The brokerage of IIFL Securities ranges between .025 to .25% while the brokerage of MasterTrust ranges between 0.01 to .1%. Both the brokers are Full Service brokers. IIFL Securities is having overall higher rating compare to MasterTrust. IIFL Securities is rated 4 out of 5 where MasterTrust is rated only 3 out of 5.
Here we present side-by-side comparison of IIFL Securities 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 IIFL Securities 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 IIFL Securities 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 IIFL Securities vs MasterTrust's on
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.
|Broker Type||Full Service Broker||Full Service Broker|
|Exchanges Supported||NSE, BSE, MCX, NCDEX||NSE,BSE,MCX-SX,MCX,NCDEX|
|Broker Overview||IIFL Securities is one of the best brokers in terms of its Z20 flat discount brokerage plan, IIFL Markets Mobile app, best research & advisory, complete investment solution, and personalized Portfolio Management Service.||mastertrust offers online investors the wide variety of tools and services they need to succeed, and for investors seeking guidance, mastertrustís massive branch office network, which offers reliable and personable relationships, help the broker to ...|
Comparison of IIFL Securities with MasterTrust on trading & demat account opening charges and AMC. Trading account opening charges - IIFL Securities charges Rs 250 (Rs 0, Promotion offer) for account opening where MasterTrust charges Rs 555 for account opening. Demat AMC charges - IIFL Securities charges Rs 450 PA (Waived for 1st year) AMC for Demat account where MasterTrust charges Rs 300 PA AMC for Demat account.
|Trading Account Opening Fees||Rs 250 (Rs 0, Promotion offer)||Rs 555|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 450 PA (Waived for 1st year)||Rs 300 PA|
|Provide DP Service|
Plans are the most important feature you look when compare IIFL Securities 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.
|Plan Types||IIFL Securities||MasterTrust|
|Account Opening Request|
IIFL Securities Brokerage Plan detail - IIFL Z20 flat discount brokerage plan offers Free delivery trading and charges a maximum of Rs. 20 per order brokerage across segments.
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||IIFL Securities||MasterTrust|
|Plan Name||IIFL Z20 Brokerage Plan||Basic Trading Plan (Percentage Based)|
|Equity Delivery||Free||0.1% or 10 paisa|
|Equity Intraday||Rs. 20/- per executed order or 0.05% whichever is||0.01% or 1 paisa|
|Equity Futures||Rs. 20/- per executed order or 0.05% whichever is||0.01% or 1 paisa|
|Equity Options||Flat Rs 20 per executed order||Rs 10 Per Lot|
|Currency Futures||Rs. 20/- per executed order or 0.05% whichever is||0.01% or 1 paisa|
|Currency Options||Rs. 20/- per executed order or 0.05% whichever is||Rs 5 Per Lot|
|Commodity Trading||Rs. 20/- per executed order or 0.05% whichever is||0.01% or 1 paisa|
|Hidden Charges||Info Not Available||Info Not Available|
|Funding||Yes - 18% interest PA||Info Not Available|
|Call & Trade Charges||Rs 50 Per Call + GST||Info Not Available|
|Brokerage Calculator||Brokerage Calculator for IIFL Securities||Brokerage Calculator for MasterTrust|
|SPAN Margin Calculator||SPAN Margin Calculator for IIFL Securities||SPAN Margin Calculator for MasterTrust|
Compare IIFL Securities with MasterTrust on transaction charges and PCM fee by segment.
|Transaction Charges Compare||IIFL Securities||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 110 Per Cr||Rs 110 Per Cr|
|Currency Options||Rs 4000 Per Cr||Rs 4000 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 iifl-securities||Complete Brokerage Plans for mastertrust|
Compare IIFL Securities 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 IIFL Securities doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.
|Account Features Compare||IIFL Securities||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 IIFL Securities 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||IIFL Securities||MasterTrust|
|Desktop Trading Platform||IIFL Trader terminal||OMNESYS NEST|
|Desktop Demo||Desktop Demo||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://ttweb.indiainfoline.com||http://direct.mastermarts.com/|
|Web Trading Demo||Info Not Available||Info Not Available|
|Mobile Trading App||IIFL Markets||mastermobile|
|Mobile Trading App Demo||IIFL Markets Demo||Info Not Available|
|Android Mobile App|
|Android App Download||Andriod IIFL Markets Download||Andriod mastermobile Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS IIFL Markets 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 IIFL Securities||Equity Intraday and Delivery Brokerage Calculator for MasterTrust|
|Futures Brokerage Calculator||Futures Brokerage Calculator for IIFL Securities||Futures Brokerage Calculator for MasterTrust|
|Options Brokerage Calculator||Options Brokerage Calculator for IIFL Securities||Options Brokerage Calculator for MasterTrust|
|Detail||Detail on Trading Platforms for iifl-securities||Detail on Trading Platforms for mastertrust|
|81 Customer Reviews||2 Customer Reviews|
|Trading Brokerage Rating|
|Trading Platform Usability|
|Customer Service Ratings|
|Broker Rating||IIFL Securities is Rated 2.8 / 5 based on 81 customer reviews||MasterTrust is Rated 1.5 / 5 based on 2 customer reviews|
Compare IIFL Securities 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) - IIFL Securities provide PMS Service where MasterTrust doesn't offer
|Investment Offerings Compare||IIFL Securities||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 IIFL Securities 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) - IIFL Securities 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- IIFL Securities offers Good Till Cancelled (GTC) orders where MasterTrust doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||IIFL Securities||MasterTrust|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Compare IIFL Securities with MasterTrust on Exposure/Margin offered by the 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||IIFL Securities||MasterTrust|
|Equity Delivery Margin||Upto 5x||Info Not Available|
|Equity Intraday Margin||Up to 20x on MIS, Bracket order, (BO) and cover order (CO)||Up to 10x or 10% subject to Var and ELM.|
|Futures Margin||Intraday: Upto 4x| BO/CO: 25% of Exchange margin + SL Margin||1x means actual SPAN + Exposure.|
|Options Margin||Stock options: 2x (sell), 1x (Buy)| Index Options Buy: 3x (intraday)| BO/CO: 25% of Exchange margin + SL Margin| Index options sell: 4x (intraday)| BO/CO: 25% of Exchange margin + SL Margin||1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.|
|Equity CO Margin||Up to 20x||Up to 10x or 10% subject to Var and ELM, no additioanl margin for Cover Order.|
|Futures CO Margin||1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order.||1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order.|
|Options CO Margin||1x means actual SPAN + Exposure margin(Sell) or Premium Margin(Buy), No additional Margin for Options Cover Order.||1x means actual SPAN + Exposure margin(Sell) or Premium Margin(Buy), No additional Margin for Options Cover Order.|
|Commodity Margin||1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.||1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.|
Compare IIFL Securities 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 Service Compare||IIFL Securities||MasterTrust|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||022-40071000||Info Not Available|
|Account Opening Process||Online/Paperless||Info Not Available|
|Customer Support Email||[email protected]||Info Not Available|
|Knowledge Center/Education||https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx||Info Not Available|
|Head Office Address||IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
|Info Not Available|
|Website||https://www.indiainfoline.com/||Info Not Available|
Compare IIFL Securities with MasterTrust on research reports and tips provided by the broker.
|Research Mutual Funds|
|Research Equity Reports|
|Daily Market Report|
|Quarterly Result Analysis|
Compare IIFL Securities with MasterTrust on Demat Service and Charges. This section covers about demat charges, demat service and other details
|Demat Account Annual Maintenance Charges(AMC)||₹400 pa||₹300 pa (Second Year Onwards)|
|Advance Deposit||Nil||Rs. 2500/- for Scheme A Rs. 555/- for Scheme LF (For Individuals ony) for Lime time AMC Free. Rs. 800/- for scheme 800|
|Transaction Charges on Debit (Per ISIN)||0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges)||₹50|
|Demat||₹15 per certificate + ₹40 courier charges||₹3 per certificate + ₹20 per request|
|Remat||₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges||₹20 for every hundred securities or ₹20 per certificate (whichever is higher)|
|Pledge Creation Confirmation||Nil||Nil|
|Pledge Closure Confirmation||Nil||Nil|
|Failed Instruction Charges||Nil||₹20|
Compare IIFL Securities with MasterTrust on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|Pay In and Pay Out Options||Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only
|Info Not Available|
|Payout Time||Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999.||Info Not Available|
|Bank Supported and Charges||Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms.||Info Not Available|
|Bank Detail||India Infoline Ltd
|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||Open IIFL Demat & Trading Account Free - Zero A/c Opening Charge & 1st year AMC waived off.|
|Enquiry||Enquire about IIFL Securities||Enquire about MasterTrust|
Last Updated on 2021-01-28T23:33:20+00:00