Compare 3 Brokers

MyValueTrade Vs TradePlusOnline: Which one is better?

The brokerage of MyValueTrade Max Rs 10 per trade while the brokerage of TradePlusOnline Max Max Rs 9 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 3.5 out of 5.

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

  MyValueTrade Compare
MyValueTrade
TradePlusOnline Compare
TradePlusOnline
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, MCX
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. TradePlus with unique offerings like an investment in direct mutual funds, NRI services along with investment in equity, commodity and currency at a flat monthly brokerage, free equity investment and 3T guiding Principles - Transparency, Technology, ...Know more about TradePlusOnline
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 TradePlusOnline. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare MyValueTrade vs TradePlusOnline on Trading & Demat Account Opening Charges

In this section we have compared MyValueTrade with TradePlusOnline on trading & demat account opening charges and AMC. Trading account opening charges - MyValueTrade charges Rs 555 for account opening where TradePlusOnline charges Rs 200 for account opeing. Demat AMC charges - MyValueTrade charges Rs 400 PA (Waived for 1st year) AMC for Demat account where TradePlusOnline charges Rs 200 (First Year Free) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare MyValueTrade with TradePlusOnline
Charges MyValueTrade TradePlusOnline
Trading Account Opening Fees Rs 555 Rs 200
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA (Waived for 1st year) Rs 200 (First Year Free)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare MyValueTrade vs TradePlusOnline on Plan Options

Plans are the most important feature you look when compare MyValueTrade with TradePlusOnline. 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 TradePlusOnline on Plan Options
Plan Types MyValueTrade TradePlusOnline
Multiple Plans Yes Yes
Monthly Plans Yes Yes
Yearly Plans Yes No
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Account Opening Request

Account Opening

  MyValueTrade TradePlusOnline
Account Opening Request
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Brokerage Charges

Compare MyValueTrade vs TradePlusOnline 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.

TradePlusOnline Brokerage Plan detail - TradePlus Flat Fee Plan Max Rs 9 Per Trade. This is the lowest brokerage plan offered by a discount broker. You will pay Max Rs 9 for trading in Equity Intraday, Derivatives, Currency and Commodity Trading. Equity Delivery trading is FREE.

Brokerage Charges - Compare MyValueTrade with TradePlusOnline
Brokerage Charges Compare MyValueTrade TradePlusOnline
Plan Name Flat Fee Rs 10 Trading Plan Flat Fee Plan
Equity Delivery Flat Fee Rs 10 Free
Equity Intraday Flat Fee Rs 10 0.01% or Rs 9 whichever is lower
Equity Futures Flat Fee 10 Rs Flat Fee Rs 9
Equity Options Flat Fee Rs 10 Flat Fee Rs 9
Currency Futures Flat Fee 10 Rs Flat Fee Rs 9
Currency Options Flat Fee Rs 10 Flat Fee Rs 9
Commodity Trading Flat Fee 10 Rs Flat Fee Rs 9
Minimum Brokerage Rs 10 or .01% whichever is lower NIL
Hidden Charges Info Not Available No
Funding Info Not Available Yes - 24% interest PA
Call & Trade Charges Info Not Available Rs 75 Per Day Per segment or Rs 1000 for unlimited call n Trade
Brokerage Calculator Brokerage Calculator for MyValueTrade Brokerage Calculator for TradePlusOnline
SPAN Margin Calculator SPAN Margin Calculator for MyValueTrade SPAN Margin Calculator for TradePlusOnline
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Share Broker's Transaction Charges

Compare MyValueTrade vs TradePlusOnline on Transaction Charges

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

Transaction Charges - Compare MyValueTrade with TradePlusOnline
Transaction Charges Compare MyValueTrade TradePlusOnline
Equity Delivery Rs 325 Per Cr Rs 330 Per Cr
Equity Intraday Rs 325 Per Cr Rs 330 Per Cr
Equity Futures Rs 300 Per Cr Rs 350 Per Cr
Equity Options Rs 6000 Per Cr Rs 7500 Per Cr
Currency Futures Rs 120 Per Cr Rs 165 Per Cr
Currency Options Rs 4200 Per Cr Rs 6000 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for my-value-trade Complete Brokerage Plans for tradeplus
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Account Features

Compare MyValueTrade vs TradePlusOnline on Account Features

Compare MyValueTrade with TradePlusOnline 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 - TradePlusOnline offers NRI where MyValueTrade doesn't offers NRI Trading.

Account Features - MyValueTrade with TradePlusOnline
Account Features Compare MyValueTrade TradePlusOnline
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 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 Charting & Tech Tools -YES - INFINI POWER - MCX and Equities
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Trading Platform

Compare MyValueTrade vs TradePlusOnline on Trading Platform

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

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Broker Ratings by Users

Compare MyValueTrade vs TradePlusOnline on User Rating

  MyValueTrade TradePlusOnline
  10 Customer Reviews    Rate MyValueTrade 26 Customer Reviews    Rate TradePlusOnline
Fees Ratings 3.7 4.3
Trading Brokerage Rating 4.0 4.8
Trading Platform Usability 3.4 3.9
Customer Service Ratings 3.4 3.9
Overall Ratings Rated 3.4 stars Rated 4.1 stars
Broker Rating MyValueTrade is Rated 3.4 / 5 based on 10 customer reviews TradePlusOnline is Rated 4.1 / 5 based on 26 customer reviews
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Investment Offerings

Compare MyValueTrade vs TradePlusOnline on Investment Offerings

Compare MyValueTrade with TradePlusOnline 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 - TradePlusOnline 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 TradePlusOnline
Investment Offerings Compare MyValueTrade TradePlusOnline
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 Yes
ETF Yes Yes
Banking No No
Insurance No Yes
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 TradePlusOnline on Order Types

Order Type - Compare MyValueTrade with TradePlusOnline 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) - TradePlusOnline 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) - TradePlusOnline 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 facility. The orders are send to exchange on the next trading day. GTC Orders- TradePlusOnline offers Good Till Cancelled (GTC) orders where MyValueTrade doesn't support Good Till Cancelled (GTC) orders.

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

Compare MyValueTrade vs TradePlusOnline on Margin/Leverage

Comapre MyValueTrade with TradePlusOnline 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 TradePlusOnline
Margin Product Compare MyValueTrade TradePlusOnline
Equity Delivery Margin MyValueTrade vs TradePlusOnline - Equity Delivery Margin Info Not Available Up to 4x leverage on Equity Delivery with Margin Funding.
Equity Intraday Margin MyValueTrade vs TradePlusOnline - Equity Intraday Margin Info Not Available Up to 10x leverage for equity.
Futures Margin MyValueTrade vs TradePlusOnline - Futures Margin Info Not Available Up to 2x leverage for equity futures intraday.
Options Margin MyValueTrade vs TradePlusOnline - Options Margin Info Not Available Up to 2x for Options Selling and no leverage on Options Buying.
Equity CO Margin MyValueTrade vs TradePlusOnline - Equity CO Margin Info Not Available Up to 40x leverage for equity CO.
Futures CO Margin MyValueTrade vs TradePlusOnline - Futures CO Margin Info Not Available Up to 3.5x leverage on equity futures CO.
Options CO Margin MyValueTrade vs TradePlusOnline - Options CO Margin Info Not Available Info Not Available
Commodity Margin MyValueTrade vs TradePlusOnline - Commodity Margin Info Not Available Up to 5x leverage on commodity futures.
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Customer Service Offered

Compare MyValueTrade vs TradePlusOnline on Customer Service

Compare MyValueTrade with TradePlusOnline 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 TradePlusOnline
Customer Service Compare MyValueTrade TradePlusOnline
24/7 Customer Service MyValueTrade vs TradePlusOnline - 24x7 customer support No No
Email Support MyValueTrade vs TradePlusOnline - Email Support Yes Yes
Onine Live Chat MyValueTrade vs TradePlusOnline - Onine Live Chat Yes Yes
Phone Support MyValueTrade vs TradePlusOnline - Phone Support Yes Yes
Toll Free Number MyValueTrade vs TradePlusOnline - Toll Free Number No No
Through Branches MyValueTrade vs TradePlusOnline - Through Branches No No
Customer Care Number MyValueTrade vs TradePlusOnline - Customer Care Number Info Not Available 044-49427576 / 044-28214171
Account Opening Process MyValueTrade vs TradePlusOnline - Account Opening Process Info Not Available Online/Paperless
Customer Support Email MyValueTrade vs TradePlusOnline - Customer Support Email Info Not Available [email protected]
Knowledge Center/Education MyValueTrade vs TradePlusOnline - Knowledge Center/Education Info Not Available http://support.tradeplusonline.com/support/solutions
Head Office Address MyValueTrade vs TradePlusOnline - Head Office Address/Corporate Address Info Not Available Tradeplus Online,
Ganga Griha 4th & 5 th Floor,
No.9 (old No. 6D)
Nungambakkam High Road
Nungambakkam
Chennai - 600 034
Website MyValueTrade vs TradePlusOnline - Company Website Info Not Available https://tradeplusonline.com
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Tips/Research/Reports Published

Compare MyValueTrade vs TradePlusOnline on Research Reports, Tips

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

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

Compare MyValueTrade vs TradePlusOnline on Demat Account

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

Demat Charges - Compare MyValueTrade with TradePlusOnline
  MyValueTrade TradePlusOnline
DP Source NSDL NSDL
DP ID MyValueTrade vs TradePlusOnline - DP ID No 86500
Demat Account Annual Maintenance Charges(AMC) ₹300 pa (Second year onwards) ₹900 for Ten Years
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 0.02% of transaction value (Min ₹15 and Max ₹200)
Demat ₹3 per certificate + ₹20 per DFR ₹50 up to five certificate (₹5 per additional certificate) ( Min ₹50)
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹50 request charges
Pledge Creation ₹50 per transaction ₹15 per transaction
Pledge Creation Confirmation Nil 0.02% of the value (Min ₹50)
Pledge Closure ₹25 per transaction 0.02% of the value (Min ₹50)
Pledge Closure Confirmation Nil 0.02% of the value (Min ₹50)
Pledge Invocation ₹25 per transaction 0.02% of the value (Min ₹50)
Failed Instruction Charges ₹20 ₹15
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare MyValueTrade vs TradePlusOnline on Special Offers and Promotion

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

Compare MyValueTrade vs TradePlusOnline on Special Offers and Promotion
  MyValueTrade TradePlusOnline
Pay In and Pay Out Options MyValueTrade vs TradePlusOnline - 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 TradePlusOnline Mobile, INFINI Desktop and INFINI Web application.Cheque payments Rs 15 per cheque.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time MyValueTrade vs TradePlusOnline - Payout Time Info Not Available Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges MyValueTrade vs TradePlusOnline - Bank Supported and Charges Info Not Available Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from TradePlusOnline trading platforms.
Bank Detail Info Not Available NAVIA MARKETS LIMITED,
Account Number:ZNACOMTPXXXXXXXX
Bank and Branch: INDUSIND BANK LIMITED, NUNGAMBAKKAM, CHENNAI
Account Type: Current Account
IFSC Code: INDB0000007
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...

  • The lowest refundable unlimited trading plans @ Rs 99 per month by category - Equity Option, Currency & Commodity.
  • Specially designed Mutual Fund Investment Platform INFINI MF mobile app for Direct Mutual Fund Investment.
  • Free delivery Trading.
  • Margin Trade Funding available.
  • Intraday margin up to 65 times through CO and BO.
  • NRI Trading services.
  • eKYC facility and Instant Aadhar linked eKYC and online Account opening.
  • Investment option for IPOs, Bonds and Government Securities.
  • CO/BO Margin for commodity futures offered by broker.
  • Tradeplus Relationship Managers Service through Smart Trade Desk (STD).
  • Tradeplus Alert Management System (AMS).

Detail Review...

Dislikes

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

Detail Review...

  • Call n Trade charges are very high.
  • SMS charges with monthly p
  • INFINI – Trading platform is not free.

Detail Review...

Special Offers/Promo Free Trading account opening for our visitors.
Enquiry Enquire about MyValueTrade Enquire about TradePlusOnline

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







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