Compare 3 Brokers

Sharekhan Vs MyValueTrade: Which one is better?

The brokerage of Sharekhan Max 0.1 to 0.5% per trade while the brokerage of MyValueTrade ranges between Rs 10. Sharekhan is a Full Service Broker where MyValueTrade is a Discount Broker. Sharekhan is having overall higher rating compare to MyValueTrade. Sharekhan is rated 4 out of 5 where MyValueTrade is rated only 3.5 out of 5.

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

  Sharekhan Compare
Sharekhan
MyValueTrade Compare
MyValueTrade
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX, NSEL BSE, NSE, MCX
Broker Overview Sharekhan not just allows you to trade in all the market segments but also offers finest services like investment options, share market news, research reports, stock quotes, fundamental and statistical info across equity, mutual funds, IPOs and much ... Know more about Sharekhan 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 Sharekhan. 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 Sharekhan vs MyValueTrade on Trading & Demat Account Opening Charges

In this section we have compared Sharekhan with MyValueTrade on trading & demat account opening charges and AMC. Trading account opening charges - Sharekhan offer Free account opening where MyValueTrade charges Rs 555 for account opeing. Demat AMC charges - Both brokers charges Rs 400 PA (Waived for 1st year) AMC for Demat Account.

Trading & Demat Account Opening Charges - Compare Sharekhan with MyValueTrade
Charges Sharekhan MyValueTrade
Trading Account Opening Fees Free Rs 555
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 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 Sharekhan vs MyValueTrade on Plan Options

Plans are the most important feature you look when compare Sharekhan with MyValueTrade. 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 provides Monthly Plans where Sharekhan doesn't offer

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

Account Opening

  Sharekhan MyValueTrade
Account Opening Request
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Brokerage Charges

Compare Sharekhan vs MyValueTrade on Brokerage Charges

Sharekhan Brokerage Plan detail - Sharekhna have % base brokerage plan. They have one of the best plan for in Currency future. Equity Intraday, Future & Option and commodities trading prices are on higher range and Equity Delivery trading is on average brokerage level with compare to other full service brokers. No Minimum brokerage.

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 Sharekhan with MyValueTrade
Brokerage Charges Compare Sharekhan MyValueTrade
Plan Name Classic Trading Plan (Percentage Based) Flat Fee Rs 10 Trading Plan
Equity Delivery 0.5% or 50 paisa Flat Fee Rs 10
Equity Intraday 0.1% or 10 paisa Flat Fee Rs 10
Equity Futures 0.1% or 10 paisa Flat Fee 10 Rs
Equity Options 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 10
Currency Futures 0.1% or 10 paisa Flat Fee 10 Rs
Currency Options 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 10
Commodity Trading 0.1% or 10 paisa Flat Fee 10 Rs
Minimum Brokerage Rs 20 Rs 10 or .01% whichever is lower
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges Free Info Not Available
Brokerage Calculator Brokerage Calculator for Sharekhan Brokerage Calculator for MyValueTrade
SPAN Margin Calculator SPAN Margin Calculator for Sharekhan SPAN Margin Calculator for MyValueTrade
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Share Broker's Transaction Charges

Compare Sharekhan vs MyValueTrade on Transaction Charges

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

Transaction Charges - Compare Sharekhan with MyValueTrade
Transaction Charges Compare Sharekhan MyValueTrade
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 300 Per Cr
Equity Options Rs 5000 Per Cr Rs 6000 Per Cr
Currency Futures Rs 100 Per Cr Rs 120 Per Cr
Currency Options Rs 4000 Per Cr Rs 4200 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for sharekhan Complete Brokerage Plans for my-value-trade
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Account Features

Compare Sharekhan vs MyValueTrade on Account Features

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

Account Features - Sharekhan with MyValueTrade
Account Features Compare Sharekhan MyValueTrade
3 in 1 Account No Sharekhan have 2-in-1 account. Only Demate and Trading account. No Sharekhan have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes 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 Sharekhan vs MyValueTrade on Trading Platform

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

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Broker Ratings by Users

Compare Sharekhan vs MyValueTrade on User Rating

  Sharekhan MyValueTrade
  177 Customer Reviews    Rate Sharekhan 10 Customer Reviews    Rate MyValueTrade
Fees Ratings 3.2 3.7
Trading Brokerage Rating 3.1 4.0
Trading Platform Usability 3.9 3.4
Customer Service Ratings 3.5 3.4
Overall Ratings Rated 3.6 stars Rated 3.4 stars
Broker Rating Sharekhan is Rated 3.6 / 5 based on 177 customer reviews MyValueTrade is Rated 3.4 / 5 based on 10 customer reviews
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Investment Offerings

Compare Sharekhan vs MyValueTrade on Investment Offerings

Compare Sharekhan 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 - Sharekhan offers online mutual fund investment option where MyValueTrade doesn't offer. Portfolio Management Services (PMS) - Sharekhan provide PMS Service where MyValueTrade doesn't offer

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

Compare Sharekhan vs MyValueTrade on Order Types

Order Type - Compare Sharekhan 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) - Sharekhan provide 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) - Sharekhan provide 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- Sharekhan offers Good Till Cancelled (GTC) orders where MyValueTrade doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Sharekhan with MyValueTrade
Order Type Compare Sharekhan MyValueTrade
CNC Ordre Yes Yes
MIS Ordre Yes Yes
NRML Ordre Yes Yes
Cover Ordre Yes No
Bracket Ordre Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Margin/Leverage

Compare Sharekhan vs MyValueTrade on Margin/Leverage

Comapre Sharekhan 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 Sharekhan with MyValueTrade
Margin Product Compare Sharekhan MyValueTrade
Equity Delivery Margin Sharekhan vs MyValueTrade - Equity Delivery Margin Upto 5x via Margin Funding. Info Not Available
Equity Intraday Margin Sharekhan vs MyValueTrade - Equity Intraday Margin Upto 10x leverage for equity. Info Not Available
Futures Margin Sharekhan vs MyValueTrade - Futures Margin Upto 2x leverage for futures. Info Not Available
Options Margin Sharekhan vs MyValueTrade - Options Margin Upto 2x margin for Options shorting, No leverage for option buying. Info Not Available
Equity CO Margin Sharekhan vs MyValueTrade - Equity CO Margin Upto 15x margin/leverage in CO order for selected equity scripts. Info Not Available
Futures CO Margin Sharekhan vs MyValueTrade - Futures CO Margin Upto 15x margin/leverage in CO order for futures contracts. Info Not Available
Options CO Margin Sharekhan vs MyValueTrade - Options CO Margin Upto 15x margin/leverage in CO order for options contracts sell only. Info Not Available
Commodity Margin Sharekhan vs MyValueTrade - Commodity Margin Info Not Available Info Not Available
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Customer Service Offered

Compare Sharekhan vs MyValueTrade on Customer Service

Compare Sharekhan 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 Sharekhan with MyValueTrade
Customer Service Compare Sharekhan MyValueTrade
24/7 Customer Service Sharekhan vs MyValueTrade - 24x7 customer support No No
Email Support Sharekhan vs MyValueTrade - Email Support Yes Yes
Onine Live Chat Sharekhan vs MyValueTrade - Onine Live Chat Yes Yes
Phone Support Sharekhan vs MyValueTrade - Phone Support Yes Yes
Toll Free Number Sharekhan vs MyValueTrade - Toll Free Number Yes No
Through Branches Sharekhan vs MyValueTrade - Through Branches Yes No
Customer Care Number Sharekhan vs MyValueTrade - Customer Care Number 1800227500 Info Not Available
Account Opening Process Sharekhan vs MyValueTrade - Account Opening Process Offline Info Not Available
Customer Support Email Sharekhan vs MyValueTrade - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Sharekhan vs MyValueTrade - Knowledge Center/Education https://www.sharekhan.com/help/hello Info Not Available
Head Office Address Sharekhan vs MyValueTrade - Head Office Address/Corporate Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH– 400042
Info Not Available
Website Sharekhan vs MyValueTrade - Company Website https://www.sharekhan.com Info Not Available
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Tips/Research/Reports Published

Compare Sharekhan vs MyValueTrade on Research Reports, Tips

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

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

Compare Sharekhan vs MyValueTrade on Demat Account

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

Demat Charges - Compare Sharekhan with MyValueTrade
  Sharekhan MyValueTrade
DP Source CDSL NSDL
DP ID Sharekhan vs MyValueTrade - DP ID 36000 No
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹300 pa (Second year onwards)
Advance Deposit Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) 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 Actual Stamp Paper Charges Nil
Transaction Charges on Debit (Per ISIN) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) ₹15
Demat ₹5 per certificate (Min 50 per request) ₹3 per certificate + ₹20 per DFR
Remat ₹50 per certificate or ₹50 for every hundred securities ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation 0.03% (Min ₹100) ₹50 per transaction
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil ₹25 per transaction
Pledge Closure Confirmation Nil Nil
Pledge Invocation Nil ₹25 per transaction
Failed Instruction Charges Nil ₹20
Other Charges Freeze/De-freeze - ₹25 per transaction
Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100)
Client Master changes ₹30 per request
Nil

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Special Offers,Advantages,Disadvantages

Compare Sharekhan vs MyValueTrade on Special Offers and Promotion

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

Compare Sharekhan vs MyValueTrade on Special Offers and Promotion
  Sharekhan MyValueTrade
Pay In and Pay Out Options Sharekhan vs MyValueTrade - Pay In and Pay Out Options 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
Info Not Available
Payout Time Sharekhan vs MyValueTrade - Payout Time Max 24 hrs except bank holidays Info Not Available
Bank Supported and Charges Sharekhan vs MyValueTrade - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Sharekhan Limited
Account No.:9035<> SK21<>
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
Info Not Available
Likes
  • Free call and trade facility.
  • Most powerful and robust trading terminal-'Trade Tiger'.
  • Share transfer from and to the DP account is free.
  • Huge network.
  • Supports commodity trading.

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 offer 3-in-1 account.
  • Minimum brokerage charges which makes it difficult to trade in penny stocks.
  • High brokerage so not well fit for day traders.
  • Classic account doesn't facilitate to trade in commodities.

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

Detail Review...

Special Offers/Promo Get Free Trading + Demat Account (Rs 1150 waived on account opening) for a limited time.
Enquiry Enquire about Sharekhan Enquire about MyValueTrade

Last Updated on 2019-07-08T23:57:42+00:00







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