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ICICIDirect Vs MyValueTrade Share Broker Comparison

The side-by-side comparison of ICICI Securities Pvt Ltd. and Master Capital Services Ltd 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. Master Capital Services Ltd
 
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.
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Stock Broker Fees / Charges

  ICICI Securities Pvt Ltd. Master Capital Services Ltd
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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Trading Brokerage Charges

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Master Capital Services Ltd
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

  ICICI Securities Pvt Ltd. Master Capital Services Ltd
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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Taxes

  ICICI Securities Pvt Ltd. Master Capital Services Ltd
Securities Transaction Tax (STT)
  • 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 Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  ICICI Securities Pvt Ltd. Master Capital Services Ltd
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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Exposure

  ICICI Securities Pvt Ltd. Master Capital Services Ltd
Equity Delivery 5x with Interest
Equity Intraday Upto 25x
Equity Futures 4x
Equity Options 2x for shorting
Currency Futures NA
Currency Options NA
Commodity NA
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Share Broker Features

  ICICI Securities Pvt Ltd. Master Capital Services Ltd
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
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Broker Ratings (Average User Rating)

  ICICI Securities Pvt Ltd. Master Capital Services Ltd
  400 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 400 customer reviews MyValueTrade is Rated 3.8 / 5 based on 9 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Master Capital Services Ltd
Contact / Request Call Back
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Investment Options Available

  ICICI Securities Pvt Ltd. Master Capital Services Ltd
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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Customer Service Offered

  ICICI Securities Pvt Ltd. Master Capital Services Ltd
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes No
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Order Type

  ICICI Securities Pvt Ltd. Master Capital Services Ltd
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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Research / Tips / Reports Published

  ICICI Securities Pvt Ltd. Master Capital Services Ltd
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  ICICI Securities Pvt Ltd. Master Capital Services Ltd
Casual Investor Yes
Active Investor
Trader Yes

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Pros, Cons and Other Review Comments

  ICICI Securities Pvt Ltd. Master Capital Services Ltd
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
Promo / Offers

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

Interested in opening a trading account? Request Callback from a stock broker.

Enquire about ICICIDirect Enquire about MyValueTrade
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