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My Value Trade Vs Upstox – Indian Share Brokers Comparison
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My Value Trade Vs Upstox
Here is a point by point comparison of My Value Trade Vs Upstox. 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.
On the other hand, RKSV (or Upstox) is a discount broker as well launched by 3 co-founders in 2012. Today, Upstox does a daily turnover of ₹5000 Crore with a customer base of around 20,000. The firm has been backed up by some of the prominent names such as Ratan Tata, Kalaari Capital and GVK Davix.
It can become very difficult to decide between two discount brokers who are almost similar in their propositions but still are different in areas that can make or break for customers. Thus, to make things easy for you, we have listed out the comparison between Upstox and 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.
 |  | |
| My Value Trade Review | Upstox Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Discount Broker |
| Incorporated In the Year | 1985 | 2012 |
| Number of branches across India | 1 | 3 |
| Exchanges | NSE,BSE,MCX and NCDEX | NSE, BSE, MCX and MCX – SX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹150 |
| Trading Account Annual Maintenance Charges | ₹400 | ₹0 |
| Demat Account Opening Charges | ₹555 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹150 |
| Transaction Charges | My Value Trade Transaction Charges | Upstox Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹10 per executed order | ₹0 |
| Intraday Delivery | ₹10 per executed order | ₹20 per executed order |
| Equity Futures | ₹10 per executed order | ₹20 per executed order |
| Equity Options | ₹10 per executed order | ₹20 per executed order |
| Currency Futures | ₹10 per executed order | ₹20 per executed order |
| Currency Options | ₹10 per executed order | ₹20 per executed order |
| Commodity | ₹10 per executed order | ₹20 per executed order |
| Brokerage Calculator | My Value Trade Brokerage Calculator | Upstox Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 5X Intraday | Upto 20 times Intraday |
| Equity Futures | Upto 2X Intraday | Upto 4 times for Intraday |
| Equity Options | NA | Upto 4 times for Intraday |
| Currency Futures | Upto 2X Intraday | Upto 4 times for Intraday |
| Currency Options | NA | Upto 4 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 | NEST, Upstox, Upstox Pro |
| Total BSE+NSE Complaints %age | 0.10% | 0.12% |
| OVERALL RATING |  | |
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My Value Trade Vs Upstox
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