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MyValueTrade Vs Upstox: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of MyValueTrade Max Rs 10 per trade while the brokerage of Upstox Max Rs 20 per trade. Both the brokers are Discount Brokers. MyValueTrade is having overall lower rating compare to Upstox. MyValueTrade is rated only 3.5 out of 5 where Upstox is rated 4.5 out of 5. Number of active customer for Upstox is 24,01,555 where number of active customer for MyValueTrade is . Upstox is serving more customer compare to MyValueTrade.

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

  MyValueTrade Compare
MyValueTrade
Upstox Compare
Upstox
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? NSE, BSE, MCX NSE, BSE, MCX
Active Clients 24,01,555
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. Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India.
Broker Enquiry Request call back from Zerodha Request call back from Upstox
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Account Opening Charges and AMC

Compare MyValueTrade vs Upstox on Trading & Demat Account Opening Charges

Comparison of MyValueTrade with Upstox on trading & demat account opening charges and AMC. Trading account opening charges - MyValueTrade charges Rs 555 for account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Upstox offer Free AMC for Demat account where MyValueTrade charges Rs 400 PA (Waived for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare MyValueTrade with Upstox
Charges MyValueTrade Upstox
Trading Account Opening Fees Rs 555 Promotion offer: Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA (Waived for 1st year) Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare MyValueTrade vs Upstox on Plan Options

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

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

Account Opening

  Zerodha Upstox
Account Opening Request
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Brokerage Charges

Compare MyValueTrade vs Upstox 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.

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.

Brokerage Charges - Compare MyValueTrade with Upstox
Brokerage Charges Compare MyValueTrade Upstox
Plan Name Flat Fee Rs 10 Trading Plan Max Rs 20 Per Order Trading Plan
Equity Delivery Flat Fee Rs 10 2.5% or Rs 20 whichever is lower
Equity Intraday Flat Fee Rs 10 0.05% or Rs 20 whichever is lower
Equity Futures Flat Fee 10 Rs 0.05% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 10 Flat Fee Rs 20
Currency Futures Flat Fee 10 Rs 0.05% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 10 Flat Fee Rs 20
Commodity Trading Flat Fee 10 Rs Flat Fee Rs 20
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 NA Rs 50 + 18% GST
Auto Square off Charges NA Rs 50 + 18% GST
Brokerage Calculator Brokerage Calculator for MyValueTrade Brokerage Calculator for Upstox
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Share Broker's Transaction Charges

Compare MyValueTrade vs Upstox on Transaction Charges

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

Transaction Charges - Compare MyValueTrade with Upstox
Transaction Charges Compare MyValueTrade Upstox
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 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 upstox
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Account Features

Compare MyValueTrade vs Upstox on Account Features

Compare MyValueTrade with Upstox on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 account where MyValueTrade offers only 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - MyValueTrade with Upstox
Account Features Compare MyValueTrade Upstox
3 in 1 Account No MyValueTrade have 2-in-1 account. Only Demate and Trading account. Yes, MyValueTrade have 3-in-1 accounts. Bank Account, Demat 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 Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading No No
Other Features NIL NIL
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Trading Platform

Compare MyValueTrade vs Upstox on Trading Platform

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

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Broker Ratings by Users

Compare MyValueTrade vs Upstox on User Rating

  MyValueTrade Upstox
  10 Customer Reviews    Rate MyValueTrade 12 Customer Reviews    Rate Upstox
Fees Ratings 3.7 3.5
Trading Brokerage Rating 4.0 3.8
Trading Platform Usability 3.4 3.7
Customer Service Ratings 3.4 3.5
Overall Ratings 3.4 3.7
Broker Rating MyValueTrade is Rated 3.4 / 5 based on 10 customer reviews Upstox is Rated 3.7 / 5 based on 12 customer reviews
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Investment Offerings

Compare MyValueTrade vs Upstox on Investment Offerings

Compare MyValueTrade with Upstox 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 - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Upstox 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 Upstox
Investment Offerings Compare MyValueTrade Upstox
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 No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment No Yes
Equity SIP Investment No Yes
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare MyValueTrade vs Upstox on Order Types

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

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

Compare MyValueTrade vs Upstox on Customer Service

Compare MyValueTrade with Upstox 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 MyValueTrade with Upstox
Customer Service Compare MyValueTrade Upstox
24/7 Customer Service MyValueTrade vs Upstox - 24x7 customer support No No
Email Support MyValueTrade vs Upstox - Email Support Yes Yes
Onine Live Chat MyValueTrade vs Upstox - Onine Live Chat Yes Yes
Phone Support MyValueTrade vs Upstox - Phone Support Yes Yes
Toll Free Number MyValueTrade vs Upstox - Toll Free Number No No
Through Branches MyValueTrade vs Upstox - Through Branches No Yes
Customer Care Number MyValueTrade vs Upstox - Customer Care Number Info Not Available +91 22 6130 9999
Account Opening Process MyValueTrade vs Upstox - Account Opening Process Info Not Available Online/Paperless
Customer Support Email MyValueTrade vs Upstox - Customer Support Email Info Not Available [email protected]
Knowledge Center/Education MyValueTrade vs Upstox - Knowledge Center/Education Info Not Available https://upstox.com/help-center/
Head Office Address MyValueTrade vs Upstox - Head Office Address/Corporate Address Info Not Available Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Website MyValueTrade vs Upstox - Company Website Info Not Available https://upstox.com/
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Tips/Research/Reports Published

Compare MyValueTrade vs Upstox on Research Reports, Tips

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

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

Compare MyValueTrade vs Upstox on Demat Account

Compare MyValueTrade with Upstox 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 Upstox is ₹300 PA where for MyValueTrade is ₹300 pa (Second year onwards).

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 MyValueTrade is ₹15 where for Upstox is ₹13 + ₹5.50 CDSL charges.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 MyValueTrade with Upstox
  MyValueTrade Upstox
DP Source NSDL CDSL
DP ID MyValueTrade vs Upstox - DP ID No 81800
Demat Account Annual Maintenance Charges(AMC) ₹300 pa (Second year onwards) ₹300 PA
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 ₹13 + ₹5.50 CDSL charges
Demat ₹3 per certificate + ₹20 per DFR ₹20 + ₹50 courier charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) ₹100 for every hundred securities or ₹25 per certificate (whichever is higher)
Pledge Creation ₹50 per transaction 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Creation Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure ₹25 per transaction 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Invocation ₹25 per transaction 0.05% of the transaction value (Min ₹50)
Failed Instruction Charges ₹20 ₹50
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare MyValueTrade vs Upstox on Special Offers and Promotion

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

Compare MyValueTrade vs Upstox on Special Offers and Promotion
  MyValueTrade Upstox
Pay In and Pay Out Options MyValueTrade vs Upstox - Pay In and Pay Out Options Info Not Available pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-out/Fund Withdrawal - Bank Transfer only
Payout Time MyValueTrade vs Upstox - Payout Time Info Not Available Max 24 hrs except bank holidays
Bank Supported and Charges MyValueTrade vs Upstox - Bank Supported and Charges Info Not Available Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service.
Bank Detail Info Not Available HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Likes

Detail Review...

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

Detail Review...

Dislikes

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

Detail Review...

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

Detail Review...

Special Offers/Promo Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquiry Open Zerodha Account Now>> Open Upstox Account Now>>

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