My Value Trade Review, Brokerage Charges, Demat Account & more

My Value Trade is a stockbroker organization commending its 34 years task. It is a full-service stock trading company that offers result-driven products and services. Apart from managing Equity and Commodity Options Trading, they provide a wide range of stock trading, mutual funds, and insurance related services.

With more than 155 client surveys, this New Delhi based stockbroker company is as effective as its inception. Their biggest UPS is the dynamic brokerage fees which happens to be one of the lowest in the market.

They offer an average Exposure/Leverage proportion but conveys quality client support. Some accomplished stock brokers contend that they come up short on the conviction to facilitate benefits to their trading associates. At the same time, it doesn’t change the way that they are a standout among the best stockbroker organizations in India at this moment.

Value Trade


My Value Trade Customer Ratings & Review

Experience2.5/5
Products & Services3.4/5
Brokerage Charges & Fees3.3/5
Stock Research & Advisory2.6/5
Trading Platforms2.4/5
Overall Ratings2.7/5
Star Ratings★★★☆☆
Total Client Reviews155

 


About My Value Trade

Company TypePublic
Broker TypeDiscount Broker
HeadquartersNew Delhi
FounderHarjeet S Arora
Established Year1985

My Value Trade

My Value Trade is a Public company which is a  pioneer in Stockbroker industry, especially in northern India. Consolidated in the year 1985, Harjeet S Arora introduced the first working unit in parts of New Delhi, the capital India.

My Value Trade has constructed its character and figured out how to encourage its new and existing trading associates. The company is in operation from 380 branches scattered all around India since its inception 34 years prior. Ideally, they will keep on conveying their products and services as well as the market demands.


Open Demat Account with My Value Trade

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    My Value Trade Brokerage Charges

    Equity Delivery Trading0.1% – 0.2%
    Equity Intraday Trading0.01% – 0.02%
    Commodity Options Trading0.01% – 0.02%
    Equity Futures Trading0.01% – 0.02%
    Equity Options TradingRs.10 – Rs.20 per Lot
    Currency Futures Trading0.01% – 0.02%
    Currency Options TradingRs.7 – Rs.10 per Lot
    Minimum BrokeragePercentage of Transaction
    Demat AMC ChargesRs.300 per Annum
    Trading AMC ChargesFree
    Margin MoneyMinimum Rs.1,000
    Brokerage CalculatorMy Value Trade Brokerage Calculator

    As mention before, the brokerage fee is one of the significant factors behind the success of My Value Trade. The brokerage fee they charge is dynamic which ranges between 0.1% – 0.2%. To add to that, they charge between 0.01% – 0.02% for Equity Intraday, Commodity Options, Equity Futures, and Currency Futures Trading.

    Another important aspect is the Currency Options and Equity Options Trading fees which ranges be ₹7 – ₹10 per lot and ₹10 – ₹20 per lot respectively. The minimum margin money amount is ₹1,000.


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    My Value Trade Other Charges

    Transaction Charges0.00290%
    STT0.0126% of Total Turnover
    SEBI Turnover Charges0.0002% of Total Turnover
    Stamp DutyDepends on State (very minimal)
    GST18% of (Brokerage + Transaction Charges)

    A few other nominal fees are first, the Transaction Charges of 0.00290%. Second, the STT of 0.0126% on Total Turnovers. Third, the SEBI Turnover Charges of 0.0002% also on Total Turnovers. Forth, the Stamp Duty which varies from state to state. Fifth and final, the GST of 18%.

    The amount is the brokerage fees along with the total transaction cost. These additional fees don’t create much difference in a trader’s profit margin as these are very nominal fees.


     

    My Value Trade Demat Account Opening Fees

    Depository SourceCDSL & NSDL
    Account Opening ChargesRs.300
    Demat AMC ChargesRs.300 per Annum
    Trading AMC ChargesFree
    Margin MoneyMinimum Rs.1,000
    Offline to OnlineYes

    To open an account with My Value Trade, the traders must pay ₹300. This amount includes the cost to open a free Demat and Trading accounts.

    However, for the AMC of Demat account, they charge ₹300, whereas, for Trading accounts, there are no fees involved. Traders should fee well as My Value Trade provides both offline and online support in its respective trading platforms.


    My Value Trade Offers

    Free Demat AccountNo
    Free Trading AccountYes
    Discount on BrokerageYes
    Trading Happy HoursNo
    Flexible Brokerage PlansYes
    1 Month Brokerage FreeYes
    Holiday OffersYes
    Referral OffersNo
    Zero Brokerage for Loss Making TradesNo

    My Value Trade offers free Demat and Trading account opening. However, they charge ₹300 for AMC of the Demat account which is free of cost for Trading accounts. They offer lucrative discounts on Brokerage fees occasionally and also provides flexible Brokerage plans too.

    Even though they didn’t facilitate Trading Happy Hours, new traders should be thrilled as they offer 1-month brokerage fee rebates while trading. They also have excellent Holiday Offers for privileged traders. Up until yet, they don’t provide any deduction or discounts if any trader suffers a loss while trading.


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    How to Open a Demat Account with My Value Trade?

    My Value Trade offers a hassle-free account opening. Here are the steps that the traders should follow:

    • The traders have to log on to the official website of My Value Trade. There they will get an option “OPEN AN ACCOUNT.” The traders have to click on the option to get the Request Call Back form.
    • Then the traders need to generate a call request by filling up the form. Then they will get a call from My Value Trade. The representative will ask for the KYC documents and will send you the payment link for account opening.
    • Then, the traders must submit all the necessary KYC documents. Once My Value Trade verifies the records, the traders have to pay ₹300 as registration fees.
    • After that, they will grant access to your account. The Demat and Trading account opening is free of cost; therefore, the traders will get access to that as well.

    Why Open My Value Trade Trading Account?

    My Value Trade is one of the oldest private limited stock broking institutions in India. They are also one of the top-notch service providers when anyone considers opening a Demat account. Here are some worth mentioning reasons:

    • Very aggressive brokerage fee which draws the attention among the traders.
    • They provide an extensive range of stock trading, mutual funds, and insurance related services.
    • They have vast experience in the stock trading industry.

    Get a Call back from My Value Trade

      Fill Your Details Here
      1. Open Demat Account

      My Value Trade Products & Services:

      Here are the list of Products provided by My Value Trade:

      Products Offered by My Value Trade

      Equity TradingYes
      Commodity TradingYes
      Currency TradingYes
      OptionsYes
      FuturesYes
      Mutual FundsYes
      ForexNo
      BankingNo
      SIPYes
      InsuranceYes

      My Value Trade Service Offerings

      Demat ServicesYes
      Trading ServicesYes
      3 in 1 AcountNo
      Intraday ServicesYes
      IPO ServicesYes
      Stock RecommendationsYes
      Robo AdvisoryNo
      PMSYes
      Trading InstitutionNo
      Trading ExposureUpto 5X

      My Value Trade offers a consistent service in Equity Trading, Currency Trading, Options, Futures, Mutual Funds, and Insurance activities. They don’t explore services related to Forex and Banking up until yet.

      My Value Trade deals with Demat and Trading accounts. Something which we have discussed a few times. However, what’s fascinated is the Intraday and IPO related services backed by an excellent Stock Recommendation service. With the compelling PMS service, they almost cover all the essential stock trading areas. My Value Trade is not a certified Trading Institution, yet they manage to provide up to 5x trading exposer.


       

      My Value Trade Research, Advisory and Stock Tips

      Fundamental ReportsYes
      Research ReportsYes
      Company ReportsNo
      Annual ReportsNo
      Company Stock ReviewNo
      Free Stock TipsYes
      IPO ReportsYes
      Top PicksNo
      Daily Market ReviewYes
      Monthly ReportsYes
      Weekly ReportsYes
      Offline AdvisoryYes
      Relationship ManagerYes

      My Value Trade provides a decent Research & Advisory service which almost cover all the necessary elements of the stock trading industry. Here is what they offer to their trading associates:

      • They provide Fundamental reports.
      • They provide Research reports.
      • They provide Free Stock Tips.
      • They provide IPO reports.
      • They provide daily, weekly and monthly Market Reviews.
      • They provide Offline Advisory.
      • They provide dedicated Relationship Managers.

      My Value Trade Exposure or Leverage

      Equity DeliveryUpto 2X
      Equity IntradayUpto 5X
      Equity FuturesUpto 2X
      Equity OptionsUpto 4X
      Currency FuturesUpto 3X
      Currency OptionsUpto 3X
      CommoditiesUpto 2X
      Margin CalculatorMy Value Trade Margin Calculator

      For Equity Delivery, My Value Trade offers just a maximum of 2x Exposure or Leverage. They offer the same ratio for Equity Futures and Commodities.

      However, they provide handsome exposure or leverage for Equity Intraday with up to 5x. They also deliver Equity Options of up to 4x, and for Currency Futures and Currency Options, they have stuck to a maximum of 3x.


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      My Value Trade Trading Platforms

      Here are the thorough details on various trading platforms offered by My Value Trade to its consumers. All the platforms have been established in-house and always get progressed on an unremitting basis.

      Desktop Platform – WindowsYes
      Desktop Platform – MacYes
      Desktop Browser PlatformYes
      Mobile Site PlatformYes
      Android App PlatformYes
      iOS App PlatformYes
      Windows App PlatformNo
      Other Mobile OS PlatformNo
      Real time UpdatesYes
      Portfolio DetailsYes
      Online MF BuyYes
      News FlashYes
      Research ReportsYes
      Easy InstallationYes
      Global IndicesYes
      Stock TipsYes
      Personalized AdvisoryNo
      Interactive ChartsYes
      Live MarketsYes
      SMS AlertsYes
      Email AlertsYes
      Multi Account ManagementNo

      My Value Trade delivers high-end trading platforms. The features furnished to each of their platforms are important and fitting:

      My Value Trade Trading Terminal:

      My Value Trade issues with an easy installation desktop application made for both for Windows and Apple users. Interestingly, it contains all the essential in-built characteristics like real-time updates, Global indices, Portfolio Details, Online MF Buy and many more. They also provide crucial inputs via Interactive Charts and Live Markets updates. Overall a brilliant application that serves the cause correctly.

      My Value Trade Web Trading Platform:

      My Value Trade is committed to delivering a fitting experience in the through its Web trading platform. Just like the desktop application, this browser version has all the features that the other platforms have. The web trading platform not mobile responsive; therefore, add extra value to the overall user experience.

      My Value Trade Mobile App:

      My Value Trade offers a fully operational mobile app. The trading platform is available in both Android and iOS version which is available at their site or Google Playstore/ Apple Store. The app not only has all the characteristics but also facilitated with SMS notification and email alerts. The Multi-Account Management option and Personalized Advisory options are the lacking features in the app.


      My Value Trade Customer Care

      Dedicated DealerYes
      Offline TradingYes
      Online TradingYes
      24*7 SupportNo
      Email SupportYes
      Chat SupportNo
      Toll Free NumberNo
      Branches380

      My Value Trade conveys conventional client support through their Dedicated Dealers. They have 380 branches prepared to serve its exchanging partners.

      Interestingly, they render both Offline and Online administrations to the merchants. No 24×7 administration, no live talk backing or without toll number help, however, they have responsible email bolster service which is very responsive indeed.


      My Value Trade Complaints and Feedback

      Find the list of complaint against My Value Trade:

      Lodged in BSE1
      Resolved in BSE1
      Lodged in NSE5
      Resolved in NSE5
      Percentage of No. of Complaints Received Against Number of Active Clients0.71

      There are few objections have been propelled against My Value Trade amid these 34 years in operation. Exactly five complaints from NSE and five from BSE separately.

      The facts confirm that these details are against their notoriety yet the level of the number of grievances got against the number of dynamic customers is 0.71% which is genuinely recommendable for a stockbroker organization.


      My Value Trade Disadvantages:

      Like every company, they do have some drawbacks that one should consider. Here is a list:

      • They are still a private limited company instead of 34 years of operation.
      • They provide an average ratio for trading exposer and leverage.
      • The trading platforms have some issues which decrease the overall user experience.

      My Value Trade Conclusion

      My Value Trade has finished 34 years in the stockbroking business. Naturally, it has been an exciting ride for them and the brokers related to them. The positives are the scope of administrations they offer less the Commodity Options Trading with first-class exchanging stage involvement.

      The negatives are the different Exposure/Leverage proportion alongside the number of complaints issued against them. In any case, they appear to be committed to the services they offer and ideally removed their negatives to improve the general client experience which is fair right now.


      Open Demat Account with My Value Trade

        Fill Your Details Here
        1. Open Demat Account

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