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IDBI Direct Vs MyValueTrade: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where MyValueTrade offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct Max 0.02% to 0.20% per trade while the brokerage of MyValueTrade ranges between Rs 10. IDBI Direct is a Full Service Broker where MyValueTrade is a Discount Broker. Overall rating for both the brokers are equal with rating 3.5 out of 5. Number of active customer for IDBI Direct is 55,285 where number of active customer for MyValueTrade is . IDBI Direct is serving more customer compare to MyValueTrade.

Here we present side-by-side comparison of IDBI Direct vs MyValueTrade share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared IDBI Direct vs MyValueTrade'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 IDBI Direct vs MyValueTrade share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared IDBI Direct vs MyValueTrade'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 IDBI Direct vs MyValueTrade on Service

  IDBI Direct Compare
IDBI Direct
MyValueTrade Compare
MyValueTrade
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE NSE, BSE, MCX
Active Clients 55,285
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct 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.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare IDBI Direct vs MyValueTrade on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with MyValueTrade on trading & demat account opening charges and AMC. Trading account opening charges - IDBI Direct offer Free account opening where MyValueTrade charges Rs 555 for account opening. Demat AMC charges - IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account where MyValueTrade charges Rs 400 PA (Waived for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with MyValueTrade
Charges IDBI Direct MyValueTrade
Trading Account Opening Fees Free Rs 555
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Rs 400 PA (Waived for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs MyValueTrade on Plan Options

Plans are the most important feature you look when compare IDBI Direct with MyValueTrade. This section compare on high level about type of plans offered by brokers. Multiple Plans - MyValueTrade provides Multiple Plans where IDBI Direct doesn't offer. Monthly Plans - MyValueTrade provides Monthly Plans where IDBI Direct doesn't offer

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

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare IDBI Direct vs MyValueTrade on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

MyValueTrade Brokerage Plan detail - This is 10 Rs per executed order plan by MVT, which is half the price Zerodha and RKSV proposing.

Brokerage Charges - Compare IDBI Direct with MyValueTrade
Brokerage Charges Compare IDBI Direct MyValueTrade
Plan Name Flat Brokerage PLan Flat Fee Rs 10 Trading Plan
Equity Delivery 0.20% Flat Fee Rs 10
Equity Intraday 0.02% Flat Fee Rs 10
Equity Futures Flat Rs 15 per order Flat Fee 10 Rs
Equity Options Flat Rs 15 per order Flat Fee Rs 10
Currency Futures Flat Rs 15 per order Flat Fee 10 Rs
Currency Options Flat Rs 15 per order Flat Fee Rs 10
Commodity Trading NA Flat Fee 10 Rs
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. Rs 10 or .01% whichever is lower
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Free NA
Auto Square off Charges NA NA
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for MyValueTrade
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Share Broker's Transaction Charges

Compare IDBI Direct vs MyValueTrade on Transaction Charges

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

Transaction Charges - Compare IDBI Direct with MyValueTrade
Transaction Charges Compare IDBI Direct MyValueTrade
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 NA Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for idbicapital Complete Brokerage Plans for my-value-trade
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Account Features

Compare IDBI Direct vs MyValueTrade on Account Features

Compare IDBI Direct with MyValueTrade on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct 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 IDBI Direct doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - IDBI Direct offers NRI where MyValueTrade doesn't offers NRI Trading.

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

Compare IDBI Direct vs MyValueTrade on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct and MyValueTrade. 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 IDBI Direct with MyValueTrade
Trading Platform Compare IDBI Direct MyValueTrade
Desktop Trading Platform Infinity MVT Trade
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.idbicapital.com/ https://direct.mastermarts.com/
Web Trading Demo Info Not Available Info Not Available
Mobile Site No No
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App MVT Mobile
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod MVT Mobile Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS IDBI Direct Mobile App Download iOS MVT Mobile Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IDBI Direct Equity Intraday and Delivery Brokerage Calculator for MyValueTrade
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for MyValueTrade
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for MyValueTrade
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for my-value-trade

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Broker Ratings by Users

Compare IDBI Direct vs MyValueTrade on User Rating

  IDBI Direct MyValueTrade
  31 Customer Reviews    Rate IDBI Direct 10 Customer Reviews    Rate MyValueTrade
Fees Ratings 3.0 3.7
Trading Brokerage Rating 2.5 4.0
Trading Platform Usability 2.6 3.4
Customer Service Ratings 2.7 3.4
Overall Ratings 2.7 3.4
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews MyValueTrade is Rated 3.4 / 5 based on 10 customer reviews
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Investment Offerings

Compare IDBI Direct vs MyValueTrade on Investment Offerings

Compare IDBI Direct with MyValueTrade 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 - MyValueTrade offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. Online Mutual Fund Investment - IDBI Direct 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 IDBI Direct with MyValueTrade
Investment Offerings Compare IDBI Direct MyValueTrade
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes No
Mutual Funds Yes No
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare IDBI Direct vs MyValueTrade on Order Types

Order Type - Compare IDBI Direct with MyValueTrade 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) - IDBI Direct provide 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) - IDBI Direct provide 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- IDBI Direct offers Good Till Cancelled (GTC) orders where MyValueTrade doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare IDBI Direct with MyValueTrade
Order Type Compare IDBI Direct MyValueTrade
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare IDBI Direct vs MyValueTrade on Customer Service

Compare IDBI Direct with MyValueTrade 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 IDBI Direct with MyValueTrade
Customer Service Compare IDBI Direct MyValueTrade
24/7 Customer Service IDBI Direct vs MyValueTrade - 24x7 customer support No No
Email Support IDBI Direct vs MyValueTrade - Email Support Yes Yes
Onine Live Chat IDBI Direct vs MyValueTrade - Onine Live Chat No Yes
Phone Support IDBI Direct vs MyValueTrade - Phone Support Yes Yes
Toll Free Number IDBI Direct vs MyValueTrade - Toll Free Number Yes No
Through Branches IDBI Direct vs MyValueTrade - Through Branches Yes No
Customer Care Number IDBI Direct vs MyValueTrade - Customer Care Number 022-3913 5001 Info Not Available
Account Opening Process IDBI Direct vs MyValueTrade - Account Opening Process Info Not Available Info Not Available
Customer Support Email IDBI Direct vs MyValueTrade - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education IDBI Direct vs MyValueTrade - Knowledge Center/Education Info Not Available Info Not Available
Head Office Address IDBI Direct vs MyValueTrade - Head Office Address/Corporate Address Info Not Available Info Not Available
Website IDBI Direct vs MyValueTrade - Company Website https://www.idbidirect.in/ Info Not Available
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Tips/Research/Reports Published

Compare IDBI Direct vs MyValueTrade on Research Reports, Tips

Compare IDBI Direct with MyValueTrade on research reports and tips provided by the broker.

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

Compare IDBI Direct vs MyValueTrade on Demat Account

Compare IDBI Direct with MyValueTrade 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 MyValueTrade is ₹300 pa (Second year onwards) where for IDBI Direct is ₹350 pa.

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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges where for MyValueTrade is ₹15.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 IDBI Direct with MyValueTrade
  IDBI Direct MyValueTrade
DP Source CDSL NSDL
DP ID IDBI Direct vs MyValueTrade - DP ID No No
Demat Account Annual Maintenance Charges(AMC) ₹350 pa ₹300 pa (Second year onwards)
Advance Deposit NO 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
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges ₹15
Demat ₹5 per certificate + ₹30 courier charges ₹3 per certificate + ₹20 per DFR
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher ₹50 per transaction
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher ₹25 per transaction
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher Nil
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher ₹25 per transaction
Failed Instruction Charges Nil ₹20
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs MyValueTrade on Special Offers and Promotion

Compare IDBI Direct with MyValueTrade on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare IDBI Direct vs MyValueTrade on Special Offers and Promotion
  IDBI Direct MyValueTrade
Pay In and Pay Out Options IDBI Direct vs MyValueTrade - Pay In and Pay Out Options Info Not Available Info Not Available
Payout Time IDBI Direct vs MyValueTrade - Payout Time Info Not Available Info Not Available
Bank Supported and Charges IDBI Direct vs MyValueTrade - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Info Not Available
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

Detail Review...

Detail Review...

Dislikes
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

Detail Review...

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

Detail Review...

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

Last Updated on 2023-08-21T03:25:00+00:00