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Nirmal Bang Vs My Value Trade – Share Brokers Comparison
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Nirmal Bang Vs My Value Trade
Here is a point by point comparison of Nirmal Bang Vs My Value Trade. Nirmal Bang is an oldie in full service broking segment in India with its operations starting in as early as 1986. This stock broking firm has a franchise count of more than 2000 across 360 cities of the country. One of the best parts of Nirmal Bang is that it allows free call and trade facility to its clients.
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.
Everything about discount brokers such as My Value Trade is internet based, be it – customer service, trading, account opening etc. Full service brokers such as Nirmal Bang, on the other hand, 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. 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 Nirmal Bang 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 | Nirmal Bang Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Full Service Broker |
| Incorporated In the Year | 1985 | 1986 |
| Number of branches across India | 1 | 2000 |
| Exchanges | NSE,BSE,MCX and NCDEX | NSE, BSE, MCX, NCDEX and MCX–SX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹400 | ₹200 |
| Demat Account Opening Charges | ₹555 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹0 |
| Transaction Charges | My Value Trade Transaction Charges | Nirmal Bang 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 | ₹35 per lot |
| Currency Futures | ₹10 per executed order | 0.02% |
| Currency Options | ₹10 per executed order | ₹20 per lot |
| Commodity | ₹10 per executed order | 0.01% |
| Brokerage Calculator | My Value Trade Brokerage Calculator | Nirmal Bang Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 5X Intraday | Upto 4 times for Delivery, upto 10 times for Intraday |
| Equity Futures | Upto 2X Intraday | Upto 4 times |
| Equity Options | NA | No Margins for Buying, Upto 2 times for Shorting |
| Currency Futures | Upto 2X Intraday | No Margins for Buying, Upto 2 times for Shorting |
| Currency Options | NA | Upto 3 times |
| Commodities | Upto 2X Intraday | Upto 3 times |
| 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, NB Trade, Beyond Mobile App, NB Back Office Mobile App |
| Total BSE+NSE Complaints | 25 | 129 |
| OVERALL RATING |  | |
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Summary
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Date
Broker Name
Nirmal Bang Vs My Value Trade
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