Free Trading + Demat Account

ICICIDirect Vs MyValueTrade Share Broker Comparison

The side-by-side comparison of ICICI Securities Pvt Ltd. and MyValueTrade stock brokers in India. The comparison below highlights the similarities and differences between ICICIDirect and MyValueTrade's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among ICICIDirect and MyValueTrade.

  ICICI Securities Pvt Ltd. MyValueTrade
 
ICICI Securities Pvt Ltd. Logo MyValueTrade Logo
About the Broker ICICIdirect is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group... Know more about ICICI Securities Pvt Ltd. MyValueTrade (MVT) is a discount brokerage company part of the Master Capital Services Ltd. Incorporated in 1985; Master Capital Services Ltd (part of Master Trust Group) is a leading financial services company in India with over 1.5 lakh clients. Co... Know more about MyValueTrade
Type of Broker What is this parameter? Full Service Broker Discount Broker
Supported Exchnage What is this parameter? BSE, NSE BSE, NSE, MCX
Account Type What is this parameter? 3-in-1 Account (I-Secure Plan) Per Order Executed
Broker Enquiry Open an Online Trading Account with ICICIDirect. 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.
Expand

Stock Broker Fees / Charges

  ICICI Securities Pvt Ltd. MyValueTrade
Trading Account Opening Fees What is this parameter? Rs 975 Rs 555
Trading Account AMC What is this parameter? NIL Nil
Demat Account Opening Fees What is this parameter? NIL Nil
Demat Account AMC What is this parameter? Rs 600 Rs 400
Demat Account is Mandatory? What is this parameter? No No
Expand

Trading Brokerage Charges

Brokerage Plan 1

  ICICI Securities Pvt Ltd. MyValueTrade
Account Type 3-in-1 Account (I-Secure Plan) Per Order Executed
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.55% Rs 10
Equity Intraday Brokerage What is this parameter? 0.275% Rs 10
Equity Futures Brokerage What is this parameter? 0.05% to 0.03% Rs 10
Equity Options Brokerage What is this parameter? Rs 95 to Rs 35 per lot Rs 10
Currency Futures Trading Brokerage What is this parameter? 0.050% to 0.030% Rs 10
Currency Options Trading Brokerage What is this parameter? Rs 25 to Rs 10 per lot Rs 10
Commodity Trading Brokerage What is this parameter? NA Rs 10

Brokerage Plan 2

  ICICI Securities Pvt Ltd. MyValueTrade
Account Type I-Saver Plan Fixed Monthly Plan
Fixed Charges What is this parameter? Rs 1000
Equity Delivery Brokerage What is this parameter? 0.75% to 0.25% Rs 0
Equity Intraday Brokerage What is this parameter? 0.75% to 0.25% Rs 0
Equity Futures Brokerage What is this parameter? 0.05% to 0.03% Rs 0
Equity Options Brokerage What is this parameter? Rs 95 to Rs 65 per lot Rs 0
Currency Futures Trading Brokerage What is this parameter? 0.05% to 0.03% Rs 0
Currency Options Trading Brokerage What is this parameter? Rs 95 to Rs 65 per lot Rs 0
Commodity Trading Brokerage What is this parameter? NA Rs 0

Other Charges

Minimum Brokerage Charges What is this parameter? Rs 35 per trade Rs 10 or .01% whichever is lower
Other Brokerage Charges What is this parameter? Call & Trade: Rs 20 per executed order
Call & Trade Charges What is this parameter?
Expand

Taxes

  ICICI Securities Pvt Ltd. MyValueTrade
Securities Transaction Tax (STT) What is this parameter?
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
Expand

Transaction Charges

  ICICI Securities Pvt Ltd. MyValueTrade
Equity Delivery What is this parameter? NSE: 0.0031% | BSE: 0.0028% NSE ₹325 | BSE ₹325
Equity Intraday What is this parameter? NSE: 0.0031% | BSE: 0.0028% NSE ₹325 | BSE ₹325
Equity Futures What is this parameter? 0.0018% NSE ₹300 | BSE ₹150
Equity Options What is this parameter? 0.05% on Premium NSE ₹6000 | BSE ₹3500
Currency Futures What is this parameter? 0.0012% NSE ₹120 | BSE ₹100
Currency Options What is this parameter? 0.05% on Premium NSE ₹4200 | BSE ₹1000
Commodity What is this parameter? NA MCX ₹250
Expand

Exposure

  ICICI Securities Pvt Ltd. MyValueTrade
Equity Delivery What is this parameter?
Equity Intraday What is this parameter?
Equity Futures What is this parameter?
Equity Options What is this parameter?
Currency Futures What is this parameter?
Currency Options What is this parameter?
Commodity What is this parameter?
Expand

Share Broker Features

  ICICI Securities Pvt Ltd. MyValueTrade
3 in 1 Account What is this parameter? Yes No
Mobile Trading What is this parameter? Yes Yes
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No No
After Trading Hour Orders What is this parameter? Yes Yes
Good Till Cancelled (GTC) What is this parameter? Yes Yes
SMS Alerts What is this parameter? No Yes
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? Yes No
Margin Trading Funding Available What is this parameter? No Yes
Combined Ledger for Equity and Commodity What is this parameter?
Trading Platform What is this parameter? Trade Racer OMNESYS NEST
Intraday Square-off Time What is this parameter?
Other Features What is this parameter?
Expand

Broker Ratings (Average User Rating)

  ICICI Securities Pvt Ltd. MyValueTrade
  348 Customer Reviews    Rate ICICIDirect 9 Customer Reviews    Rate MyValueTrade
Fees Ratings 2.3 3.4
Trading Brokerage Rating 1.8 4.4
Trading Platform Usability 3.4 3.8
Customer Service Ratings 2.8 3.8
Overall Ratings Rated 2.4 stars Rated 3.8 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 348 customer reviews MyValueTrade is Rated 3.8 / 5 based on 9 customer reviews
Expand

Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. MyValueTrade
Contact / Request Call Back
Expand

Investment Options Available

  ICICI Securities Pvt Ltd. MyValueTrade
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? No Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? Yes Yes
Mutual Funds What is this parameter? Yes Yes
Bond / NCD What is this parameter? Yes Yes
Debt What is this parameter? Yes Yes
Other Investment Options What is this parameter? Mutual Funds
Expand

Customer Service Offered

  ICICI Securities Pvt Ltd. MyValueTrade
24/7 Customer Service What is this parameter? No No
Email Support What is this parameter? Yes Yes
Onine Live Chat What is this parameter? No Yes
Phone Support What is this parameter? Yes Yes
Toll Free Number What is this parameter? No No
Through Branches What is this parameter? Yes No
Expand

Research / Tips / Reports Published

  ICICI Securities Pvt Ltd. MyValueTrade
Daily Market Report What is this parameter? Yes No
Free Tips What is this parameter? Yes No
Quarterly Result Analysis What is this parameter? Yes No
News Alerts What is this parameter? Yes No
Expand

Suitable for Investor Category

  ICICI Securities Pvt Ltd. MyValueTrade
Casual Investor What is this parameter? Yes
Active Investor What is this parameter?
Trader What is this parameter? Yes

Expand

Pros, Cons and Other Review Comments

  ICICI Securities Pvt Ltd. MyValueTrade
Pros What is this parameter?
  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.

More Advantages...

  1. Monthly unlimited trading plans available for trading at NSE, BSE and MCX.
  2. Funds transfer facility with 45 major banks available.
  3. MyValueTrade gives Intraday up to 33 times exposure
  4. No minimum brokerage.
  5. No need to login in different platforms for different segment.
  6. No more need to transfer deposits in one exchange to another for trading.
  7. Trade across all segments using Flexi-Balance feature wherein the balance across different segments viz. Equity, commodity, derivatives and currency can be used as one single balance.

More Advantages...

Cons What is this parameter?
  • ICICI Security charges highest brokerage in comparison to most of the retail brokers in India.
  • Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hours of trading.
  • Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra Rs 25 per call after first 20 free calls in a month.

More Disadvantages...

More Disadvantages...

Reviews What is this parameter?
Promo / Offers What is this parameter?
Enquire about ICICIDirect Enquire about MyValueTrade
Compare More Brokers
special_offers
By Popular Stock Brokers

Intraday @ 0.02%
Delivery @ 0.15%

Rs 0 account opening fee
(Rs 400 waived)


Request Demo

Flat Rs 20 Per Trade
Free Equity Delivery Trades

Rs 100 off on account opening*

Enquire Now
(* on online account opening)

ProStocks Reivew
ProStocks
Flat Fee Broker

Rs 899 Unlimited Equity
Rs 499 Unlimited Curr
or Rs 15 per Trade

Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty

FREE Trading + Demat Acct

Beginner, seasoned investor, active trader or HNI. Get customised solutions.

Rs 0 account opening fee on Online Trading + Demat Acct
(Rs 1150 waived)

Request Call Back

RKSV Discount Broker Review  RKSV

Ditch & Switch

Switch to RKSV and earn brokerage credit of Rs 2000

Get RKSV Trading Account



More About Brokers

Special Offers Broker Reports

Message Board

Stock Message Board


Search Chittorgarh.com:

Translate Chittorgarh.com: