Shriram Insight Vs My Value Trade – Share Brokers Comparison
Shriram Insight Vs My Value Trade
Here is a point by point comparison of Shriram Insight Vs My Value Trade. 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. Shriram Insight, is a full service stock broker with a presence in around 700 different locations across India. The broker provides free account opening with reasonable brokerage rates but the quality of its service and research can be improved.
Discount brokers such as My Value Trade offer trading services at much cheaper brokerage rates and reasonable customer service. On the other hand, Full service brokers such as Shriram Insight 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 Shriram Insight 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
Shriram Insight Review | My Value Trade Review | |
OVERVIEW | ||
Broker Type | Full Service Stock Broker | Discount Broker |
Incorporated In the Year | 1974 | 1985 |
Number of branches across India | 700 | 1 |
Exchanges | NSE, BSE, MCX, RCL | NSE,BSE,MCX and NCDEX |
ACCOUNT CHARGES | ||
Trading Account Opening Charges | ₹0 | ₹0 |
Trading Account Annual Maintenance Charges | ₹0 | ₹400 |
Demat Account Opening Charges | ₹290 | ₹555 |
Demat Account Annual Maintenance Charges | ₹0 | ₹0 |
Transaction Charges | Shriram Insights Transaction Charges | My Value Trade Transaction Charges |
BROKERAGE | ||
Equity Delivery | 0.3% | ₹10 per executed order |
Intraday Delivery | 0.03% | ₹10 per executed order |
Equity Futures | 0.03% | ₹10 per executed order |
Equity Options | ₹50 per contract | ₹10 per executed order |
Currency Futures | 0.03% | ₹10 per executed order |
Currency Options | ₹50 per contract | ₹10 per executed order |
Commodity | 0.03% | ₹10 per executed order |
Brokerage Calculator | Shriram Insight Brokerage Calculator | My Value Trade Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Intraday upto 2 times | Upto 5X Intraday |
Equity Futures | Same as margin | Upto 2X Intraday |
Equity Options | Same as margin | NA |
Currency Futures | Same as margin | Upto 2X Intraday |
Currency Options | Same as margin | NA |
Commodities | Same as margin | Upto 2X 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) | NetPro Desktop, NetPro Browser, Mobile App | MVT Trader, MVT Classic, MVT Mobile |
Total BSE+NSE Complaints Percentage | 0.05% | 0.09% |
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 Shriram Insight Vs My Value Trade for the benefits of other readers. Please feel free to share in the comments below.
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