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TradeSmart 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 TradeSmart Max Rs 15 per trade while the brokerage of MasterTrust ranges between 0.01 to .1%. TradeSmart is a Discount Broker where MasterTrust is a Full Service Broker. TradeSmart is having overall higher rating compare to MasterTrust. TradeSmart is rated 4 out of 5 where MasterTrust is rated only 3 out of 5. Number of active customer for MasterTrust is 59,711 where number of active customer for TradeSmart is 29,627. MasterTrust is serving more customer compare to TradeSmart.

Here we present side-by-side comparison of TradeSmart 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 TradeSmart 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 TradeSmart 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 TradeSmart 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 TradeSmart vs MasterTrust on Service

  TradeSmart Compare
TradeSmart
MasterTrust Compare
MasterTrust
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 29,627 59,711
Broker Overview Open TradeSmart Account to trade at either 0.007% or Rs. 15 lowest flat brokerage charges on the best platforms (SINE mobile app and trading website, and TradeSmart App), and get active customer support. 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 TradeSmart vs MasterTrust on Trading & Demat Account Opening Charges

Comparison of TradeSmart with MasterTrust on trading & demat account opening charges and AMC. Trading account opening charges - TradeSmart charges Rs 200 for account opening where MasterTrust charges Rs 555 for account opening. Demat AMC charges - Both broker charge Rs 300 PA AMC for Demat Account.

Trading & Demat Account Opening Charges - Compare TradeSmart with MasterTrust
Charges TradeSmart MasterTrust
Trading Account Opening Fees Rs 200 Rs 555
Trading AMC Free Free
Demat Account Opening Fees Rs 200 Free
Demat AMC Rs 300 PA Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare TradeSmart vs MasterTrust on Plan Options

Plans are the most important feature you look when compare TradeSmart with MasterTrust. This section compare on high level about type of plans offered by brokers. Multiple Plans - TradeSmart provide Multiple Plans where MasterTrust doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare TradeSmart with MasterTrust on Plan Options
Plan Types TradeSmart MasterTrust
Multiple Plans Yes 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 TradeSmart vs MasterTrust on Brokerage Charges

TradeSmart Brokerage Plan detail - 15 Rs Flat-rate power plan is good for big volume trader. This plan is good for traders who are not doing frequent trades but doing volume trade. This plan comes with up to 30x exposure on Equity.

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 TradeSmart with MasterTrust
Brokerage Charges Compare TradeSmart MasterTrust
Plan Name Flat Fee Rs 15 Trading Plan (Power Plan) Basic Trading Plan (Percentage Based)
Equity Delivery Flat Fee Rs 15 0.1% or 10 paisa
Equity Intraday Flat Fee Rs 15 0.01% or 1 paisa
Equity Futures Flat Fee Rs 15 0.01% or 1 paisa
Equity Options Flat Fee Rs 15 Rs 10 Per Lot
Currency Futures Flat Fee Rs 15 0.01% or 1 paisa
Currency Options Flat Fee Rs 15 Rs 5 Per Lot
Commodity Trading Flat Fee Rs 15 0.01% or 1 paisa
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding No Info Not Available
Call & Trade Charges Rs 20 per executed Order NA
Auto Square off Charges Rs 20 per executed Order NA
Brokerage Calculator Brokerage Calculator for TradeSmart Brokerage Calculator for MasterTrust
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Share Broker's Transaction Charges

Compare TradeSmart vs MasterTrust on Transaction Charges

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

Transaction Charges - Compare TradeSmart with MasterTrust
Transaction Charges Compare TradeSmart 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 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for trade-smart-online Complete Brokerage Plans for mastertrust
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Account Features

Compare TradeSmart vs MasterTrust on Account Features

Compare TradeSmart 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 - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - MasterTrust offers a margin funding where TradeSmart doesn't offers margin funding. NRI Trading - MasterTrust offers NRI where TradeSmart doesn't offers NRI Trading.

Account Features - TradeSmart with MasterTrust
Account Features Compare TradeSmart MasterTrust
3 in 1 Account No TradeSmart have 2-in-1 account. Only Demate and Trading account. No TradeSmart have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No 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 No Yes
Other Features NIL NIL
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Trading Platform

Compare TradeSmart vs MasterTrust on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w TradeSmart 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 TradeSmart with MasterTrust
Trading Platform Compare TradeSmart MasterTrust
Desktop Trading Platform NEST Trader & Fox Trader 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://sine.tradesmartonline.in/userMaster/login http://direct.mastermarts.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App Sine mastermobile
Mobile Trading App Demo Sine Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Sine Download Andriod mastermobile Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Sine 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 TradeSmart Equity Intraday and Delivery Brokerage Calculator for MasterTrust
Futures Brokerage Calculator Futures Brokerage Calculator for TradeSmart Futures Brokerage Calculator for MasterTrust
Options Brokerage Calculator Options Brokerage Calculator for TradeSmart Options Brokerage Calculator for MasterTrust
Detail Detail on Trading Platforms for trade-smart-online Detail on Trading Platforms for mastertrust

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Broker Ratings by Users

Compare TradeSmart vs MasterTrust on User Rating

  TradeSmart MasterTrust
  34 Customer Reviews    Rate TradeSmart 2 Customer Reviews    Rate MasterTrust
Fees Ratings 3.9 2.0
Trading Brokerage Rating 4.4 3.0
Trading Platform Usability 3.7 2.0
Customer Service Ratings 4.0 1.5
Overall Ratings 4.0 1.5
Broker Rating TradeSmart is Rated 4.0 / 5 based on 34 customer reviews MasterTrust is Rated 1.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare TradeSmart vs MasterTrust on Investment Offerings

Compare TradeSmart 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 - MasterTrust offers online mutual fund investment option where TradeSmart doesn't offer. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare TradeSmart with MasterTrust
Investment Offerings Compare TradeSmart MasterTrust
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No No
Mutual Funds No Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No No
Insurance No Yes
Forex No No
MF SIP Investment No 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 TradeSmart vs MasterTrust on Order Types

Order Type - Compare TradeSmart 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) - TradeSmart 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) - TradeSmart provide Bracket Orders (BO) where MasterTrust doesn't offer.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- Both broker doesn't support Good Till Cancelled (GTC) orders.

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

Compare TradeSmart vs MasterTrust on Customer Service

Compare TradeSmart 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 TradeSmart with MasterTrust
Customer Service Compare TradeSmart MasterTrust
24/7 Customer Service TradeSmart vs MasterTrust - 24x7 customer support No No
Email Support TradeSmart vs MasterTrust - Email Support Yes Yes
Onine Live Chat TradeSmart vs MasterTrust - Onine Live Chat Yes Yes
Phone Support TradeSmart vs MasterTrust - Phone Support Yes Yes
Toll Free Number TradeSmart vs MasterTrust - Toll Free Number No Yes
Through Branches TradeSmart vs MasterTrust - Through Branches No Yes
Customer Care Number TradeSmart vs MasterTrust - Customer Care Number 022 61208000 Info Not Available
Account Opening Process TradeSmart vs MasterTrust - Account Opening Process Online/Paperless Info Not Available
Customer Support Email TradeSmart vs MasterTrust - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education TradeSmart vs MasterTrust - Knowledge Center/Education https://help.tradesmartonline.in/ Info Not Available
Head Office Address TradeSmart vs MasterTrust - Head Office Address/Corporate Address Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Info Not Available
Website TradeSmart vs MasterTrust - Company Website https://tradesmartonline.in/ Info Not Available
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Tips/Research/Reports Published

Compare TradeSmart vs MasterTrust on Research Reports, Tips

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

Research Reports - Compare TradeSmart with MasterTrust
  TradeSmart MasterTrust
Research Mutual Funds TradeSmart vs MasterTrust - Research Mutual Funds No Yes
Research Equity Reports TradeSmart vs MasterTrust - Research Equity Reports No Yes
Research ETF TradeSmart vs MasterTrust - Research ETF No Yes
Daily Market Report TradeSmart vs MasterTrust - Daily Market Report No Yes
Free Tips TradeSmart vs MasterTrust - Free Tips No Yes
Quarterly Result Analysis TradeSmart vs MasterTrust - Quarterly Results No Yes
News Alerts TradeSmart vs MasterTrust - No Yes
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Demat Account

Compare TradeSmart vs MasterTrust on Demat Account

Compare TradeSmart 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 TradeSmart is ₹300 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 TradeSmart is ₹25 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 TradeSmart with MasterTrust
  TradeSmart MasterTrust
DP Source CDSL CDSL
DP ID TradeSmart vs MasterTrust - DP ID 30400 No
Demat Account Annual Maintenance Charges(AMC) ₹300 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
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹25 ₹50
Demat ₹500 per certificate (Min ₹500 per request) ₹3 per certificate + ₹20 per request
Remat ₹500 per certificate (Min ₹500 per request) ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation ₹200 per script
₹50 for trading margin each side
₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹200 per script ₹25
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹200 per script ₹25
Failed Instruction Charges Nil ₹20
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare TradeSmart vs MasterTrust on Special Offers and Promotion

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

Compare TradeSmart vs MasterTrust on Special Offers and Promotion
  TradeSmart MasterTrust
Pay In and Pay Out Options TradeSmart 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 SIGN Mobile, SIGN Web and NEST Software.
Pay-out/Fund Withdrawal - Bank Transfer only.
Info Not Available
Payout Time TradeSmart vs MasterTrust - Payout Time Up to 24 Hrs except Bank Holidays. Info Not Available
Bank Supported and Charges TradeSmart vs MasterTrust - Bank Supported and Charges Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart trading platforms. Info Not Available
Bank Detail VNS Finance and Capital Services Ltd.,
Account Number:VNS095XXXXXXX
Bank and Branch: Yes Bank,CMS National Operating Centre MMR
Account Type: Current Account
IFSC Code: YESB0CMSNOC
Info Not Available
Likes

Check out the key advantages, reasons, or benefits on Why Choose TradeSmart For Stock Trading?

  • Trade in stocks, derivatives, currencies, and commodities.
  • Lowest brokerage: Trade at 15 flat brokerage fees.
  • Multiple trading platforms: SINE, TradeSmart App, Nest Trader, Fox Trader, etc.
  • Super-efficient Trade Smart Box integrated back office portal.
  • Tradetron Algo Trading with TradeSmart.
  • No minimum balance is required.
  • Instant UPI fund transfer.
  • Free of cost Swing API.
  • Apply for IPOs online using UPI.
  • Online Direct mutual fund investment at Rs.0 brokerage.
  • Online brokerage calculator to calculate trading cost upfront.
  • TradeSmart blogs, newsroom, and Knowledge hub for beginners to experts.
  • Advanced orders like bracket order (BO), cover order (CO), and after-market order (AMO).
  • Margin against shares (MAS) in your Demat account.
  • No Hidden charges.

Detail Review...

Detail Review...

Dislikes

There are several disadvantages or limitations as well of trading with TradeSmart such as follows;

  • You cannot invest in SME IPOs.
  • TradeSmart App is only available on the Play Store.
  • NRIs cannot open a Demat and Trading account at Trade smart.
  • It does not provide trading tips, research, and portfolio management services.

Detail Review...

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

Detail Review...

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Last Updated on 2023-09-01T03:17:59+00:00