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TradePlus Online Vs My Value Trade – Share Brokers Comparison
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TradePlus Online Vs My Value Trade
Here is a point by point comparison of TradePlus Online Vs My Value Trade. TradePlus Online is a discount broker and started as an Equity broker with NSE in 1995 and with BSE recently in 2010. It has a unique pricing model where it charges a fixed monthly fees for unlimited trading on trading segments including Currency, Options and Commodity. They are one of their own kind when it comes to using Social Media as they use Twitter to handle clients’ issues keeping TAT pretty quick and customer satisfaction high.
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. Everything about discount brokers such as My Value Trade and TradePlus Online 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 TradePlus Online 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.
Comparison
 |  | |
| My Value Trade Review | Trade Plus Online Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Discount Broker |
| Incorporated In the Year | 1985 | 1995 |
| Number of branches across India | 1 | 300 |
| Exchanges | NSE,BSE,MCX and NCDEX | NSE, BSE, MCX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹199 |
| Trading Account Annual Maintenance Charges | ₹400 | ₹499 (for 5 years) |
| Demat Account Opening Charges | ₹555 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹0 |
| Transaction Charges | My Value Trade Transaction Charges | TradePlus Online Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹10 per executed order | 0.1% |
| Intraday Delivery | ₹10 per executed order | 0.01% |
| Equity Futures | ₹10 per executed order | ₹799 per month for Unlimited trading or 0.01% whichever is lower |
| Equity Options | ₹10 per executed order | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Currency Futures | ₹10 per executed order | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Currency Options | ₹10 per executed order | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Commodity | ₹10 per executed order | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Brokerage Calculator | My Value Trade Brokerage Calculator | TradePlus Online Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 5X Intraday | 4 times for Delivery on Shares when VAR margin is less than 20% |
| Equity Futures | Upto 2X Intraday | NA |
| Equity Options | NA | Upto 2 times for Intraday |
| Currency Futures | Upto 2X Intraday | NA |
| Currency Options | NA | Upto 2 times for Intraday |
| Commodities | Upto 2X Intraday | Upto 2 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 On Web, Infini Trader, TradPlus Mobile |
| Total BSE+NSE Complaints | 25 | 140 |
| 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 TradePlus Online Vs My Value Trade for the benefits of other readers. Please feel free to share in the comments below.
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Summary
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Date
Broker Name
TradePlus Online Vs My Value Trade
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