FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Both the brokers are registered with SEBI. MyValueTrade offers investmenet in Equity, F&O, Currency and Commodities, where AxisDirect offers investment in Equity, F&O and Currency only. The brokerage of MyValueTrade Max Rs 10 per trade while the brokerage of AxisDirect ranges between 0.05% to 0.5%. MyValueTrade is a Discount Broker where AxisDirect is a Full Service Broker. Overall rating for both the brokers are equal with rating 3.5 out of 5. Number of active customer for AxisDirect is 3,63,904 where number of active customer for MyValueTrade is . AxisDirect is serving more customer compare to MyValueTrade.
Here we present side-by-side comparison of MyValueTrade vs AxisDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared MyValueTrade vs AxisDirect's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.
Here we present side-by-side comparison of MyValueTrade vs AxisDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.
To be precise, we have compared MyValueTrade vs AxisDirect's on
This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.
Comparison of MyValueTrade with AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - MyValueTrade charges Rs 555 for account opening where AxisDirect charges Rs 999 for account opening. Demat AMC charges - MyValueTrade charges Rs 400 PA (Waived for 1st year) AMC for Demat account where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.
Charges | MyValueTrade | AxisDirect |
---|---|---|
Trading Account Opening Fees | Rs 555 | Rs 999 |
Trading AMC | Free | Free |
Demat Account Opening Fees | Free | Free |
Demat AMC | Rs 400 PA (Waived for 1st year) | Rs 750 PA (Free for 1st year) |
Provide DP Service |
Plans are the most important feature you look when compare MyValueTrade with AxisDirect. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy.. Monthly Plans - MyValueTrade provide Monthly Plans where AxisDirect doesn't offer
Plan Types | MyValueTrade | AxisDirect |
---|---|---|
Multiple Plans | ||
Monthly Plans | ||
Yearly Plans |
Zerodha | Zerodha | |
---|---|---|
Account Opening Request |
MyValueTrade Brokerage Plan detail - This is 10 Rs per executed order plan by MVT, which is half the price Zerodha and RKSV proposing.
AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.
Brokerage Charges Compare | MyValueTrade | AxisDirect |
---|---|---|
Plan Name | Flat Fee Rs 10 Trading Plan | Fixed Brokerage Trading Plan (Percentage Based) |
Equity Delivery | Flat Fee Rs 10 | 0.50% (Each leg) |
Equity Intraday | Flat Fee Rs 10 | 0.05% (Each leg) |
Equity Futures | Flat Fee 10 Rs | 0.05% (Each leg) |
Equity Options | Flat Fee Rs 10 | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot |
Currency Futures | Flat Fee 10 Rs | 0.05% (Each Leg) |
Currency Options | Flat Fee Rs 10 | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p |
Commodity Trading | Flat Fee 10 Rs | Futures: 0.03% (Each leg)| Options: Rs. 50 per lot |
Minimum Brokerage | Rs 10 or .01% whichever is lower | NIL |
Hidden Charges | Info Not Available | No |
Funding | Info Not Available | Yes - 18% interest PA |
Call & Trade Charges | NA | Free 20 calls per month, and after Rs. 20 per order |
Auto Square off Charges | NA | 20 calls Free and after that Rs 20 per call |
Brokerage Calculator | Brokerage Calculator for MyValueTrade | Brokerage Calculator for AxisDirect |
Compare MyValueTrade with AxisDirect on transaction charges and PCM fee by segment.
Transaction Charges Compare | MyValueTrade | AxisDirect |
---|---|---|
Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
Equity Intraday | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
Equity Futures | NSE:200 Per Cr | BSE:FREE | NSE:200 Per Cr | BSE:FREE |
Equity Options | NSE:5050 Per Cr | BSE:3700 Per Cr | NSE:5050 Per Cr | BSE:3700 Per Cr |
Currency Futures | NSE:90 Per Cr | BSE:25 Per Cr | NSE:90 Per Cr | BSE:25 Per Cr |
Currency Options | NSE:4000 Per Cr | BSE:100 Per Cr | NSE:4000 Per Cr | BSE:100 Per Cr |
Commodity | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | |
Brokerage Charges | Complete Brokerage Plans for my-value-trade | Complete Brokerage Plans for axisdirect |
Compare MyValueTrade with AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - AxisDirect offers 3-in-1 account where MyValueTrade offers only 2-in-1 account which includes trading and demat account. Algo Trading - MyValueTrade offers Algo Trading where AxisDirect doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - AxisDirect offers NRI where MyValueTrade doesn't offers NRI Trading.
Account Features Compare | MyValueTrade | AxisDirect |
---|---|---|
3 in 1 Account | ||
Charting | ||
Algo Trading | ||
SMS Alerts | ||
Online Demo | ||
Online Portfolio | ||
Margin Trading Funding Available | ||
Combined Ledger for Equity and Commodity | ||
Intraday Square-off Time | 3:15PM | 2:45 PM |
NRI Trading | ||
Other Features | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w MyValueTrade and AxisDirect. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.
Trading Platform Compare | MyValueTrade | AxisDirect |
---|---|---|
Desktop Trading Platform | MVT Trade | Ring |
Desktop Demo | Info Not Available | Desktop Demo |
Desktop Platform (Windows) | ||
Desktop Platform (Mac) | ||
Web Trading Platform | ||
Web Trading Detail | https://direct.mastermarts.com/ | https://login.axisdirect.in/ |
Web Trading Demo | Info Not Available | Web Trading Demo |
Mobile Site | ||
Mobile Trading | ||
Mobile Trading App | MVT Mobile | AxisDirect Ring Mobile App |
Mobile Trading App Demo | Info Not Available | AxisDirect Ring Mobile App Demo |
Android Mobile App | ||
Android App Download | Andriod MVT Mobile Download | Andriod AxisDirect Ring Mobile App Download |
iPhone Mobile App (IOS) | ||
iOS App Download | iOS MVT Mobile Download | iOS AxisDirect Ring Mobile App Download |
Android Tablet App | ||
iPad App (IOS) | ||
Trading Software Charges | Info Not Available | Yes, DirectTrade - Rs 2999 PA |
Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for MyValueTrade | Equity Intraday and Delivery Brokerage Calculator for AxisDirect |
Futures Brokerage Calculator | Futures Brokerage Calculator for MyValueTrade | Futures Brokerage Calculator for AxisDirect |
Options Brokerage Calculator | Options Brokerage Calculator for MyValueTrade | Options Brokerage Calculator for AxisDirect |
Detail | Detail on Trading Platforms for my-value-trade | Detail on Trading Platforms for axisdirect |
Compare MyValueTrade with AxisDirect on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - AxisDirect offers online mutual fund investment option where MyValueTrade doesn't offer. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.
Investment Offerings Compare | MyValueTrade | AxisDirect |
---|---|---|
Equity Cash and F&O | ||
Currency Deravitives | ||
Commodity | ||
Online IPO Application | ||
Mutual Funds | ||
Bond / NCD | ||
ETF | ||
Banking | ||
Insurance | ||
Forex | ||
MF SIP Investment | ||
Equity SIP Investment | ||
PMS Service | ||
Other Investment Options | NIL | NIL |
Order Type - Compare MyValueTrade with AxisDirect on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - AxisDirect provides Cover Orders (CO) where MyValueTrade doesn't offer,Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- AxisDirect offers Good Till Cancelled (GTC) orders where MyValueTrade doesn't support Good Till Cancelled (GTC) orders.
Order Type Compare | MyValueTrade | AxisDirect |
---|---|---|
CNC order | ||
MIS order | ||
NRML order | ||
Cover order | ||
Bracket order | ||
AMO-After Market Orders | ||
GTC-Good Till Cancelled |
Compare MyValueTrade with AxisDirect on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.
Customer Service Compare | MyValueTrade | AxisDirect |
---|---|---|
24/7 Customer Service | ||
Email Support | ||
Onine Live Chat | ||
Phone Support | ||
Toll Free Number | ||
Through Branches | ||
Customer Care Number | Info Not Available | 022-61480808 |
Account Opening Process | Info Not Available | Online |
Customer Support Email | Info Not Available | [email protected] |
Knowledge Center/Education | Info Not Available | https://simplehai.axisdirect.in/learn/overview |
Head Office Address | Info Not Available | Unit No. 2, Phoenix Market City, 15, LBS Road, Near Kamani Junction, Kurla (West), Mumbai- 400 070. |
Website | Info Not Available | https://simplehai.axisdirect.in |
Compare MyValueTrade with AxisDirect on research reports and tips provided by the broker.
Compare MyValueTrade with AxisDirect on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.
Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.
Demat AMC for AxisDirect is ₹500 pa where for MyValueTrade is ₹300 pa (Second year onwards).
Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.
Transaction charges on debit of ISIN for MyValueTrade is ₹15 where for AxisDirect is ₹10.You can see this charges on debit of Equity/Mutual Funds from your demat account.
This section covers about demat charges, demat service and other details
Compare MyValueTrade with AxisDirect on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
MyValueTrade | AxisDirect | |
---|---|---|
Pay In and Pay Out Options | Info Not Available | Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank. Pay-out/Fund Withdrawal - Bank Transfer only. |
Payout Time | Info Not Available | Instant to Axis Bank. |
Bank Supported and Charges | Info Not Available | Info Not Available |
Bank Detail | Info Not Available | Direct from your Axis bank account. |
Likes |
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Dislikes |
doesn't provide tips and recommendation; doesn't offer automated trading to its clients. |
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Special Offers/Promo | Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. | |
Enquiry | Open Zerodha Account Now>> | Open Zerodha Account Now>> |
Last Updated on 2019-07-08T23:37:28+00:00