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IIFL Vs My Value Trade
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IIFL Vs My Value Trade comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
IIFL Vs My Value Trade Comparison
Here is a point by point comparison of India Infoline Vs My Value Trade.
My Value TradeĀ has been an oldie in Discount Broking in India and was launched back in 1985. The broking firm has a reasonable amount of customer base and charges reasonably low per transaction charges.
IIFL too is a prominent name in Indian full-service broking. It is majorly known for its huge offline presence across the country with more than 4400 branches in 900 cities. India Infoline (IIFL) was incorporated in 1995 and today is one of the top three full-service brokers in India.
Everything about discount brokers such as My Value Trade is Online, be it – customer service, trading, account opening etc.
Full-service brokers such as India Infoline (IIFL), on the other hand, will help you, spoon feed you, handhold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between IIFL Vs My Value Trade to help you find which of the two suits your needs better.
The comparison is made on various aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
IIFL Vs My Value Trade Compare
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms.
We hope this article helps you to understand which of the two brokers is better for your needs and which one to go for.
 |  | |
| My Value Trade Review | India Infoline Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Full Service |
| Incorporated In the Year | 1985 | 1995 |
| Number of branches across India | 1 | 4400 |
| Exchanges | NSE,BSE,MCX and NCDEX | NSE, BSE, MCX, NCDEX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Chargesļ»æ | ā¹0 | ā¹750 |
| Trading Account Annual Maintenance Charges | ā¹400 | ā¹0 |
| Demat Account Opening Charges | ā¹555 | ā¹555 |
| Demat Account Annual Maintenance Charges | ā¹0 | ā¹300 |
| Transaction Charges | My Value Trade Transaction Charges | IIFL Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ā¹10 per executed order | 0.50% |
| Intraday Delivery | ā¹10 per executed order | 0.05% |
| Equity Futures | ā¹10 per executed order | 0.05% |
| Equity Options | ā¹10 per executed order | 1% of Premium or Rs.100/- per lot whichever is higher |
| Currency Futures | ā¹10 per executed order | 0.05% |
| Currency Options | ā¹10 per executed order | 1% of Premium or Rs.100/- per lot whichever is higher |
| Commodity | ā¹10 per executed order | 0.05% |
| Brokerage Calculator | My Value Trade Brokerage Calculator | IIFL Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 5X Intraday | Upto 20 times Intraday & 3 times for Delivery |
| Equity Futures | Upto 2X Intraday | Upto 3 times for Intraday |
| Equity Options | NA | Buying no leverage, Shorting upto 3 times |
| Currency Futures | Upto 2X Intraday | Upto 2 times for Intraday |
| Currency Options | NA | Buying no leverage, Shorting upto 2 times |
| Commodities | Upto 2X Intraday | Upto 3 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | MVT Trader, MVT Classic, MVT Mobile | Trader Terminal, IIFL Markets App, Trader Web |
| Total BSE+NSE Complaints | 25 | 280 |
| OVERALL RATING |  |  |
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers chargeĀ brokerage as a percentage of your trading turnover.
For instance, if you place a trade ofĀ ā¹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% ofĀ ā¹10,000 i.e.Ā ā¹40 as the brokerage for that particular trade.
Make sure you understand this difference and then take a call. Here is aĀ brokerage calculatorĀ for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) withĀ IIFL Vs My Value TradeĀ for the benefits of other readers.
Please feel free to share in the comments below.
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IIFL Vs My Value Trade
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