ICICI Direct vs MyValueTrade – Point by Point Comparison

  ICICI Direct MyValueTrade
Basic Information Type of Broker 3-in-1 Full Service Broker Discount Broker
Exchanges BSE, NSE BSE, NSE, MCX
Fees for Opening Trading Account Rs. 975 Nil
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Rs. 555
Annual Maintenance Charges of Demat Account Rs. 450 Rs. 400
Brokerage Charges Equity Delivery Charges 0.55% Rs. 10
Equity Intraday Charges 0.28% Rs. 10
Equity Future Charges 0.03% to 0.05% Rs. 10
Equity Options Charges Rs. 65 to Rs, 95 per lot Rs. 10
Currency Futures Charges 0.030% to 0.050% Rs. 10
Currency Options Charges Rs. 65 to Rs. 95 per lot Rs. 10
Commodity Charges NA Rs. 10
Minimum Brokerage Charges Rs. 35 per trade Nil
Transaction Charges Equity Delivery For BSE: 0.0035% and for NSE: 0.0031% 0.00%
Equity Intraday For BSE: 0.0035% and for NSE: 0.0031% 0.00%
Equity Futures 0.00% 0.00%
Equity Options 0.05% on Premium 0.06% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.05% of Premium 0.042% on Premium
Commodity NA 0.0025% (Non-Agri)
Features 3-in-1 Account Y N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts N N
Online Demo Y Y
Online Portfolio Y N
Trading Platform Trade Racer MVT Trader
Investment Services Stock/ Equity Y Y
Commodity N Y
Currency Y Y
IPO (Initial Public Offers) Y N
Mutual Funds Y N
Debt Y N
Bond/ NCD Y N
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N N
Branch Support Y N
Reports Daily  Market Report Y N
Quarterly Analysis of Results Y N

 

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