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 Trade 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:
Account Opening Charges
Exposure or Leverages
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.
*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 charge brokerage as a percentage of your trading turnover.
For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.