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SBI Securities Vs MyValueTrade - Broker Comparison

Account Opening & AMC Charges

Compare account opening charges and annual maintenance charges (AMC)

SBICAP Securities Ltd MyValueTrade
eZ-trade Per Order Executed Fixed Monthly Plan
Trading Account Opening Fee ₹850 ₹555 ₹555
Trading Account AMC ₹0 ₹0 ₹0
Demat Account Opening Fee ₹0 ₹0 ₹0
Demat Account AMC * ₹350 ₹400 ₹400

Brokerage Charges

Compare the commission charged by the brokers for the trades executed

SBICAP Securities Ltd MyValueTrade
eZ-trade 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 ₹100 per lot ₹10 ₹0
Currency Futures 0.03% ₹10 ₹0
Currency Options ₹30 per lot ₹10 ₹0
Commodity NA ₹10 ₹0

Transaction Charges (Per Crore)

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

SBICAP Securities Ltd MyValueTrade
eZ-trade Per Order Executed Fixed Monthly Plan
Equity Delivery NSE ₹386 | BSE ₹384 NSE ₹325 | BSE ₹325 NSE ₹325 | BSE ₹325
Equity Intraday NSE ₹386 | BSE ₹384 NSE ₹325 | BSE ₹325 NSE ₹325 | BSE ₹325
Equity Future * NSE ₹221 NSE ₹300 | BSE ₹150 NSE ₹300 | BSE ₹150
Equity Options * NSE ₹5515 NSE ₹6000 | BSE ₹3500 NSE ₹6000 | BSE ₹3500
Currency Futures * NSE ₹221 NSE ₹120 | BSE ₹100 NSE ₹120 | BSE ₹100
Currency Options NSE ₹5515 NSE ₹4200 | BSE ₹1000 NSE ₹4200 | BSE ₹1000

Other Charges

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

SBICAP Securities Ltd MyValueTrade
eZ-trade Per Order Executed Fixed Monthly Plan
Minimum Brokerage 5 paisa for Eq Cash | 1 paisa for Eq future ₹10 or .01% whichever is lower ₹10 or .01% whichever is lower
Call & Trade ₹10 per call after first 30 free calls ₹20 per executed order ₹20 per executed order
DP Charges (on sell side) 0.01% (Minimum ₹21, Maximum ₹300) ₹15 per scrip ₹15 per scrip
Other Miscellaneous Charges - - -

Demat Account Charges

Find charges for the best Demat Account for small investors

SBICAP Securities Ltd MyValueTrade
eZ-trade Per Order Executed Fixed Monthly Plan
Depository Service Provider CDSL - -
Account Opening Fee

Nil

 - -
Advance Deposite

Nil

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AMC

Individual Account with POA: ₹400 (₹350 for e-statement)

Individual Account without POA: ₹700

Corporate Account with POA: ₹800

Individual Account without POA: ₹1700

BSDA Account: DP holding < 50,000: Nil, DP holding > 50,000 <=2 Lac ₹100

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Dematerialisation Charges

₹5 per cert + ₹35 courier charges per request

- -
Rematerialisation Charges

₹35 Per Request + CDSL Charges i.e. ₹10 per 100 securities or part quantity

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

Through POA - 0.01% of the transaction value (Minimum of ₹21 and Maximum of ₹300) per ISIN

Through DIS - 0.04% of the transaction value (Minimum of ₹30) per ISIN

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Pledge Creation Charges

If SSL / SBI is the counter party: 0.02% of Value or Min ₹25 whichever is higher + CDSL charges

If SSL / SBI is not the counter party: 0.04 % of the transaction value subject to a Minimum of ₹50 per ISIN instruction + CDSL Charges

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Pledge Creation Confirmation Charges

If SSL / SBI is the counter party: 0.02% of Value or Min ₹25 whichever is higher + CDSL charges

If SSL / SBI is not the counter party: 0.04 % of the transaction value subject to a Minimum of ₹50 per ISIN instruction + CDSL Charges

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Pledge Invocation Charges

If SSL / SBI is the counter party: 0.02% of Value or Min ₹25 whichever is higher + CDSL charges

If SSL / SBI is not the counter party: 0.04 % of the transaction value subject to a Minimum of ₹50 per ISIN instruction + CDSL Charges

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Failed Instruction Charges

₹10 per failed instruction.

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Other Charges - - -

Features

Compare key features offered the brokers.

SBICAP Securities Ltd MyValueTrade
eZ-trade Per Order Executed Fixed Monthly Plan
Trading Platform ODIN OMNESYS NEST OMNESYS NEST

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