IDBI Capital vs MyValueTrade – Point by Point Comparison

IDBI Capital and My Value Trade, both are trading brokers, IDBI Capital is full service broker and My Value Trade is Discount Broker. IDBI Capital exchanges trade in BSE and NSE while My Value Trade does trade in BSE, NSE and MCX. As we all know that there is some amount or fee for opening a trading account. It’s Rs. 700 for IDBI Capital while My Value Trade does not charge anything from clients.

The “Annual Maintenance Charges of Trading Account” is NIL for both the companies. IDBI do not charge anything for opening a Demat Account while it is Rs. 555 for My Value Trade. To maintain these accounts, there is a maintenance charge. It is Rs. 350 for IDBI and Rs. 400 for My Value Trade. These charges are annual based.

The “Equity Delivery Charges” is 0.50% and Rs. 10 for IDBI Capital and My Value Trade respectively. IDBI Capital charges a lot for Equity Options as compared to My Value Trade. It is Rs. 100 per lot while for MVT its Rs. 10.  The commodity charge is zero in IDBI while MVT ask for Rs. 10. Both the companies have a trading platform which is Power Pro for IDBI and MVT Trader for MVT.

    IDBI Capital MyValueTrade
Basic Information Type of Broker Full Service Broker Discount Broker
Exchanges BSE, NSE BSE, NSE, MCX
Fees for Opening Trading Account Rs. 700 Nil
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Rs. 555
Annual Maintenance Charges of Demat Account Rs. 350 Rs. 400
Brokerage Charges Equity Delivery Charges 0.50% Rs. 10
Equity Intraday Charges 0.08% Rs. 10
Equity Future Charges 0.08% Rs. 10
Equity Options Charges Rs. 100 per lot Rs. 10
Currency Futures Charges NA Rs. 10
Currency Options Charges NA Rs. 10
Commodity Charges NA Rs. 10
Minimum Brokerage Charges Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower Nil
Transaction Charges Equity Delivery 0.00% 0.00%
Equity Intraday 0.00% 0.00%
Equity Futures 0.00% 0.00%
Equity Options 0.051% on Premium 0.06% on Premium
Currency Futures NA 0.00%
Currency Options NA 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 NA N
Online Demo Y Y
Online Portfolio Y N
Trading Platform Power Pro MVT Trader
Investment Services Stock/ Equity Y Y
Commodity N Y
Currency N 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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