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Zerodha Vs MyValueTrade Share Broker Comparison

The side-by-side comparison of Zerodha and Master Capital Services Ltd stock brokers in India. The comparison below highlights the similarities and differences between Zerodha 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 Zerodha and MyValueTrade.

  Zerodha Master Capital Services Ltd
 
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.
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Stock Broker Fees / Charges

  Zerodha Master Capital Services Ltd
Trading Account Opening Fees ₹300 ₹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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Trading Brokerage Charges

Brokerage Plan 1

  Zerodha Master Capital Services Ltd
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 Master Capital Services Ltd
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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Taxes

  Zerodha 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

  Zerodha Master Capital Services Ltd
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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Exposure

  Zerodha Master Capital Services Ltd
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 Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
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Share Broker Features

  Zerodha Master Capital Services Ltd
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
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Broker Ratings (Average User Rating)

  Zerodha Master Capital Services Ltd
  330 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 3.7 stars Rated 3.8 stars
Broker Rating Zerodha is Rated 3.7 / 5 based on 330 customer reviews MyValueTrade is Rated 3.8 / 5 based on 9 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Master Capital Services Ltd
Contact / Request Call Back
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Investment Options Available

  Zerodha Master Capital Services Ltd
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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Customer Service Offered

  Zerodha Master Capital Services Ltd
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches No No
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Order Type

  Zerodha Master Capital Services Ltd
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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Research / Tips / Reports Published

  Zerodha Master Capital Services Ltd
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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Suitable for Investor Category

  Zerodha Master Capital Services Ltd
Casual Investor
Active Investor Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  Zerodha Master Capital Services Ltd
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 Useful Articles about Zerodha:
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