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MyValueTrade Vs Fyers Securities - Broker Comparison

Account Opening & AMC Charges

Compare account opening charges and annual maintenance charges (AMC)

MyValueTrade Fyers Securities
Per Order Executed Fixed Monthly Plan Fyers
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

MyValueTrade Fyers Securities
Per Order Executed Fixed Monthly Plan Fyers
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)

MyValueTrade Fyers Securities
Per Order Executed Fixed Monthly Plan Fyers
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.

MyValueTrade Fyers Securities
Per Order Executed Fixed Monthly Plan Fyers
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

MyValueTrade Fyers Securities
Per Order Executed Fixed Monthly Plan Fyers
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.

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

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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