Compare 3 Brokers

TradeSmart Vs MyValueTrade: Which one is better?

The brokerage of TradeSmart Max Rs 15 per trade while the brokerage of MyValueTrade Max Rs 10 per trade. Both the brokers are Discount Brokers. TradeSmart is having overall higher rating compare to MyValueTrade. TradeSmart is rated 4 out of 5 where MyValueTrade is rated only 3.5 out of 5.

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

  TradeSmart Compare
TradeSmart
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, NCDEX BSE, NSE, MCX
Broker Overview TradeSmart, on the whole, provides clients a well-rounded offering worth being a client for, especially with its mix of brokerage plan choice (flat fee or percentage based), secure & fast trading tools and active customer support. 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 TradeSmart. 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 TradeSmart vs MyValueTrade on Trading & Demat Account Opening Charges

In this section we have compared TradeSmart with MyValueTrade on trading & demat account opening charges and AMC. Trading account opening charges - TradeSmart charges Rs 200 for account opening where MyValueTrade charges Rs 555 for account opeing. Demat AMC charges - TradeSmart charges Rs 300 PA AMC for Demat account where MyValueTrade charges Rs 400 PA (Waived for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare TradeSmart with MyValueTrade
Charges TradeSmart MyValueTrade
Trading Account Opening Fees Rs 200 Rs 555
Trading AMC Free Free
Demat Account Opening Fees Rs 200 Free
Demat AMC Rs 300 PA Rs 400 PA (Waived for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare TradeSmart vs MyValueTrade on Plan Options

Plans are the most important feature you look when compare TradeSmart 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 TradeSmart doesn't offer

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

Account Opening

  TradeSmart MyValueTrade
Account Opening Request
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Brokerage Charges

Compare TradeSmart vs MyValueTrade on Brokerage Charges

TradeSmart Brokerage Plan detail - 15 Rs Flat-rate power plan is good for big volume trader. This plan is good for traders who are not doing frequent trades but doing volume trade. This plan comes with up to 30x exposure on Equity.

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 TradeSmart with MyValueTrade
Brokerage Charges Compare TradeSmart MyValueTrade
Plan Name Flat Fee Rs 15 Trading Plan (Power Plan) Flat Fee Rs 10 Trading Plan
Equity Delivery Flat Fee Rs 15 Flat Fee Rs 10
Equity Intraday Flat Fee Rs 15 Flat Fee Rs 10
Equity Futures Flat Fee Rs 15 Flat Fee 10 Rs
Equity Options Flat Fee Rs 15 Flat Fee Rs 10
Currency Futures Flat Fee Rs 15 Flat Fee 10 Rs
Currency Options Flat Fee Rs 15 Flat Fee Rs 10
Commodity Trading Flat Fee Rs 15 Flat Fee 10 Rs
Minimum Brokerage NIL Rs 10 or .01% whichever is lower
Hidden Charges No Info Not Available
Funding No Info Not Available
Call & Trade Charges Rs 20 per executed Order Info Not Available
Brokerage Calculator Brokerage Calculator for TradeSmart Brokerage Calculator for MyValueTrade
SPAN Margin Calculator SPAN Margin Calculator for TradeSmart SPAN Margin Calculator for MyValueTrade
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Share Broker's Transaction Charges

Compare TradeSmart vs MyValueTrade on Transaction Charges

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

Transaction Charges - Compare TradeSmart with MyValueTrade
Transaction Charges Compare TradeSmart MyValueTrade
Equity Delivery Rs 350 Per Cr Rs 325 Per Cr
Equity Intraday Rs 350 Per Cr Rs 325 Per Cr
Equity Futures Rs 240 Per Cr Rs 300 Per Cr
Equity Options Rs 7150 Per Cr Rs 6000 Per Cr
Currency Futures Rs 165 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 trade-smart-online Complete Brokerage Plans for my-value-trade
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Account Features

Compare TradeSmart vs MyValueTrade on Account Features

Compare TradeSmart 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 TradeSmart doesn't offers margin funding. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - TradeSmart with MyValueTrade
Account Features Compare TradeSmart MyValueTrade
3 in 1 Account No TradeSmart have 2-in-1 account. Only Demate and Trading account. No TradeSmart have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No 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 No No
Other Features NIL NIL
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Trading Platform

Compare TradeSmart vs MyValueTrade on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w TradeSmart 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 TradeSmart with MyValueTrade
Trading Platform Compare TradeSmart MyValueTrade
Desktop Trading Platform NEST Trader & Fox Trader 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://sine.tradesmartonline.in/userMaster/login https://direct.mastermarts.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App Sine MVT Mobile
Mobile Trading App Demo Sine Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Sine Download Andriod MVT Mobile Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Sine 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 TradeSmart Equity Intraday and Delivery Brokerage Calculator for MyValueTrade
Futures Brokerage Calculator Futures Brokerage Calculator for TradeSmart Futures Brokerage Calculator for MyValueTrade
Options Brokerage Calculator Options Brokerage Calculator for TradeSmart Options Brokerage Calculator for MyValueTrade
Detail Detail on Trading Platforms for trade-smart-online Detail on Trading Platforms for my-value-trade

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Broker Ratings by Users

Compare TradeSmart vs MyValueTrade on User Rating

  TradeSmart MyValueTrade
  34 Customer Reviews    Rate TradeSmart 10 Customer Reviews    Rate MyValueTrade
Fees Ratings 3.9 3.7
Trading Brokerage Rating 4.4 4.0
Trading Platform Usability 3.7 3.4
Customer Service Ratings 4.0 3.4
Overall Ratings Rated 4.0 stars Rated 3.4 stars
Broker Rating TradeSmart is Rated 4.0 / 5 based on 34 customer reviews MyValueTrade is Rated 3.4 / 5 based on 10 customer reviews
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Investment Offerings

Compare TradeSmart vs MyValueTrade on Investment Offerings

Compare TradeSmart 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 - both brokers don't offer online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

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

Order Type - Compare TradeSmart 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) - TradeSmart 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) - TradeSmart 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- both brokers doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare TradeSmart with MyValueTrade
Order Type Compare TradeSmart 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 No No
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Margin/Leverage

Compare TradeSmart vs MyValueTrade on Margin/Leverage

Comapre TradeSmart 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 TradeSmart with MyValueTrade
Margin Product Compare TradeSmart MyValueTrade
Equity Delivery Margin TradeSmart vs MyValueTrade - Equity Delivery Margin Up to 1x Margin on Equity Delivery. Info Not Available
Equity Intraday Margin TradeSmart vs MyValueTrade - Equity Intraday Margin Up to 10x leverage for equity intraday. Info Not Available
Futures Margin TradeSmart vs MyValueTrade - Futures Margin Up to 3x leverage for equity futures intraday (MIS). Info Not Available
Options Margin TradeSmart vs MyValueTrade - Options Margin Up to 3x for Index options selling, no leverage on options buying. Info Not Available
Equity CO Margin TradeSmart vs MyValueTrade - Equity CO Margin Up to 30x leverage for equity CO. Info Not Available
Futures CO Margin TradeSmart vs MyValueTrade - Futures CO Margin Up to 7x leverage on equity/Index futures CO. Info Not Available
Options CO Margin TradeSmart vs MyValueTrade - Options CO Margin Up to 7x leverage on options selling and 1.33x for options buying via CO. Info Not Available
Commodity Margin TradeSmart vs MyValueTrade - Commodity Margin Up to 2x on commodity MIS, and up to 6x for CO. Info Not Available
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Customer Service Offered

Compare TradeSmart vs MyValueTrade on Customer Service

Compare TradeSmart 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 TradeSmart with MyValueTrade
Customer Service Compare TradeSmart MyValueTrade
24/7 Customer Service TradeSmart vs MyValueTrade - 24x7 customer support No No
Email Support TradeSmart vs MyValueTrade - Email Support Yes Yes
Onine Live Chat TradeSmart vs MyValueTrade - Onine Live Chat Yes Yes
Phone Support TradeSmart vs MyValueTrade - Phone Support Yes Yes
Toll Free Number TradeSmart vs MyValueTrade - Toll Free Number No No
Through Branches TradeSmart vs MyValueTrade - Through Branches No No
Customer Care Number TradeSmart vs MyValueTrade - Customer Care Number 022 61208000/42878000 Info Not Available
Account Opening Process TradeSmart vs MyValueTrade - Account Opening Process Online/Paperless Info Not Available
Customer Support Email TradeSmart vs MyValueTrade - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education TradeSmart vs MyValueTrade - Knowledge Center/Education https://help.tradesmartonline.in/ Info Not Available
Head Office Address TradeSmart vs MyValueTrade - Head Office Address/Corporate Address Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Info Not Available
Website TradeSmart vs MyValueTrade - Company Website https://tradesmartonline.in/ Info Not Available
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Tips/Research/Reports Published

Compare TradeSmart vs MyValueTrade on Research Reports, Tips

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

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

Compare TradeSmart vs MyValueTrade on Demat Account

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

Demat Charges - Compare TradeSmart with MyValueTrade
  TradeSmart MyValueTrade
DP Source CDSL NSDL
DP ID TradeSmart vs MyValueTrade - DP ID 30400 No
Demat Account Annual Maintenance Charges(AMC) ₹300 pa ₹300 pa (Second year onwards)
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) ₹25 ₹15
Demat ₹500 per certificate (Min ₹500 per request) ₹3 per certificate + ₹20 per DFR
Remat ₹500 per certificate (Min ₹500 per request) ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation ₹200 per script
₹50 for trading margin each side
₹50 per transaction
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹200 per script ₹25 per transaction
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹200 per script ₹25 per transaction
Failed Instruction Charges Nil ₹20
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare TradeSmart vs MyValueTrade on Special Offers and Promotion

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

Compare TradeSmart vs MyValueTrade on Special Offers and Promotion
  TradeSmart MyValueTrade
Pay In and Pay Out Options TradeSmart vs MyValueTrade - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SIGN Mobile, SIGN Web and NEST Software.
Pay-out/Fund Withdrawal - Bank Transfer only.
Info Not Available
Payout Time TradeSmart vs MyValueTrade - Payout Time Up to 24 Hrs except Bank Holidays. Info Not Available
Bank Supported and Charges TradeSmart vs MyValueTrade - Bank Supported and Charges Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart trading platforms. Info Not Available
Bank Detail VNS Finance and Capital Services Ltd.,
Account Number:VNS095XXXXXXX
Bank and Branch: Yes Bank,CMS National Operating Centre MMR
Account Type: Current Account
IFSC Code: YESB0CMSNOC
Info Not Available
Likes
  • Time saver live-chat service with customers to resolve their queries.
  • Fair trading margins available for trading in currency and commodity.
  • Support “Offer for Sale” (OFS).
  • NEST, one of the proven desktop trading platforms.

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
  • Lacking in-house research.
  • No online process to invest in IPO, FPO, Buyback.
  • Mutual Funds investment option is not available.
  • The process is not defined for NRI customers.
  • In-house trading platforms are missing.

Detail Review...

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

Detail Review...

Special Offers/Promo Free Account Opening, Rs 400 Waived for a limited time.
Enquiry Enquire about TradeSmart Enquire about MyValueTrade

Last Updated on 2019-07-23T02:08:46+00:00







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