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.
|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|
|Acceptance of Orders After Trading Hours||Y||Y|
|Trading Platform||MVT Trader||Securities Trading and Securities Processing|
|Investment Services||Stock/ Equity||Y||Y|
|IPO (Initial Public Offers)||N||Y|
|Customer Support||24/7 Customer Support||N||N|
|Online Live Chat||N||Y|
|Reports||Daily Market Report||N||Y|
|Quarterly Analysis of Results||N||Y|