MyValueTrade Vs Fyers Securities - Broker Comparison

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Account Opening & AMC Charges

Compare account opening charges and annual maintenance charges (AMC)

	Per Order Executed	Fixed Monthly Plan	Fyers
	MyValueTrade		Fyers Securities
Trading Account Opening Fee	₹555	₹555	-
Trading Account AMC	₹0	₹0	-
Demat Account Opening Fee	₹0	₹0	-
Demat Account AMC *	₹400	₹400	₹400

Brokerage Charges

Compare the commission charged by the brokers for the trades executed

	Per Order Executed	Fixed Monthly Plan	Fyers
	MyValueTrade		Fyers Securities
Monthly Fee	NA	₹1000 (unlimited trading)	NA
Equity Delivery	₹10	₹0	Free
Equity Intraday	₹10	₹0	.01% or ₹20 whichever is lower
Equity Future	₹10	₹0	.01% or ₹20 whichever is lower
Equity Options	₹10	₹0	₹20
Currency Futures	₹10	₹0	₹20
Currency Options	₹10	₹0	₹20
Commodity	₹10	₹0	NA

Transaction Charges (Per Crore)

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

	Per Order Executed	Fixed Monthly Plan	Fyers
	MyValueTrade		Fyers Securities
Equity Delivery	NSE ₹325 \| BSE ₹325	NSE ₹325 \| BSE ₹325	NSE ₹325 Per Cr
Equity Intraday	NSE ₹325 \| BSE ₹325	NSE ₹325 \| BSE ₹325	NSE ₹325 Per Cr
Equity Future *	NSE ₹300 \| BSE ₹150	NSE ₹300 \| BSE ₹150	NSE ₹240 Per Cr
Equity Options *	NSE ₹6000 \| BSE ₹3500	NSE ₹6000 \| BSE ₹3500	NSE ₹5900 Per Cr
Currency Futures *	NSE ₹120 \| BSE ₹100	NSE ₹120 \| BSE ₹100	NSE ₹175 Per Cr
Currency Options	NSE ₹4200 \| BSE ₹1000	NSE ₹4200 \| BSE ₹1000	NSE ₹6500 Per Cr

Other Charges

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

	Per Order Executed	Fixed Monthly Plan	Fyers
	MyValueTrade		Fyers Securities
Minimum Brokerage	₹10 or .01% whichever is lower	₹10 or .01% whichever is lower	-
Call & Trade	₹20 per executed order	₹20 per executed order	₹20 Per executed order
DP Charges (on sell side)	₹15 per scrip	₹15 per scrip	₹20 per script
Other Miscellaneous Charges	-	-	-

Demat Account Charges

Find charges for the best Demat Account for small investors

	Per Order Executed	Fixed Monthly Plan	Fyers
	MyValueTrade		Fyers Securities
Depository Service Provider	-	-	CDSL
Account Opening Fee	-	-	NIL
Advance Deposite	-	-	NIL
AMC	-	-	₹400 - Individual, ₹500 - Non Individual
Dematerialisation Charges	-	-	₹2 per certificate + ₹35 courier charges
Rematerialisation Charges	-	-	₹25
Transaction Charges (Credit)	-	-	₹0
Transaction Charges (debit)	-	-	Flat ₹20 + 5.5 (CDSL charges) [On and Off Market Orders]
Pledge Creation Charges	-	-	0.05% of the transaction value subject to a minimum of ₹50 and a maximum of ₹250
Pledge Creation Confirmation Charges	-	-	0.05% of the transaction value subject to a minimum of ₹50 and a maximum of ₹250
Pledge Invocation Charges	-	-	0.02% of the transaction value subject to a minimum of ₹50 + depository charges at actually
Failed Instruction Charges	-	-	₹30 per transaction
Other Charges	-	-	Cheque Bounce- ₹350/- Physical Statement - ₹50/- (Courier charges) Modification in CML - ₹50/- per request

Features

Compare key features offered the brokers.

	Per Order Executed	Fixed Monthly Plan	Fyers
	MyValueTrade		Fyers Securities
Trading Platform	OMNESYS NEST	OMNESYS NEST	FYERS Web FYERS One FYERS Markets

ProStocks Vs

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FAQs

Do I need to maintain any minimum balance in my ProStocks Trading Account?

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.

How much stamp duty I have to pay as a Maharashtra or a Rajasthan client?

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

Stamp Duty regulation has changed from 1st July 2020

Read more for RECENT STAMP DUTY RELATED CHANGES

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