Free Trading + Demat Account

ICICIDirect Vs MyValueTrade (Compare ICICIDirect and MyValueTrade)

The side-by-side comparison of ICICIDirect and MyValueTrade. Compare ICICIDirect Vs MyValueTrade brokerage, charges, exposure margin, demat account. Read MyValueTrade and ICICIDirect review.

Find out ICICIDirect Vs MyValueTrade which is better and ICICIDirect Vs MyValueTrade which is best.

Our ICICI Securities Pvt Ltd. comparison with Master Capital Services Ltd highlights the major differences between two brokers. Find the best between ICICIDirect and MyValueTrade.

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ICICIDirect Vs MyValueTrade

  ICICIDirect MyValueTrade
Find more info about broker
ICICI Securities Pvt Ltd. Logo Master Capital Services Ltd 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 Master Capital Services Ltd
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX
Account Type 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.
Year of Incorporation 2000
Number of Branches 154
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ICICIDirect Vs MyValueTrade Charges

  ICICIDirect MyValueTrade
Trading Account Opening Fees ₹975 ₹555
Trading Account AMC ₹0 Nil
Demat Account Opening Fees ₹0 Nil
Demat Account AMC ₹450 ₹400
Demat Account is Mandatory? No No
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ICICIDirect Vs MyValueTrade Brokerage

Brokerage Plan 1

  ICICIDirect MyValueTrade
Account Type 3-in-1 Account (I-Secure Plan) Per Order Executed
Fixed Charges
Equity Delivery Brokerage 0.55% ₹10 per executed order
Equity Intraday Brokerage 0.275% ₹10 per executed order
Equity Futures Brokerage 0.05% to 0.03% ₹10 per executed order
Equity Options Brokerage ₹95 to ₹35 per lot ₹10 per executed order
Currency Futures Trading Brokerage 0.050% to 0.030% ₹10 per executed order
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹10 per executed order
Commodity Futures Trading Brokerage NA ₹10 per executed order
Commodity Options Trading Brokerage NA

Brokerage Plan 2

  ICICIDirect MyValueTrade
Account Type I-Saver Plan Fixed Monthly Plan
Fixed Charges ₹1000
Equity Delivery Brokerage 0.75% to 0.25% ₹0
Equity Intraday Brokerage 0.75% to 0.25% ₹0
Equity Futures Brokerage 0.05% to 0.03% ₹0
Equity Options Brokerage ₹95 to ₹65 per lot ₹0
Currency Futures Trading Brokerage 0.05% to 0.03% ₹0
Currency Options Trading Brokerage ₹95 to ₹65 per lot ₹0
Commodity Futures Trading Brokerage NA ₹0
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹35 per trade ₹10 or .01% whichever is lower
Other Brokerage Charges Call & Trade: ₹20 per executed order
Call & Trade Charges ₹25 per call after first 20 free calls per month
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ICICIDirect Vs MyValueTrade Taxes

  ICICIDirect MyValueTrade
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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ICICIDirect Vs MyValueTrade Transaction Charges

  ICICIDirect MyValueTrade
Equity Delivery NSE: 0.0031% | BSE: 0.0028% NSE ₹325 | BSE ₹325
Equity Intraday NSE: 0.0031% | BSE: 0.0028% NSE ₹325 | BSE ₹325
Equity Futures 0.0018% NSE ₹300 | BSE ₹150
Equity Options 0.05% on Premium NSE ₹6000 | BSE ₹3500
Currency Futures 0.0012% NSE ₹120 | BSE ₹100
Currency Options 0.05% on Premium NSE ₹4200 | BSE ₹1000
Commodity NA MCX ₹250
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ICICIDirect Vs MyValueTrade Exposure Margin

  ICICIDirect MyValueTrade
Equity Delivery 5x with Interest
Equity Intraday Upto 25x
Equity Futures 4x
Equity Options 2x for shorting
Currency Futures NA
Currency Options NA
Commodity Futures NA
Commodity Options
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ICICIDirect and MyValueTrade Feature Comparison

  ICICIDirect MyValueTrade
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App OMNESYS NEST
Intraday Square-off Time 3:30 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program
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ICICIDirect Vs MyValueTrade Review

  ICICIDirect MyValueTrade
  403 Customer Reviews    Rate ICICIDirect 9 Customer Reviews    Rate MyValueTrade
Fees Ratings 2.3 3.4
Trading Brokerage Rating 1.7 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 403 customer reviews MyValueTrade is Rated 3.8 / 5 based on 9 customer reviews
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Contact Broker / Request A Call Back

  ICICIDirect Enquire MyValueTrade Enquire
Contact Broker
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ICICIDirect Vs MyValueTrade Investment Options

  ICICIDirect MyValueTrade
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS Mutual Funds
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ICICIDirect Vs MyValueTrade Customer Service

  ICICIDirect MyValueTrade
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes No
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ICICIDirect Vs MyValueTrade Order Type Offered

  ICICIDirect MyValueTrade
Bracket Order No
Cover Order Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No
Good Till Cancelled (GTC) Yes
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ICICIDirect Vs MyValueTrade Research Report

  ICICIDirect MyValueTrade
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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ICICIDirect Vs MyValueTrade Suitable For Investor Type

  ICICIDirect MyValueTrade
Casual Investor Yes
Active Investor
Trader Yes
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ICICIDirect Vs MyValueTrade - Advantages and Disadvantages

  ICICIDirect MyValueTrade
Pros
  • 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
  • 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
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