IIFL Vs MyValueTrade compare brokerage charges | List of discount brokers in india | Discover Broker

My Value Trade

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IIFL

Background Services
Type of Broker Discount Broker Full Service
Founded 1985 1995
Active Clients 39,790 2,14,149
Product Offered Equity Spot, Futures & Options in Equity, Currency and Commodity, Bonds. Equity Spot, Futures & Options in Equity, Currency and Commodity, Mutual Funds, Bonds, Fixed Deposits.
Depository NSDL CDSL
Advisory / Research tips
Advisory No Yes
Charges
Account Opening Charges
Trading Account Rs. 0 Rs. 0
Demat Account Rs. 0 Rs. 0
Commodity Account Rs. 0 Rs. 0
Annual Maintenance Charges
Trading Account Rs. 0 Free for 5 years, 6th year onwards 400 + GST
Demat Account Rs. 400 from second year Free for 5 years, 6th year onwards 400 + GST
Commodity Account Rs. 0 Rs. 0
Brokerage Charges
Equity Delivery Rs. 10 per order 0.50% on turnover
Equity Intraday Rs. 10 per order 0.05% on turnover
Equity Futures Rs. 10 per order 0.05% on turnover
Currency Futures Rs. 10 per order 0.05% on turnover
Commodity Futures Rs. 10 per order -
Equity Options Rs. 10 per order 1% on premium or Rs.100 per lot
Currency Options Rs. 10 per order -
Commodity Options Rs. 10 per order -
Technology
Trading Platform MVT Trader. IIFL Trader Terminal.
Features
Shortcut Keys Yes Yes
Heat Map No Yes
Charting Yes Yes
Intraday Data (Days) 21+ Days -
EOD Data (Days) 5475+ Days (15 Years) -
Leverages
Equity Delivery 4x on turnover 5x on turnover
Intraday
Equity Spot 35x on turnover 10 - 15x on turnover
Equity Futures and Options 4x on ESM 10 - 12x on ESM
Currency Futures and Options 4x on ESM 10 - 12x on ESM
Commodity Futures and Options 40x on ESM 10 - 12x on ESM
Intraday with BO & CO
Equity Spot 10x on turnover No leverage
Equity Futures and Options 3x on ESM No leverage
Currency Futures and Options 5x on ESM No leverage
Commodity Futures and Options 5x on ESM No leverage
Customer Support
Phone Yes Yes
Email Yes Yes
Transaction Alerts Yes Yes
Live Chat Yes Yes
Relationship Manager No Yes




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