Zerodha Vs My Value Trade

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Zerodha Vs My Value Trade comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.

We will talk at length in this detailed review for your reference.

Zerodha Vs My Value Trade Comparison

Here is a point by point comparison of Zerodha Vs My Value Trade.

Zerodha is one of the leading discount brokers in India which was founded in 2010. Discount brokers such as Zerodha charge a fixed amount at the transaction level and are independent of the size of the transaction.

It is one of the very few stockbrokers that provides reasonable values across trading platforms, customer education and low brokerage. The broker is based out of Bangalore.

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 Zerodha including Zerodha IPV is Online, be it – customer service, trading, account opening 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 Zerodha Vs 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

Zerodha Vs My Value Trade Details

Generally, the 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 stockbroking 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.

This is how both these stockbrokers stack up against each other:



	Zerodha Review	My Value Trade Review
OVERVIEW
Broker Type	Discount Broker	Discount Broker
Incorporated In the Year	2010	1985
Number of branches across India	11	1
Exchanges	BSE, NSE, MCX, MCX-SX	BSE, NSE, MCX, NCDEX
ACCOUNT CHARGES		NSE, BSE, MCX-SX
Trading Account Opening Charges	₹200 (₹300 if you want to Zerodha to courier account opening forms)	₹0
Trading Account Annual Maintenance Charges	₹0	₹400
Demat Account Opening Charges	₹100	₹555
Demat Account Annual Maintenance Charges	₹300	₹0
Transaction Charges	Zerodha Transaction Charges	My Value Trade Transaction Charges
BROKERAGE
Equity Delivery	₹0	₹10 per executed order
Intraday Delivery	0.01% or ₹20 per trade whichever is lower	₹10 per executed order
Equity Futures	0.01% or ₹20 per trade whichever is lower	₹10 per executed order
Equity Options	0.01% or ₹20 per trade whichever is lower	₹10 per executed order
Currency Futures	0.01% or ₹20 per trade whichever is lower	₹10 per executed order
Currency Options	0.01% or ₹20 per trade whichever is lower	₹10 per executed order
Commodity	0.01% or ₹20 per trade whichever is lower	₹10 per executed order
Calculate Brokerage	Zerodha Brokerage Calculator	My Value Trade Brokerage Calculator
EXPOSURE OR LEVERAGE
Equity	Upto 5 times for Intraday	Upto 5X Intraday
Equity Futures	Upto 5 times to 20 times for Intraday	Upto 2X Intraday
Equity Options	Upto 5 times to 20 times for Intraday	NA
Currency Futures	Upto 5 times for Intraday	Upto 2X Intraday
Currency Options	Upto 5 times for Intraday	NA
Commodities	Upto 5 times for Intraday	Upto 2X Intraday
Margin	Zerodha Margin
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
Customer Care	Zerodha Customer Care
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)	Zerodha Pi, Zerodha Kite, Zerodha Kite Mobile App, NEST Trader	MVT Trader, MVT Classic, MVT Mobile
Complaint Percentage of Active Clients	0.02%	0.01%
OVERALL RATING
	Get a Call Back	Get a Callback

*NSE Complaints Percentage: Lower is this number, Better is the broker.

Before we complete this comparison, we think one quick understanding of brokerage charges is important.

Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.

Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.

Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.

Also, check out some of the other stockbroker comparisons you might be interested in.

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

Furthermore, in case you are looking to get started with stock market trading or investments in general, let us assist you in taking the next steps forward.