My Value Trade vs Kotak Securities – Point by Point Comparison

My Value Trade offers a Discount Broker whereas the broker services given by Kotak Securities are that of a Full Service Broker. There is no fee for opening a trading account as far as My Value Trade is concerned but Kotak Securities charges about Rs 750 for the same service. The brokerage charges such as equity delivery, intraday and future charges are same for My Value Trade, whereas, for Kotak Securities they vary as a percentage factor.  Features such as 3-in-1 account, SMS alerts and online portfolios are available with Kotak Securities but these services are not being provided by My Value Trade. There is also an added investment service of bond/NCD in Kotak securities. Kotak Securities offers a more comprehensive customer support system comprising of features such as online live chat and branch support. There is no daily market report in case of My Value Trade but Kotak Securities offers this service.

My Value Trade Kotak Securities
Basic Information Type of Broker Discount Broker Full Service Broker
Fees for Opening Trading Account Nil Rs. 750
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. 600
Brokerage Charges Equity Delivery Charges Rs. 10 0.49%
Equity Intraday Charges Rs. 10 0.05%
Equity Future Charges Rs. 10 0.05%
Equity Options Charges Rs. 10 Rs. 100
Currency Futures Charges Rs. 10 NA
Currency Options Charges Rs. 10 NA
Commodity Charges Rs. 10 0.07%
Minimum Brokerage Charges Nil Rs. 21 per executed order
Transaction Charges Equity Delivery 0.00% 0.10%
Equity Intraday 0.00% 0.025% on selling ledger
Equity Futures 0.00% 0.01%
Equity Options 0.06% on Premium 0.02%
Currency Futures 0.00% 0.01%
Currency Options 0.042% on Premium 0.02%
Commodity 0.0025% (Non-Agri) 0.00%
Features 3-in-1 Account N Y
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 NA
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) N Y
Mutual Funds N Y
Debt N N
Bond/ NCD N Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N Y
Branch Support N Y
Reports Daily  Market Report N Y
Quarterly Analysis of Results N NA

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