Here is a point by point comparison of My Value Trade Vs Upstox. My Value Trade has been an oldie in Discount Broking in India and was launched back in 1985. My Value Trade has a reasonable amount of customer base and charges reasonably low per transaction charges.
On the other hand, RKSV (or Upstox) is a discount broker as well launched by 3 co-founders in 2012. Today, Upstox does a daily turnover of ₹5000 Crore with a customer base of around 20,000. The firm has been backed up by some of the prominent names such as Ratan Tata, Kalaari Capital and GVK Davix.
It can become very difficult to decide between two discount brokers who are almost similar in their propositions but still are different in areas that can make or break for customers. Thus, to make things easy for you, we have listed out the comparison between Upstox and My Value Trade to help you find which of the two suits your needs better. The comparison is made on aspects such as:
Account Opening Charges
Exposure or Leverages
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.
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) with My Value Trade Vs Upstox for the benefits of other readers. Please feel free to share in the comments below. Your experiences can work as learning for others.
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