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TradeSmart Vs MyValueTrade: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. 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. Number of active customer for TradeSmart is 29,627 where number of active customer for MyValueTrade is . TradeSmart is serving more customer compare to MyValueTrade.

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.

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
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. 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 NSE, BSE, MCX
Active Clients 29,627
Broker Overview Open TradeSmart Account to trade at either 0.007% or Rs. 15 lowest flat brokerage charges on the best platforms (SINE mobile app and trading website, and TradeSmart App), and get 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 Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare TradeSmart vs MyValueTrade on Trading & Demat Account Opening Charges

Comparison of 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 opening. 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 compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy.. Monthly 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

  Zerodha Zerodha
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 NA
Auto Square off Charges Rs 20 per executed Order NA
Brokerage Calculator Brokerage Calculator for TradeSmart Brokerage 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 NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 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 trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - MyValueTrade offers a 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 links 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 4.0 3.4
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 broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker 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 brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type 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 facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare TradeSmart with MyValueTrade
Order Type Compare TradeSmart MyValueTrade
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No No
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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 compares types of service offered by each broker for a quick resolution for query/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 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 the 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. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for MyValueTrade is ₹300 pa (Second year onwards) where for TradeSmart is ₹300 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for TradeSmart is ₹25 where for MyValueTrade is ₹15.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers 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 the general features, advantages, disadvantages, payout 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

Check out the key advantages, reasons, or benefits on Why Choose TradeSmart For Stock Trading?

  • Trade in stocks, derivatives, currencies, and commodities.
  • Lowest brokerage: Trade at 15 flat brokerage fees.
  • Multiple trading platforms: SINE, TradeSmart App, Nest Trader, Fox Trader, etc.
  • Super-efficient Trade Smart Box integrated back office portal.
  • Tradetron Algo Trading with TradeSmart.
  • No minimum balance is required.
  • Instant UPI fund transfer.
  • Free of cost Swing API.
  • Apply for IPOs online using UPI.
  • Online Direct mutual fund investment at Rs.0 brokerage.
  • Online brokerage calculator to calculate trading cost upfront.
  • TradeSmart blogs, newsroom, and Knowledge hub for beginners to experts.
  • Advanced orders like bracket order (BO), cover order (CO), and after-market order (AMO).
  • Margin against shares (MAS) in your Demat account.
  • No Hidden charges.

Detail Review...

Detail Review...

Dislikes

There are several disadvantages or limitations as well of trading with TradeSmart such as follows;

  • You cannot invest in SME IPOs.
  • TradeSmart App is only available on the Play Store.
  • NRIs cannot open a Demat and Trading account at Trade smart.
  • It does not provide trading tips, research, and portfolio management services.

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 Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-01T03:17:59+00:00