Brokerage Charges |
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| Trading Platform |
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| Investments Offering |
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| Customer Service |
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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. |
| Broker Enquiry |
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Account Opening Charges and AMC
Compare MyValueTrade vs Fyers Securities on Brokerage & Demat Account Opening Charges
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MyValueTrade |
Fyers Securities |
| Trading Account Opening Fees
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Rs 555 |
Free |
| Trading AMC
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Free |
Free |
| Demat Account Opening Fees
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Free |
Free |
| Demat AMC
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Rs 400 PA (Waived for 1st year) |
Rs 400 PA |
| Provide DP Service
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About Brokerage Plans
Compare MyValueTrade vs Fyers Securities on Plan Options
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MyValueTrade |
Fyers Securities |
| Multiple Plans
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| Monthly Plans
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| Yearly Plans
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Contact Broker / Request A Call Back
Brokerage Charges
Compare MyValueTrade vs Fyers Securities on Brokerage Charges
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MyValueTrade |
Fyers Securities |
| Plan Name
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Flat Fee Rs 10 Plan |
Max Rs 20 Per Order Plan |
| Plan Description
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This is 10 Rs per executed order plan by MVT, which is half the price Zerodha and RKSV proposing. |
Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments. |
| Equity Delivery
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Flat Fee Rs 10 |
Free |
| Equity Intraday
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Flat Fee Rs 10 |
0.01% or Rs 20 whichever is lower |
| Equity Futures
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Flat Fee 10 Rs |
0.01% or Rs 20 whichever is lower |
| Equity Options
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Flat Fee Rs 10 |
Flat Fee Rs 20 |
| Currency Futures
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Flat Fee 10 Rs |
0.01% or Rs 20 whichever is lower |
| Currency Options
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Flat Fee Rs 10 |
Flat Fee Rs 20 |
| Commodity Trading
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Flat Fee 10 Rs |
NA |
| Minimum Brokerage
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Rs 10 or .01% whichever is lower |
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| Hidden Charges
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Info Not Available |
No |
| Funding
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Info Not Available |
No |
| Call & Trade Charges
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Info Not Available |
Rs 20 Per Order |
| Brokerage Calculator |
Brokerage Calculator for MyValueTrade |
Brokerage Calculator for Fyers Securities |
| SPAN Margin Calculator |
SPAN Margin Calculator for MyValueTrade |
SPAN Margin Calculator for Fyers Securities |
Share Broker's Transaction Charges
Compare MyValueTrade vs Fyers Securities on Transaction Charges
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MyValueTrade |
Fyers Securities |
| Equity Delivery
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Rs 325 Per Cr |
Rs 325 Per Cr |
| Equity Intraday
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Rs 325 Per Cr |
Rs 325 Per Cr |
| Equity Futures
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Rs 300 Per Cr |
Rs 240 Per Cr |
| Equity Options
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Rs 6000 Per Cr |
Rs 5900 Per Cr |
| Currency Futures
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Rs 120 Per Cr |
Rs 175 Per Cr |
| Currency Options
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Rs 4200 Per Cr |
Rs 6500 Per Cr |
| Commodity
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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 |
Account Features
Compare MyValueTrade vs Fyers Securities on Account Features
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MyValueTrade |
Fyers Securities |
| 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
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3:15PM |
3:15PM |
| NRI Trading
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| Other Features
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Free Call & trade |
Trading Platform
Broker Ratings by Users
Compare MyValueTrade vs Fyers Securities on User Rating
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MyValueTrade |
Fyers Securities |
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9 Customer Reviews  |
5 Customer Reviews |
| 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 |
Investment Offerings
Compare MyValueTrade vs Fyers Securities on Investment Offerings
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MyValueTrade |
Fyers Securities |
| 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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| Algo Trading
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| Other Investment Options
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Order Types
Compare MyValueTrade vs Fyers Securities on Order Types
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MyValueTrade |
Fyers Securities |
| 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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Margin/Leverage
Compare MyValueTrade vs Fyers Securities on Margin/Leverage
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MyValueTrade |
Fyers Securities |
| 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 |
Customer Service Offered
Compare MyValueTrade vs Fyers Securities on Customer Service Offerance
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MyValueTrade |
Fyers Securities |
| 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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| Toll Free Number
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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 |
Offline |
| 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/ |
Tips/Research/Reports Published
Compare MyValueTrade vs Fyers Securities on Research Reports, Tips
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MyValueTrade |
Fyers Securities |
| 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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Demat Account
Compare MyValueTrade vs Fyers Securities on Demat Account
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MyValueTrade |
Fyers Securities |
| DP Source
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NSDL |
CDSL |
| DP ID
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No |
Info Not Available |
| Demat Account Annual Maintenance Charges(AMC)
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NIL |
400 - Individual, 500 - Non Individual |
| Advance Deposit
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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
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Nil |
NIL |
| Transaction Charges on Debit (Per ISIN)
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Rs. 12/- for each debit instruction |
Flat Rs 20 + 5.5 (CDSL charges)[On and Off Market Orders] |
| Demat
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Rs. 20/- per DRF plus Rs. 3/- per certificate |
2 per certificate + Rs.35 courier charges |
| Remat
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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
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Rs. 50/- |
0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250 |
| Pledge Creation Confirmation
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Nil |
0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250 |
| Pledge Closure
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Rs. 25/- |
0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250 |
| Pledge Closure Confirmation
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Nil |
0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250 |
| Pledge Invocation
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Rs. 25/- |
0.02% of the transaction value subject to a minimum of Rs 50 + depository charges at actually |
| Failed Instruction Charges
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Rs. 20/- per intimation per instruction |
Rs 30 per transaction |
| Other Charges
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Cheque Bounce- Rs. 350/- Physical Statement - Rs. 50/- (Courier charges) Modification in CML - Rs. 50/- per request |
Special Offers,Advantages,Disadvantages
Compare MyValueTrade vs Fyers Securities on Special Offers and Promotion
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MyValueTrade |
Fyers Securities |
| 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
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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. More Advantages... |
- Investment in mutual funds and advice on investment.
- Fyers trading and demat account opening is free and no minimum balance is required to open the account.
- In house and unique portfolio investment for new entrants in market called thematic investing at Rs 100 per theme.
More Advantages... |
| Dislikes
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doesn't provide tips and recommendation; doesn't offer automated trading to its clients. More Disadvantages... |
- Trading can be done on NSE only.
- No own DP service,they have tie-up with IL&FS for demat services.
- Automated trading, bracket and cover orders are not available.
- DP charges on selling is higher compared to other discount brokers.
More Disadvantages... |
| Special Offers/Promo
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Get FREE Trading for Limited Time + FREE Equity Delivery Trades (No Brokerage) + Rs 20 Max Trade in all other segments. |
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Enquire about MyValueTrade
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Enquire about Fyers
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