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 Options||0.055% on Premium||0.06% on Premium|
|Currency Options||0.06% on Premium||0.042% on Premium|
|Acceptance of Orders After Trading Hours||Y||Y|
|Trading Platform||NEST||MVT Trader|
|Investment Services||Stock/ Equity||Y||Y|
|IPO (Initial Public Offers)||N||N|
|Customer Support||24/7 Customer Support||N||N|
|Online Live Chat||N||N|
|Reports||Daily Market Report||N||N|
|Quarterly Analysis of Results||N||N|