Compare 3 Brokers

ICICIDirect Vs MasterTrust: Which one is better?

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.

Compare ICICIDirect vs MasterTrust on Service

  ICICIDirect Compare
ICICIDirect
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? 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... Know more about ICICIDirect 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 Open an Online Trading Account with ICICIDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with MasterTrust. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare ICICIDirect vs MasterTrust on Trading & Demat Account Opening Charges

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 & Demat Account Opening Charges - Compare ICICIDirect with MasterTrust
Charges ICICIDirect MasterTrust
Trading Account Opening Fees Free Rs 555
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 600 PA (Waived for 1st year) Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs MasterTrust on Plan Options

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.

Compare ICICIDirect with MasterTrust on Plan Options
Plan Types ICICIDirect MasterTrust
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  ICICIDirect MasterTrust
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs MasterTrust on Brokerage Charges

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 with MasterTrust
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
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Share Broker's Transaction Charges

Compare ICICIDirect vs MasterTrust on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with MasterTrust
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
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Account Features

Compare ICICIDirect vs MasterTrust on Account Features

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 - ICICIDirect with MasterTrust
Account Features Compare ICICIDirect MasterTrust
3 in 1 Account Yes, ICICIDirect have 3-in-1 accounts. Bank Account, Demat and Trading account. No ICICIDirect 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 Yes Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare ICICIDirect vs MasterTrust on Trading Platform

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 with MasterTrust
Trading Platform Compare ICICIDirect MasterTrust
Desktop Trading Platform Trade Racer OMNESYS NEST
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail https://www.icicidirect.com http://direct.mastermarts.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile mastermobile
Mobile Trading App Demo ICICI direct Mobile Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod mastermobile Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS ICICI direct Mobile 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 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

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Broker Ratings by Users

Compare ICICIDirect vs MasterTrust on User Rating

  ICICIDirect MasterTrust
  264 Customer Reviews    Rate ICICIDirect 2 Customer Reviews    Rate MasterTrust
Fees Ratings 2.4 2.0
Trading Brokerage Rating 1.8 3.0
Trading Platform Usability 3.3 2.0
Customer Service Ratings 2.8 1.5
Overall Ratings Rated 2.5 stars Rated 1.5 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 264 customer reviews MasterTrust is Rated 1.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare ICICIDirect vs MasterTrust on Investment Offerings

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

Compare ICICIDirect vs MasterTrust on Order Types

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 Types - Compare ICICIDirect with MasterTrust
Order Type Compare ICICIDirect MasterTrust
CNC Ordre Yes Yes
MIS Ordre Yes Yes
NRML Ordre Yes Yes
Cover Ordre Yes No
Bracket Ordre No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Margin/Leverage

Compare ICICIDirect vs MasterTrust on Margin/Leverage

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.

Exposure/margin - Compare ICICIDirect with MasterTrust
Margin Product Compare ICICIDirect MasterTrust
Equity Delivery Margin ICICIDirect vs MasterTrust - Equity Delivery Margin No Delivery margin. Info Not Available
Equity Intraday Margin ICICIDirect vs MasterTrust - Equity Intraday Margin Upto 5x leverage for equity. Info Not Available
Futures Margin ICICIDirect vs MasterTrust - Futures Margin Upto 2x leverage for futures. Info Not Available
Options Margin ICICIDirect vs MasterTrust - Options Margin Upto 2x margin for Options shorting, No leverage for option buying. Info Not Available
Equity CO Margin ICICIDirect vs MasterTrust - Equity CO Margin Upto 25x margin/leverage in CO order for selected equity scripts. Info Not Available
Futures CO Margin ICICIDirect vs MasterTrust - Futures CO Margin Upto 25x margin/leverage in CO order for Futures contracts. Info Not Available
Options CO Margin ICICIDirect vs MasterTrust - Options CO Margin Upto 25x margin/leverage in CO order for options contracts sell only. Info Not Available
Commodity Margin ICICIDirect vs MasterTrust - Commodity Margin Info Not Available Info Not Available
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Customer Service Offered

Compare ICICIDirect vs MasterTrust on Customer Service

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 Support - Compare ICICIDirect with MasterTrust
Customer Service Compare ICICIDirect MasterTrust
24/7 Customer Service ICICIDirect vs MasterTrust - 24x7 customer support No No
Email Support ICICIDirect vs MasterTrust - Email Support Yes Yes
Onine Live Chat ICICIDirect vs MasterTrust - Onine Live Chat No Yes
Phone Support ICICIDirect vs MasterTrust - Phone Support Yes Yes
Toll Free Number ICICIDirect vs MasterTrust - Toll Free Number No Yes
Through Branches ICICIDirect vs MasterTrust - Through Branches Yes Yes
Customer Care Number ICICIDirect vs MasterTrust - Customer Care Number 33551122 Info Not Available
Account Opening Process ICICIDirect vs MasterTrust - Account Opening Process Offline Info Not Available
Customer Support Email ICICIDirect vs MasterTrust - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education ICICIDirect vs MasterTrust - Knowledge Center/Education http://content.icicidirect.com/indexfaq.asp Info Not Available
Head Office Address ICICIDirect vs MasterTrust - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai – 400020
Info Not Available
Website ICICIDirect vs MasterTrust - Company Website https://www.icicidirect.com Info Not Available
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Tips/Research/Reports Published

Compare ICICIDirect vs MasterTrust on Research Reports, Tips

Compare ICICIDirect with MasterTrust on research reports and tips provided by broker.

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

Compare ICICIDirect vs MasterTrust on Demat Account

Compare ICICIDirect with MasterTrust on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare ICICIDirect with MasterTrust
  ICICIDirect MasterTrust
DP Source CDSL CDSL
DP ID ICICIDirect vs MasterTrust - DP ID 14300 No
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

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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs MasterTrust on Special Offers and Promotion

Compare ICICIDirect with MasterTrust on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare ICICIDirect vs MasterTrust on Special Offers and Promotion
  ICICIDirect MasterTrust
Pay In and Pay Out Options ICICIDirect vs MasterTrust - 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 ICICIDirect vs MasterTrust - Payout Time Instance to ICICI Bank. Info Not Available
Bank Supported and Charges ICICIDirect vs MasterTrust - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Direct from your ICICI bank account. Info Not Available
Likes
  • 3-in-1 online trading account.
  • Rich research offering.
  • 24/7 customer service.
  • Easy-to-use website.
  • Innovative offerings like - Margin, MarginPlus, BTST, SPOT.
  • Derivatives trading,NRI services, mutual funds, IPOs and on-line life insurance.

Detail Review...

Great customer support, 500+ Sub Brokers, Fundamental and Technical Research, branch office, call and trade facility, SMS and email alerts.

Detail Review...

Dislikes
  • Minimum brokerage charges.
  • No commodity trading.
  • High brokerage.
  • Not a good fit for small and penny stock traders.
  • Charges for trading terminal usage.

Detail Review...

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

Detail Review...

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







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