Compare 3 Brokers

MyValueTrade Vs ProStocks: Which one is better?

The brokerage of MyValueTrade Max Rs 10 per trade while the brokerage of ProStocks Max Rs 15 per trade. Both the brokers are Discount Brokers. MyValueTrade is having overall lower rating compare to ProStocks. MyValueTrade is rated only 3.5 out of 5 where ProStocks is rated 4 out of 5.

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

  MyValueTrade Compare
MyValueTrade
ProStocks Compare
ProStocks
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? BSE, NSE, MCX NSE,BSE
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. ProStocks is a full-fledged online stock broker initiated by well-experienced market leaders to bring investment and trading services at the lowest possible cost without compromising on the quality of trade.
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 ProStocks. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare MyValueTrade vs ProStocks on Trading & Demat Account Opening Charges

In this section we have compared MyValueTrade with ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - ProStocks 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 ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare MyValueTrade with ProStocks
Charges MyValueTrade ProStocks
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 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare MyValueTrade vs ProStocks on Plan Options

Plans are the most important feature you look when compare MyValueTrade with ProStocks. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy. Monthlay Plans - Both the brokers provides Monthly Plans.

Compare MyValueTrade with ProStocks on Plan Options
Plan Types MyValueTrade ProStocks
Multiple Plans Yes Yes
Monthly Plans Yes Yes
Yearly Plans Yes Yes
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Account Opening Request

Account Opening

  MyValueTrade ProStocks
Account Opening Request
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Brokerage Charges

Compare MyValueTrade vs ProStocks 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.

ProStocks Brokerage Plan detail - Rs 15, trade in any segment, fix price, no worries of volume and size of trade.Lower then Zerodha and RKSV, higher from SAS Online, but NO PCM FEE.

Brokerage Charges - Compare MyValueTrade with ProStocks
Brokerage Charges Compare MyValueTrade ProStocks
Plan Name Flat Fee Rs 10 Trading Plan Flat Fee Rs 15 Trading Plan
Equity Delivery Flat Fee Rs 10 Flat Fee Rs 15
Equity Intraday Flat Fee Rs 10 Flat Fee Rs 15
Equity Futures Flat Fee 10 Rs Flat Fee Rs 15
Equity Options Flat Fee Rs 10 Flat Fee Rs 15
Currency Futures Flat Fee 10 Rs Flat Fee Rs 15
Currency Options Flat Fee Rs 10 Flat Fee Rs 15
Commodity Trading Flat Fee 10 Rs NA
Minimum Brokerage Rs 10 or .01% whichever is lower NA
Hidden Charges Info Not Available No
Funding Info Not Available No
Call & Trade Charges Info Not Available Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for MyValueTrade Brokerage Calculator for ProStocks
SPAN Margin Calculator SPAN Margin Calculator for MyValueTrade SPAN Margin Calculator for ProStocks
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Share Broker's Transaction Charges

Compare MyValueTrade vs ProStocks on Transaction Charges

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

Transaction Charges - Compare MyValueTrade with ProStocks
Transaction Charges Compare MyValueTrade ProStocks
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 NA
Brokerage Charges Complete Brokerage Plans for my-value-trade Complete Brokerage Plans for prostocks
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Account Features

Compare MyValueTrade vs ProStocks on Account Features

Compare MyValueTrade with ProStocks 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 - MyValueTrade offers Algo Trading where ProStocks doesn't offers Algo Trading. Margin Funding - both brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - ProStocks offers NRI where MyValueTrade doesn't offers NRI Trading.

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

Compare MyValueTrade vs ProStocks on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w MyValueTrade and ProStocks. 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 ProStocks
Trading Platform Compare MyValueTrade ProStocks
Desktop Trading Platform MVT Trade ProStocks,NSE NOW
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://direct.mastermarts.com/ https://www.prostocksweb.com/
Web Trading Demo Info Not Available Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App MVT Mobile ProStocks Mobile
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod MVT Mobile Download Andriod ProStocks Mobile Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS MVT Mobile Download iOS ProStocks Mobile 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 ProStocks
Futures Brokerage Calculator Futures Brokerage Calculator for MyValueTrade Futures Brokerage Calculator for ProStocks
Options Brokerage Calculator Options Brokerage Calculator for MyValueTrade Options Brokerage Calculator for ProStocks
Detail Detail on Trading Platforms for my-value-trade Detail on Trading Platforms for prostocks

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Broker Ratings by Users

Compare MyValueTrade vs ProStocks on User Rating

  MyValueTrade ProStocks
  9 Customer Reviews    Rate MyValueTrade 2 Customer Reviews    Rate ProStocks
Fees Ratings 3.7 4.5
Trading Brokerage Rating 4.0 4.5
Trading Platform Usability 3.2 4.0
Customer Service Ratings 3.2 3.5
Overall Ratings Rated 3.2 stars Rated 4.5 stars
Broker Rating MyValueTrade is Rated 3.2 / 5 based on 9 customer reviews ProStocks is Rated 4.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare MyValueTrade vs ProStocks on Investment Offerings

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

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

Compare MyValueTrade vs ProStocks on Order Types

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

Order Types - Compare MyValueTrade with ProStocks
Order Type Compare MyValueTrade ProStocks
CNC Ordre Yes Yes
MIS Ordre Yes Yes
NRML Ordre Yes Yes
Cover Ordre No Yes
Bracket Ordre No No
AMO-After Market Orders Yes No
GTC-Good Till Cancelled No No
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Margin/Leverage

Compare MyValueTrade vs ProStocks on Margin/Leverage

Comapre MyValueTrade with ProStocks 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 ProStocks
Margin Product Compare MyValueTrade ProStocks
Equity Delivery Margin MyValueTrade vs ProStocks - Equity Delivery Margin Info Not Available No Delivery margin.
Equity Intraday Margin MyValueTrade vs ProStocks - Equity Intraday Margin Info Not Available Up to 7x leverage for equity intraday.
Futures Margin MyValueTrade vs ProStocks - Futures Margin Info Not Available Up to 1.5x leverage for equity future intraday.
Options Margin MyValueTrade vs ProStocks - Options Margin Info Not Available Up to 1.5x for options selling, no leverage on options buying.
Equity CO Margin MyValueTrade vs ProStocks - Equity CO Margin Info Not Available Up to 10x leverage for equity cover order.
Futures CO Margin MyValueTrade vs ProStocks - Futures CO Margin Info Not Available Info Not Available
Options CO Margin MyValueTrade vs ProStocks - Options CO Margin Info Not Available Info Not Available
Commodity Margin MyValueTrade vs ProStocks - Commodity Margin Info Not Available Info Not Available
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Customer Service Offered

Compare MyValueTrade vs ProStocks on Customer Service

Compare MyValueTrade with ProStocks 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 ProStocks
Customer Service Compare MyValueTrade ProStocks
24/7 Customer Service MyValueTrade vs ProStocks - 24x7 customer support No No
Email Support MyValueTrade vs ProStocks - Email Support Yes Yes
Onine Live Chat MyValueTrade vs ProStocks - Onine Live Chat Yes No
Phone Support MyValueTrade vs ProStocks - Phone Support Yes Yes
Toll Free Number MyValueTrade vs ProStocks - Toll Free Number No No
Through Branches MyValueTrade vs ProStocks - Through Branches No No
Customer Care Number MyValueTrade vs ProStocks - Customer Care Number Info Not Available +91-2262-434343
Account Opening Process MyValueTrade vs ProStocks - Account Opening Process Info Not Available Online/Paperless
Customer Support Email MyValueTrade vs ProStocks - Customer Support Email Info Not Available [email protected]
Knowledge Center/Education MyValueTrade vs ProStocks - Knowledge Center/Education Info Not Available https://www.prostocks.com/faq.html
Head Office Address MyValueTrade vs ProStocks - Head Office Address/Corporate Address Info Not Available Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website MyValueTrade vs ProStocks - Company Website Info Not Available https://www.prostocks.com
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Tips/Research/Reports Published

Compare MyValueTrade vs ProStocks on Research Reports, Tips

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

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

Compare MyValueTrade vs ProStocks on Demat Account

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

Demat Charges - Compare MyValueTrade with ProStocks
  MyValueTrade ProStocks
DP Source NSDL CDSL
DP ID MyValueTrade vs ProStocks - DP ID No 83200
Demat Account Annual Maintenance Charges(AMC) NIL Nil
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 1000/- Refundable Deposit against charges
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) Rs. 12/- for each debit instruction Rs.8/- + Rs 5.50/-(CDSL charges) per ISIN
Demat Rs. 20/- per DRF plus Rs. 3/- per certificate Rs 50/- per set up + Rs 50/-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 50/- per set up + Rs 50/-courier
Pledge Creation Rs. 50/- Rs 50/- per set up
Pledge Creation Confirmation Nil Nil
Pledge Closure Rs. 25/- Rs 50/- per set up
Pledge Closure Confirmation Nil Nil
Pledge Invocation Rs. 25/- Rs 50/- per set up
Failed Instruction Charges Rs. 20/- per intimation per instruction Failed transactions Rs 50/- per ISIN
Other Charges NIL

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Special Offers,Advantages,Disadvantages

Compare MyValueTrade vs ProStocks on Special Offers and Promotion

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

Compare MyValueTrade vs ProStocks on Special Offers and Promotion
  MyValueTrade ProStocks
Pay In and Pay Out Options MyValueTrade vs ProStocks - 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 Prostocks Mobile, Prostocks Desktop and Prostocks Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time MyValueTrade vs ProStocks - Payout Time Info Not Available Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges MyValueTrade vs ProStocks - Bank Supported and Charges Info Not Available Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms.
Bank Detail Info Not Available SUNLIGHT BROKING LLP,
Account Number:00600340080912
Bank and Branch: HDFC BANK, FORT
Account Type: Current Account
IFSC Code: HDFC0000060
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...

  • Simple and low-cost
  • Zero Demat Account AMC.
  • Paperless account opening process.
  • IVRS facilities for back-office and balance confirmation.
  • Strong back-office
  • No prop trading by broker.
  • Rs 0 PCM fee.

Detail Review...

Dislikes

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

Detail Review...

  • Lower exposure compared to other discount brokers.
  • The trading platform is average, missing advance order types like Cover Order and Bracket Order in ProStocks App, Web, and Desktop.
  • Security on the trading platform is good, but change password in every 2 weeks is uncomfortable.
  • Currently, the broker is not offering commodity trading and mutual fund investment options.
  • No extra tools for options, research, etc.

Detail Review...

Special Offers/Promo ProStocks offer FREE Trading + Demat Account (NO AMC). You can trade unlimited in equity segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit.
Enquiry Enquire about MyValueTrade Enquire about ProStocks

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







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