MyValueTrade vs HDFC Securities – Point by Point Comparison

HDFC securities are HDFC Bank’s Equity Trading Company. MyValueTrade (MVT) is Master Capital Services Ltd’s discount brokerage company. While comparing both of these, there are certain points which can come to light.

HDFC is a full service broker whereas MyValueTrade is a discount broker.

For HDFC securities, minimum brokerage per order for both Indians and NRIs, for both buy and sell orders is minimum Rs. 25. For MyValueTrade, trade across all segments for Rs 10*(Statutory charges, Exchange transaction charges and Regulatory charges are extra) per order executed or Rs 1000 for an unlimited plan for all exchanges are available.

MyValueTrade also offers a Funds transfer facility with 45 major banks, while this is not available with HDFC. MyValueTrade also has no minimum brokerage. The HDFC Securities trading account has a unique 3-in-1 feature which provides an easy way to invest in the stock market.

Account type for HDFC is online trading, whereas for MyValueTrade it is executed at Rs 10 per order.

    MyValueTrade HDFC Securities
Basic Information Type of Broker Discount Broker 3-in-1 Full Service Broker
Exchanges BSE, NSE, MCX BSE, NSE
Fees for Opening Trading Account Nil Rs. 999
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. 750
Brokerage Charges Equity Delivery Charges Rs. 10 0.50%
Equity Intraday Charges Rs. 10 0.50%
Equity Future Charges Rs. 10 0.05%
Equity Options Charges Rs. 10 Rs. 100
Currency Futures Charges Rs. 10 Rs. 23 per contract
Currency Options Charges Rs. 10 Rs. 23 per contract
Commodity Charges Rs. 10 NA
Minimum Brokerage Charges Nil Rs. 25 per trade
Transaction Charges Equity Delivery 0.00% 0.10%
Equity Intraday 0.00% 0.025% on sale transations
Equity Futures 0.00% 0.01% on sale transactions
Equity Options 0.06% on Premium 0.017% on Premium
Currency Futures 0.00% 0.01% on sale transactions
Currency Options 0.042% on Premium 0.017% on Premium
Commodity 0.0025% (Non-Agri) NA
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 Securities Trading and Securities Processing
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 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 Y

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