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Trade Smart Online Vs MyValueTrade - Broker Comparison

Account Opening & AMC Charges

Compare account opening charges and annual maintenance charges (AMC)


Trade Smart Online MyValueTrade
Power Plan (₹15/Order) Value Plan Infinity Plan (Unlimited Trading) Per Order Executed Fixed Monthly Plan
Trading Account Opening Fee ₹200 ₹200 ₹200 ₹555 ₹555
Brokerage Account AMC ₹0 ₹0 ₹0 ₹0 ₹0
Demat Account Opening Fee ₹200 ₹200 ₹200 ₹0 ₹0
Demat Account AMC * ₹300 ₹300 ₹300 ₹400 ₹400

Brokerage Charges

Compare the commission charged by the brokers for the trades executed


Trade Smart Online MyValueTrade
Power Plan (₹15/Order) Value Plan Infinity Plan (Unlimited Trading) Per Order Executed Fixed Monthly Plan
Monthly Fee NA NA ₹3999 (unlimited equity and F&O trading)

₹1999 (unlimited currency trading)

₹3999 (unlimited commodity trading)
NA ₹1000 (unlimited trading)
Equity Delivery ₹15 0.01% ₹0 ₹10 ₹0
Equity Intraday ₹15 0.01% ₹0 ₹10 ₹0
Equity Future ₹15 0.01% ₹0 ₹10 ₹0
Equity Options ₹15 ₹7 per lot ₹0 ₹10 ₹0
Currency Futures ₹15 0.01% ₹0 ₹10 ₹0
Currency Options ₹15 ₹7 per lot ₹0 ₹10 ₹0
Commodity ₹15 0.01% ₹0 ₹10 ₹0

Transaction Charges (Per Crore)

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


Trade Smart Online MyValueTrade
Power Plan (₹15/Order) Value Plan Infinity Plan (Unlimited Trading) Per Order Executed Fixed Monthly Plan
Equity Delivery ₹350 ₹350 ₹350 NSE ₹325 | BSE ₹325 NSE ₹325 | BSE ₹325
Equity Intraday ₹350 ₹350 ₹350 NSE ₹325 | BSE ₹325 NSE ₹325 | BSE ₹325
Equity Future * ₹240 ₹240 ₹240 NSE ₹300 | BSE ₹150 NSE ₹300 | BSE ₹150
Equity Options * ₹7150 ₹7150 ₹7150 NSE ₹6000 | BSE ₹3500 NSE ₹6000 | BSE ₹3500
Currency Futures * ₹165 ₹165 ₹165 NSE ₹120 | BSE ₹100 NSE ₹120 | BSE ₹100
Currency Options ₹6000 ₹6000 ₹6000 NSE ₹4200 | BSE ₹1000 NSE ₹4200 | BSE ₹1000
Commodity ₹390 ₹390 ₹390 MCX ₹250 MCX ₹250

Other Charges

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


Trade Smart Online MyValueTrade
Power Plan (₹15/Order) Value Plan Infinity Plan (Unlimited Trading) Per Order Executed Fixed Monthly Plan
Minimum Brokerage ₹15 ₹15 ₹15 ₹10 or .01% whichever is lower ₹10 or .01% whichever is lower
Call & Trade Rs 20 per executed order Rs 20 per executed order Rs 20 per executed order ₹20 per executed order ₹20 per executed order
Stamp Duty * Tamil Nadu 0.006% | Other States 0.002% (Eq Intraday, Futures, Options and Currencies) and 0.01% (Eq Delivery) Tamil Nadu 0.006% | Other States 0.002% (Eq Intraday, Futures, Options and Currencies) and 0.01% (Eq Delivery) Tamil Nadu 0.006% | Other States 0.002% (Eq Intraday, Futures, Options and Currencies) and 0.01% (Eq Delivery) Charges as per the state of residence Charges as per the state of residence
DP Charges (on sell side) Rs 15 per script Rs 15 per script Rs 15 per script ₹15 per scrip ₹15 per scrip

Features

Compare key features offered the brokers.


Trade Smart Online MyValueTrade
Power Plan (₹15/Order) Value Plan Infinity Plan (Unlimited Trading) Per Order Executed Fixed Monthly Plan
Trading Platform NEST, NOW NEST, NOW NEST, NOW OMNESYS NEST OMNESYS NEST

Demat Account Charges

Find charges for the best Demat Account for small investors


Trade Smart Online MyValueTrade
Power Plan (₹15/Order) Value Plan Infinity Plan (Unlimited Trading) Per Order Executed Fixed Monthly Plan
Depository Service Provider CDSL CDSL CDSL - -
Account Opening Fee

Nil

Nil

Nil

- -
Advance Deposite

Nil

Nil

Nil

- -
AMC

Individual Account: ₹300 per year

Corporate Account: ₹800 per year

Individual Account: ₹300 per year

Corporate Account: ₹800 per year

Individual Account: ₹300 per year

Corporate Account: ₹800 per year

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Dematerialisation Charges

₹500 per certificate per market lot of 100 shares or less and minimum ₹500 per request.

₹500 per certificate per market lot of 100 shares or less and minimum ₹500 per request.

₹500 per certificate per market lot of 100 shares or less and minimum ₹500 per request.

- -
Rematerialisation Charges

₹500 per certificate per market lot of 100 shares or less and minimum ₹500 per request.

₹500 per certificate per market lot of 100 shares or less and minimum ₹500 per request./p>

₹500 per certificate per market lot of 100 shares or less and minimum ₹500 per request.

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

₹25 minimum or 0.02% which ever is higher. In case of BSDA ₹50 or 0.02% whichever is higher.

₹25 minimum or 0.02% which ever is higher. In case of BSDA ₹50 or 0.02% whichever is higher.

₹25 minimum or 0.02% which ever is higher. In case of BSDA ₹50 or 0.02% whichever is higher.

- -
Pledge Creation Charges

₹200 per scrip

₹200 per scrip

₹200 per scrip

- -
Pledge Creation Confirmation Charges

Nil

Nil

Nil

- -
Pledge Invocation Charges

₹200 minimum or 0.01% which ever is higher

₹200 minimum or 0.01% which ever is higher

₹200 minimum or 0.01% which ever is higher

- -
Failed Instruction Charges

Nil

Nil

Nil

- -
Other Charges

Late instruction: 0.1% scrip value

Physical transaction statement: ₹50 per BO statement plus courier charges

Late instruction: 0.1% scrip value

Physical transaction statement: ₹50 per BO statement plus courier charges

Late instruction: 0.1% scrip value

Physical transaction statement: ₹50 per BO statement plus courier charges

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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.