The brokerage of ICICIDirect ranges between 0.05 to .55% while the brokerage of MasterTrust ranges between 0.01 to .1%. Both the brokers are Full Service brokers. ICICIDirect is having overall higher rating compare to MasterTrust. ICICIDirect is rated 4 out of 5 where MasterTrust is rated only 3 out of 5.
Here we present side-by-side comparison of ICICIDirect 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 ICICIDirect 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.
|Broker Type||Full Service Broker||Full Service Broker|
|Exchanges Supported||BSE, NSE||NSE,BSE,MCX-SX,MCX,NCDEX|
|Broker Overview||ICICI Direct, pioneering online trading platform of ICICI Securities, charges more than its competitors,but delivers with a fantastic platform and innovative offering and strong customer service. With these attributes, the company earns its No. 1 ove...||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 ...|
In this section we have compared ICICIDirect with MasterTrust on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect offer Free account opening where MasterTrust charges Rs 555 for account opeing. Demat AMC charges - ICICIDirect charges Rs 600 PA (Waived for 1st year) AMC for Demat account where MasterTrust charges Rs 300 PA AMC for Demat account.
|Trading Account Opening Fees||Free||Rs 555|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 600 PA (Waived for 1st year)||Rs 300 PA|
|Provide DP Service|
Plans are the most important feature you look when compare ICICIDirect with MasterTrust. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ICICIDirect provide Multiple Plans where MasterTrust doesn't offer Monthlay Plans - Both the brokers don't have Monthly Plans.
|Account Opening Request|
ICICIDirect Brokerage Plan detail - This is an ICICIDirect fixed brokerage plan irrespective of turnover volume best suited for casual traders.
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||ICICIDirect||MasterTrust|
|Plan Name||I-Secure Trading Plan (Percentage Based)||Basic Trading Plan (Percentage Based)|
|Equity Delivery||0.55% or 55 paisa||0.1% or 10 paisa|
|Equity Intraday||0.03% or 3 paisa||0.01% or 1 paisa|
|Equity Futures||0.05% or 5 paisa||0.01% or 1 paisa|
|Equity Options||Rs 95 Per Lot||Rs 10 Per Lot|
|Currency Futures||0.05% or 5 paisa||0.01% or 1 paisa|
|Currency Options||Rs 25 Per Lot||Rs 5 Per Lot|
|Commodity Trading||NA||0.01% or 1 paisa|
|Minimum Brokerage||Rs 35 per trade||NIL|
|Hidden Charges||Yes||Info Not Available|
|Funding||Yes - 18% interest PA||Info Not Available|
|Call & Trade Charges||First 20 call free and Rs 25 there onwards.||Info Not Available|
|Brokerage Calculator||Brokerage Calculator for ICICIDirect||Brokerage Calculator for MasterTrust|
|SPAN Margin Calculator||SPAN Margin Calculator for ICICIDirect||SPAN Margin Calculator for MasterTrust|
Compare ICICIDirect with MasterTrust on transaction charges and PCM fee by segment.
|Transaction Charges Compare||ICICIDirect||MasterTrust|
|Equity Delivery||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Intraday||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Futures||Rs 190 Per Cr||Rs 190 Per Cr|
|Equity Options||Rs 5000 Per Cr||Rs 5000 Per Cr|
|Currency Futures||Rs 100 Per Cr||Rs 110 Per Cr|
|Currency Options||Rs 4000 Per Cr||Rs 4000 Per Cr|
|Commodity||NA||Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr|
|Brokerage Charges||Complete Brokerage Plans for icicidirect||Complete Brokerage Plans for mastertrust|
Compare ICICIDirect with MasterTrust on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect offers 3-in-1 account where MasterTrust offers only 2-in-1 account which includes trading and demat account. Algo Trading - MasterTrust offers Algo Trading where ICICIDirect doesn't offers Algo Trading. Margin Funding - both brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - both brokers provides NRI Trading facility.
|Account Features Compare||ICICIDirect||MasterTrust|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:15PM||3:15PM|
With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and MasterTrust. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.
|Trading Platform Compare||ICICIDirect||MasterTrust|
|Desktop Trading Platform||Trade Racer||OMNESYS NEST|
|Desktop Demo||Desktop Demo||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://www.icicidirect.com||http://direct.mastermarts.com/|
|Web Trading Demo||Web Trading Demo||Info Not Available|
|Mobile Trading App||ICICI direct Mobile||mastermobile|
|Mobile Trading App Demo||ICICI direct Mobile Demo||Info Not Available|
|Android Mobile App|
|Android App Download||Andriod ICICI direct Mobile Download||Andriod mastermobile Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS ICICI direct Mobile Download||iOS mastermobile Download|
|Android Tablet App|
|iPad App (IOS)|
|Trading Software Charges||Free||Info Not Available|
|Equity Brokerage Calculator||Equity Intraday and Delivery Brokerage Calculator for ICICIDirect||Equity Intraday and Delivery Brokerage Calculator for MasterTrust|
|Futures Brokerage Calculator||Futures Brokerage Calculator for ICICIDirect||Futures Brokerage Calculator for MasterTrust|
|Options Brokerage Calculator||Options Brokerage Calculator for ICICIDirect||Options Brokerage Calculator for MasterTrust|
|Detail||Detail on Trading Platforms for icicidirect||Detail on Trading Platforms for mastertrust|
|264 Customer Reviews||2 Customer Reviews|
|Trading Brokerage Rating|
|Trading Platform Usability|
|Customer Service Ratings|
|Broker Rating||ICICIDirect is Rated 2.5 / 5 based on 264 customer reviews||MasterTrust is Rated 1.5 / 5 based on 2 customer reviews|
Compare ICICIDirect 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 brokers offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - MasterTrust offers trading options in Commodity (MCX) where ICICIDirect doesn't offer. Online Mutual Fund Investment - both brokers offers online mutual fund investment option. Portfolio Management Services (PMS) - ICICIDirect provide PMS Service where MasterTrust doesn't offer
|Investment Offerings Compare||ICICIDirect||MasterTrust|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||Mutual Funds and Insurance|
Order Type - Compare ICICIDirect with MasterTrust on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - ICICIDirect 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 brokers 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 facility. The orders are send to exchange on the next trading day. GTC Orders- ICICIDirect offers Good Till Cancelled (GTC) orders where MasterTrust doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||ICICIDirect||MasterTrust|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Comapre ICICIDirect with MasterTrust on Exposure/Margin offered by broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.
|Margin Product Compare||ICICIDirect||MasterTrust|
|Equity Delivery Margin||No Delivery margin.||Info Not Available|
|Equity Intraday Margin||Upto 5x leverage for equity.||Info Not Available|
|Futures Margin||Upto 2x leverage for futures.||Info Not Available|
|Options Margin||Upto 2x margin for Options shorting, No leverage for option buying.||Info Not Available|
|Equity CO Margin||Upto 25x margin/leverage in CO order for selected equity scripts.||Info Not Available|
|Futures CO Margin||Upto 25x margin/leverage in CO order for Futures contracts.||Info Not Available|
|Options CO Margin||Upto 25x margin/leverage in CO order for options contracts sell only.||Info Not Available|
|Commodity Margin||Info Not Available||Info Not Available|
Compare ICICIDirect with MasterTrust on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.
|Customer Service Compare||ICICIDirect||MasterTrust|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||33551122||Info Not Available|
|Account Opening Process||Offline||Info Not Available|
|Customer Support Email||[email protected]||Info Not Available|
|Knowledge Center/Education||http://content.icicidirect.com/indexfaq.asp||Info Not Available|
|Head Office Address||ICICI Centre,
H.T. Parekh Marg,
Mumbai – 400020
|Info Not Available|
|Website||https://www.icicidirect.com||Info Not Available|
Compare ICICIDirect with MasterTrust on research reports and tips provided by broker.
|Research Mutual Funds|
|Research Equity Reports|
|Daily Market Report|
|Quarterly Result Analysis|
Compare ICICIDirect with MasterTrust on Demat Service and Charges. This section cover about demat charges, demat service and other details
|Demat Account Annual Maintenance Charges(AMC)||Payable yearly in advance ? For Individual account : Rs. 500 p.a. For Corporate a/c : 1500 p.a.||Scheme A - NIL Scheme - B Ist Year Rs. 200/- p.a (Payable at the begining of the year. Rs.300/- p.a on renewal. Scheme LF - NIL Scheme BSDA - NIL Scheme 800 - Rs. 800/- per annum|
|Advance Deposit||Rs. 7500/- , If the client is not having ICICI BANK Account||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||Stamp Duty at actuals||NIL|
|Transaction Charges on Debit (Per ISIN)||For Normal Mkt & Off Mkt sell (0.04% of trans value for each CID)(subj to Min Rs.30/-) For Debt instruments Mkt & Off Mkt sell (0.04% of trans value for each CID)(subj to Min Rs.30/- & Max Rs.500/-)||Rs.12/- in Scheme A Rs. 16/- in Scheme B. Rs. 15/- (with in DP) and Rs. 25/- (outside DP) in Scheme LF. Mkt Delivery within DP - NIL and outside DP Rs - 25/- in Scheme 800 Rs. 50/- (with in DP) and Rs. 100/- (outside DP) in Scheme BSDA.|
|Demat||Rs.50 /- Per Demat Request Form and Rs.10/- For Each Certificates||Rs. 20/- per request plus Rs. 3/- per certificate for Scheme A, B, LF and Scheme 800. Rs. 50/- per request plus Rs. 10/- per certificate for Scheme BSDA.|
|Remat||Rs. 30 + CDSL actuals||Rs.20/- for every 100 securities or part thereof ; or a flat fee of Rs. 20/- per certificate whichever is higher will be payable for scheme A, B ,LF and Scheme 800. Rs.50/- for every 100 securities or part thereof ; or a flat fee of Rs. 50/- per certificate whichever is higher will be payable for scheme BSDA.|
|Pledge Creation||0.03 % or minimum of Rs. 50/-||Rs.50/- in Scheme B ,LF and Scheme 800. Rs. 40/- in Scheme A Rs. 100/- in Scheme BSDA|
|Pledge Creation Confirmation||0.03 % or minimum of Rs. 50/-||NIL|
|Pledge Closure||0.03 % or minimum of Rs. 50/-||Rs. 25/- in Scheme B ,LF and Scheme 800. Rs. 20/- in Scheme A Rs. 50/- in Scheme BSDA|
|Pledge Closure Confirmation||0.03 % or minimum of Rs. 50/-||NIL|
|Pledge Invocation||0.03 % or minimum of Rs. 50/-||Rs. 25/- in Scheme B ,LF and Scheme 800. Rs. 20/- in Scheme A Rs. 50/- in Scheme BSDA|
|Failed Instruction Charges||Rejection/Fails Rs.30/-||Rs. 20/- per instruction|
|Other Charges||a) Mailing charges for non periodic statements and other communication , Rs. 50 for inland and Rs. 500.0 for foreign address . b) Rs. 200/- for restoring services if account is suspended for non payment of charges.||Re-Issuance of DIS Booklet Rs. 10/- cotaining 10 leaves. Non periodic statement and other communication [email protected] Rs 20/- per mail Additional Statement of Holding/ Transaction: Rs. 2/- per page + postage In case of demat rejection postage shall be charged @ Rs 30/- for dispatch to the client for removal of objection. Any modification in client master will be charged @ Rs. 20/- per modification. In|
Compare ICICIDirect with MasterTrust on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
|Pay In and Pay Out Options||Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
|Info Not Available|
|Payout Time||Instance to ICICI Bank.||Info Not Available|
|Bank Supported and Charges||Info Not Available||Info Not Available|
|Bank Detail||Direct from your ICICI bank account.||Info Not Available|
Great customer support, 500+ Sub Brokers, Fundamental and Technical Research, branch office, call and trade facility, SMS and email alerts.
Brokerage not displayed online, Not a 3 in 1 account, high transaction charges.
|Special Offers/Promo||Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.|
|Enquiry||Enquire about ICICIDirect||Enquire about MasterTrust|
Last Updated on 2019-07-08T23:24:28+00:00