Compare 3 Brokers

MyValueTrade Vs Reliance Securities: Which one is better?

The brokerage of MyValueTrade Max Rs 10 per trade while the brokerage of Reliance Securities ranges between 0.04 - 0.4%. MyValueTrade is a Discount Broker where Reliance Securities is a Full Service Broker. Overall rating for both the brokers are equal with rating 3.5 out of 5.

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

  MyValueTrade Compare
MyValueTrade
Reliance Securities Compare
Reliance Securities
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX BSE, NSE
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 best in class research to competitive Brokerage Plan to exclusive reward Program, Reliance Securities earns the position of India's one of the best leading retail broking houses.
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 Reliance Securities. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare MyValueTrade vs Reliance Securities on Trading & Demat Account Opening Charges

In this section we have compared MyValueTrade with Reliance Securities on trading & demat account opening charges and AMC. Trading account opening charges - MyValueTrade charges Rs 555 for account opening where Reliance Securities charges Rs 950 for account opeing. Demat AMC charges - MyValueTrade charges Rs 400 PA (Waived for 1st year) AMC for Demat account where Reliance Securities charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare MyValueTrade with Reliance Securities
Charges MyValueTrade Reliance Securities
Trading Account Opening Fees Rs 555 Rs 950
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA (Waived for 1st year) Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare MyValueTrade vs Reliance Securities on Plan Options

Plans are the most important feature you look when compare MyValueTrade with Reliance Securities. 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 Reliance Securities doesn't offer

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

Account Opening

  MyValueTrade Reliance Securities
Account Opening Request
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Brokerage Charges

Compare MyValueTrade vs Reliance Securities 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.

Reliance Securities Brokerage Plan detail - This is online plan from Reliance Security. Its fix brokerage plan where you dont need any dealer support.

Brokerage Charges - Compare MyValueTrade with Reliance Securities
Brokerage Charges Compare MyValueTrade Reliance Securities
Plan Name Flat Fee Rs 10 Trading Plan R-FIXED Online Trading Plan (Percentage Based)
Equity Delivery Flat Fee Rs 10 0.4% or 40 paisa
Equity Intraday Flat Fee Rs 10 0.04% or 4 paisa
Equity Futures Flat Fee 10 Rs 0.04% or 4 paisa
Equity Options Flat Fee Rs 10 Rs 100 Per Lot
Currency Futures Flat Fee 10 Rs 0.04% or 4 paisa
Currency Options Flat Fee Rs 10 Rs 100 Per Lot
Commodity Trading Flat Fee 10 Rs 0.04% or 4 paisa
Minimum Brokerage Rs 10 or .01% whichever is lower 5 paise per share
Hidden Charges Info Not Available No
Funding Info Not Available Yes - 18% interest PA
Call & Trade Charges Info Not Available Free First 20 call PM and Rs 20 their onwards.
Brokerage Calculator Brokerage Calculator for MyValueTrade Brokerage Calculator for Reliance Securities
SPAN Margin Calculator SPAN Margin Calculator for MyValueTrade SPAN Margin Calculator for Reliance Securities
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Share Broker's Transaction Charges

Compare MyValueTrade vs Reliance Securities on Transaction Charges

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

Transaction Charges - Compare MyValueTrade with Reliance Securities
Transaction Charges Compare MyValueTrade Reliance Securities
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 reliance-securities
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Account Features

Compare MyValueTrade vs Reliance Securities on Account Features

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

Account Features - MyValueTrade with Reliance Securities
Account Features Compare MyValueTrade Reliance Securities
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 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 Yes
Other Features NIL Mobile Application: Rmobile Xpress
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Trading Platform

Compare MyValueTrade vs Reliance Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w MyValueTrade and Reliance Securities. 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 Reliance Securities
Trading Platform Compare MyValueTrade Reliance Securities
Desktop Trading Platform MVT Trade InstaXpress
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/ http://tick.rsec.co.in/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App MVT Mobile TICK PRO
Mobile Trading App Demo Info Not Available TICK PRO Demo
Android Mobile App Yes Yes
Android App Download Andriod MVT Mobile Download Andriod TICK PRO Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS MVT Mobile Download iOS TICK PRO 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 Reliance Securities
Futures Brokerage Calculator Futures Brokerage Calculator for MyValueTrade Futures Brokerage Calculator for Reliance Securities
Options Brokerage Calculator Options Brokerage Calculator for MyValueTrade Options Brokerage Calculator for Reliance Securities
Detail Detail on Trading Platforms for my-value-trade Detail on Trading Platforms for reliance-securities

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Broker Ratings by Users

Compare MyValueTrade vs Reliance Securities on User Rating

  MyValueTrade Reliance Securities
  9 Customer Reviews    Rate MyValueTrade 52 Customer Reviews    Rate Reliance Securities
Fees Ratings 3.7 3.5
Trading Brokerage Rating 4.0 3.4
Trading Platform Usability 3.2 3.3
Customer Service Ratings 3.2 3.4
Overall Ratings Rated 3.2 stars Rated 3.4 stars
Broker Rating MyValueTrade is Rated 3.2 / 5 based on 9 customer reviews Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews
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Investment Offerings

Compare MyValueTrade vs Reliance Securities on Investment Offerings

Compare MyValueTrade with Reliance Securities 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 - Reliance Securities offers online mutual fund investment option where MyValueTrade doesn't offer. Portfolio Management Services (PMS) - Reliance Securities provides PMS Service where MyValueTrade doesn't offer

Investment Offerings - Compare MyValueTrade with Reliance Securities
Investment Offerings Compare MyValueTrade Reliance Securities
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 Yes
ETF Yes Yes
Banking No No
Insurance No Yes
Forex No No
MF SIP Investment No Yes
Equity SIP Investment No Yes
PMS Service No Yes
Other Investment Options NIL NIL
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Order Types

Compare MyValueTrade vs Reliance Securities on Order Types

Order Type - Compare MyValueTrade with Reliance Securities 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) - Reliance Securities 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) - Reliance Securities 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 Reliance Securities
Order Type Compare MyValueTrade Reliance Securities
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 Reliance Securities on Margin/Leverage

Comapre MyValueTrade with Reliance Securities 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 Reliance Securities
Margin Product Compare MyValueTrade Reliance Securities
Equity Delivery Margin MyValueTrade vs Reliance Securities - Equity Delivery Margin Info Not Available Upto 4x via Margin Funding.
Equity Intraday Margin MyValueTrade vs Reliance Securities - Equity Intraday Margin Info Not Available Upto 10x leverage for equity.
Futures Margin MyValueTrade vs Reliance Securities - Futures Margin Info Not Available Upto 2x leverage for futures.
Options Margin MyValueTrade vs Reliance Securities - Options Margin Info Not Available Upto 2x margin for Options shorting, No leverage for option buying.
Equity CO Margin MyValueTrade vs Reliance Securities - Equity CO Margin Info Not Available Upto 15x margin/leverage in CO order for selected equity scripts.
Futures CO Margin MyValueTrade vs Reliance Securities - Futures CO Margin Info Not Available Upto 15x margin/leverage in CO order for Futures contracts.
Options CO Margin MyValueTrade vs Reliance Securities - Options CO Margin Info Not Available Upto 15x margin/leverage in CO order for options Contracts Sell only.
Commodity Margin MyValueTrade vs Reliance Securities - Commodity Margin Info Not Available Complete SPAN is required.
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Customer Service Offered

Compare MyValueTrade vs Reliance Securities on Customer Service

Compare MyValueTrade with Reliance Securities 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 Reliance Securities
Customer Service Compare MyValueTrade Reliance Securities
24/7 Customer Service MyValueTrade vs Reliance Securities - 24x7 customer support No No
Email Support MyValueTrade vs Reliance Securities - Email Support Yes Yes
Onine Live Chat MyValueTrade vs Reliance Securities - Onine Live Chat Yes Yes
Phone Support MyValueTrade vs Reliance Securities - Phone Support Yes Yes
Toll Free Number MyValueTrade vs Reliance Securities - Toll Free Number No Yes
Through Branches MyValueTrade vs Reliance Securities - Through Branches No Yes
Customer Care Number MyValueTrade vs Reliance Securities - Customer Care Number Info Not Available 022 39886000
Account Opening Process MyValueTrade vs Reliance Securities - Account Opening Process Info Not Available Online/Paperless
Customer Support Email MyValueTrade vs Reliance Securities - Customer Support Email Info Not Available [email protected]
Knowledge Center/Education MyValueTrade vs Reliance Securities - Knowledge Center/Education Info Not Available https://www.5paisa.com/knowledge-centre
Head Office Address MyValueTrade vs Reliance Securities - Head Office Address/Corporate Address Info Not Available Reliance Securities Limited,
4th Floor, North Wing,
Reliance Centre, Santacruz East,
Mumbai-MH- 400055
Website MyValueTrade vs Reliance Securities - Company Website Info Not Available https://www.reliancesmartmoney.com
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Tips/Research/Reports Published

Compare MyValueTrade vs Reliance Securities on Research Reports, Tips

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

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

Compare MyValueTrade vs Reliance Securities on Demat Account

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

Demat Charges - Compare MyValueTrade with Reliance Securities
  MyValueTrade Reliance Securities
DP Source NSDL CDSL
DP ID MyValueTrade vs Reliance Securities - DP ID No 41400
Demat Account Annual Maintenance Charges(AMC) NIL AMC levied on monthly basis. BSDA-(Only for Individual having one demat account):-A)If Holding value at any date is not greater than Rs.50,000/- Nil charges B)If Holding value at any date between Rs. 50001/-toRs 200000/-Rs100.Regular Demat Account (non BSDA):A)For Individual /HUFs / Trust :-Accounts activated prior to Sep 01 2015-Rs. 300/- Accounts activated on or after Sep 01 2015-Rs.400/- B)For NRIs/Foreign Nationals:-Nil,C)For Corporate / Other Non Individuals:Rs 1000/,LifeTime Free AMC(NEW),For Individual/HUFs/Trust(refundable Deposit of Rs 2500/-)
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 For Instruction given in physical form:- Rs. 0.04% of Transaction value or minimum of Rs. 27/- per ISIN For Instruction received through Internet / online trading through Reliance Securities Ltd. Rs. 0.04% of Transaction value or minimum of Rs. 27/- per ISIN
Demat Rs. 20/- per DRF plus Rs. 3/- per certificate Rs. 30/- per request extra Rs. 5/- for each certificate
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.40/- for 100 securities or part thereof or a flat fee of Rs.25/- per certificate which ever is higher in addition to Regd. post charges, subject to minimum Rs.25/-.
Pledge Creation Rs. 50/- Rs. 0.05% of Transaction value or minimum of Rs. 30/- per ISIN
Pledge Creation Confirmation Nil Rs. 0.05% of Transaction value or minimum of Rs. 30/- per ISIN
Pledge Closure Rs. 25/- Rs. 0.05% of Transaction value or minimum of Rs. 30/- per ISIN
Pledge Closure Confirmation Nil Rs. 0.05% of Transaction value or minimum of Rs. 30/- per ISIN
Pledge Invocation Rs. 25/- Rs. 0.05% of Transaction value or minimum of Rs. 30/- per ISIN
Failed Instruction Charges Rs. 20/- per intimation per instruction Nil
Other Charges Additional Account Statements for Individuals/HUFs/ Corporate Rs. 40/- per Statement. For NRI / Foreign Nationals Rs. 100/- per statement. Additional physical account statement for NRI/Foreign Nationals having corresponding address outside India. Rs. 1000/- per statement. Physical Statement (for BSDA client) Rs.25/- per statement.

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Special Offers,Advantages,Disadvantages

Compare MyValueTrade vs Reliance Securities on Special Offers and Promotion

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

Compare MyValueTrade vs Reliance Securities on Special Offers and Promotion
  MyValueTrade Reliance Securities
Pay In and Pay Out Options MyValueTrade vs Reliance Securities - Pay In and Pay Out Options Info Not Available Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time MyValueTrade vs Reliance Securities - Payout Time Info Not Available Max 24 hrs except bank holidays
Bank Supported and Charges MyValueTrade vs Reliance Securities - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available RELIANCE SECURITIES LTD
Account No.:9500XXXXXXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
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...

  • Big margin and option to pay within t+5 days.
  • Dedicated research team.
  • Site wide quote bar.

Detail Review...

Dislikes

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

Detail Review...

  • Commodity trading not available.
  • Not a 3 in 1 account.
  • Average customer service.
  • Lots of hidden charges.

Detail Review...

Special Offers/Promo
Enquiry Enquire about MyValueTrade Enquire about Reliance Securities

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







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