Last Updated - 2018-12-04
Rated 3.5/5 based on 98 customer reviews
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.
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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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.
Here we are comparing MyValueTrade with its 5 close competitors, who are currently market leader in brokerage industry.
|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|
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
2. MyValueTrade Monthly/Yearly/Ultimate plan
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|Brokerage Plan||Flat Fee Rs 10 Plan|
|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|
For complete brokerage charges and trading plans detail please visit MyValueTrade Brokerage Charges.
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:
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 Trading Platform Review.
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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.