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India Infoline (IIFL) Vs MyValueTrade - Broker Comparison

Account Opening & AMC Charges

Compare account opening charges and annual maintenance charges (AMC)


India Infoline Limited MyValueTrade
Standard Plan Per Order Executed Fixed Monthly Plan
Trading Account Opening Fee ₹750 ₹555 ₹555
Trading Account AMC ₹0 ₹0 ₹0
Demat Account Opening Fee ₹555 ₹0 ₹0
Demat Account AMC * ₹300 ₹400 ₹400

Brokerage Charges

Compare the commission charged by the brokers for the trades executed


India Infoline Limited MyValueTrade
Standard Plan Per Order Executed Fixed Monthly Plan
Monthly Fee NA NA ₹1000 (unlimited trading)
Equity Delivery 0.50% ₹10 ₹0
Equity Intraday 0.05% ₹10 ₹0
Equity Future 0.05% ₹10 ₹0
Equity Options 1% of premium or ₹100 per lot
(whichever is high)
₹10 ₹0
Currency Futures 0.05% ₹10 ₹0
Currency Options 1% of premium or ₹100 per lot
(whichever is high)
₹10 ₹0
Commodity 0.05% ₹10 ₹0

Transaction Charges (Per Crore)

Compare Transaction Charges (Exchange Turnover Charges + Clearing Charges or PCM Fee)


India Infoline Limited MyValueTrade
Standard Plan Per Order Executed Fixed Monthly Plan
Equity Delivery ₹325 NSE ₹325 | BSE ₹325 NSE ₹325 | BSE ₹325
Equity Intraday ₹325 NSE ₹325 | BSE ₹325 NSE ₹325 | BSE ₹325
Equity Future * ₹210 NSE ₹300 | BSE ₹150 NSE ₹300 | BSE ₹150
Equity Options * ₹5100 NSE ₹6000 | BSE ₹3500 NSE ₹6000 | BSE ₹3500
Currency Futures * ₹210 NSE ₹120 | BSE ₹100 NSE ₹120 | BSE ₹100
Currency Options ₹5100 NSE ₹4200 | BSE ₹1000 NSE ₹4200 | BSE ₹1000

Other Charges

Compare miscellaneous charges, minimum fees and add-on service rates.


India Infoline Limited MyValueTrade
Standard Plan Per Order Executed Fixed Monthly Plan
Minimum Brokerage ₹0.05 per share ₹10 or .01% whichever is lower ₹10 or .01% whichever is lower
Call & Trade - ₹20 per executed order ₹20 per executed order
Stamp Duty * Charges as per the state of residence Charges as per the state of residence Charges as per the state of residence
DP Charges (on sell side) 0.04% (minimum ₹25 per debit transaction) ₹15 per scrip ₹15 per scrip
Other Miscellaneous Charges - - -

Features

Compare key features offered the brokers.


India Infoline Limited MyValueTrade
Standard Plan Per Order Executed Fixed Monthly Plan
Trading Platform Trader terminal OMNESYS NEST OMNESYS NEST

Demat Account Charges

Find charges for the best Demat Account for small investors


India Infoline Limited MyValueTrade
Standard Plan Per Order Executed Fixed Monthly Plan
Depository Service Provider CDSL - -
Account Opening Fee

Nil

- -
Advance Deposite

Nil

- -
AMC

₹400 + GST

- -
Dematerialisation Charges

₹15 per certificate + ₹40 as postal charges

- -
Rematerialisation Charges

₹15 per certificate or ₹15 for every 100 securities or part thereof whichever is higher + ₹40 for courier

- -
Transaction Charges (Credit) - - -
Transaction Charges (debit)

0.04% of the value of the transaction, subject to min ₹25 per instruction

- -
Pledge Creation Charges

₹50

- -
Pledge Creation Confirmation Charges

Nil

- -
Pledge Invocation Charges

Nil

- -
Failed Instruction Charges

Nil

- -
Other Charges

Nil

- -

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FAQs

No, there is no minimum balance / margin requirement while opening trading account with ProStocks. You only need to pay Rs 1000 as refundable deposit for demat account.  Later on, you can transfer funds as per your trading requirements.

We are charging .01% or Max Rs 50 per day as stamp duty except clients with Maharashtra address. Maharashtra clients pay .01% for Delivery and .002% for Intraday, Equity F&O and Currency Derivatives.