My Value Trade (MVT) Review
My Value trade is a discount broker established in the year 1985 by Mr. Deepak Agarwal. It is the part of Master Capital services aka Master Trust Group is one of the top leading financial services firms in India with over 1.5 lacs clients.
However, this Group started its discount brokerage business in the year 2014. My Value Trade provides a variety of services including flat-fee trading plans and unlimited monthly and yearly trading plans at a very competitive brokerage.
My Value Trade review helps the user to extract the best out of the trade platform and services without any lack.
Most importantly this broker offers a single all in one trading platform for all trading exchanges which allows producing a hassle-free trading experience.
With just a single log in the user can use all the services including trading, back office, Demat account reports, analytics, and funds pay-in / payouts.
My Value Trade is a Ludhiana based discount stockbroker with a claimed turnover of Rs. 4500 crores per day. It is nearly impossible to find a discount broker offering the lowest brokerage possible.
The master trust group offers dedicated customer care services with 24 x 7 supports. The discount broker holds an active client base of 46,070 as per NSE.
Here are all trading and investments services offered across all segments:
- Equity
- Mutual funds
- Derivative Trading
- Currency Trading
- Commodity Trading
- Bonds
My Value Trade Trading Software and Platforms
Here we have mentioned detailed information about all offered trading platforms by My Value Trade to its users.
All the trading platforms offered by this trading broker are fully in house developed and gets continuously updated with new features and better optimization.
My Value Trade provides advanced technology integrated trading terminals for its investors.
Some of the main trading platforms are mentioned below:
I. MVT TRADER – DESKTOP Based Trading Platform
This is an easy installable desktop trading application both for Windows and Apple users.
This desktop-based software offers you with the following features:
- It comes with various advanced charting with more than 40 technical indicators. It mainly helps in analyzing the best and the worst timing for buying and selling.
- It is integrated with a unique social media feature, with which you can check twitter feeds of your account within the software itself. To get the notifications all you need to integrate your Twitter account.
- The investors will get real-time NSE stock updates. It offers to cut 52 weeks of highs and lows.
- You can check 4 live business channels with the trading platform while performing trading
- Being a user you can personalize and customize the setting of the trading platform as per trading pattern and preferences. It includes various types of complex charting functions.
II. MVT CLASSIC – Web Based Trading Platform
This is a web browser-based trading platform that offers a high-quality trading experience with true commitment in just a web-based platform. Most importantly the web browser-based application offers all the features that other trading platforms integrated with.
Here are some of the main features of MVT Classic- Web:
- The trading process includes easy one-time sign-on for easy flexible trading experience.
- It offers access to multiple research reports, charts, back office reports and various types of analysis within the platform.
- It is compatible with every web browser available in the market.
- The user can access all market segments using the web browser-based trading platform. It mostly includes currency, commodity, equity, and derivative with all technical charts.
III. MY VALUE TRADE –MVT MOBILE APP
This is a well-optimized mobile trading platform offered by this discount broker. It is available for almost all mobile based platforms. The app is integrated with all trading characteristics including SMS, emails and multiple alert notifications.
We are here to discuss the best features of this mobile app:
- It comes with dual security embedded, the first one is the login password and the second one is the trading password to offer extra protection against any fraud.
- It offers various real-time quotes from all types of scrips across multiple trading segments. It includes a quick notes facility to provide bid size, change in percentage, the last price of the trade and many more.
- It also provides users with minute level trading tips and information to help them in performing the most effective trading decision.
- The mobile application helps the user to sort out all the notifications based on interest or trading patterns and preferences.
- The main advantage of this mobile trading app is that it comes with a market watch list sync feature integrated. The users can check the entire list crested on their MVT Trader and MVT Classic platforms.
My Value Trade Research Report And Advisory Trading Tips
This Old discount broker offers valuable research reports and other services including advisory tips and recommendations. Most importantly the broker covers almost every trading segment.
Here are some reports My Value Trade Offers to its clients are:
- Market research reports
- Free stock tips
- IPO Reports
- Market Reviews on a daily, weekly and monthly basis.
- Advisory over offline channels
- It offers dedicated Relationship Managers
Customer Care, Support and Office Addresses
This discount broker always tries to offer the best supports to its clients via multiple communication channels including:
- Email Assistance
- Over phone
- Via Web Chat
- Social Media
The discount broker offers reasonable and effective customer service. The quality is quite well maintained through its small team base.
However, the customer assistance service is on the lower side and it is recommended not to rely much on them.
When a user asks for certain issues faced while trading, they simply offer copy-pasted resolutions and mostly the generic answers.
So being a client you will never receive a deserving experience while trading with this discount broker.
I. Customer care numbers, addresses, and E-Mail ids.
| Head Office | Ludhiana SCO 19, Master Chambers, Feroze Gandhi Market, Ludhiana – 141001 Phone No: +91-161-3911500 Fax: +91-161-2402963 |
| Zonal Offices | Chandigarh SCO 22-23, Sector 9D, Madhya Marg, Chandigarh -160009 Phone No: +91-172-4848000 Fax: +91-172-2745865 New Delhi 1012, 10th Floor, Arunachal Building, 19, Barakhamba Road, New Delhi – 110001 Phone No: +91-11-42111000 Fax: +91-11-42111040 Mumbai 427, Arenja Corner, Sector-17, Vashi, New Mumbai – 400703 Phone No: +91-22-40675300-20 , 40675353 Fax: +91-22-66733121 |
| [email protected] | |
| Website | www.myvaluetrade.com |
| Contact Nos. (For Queries) | 0120 – 6223333 |
| Email (For Queries And Information) | [email protected] |
| Mail your letters at | Customer Care Desk MASTER TRUST 1012, Arunachal Building, 19, Barakhamba Road, New Delhi – 110001. |
II. My Value Trade Customer Ratings
| Segments | Ratings |
| Experience | 2.5 out of 5 |
| Products & Services | 3.4 out of 5 |
| Brokerage Charges & Fees | 3.3 out of 5 |
| Stock Research & Advisory | 2.6 out of 5 |
| Trading Platforms | 2.4 out of 5 |
| Overall Ratings | 2.7 out of 5 |
My Value Trade Prices and Charges
Considering the pricing range of this discount product it includes transaction charges, stamp duty, brokerage charges and taxes like GST and SEBI charges, etc. We recommended every user to understand every charge levied by the broker before opening a trading account.
After finalizing the prices, it’s always better to get it documented or emailed from their official email Id for future references.
I. My Value Trade Account Opening Charges
For opening a trading account with this stockbroker all you need to give a certain amount of charges as mentioned below:
| Account Types And Segments | Charges |
| For Opening A Trading Account | Rs. 0 |
| For Opening A DEMAT Account | Rs. 300 |
| Trading (AMC) | Rs. 0 |
| DEMAT (AMC) | Rs. 300 per year |
| Minimum Margin Money | Rs 1000 |
| Support For Offline To Online | Yes |
To open an account with My Value Trade the investors need to pay Rs 300. In addition, the broker levied Rs.300 per year as the AMC for DEMAT Account.
However, for trading accounts AMC they don’t charge anything from the user. The trader must maintain the minimum margin money of Rs. 1000 in their trading account. The broker also offers both offline and online support in all trading segments.
II. My Value Trade Brokerage Charges and Plans
This discount broker offers some interesting brokerage plans in both order levels as well as on monthly and yearly levels. My Value Trade provides two different types of brokerage plans to their clients based on their interests and trading pattern and preferences.
1. A Generic Per Order Level Brokerage
With this trading brokerage plan, the user will be charged as per executed orders. My Value Trade is one of the best stockbrokers to offer the cheapest brokerage.
This brokerage plan will cost you only Rs. 10 per order. It has no extra charges or monthly brokerage that you need to pay later.
The brokerage depends on your number of traded orders, and you will be charged Rs. 10 for each executed order across all trading segments.
The trading categories include Currency Futures, Equity Delivery, Equity Intraday, Currency Options, Equity Futures, commodity and Equity Options.
A Fixed Level Brokerage
In this trading brokerage plan, you will be charged with a fixed amount without any additional hidden charges. With this plan, you can trade unlimited numbers of orders without worrying about the brokerage charges.
MVT imposes Rs. 1000 as a fixed monthly brokerage for unlimited trades and orders across all segments.
In addition, the Discount Broker offers a yearly plan of Rs.10000 to their clients instead of Rs.12000 for 12 monthly charges.
Now in the below-mentioned table, we had collected all the brokerage plans details in a summarized manner for effective understanding:
| Brokerage Plans | Brokerage Rates |
| Per Executed Order Plan | Rs 10 Per Order |
| Per Month Plan | Rs 1000 Per Month |
| Per Year Plan | Rs 10000 Per Year |
III. My Value Trade Transaction Charges
Apart from brokerage charges every broker charges some transaction charges over the trade or orders the client places using its trading terminals. Here are some transaction charges based on percentage schemes:
| Segments | Transaction Charges |
| Equity Futures | 0.00300% |
| Equity Options | 0.0600% |
| Equity Delivery | 0.00325% |
| Equity Intraday | 0.00325% |
| Currency Options | 0.04200% |
| Currency Futures | 0.00120% |
On comparing with other discount brokers My Value Trade levied bit higher transaction charges. As these are percentage-based charges so the user has to pay more with more the trade performed.
However, you can negotiate the charges with your broker with discussion and get it documented on paper or via Email.
This broker charges 0.00120% on Currency Futures, 0.00325% on Equity Intraday, 0.04200% on Currency Options, 0.00300% on Equity Futures, 0.0600% on Equity Options and lastly 0.00325% on Equity delivery as transaction charge.
IV. My Value Trade Other Charges
Apart from the above-mentioned charges the trader needs to pay one more nominal charge. This mainly includes some charges:
| Segments | Other Charges |
| STT | 0.0126% of Total Turnover |
| SEBI Turnover Charges | 0.0002% of Total Turnover |
| Transaction charges | 0.00290% |
| Stamp Duty | Depends on respective states (minimal) |
| GST | 18% of (Brokerage + Transaction Charges) |
Here are some other nominal charges mentioned in details, the STT charges of 0.0126% of Total Turnover, the SEBI Turnover Charges of 0.0002% of Total Turnover, transaction charges of 0.00290%, next to the Stamp duty which is depended on state and its rules.
Lastly the GST charge is around 18 percent. These other charges don’t create much difference in an investor’s profit as they are very less.
My Value Trade Margin and Exposure
Being a Discount Stockbroker My Value Trade offers very high leverage mainly in Equity intraday. Here are some margins mentioned below:
| Segments | Margin and Exposure |
| Currency Futures | Up to 2x times on Intraday |
| Commodities | Up to 2x times on Intraday |
| Currency options | No Exposure |
| Equity Intraday | On intraday up to 33x times |
| Equity Options | No Exposure |
| Equity Futures | Up to 2x times on Intraday |
While comparing with other stockbrokers My Value Trade review offers one of the highest exposures with complete brokering facilities.
It offers up to 2 times exposure on Currency futures, for commodities users will get 2 times margin.
While in the case of Currency options and Equity options the broker offers no Exposure. However, the broker provides leverage on Equity Intraday and Equity Futures which is up to 33 times and up to 2 times respectively.
Comparison with its Closest Competitor.
My Value Trade Comparison With Closet Discount Brokers
| Broker | My Value Trade | 5paisa | Zerodha | Upstox |
| Service Type | Discount Broker | Online Discount Stock Broker | Online Discount Stock Broker | Online Discount Stock Broker |
| Brokerage Range | Rs 10 | A fixed charge of Rs. 10 | A fixed charge of Rs. 20 | A fixed charge of Rs. 20 |
| Account Type | 2 in 1 | 2 in 1 (Trading and DEMAT) | 2 in 1 (Trading and DEMAT) | 2 in 1 (Trading and DEMAT) |
| Equity Delivery | Flat Fee Rs 10 | Rs. 10 (Fixed) | Rs. 0 | Rs. 0 or no charge |
| Equity Intraday | Flat Fee Rs 10 | Fixed charge of Rs. 10 | Rs. 20 or 0.01% (lowest will be preferred) | Rs. 20 or 0.01% (lowest will be preferred) |
| Equity Futures | Flat Fee Rs 10 | Rs. 10 (Fixed) | Rs. 20 or 0.01% (lowest will be preferred) | Rs. 20 or 0.01% (lowest will be preferred) |
| Equity options | Flat Fee Rs 10 | Rs. 10 (Fixed) | Rs. 20 (Fixed) | Rs. 20 (Fixed) |
| CommodityOption | Flat Fee Rs 10 | Rs. 10 (Fixed) | Rs. 20 (Fixed) | Rs. 20 (Fixed) |
| Currency futures | Flat Fee Rs 10 | Rs. 10 (Fixed) | Rs. 20 or 0.01% (lowest will be preferred) | Rs. 20 or 0.01% (lowest will be preferred) |
| Currency options | Flat Fee Rs 10 | Rs. 10 (Fixed) | Rs. 20 (Fixed) | Rs. 20 (Fixed) |
| Rating | 3.4 out of 5 | 4.0 out of 5 | 4.3 out of 5 | 4.3 out of 5 |
My Value Trade Comparison with Closet Full Service Broker.
| Broker | My Value Trade | Sharekhan Online Trading | Angel broking online trade | Edelweiss financial service Ltd |
| Service Type | Discount Broker | The financial firm offers full-service broking | The financial firm offers full-service broking | The financial firm offers full-service broking |
| Brokerage Range | Rs 10 | The percentage ranging from 0.10 percent to 0.50 percent based on trade order | Varies from Rs. 15 to Rs.30 depending upon the segment | Varies from Rs. 10 to 0.5% depending upon the segment |
| Account Type | 2 in 1 | 2 in 1 (Trading and DEMAT) | 2 in 1(Trading and DEMAT) | 2 in 1 (Trading and DEMAT) |
| Equity Delivery | Flat Fee Rs 10 | 0.5% or 50 paise (lowest will be considered) | If under Rs. 50,000 then Rs. 15 will be chargedIf above Rs. 50,000 then Rs. 30 will be charged | Rs.10 or 0.01% (lowest will be considered) |
| Equity Intraday | Flat Fee Rs 10 | 0.1% or 10 paise (lowest will be considered) | If under Rs. 50,000 then Rs. 15 will be chargedIf above Rs. 50,000 then Rs. 30 will be charged | Rs.10 or 0.01% (lowest will be considered) |
| Equity Futures | Flat Fee Rs 10 | 0.1% or 10 paisa (lowest will be considered) | Rs. 30 (fixed Charge) | Rs.10 or 0.01% (lowest will be considered) |
| Equity options | Flat Fee Rs 10 | Rs. 250 only or 2.5 percent of the premium (higher value will be considered) | Rs. 30 (fixed Charge) | Rs. 10 (fixed Charge) |
| Commodity | Flat Fee Rs 10 | The charge varies from 0.1 percent or Rs. 0.10 (lowest will be considered) | Rs. 30 (fixed Charge) | Not Applicable |
| Currency futures | Flat Fee Rs 10 | 0.1% or Rs. 0.10 (lowest will be considered) | Rs. 30 (fixed Charge) | Rs.10 or 0.01% (lowest will be considered) |
| Currency options | Flat Fee Rs 10 | Rs. 250 only or 2.5 percent of the premium (higher value will be considered) | Rs. 30 (fixed Charge) | Rs. 10 (fixed charge) |
| Rating | 3.4 out of 5 | 4.0 out of 5 | 4.3 out of 5 | out of 5 |
Complaints received at BSE/NSE
Here is a list of complaints raised by the customers against the broker. The grievances went to the exchanges for resolution.
| Exchange | Financial Year | Number of Clients * | Total Complaints ** |
| BSE | 2019-20 | 7,195 | 0 |
| NSE | 2019-20 | 39,002 | 1 |
| NSE | 2018-19 | 41,710 | 17 |
| BSE | 2017-18 | 21,207 | 7 |
| NSE | 2017-18 | 45,757 | 24 |
| BSE | 2016-17 | 15,412 | 4 |
| NSE | 2016-17 | 34,623 | 32 |
| BSE | 2015-16 | 16,346 | 6 |
| NSE | 2015-16 | 32,003 | 19 |
| BSE | 2014-15 | 11,835 | 11 |
My Value Trade Advantages And Disadvantages
My Value Trade Advantages
Here are some of the advantages mentioned below:
- It will give the provision to trade for NRI investors
- It allows the user to trade in almost all trading segments including Cover orders, Aftermarket orders and many more.
- The broker is very efficient in processing the payouts in almost 1 working day.
- The broker is integrated with more than 45 nationalized banks for the fast linking of the DEMAT account.
- It is the only discount broker to offer flat yearly plans to its clients.
My Value Trade Disadvantages
Here are some of the Disadvantages mentioned below:
- The tips and recommendations not effective while trading in real-time.
- No provision of Algo trade.
- No 3 in 1 account
- The IPO facility needs to be improved.
Conclusion
Being a trader if you are searching for a good stockbroker. Then My Value Trade review will be the best choice for you. It mainly offers low trade costs, easy to use, effective trading platforms, good research reports, and tips.
The user will get highly customizable trading platforms. It gives a tight competition to other leaders in the industry.
My Value Trade (MVT) FAQs
Q1. What type of account does My Value Trade offer to its users?
Ans. My Value Trade offers a 2 in 1 account to its users.
Q2. What are the advantages of My Value Trade?
Ans. Here are some of the advantages mentioned below:
- It will give the provision to trade for NRI investors
- It allows the user to trade in almost all trading segments including Cover orders, Aftermarket orders and many more.
- The broker is very efficient in processing the payouts in almost 1 working day.
- The broker is integrated with more than 45 nationalized banks for the fast linking of the DEMAT account.
- It is the only discount broker to offer flat yearly plans to its clients.
Q3. Mention the demerits of MVT.
Ans. Here are some of the Disadvantages mentioned below:
- The tips and recommendations not effective while trading in real-time.
- No provision of Algo trade.
- No 3 in 1 account
- The IPO facility needs to be improved.
Q4. Does My Value Trade offer Market research Reports?
Ans. Yes, My Value Trade offers Market Research Reports.
Q5. Does My Value Trade offer Stock Trading Tips?
Ans. Yes, My Value Trade offers Stock Trading Tips.
