ShareKhan vs My Value Trade – Point by Point Comparison

Myvaluetrade is an online discount broker and supports exchanges like BSE, NSE, and MCX. Sharekhan, being a full service broker supports exchanges like NCDEX and NSEL as well.

Multiple, monthly and yearly plans are a part of brokerage plans availed by Myvaluetrade. Sharekhan has percentage wise brokerage plan. Best plan provided by Sharekhan includes Currency future. In India, the Trade Tiger provided by Sharekhan is a popular trading terminal. When trading from Sharekhan, you can avail free transfer of share from and to the DP account. In comparison to Myvaluetrade, Sharekhan also proposes online live chat and branch support. However, Online Share Trading from Myvaluetrade serves to be more convenient as there is no need to transfer deposits from one to another exchange for trading. MVT offers no fee and charges for both opening and maintaining the trading account. It has an easy website login method. Sharekhan, on the other hand, does not provide a savings account.

Sharekhan charges a minimum brokerage of Rs 0.1 per share while there is no minimum brokerage in the case of Myvaluetrade. Zero brokerage for Equity future, Equity intraday and Equity delivery provided by Myvaluetrade sums up to be a free investment for you.

ShareKhan My Value Trade
Basic Information Type of Broker Full Service Broker Discount Broker
Fees for Opening Trading Account Rs. 750 Nil
Annual Maintenance Charges of Trading Account Rs. 450 Nil
Fees for Opening Demat Account Nil Rs. 555
Annual Maintenance Charges of Demat Account Rs. 400 Rs. 400
Brokerage Charges Equity Delivery Charges 0.50% Rs. 10
Equity Intraday Charges 0.10% Rs. 10
Equity Future Charges 0.10% Rs. 10
Equity Options Charges Rs. 100 per lot or 2.5% on premium, whichever is higher Rs. 10
Currency Futures Charges 0.10% Rs. 10
Currency Options Charges Rs. 100 per lot or 2.5% on premium, whichever is higher Rs. 10
Commodity Charges 0.10% Rs. 10
Minimum Brokerage Charges Rs. 0.10 per share Nil
Transaction Charges Equity Delivery 0.1% from both sides 0.00%
Equity Intraday 0.03% 0.00%
Equity Futures 0.17% from selling side 0.00%
Equity Options 0.017% on premium from selling side 0.06% on Premium
Currency Futures 0.17% from selling side 0.00%
Currency Options 0.017% on premium from selling side 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 Y N
Trading Platform Trade Tiger MVT Trader
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) Y N
Mutual Funds Y N
Debt Y N
Bond/ NCD Y N
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat Y N
Branch Support Y N
Reports Daily  Market Report Y N
Quarterly Analysis of Results Y N

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