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Prostocks Vs My Value Trade – Stock Brokers Comparison
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Prostocks Vs My Value Trade
Here is a point by point comparison of Prostocks Vs My Value Trade. Prostocks, relatively a new entrant into the Indian stock market, is a discount broker that charges a flat fee per transaction from the customers. This stock broking firm was founded recently in February 2016. 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 and Prostocks 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 Prostocks 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.
 |  | |
| Prostocks Review | My Value Trade Review | |
| Broker Type | Discount Broker | Discount Broker |
| Incorporated In the Year | 2016 | 1985 |
| Number of branches across India | 2 | 1 |
| Exchanges | BSE, NSE | NSE,BSE,MCX and NCDEX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹300 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹400 |
| Demat Account Opening Charges | ₹0 | ₹555 |
| Demat Account Annual Maintenance Charges | ₹1000 (Refundable) | ₹0 |
| Transaction Charges | Prostocks Transaction Charges | My Value Trade Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹15 per executed trade | ₹10 per executed order |
| Intraday Delivery | ₹15 per executed trade | ₹10 per executed order |
| Equity Futures | ₹15 per executed trade | ₹10 per executed order |
| Equity Options | ₹15 per executed trade | ₹10 per executed order |
| Currency Futures | ₹15 per executed trade | ₹10 per executed order |
| Currency Options | ₹15 per executed trade | ₹10 per executed order |
| Commodity | NA | ₹10 per executed order |
| Calculate Brokerage | Prostocks Brokerage Calculator | My Value Trade Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 7 times & Delivery upto 1 time | Upto 5X Intraday |
| Equity Futures | Upto 1.5 times | Upto 2X Intraday |
| Equity Options | Upto 1.5 times | NA |
| Currency Futures | NA | Upto 2X Intraday |
| Currency Options | NA | 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) | ProStocks Web, ProStocks Mobile and ProStocks Desktop | MVT Trader, MVT Classic, MVT Mobile |
| Complaints Percentage of Active Clients | 0.15% | 0.09% |
| 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 Prostocks Vs My Value Trade for the benefits of other readers. Please feel free to share in the comments below.
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Summary
Reviewer
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Date
Broker Name
Prostocks Vs My Value Trade
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