SMC Global vs MyValueTrade – Point by Point Comparison

Limited and MyValueTrade are famous companies and have achieved a lot in the field of share market. Type of broker in SMC Global is full service broker and that of MyValueTrade is Discount Broker. Both are good options to attract more clients towards themselves. People getting attracted towards SMC Global are those who are new to this field and would prefer to choose a full service broker. But people who already know everything and just want to increase investment would be approaching MyValueTrade. Fees for opening trading account in SMC Global are Rs 1000 and MyValueTrade is free of cost. And for Demat it’s just the other way round. SMC Global is free of cost and MyValueTrade Rs 555. Certain annual maintenance cost is charged by both the companies. Both the companies allow mobile trading which is not available in many other companies. Equity commodity, Intraday, Future charges in this company are 0.03% and 10 respectively. There are no minimum brokerage charges in the latter company but Rs 25 is charged by SMC Global. Both the companies are comparatively good. Both the companies are better in the area they are focusing at.

SMC Global Limited My Value Trade
Basic Information Type of Broker Full Service Broker Discount Broker
Fees for Opening Trading Account Rs. 1000 Nil
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Rs. 555
Annual Maintenance Charges of Demat Account Rs. 300 Rs. 400
Brokerage Charges Equity Delivery Charges 0.30% Rs. 10
Equity Intraday Charges 0.03% Rs. 10
Equity Future Charges 0.03% Rs. 10
Equity Options Charges Rs. 70 per lot Rs. 10
Currency Futures Charges 0.03% Rs. 10
Currency Options Charges Rs. 20 per lot Rs. 10
Commodity Charges 0.03% Rs. 10
Minimum Brokerage Charges Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower Nil
Transaction Charges Equity Delivery 0.00% 0.00%
Equity Intraday 0.00% 0.00%
Equity Futures 0.00% 0.00%
Equity Options 0.065% on Premium 0.06% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.065% 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 NA Y
Online Portfolio Y N
Trading Platform Odin Diet 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 N N
Branch Support Y N
Reports Daily  Market Report Y N
Quarterly Analysis of Results Y N

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