MasterTrust Review 2019

Rated 3/5 by Top Share Brokers Team
MasterTrust Review

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Mastertrust also known as Master Capital Services was incorporated in 1994. Mastertrust deals into equity and derivatives market through BSE and NSE and trades into currency market through MCX-SX. Company also provides commodity trading on MCX and NCDEX through its subsidiary company,Master Commodity Service Ltd. Master Capital has its own DP service and registered as a DP with NSDL and CDSL.

The other services of the company includes merchant banking, mutual funds, IPO’s, life insurance and general insurance products, property services, margin funding and loan, financial planning, SEBI Registered Portfolio Manager etc. Master Capital has pan India presence with over 500+ branches and franchisee network.

On customer service, Mastertrust is reliable for customer service and giving more values to hold a strong relationship. They believe in customized care, treat each customer as unique and provide personal help by dedicated Relationship Manager.They provide access to all your reports online to make it transparent, they have subscription of research report as well as SMS service to get quick updates. Portfolio manager subscription can help you track your investment on real time. Other then above features, they have centralized query resolution process, toll free number, live chat, email support and online query resolution.

Review Summary

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 easily capture market share.


Benefits

  • Lowest brokerage in full service brokering.
  • SMS & eMail alerts.
  • Intelligent tools like Portfolio Tracker and Smart Stock Screener.
  • Dedicated Branch & Relationship Manager.
  • Customized and Competitive Brokerage plans.

Considerations

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


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MasterTrust Investment Options Compare

Here we are comparing MasterTrust with its 5 close competitors on investment options.

Broker MasterTrust Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance Yes Yes Yes No No

MasterTrust Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

MasterTrust Account Opening Charges

      »»  Trading Account Opening Charges: Rs 555
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 300 PA

MasterTrust Brokerage

Mastertrust Brokerage plan is quite simple and competitive. The broker charges .10% for trading in equity cash, .01% for trading in Intraday and Future. Option trading can be done at Rs 10 per lot.

The equity delivery brokerage of .10% is significantly less expensive than all the big brokers, such as ICICIDirect, Sharekhan, HDFC Securities,Kotak Securities etc.

For Intraday and future traders, the brokerage rate of .01% is very less expensive that cannot be overlooked. It’s the cheapest in the full service Broker Industry.

Option Trading @ Rs 10 per lot with Mastertrust is also cheapest in all full service brokers because there are brokers in the Industry who charges even Rs 50 per lot.

To avail all this brokerage rates, you should have Demat account(compulsory) with Mastertrust along with trading account. Currency Option Rs 5/lot and and Future trading for 0.005% of turnover.

Commodity trading 0.007% of turnover which is also lowest in full service brokers.

  • Trading & Demat Account Opening Charges - Rs 555.
  • AMC charges - Rs 300 per year

There is one catch, as they have very low brokerage charges, there transaction charges are bit high with compare to other full service brokers.

Mastertrust claims to have competitive brokerage rates but they want you to approach them personally for any brokerage related queries. The Broker serves their clients personally as they have sub-brokers office available across the country. They don't want to disclose their brokerage online, they want to serve each customer as different as per their financial needs as well as their brokerage are negotiable. Calling or personally visiting them may help here.

For complete brokerage charges and trading plans detail please visit MasterTrust Brokerage Charges.

MasterTrust with closest competitors

Here we are comparing MasterTrust with its 5 close competitors, who are currently market leader in brokerage industry.

Broker MasterTrust Sharekhan 5paisa Zerodha SAMCO
Service Type Full Service Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range 0.01 to .1% 0.1 to 0.5% Rs 10 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery 0.1% or 10 paisa 0.5% or 50 paisa Flat Fee Rs 10 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.01% or 1 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures 0.01% or 1 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Rs 10 Per Lot 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity 0.01% or 1 paisa 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.01% or 1 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Rs 5 Per Lot 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate MasterTrust Brokerage Calculator


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Alternatives to MasterTrust

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MasterTrust Trading Platform and Tools

Trading Platforms Rated 3/5

    Mastertrust Desktop Terminal"Master Swift" – mastertrust is using OMNESYS NEST Trader as their primary desktop trading terminal.

      Key feature of NEST trading platform are:
    • Real-time market data and live price quotes of NSE, BSE, CDS, MCX and NCDEX
    • Live Alert - Receive live stock recommendations on your trading screen as pop-up alerts
    • Advanced Charting - Displays 21-day intraday charts, historical charts and over 50 indicators
    • Market Movers - Shows Value leaders, Volume Leaders, Top Stock Gainers and Losers
    • Option Chain - Option chains are the easiest form of presentation as the clients can understand how the strikes prices perform and they can compare between call option and put options of the same strike and different strikes as well in a single window.
    • Market Monitor - Portrays 52 week high/low, Day’s high & day’s low, Upper and Lower Circuit breakers
    • Online fund transfer - Pay in and Pay out
    • Access all account related information like Portfolio Tracker, Capital Gains, Statement of Accounts, DP Holdings and back office Report
      • And many more like
      • Basket Order Placement
      • Exercise Window
      • Trade Modify/Cancel
      • Options Calculator
      • Hourly Statistics
      • Heat Map
      • VWAP Calculator
      • TOP N Calculator

    Mastertrust Web Trade - "Master Classic" is a power-packed online trading platform, which provides you with Live streaming quotes (Sensex movements) and research calls, and integrated fund transfer system along with multiple watch list facility.

      Key feature of master classic:
    • Single login for Trading, Back-office & DP.
    • Integrated Market Watch (A single platform for multiple exchanges BSE – Cash, and NSE - Cash & F&O, Commodity & Currency & MFSS)
    • Live streaming quotes,Predefined Market watch
    • Various order types- Normal, Basket, spread, Cover Order & After-market Orders.
    • Integrated real time Portfolio Tracker
    • Hot functional keys similar to Brokers Terminal
    • Easy order entry for Equities and Derivatives
    • Simplified tracking of Orders, Trades and Positions
    • Online fund transfer facility from around 11 banks
    • Ability to set and receive alerts via E-Mail
    • Viewing of real-time positions, limits and holdings
    • Stock Market News and recommendations on the market watch screen
    • Comprehensive research reports
    • Completely customizable streaming Market Watch
    • Single-click 360o stock information
    • Tools & Calculators

    Mastertrust mobile app –“Mastermobile” – Trade on the go using mastertrust mobile app. Get lightning speed trading experience, monitor your positions right online, view latest quotes, track portfolio and market movements, analyses market trends and much more anytime anywhere. The mastermobile enables you to keep up with the biggest stock exchanges in India- BSE and NSE. With this app you can get notification or chk your position done on branches or dealer office. Dual security level for no accidental trade.

    Mastertrust Portfolio Tracker – Its one stop shop for your entire portfolio and below given key features:

    • Live tracking of portfolio performance
    • Buy and sell feature built-in with the module
    • Profit & loss, dividend report
    • Automatic transaction update and gain/loss report real time
    • Tax returns report
    • Holding view option with average cost for decision making
    • Single login with ABM classic

    Other then above tools Mastertrust provide:

    Stock Screeners, IPO Tracker, Mutual Fund Screeners, Charting, Risk Calculator, Retirement Planning, Education Calculator, News & Market Commentary.

    For detail review of mobile app and download please visit MasterTrust Trading Platform Review.

MasterTrust Trading Platform Compare

Here we are comparing MasterTrust with its 5 close competitors on Trading Platform.

Broker MasterTrust Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) No Yes Yes Yes No
iPad App No Yes Yes Yes No
Mobile Site No Yes Yes Yes Yes

Final thought about MasterTrust

Mastertrust is type of broker who is more interested in carrying business through their sub brokers and branches in different cities. Their focus is to attract local customer city wise and not on centralized online trading. They have improved their online presence by updating their site with new look and feel.They also extend their presence in discount brokers segment by adding new company "myvaluetrade". By adding a new firm in thier portfolio, they want to step and hold their footprints in market through discount brokerage. On and on, Mastertrust's well-respected place in the realm of full service brokers should continue to grow in .

If you like what you have read and want to start trading, leave your contact information with us and we will guide you.


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MasterTrust User Reviews

avatar
13. Kamal Sep 13, 2018 2:05:28 PM IST Reply
Great

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
12. naveen Jul 20, 2018 10:49:14 AM IST Reply
very good desktop software experience.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
11. mukesh Jul 20, 2018 10:44:48 AM IST Reply
best in services

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
10. arvind Jul 20, 2018 10:42:07 AM IST Reply
i am arvind and i tell u this company best in market. i am satisfied this company services.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
9. dilip Jul 19, 2018 10:31:54 AM IST Reply
very hard working and and given good service for me last 25 years...

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
8. pawan kumar Jul 19, 2018 10:28:28 AM IST Reply
i am working last 20 years with master trust and i got superb returns of my money value.
thank you master trust

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
7. pranav Jun 5, 2018 7:59:27 PM IST Reply
nice service and brokerage

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
6. VIKAS Mar 1, 2018 9:09:25 PM IST Reply
Very bad experience

Ratings:

Brokerage - Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
5. ravindra Oct 1, 2017 7:21:43 AM IST Reply
OK

Ratings:

Brokerage - Average
Account Maintenance Fees - Below Average
Website Usability - Average
Customer Service - Below Average
Overall Experience - Below Average
avatar
4. S Shah Sep 18, 2017 7:46:48 PM IST Reply
Yearly brokerage plan very nice....

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

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