MyValueTrade Vs TradePlusOnline | Which one is better? Side-by-side comparison | Discount brokers Charges

My Value Trade

VS

Tradeplus

Background Services
Type of Broker Discount Broker Discount Broker
Founded 1985 1995
Active Clients 39,790 9,030
Product Offered Equity Spot, Futures & Options in Equity, Currency and Commodity, Bonds. Equity Spot, Futures & Options in Equity, Currency and Commodity, Mutual Funds, Bonds.
Depository NSDL NSDL & CDSL
Advisory / Research tips
Advisory No No
Charges
Account Opening Charges
Trading Account Rs. 0 Rs. 200
Demat Account Rs. 0 Rs. 0
Commodity Account Rs. 0 Rs. 0
Annual Maintenance Charges
Trading Account Rs. 0 Rs. 0
Demat Account Rs. 400 from second year Rs. 200 per year
OR
Rs. 500 for 5 years
OR
Rs. 900 for 10 years
Commodity Account Rs. 0 Rs. 0
Brokerage Charges
Equity Delivery Rs. 10 per order Rs. 0
Equity Intraday Rs. 10 per order Rs. 9 or 0.01% on turnover (whichever is lower) per order
Equity Futures Rs. 10 per order Rs.9 per order
OR
Rs. 799 per month
Currency Futures Rs. 10 per order Rs.9 per order
OR
Rs. 799 per month
Commodity Futures Rs. 10 per order Rs.9 per order
OR
Rs. 799 per month
Equity Options Rs. 10 per order Rs.9 per order
OR
Rs. 99 per month
Currency Options Rs. 10 per order Rs.9 per order
OR
Rs. 99 per month
Commodity Options Rs. 10 per order Rs.9 per order
OR
Rs. 99 per month
Technology
Trading Platform MVT Trader. Infini Power.
Features
Shortcut Keys Yes Yes
Heat Map No No
Charting Yes Yes
Intraday Data (Days) 21+ Days 10+ Days
EOD Data (Days) 5475+ Days (15 Years) 2555+ Days (7 Years)
Leverages
Equity Delivery 4x on turnover No leverage
Intraday
Equity Spot 35x on turnover 10x on turnover
Equity Futures and Options 4x on ESM 2x on ESM
Currency Futures and Options 4x on ESM 2x on ESM
Commodity Futures and Options 40x on ESM 2x on ESM
Intraday with BO & CO
Equity Spot 10x on turnover 30x-40x on turnover
Equity Futures and Options 3x on ESM 3% of contract value
Currency Futures and Options 5x on ESM NIL
Commodity Futures and Options 5x on ESM 20% SPAN or SPAN/5 for commodity futures
Customer Support
Phone Yes Yes
Email Yes Yes
Transaction Alerts Yes No
Live Chat Yes Yes
Relationship Manager No No




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