MasterTrust Brokerage and Demat Account Review 2019

Rated 3/5 by Top Share Brokers Team
MasterTrust Review

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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.

Our independent review of MasterTrust

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.

Why to choose MasterTrust as your stock broker?

  • 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.
LikesWhat we like about MasterTrust

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

DislikesWhat we dislike about MasterTrust

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

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What are the Investments Options available with MasterTrust?

MasterTrust - Equity Cash and F&O
Yes
MasterTrust - Currency F&O
Yes
MasterTrust - Commodity Trading
Yes
MasterTrust - Mutual Funds
Yes
MasterTrust - ETF
Yes
MasterTrust - Online IPO
No
MasterTrust - Bonds Investment
Yes
MasterTrust - Debt Investment
Yes
MasterTrust - Banking Service
No
MasterTrust - Insurance Service
Yes
MasterTrust - MF SIP Investment
Yes

How is 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 0.01 to .1% 0.1 to 0.5% Rs 10 Rs 20 20 Rs
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Monthly Plans No No No No No
Rating

Please refer unique and accurate MasterTrust Brokerage Calculator

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MasterTrust Brokerage Plans Review - 2019

Brokerage and Commission Rated 3/5

    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.

MasterTrust Brokerage Charges - Basic Trading Plan (Percentage Based)

Brokerage Plan Basic Trading Plan (Percentage Based)
Flat Fee NA
Equity Delivery 0.1% or 10 paisa
Equity Intraday 0.01% or 1 paisa
Equity Futures 0.01% or 1 paisa
Equity Options Rs 10 Per Lot
Currency Futures 0.01% or 1 paisa
Currency Options Rs 5 Per Lot
Commodity 0.01% or 1 paisa

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

What are the various Product and Services offered by MasterTrust?

Product & Services Rated 3/5
MasterTrust - 3 in 1 Account
No
MasterTrust - Multiple Plans
No
MasterTrust - Monthly Plan
No
MasterTrust - Yearly Plan
No
MasterTrust - Portfolio
Yes
MasterTrust - Charting
Yes
MasterTrust - Automated Trading
Yes
MasterTrust - AMO Order
Yes
MasterTrust - Allow GTC Order
No
MasterTrust - SMS Alerts
Yes
MasterTrust - Margin Trade Funding
Yes
Combined Ledger for Equity and Commodity
No
MasterTrust - NRI Trading
Yes

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What are the Customer Support options availabel with MasterTrust?

Customer Support Rated 3/5
MasterTrust - Phone Support
Yes
MasterTrust - Toll Free Number
Yes
MasterTrust - Email Support
Yes
MasterTrust - Branch Offices
Yes
MasterTrust - Live Chat
Yes
MasterTrust - 24/7 Support
No

What are the trading platform offered by MasterTrust?

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.

What are the Trading Platforms & Tools Options available with MasterTrust?

MasterTrust - Desktop Platform (Windows)
Yes
MasterTrust - Desktop Platform (Mac)
No
MasterTrust - Web Platform
Yes
MasterTrust - Stock Alerts via Email
No
MasterTrust - Stock Alerts via SMS
No
MasterTrust - Virtual Trading
No
MasterTrust - Watch-lists, streaming real-time quotes
Yes
MasterTrust - Mobile App
Yes
MasterTrust - Android Tablet App
Yes
MasterTrust - Android App
Yes
MasterTrust - iPhone App
No
MasterTrust - iPad App
No
MasterTrust - Mobile Trading Site
No

MasterTrust Membership Information

  1. Master capital Service Ltd NSE Membership:
    • Capital Market (CM) - INB230643634
    • Future & Options (F&O) - INF230643634
    • Currency Derivatives (CDS) - INE230643634
  2. Master capital Service Ltd BSE Membership:
    • Capital Market (CM) - INB010643634
    • Future & Options (F&O) - INF010643634
  3. Master capital Service Ltd MCX Membership:
    • MCX-SX CDS : INE260643634
    • MCX-SX CM&FO - INB260643631/INF260643631
    • NCDEX : NCDEX/TCM/CORP/0138
    • MCX : MCX/TCM/CORP/0472
  4. Master capital Service Ltd Depository:
    • Depository Participant : NSDL-IN-DP-NSDL-108-99; CDSL-IN-DP-CDSL-141-2001;

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.

Compare MasterTrust

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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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