Compare 3 Brokers

Zerodha Vs MyValueTrade: Which one is better?

The brokerage of Zerodha Max Rs 20 per trade while the brokerage of MyValueTrade Max Rs 10 per trade. Both the brokers are Discount Brokers. Zerodha is having overall higher rating compare to MyValueTrade. Zerodha is rated 4.5 out of 5 where MyValueTrade is rated only 3.5 out of 5.

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

  Zerodha Compare
Zerodha
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? NSE, BSE, MCX-SX and MCX BSE, NSE, MCX
Broker Overview With high-class technology, unique trading tools, and three-way trading platform, Zerodha is giving its clients an edge in trading and decision making. Pioneer in introducing low brokerage scheme, Zerodha manages to satisfy both casual and active inv... Know more about Zerodha 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 Zerodha. 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 Zerodha vs MyValueTrade on Trading & Demat Account Opening Charges

In this section we have compared Zerodha with MyValueTrade on trading & demat account opening charges and AMC. Trading account opening charges - Zerodha charges Rs 200 for account opening where MyValueTrade charges Rs 555 for account opeing. Demat AMC charges - Zerodha 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 Zerodha with MyValueTrade
Charges Zerodha MyValueTrade
Trading Account Opening Fees Rs 200 Rs 555
Trading AMC Free Free
Demat Account Opening Fees Rs 100 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 Zerodha vs MyValueTrade on Plan Options

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

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

Account Opening

  Zerodha MyValueTrade
Account Opening Request
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Brokerage Charges

Compare Zerodha vs MyValueTrade on Brokerage Charges

Zerodha Brokerage Plan detail - Zerodha offers Rs 20 or .01% whichever is lower for equity intraday, F&O, commodity and currency on NSE, BSE, MCX and MCX-SX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

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 Zerodha with MyValueTrade
Brokerage Charges Compare Zerodha MyValueTrade
Plan Name Max Rs 20 per order Trading 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 0.01% or Rs 20 whichever is lower Flat Fee 10 Rs
Equity Options Flat Fee Rs 20 Flat Fee Rs 10
Currency Futures 0.01% or Rs 20 whichever is lower 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 NIL Rs 10 or .01% whichever is lower
Hidden Charges No Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 20 Per Executable Order Info Not Available
Brokerage Calculator Brokerage Calculator for Zerodha Brokerage Calculator for MyValueTrade
SPAN Margin Calculator SPAN Margin Calculator for Zerodha SPAN Margin Calculator for MyValueTrade
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Share Broker's Transaction Charges

Compare Zerodha vs MyValueTrade on Transaction Charges

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

Transaction Charges - Compare Zerodha with MyValueTrade
Transaction Charges Compare Zerodha 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 135 Per Cr Rs 120 Per Cr
Currency Options Rs 4400 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 zerodha Complete Brokerage Plans for my-value-trade
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Account Features

Compare Zerodha vs MyValueTrade on Account Features

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

Account Features - Zerodha with MyValueTrade
Account Features Compare Zerodha MyValueTrade
3 in 1 Account No Zerodha have 2-in-1 account. Only Demate and Trading account. No Zerodha 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 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 Zerodha vs MyValueTrade on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Zerodha 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 Zerodha with MyValueTrade
Trading Platform Compare Zerodha MyValueTrade
Desktop Trading Platform Zerodha PI 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://kite.zerodha.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 Zerodha Kite MVT Mobile
Mobile Trading App Demo Zerodha Kite Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Zerodha Kite Download Andriod MVT Mobile Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Zerodha Kite 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 Zerodha Equity Intraday and Delivery Brokerage Calculator for MyValueTrade
Futures Brokerage Calculator Futures Brokerage Calculator for Zerodha Futures Brokerage Calculator for MyValueTrade
Options Brokerage Calculator Options Brokerage Calculator for Zerodha Options Brokerage Calculator for MyValueTrade
Detail Detail on Trading Platforms for zerodha Detail on Trading Platforms for my-value-trade

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Broker Ratings by Users

Compare Zerodha vs MyValueTrade on User Rating

  Zerodha MyValueTrade
  154 Customer Reviews    Rate Zerodha 10 Customer Reviews    Rate MyValueTrade
Fees Ratings 4.0 3.7
Trading Brokerage Rating 4.5 4.0
Trading Platform Usability 3.7 3.4
Customer Service Ratings 3.8 3.4
Overall Ratings Rated 3.9 stars Rated 3.4 stars
Broker Rating Zerodha is Rated 3.9 / 5 based on 154 customer reviews MyValueTrade is Rated 3.4 / 5 based on 10 customer reviews
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Investment Offerings

Compare Zerodha vs MyValueTrade on Investment Offerings

Compare Zerodha 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 - Zerodha 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 Zerodha with MyValueTrade
Investment Offerings Compare Zerodha 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 No No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Zerodha vs MyValueTrade on Order Types

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

Order Types - Compare Zerodha with MyValueTrade
Order Type Compare Zerodha 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 Zerodha vs MyValueTrade on Margin/Leverage

Comapre Zerodha 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 Zerodha with MyValueTrade
Margin Product Compare Zerodha MyValueTrade
Equity Delivery Margin Zerodha vs MyValueTrade - Equity Delivery Margin No Delivery margin. Info Not Available
Equity Intraday Margin Zerodha vs MyValueTrade - Equity Intraday Margin Up to 12.5x margin for Intraday leverage for equity. Info Not Available
Futures Margin Zerodha vs MyValueTrade - Futures Margin Up to 2x leverage for future. Info Not Available
Options Margin Zerodha vs MyValueTrade - Options Margin Up to 2x margin for options shorting, no leverage for option buying. Info Not Available
Equity CO Margin Zerodha vs MyValueTrade - Equity CO Margin Up to 20.8x margin/leverage in equity CO order for selected equity scripts. Info Not Available
Futures CO Margin Zerodha vs MyValueTrade - Futures CO Margin Up to 33x margin/leverage (of complete order) in CO order for future contracts. Info Not Available
Options CO Margin Zerodha vs MyValueTrade - Options CO Margin Up to 20x margin/leverage (of complete order) in CO order for options contracts sell only, buying is enabled only for NIFTY. Info Not Available
Commodity Margin Zerodha vs MyValueTrade - Commodity Margin Up to 2x MIS Margin of SPAN, Complete SPAN is required for carry forward positions. Info Not Available
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Customer Service Offered

Compare Zerodha vs MyValueTrade on Customer Service

Compare Zerodha 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 Zerodha with MyValueTrade
Customer Service Compare Zerodha MyValueTrade
24/7 Customer Service Zerodha vs MyValueTrade - 24x7 customer support No No
Email Support Zerodha vs MyValueTrade - Email Support Yes Yes
Onine Live Chat Zerodha vs MyValueTrade - Onine Live Chat No Yes
Phone Support Zerodha vs MyValueTrade - Phone Support Yes Yes
Toll Free Number Zerodha vs MyValueTrade - Toll Free Number No No
Through Branches Zerodha vs MyValueTrade - Through Branches Yes No
Customer Care Number Zerodha vs MyValueTrade - Customer Care Number "+ 91 80 4040 2020" Info Not Available
Account Opening Process Zerodha vs MyValueTrade - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Zerodha vs MyValueTrade - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Zerodha vs MyValueTrade - Knowledge Center/Education https://support.zerodha.com/ Info Not Available
Head Office Address Zerodha vs MyValueTrade - Head Office Address/Corporate Address Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
Info Not Available
Website Zerodha vs MyValueTrade - Company Website https://zerodha.com/ Info Not Available
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Tips/Research/Reports Published

Compare Zerodha vs MyValueTrade on Research Reports, Tips

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

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

Compare Zerodha vs MyValueTrade on Demat Account

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

Demat Charges - Compare Zerodha with MyValueTrade
  Zerodha MyValueTrade
DP Source CDSL NSDL
DP ID Zerodha vs MyValueTrade - DP ID 81600 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 ₹50 Nil
Transaction Charges on Debit (Per ISIN) ₹8 + ₹5.50 (CDSL Charges) per transaction ₹15
Demat ₹150 per certificate + ₹100 courier charges ₹3 per certificate + ₹20 per DFR
Remat ₹150 per certificate + ₹100 courier charges + CDSL Charges ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation ₹20 + ₹12 CSDL charges ₹50 per transaction
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹20 + ₹12 CSDL charges ₹25 per transaction
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹20 ₹25 per transaction
Failed Instruction Charges ₹50 per instraction ₹20
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Zerodha vs MyValueTrade on Special Offers and Promotion

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

Compare Zerodha vs MyValueTrade on Special Offers and Promotion
  Zerodha MyValueTrade
Pay In and Pay Out Options Zerodha vs MyValueTrade - Pay In and Pay Out Options pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Kite
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Zerodha vs MyValueTrade - Payout Time Max 24 hrs except bank holidays Info Not Available
Bank Supported and Charges Zerodha vs MyValueTrade - Bank Supported and Charges Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI). Info Not Available
Bank Detail HDFC Bank
Account#ZERNSE
Branch: Sandoz Branch, Mumbai
IFSC Code:HDFC0000240
Info Not Available
Likes
  • Best Mobile App KITE. Now you don’t need desktop software for your trading.
  • Low Brokerage and High Exposure
  • Strong customer support, everything is available online, no need to call any customer support. Learn by your own and get all the questions answered online.
  • Free, online education module covering all the topics related to trading called Varsity.
  • Active trading forum called Trading Q&A.

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
  • Call and trade is not free.
  • Doesn't provide facility to online invest in IPO via Zerodha Kite.
  • Margin against shares facility is not available for equity cash segment.
  • Zerodha as of now is not offering Margin Trading Funding. This is a big limitation for traders where they need to borrow some money from broker on interest for short span of time.

Detail Review...

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

Detail Review...

Special Offers/Promo Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
Enquiry Enquire about Zerodha Enquire about MyValueTrade

Last Updated on 2019-07-29T05:16:21+00:00







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