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
	Get a Callback	Get a Call Back

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 My Value Trade Vs Upstox for the benefits of other readers. Please feel free to share in the comments below. Your experiences can work as learning for others.

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