RKSV Securities vs My Value Trade – Point by Point Comparison

While comparing for online share trading, it is to be noted that both RKSV and MyValueTrade are discount brokers.

Both of these function at BSE, NSE and MCX with no annual maintenance charges for trading account.

The fees for opening a trading account and Demat account is Rs. 250 and Rs. 300 respectively for RKSV whereas there is no such charge for trading account in MyValueTrade and Rs. 555 for opening a Demat Account, which is higher compared to the former.

The equity delivery, Intraday, Future and options charge in RKSV is at 0.01% or Rs. 20 per executed order whichever is lower against Rs. 10 at MyValueTrade.

The currency future charge for RKSV is 0.01% or Rs. 20 per executed order whichever is lower compared to Rs. 10 of MyValueTrade.

The commodity charge at MyValueTrade is Rs. 10 whereas the same in RKSV is 0.01% or Rs.20 per executed order, whichever is lower.

Moreover, RKSV provides the SMS alert facility which is not available at MyValueTrade.

The trading platform of RKSV is NEST which is comparable to MVT Trader of MyValueTrade.

RKSV Securities My Value Trade
Basic Information Type of Broker Discount Broker Discount Broker
Exchanges BSE, NSE, MCX BSE, NSE, MCX
Fees for Opening Trading Account Rs. 250 Nil
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Rs. 300 Rs. 555
Annual Maintenance Charges of Demat Account Rs. 400 Rs. 400
Brokerage Charges Equity Delivery Charges Nil Rs. 10
Equity Intraday Charges Rs. 20 per executed order Rs. 10
Equity Future Charges Rs. 20 per executed order Rs. 10
Equity Options Charges Rs. 20 per executed order Rs. 10
Currency Futures Charges Rs. 20 per executed order Rs. 10
Currency Options Charges Rs. 20 per executed order Rs. 10
Commodity Charges Rs. 20 per executed order Rs. 10
Minimum Brokerage Charges Nil Nil
Transaction Charges Equity Delivery 0.00% 0.00%
Equity Intraday 0.00% 0.00%
Equity Futures 0.00% 0.00%
Equity Options 0.055% on Premium 0.06% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.06% on Premium 0.042% on Premium
Commodity 0.00% 0.0025% (Non-Agri)
Features 3-in-1 Account N N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts Y N
Online Demo Y Y
Online Portfolio N N
Trading Platform NEST MVT Trader
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) N N
Mutual Funds N N
Debt N N
Bond/ NCD N N
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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