My Value Trade Vs Fyers – Stock Brokers Comparison

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My Value Trade Vs Fyers

Here is a detailed layout of My Value Trade Vs Fyers point by point. My Value Trade has been an oldie in Discount Broking in India and was launched back in 1985. My Value Trade has a reasonable amount of customer base and charges reasonably low per transaction charges. FYERS is also a discount broker launched recently in April 2015. It stands for “Focus Your Energy & Reform the Self” and is known for its advanced trading platforms with different unique features.

Everything about discount brokers such as My Value Trade and Fyers is Online, be it – customer service, trading, account opening and so on. Both the brokers being Discount oriented, selecting one of them can be tough and confusing. At the same time, choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.

To make things easy for you, we have listed out the comparison between Fyers and My Value Trade to help you find which of the two suits your needs better. The comparison is made on various aspects such as:

Company Overview
Account Opening Charges
Brokerage
Exposure or Leverages
Research
Trading Platforms
Other Features

Generally above mentioned aspects are good enough to make a decision based on your preferences, but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs and which one to go for.



	My Value Trade Review	Fyers Review
OVERVIEW
Broker Type	Discount Broker	Discount Broker
Incorporated In the Year	1985	2015
Number of branches across India	1	1
Exchanges	NSE,BSE,MCX and NCDEX	BSE, NSE
ACCOUNT CHARGES
Trading Account Opening Charges	₹0	₹0
Trading Account Annual Maintenance Charges	₹400	₹0
Demat Account Opening Charges	₹555	₹0
Demat Account Annual Maintenance Charges	₹0	₹400
Transaction Charges	My Value Trade Transaction Charges	Fyers Transaction Charges
BROKERAGE
Equity Delivery	₹10 per executed order	₹20 per executed order
Intraday Delivery	₹10 per executed order	₹20 per executed order
Equity Futures	₹10 per executed order	₹20 per executed order
Equity Options	₹10 per executed order	₹20 per executed order
Currency Futures	₹10 per executed order	₹20 per executed order
Currency Options	₹10 per executed order	₹20 per executed order
Commodity	₹10 per executed order	NA
Brokerage Calculator	My Value Trade Brokerage Calculator	Fyers Brokerage Calculator
EXPOSURE OR LEVERAGE
Equity	Upto 5X Intraday	Upto 15 times for Intraday, 3 to 5 times for Delivery
Equity Futures	Upto 2X Intraday	Upto 5 times
Equity Options	NA	Upto 5 times
Currency Futures	Upto 2X Intraday	Upto 5 times
Currency Options	NA	Upto 5 times
Commodities	Upto 2X Intraday	NA
RESEARCH
Daily Market Reports
Tips/Recommendations
Quarterly Analysis
News Alerts
TRADING SEGMENTS
Equity
Mutual Funds
IPOs
Currency
Commodity
CUSTOMER SERVICE OPTIONS
Email Support
Live Chat
Phone
Toll Free Number
Offline Branches
FEATURES
Mobile Trading
Orders Accepted After Trading Hours
Charting
SMS Alerts
Robo Advisory
Automated Trading
Market Tips
Margin Funding
Relationship Managers
3 in 1 Account
Trading Platform(s)	MVT Trader, MVT Classic, MVT Mobile	FYERS One, FYERS Markets, FYERS Web Trader
Total BSE+NSE Complaints	25	38
OVERALL RATING
	Get a Callback	Get a Callback

Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with My Value Trade Vs Fyers for the benefits of other readers. Please feel free to share in the comments below.

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