MVT is one of the most famous names in the Indian stock market for low brokerage & account opening charges. Apart from low brokerage their pricing structure very simple and easy to understand for the layman. They offer two plans, One is a fixed brokerage plan based on Period ie monthly, Yearly which is of ₹1000 per month, and another is a yearly plan which is ₹10,000, in this Plan your brokerage would be fixed irrespective of volume or value of trade you do in the specified period. Second Plan is where the brokerage is charged on per trade basis which is fix at Rs.10 per executed Trade. This section of the review covers the brokerage & account opening charges MVT.
MyValueTrade Account Opening & AMC Charges
MyValueTrade charges ₹555 for the opening of a trading account with them and is the one-time fee charged while initiating your account opening process. ₹400 are annual maintenance charges for a demat account and would get deducted from your account even if you have not traded for a year by MyValueTrade to maintain your account.
MyValueTrade Brokerage Charges
Please find below MyValueTrade Brokerage charges in their basic Plan. MyValueTrade provides delivery trade at ₹0, Intraday Trade at ₹0, Equity Future Trade at ₹0, and Equity Option Trade at ₹0.
MyValueTrade Transaction Charges (Per Crore)
The Brokers in India charges Transaction / Turnover charges along with Brokerage on every order executed through the stock exchange. These charges differ by the stock exchange in which you trade and type of trades like delivery, intraday or F&O, etc. MyValueTrade Transaction charges are as per the below table:
MyValueTrade Other Charges
A lot of other Charges are getting levied other than brokerage by MyValueTrade like minimum brokerage, call & Trade charges, Stamp duty, DP Charges, etc. A list of the same is in the below table.
MyValueTrade Demat Account Charges
The charges on Demat account transactions are charged separately and over and above trading Brokerage. Find MyValueTrade demat account charges 2020.
MyValueTrade Charges Explained
Securities / Commodities Transaction Tax : Tax levied by the government when transacting on the stock exchanges. Charged on both buy and sell sides while trading equity delivery. Charged only on the side of sale when trading intraday or on F&O.
Transaction/Turnover Charges : Exchange transaction charges + Clearing charges which are charged by NSE, BSE, MCX, and clearing member.
Stamp charges : Charged by the state government of the client's correspondence address.
GST : Tax levied by the government on the services/Product delivered at 18% of (brokerage + transaction charges).
SEBI Charges : Rs.15 per crore as a fees for regulating the markets.
AMC (Annual maintenance charges) : Rs.400/year