MyValueTrade vs Fyers – Point by Point Comparison

Both MyValueTrade and Fyers are discount brokers and provide online trading with discounted pricing. Fyers has done specific work on developing certain trading tools that are helpful for traders in more efficient decision making. Myvaluetrade charges fixed brokerage rate while Fyers charges brokerage capped at Rs.100 per trade.

    MyValueTrade FYERS
Basic Information Type of Broker Discount Broker Discount Broker
  Exchanges BSE, NSE, MCX NSE
  Fees for Opening Trading Account Nil NIL
  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 400
Brokerage Charges Equity Delivery Charges Rs. 10 0.1% or Max Rs 100 (Whichever is lower)
  Equity Intraday Charges Rs. 10 0.01% or Max Rs 100 (Whichever is lower)
  Equity Future Charges Rs. 10 0.01% or Max Rs 100 (Whichever is lower)
  Equity Options Charges Rs. 10 Rs 10 per lot or Max 100 (Whichever is lower)
  Currency Futures Charges Rs. 10 0.01% or Max Rs 100 (Whichever is lower)
  Currency Options Charges Rs. 10 Rs 10 per lot or Max 100 (Whichever is lower)
  Commodity Charges Rs. 10 NA
  Minimum Brokerage Charges Nil NA
Transaction Charges Equity Delivery 0.00% As Applicable
  Equity Intraday 0.00% As Applicable
  Equity Futures 0.00% As Applicable
  Equity Options 0.06% on Premium As Applicable
  Currency Futures 0.00% As Applicable
  Currency Options 0.042% on Premium As Applicable
  Commodity 0.0025% (Non-Agri) As Applicable
Features 3-in-1 Account N N
  Mobile Trading Y Y
  Acceptance of Orders After Trading Hours Y Y
  SMS Alerts N N
  Online Demo Y Y
  Online Portfolio N Y
  Trading Platform MVT Trader Fyers One, Fyers Webtrader, Fyers Markets
Investment Services Stock/ Equity Y Y
  Commodity Y N
  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 N
  Branch Support N N
Reports Daily  Market Report N N
  Quarterly Analysis of Results N N

 

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