MyValueTrade vs ICICIDirect

Last updated on April 25th, 2016

ReviewICICIdirect ReviewMyValueTrade Review
Type of Broker3-in-1 Full Service BrokerDiscount Broker
Supported ExchangesBSE, NSE BSE, NSE, MCX & NCDEX
Trading Account Opening FeesRs 975NIL
Trading Account AMCNILNIL
Demat Account Opening FeesNILNIL
Demat Account AMCRs 450Rs 400 after second year
Brokerage Charges
Equity Delivery Brokerage0.55%Rs 10
Equity Intraday Brokerage0.275%Rs 10
Equity Futures Brokerage0.05% - 0.03%Rs 10
Equity Options BrokerageRs 95 - Rs 65 per lotRs 10
Currency Futures Trading Brokerage0.050% - 0.030%Rs 10
Currency Options Trading BrokerageRs 95 - Rs 65 per lotRs 10
Commodity Trading BrokerageNARs 10
Minimum Brokerage ChargesRs 35 per tradeNIL
Monthly Unlimited Plans
Rs 1,000/-
Transaction Charges
Equity DeliveryNSE: 0.0031% | BSE: 0.0035%0.00325%
Equity IntradayNSE: 0.0031% | BSE: 0.0035%0.00325%
Equity Futures0.00185%0.003%
Equity Options0.05% on Premium0.06% (On Premium)
Currency Futures0.0013%0.0012%
Currency Options0.05% on Premium0.042% (On Premium)
CommodityNANon-Agri: 0.0025%
3 in 1 Account
Mobile Trading
Automated Trading
After Trading Hour Orders
Good Till Cancelled (GTC)
SMS Alerts
Online Demo
Online Portfolio
Margin Funding
Trading PlatformTradeRacerMVT Trader
Intraday Square-off Time3:15 PM3:20 PM
Investment Services
Stock / Equity
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Customer Service Channels
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Support Through Branches
Research Reports/Tips/Recommendations
Daily Market Report
Quarterly Result Analysis
News Alerts
Promotional Offers
  • NIL
  • Free Account Opening
  • Free Call-N –Trade
  • Margin for Delivery
  • Free pay-in with 45 Major Banks
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