MyValueTrade is Delhi NCR based discount broker that offers both per trade as well as fixed charges brokerage model. They offers amazingly low price along with Single software for all market segments. The discount broking platform is promoted by a leading group that caters to the daily turnover of around 4500 crores in the financial markets.
Background of MyValueTrade
MyValueTrade (MVT) is one of the arms of Master Capital Services which was incorporated in year 1985 and Master Capital Services is a part of Master Trust Group. In India, it is one of the leading companies providing financial services. The company has more than 1.5 lakh clients in its basket and it conducts its business activities under the brand ‘Mastertrust”. In August 2014, Master Trust Group entered brokerage business through its discount brokerage arm ‘MyValueTrade’. For trading across all the segments of equities, derivatives, currency and commodities, MyValueTrade charges fixed brokerage and there is a facility of charges based on per executed order. Since 1985, the group holds a strong position in the broking industry with more than 4500 crore of group turnover per day across all segments. This great achievement has made its position stronger in comparison to its competitors and has also made MyValueTrade as one of the largest retail broking house. MVT has tie up with 45 major banks for fund transfer. Some of the associated banks are HDFC Bank, ICICI Bank, Yes Bank, Bank of Baroda, Axis Bank, State Bank of India, Standard Chartered Bank, etc. MVT trades in BSE, NSE and MCX in equity, derivatives, commodities and currency segments.
Trading Platforms of MyValueTrade
MyValueTrade offers two different ways through which its users can trade:
MVT Trader – MVT Trader is a desktop based platform. The platform is for those professional traders and investors who look out for all-in-one, secure and low latency trading. The platform allows the users to make use of advance technical charts. The platform is easy to use and is available to the customers of MyValueTrade at free of cost.
MVT Classic – MVT Classic is a web based trading platform. Therefore, it offers the user the facility to trade from anywhere. Since, there is no installation or downloading is required, the platform is convenient for many people.
Brokerage Charges and Plans of MyValueTrade
There are two plans that are offered by MVT to its customers. These plans are as follows:
Per Order Executed – If the user opts to go for this account, then he will be charged a flat amount of Rs. 10 per executed order (i.e. per trade) without any weightage to the size of the trade.
Fixed Brokerage – Under this plan, the customer is charged a fixed amount of Rs. 1,000 on monthly basis and he will be allowed unlimited monthly trades without any additional charge.
Unique Selling Proposition of MyValueTrade
As a brokerage house, MyValueTrade is different from its competitors because of some of its features which nobody else is offering. MyValueTrade offers its users single trading and back office software. This actually works for all the segments that include equities, commodities and currency. The benefit to the users is that the feature is convenient for them as with single login they can work on their trading and back-office software. On top of that, this brokerage house offers its customers, the flexible balance system wherein the user balance in one segment can be used as balance for the other segment. That is, the same balance is used for all the segments viz. equity, derivatives, commodity and currency. The unlimited trade facility for a nominal account makes its position more convincing in the market. In addition, as the brokerage house has a tie-up with 45 major banks, there is no need to open a new savings bank account.