Compare 3 Brokers

MyValueTrade Vs Upstox: Which one is better?

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.

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.

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? BSE, NSE, MCX BSE, NSE, 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. From innovative tools to free trade opportunity to education and prioritizing customer service, Upstox, the cheapest stock broker provides clients everything they need and more to succeed in Indian share market.
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 Upstox. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare MyValueTrade vs Upstox on Trading & Demat Account Opening Charges

In this section we have compared 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 Rs 150 Equity/ Rs 150 Commodity for account opeing. Demat AMC charges - MyValueTrade charges Rs 400 PA (Waived for 1st year) AMC for Demat account where Upstox charges Rs 150 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 Rs 150 Equity/ Rs 150 Commodity
Trading AMC Free Free
Demat Account Opening Fees Free Rs 150
Demat AMC Rs 400 PA (Waived for 1st year) Rs 150 PA (Waived for 1st year)
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 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 - MyValueTrade provide Monthly Plans where Upstox doesn't offer

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

Account Opening

  MyValueTrade 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 - Equity Delivery Free and Rs 20 Per executable order for others

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 Free
Equity Intraday Flat Fee Rs 10 0.01% or Rs 20 whichever is lower
Equity Futures Flat Fee 10 Rs Flat Fee Rs 20
Equity Options Flat Fee Rs 10 Flat Fee Rs 20
Currency Futures Flat Fee 10 Rs Flat Fee Rs 20
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 Info Not Available Rs 20 Per Executable Order
Brokerage Calculator Brokerage Calculator for MyValueTrade Brokerage Calculator for Upstox
SPAN Margin Calculator SPAN Margin Calculator for MyValueTrade SPAN Margin 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 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 210 Per Cr
Equity Options Rs 6000 Per Cr Rs 5500 Per Cr
Currency Futures Rs 120 Per Cr Rs 150 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 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 - 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 Upstox doesn't offers margin funding. NRI Trading - Upstox offers NRI where MyValueTrade doesn't offers NRI Trading.

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. 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 No
Combined Ledger for Equity and Commodity Yes Yes
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 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 link 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 DartStock/Nest Trader/Fox 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://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
  9 Customer Reviews    Rate MyValueTrade 8 Customer Reviews    Rate Upstox
Fees Ratings 3.7 3.3
Trading Brokerage Rating 4.0 3.8
Trading Platform Usability 3.2 3.3
Customer Service Ratings 3.2 3.1
Overall Ratings Rated 3.2 stars Rated 3.3 stars
Broker Rating MyValueTrade is Rated 3.2 / 5 based on 9 customer reviews Upstox is Rated 3.3 / 5 based on 8 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 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 - 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 No
Mutual Funds No Yes
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 Upstox on Order Types

Order Type - Compare MyValueTrade with Upstox 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) - 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 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 Types - Compare MyValueTrade with Upstox
Order Type Compare MyValueTrade Upstox
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 No
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Margin/Leverage

Compare MyValueTrade vs Upstox on Margin/Leverage

Comapre MyValueTrade with Upstox 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 Upstox
Margin Product Compare MyValueTrade Upstox
Equity Delivery Margin MyValueTrade vs Upstox - Equity Delivery Margin Info Not Available No Margin/Leverage for Equity Delivery.
Equity Intraday Margin MyValueTrade vs Upstox - Equity Intraday Margin Info Not Available Up to 15x for Equity Intraday in Base Plan, Up to 20x on Priority Plan.
Futures Margin MyValueTrade vs Upstox - Futures Margin Info Not Available Up to 4x for Index/Stock future (of NRML Margin), Priority Plan - up to 5x for Index and 4x for Stocks.
Options Margin MyValueTrade vs Upstox - Options Margin Info Not Available Up to 4x (of NRML Margin) for Index/Stock Options Sell, Priority Plan - up to 5x for Index and 4x for Stock Options.No leverage on Options Buying.
Equity CO Margin MyValueTrade vs Upstox - Equity CO Margin Info Not Available Up to 20x for NSE/BSE Cash in Base Plan, Up to 25x on Priority Plan.
Futures CO Margin MyValueTrade vs Upstox - Futures CO Margin Info Not Available Up to 4x for Index/Stock (of NRML Margin) future, Priority Plan - up to 7x for Index and 6x for Stocks.
Options CO Margin MyValueTrade vs Upstox - Options CO Margin Info Not Available Up to 4x (of NRML Margin) for Index/Stock Options Sell, Priority Plan(PP) - up to 5x for Index and 4x for Stock Options, No leverage on Options Buying.
Commodity Margin MyValueTrade vs Upstox - Commodity Margin Info Not Available Up to 2.5x MIS Margin of SPAN, 3x for Priority Pack, Complete SPAN is required for carry forward positions.
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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 compare type of service offered by each broker for quick resoluation for queries/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 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. This section cover 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) NIL Rs. 300/- per annum.
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 Rs.8/- plus Rs.5.50/- (CDSL charges) per scrip.
Demat Rs. 20/- per DRF plus Rs. 3/- per certificate Rs 2.00 per certificate plus courier charges of Rs. 35/- per demat request for every 500 gms.
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. 25/- per certificate or 0.05% of the value whichever is higher.
Pledge Creation Rs. 50/- 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual.
Pledge Creation Confirmation Nil 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual.
Pledge Closure Rs. 25/- 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual.
Pledge Closure Confirmation Nil 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual.
Pledge Invocation Rs. 25/- 0.05% of the transaction charges subject to a minimum of Rs. 50/-
Failed Instruction Charges Rs. 20/- per intimation per instruction Rs. 50/- per transaction.
Other Charges Demat Rejection Charges: Rs. 35/- per rejection for every 500 gms. Adhoc / Non periodic statement requests: Adhoc statement requests: - Rs. 25/- (Rs 500 for foreign address) per request upto 10 pages. Every additional 5 pages or a portion thereof will be charged at Rs. 10/- plus courier / postage charges. Cheque Bounce charges: Charges will be applied based on charges as determined by our bankers.

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Special Offers,Advantages,Disadvantages

Compare MyValueTrade vs Upstox on Special Offers and Promotion

Compare MyValueTrade with Upstox on general features, advantages, disadvantages, pay out 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

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...

  • Low cost brokerage structure.
  • Upstox branches available in Delhi, Mumbai, Pune and Ahmedabad.
  • After Market Order (AMO), Cover Order and BO are available on both web and mobile.

Detail Review...

Dislikes

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

Detail Review...

  • Upstox doesn't provide tips and recommendations.
  • Algo-trading facility is not available.
  • Margin funding and margin against shares is not available.
  • Doesn't provide facility to online invest in IPO via Upstox Trading website/app.

Detail Review...

Special Offers/Promo 100% refundable account opening fee as brokerage cashback, Zero charges for equity delivery trades, Flat Rs 20 for equity intraday, F&O, currency and commodities trades.
Enquiry Enquire about MyValueTrade Enquire about Upstox

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







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