Free Trading + Demat Account

Zerodha Vs MyValueTrade (Compare Zerodha and MyValueTrade)

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

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

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

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Zerodha Vs MyValueTrade

  Zerodha MyValueTrade
Find more info about broker
Zerodha Logo Master Capital Services Ltd Logo
About the Broker Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed... Know more about Zerodha 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 Discount Broker Discount Broker
Supported Exchnage NSE, BSE, MCX and NCDEX BSE, NSE, MCX
Account Type Standard Plan Per Order Executed
Broker Enquiry Open an Online Trading Account with Zerodha. 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 2010
Number of Branches 22
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Zerodha Vs MyValueTrade Charges

  Zerodha MyValueTrade
Trading Account Opening Fees ₹200 ₹555
Trading Account AMC ₹0 (Free) Nil
Demat Account Opening Fees ₹100 Nil
Demat Account AMC ₹300 ₹400
Demat Account is Mandatory? No No
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Zerodha Vs MyValueTrade Brokerage

Brokerage Plan 1

  Zerodha MyValueTrade
Account Type Standard Plan Per Order Executed
Fixed Charges
Equity Delivery Brokerage ₹0 (Free) ₹10 per executed order
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower ₹10 per executed order
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower ₹10 per executed order
Equity Options Brokerage ₹20 per executed order or .01% whichever is lower ₹10 per executed order
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹10 per executed order
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹10 per executed order
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹10 per executed order
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Brokerage Plan 2

  Zerodha MyValueTrade
Account Type Standard Plan Fixed Monthly Plan
Fixed Charges ₹1000
Equity Delivery Brokerage ₹0 (Free) ₹0
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower ₹0
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower ₹0
Equity Options Brokerage ₹20 per executed order or .01% whichever is lower ₹0
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹0
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹0
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹0
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Other Charges

Minimum Brokerage Charges ₹0 ₹10 or .01% whichever is lower
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS Call & Trade: ₹20 per executed order
Call & Trade Charges ₹20 per executed order
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Zerodha Vs MyValueTrade Taxes

  Zerodha 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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Zerodha Vs MyValueTrade Transaction Charges

  Zerodha MyValueTrade
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 | BSE ₹325
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹325 | BSE ₹325
Equity Futures NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side) NSE ₹300 | BSE ₹150
Equity Options NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium) NSE ₹6000 | BSE ₹3500
Currency Futures NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) NSE ₹120 | BSE ₹100
Currency Options NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium) NSE ₹4200 | BSE ₹1000
Commodity Group A - ₹260 per Cr (0.0026%) MCX ₹250
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Zerodha Vs MyValueTrade Exposure Margin

  Zerodha MyValueTrade
Equity Delivery 1x (no margin)
Equity Intraday Up to 20x (based on the stock)
Equity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
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)
Commodity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity Options
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Zerodha and MyValueTrade Feature Comparison

  Zerodha MyValueTrade
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No No
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile OMNESYS NEST
Intraday Square-off Time 3:10 PM
Other Features Direct Mutual Funds, APIs
Referral Program Yes
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Zerodha Vs MyValueTrade Review

  Zerodha MyValueTrade
  354 Customer Reviews    Rate Zerodha 9 Customer Reviews    Rate MyValueTrade
Fees Ratings 3.8 3.4
Trading Brokerage Rating 4.4 4.4
Trading Platform Usability 3.6 3.8
Customer Service Ratings 3.5 3.8
Overall Ratings Rated 3.8 stars Rated 3.8 stars
Broker Rating Zerodha is Rated 3.8 / 5 based on 354 customer reviews MyValueTrade is Rated 3.8 / 5 based on 9 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Enquire MyValueTrade Enquire
Contact Broker
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Zerodha Vs MyValueTrade Investment Options

  Zerodha MyValueTrade
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options Mutual Funds
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Zerodha Vs MyValueTrade Customer Service

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

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

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

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

  Zerodha MyValueTrade
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms made available for free to all its customers.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • 10% referral credit for reffering new customers.
  • Direct Mutual Fund Investment is available.
  • Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.

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
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, Bond and NCD's public offers.
  • Margin funding is not available.
  • GTC/GTD not available in Equity.

More Disadvantages...

More Disadvantages...

Reviews
Promo / Offers

Truly free equity delivery trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.

Enquire Zerodha Enquire MyValueTrade
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