My Value Trade vs Angel Broking – Point by Point Comparison

The type of broker provided by My Value Trade is a Discount Broker whereas Angel Broking provides for a Full Service Broker. There is no fee for opening an online trading account if one uses the services of My Value Trade whereas Angel Broking charges some amount for the same. The transaction charges associated with equity delivery, equity intraday and equity futures are same for both the firms. The minimum brokerage charges for Angel Broking are Rs 0.10 per share whereas My Value Trade takes no such minimum charge. Features such as SMS alerts and online portfolio are not provided by My Value Trade but Angel Broking provides these features with ease. Angel Broking also offers investment services such as IPO, mutual funds and debt but My Value Trade does not offer these services.

Basic Information My Value Trade Angel Broking
Type of Broker Discount Broker Full Service
Fees for Opening Trading Account Nil Rs. 600
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Rs. 555 Nil
Brokerage Charges Annual Maintenance Charges of Demat Account Rs. 400 Rs. 300
Equity Delivery Charges Rs. 10 0.1% to 0.4%
Equity Intraday Charges Rs. 10 0.1% to 0.4%
Equity Future Charges Rs. 10 0.1% to 0.4%
Equity Options Charges Rs. 10 Rs. 30 to Rs. 50 per lot
Currency Futures Charges Rs. 10 0.1% to 0.4%
Currency Options Charges Rs. 10 Rs. 12 to Rs. 15 per lot
Commodity Charges Rs. 10 0.1% to 0.4%
Transaction Charges Minimum Brokerage Charges Nil Rs. 0.10 per share
Equity Delivery 0.00% 0.00%
Equity Intraday 0.00% 0.00%
Equity Futures 0.00% 0.00%
Equity Options 0.06% on Premium 0.05% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.042% on Premium 0.05% on Premium
Features Commodity 0.0025% (Non-Agri) For MCX: 0.0015%, for MCX-SX: 0.0001% & for NCDEX: 0.0030%
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
Investment Services Trading Platform MVT Trader Angel Lite, Angel Swift, Angel Eye & Speed Pro
Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) N Y
Mutual Funds N Y
Debt N Y
Customer Support Bond/ NCD N Y
24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N Y
Reports Branch Support N Y
Daily  Market Report N Y
Quarterly Analysis of Results N Y

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