My Value Trade(MVT) Review - A Discount Share Broker India 2019

Last Updated - 2018-12-04

Rated 3.5/5 based on 25 customer reviews

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Why MyValueTrade?

  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.
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MyValueTrade Review - 2019

    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.

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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.

Brokerage Charges
Investments Offering
Trading Platform
Customer Service


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.


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

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MyValueTrade with closest competitors

Broker MyValueTrade Zerodha ICICIDirect Sharekhan ProStocks
Service Type Discount Broker Discount Broker Full Service Broker Full Service Broker Discount Broker
Brokerage Rs 10 Rs 20 0.05 to .55% 0.1 to 0.5% Rs 15
Account Type 2 in 1 2 in 1 3 in 1 2 in 1 2 in 1
Monthly Plans Yes No No No Yes
Please refer unique and accurate MyValueTrade Brokerage Calculator

MyValueTrade Brokerage Charges - 2019

    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.

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MyValueTrade Brokerage Charges - Flat Fee Rs 10 Plan

Brokerage Plan Flat Fee Rs 10 Plan
Flat Fee
Equity Delivery Flat Fee Rs 10
Equity Intraday Flat Fee Rs 10
Equity Futures Flat Fee 10 Rs
Equity Options Flat Fee Rs 10
Currency Futures Flat Fee 10 Rs
Currency Options Flat Fee Rs 10
Commodity Flat Fee 10 Rs

Account Opening 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 Web, Mobile app and Desktop base trading platform - 2019

    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].


    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 Mobile App.

    Information about MyValueTrade app, MyValueTrade app download,MyValueTrade account login, MyValueTrade back office, MyValueTrade demat account login, MyValueTrade desktop app, MyValueTrade exe download, MyValueTrade demo, MyValueTrade mobile app download,MyValueTrade mobile app review, MyValueTrade official website, MyValueTrade software download, MyValueTrade trading platform, MyValueTrade trading terminal, MyValueTrade trading app and MyValueTrade web trading login.

MyValueTrade Membership Information

  • MyValuTrade NSE Membership:
    • Capital Market (CM) - INB230643634
    • Future & Options (F&O) - INF230643634
    • Currency Derivatives (CDS) - INE230643634
  • MyValuTrade BSE Membership:
    • Capital Market (CM) - INB010643634
    • Future & Options (F&O) - INF010643634
  • MyValuTrade MCX Membership:
    • Member Code - 12440
    • NCDEX Reg No:00092
    • MCX FMC Regn. No. - MCX/TCM/CORP/O472
  • MyValuTrade Registered Office:
    • C-1, Jeevan Jyot Building, 18/20, Cawasjee Patel Street, Fort, Mumbai - 400001
  • MyValueTrade Product and Services Features

    MyValueTrade - 3 in 1 Account help
    MyValueTrade - Multiple Plans help
    MyValueTrade - Monthly Plan help
    MyValueTrade - Yearly Plan help
    MyValueTrade - Portfolio help
    MyValueTrade - Charting help
    MyValueTrade - Automated Trading help
    MyValueTrade - AMO Order help
    MyValueTrade - Allow GTC Order help
    MyValueTrade - SMS Alerts help
    MyValueTrade - Margin Trade Funding help
    Combined Ledger for Equity and Commodityhelp
    MyValueTrade - NRI Trading help

    Offering of Investments by MyValueTrade

    MyValueTrade - Equity Cash and F&O help
    MyValueTrade - Currency F&O help
    MyValueTrade - Commodity Trading help
    MyValueTrade - Mutual Funds help
    MyValueTrade - ETF help
    MyValueTrade - Online IPO help
    MyValueTrade - Bonds Investment help
    MyValueTrade - Debt Investment help
    MyValueTrade - Banking Service help
    MyValueTrade - Insurance Service help
    MyValueTrade - MF SIP Investment help

    MyValueTrade Trading Platforms & Tools Options

    MyValueTrade - Desktop Platform (Windows) help
    MyValueTrade - Desktop Platform (Mac) help
    MyValueTrade - Web Platform help
    MyValueTrade - Stock Alerts via Email help
    MyValueTrade - Stock Alerts via SMS help
    MyValueTrade - Virtual Trading help
    MyValueTrade - Watch-lists, streaming real-time quotes help
    MyValueTrade - Mobile App help
    MyValueTrade - Android Tablet App help
    MyValueTrade - Android App help
    MyValueTrade - iPhone App help
    MyValueTrade - iPad App help
    MyValueTrade - Mobile Trading Site help

    Customer Service Offered by MyValueTrade

    MyValueTrade - Phone Support help
    MyValueTrade - Toll Free Number help
    MyValueTrade - Email Support help
    MyValueTrade - Branch Offices help
    MyValueTrade - Live Chat help
    MyValueTrade - 24/7 Support help

    MyValueTrade Research and Market Reports

    MyValueTrade - Daily Market Report help
    MyValueTrade - Free Tips help
    MyValueTrade - Quarterly Results help
    MyValueTrade - New Alerts help
    MyValueTrade - Mutual Funds Research help
    MyValueTrade - Research Equity Reports help
    MyValueTrade - ETF Research help

    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 choose MyValueTrade or any other broker, leave your contact information with us and we will guide you.

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    Find out how MyValueTrade stacks up against other brokers

    MyValueTrade User Reviews

    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?
    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:
    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.

    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

    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.


    Brokerage - Above Average
    Account Maintenance Fees - Average
    Website Usability - Average
    Customer Service - Above Average
    Overall Experience - Above Average
    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.


    Brokerage - Below Average
    Account Maintenance Fees - Average
    Website Usability - Below Average
    Customer Service - Very Poor
    Overall Experience - Very Poor
    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.
    5.1. 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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