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Religare Broking Vs MasterTrust: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Religare Broking ranges between 0.05 to 0.50% while the brokerage of MasterTrust ranges between 0.01 to .1%. Both the brokers are Full Service brokers. Religare Broking is having overall higher rating compare to MasterTrust. Religare Broking is rated 3.5 out of 5 where MasterTrust is rated only 3 out of 5. Number of active customer for Religare Broking is 1,43,944 where number of active customer for MasterTrust is 59,711. Religare Broking is serving more customer compare to MasterTrust.

Here we present side-by-side comparison of Religare Broking vs MasterTrust share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Religare Broking vs MasterTrust's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Religare Broking vs MasterTrust share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Religare Broking vs MasterTrust's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Religare Broking vs MasterTrust on Service

  Religare Broking Compare
Religare Broking
MasterTrust Compare
MasterTrust
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 1,43,944 59,711
Broker Overview Open free Religare Demat & Trading Account, and trade via user-friendly platforms; Dynami App and Religare Online website. Also invest in the SmartInvest portfolio management services, US stocks, and get experts trading tips, investment ideas, an... Know more about Religare Broking mastertrust offers online investors the wide variety of tools and services they need to succeed, and for investors seeking guidance, mastertrust's massive branch office network, which offers reliable and personable relationships, help the broker to ...Know more about MasterTrust
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Religare Broking vs MasterTrust on Trading & Demat Account Opening Charges

Comparison of Religare Broking with MasterTrust on trading & demat account opening charges and AMC. Trading account opening charges - Religare Broking charges Rs 500 for account opening where MasterTrust charges Rs 555 for account opening. Demat AMC charges - Religare Broking charges Rs 400 PA [Free for first year] AMC for Demat account where MasterTrust charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Religare Broking with MasterTrust
Charges Religare Broking MasterTrust
Trading Account Opening Fees Rs 500 Rs 555
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA [Free for first year] Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Religare Broking vs MasterTrust on Plan Options

Plans are the most important feature you look when compare Religare Broking with MasterTrust. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Religare Broking with MasterTrust on Plan Options
Plan Types Religare Broking MasterTrust
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Religare Broking vs MasterTrust on Brokerage Charges

Religare Broking Brokerage Plan detail - Religare One is a standard brokerage plan that charges a fixed percentage of brokerage from clients. The plan also provides a 3-month free subscription to the fair deal plan that charges Rs. 0 brokerages on non-profitable trades and options trading at just Rs. 5 per lot.

MasterTrust Brokerage Plan detail - This plan is very competitive with �other full brokers in industry where .01% for Equity intraday and future and .1% foe delivery.

Brokerage Charges - Compare Religare Broking with MasterTrust
Brokerage Charges Compare Religare Broking MasterTrust
Plan Name Religare One Brokerage Plan (Percentage Based) Basic Trading Plan (Percentage Based)
Equity Delivery 0.50% to 0.10% 0.1% or 10 paisa
Equity Intraday 0.05% to 0.01% 0.01% or 1 paisa
Equity Futures 0.05% or 5 paisa 0.01% or 1 paisa
Equity Options Rs 70 Per Lot Rs 10 Per Lot
Currency Futures 0.05% or 5 paisa 0.01% or 1 paisa
Currency Options Rs 30 Per Lot Rs 5 Per Lot
Commodity Trading Futures: 0.05%| Options: Rs 30 per lot 0.01% or 1 paisa
Minimum Brokerage 1p per share NIL
Hidden Charges Yes Info Not Available
Funding Yes - 21% interest PA Info Not Available
Call & Trade Charges Rs 10 per order, Max rs 50 per segment per day NA
Auto Square off Charges Rs 10 per order, Max rs 50 per segment per day NA
Brokerage Calculator Brokerage Calculator for Religare Broking Brokerage Calculator for MasterTrust
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Share Broker's Transaction Charges

Compare Religare Broking vs MasterTrust on Transaction Charges

Compare Religare Broking with MasterTrust on transaction charges and PCM fee by segment.

Transaction Charges - Compare Religare Broking with MasterTrust
Transaction Charges Compare Religare Broking MasterTrust
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for religare-broking Complete Brokerage Plans for mastertrust
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Account Features

Compare Religare Broking vs MasterTrust on Account Features

Compare Religare Broking with MasterTrust on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - MasterTrust offers Algo Trading where Religare Broking doesn't offers Algo Trading. Margin Funding - MasterTrust offers a margin funding where Religare Broking doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Religare Broking with MasterTrust
Account Features Compare Religare Broking MasterTrust
3 in 1 Account No Religare Broking have 2-in-1 account. Only Demate and Trading account. No Religare Broking have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Religare Broking vs MasterTrust on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Religare Broking and MasterTrust. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Religare Broking with MasterTrust
Trading Platform Compare Religare Broking MasterTrust
Desktop Trading Platform OdinDiet and Power FnO OMNESYS NEST
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://secure.religareonline.com/Login.aspx http://direct.mastermarts.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No No
Mobile Trading Yes Yes
Mobile Trading App Religare Dynami mastermobile
Mobile Trading App Demo Religare Dynami Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Religare Dynami Download Andriod mastermobile Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Religare Dynami Download iOS mastermobile Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Religare Broking Equity Intraday and Delivery Brokerage Calculator for MasterTrust
Futures Brokerage Calculator Futures Brokerage Calculator for Religare Broking Futures Brokerage Calculator for MasterTrust
Options Brokerage Calculator Options Brokerage Calculator for Religare Broking Options Brokerage Calculator for MasterTrust
Detail Detail on Trading Platforms for religare-broking Detail on Trading Platforms for mastertrust

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Broker Ratings by Users

Compare Religare Broking vs MasterTrust on User Rating

  Religare Broking MasterTrust
  56 Customer Reviews    Rate Religare Broking 2 Customer Reviews    Rate MasterTrust
Fees Ratings 3.2 2.0
Trading Brokerage Rating 3.2 3.0
Trading Platform Usability 3.0 2.0
Customer Service Ratings 2.9 1.5
Overall Ratings 2.9 1.5
Broker Rating Religare Broking is Rated 2.9 / 5 based on 56 customer reviews MasterTrust is Rated 1.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare Religare Broking vs MasterTrust on Investment Offerings

Compare Religare Broking with MasterTrust on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Religare Broking with MasterTrust
Investment Offerings Compare Religare Broking MasterTrust
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL Mutual Funds and Insurance
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Order Types

Compare Religare Broking vs MasterTrust on Order Types

Order Type - Compare Religare Broking with MasterTrust on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Religare Broking provide Cover Orders (CO) where MasterTrust doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Religare Broking offers Good Till Cancelled (GTC) orders where MasterTrust doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Religare Broking with MasterTrust
Order Type Compare Religare Broking MasterTrust
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare Religare Broking vs MasterTrust on Customer Service

Compare Religare Broking with MasterTrust on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Religare Broking with MasterTrust
Customer Service Compare Religare Broking MasterTrust
24/7 Customer Service Religare Broking vs MasterTrust - 24x7 customer support No No
Email Support Religare Broking vs MasterTrust - Email Support Yes Yes
Onine Live Chat Religare Broking vs MasterTrust - Onine Live Chat No Yes
Phone Support Religare Broking vs MasterTrust - Phone Support Yes Yes
Toll Free Number Religare Broking vs MasterTrust - Toll Free Number No Yes
Through Branches Religare Broking vs MasterTrust - Through Branches Yes Yes
Customer Care Number Religare Broking vs MasterTrust - Customer Care Number 1860-25-88888 Info Not Available
Account Opening Process Religare Broking vs MasterTrust - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Religare Broking vs MasterTrust - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Religare Broking vs MasterTrust - Knowledge Center/Education Not available Info Not Available
Head Office Address Religare Broking vs MasterTrust - Head Office Address/Corporate Address Religare Broking Limited,
2nd Floor,
Rajlok Building,
24, Nehru Place,
New Delhi-110019
Info Not Available
Website Religare Broking vs MasterTrust - Company Website http://www.religareonline.com Info Not Available
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Tips/Research/Reports Published

Compare Religare Broking vs MasterTrust on Research Reports, Tips

Compare Religare Broking with MasterTrust on research reports and tips provided by the broker.

Research Reports - Compare Religare Broking with MasterTrust
  Religare Broking MasterTrust
Research Mutual Funds Religare Broking vs MasterTrust - Research Mutual Funds Yes Yes
Research Equity Reports Religare Broking vs MasterTrust - Research Equity Reports Yes Yes
Research ETF Religare Broking vs MasterTrust - Research ETF Yes Yes
Daily Market Report Religare Broking vs MasterTrust - Daily Market Report Yes Yes
Free Tips Religare Broking vs MasterTrust - Free Tips Yes Yes
Quarterly Result Analysis Religare Broking vs MasterTrust - Quarterly Results Yes Yes
News Alerts Religare Broking vs MasterTrust - Yes Yes
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Demat Account

Compare Religare Broking vs MasterTrust on Demat Account

Compare Religare Broking with MasterTrust on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for MasterTrust is ₹300 pa (Second Year Onwards) where for Religare Broking is ₹400 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Religare Broking is ₹12 where for MasterTrust is ₹50.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Religare Broking with MasterTrust
  Religare Broking MasterTrust
DP Source CDSL CDSL
DP ID Religare Broking vs MasterTrust - DP ID 30200 No
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹300 pa (Second Year Onwards)
Advance Deposit Rs. 500/- Rs. 2500/- for Scheme A Rs. 555/- for Scheme LF (For Individuals ony) for Lime time AMC Free. Rs. 800/- for scheme 800
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹12 ₹50
Demat ₹5 per certificate + ₹30 courier charges ₹3 per certificate + ₹20 per request
Remat ₹20 per certificate + ₹30 courier charges + CDSL Charges ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation 0.02% of transaction value or ₹50 whichever is higher ₹50
Pledge Creation Confirmation 0.02% of transaction value or ₹50 whichever is higher Nil
Pledge Closure 0.02% of transaction value or ₹50 whichever is higher ₹25
Pledge Closure Confirmation 0.02% of transaction value or ₹50 whichever is higher Nil
Pledge Invocation 0.02% of transaction value or ₹50 whichever is higher ₹25
Failed Instruction Charges Nil ₹20
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Religare Broking vs MasterTrust on Special Offers and Promotion

Compare Religare Broking with MasterTrust on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Religare Broking vs MasterTrust on Special Offers and Promotion
  Religare Broking MasterTrust
Pay In and Pay Out Options Religare Broking vs MasterTrust - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Religare Mobile, Rligare Desktop and Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Religare Broking vs MasterTrust - Payout Time Upto 24 Hrs except Bank Holidays. Info Not Available
Bank Supported and Charges Religare Broking vs MasterTrust - Bank Supported and Charges 21+ bank connected via payment gatway, Rs 10 fee for per transaction. Info Not Available
Bank Detail RELIGARE BROKING LIMITED,
Account Number:30078551502
Bank and Branch: SBI,Capital Market Branch,Mumbai
Account Type: Current Account
IFSC Code:SBIN0011777
Info Not Available
Likes
  • Invest in a bouquet of products.
  • Multiple brokerage plans.
  • Zero account opening charges.
  • Zero AMC for the first year.
  • State-of-the-art platforms with charting and other features.
  • Best-in-class research services from experts.
  • Dynami Wrap app, a free mutual fund investment
  • Fair Deal plan: Zero brokerage on loss-making trades for 3 months.
  • Dedicated relationship manager.
  • Margin trading.

Detail Review...

Detail Review...

Dislikes
  • Minimum brokerage charges is levied.
  • Non-transparent brokerage structure.
  • Religare does not have a flat discount brokerage plan.
  • ODIN Diet is a paid platform.

Detail Review...

Brokerage not displayed online, Not a 3 in 1 account, high transaction charges.

Detail Review...

Special Offers/Promo - Account opening fees Rs 500 waived off if you open an account with Rs 25000 margin.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-13T03:22:46+00:00