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MyValueTrade Vs Fyers: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. 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. Number of active customer for Fyers is 2,19,169 where number of active customer for MyValueTrade is . Fyers is serving more customer compare to MyValueTrade.

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.

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
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. 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? NSE, BSE, MCX BSE, NSE, MCX
Active Clients 2,19,169
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 is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i...Know more about Fyers
Broker Enquiry Request call back from Zerodha Request call back from Fyers
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Account Opening Charges and AMC

Compare MyValueTrade vs Fyers on Trading & Demat Account Opening Charges

Comparison of 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 opening. Demat AMC charges - Fyers offer Free AMC for Demat account where MyValueTrade charges Rs 400 PA (Waived for 1st year) 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) Free
Provide DP Service Yes Yes
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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 compare on high level about type of plans offered by brokers. Multiple Plans - MyValueTrade provide Multiple Plans where Fyers doesn't offer. Monthly 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

  Zerodha 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 0.03% or Rs 20 whichever is lower
Equity Futures Flat Fee 10 Rs 0.03% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 10 Flat Fee Rs 20
Currency Futures Flat Fee 10 Rs 0.03% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 10 Flat Fee Rs 20
Commodity Trading Flat Fee 10 Rs Flat Fee Rs 20
Minimum Brokerage Rs 10 or .01% whichever is lower NIL
Hidden Charges Info Not Available No
Funding Info Not Available No
Call & Trade Charges NA Rs 50 Per Order
Auto Square off Charges NA Rs 50 Per Order
Brokerage Calculator Brokerage Calculator for MyValueTrade Brokerage 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 NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 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 trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - MyValueTrade offers a 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 Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading No No
Other Features NIL Fyers 30 Day Challenge
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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 links 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/ Fyers Web
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No No
Mobile Trading Yes Yes
Mobile Trading App MVT Mobile Fyers 2.0 Mobile App
Mobile Trading App Demo Info Not Available Fyers 2.0 Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod MVT Mobile Download Andriod Fyers 2.0 Mobile App Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS MVT Mobile Download iOS Fyers 2.0 Mobile App 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 10 Customer Reviews    Rate Fyers
Fees Ratings 3.7 3.5
Trading Brokerage Rating 4.0 3.6
Trading Platform Usability 3.4 3.6
Customer Service Ratings 3.4 3.4
Overall Ratings 3.4 3.2
Broker Rating MyValueTrade is Rated 3.4 / 5 based on 10 customer reviews Fyers is Rated 3.2 / 5 based on 10 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 broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). 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 Yes
Online IPO Application No Yes
Mutual Funds No Yes
Bond / NCD No No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment No Yes
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 brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type 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 facilities. The orders are sent 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 order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No Yes
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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 compares types of service offered by each broker for a quick resolution for query/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 08060001111
Account Opening Process MyValueTrade vs Fyers - Account Opening Process Info Not Available 100% online and paperless proc
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/school-of-stocks/
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 the 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. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Fyers is Free where for MyValueTrade is ₹300 pa (Second year onwards). Fyers is a better choice in terms of Demat AMC compare to MyValueTrade.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for MyValueTrade is ₹15 where for Fyers is ₹7 + ₹5.50 (CDSL Charges) per transaction.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers 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 432-2019
Demat Account Annual Maintenance Charges(AMC) ₹300 pa (Second year onwards) Free
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 ₹7 + ₹5.50 (CDSL Charges) per transaction
Demat ₹3 per certificate + ₹20 per DFR ₹0
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) ₹0
Pledge Creation ₹50 per transaction Nil
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹25 per transaction Nil
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹25 per transaction Nil
Failed Instruction Charges ₹20 Nil
Other Charges Nil Stamp Charges ₹50,
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Special Offers,Advantages,Disadvantages

Compare MyValueTrade vs Fyers on Special Offers and Promotion

Compare MyValueTrade with Fyers on the general features, advantages, disadvantages, payout 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 Up to 24 Hrs except for Bank Holidays.
Bank Supported and Charges MyValueTrade vs Fyers - Bank Supported and Charges Info Not Available 24+ banks connected via payment gateway, Free pay in and Free Pay Out.
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

Detail Review...

  • Trade on BSE, NSE, and MCX
  • Free stocks and mutual funds investment
  • Rs 20 fixed brokerage on all segments
  • Invest in IPOs, OFS, SGBs, G-secs, and T-bills
  • Cheapest Rs 50/order brokerage on NRI trading
  • User-friendly mobile app and website for investors
  • Fyers Next and Fyers One high-speed trading terminal for traders
  • Fyers Thematic Investing: Invest in expert curated basket of stocks.
  • Start Algo trading Access with Fyers API for free
  • Bracket order, cover order, GTT, AMO, basket order
  • Fyers School of Stocks, a free stock market learning platform.
  • Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc.

Detail Review...

Dislikes

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

Detail Review...

  • No unlimited zero brokerage monthly plans
  • No 3-in-1 account offering
  • No mutual fund investment app
  • Research reports are not offered free

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Fyers Account Now>>

Last Updated on 2019-07-08T23:37:28+00:00