My Value Trade Vs Interactive Brokers – Indian Share Brokers Comparison
My Value Trade Vs Interactive Brokers
Here is a point by point comparison of My Value Trade Vs Interactive Brokers. My Value TradeĀ 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. Interactive Brokers is actually a US based stock broking company and has a discount broking arm based out of Mumbai as well. With 1100+ employees globally, the broker has presence in 100+ countries and was introduced in India in 2009. However, this discount broker offers limited range of trading and investment products.
Everything about discount brokers such as Interactive Brokers or My Value Trade is internet based, be it – customer service, trading, account opening etc. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market, your long and short term plans of investing or trading and so on.
To make things easy for you, we have listed out the comparison between My Value Trade Vs Interactive Brokers 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
Interactive Brokers Review | My Value Trade Review | |
OVERVIEW | ||
Broker Type | Discount Broker | Discount Broker |
Incorporated In the Year | 1977 | 1985 |
Number of branches across India | 1 | 1 |
Exchanges | NSE, BSE | NSE,BSE,MCX and NCDEX |
ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
Trading Account Opening Chargesļ»æ | ā¹0 | ā¹0 |
Trading Account Annual Maintenance Charges | ā¹0 (Monthly ā¹200 brokerage must be generated otherwise the differential amount will be levied) | ā¹400 |
Demat Account Opening Charges | ā¹0 | ā¹555 |
Demat Account Annual Maintenance Charges | ā¹0 | ā¹0 |
Transaction Charges | Interactive Brokers Transaction Charges | My Value Trade Transaction Charges |
BROKERAGE | ||
Equity Delivery | ā¹6 to ā¹20 per executed trade | ā¹10 per executed order |
Intraday Delivery | ā¹6 to ā¹20 per executed trade | ā¹10 per executed order |
Equity Futures | ā¹6 to ā¹20 per executed trade | ā¹10 per executed order |
Equity Options | ā¹6 to ā¹20 per executed trade | ā¹10 per executed order |
Currency Futures | ā¹6 to ā¹20 per executed trade | ā¹10 per executed order |
Currency Options | ā¹6 to ā¹20 per executed trade | ā¹10 per executed order |
Commodity | NA | ā¹10 per executed order |
Brokerage Calculator | My Value Trade Brokerage Calculator | |
EXPOSURE OR LEVERAGE | ||
Equity | 4 times for intraday, 2 times for delivery | Upto 5X Intraday |
Equity Futures | Upto 3 times Intraday | Upto 2X Intraday |
Equity Options | Buying No Leverage, Shorting Upto 3 times | NA |
Currency Futures | Upto 2 times Intraday | Upto 2X Intraday |
Currency Options | Buying No Leverage, Shorting Upto 2 times | NA |
Commodities | NA | 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) | IB Trader Workstation, IB TWS, IB WebTrader | MVT Trader, MVT Classic, MVT Mobile |
Total BSE+NSE Complaints | 0.04% | 25 |
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 My Value Trade Vs Interactive Brokers for the benefits of other readers. Please feel free to share in the comments below.
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