Reliance Securities Vs My Value Trade – Stock Brokers Comparison

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Reliance Securities Vs My Value Trade

Here is a point by point comparison of Reliance Securities Vs My Value Trade. Reliance Securities is the trading arm of Reliance Capital. It was founded in the year 2006 and currently has a customer base of 7 lakh with a presence in over 1700 branches. My Value Trade, on the other hand, 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 and so on. Full service brokers such as Reliance Securities 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 Reliance 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.



	Reliance Securities Review	My Value Trade Review
OVERVIEW
Broker Type	Full Service Broker	Discount Broker
Incorporated In the Year	2006	1985
Number of branches across India	1700	1
Exchanges	NSE, BSE, & MCX-SX	NSE,BSE,MCX and NCDEX
ACCOUNT CHARGES
Trading Account Opening Charges	₹950	₹0
Trading Account Annual Maintenance Charges	₹0	₹400
Demat Account Opening Charges	₹0	₹555
Demat Account Annual Maintenance Charges	₹400	₹0
Transaction Charges	Reliance Securities Transaction Charges	My Value Trade Transaction Charges
BROKERAGE
Equity Delivery	0.5% to 0.08%	₹10 per executed order
Intraday Delivery	0.05% to 0.005%	₹10 per executed order
Equity Futures	0.05% to 0.005%	₹10 per executed order
Equity Options	₹7 to ₹10 per lot	₹10 per executed order
Currency Futures	0.04%	₹10 per executed order
Currency Options	₹40 per lot	₹10 per executed order
Commodity	NA	₹10 per executed order
Calculate Brokerage	Reliance Securities Brokerage Calculator	My Value Trade Brokerage Calculator
EXPOSURE OR LEVERAGE
Equity	Upto 10 times for Intraday, Upto 3 times for Delivery	Upto 5X Intraday
Equity Futures	Upto 3 times for Intraday	Upto 2X Intraday
Equity Options	No Leverage	NA
Currency Futures	No Leverage	Upto 2X Intraday
Currency Options	No Leverage	NA
Commodities	NA	Upto 2X 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)	InstaExpress	MVT Trader, MVT Classic, MVT Mobile
Total BSE+NSE Complaints	69	25
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 Reliance Securities Vs My Value Trade for the benefits of other readers. Please feel free to share in the comments below.

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