My Value Trade(MVT) Review 2019

Rated 3.5/5 by Top Share Brokers Team
MyValueTrade Review

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My value trade (MVT), the online brand of Master Capital Services Ltd. and Master Commodity Services Ltd. came into existence in Aug 2014 and offers online services for trading in Equity, F&O, currency and commodity on NSE,BSE,MCX and NCDEX.

They have very simple and easy to understand brokerage plan of Rs 10 per order executed or Rs 1000 Monthly or Rs 10,000 Yearly plan to trade in all segments. MVT has unique feature of single login for all its services like trading, BackOffice, analytics, Demat a/c reports, fund payin/payout services. Its Flexi-Balance feature gives you facility to trade on all segments with one amount only with no hassle to transfer fund from one exchange to another.Fund transfer facility with 45 major banks is also available. MVT also facilitates its users to trade in IPO, Mutual Fund, Bonds and NCDs.

The Broker supports After Market Order (AMO) , 'Cover Orders' with an option of 'Trailing Stop loss' for both Equity and F&O. They offers 33 times exposure or leverage for equity Intraday trading which is highest in the Industry.

In terms of Customer Care,My value trade's dedicated helpdesk 24x7 delivers customer support through email, phone and live chat.

Review Summary

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.


Benefits

  1. Three easy brokerage plans:
    • 10 Rs per executed order trading plan
    • 1000 Rs Per Month fixed brokerage plan
    • 10000 Rs Per Year Trading plan
  2. Single login for trading in all the segments.
  3. Intraday trading with upto 33 times exposure.
  4. Flexi balance feature and After market order facility.
  5. Funds transfer facility with 45 banks in India.

Considerations

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


Request call back from MyValueTrade

MyValueTrade Investment Options Compare

Here we are comparing MyValueTrade with its 5 close competitors on investment options.

Broker MyValueTrade Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds No Yes Yes Yes No
MF SIP No Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance No Yes Yes No No

MyValueTrade Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 4/5

MyValueTrade Account Opening Charges

      »»  Trading Account Opening Charges: Rs 555
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 400 PA (Waived for 1st year)

MyValueTrade Brokerage

When it comes to trade, My Value Trade provides both pay per trade and fixed trading plans.

Their Rs 10 per trade plan is the second lowest brokerage plan in the discount brokerage Industry and competes most closely with SAS Online's Rs 9 per trade plan and way low as compared to RKSV having Rs 20, Zerodha Rs 20 and Trade Smart Online Rs 15 per trade plan.

My Trade Value's fixed monthly Rs 1000 plan is also very attractive for the trader who wants to trade unlimited in all the segments like equity, derivatives, currency, and commodity.

First time ever in Discount Brokerage Industry, My Value Trade is providing yearly plan just for Rs 10,000 for unlimited trade in equity, derivatives, currency, and commodity.

They charge Rs 555 as account opening Fee for both Trading Account and Demat Account. There is no AMC for Trading but for DP AMC they charge Rs 400/year which is waived off for the first year.

MyValueTrade Reward program like 'refer a friend' and 'Get an Affiliate link' gives you an opportunity to earn 10% of brokerage or Rs 2 on every trade executed by your referral.

Trading Brokerages

1. MyValueTrade 10 Rs Plan

  • Equity Delivery Based Trades: 10 Rs per executed order
  • Equity Intraday Trades: 10 Rs per executed order
  • Equity Future: 10 Rs per executed order
  • Equity Options: 10 Rs per executed order (on Turnover)
  • Currency Futures and Options: 10 Rs per executed order
  • Commodity Futures: 10 Rs per executed order

2. MyValueTrade Monthly/Yearly/Ultimate plan

  • 1000 Rs unlimited monthly plan: Fixed 1000 Rs per month for unlimited trades across all segments.
  • 10,000 Rs unlimited yearly plan: Fixed 10,000 Rs per month for unlimited trades across all segments.
Account Charges
  • Trading Account Opening Charges (One Time): Rs 555
  • Demat account Opening Charges (One Time): Nil
  • Trading Annual maintenance charges (AMC): NIL
  • Demat Account Annual Maintenance Charges (AMC):Rs 400(waived off for the 1st year)

MyValueTrade Exposures

    MVT charge margins as per exchange norms/Risk Policy. They have provided detailed scrip margin file which refresh daily with exchange norms/Risk Policy. In case of margin shortage, your positions will be squared off. Client need to maintain sufficient balance to avoid square off.

For complete brokerage charges and trading plans detail please visit MyValueTrade Brokerage Charges.

MyValueTrade with closest competitors

Here we are comparing MyValueTrade with its 5 close competitors, who are currently market leader in brokerage industry.

Broker MyValueTrade Sharekhan 5paisa Zerodha SAMCO
Service Type Discount Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 10 0.1 to 0.5% Rs 10 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery Flat Fee Rs 10 0.5% or 50 paisa Flat Fee Rs 10 Free 0.2% or Rs 20 whichever is lower
Equity Intraday Flat Fee Rs 10 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures Flat Fee 10 Rs 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 10 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Flat Fee 10 Rs 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures Flat Fee 10 Rs 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 10 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate MyValueTrade Brokerage Calculator


Open Trading and Demat Account with MyValueTrade

For online trading with MyValueTrade, investor has to open 2-in-1 account(Trading and Demat). Following are the ways to open an account with MyValueTrade:

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MyValueTrade Trading Platform and Tools

Trading Platforms Rated 3.5/5

    MVT Trade is a desktop base installable trading platform by "Omnesys NEST". Advance charting tools for technical analysis, option trading strategies, live quotes, market Analysis, real-time news from Dow Jones, market monitor and scanner makes up the bulk of this platforms offering. One more unique feature with MVT Trade is its integration with Live TV of India's top business channels [CNBC Awaaz, CNBC TV18, ET Now and NDTV Profit].

    MyValueTrade_NEST_Platform

    MVT Classic is Web base trading platform, allowing user to trade with its single login platform for all segments as well as back office reports.

    MVT Mobile is My Value Trade's robust and powerful mobile trading app. Key feature of this app is integrated market watch, stock charts, Notification & Alerts, real time quotes and Dual Security levels.

    MVT's trading platforms including trading terminal, website and mobile apps are available for free of cost to its clients.

    Call & Trade can be avail for an additional pay of Rs 20 per trade.

    MVT is among few brokerage houses having multi city disaster management infrastructure for better safety, speed and reliability. Its exchange connectivity of 240 orders/second for sending and executing orders to the exchange through leased lines is fastest in the Industry.

    For detail review of mobile app and download please visit MyValueTrade Trading Platform Review.

MyValueTrade Trading Platform Compare

Here we are comparing MyValueTrade with its 5 close competitors on Trading Platform.

Broker MyValueTrade Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) No Yes Yes Yes No
iPad App No Yes Yes Yes No
Mobile Site No Yes Yes Yes Yes

Final thought about MyValueTrade

When searching for a well-rounded broker, finding the right mix is no easy task. Trade costs, ease-of-use, trade platforms, research and customer service all are important to investors. My Value Trade with its dedicated helpdesk, fully customizable trading environment, top notch trading platform, single Sign on (SSO) feature and a website that provides a little bit of everything for everyone, puts up a respectable fight with the leaders in the industry.

If you like what you have read and want to open an trading and demat account with MyValueTrade, leave your contact information with us and we will guide you.


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MyValueTrade User Reviews

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6. VENKATA SATYA NANDIGAM Jul 26, 2019 12:30:06 PM IST Reply
it is very good stock broker prices are very less. customer service is very polite.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
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5. Mohammed Amjad Ghaniwala Mar 5, 2019 11:31:22 PM IST Reply
Does their platform support good till cancelled GTC ?
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4. PK Apr 3, 2016 4:18:00 AM IST Reply
How is My Value Trades's back office software? When daily Reports can be generate?
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4.1. PRITESH Nov 30, 2017 7:35:13 AM IST
You can say MyValueTrade do not have back office software at all. You have to request for reports from their helpdesk & wait for them to respond.

The back office software they have only works on Internet Explorer. And just for your information Microsoft stopped support for Internet Explorer in Jan 2016, so IE is dead since then. If you have latest windows then you cannot access the back office software

Here is a reference:
https://www.microsoft.com/en-in/windowsforbusiness/end-of-ie-support
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3. PRITESH Jun 14, 2017 11:14:56 AM IST Reply
I am an active intraday trader, and I trade with multiple brokers.

I recently opened an account with MVT, and so far the experience has been good.

Pros:
1. Good customer service so far
2. Brokerage works good with fixed monthly plan
3. NEST trader is a well known robust platform
4. Real-time funds updates

Cons:
1. They us back office software from LD which is just average. I have used it with other brokers as well. Biggest problem is it only supports Internet Explorer browser, and we all know that IE is removed from Windows 10 (Microsoft stopped support for IE)
2. They have enabled auto log off feature in NEST, which is supposed to log you off after 15 mins of inactivity. It''s very problematic if you are an active intraday trader.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Above Average
avatar
2. Kumar Nov 13, 2016 11:45:03 AM IST Reply
Their Bracket Order is not stable. Access can be revoked anytime even within 1 day.
No innovative approach for their Customer. They are legacy.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
1. CA Apr 21, 2016 3:15:26 PM IST Reply
I recently opened a trading account with MyValueTrade and I found that the behaviour of the staff is very rude. I had opted the Rs.10/Trade plan to start with and had told them that after satisfaction with their service, I would go with monthly plan. But they opened my account under monthly plan in the beginning itself and deducted Rs.1000 plus taxes without my consent. Upon followup, they tried to delay the matter. Upon vigorous followup, they denied to change the plan. Very un-professional service. Beware with this broker.
avatar
7.1. Vijay Apr 27, 2016 7:07:40 PM IST
Please go ahead and lodge a formal complaint with NSE/BSE/SEBI. They will look into this issue.

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