Compare 3 Brokers

MyValueTrade Vs Karvy: Which one is better?

The brokerage of MyValueTrade Max Rs 10 per trade while the brokerage of Karvy ranges between 0.03 to 0.3%. MyValueTrade is a Discount Broker where Karvy is a Full Service Broker. MyValueTrade is having overall lower rating compare to Karvy. MyValueTrade is rated only 3.5 out of 5 where Karvy is rated 4 out of 5.

Here we present side-by-side comparison of MyValueTrade vs Karvy 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 Karvy'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 Karvy on Service

  MyValueTrade Compare
MyValueTrade
Karvy Compare
Karvy
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX NSE,BSE,MCX-SX,MCX,NCDEX
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. KSBL is one of the largest stock broking houses in India offering services in stock broking, depository participant, distribution of financial products, advisory and private client group. The Broker is well known for its leading edge advice and high ...Know more about Karvy
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 Karvy. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare MyValueTrade vs Karvy on Trading & Demat Account Opening Charges

In this section we have compared MyValueTrade with Karvy on trading & demat account opening charges and AMC. Trading account opening charges - Karvy 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 Karvy charges Rs 500 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare MyValueTrade with Karvy
Charges MyValueTrade Karvy
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 500 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare MyValueTrade vs Karvy on Plan Options

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

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

Account Opening

  MyValueTrade Karvy
Account Opening Request
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Brokerage Charges

Compare MyValueTrade vs Karvy 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.

Karvy Brokerage Plan detail - Karvy have different plan and this is there basic plan, For more details about plan you need to contact personally.

Brokerage Charges - Compare MyValueTrade with Karvy
Brokerage Charges Compare MyValueTrade Karvy
Plan Name Flat Fee Rs 10 Trading Plan Basic Trading Plan (Percentage Based)
Equity Delivery Flat Fee Rs 10 0.3% or 30 paisa
Equity Intraday Flat Fee Rs 10 0.03% or 3 paisa
Equity Futures Flat Fee 10 Rs 0.03% or 3 paisa
Equity Options Flat Fee Rs 10 Rs 50 Per Lot
Currency Futures Flat Fee 10 Rs 0.03% or 3 paisa
Currency Options Flat Fee Rs 10 Rs 50 Per Lot
Commodity Trading Flat Fee 10 Rs 0.03% or 3 paisa
Minimum Brokerage Rs 10 or .01% whichever is lower NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Yes - 18% interest PA
Call & Trade Charges Info Not Available Call 18004198283 number for Call and Trade, SMS Order faclity also available
Brokerage Calculator Brokerage Calculator for MyValueTrade Brokerage Calculator for Karvy
SPAN Margin Calculator SPAN Margin Calculator for MyValueTrade SPAN Margin Calculator for Karvy
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Share Broker's Transaction Charges

Compare MyValueTrade vs Karvy on Transaction Charges

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

Transaction Charges - Compare MyValueTrade with Karvy
Transaction Charges Compare MyValueTrade Karvy
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 190 Per Cr
Equity Options Rs 6000 Per Cr Rs 5000 Per Cr
Currency Futures Rs 120 Per Cr Rs 110 Per Cr
Currency Options Rs 4200 Per Cr Rs 4000 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for my-value-trade Complete Brokerage Plans for karvy
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Account Features

Compare MyValueTrade vs Karvy on Account Features

Compare MyValueTrade with Karvy 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 Karvy doesn't offers margin funding. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - MyValueTrade with Karvy
Account Features Compare MyValueTrade Karvy
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 Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading No No
Other Features NIL NIL
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Trading Platform

Compare MyValueTrade vs Karvy on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w MyValueTrade and Karvy. 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 Karvy
Trading Platform Compare MyValueTrade Karvy
Desktop Trading Platform MVT Trade Karvy NESTTrader
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/ https://trade.karvyonline.com/KARVY/Login/indexauth.jsp
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App MVT Mobile KarvyOnline
Mobile Trading App Demo Info Not Available KarvyOnline Demo
Android Mobile App Yes Yes
Android App Download Andriod MVT Mobile Download Andriod KarvyOnline Download
iPhone Mobile App (IOS) No No
iOS App Download iOS MVT Mobile Download iOS KarvyOnline Download
Android Tablet App Yes Yes
iPad App (IOS) No No
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 Karvy
Futures Brokerage Calculator Futures Brokerage Calculator for MyValueTrade Futures Brokerage Calculator for Karvy
Options Brokerage Calculator Options Brokerage Calculator for MyValueTrade Options Brokerage Calculator for Karvy
Detail Detail on Trading Platforms for my-value-trade Detail on Trading Platforms for karvy

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Broker Ratings by Users

Compare MyValueTrade vs Karvy on User Rating

  MyValueTrade Karvy
  9 Customer Reviews    Rate MyValueTrade 3 Customer Reviews    Rate Karvy
Fees Ratings 3.7 2.7
Trading Brokerage Rating 4.0 2.3
Trading Platform Usability 3.2 2.3
Customer Service Ratings 3.2 3.7
Overall Ratings Rated 3.2 stars Rated 2.7 stars
Broker Rating MyValueTrade is Rated 3.2 / 5 based on 9 customer reviews Karvy is Rated 2.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare MyValueTrade vs Karvy on Investment Offerings

Compare MyValueTrade with Karvy 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 - both brokers offers trading options in Commodity (MCX). Online Mutual Fund Investment - Karvy offers online mutual fund investment option where MyValueTrade doesn't offer. Portfolio Management Services (PMS) - Karvy provides PMS Service where MyValueTrade doesn't offer

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

Compare MyValueTrade vs Karvy on Order Types

Order Type - Compare MyValueTrade with Karvy 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) - Karvy 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) - Karvy 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)- MyValueTrade offers After Market Orders where Karvy doesn't offers AMO. GTC Orders- both brokers doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare MyValueTrade with Karvy
Order Type Compare MyValueTrade Karvy
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 No
GTC-Good Till Cancelled No No
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Margin/Leverage

Compare MyValueTrade vs Karvy on Margin/Leverage

Comapre MyValueTrade with Karvy 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 Karvy
Margin Product Compare MyValueTrade Karvy
Equity Delivery Margin MyValueTrade vs Karvy - Equity Delivery Margin Info Not Available Up to 4x leverage for equity delivery.
Equity Intraday Margin MyValueTrade vs Karvy - Equity Intraday Margin Info Not Available Up to 13x leverage for equity.
Futures Margin MyValueTrade vs Karvy - Futures Margin Info Not Available Up to 2x leverage for futures.
Options Margin MyValueTrade vs Karvy - Options Margin Info Not Available 2x margin for options shorting, no leverage for option buying.
Equity CO Margin MyValueTrade vs Karvy - Equity CO Margin Info Not Available Up to 20x margin/leverage for equity CO for selected equity scripts.
Futures CO Margin MyValueTrade vs Karvy - Futures CO Margin Info Not Available Up to 20x margin/leverage for future CO.
Options CO Margin MyValueTrade vs Karvy - Options CO Margin Info Not Available Info Not Available
Commodity Margin MyValueTrade vs Karvy - Commodity Margin Info Not Available Up to 30x margin/leverage for commodity trading.
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Customer Service Offered

Compare MyValueTrade vs Karvy on Customer Service

Compare MyValueTrade with Karvy 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 Karvy
Customer Service Compare MyValueTrade Karvy
24/7 Customer Service MyValueTrade vs Karvy - 24x7 customer support No No
Email Support MyValueTrade vs Karvy - Email Support Yes Yes
Onine Live Chat MyValueTrade vs Karvy - Onine Live Chat Yes No
Phone Support MyValueTrade vs Karvy - Phone Support Yes Yes
Toll Free Number MyValueTrade vs Karvy - Toll Free Number No Yes
Through Branches MyValueTrade vs Karvy - Through Branches No Yes
Customer Care Number MyValueTrade vs Karvy - Customer Care Number Info Not Available 18004198283/7093706007/18004198283
Account Opening Process MyValueTrade vs Karvy - Account Opening Process Info Not Available Online/Paperless
Customer Support Email MyValueTrade vs Karvy - Customer Support Email Info Not Available [email protected]
Knowledge Center/Education MyValueTrade vs Karvy - Knowledge Center/Education Info Not Available https://www.karvyonline.com/knowledge-center/index
Head Office Address MyValueTrade vs Karvy - Head Office Address/Corporate Address Info Not Available Karvy House,
No. 46, 8-2-609/K Avenue 4,
Street No. 1,
Banjara Hills,
Hyderabad - 500 034
Telangana
Website MyValueTrade vs Karvy - Company Website Info Not Available www.karvyonline.com
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Tips/Research/Reports Published

Compare MyValueTrade vs Karvy on Research Reports, Tips

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

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

Compare MyValueTrade vs Karvy on Demat Account

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

Demat Charges - Compare MyValueTrade with Karvy
  MyValueTrade Karvy
DP Source NSDL CDSL
DP ID MyValueTrade vs Karvy - DP ID No 33200
Demat Account Annual Maintenance Charges(AMC) NIL 1) For Individuals other than NRI: Rs. 500/- p.a; 2) For NRI A/c: Rs.1500/- p.a; 3) For Corporate A/c: Rs.5000/- p.a.; 4) For Foreign Corporate Body A/c: Rs.10000/- p.a.
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 1) If sold through KSBL, for "KSBL POA" registered Account: Rs.12/- per instruction; 2) For all other transactions Rs.30/- per instruction upto a value of Rs.30,000/- or part thereof, Rs.10/- for every additional value of Rs.30,000/- or part thereof, subject to Minimum of Rs.30/- and Maximum of Rs.1000/- per instruction; 3) For BSDA Accounts Rs.100/- per instruction; 4) For Corporate Accounts (including Foreign Corporate Body accounts): 0.04% of the value of securities, Minimum Rs.100/- per instruction
Demat Rs. 20/- per DRF plus Rs. 3/- per certificate 1) Rs. 5 per certificate + Rs.40/- for Postage/Courier charges; 2) For BSDA Accounts: Rs.10/- per certificate + Rs.50/- Postage/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.20/- for every 100 securities or Rs.20/- per certificate whichever is higher
Pledge Creation Rs. 50/- 0.03% of value of securities, Minimum Rs.100/- and a Maximum of Rs.5000/- Per instruction
Pledge Creation Confirmation Nil 0.03% of value of securities, Minimum Rs.100/- and a Maximum of Rs.5000/- Per instruction
Pledge Closure Rs. 25/- 0.03% of value of securities, Minimum Rs.100/- and a Maximum of Rs.5000/- Per instruction
Pledge Closure Confirmation Nil 0.03% of value of securities, Minimum Rs.100/- and a Maximum of Rs.5000/- Per instruction
Pledge Invocation Rs. 25/- 0.03% of value of securities, Minimum Rs.100/- and a Maximum of Rs.5000/- Per instruction
Failed Instruction Charges Rs. 20/- per intimation per instruction Rs.100/- per instruction
Other Charges 1) Rs.100/- per Demat Rejection ; 2) Rs.100/- per Client Modification Request; 3) Rs.100/- per DIS Lost Request ; 4) Rs.100/- per request for physical statements (SOT/SOH )

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Special Offers,Advantages,Disadvantages

Compare MyValueTrade vs Karvy on Special Offers and Promotion

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

Compare MyValueTrade vs Karvy on Special Offers and Promotion
  MyValueTrade Karvy
Pay In and Pay Out Options MyValueTrade vs Karvy - 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 Karvy Broking Trading Platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time MyValueTrade vs Karvy - Payout Time Info Not Available Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges MyValueTrade vs Karvy - Bank Supported and Charges Info Not Available Around 40+ bank are prefered parter with Karvy Stock Broking.
Bank Detail Info Not Available Info Not Available
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...

Customer centric, leading edge technology, top-notch research team, professional management and a wide network of offices across India.

Detail Review...

Dislikes

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

Detail Review...

no clear view of brokerage charges, not a 3 in 1 account; minimum brokerage charges

Detail Review...

Special Offers/Promo
Enquiry Enquire about MyValueTrade Enquire about Karvy

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







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