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MyValueTrade Vs Fyers (Compare MyValueTrade and Fyers)

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

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

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

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MyValueTrade Vs Fyers

  Master Capital Services Ltd Fyers Securities Ltd
 
Master Capital Services Ltd Logo Fyers Securities Ltd Logo
About the Broker 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 Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representi... Know more about Fyers Securities Ltd
Type of Broker Discount Broker Discount Broker
Supported Exchnage BSE, NSE, MCX NSE, MCX
Account Type Per Order Executed Flat Fee Brokerage Plan
Broker Enquiry Open an Online Trading Account with MyValueTrade. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Fyers. Leave your contact info and we will get in touch with you.
Year of Incorporation 2015
Number of Branches 1
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MyValueTrade Vs Fyers Charges

  Master Capital Services Ltd Fyers Securities Ltd
Trading Account Opening Fees ₹555 ₹0 (Free)
Trading Account AMC Nil ₹0 (Free)
Demat Account Opening Fees Nil ₹0 (Free)
Demat Account AMC ₹400 ₹400
Demat Account is Mandatory? No No
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MyValueTrade Vs Fyers Brokerage

Brokerage Plan 1

  Master Capital Services Ltd Fyers Securities Ltd
Account Type Per Order Executed Flat Fee Brokerage Plan
Fixed Charges
Equity Delivery Brokerage ₹10 per executed order ₹0 (Free)
Equity Intraday Brokerage ₹10 per executed order ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹10 per executed order ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹10 per executed order ₹20 per executed order
Currency Futures Trading Brokerage ₹10 per executed order ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹10 per executed order ₹20 per executed order
Commodity Futures Trading Brokerage ₹10 per executed order NA
Commodity Options Trading Brokerage

Brokerage Plan 2

  Master Capital Services Ltd Fyers Securities Ltd
Account Type Fixed Monthly Plan Flat Fee Brokerage Plan
Fixed Charges ₹1000 NA
Equity Delivery Brokerage ₹0 ₹0 (Free)
Equity Intraday Brokerage ₹0 ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹0 ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹0 ₹20 per executed order
Currency Futures Trading Brokerage ₹0 ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹0 ₹20 per executed order
Commodity Futures Trading Brokerage ₹0 NA
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹10 or .01% whichever is lower
Other Brokerage Charges Call & Trade: ₹20 per executed order Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments)
Call & Trade Charges ₹20 per trade
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MyValueTrade Vs Fyers Taxes

  Master Capital Services Ltd Fyers Securities 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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MyValueTrade Vs Fyers Transaction Charges

  Master Capital Services Ltd Fyers Securities Ltd
Equity Delivery NSE ₹325 | BSE ₹325 ₹325 per crore (0.00325%)
Equity Intraday NSE ₹325 | BSE ₹325 ₹325 per crore (0.00325%)
Equity Futures NSE ₹300 | BSE ₹150 ₹240 per crore (0.0024%)
Equity Options NSE ₹6000 | BSE ₹3500 ₹5900 per crore (on premium) (0.059%)
Currency Futures NSE ₹120 | BSE ₹100 ₹240 per crore (0.0024%)
Currency Options NSE ₹4200 | BSE ₹1000 ₹5900 per crore (on premium) (0.059%)
Commodity MCX ₹250 NA
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MyValueTrade Vs Fyers Exposure Margin

  Master Capital Services Ltd Fyers Securities Ltd
Equity Delivery 1 times
Equity Intraday Up to 16x (based on the stock)
Equity Futures Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x
Currency Futures Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling)
Commodity NA
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MyValueTrade and Fyers Feature Comparison

  Master Capital Services Ltd Fyers Securities Ltd
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio No Yes
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform OMNESYS NEST Fyers One (In-house build)
Intraday Square-off Time 3:20 PM
Other Features Brokerage free thematic investing is available
Referral Program Yes
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MyValueTrade Vs Fyers Review

  Master Capital Services Ltd Fyers Securities Ltd
  9 Customer Reviews    Rate MyValueTrade 8 Customer Reviews    Rate Fyers
Fees Ratings 3.4 3.1
Trading Brokerage Rating 4.4 3.9
Trading Platform Usability 3.8 3.0
Customer Service Ratings 3.8 4.0
Overall Ratings Rated 3.8 stars Rated 3.6 stars
Broker Rating MyValueTrade is Rated 3.8 / 5 based on 9 customer reviews Fyers is Rated 3.6 / 5 based on 8 customer reviews
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Contact Broker / Request A Call Back

  Master Capital Services Ltd Fyers Securities Ltd
Contact / Request Call Back
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MyValueTrade Vs Fyers Investment Options

  Master Capital Services Ltd Fyers Securities Ltd
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options Mutual Funds
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MyValueTrade Vs Fyers Customer Service

  Master Capital Services Ltd Fyers Securities Ltd
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches No No
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MyValueTrade Vs Fyers Order Type Offered

  Master Capital Services Ltd Fyers Securities Ltd
Bracket Order Yes
Cover Order Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No
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MyValueTrade Vs Fyers Research Report

  Master Capital Services Ltd Fyers Securities Ltd
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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MyValueTrade Vs Fyers Suitable For Investor Type

  Master Capital Services Ltd Fyers Securities Ltd
Casual Investor
Active Investor Yes
Trader Yes Yes
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MyValueTrade Vs Fyers - Advantages and Disadvantages

  Master Capital Services Ltd Fyers Securities Ltd
Pros
  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...

  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum ₹20 per trade.
  • No software charges.
  • State of art trading platforms.
  • Thematic investment is available
  • Refer your friends and earn 20% of the revenues generated by your friends, for life!

More Advantages...

Cons

More Disadvantages...

  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.

More Disadvantages...

Reviews
Promo / Offers

Fyers offer FREE Trading Account (₹0 account opening fee). Equity delivery trades are FREE (no brokerage), for other segments you pay ₹20 per trade flat broekrage fee.

This is a limited time offer. Simply leave your contact information with us and Fyers representatives will contact you.

Enquire about MyValueTrade Enquire about Fyers
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