MyValueTrade Review and Brokerage Information


 

  “MyValueTrade Review

MyValueTrade is subsidiary of Master Trust Group incorporated in 1985. It started the discount brokerage service in August 2014. Because of its large client base, it is able to exceed the turnover of more than 4500+ Crores per day. MyValueTrade offers services across all the segments like equity, currencies, derivatives and commodities on BSE, NSE and MCX exchanges.


Update: MyValueTrade is offering Rs200/- discount on Account Opening Fee of Rs555!. To avail this offer click Here

MyValueTrade Offer


  MyValueTrade Brokerage Charges

MyValueTrade offers two types of Brokerage plans, Per Order Executed Plan and Fixed Brokerage Plan

1) Per Order Executed Plan

MyValueTrade
Charges
Equity DeliveryEquity IntradayFuturesOptionsCurrency FuturesCurrency OptionsCommodity
BrokerageRs 10 Rs 10 Rs 10 Rs 10 Rs 10 Rs 10 Rs 10
STT0.1% on Both Buy & Sell Side0.025% on Sell Side0.017% on Sell Side0.017% on Sell Side (premium)No STTNo STT0.01% on Sell Side
Transaction ChargesNSE/BSE: 0.00325%NSE/BSE: 0.00325%NSE: 0.003%
BSE: 0.015%
NSE:0.06%
BSE:0035% (on premium)
NSE:0.0012%
BSE:0.001%
NSE:0.042%
BSE:0.01%(on Premium)
0.0025%
Service Tax14%on (Brokerage+ Transaction Charges)14%on (Brokerage+ Transaction Charges)14%on (Brokerage+ Transaction Charges)14%on (Brokerage+ Transaction Charges)14%on (Brokerage+ Transaction Charges)14%on (Brokerage+ Transaction Charges)14%on (Brokerage+ Transaction Charges)
Education Cess2% on Service Tax2% on Service Tax2% on Service Tax2% on Service Tax2% on Service Tax2% on Service Tax2% on Service Tax
Higher Education Ces1% on Service Tax1% on Service Tax1% on Service Tax1% on Service Tax1% on Service Tax1% on Service Tax1% on Service Tax
SEBI ChargesRs 20/CroreRs 20/CroreRs 20/CroreRs 20/CroreRs 20/CroreRs 20/CroreRs 0

Pay only when you trade. Rs 10 is charged per executed order irrespective of the Order size. This is similar to other discount brokers like Zerodha (Zerodha Review) or  RKSV (RKSV Review)

Some of the salient features of this plans are

  • Trade in All Segments
  • No Wrapped up Charges
  • No Turnover Commitments

2) Fixed Brokerage Plan 

MyValueTrade has fixed monthly Brokerage plan and yearly plan as well. On can do unlimited trades across equity, derivatives, currency, and commodity for fixed brokerage charges

  • Per Month Plan Charges : Rs 1,000/-
  • Per Year Plan Charges :  Rs 10,000/-

  MyValueTrade Trading Platforms:

My Value Trade offers 3 types of trading platforms to suite multiple trader requirements

  • MVT Trader: It is an install able software for the desktop users. It is useful for professional traders and investors with features such as seamless, secure & low latency streaming of quotes
  • MVT Classic: This web based platform allows their traders to trade from anywhere using any web browser. Traders dont have to install any software for this.
  • MVT Mobile: It is an mobile based app using which on can easily track portfolio, get stock quotes, and create multiple personalized market watch lists.

  MyValueTrade in comparison with other Stock Brokers:

Check out how MyValueTrade equates with other brokers


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MyValueTrade Comparision Matrix
MyValueTrade Vs CompositEdge
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MyValueTrade Vs HDFC Securities
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MyValueTrade Vs ICICIDirect
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MyValueTrade Vs Tradejini
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MyValueTrade Vs ShareKhan
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MyValueTrade Vs TradeSmartOnline
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MyValueTrade Vs RKSV
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MyValueTrade Vs SASOnline
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MyValueTrade Vs Zerodha
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For comparison of MyValueTrade with more brokers, Visit our Side By Side Comparison of Stock Brokers page

  MyValueTrade Fund Transfers:

myvaluetrade

MyValueTrade provides fund transfer facility with 45 Banks as of Now. Traders have to transfer the funds to the provided account number of MyValueTrade and send email to them quoting the reference number

  MyValueTrade Account Opening Charges:

  • Trading Account : Nil
  • Demat Account :  Rs 555
  • Commodity Account : Rs 555
  • Annual Maintenance Charges for Demat Account : Rs 400/Year 

Following are the documents required for opening the account:

  • PAN Card
  • Address Proof
  • 2 passport Size color Photograph
  • 2 Cheques : 1. One Cancelled cheque 2. One Cheque favoring Zerodha amounting to account opening fee

       If you want to trade derivatives then 1 copy of any of the following documents:

  • Pay slip (latest)
  • Form 16 / IT Returns ( latest)
  • 6 month Bank statement (latest)

  My Value Trade Registration and Contact Information

MyValueTrade SEBI Registration 
INB/F/E 230643634 | Member BSE SEBI Registration No. INB/F 010643634 | CIN: U67190MH1994PLC147882 
Master Commodity Services Ltd Member MCX, NCDEX, FMC :- MCX :- MCX/TCM/CORP/O472 Member ID :- 12440 |FMC :- NCDEX :- NCDEX/TCM/CORP/0138 Member ID :- 00092 
| CIN: U67120PB1991PLC011574 
MyValueTrade Contact:
Registered Address: C-1, Jeevan Jyot Building, 18/20, Cawasjee Patel Street, Fort, Mumbai - 400001 
Contact Number : +91-84678-84678 
MyValueTrade E-Mail :helpdesk@myvaluetrade.com
MyValueTrade Complaints or Grievances : investorg@mastertrust.co.in

Also Read:  Leading Discount Stock Brokers in India

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That’s about the review of the MyValueTrade and details about their Brokerage charges . If you already have account with them, let us know your experience and ratings/critics through the comments. Hope you liked this article, you can find more such interesting and informative articles at our Archives page. You can also subscribe to our blog post below to receive the next post at your Inbox.

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MyValueTrade
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