Trade Smart Online vs MyValueTrade – Point by Point Comparison

Making a comparison between two very important firms for managing online share trading activities, Trade Smart Online and My Value Trade, one may not just have a look at the differences but also at the similarities between these. Now considering the very first thing that must be noted here is that both the firms are Discount Brokers. This makes both the companies of similar nature.

Now coming on to other very important factor which is the brokerage of the company, one may find that Trade Smart Online charges Rs. 15 for every trade whereas My Value Trade charges Rs. 10 for every trade. One may also notice a fact that for opening a trading account for managing online share trade, Trade Smart Online charges Rs. 200 whereas My Value Trade does not charge a single penny for this.

Now looking at a very essential factor that one may look at while choosing the right firm, which is the trading platform of the firm, one may find that the trading platform for Trade Smart Online is NEST whereas for My Value Trade is MVT Trader. One must look for many more points where the firms may differ or agree to make a correct decision.

Trade Smart Online My Value Trade
Basic Information Type of Broker Discount Broker Discount Broker
Fees for Opening Trading Account Rs. 200 Nil
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Rs. 200 Rs. 555
Annual Maintenance Charges of Demat Account Rs. 300 Rs. 400
Brokerage Charges Equity Delivery Charges Rs. 15 Rs. 10
Equity Intraday Charges Rs. 15 Rs. 10
Equity Future Charges Rs. 15 Rs. 10
Equity Options Charges Rs. 15 Rs. 10
Currency Futures Charges Rs. 15 Rs. 10
Currency Options Charges Rs. 15 Rs. 10
Commodity Charges Rs. 15 Rs. 10
Minimum Brokerage Charges Rs. 15 Nil
Transaction Charges Equity Delivery 0.00% 0.00%
Equity Intraday 0.00% 0.00%
Equity Futures 0.00% 0.00%
Equity Options 0.0715% on Premium 0.06% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.0600% 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 N N
Online Demo Y Y
Online Portfolio N N
Trading Platform NEST, NOW MVT Trader
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) N N
Mutual Funds Y N
Debt N 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 N N
Reports Daily  Market Report N N
Quarterly Analysis of Results N N

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