The brokerage of MyValueTrade Max Rs 10 per trade while the brokerage of Nirmal Bang ranges between .02% to .20%. MyValueTrade is a Discount Broker where Nirmal Bang is a Full Service Broker. MyValueTrade is having overall higher rating compare to Nirmal Bang. MyValueTrade is rated 3.5 out of 5 where Nirmal Bang is rated only 3 out of 5.
Here we present side-by-side comparison of MyValueTrade vs Nirmal Bang 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 Nirmal Bang'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.
|Broker Type||Discount Broker||Full Service Broker|
|Exchanges Supported||BSE, NSE, MCX||BSE, NSE, 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.||Nirmal Bang empowers you with world-renowned research reports, finest trading platform, IPO investment, portfolio management services and so on for successful investment and trading comforts.|
In this section we have compared MyValueTrade with Nirmal Bang on trading & demat account opening charges and AMC. Trading account opening charges - Nirmal Bang 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 Nirmal Bang charges Rs 200 PA AMC for Demat account.
|Trading Account Opening Fees||Rs 555||Free|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 400 PA (Waived for 1st year)||Rs 200 PA|
|Provide DP Service|
Plans are the most important feature you look when compare MyValueTrade with Nirmal Bang. This section copare on high level about type of plans offered by brokers. Miltiple Plans - MyValueTrade provide Multiple Plans where Nirmal Bang doesn't offer Monthlay Plans - MyValueTrade provide Monthly Plans where Nirmal Bang doesn't offer
|Plan Types||MyValueTrade||Nirmal Bang|
|Account Opening Request|
MyValueTrade Brokerage Plan detail - This is 10 Rs per executed order plan by MVT, which is half the price Zerodha and RKSV proposing.
Nirmal Bang Brokerage Plan detail - This is a standard plan by Nirmal Bang.This is % based brokerage plan.
|Brokerage Charges Compare||MyValueTrade||Nirmal Bang|
|Plan Name||Flat Fee Rs 10 Trading Plan||Basic Trading Plan (Percentage Based)|
|Equity Delivery||Flat Fee Rs 10||0.2% or 20 paisa|
|Equity Intraday||Flat Fee Rs 10||0.02% or 2 paisa|
|Equity Futures||Flat Fee 10 Rs||0.02% or 2 paisa|
|Equity Options||Flat Fee Rs 10||Rs 100 Per Lot|
|Currency Futures||Flat Fee 10 Rs||0.02% or 2 paisa|
|Currency Options||Flat Fee Rs 10||Rs 20 Per Lot|
|Commodity Trading||Flat Fee 10 Rs||0.02% or 2 paisa|
|Minimum Brokerage||Rs 10 or .01% whichever is lower||NIL|
|Hidden Charges||Info Not Available||Info Not Available|
|Funding||Info Not Available||Info Not Available|
|Call & Trade Charges||Info Not Available||Info Not Available|
|Brokerage Calculator||Brokerage Calculator for MyValueTrade||Brokerage Calculator for Nirmal Bang|
|SPAN Margin Calculator||SPAN Margin Calculator for MyValueTrade||SPAN Margin Calculator for Nirmal Bang|
Compare MyValueTrade with Nirmal Bang on transaction charges and PCM fee by segment.
|Transaction Charges Compare||MyValueTrade||Nirmal Bang|
|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 nirmal-bang|
Compare MyValueTrade with Nirmal Bang 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 - both brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - both doesn't offer NRI Trading facility.
|Account Features Compare||MyValueTrade||Nirmal Bang|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:15PM||3:15PM|
With our expert research team, we have compared all the major features of Trading platform b/w MyValueTrade and Nirmal Bang. 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||Nirmal Bang|
|Desktop Trading Platform||MVT Trade||ODIN Diet|
|Desktop Demo||Info Not Available||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://direct.mastermarts.com/||https://nbtrade.nirmalbang.net/netnetlite/|
|Web Trading Demo||Info Not Available||Info Not Available|
|Mobile Trading App||MVT Mobile||Beyond|
|Mobile Trading App Demo||Info Not Available||Info Not Available|
|Android Mobile App|
|Android App Download||Andriod MVT Mobile Download||Andriod Beyond Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS MVT Mobile Download||iOS Beyond Download|
|Android Tablet App|
|iPad App (IOS)|
|Trading Software Charges||Info Not Available||Info Not Available|
|Equity Brokerage Calculator||Equity Intraday and Delivery Brokerage Calculator for MyValueTrade||Equity Intraday and Delivery Brokerage Calculator for Nirmal Bang|
|Futures Brokerage Calculator||Futures Brokerage Calculator for MyValueTrade||Futures Brokerage Calculator for Nirmal Bang|
|Options Brokerage Calculator||Options Brokerage Calculator for MyValueTrade||Options Brokerage Calculator for Nirmal Bang|
|Detail||Detail on Trading Platforms for my-value-trade||Detail on Trading Platforms for nirmal-bang|
|10 Customer Reviews||2 Customer Reviews|
|Trading Brokerage Rating|
|Trading Platform Usability|
|Customer Service Ratings|
|Broker Rating||MyValueTrade is Rated 3.4 / 5 based on 10 customer reviews||Nirmal Bang is Rated 3.5 / 5 based on 2 customer reviews|
Compare MyValueTrade with Nirmal Bang 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 - Nirmal Bang 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||Nirmal Bang|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
Order Type - Compare MyValueTrade with Nirmal Bang 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) - both brokers don't have Cover Orders (CO).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) - both brokers don't have Bracket Orders (BO).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- both brokers doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||MyValueTrade||Nirmal Bang|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Comapre MyValueTrade with Nirmal Bang 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.
|Margin Product Compare||MyValueTrade||Nirmal Bang|
|Equity Delivery Margin||Info Not Available||Info Not Available|
|Equity Intraday Margin||Info Not Available||Info Not Available|
|Futures Margin||Info Not Available||Info Not Available|
|Options Margin||Info Not Available||Info Not Available|
|Equity CO Margin||Info Not Available||Info Not Available|
|Futures CO Margin||Info Not Available||Info Not Available|
|Options CO Margin||Info Not Available||Info Not Available|
|Commodity Margin||Info Not Available||Info Not Available|
Compare MyValueTrade with Nirmal Bang 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 Service Compare||MyValueTrade||Nirmal Bang|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||Info Not Available||Info Not Available|
|Account Opening Process||Info Not Available||Info Not Available|
|Customer Support Email||Info Not Available||Info Not Available|
|Knowledge Center/Education||Info Not Available||Info Not Available|
|Head Office Address||Info Not Available||Info Not Available|
|Website||Info Not Available||Info Not Available|
Compare MyValueTrade with Nirmal Bang on research reports and tips provided by broker.
|Research Mutual Funds|
|Research Equity Reports|
|Daily Market Report|
|Quarterly Result Analysis|
Compare MyValueTrade with Nirmal Bang on Demat Service and Charges. This section cover about demat charges, demat service and other details
|Demat Account Annual Maintenance Charges(AMC)||₹300 pa (Second year onwards)||₹200 pa or ₹1000 for life time amc|
|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|
|Transaction Charges on Debit (Per ISIN)||₹15||0.03% of the transaction value (Min ₹15)|
|Demat||₹3 per certificate + ₹20 per DFR||₹40 per demat requets + ₹40 for additional 50 certificate|
|Remat||₹20 for every hundred securities or ₹20 per certificate (whichever is higher)||0.04% of the value or ₹15 per certificate (whichever is higher)|
|Pledge Creation||₹50 per transaction||0.02% of the transaction value (Min ₹100)|
|Pledge Creation Confirmation||Nil||Nil|
|Pledge Closure||₹25 per transaction||0.02% of the transaction value (Min ₹100)|
|Pledge Closure Confirmation||Nil||Nil|
|Pledge Invocation||₹25 per transaction||0.02% of the transaction value (Min ₹100)|
|Failed Instruction Charges||₹20||Nil|
Compare MyValueTrade with Nirmal Bang on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
|Pay In and Pay Out Options||Info Not Available||Info Not Available|
|Payout Time||Info Not Available||Info Not Available|
|Bank Supported and Charges||Info Not Available||Info Not Available|
|Bank Detail||Info Not Available||Info Not Available|
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.
Great customer support, PAN India presence, research reports, branch offices, free call and trade facility.
doesn't provide tips and recommendation; doesn't offer automated trading to its clients.
Minimum brokerage charges, charges for charts & technical analysis software.
|Enquiry||Enquire about MyValueTrade||Enquire about Nirmal Bang|
Last Updated on 2019-07-08T23:37:28+00:00