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Sharekhan Vs My Value Trade
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Sharekhan Vs My Value Trade is one of the top stockbroker comparisons traders look for. Here is the comparison with respect to Brokerage, Customer Service, Trading Platforms etc.
This comparison article also provides a video comparison between Sharekhan Vs My Value Trade so that you get a 360-degree view about which broker to go ahead with.
Here is a point by point comparison of Sharekhan Vs My Value Trade.
Sharekhan is one of India’s leading full-service brokers. Founded back in the year 2000 and today with its presence in more than 575 cities of India, Sharekhan ranks second in retail stockbroking in India. The stockbroker has been recently sold out to BNP Paribas for INR 2000 crore.
My Value Trade, on the other hand, has been an oldie in Discount Brokers space in India and was launched 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 is Online, be it – customer service, trading, account opening and so on. Full-service brokers such as Sharekhan will help you, spoon feed you, handhold you through the process, even if you need 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 Sharekhan 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
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 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.
 |  | |
| My Value Trade Review | Sharekhan Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Full Service Broker |
| Incorporated In the Year | 1985 | 2000 |
| Number of branches across India | 1 | 1950 |
| Exchanges | NSE,BSE,MCX and NCDEX | BSE, NSE, MCX, NCDEX, NSEL |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹750 |
| Trading Account Annual Maintenance Charges | ₹400 | ₹0 |
| Demat Account Opening Charges | ₹555 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹450 |
| Transaction Charges | My Value Trade Transaction Charges | Sharekhan Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹10 per executed order | 0.5% |
| Intraday Delivery | ₹10 per executed order | 0.1% |
| Equity Futures | ₹10 per executed order | 0.1% |
| Equity Options | ₹10 per executed order | INR 100 or 2.5% on Premium (whichever is higher of the two) |
| Currency Futures | ₹10 per executed order | 0.1% |
| Currency Options | ₹10 per executed order | INR 100 or 2.5% on Premium (whichever is higher of the two) |
| Commodity | ₹10 per executed order | 0.1% |
| Calculate Brokerage | My Value Trade Brokerage Calculator | Sharekhan Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 5X Intraday | Upto 10 Times for Intraday & 5 Times for Delivery |
| Equity Futures | Upto 2X Intraday | Upto 2 times for Intraday |
| Equity Options | NA | No Leverage |
| Currency Futures | Upto 2X Intraday | No Leverage |
| Currency Options | NA | No Leverage |
| Commodities | Upto 2X Intraday | Upto 2 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| Research | Sharekhan Research | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| Customer Care | Sharekhan 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) | MVT Trader, MVT Classic, MVT Mobile | Trade Tiger, Sharekhan Mobile Trading App, Sharekhan Mini |
| Complaint Percentage of Active Clients | 0.10% | 0.01% |
| Complaints | Sharekhan Complaints | |
| OVERALL RATING |  |  |
*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.
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 Sharekhan 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.
Summary
Reviewer
A Digital Blogger
Date
Broker Name
Sharekhan Vs My Value Trade
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