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My Value Trade Vs Religare – Share Brokers Comparison
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My Value Trade Vs Religare
Here is a point by point comparison of My Value Trade Vs Religare. Religare Securities, a subsidiary of Religare Enterprises Limited is a full service broker with more than 8 Lakh clients from more than 500 cities of India. It allows its clients to trade across different segments such as Equity, Derivatives, commodities, currency etc. 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.
Everything about discount brokers such as My Value Trade is Online. be it – customer service, trading, account opening etc. Full service brokers such as Religare Securities, on the other hand, will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on. 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 Religare Securities 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.
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| My Value Trade Review | Religare Securities Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Full Service Broker |
| Incorporated In the Year | 1985 | 1994 |
| Number of branches across India | 1 | 500 |
| Exchanges | NSE,BSE,MCX and NCDEX | NSE, BSE, MCX-SX, MCX & NCDEX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹500 |
| Trading Account Annual Maintenance Charges | ₹400 | ₹0 |
| Demat Account Opening Charges | ₹555 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹300 |
| Transaction Charges | My Value Trade Transaction Charges | Religare Securities Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹10 per executed order | 0.5% |
| Intraday Delivery | ₹10 per executed order | 0.05% |
| Equity Futures | ₹10 per executed order | 0.05% |
| Equity Options | ₹10 per executed order | ₹70 per lot |
| Currency Futures | ₹10 per executed order | 0.05% |
| Currency Options | ₹10 per executed order | ₹30 per lot |
| Commodity | ₹10 per executed order | 0.05% |
| Brokerage Calculator | My Value Trade Brokerage Calculator | Religare Securities Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 5X Intraday | Upto 10 times Intraday, Upto 4 times delivery @interest |
| Equity Futures | Upto 2X Intraday | Upto 3 times for Intraday |
| Equity Options | NA | Buying no Leverage, shorting upto 3 times for Intraday |
| Currency Futures | Upto 2X Intraday | Upto 2 times for Intraday |
| Currency Options | NA | Buying no Leverage, shorting upto 2 times for Intraday |
| Commodities | Upto 2X Intraday | Upto 3 times for Intraday |
| 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 | Religare Online, Trade On the Go, ODIN |
| Total BSE+NSE Complaints | 25 | 139 |
| OVERALL RATING |  |  |
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 Religare for the benefits of other readers. Please feel free to share in the comments below.
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Date
Broker Name
My Value Trade Vs Religare
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