My Value Trade vs Geojit BNP Paribas – Point by Point Comparison

To compare My Value Trade with Geojit Bnp Paribas let us first see the type of broker offered by the both, while the former provides for Discount Broker, the later offers a Full Service Broker. There is no fee for opening a demat account in the case of Geojit Bnp Paribas but My Value Trade charges some amount for the same service. Brokerage Charges such as equity delivery, intraday and future charges are same for My Value Trade but they vary as a percentage for Geojit Bnp Paribas. The minimum brokerage charges for Geojit Bnp Paribas are Rs 0.01 per share or Rs 20 per contract whichever is higher. My Value Trade doesnot offer features such as sms alerts and online portfolio but these are not provided by Geojit Bnp Paribas. IPO, mutual funds and debt are also available with Geojit Bnp Paribas but not with My Value Trade. The daily market report provided by Geojit Bnp Paribas can be very useful to the customers, this feature is however not available for My Value Trade.

My Value Trade Geojit BNP Paribas
Basic Information Type of Broker Discount Broker Full Service Broker
Exchanges BSE, NSE, MCX BSE, NSE, MCX-SX
Fees for Opening Trading Account Nil Rs. 800
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Rs. 555 Nil
Annual Maintenance Charges of Demat Account Rs. 400 Rs. 350
Brokerage Charges Equity Delivery Charges Rs. 10 0.30%
Equity Intraday Charges Rs. 10 0.03%
Equity Future Charges Rs. 10 0.03%
Equity Options Charges Rs. 10 Rs. 75 per lot
Currency Futures Charges Rs. 10 Rs. 10 to Rs. 15 (vary as per contract)
Currency Options Charges Rs. 10 Rs. 10 to Rs. 15 (vary as per contract)
Commodity Charges Rs. 10 NA
Minimum Brokerage Charges Nil Re. 0.01 per share or Rs. 20 per contract, whichever is higher
Transaction Charges Equity Delivery 0.00% 0.00%
Equity Intraday 0.00% 0.00%
Equity Futures 0.00% 0.00%
Equity Options 0.06% on Premium 0.055% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.042% on Premium 0.0473% on Premium
Commodity 0.0025% (Non-Agri) NA
Features 3-in-1 Account N N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts N Y
Online Demo Y Y
Online Portfolio N Y
Trading Platform MVT Trader Flip Platinum
Investment Services Stock/ Equity Y Y
Commodity Y N
Currency Y Y
IPO (Initial Public Offers) N Y
Mutual Funds N Y
Debt N Y
Bond/ NCD N NA
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N N
Branch Support N Y
Reports Daily  Market Report N Y
Quarterly Analysis of Results N Y

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