Choice Broking Vs My Value Trade – Share Brokers Comparison
Choice Broking Vs My Value Trade
Here is a point by point comparison of Choice Broking Vs My Value Trade. 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 pretty low transaction charges. Choice Broking is a Mumbai based full service stock broker with a wide range of trading and investment products. Launched in the year 2010, the broker is known for multiple account opening and maintenance level plans providing a reasonable flexibility to its clients.
Full service brokers such as Choice Broking 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. Discount brokers such as My Value Trade offer trading services at much cheaper brokerage rates and reasonable customer service. 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 Choice Broking Vs My Value Trade to help you find which of the two suits your needs better. The comparison is made on 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.
Comparison
My Value Trade Review | Choice Broking Review | |
OVERVIEW | ||
Broker Type | Discount Broker | Full Service Broker |
Incorporated In the Year | 1985 | 2010 |
Number of branches across India | 1 | 75 |
Exchanges | NSE,BSE,MCX and NCDEX | NSE, BSE, MCX, MCX-SX |
ACCOUNT CHARGES | ||
Trading Account Opening Charges | ₹0 | ₹200 + ₹500 for PoA |
Trading Account Annual Maintenance Charges | ₹400 | ₹0 |
Demat Account Opening Charges | ₹555 | ₹0 |
Demat Account Annual Maintenance Charges | ₹0 | ₹0 |
Transaction Charges | My Value Trade Transaction Charges | Choice Broking Transaction Charges |
BROKERAGE | ||
Equity Delivery | ₹10 per executed order | 0.2% |
Intraday Delivery | ₹10 per executed order | 0.02% |
Equity Futures | ₹10 per executed order | 0.02% |
Equity Options | ₹10 per executed order | ₹50 per lot |
Currency Futures | ₹10 per executed order | ₹10 per lot |
Currency Options | ₹10 per executed order | ₹10 per lot |
Commodity | ₹10 per executed order | 0.02% |
Brokerage Calculator | My Value Trade Brokerage Calculator | Choice Broking Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 5X Intraday | Upto 10 times for Intraday, 2 times for Delivery |
Equity Futures | Upto 2X Intraday | 3 times for Intraday |
Equity Options | NA | 2 times for Intraday |
Currency Futures | Upto 2X Intraday | 2 times for Intraday |
Currency Options | NA | 2 times for Intraday |
Commodities | Upto 2X Intraday | 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 | ODIN Diet, Choice Index Mobile App, Choice Investica |
Complaints percentage | 0.09% | 0.23% |
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 Choice Broking Vs My Value Trade for the benefits of other readers. Please feel free to share in the comments below.
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