Compare 3 Brokers

RKSV Vs MyValueTrade: Which one is better?

The brokerage of RKSV Max Rs 20 per trade while the brokerage of MyValueTrade Max Rs 10 per trade. Both the brokers are Discount Brokers. RKSV is having overall higher rating compare to MyValueTrade. RKSV is rated 4 out of 5 where MyValueTrade is rated only 3.5 out of 5.

Here we present side-by-side comparison of RKSV vs MyValueTrade share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared RKSV vs MyValueTrade'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 RKSV vs MyValueTrade on Service

  RKSV Compare
RKSV
MyValueTrade Compare
MyValueTrade
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 From innovative tools to free trade opportunity to education and prioritizing customer service , Upstox provides clients everything they need and more to succeed. 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.
Broker Enquiry Open an Online Trading Account with RKSV. Leave your contact info and we will get in touch with you. Open an Online Trading Account with MyValueTrade. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare RKSV vs MyValueTrade on Trading & Demat Account Opening Charges

In this section we have compared RKSV with MyValueTrade on trading & demat account opening charges and AMC. Trading account opening charges - RKSV charges Rs 150 Equity/ Rs 150 Commodity for account opening where MyValueTrade charges Rs 555 for account opeing. Demat AMC charges - RKSV charges Rs 150 PA (Waived for 1st year) AMC for Demat account where MyValueTrade charges Rs 400 PA (Waived for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare RKSV with MyValueTrade
Charges RKSV MyValueTrade
Trading Account Opening Fees Rs 150 Equity/ Rs 150 Commodity Rs 555
Trading AMC Free Free
Demat Account Opening Fees Rs 150 Free
Demat AMC Rs 150 PA (Waived for 1st year) Rs 400 PA (Waived for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare RKSV vs MyValueTrade on Plan Options

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

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

Account Opening

  RKSV MyValueTrade
Account Opening Request
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Brokerage Charges

Compare RKSV vs MyValueTrade on Brokerage Charges

RKSV Brokerage Plan detail - Equity Delivery Free and Rs 20 Per executable order for others

MyValueTrade Brokerage Plan detail - This is 10 Rs per executed order plan by MVT, which is half the price Zerodha and RKSV proposing.

Brokerage Charges - Compare RKSV with MyValueTrade
Brokerage Charges Compare RKSV MyValueTrade
Plan Name Max Rs 20 Per Order Plan Flat Fee Rs 10 Trading Plan
Equity Delivery Free Flat Fee Rs 10
Equity Intraday 0.01% or Rs 20 whichever is lower Flat Fee Rs 10
Equity Futures Flat Fee Rs 20 Flat Fee 10 Rs
Equity Options Flat Fee Rs 20 Flat Fee Rs 10
Currency Futures Flat Fee Rs 20 Flat Fee 10 Rs
Currency Options Flat Fee Rs 20 Flat Fee Rs 10
Commodity Trading Flat Fee Rs 20 Flat Fee 10 Rs
Minimum Brokerage Rs 0 Rs 10 or .01% whichever is lower
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Info Not Available Info Not Available
Brokerage Calculator Brokerage Calculator for RKSV Brokerage Calculator for MyValueTrade
SPAN Margin Calculator SPAN Margin Calculator for RKSV SPAN Margin Calculator for MyValueTrade
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Share Broker's Transaction Charges

Compare RKSV vs MyValueTrade on Transaction Charges

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

Transaction Charges - Compare RKSV with MyValueTrade
Transaction Charges Compare RKSV MyValueTrade
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 210 Per Cr Rs 300 Per Cr
Equity Options Rs 5500 Per Cr Rs 6000 Per Cr
Currency Futures Rs 150 Per Cr Rs 120 Per Cr
Currency Options Rs 6000 Per Cr Rs 4200 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 rksv Complete Brokerage Plans for my-value-trade
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Account Features

Compare RKSV vs MyValueTrade on Account Features

Compare RKSV with MyValueTrade 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 RKSV doesn't offers margin funding. NRI Trading - RKSV offers NRI where MyValueTrade doesn't offers NRI Trading.

Account Features - RKSV with MyValueTrade
Account Features Compare RKSV MyValueTrade
3 in 1 Account No RKSV have 2-in-1 account. Only Demate and Trading account. No RKSV 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 Yes No
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare RKSV vs MyValueTrade on Trading Platform

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

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Broker Ratings by Users

Compare RKSV vs MyValueTrade on User Rating

  RKSV MyValueTrade
  46 Customer Reviews    Rate RKSV 9 Customer Reviews    Rate MyValueTrade
Fees Ratings 4.3 3.7
Trading Brokerage Rating 4.6 4.0
Trading Platform Usability 3.9 3.2
Customer Service Ratings 4.3 3.2
Overall Ratings Rated 4.4 stars Rated 3.2 stars
Broker Rating RKSV is Rated 4.4 / 5 based on 46 customer reviews MyValueTrade is Rated 3.2 / 5 based on 9 customer reviews
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Investment Offerings

Compare RKSV vs MyValueTrade on Investment Offerings

Compare RKSV with MyValueTrade 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 - RKSV 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 RKSV with MyValueTrade
Investment Offerings Compare RKSV MyValueTrade
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No No
Mutual Funds Yes 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 RKSV vs MyValueTrade on Order Types

Order Type - Compare RKSV with MyValueTrade 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) - both brokers don't have Cover Orders (CO).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)- 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 RKSV with MyValueTrade
Order Type Compare RKSV MyValueTrade
CNC Ordre Yes Yes
MIS Ordre Yes Yes
NRML Ordre Yes Yes
Cover Ordre No No
Bracket Ordre No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No No
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Margin/Leverage

Compare RKSV vs MyValueTrade on Margin/Leverage

Comapre RKSV with MyValueTrade 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 RKSV with MyValueTrade
Margin Product Compare RKSV MyValueTrade
Equity Delivery Margin RKSV vs MyValueTrade - Equity Delivery Margin Info Not Available Info Not Available
Equity Intraday Margin RKSV vs MyValueTrade - Equity Intraday Margin Info Not Available Info Not Available
Futures Margin RKSV vs MyValueTrade - Futures Margin Info Not Available Info Not Available
Options Margin RKSV vs MyValueTrade - Options Margin Info Not Available Info Not Available
Equity CO Margin RKSV vs MyValueTrade - Equity CO Margin Info Not Available Info Not Available
Futures CO Margin RKSV vs MyValueTrade - Futures CO Margin Info Not Available Info Not Available
Options CO Margin RKSV vs MyValueTrade - Options CO Margin Info Not Available Info Not Available
Commodity Margin RKSV vs MyValueTrade - Commodity Margin Info Not Available Info Not Available
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Customer Service Offered

Compare RKSV vs MyValueTrade on Customer Service

Compare RKSV with MyValueTrade 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 RKSV with MyValueTrade
Customer Service Compare RKSV MyValueTrade
24/7 Customer Service RKSV vs MyValueTrade - 24x7 customer support No No
Email Support RKSV vs MyValueTrade - Email Support Yes Yes
Onine Live Chat RKSV vs MyValueTrade - Onine Live Chat No Yes
Phone Support RKSV vs MyValueTrade - Phone Support Yes Yes
Toll Free Number RKSV vs MyValueTrade - Toll Free Number No No
Through Branches RKSV vs MyValueTrade - Through Branches Yes No
Customer Care Number RKSV vs MyValueTrade - Customer Care Number Info Not Available Info Not Available
Account Opening Process RKSV vs MyValueTrade - Account Opening Process Info Not Available Info Not Available
Customer Support Email RKSV vs MyValueTrade - Customer Support Email Info Not Available Info Not Available
Knowledge Center/Education RKSV vs MyValueTrade - Knowledge Center/Education Info Not Available Info Not Available
Head Office Address RKSV vs MyValueTrade - Head Office Address/Corporate Address Info Not Available Info Not Available
Website RKSV vs MyValueTrade - Company Website Info Not Available Info Not Available
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Tips/Research/Reports Published

Compare RKSV vs MyValueTrade on Research Reports, Tips

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

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

Compare RKSV vs MyValueTrade on Demat Account

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

Demat Charges - Compare RKSV with MyValueTrade
  RKSV MyValueTrade
DP Source CDSL NSDL
DP ID RKSV vs MyValueTrade - DP ID No No
Demat Account Annual Maintenance Charges(AMC) Rs. 300/- per annum. NIL
Advance Deposit NIL 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
Statutory charges NIL Nil
Transaction Charges on Debit (Per ISIN) Rs.8/- plus Rs.5.50/- (CDSL charges) per scrip. Rs. 12/- for each debit instruction
Demat Rs 2.00 per certificate plus courier charges of Rs. 35/- per demat request for every 500 gms. Rs. 20/- per DRF plus Rs. 3/- per certificate
Remat Rs. 25/- per certificate or 0.05% of the value whichever is higher. Rs. 20/- per every 100 securities or part thereof; or a flat fee of Rs. 20/- per certificate which ever is higher is payable
Pledge Creation 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual. Rs. 50/-
Pledge Creation Confirmation 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual. Nil
Pledge Closure 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual. Rs. 25/-
Pledge Closure Confirmation 0.02% of the transaction charges subject to a minimum of Rs. 50/- plus NSDL / CDSL charges at actual. Nil
Pledge Invocation 0.05% of the transaction charges subject to a minimum of Rs. 50/- Rs. 25/-
Failed Instruction Charges Rs. 50/- per transaction. Rs. 20/- per intimation per instruction
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 RKSV vs MyValueTrade on Special Offers and Promotion

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

Compare RKSV vs MyValueTrade on Special Offers and Promotion
  RKSV MyValueTrade
Pay In and Pay Out Options RKSV vs MyValueTrade - Pay In and Pay Out Options Info Not Available Info Not Available
Payout Time RKSV vs MyValueTrade - Payout Time Info Not Available Info Not Available
Bank Supported and Charges RKSV vs MyValueTrade - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Info Not Available
Likes
  • Low cost brokerage structure.
  • Robust trading platforms especially mobile trading app for android and iOS users.
  • After Market Order (AMO), Cover Order and BO are available on both web and mobile.
  • Innovative tools like brokerage calculator, options builder tool and RKSV Span Margin Calculator.

Detail Review...

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...

Dislikes
  • Doesn't provide tips and recommendations.
  • Operating through only one branch in India.
  • Margin funding and margin against shares is not available.

Detail Review...

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

Detail Review...

Special Offers/Promo

Special offers:

Zero Account Opening Fee.Get the offer.
Enquiry Enquire about RKSV Enquire about MyValueTrade

Last Updated on 2019-06-27T00:43:21+00:00







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