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.
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.
Brokerage not displayed online, Not a 3 in 1 account, high transaction charges.
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 |
»» Trading Account Opening Charges: Rs 555
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Free
»» Demat Account AMC: Rs 300 PA
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.
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.
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
Mastertrust Desktop Terminal"Master Swift" – mastertrust is using OMNESYS NEST Trader as their primary desktop trading terminal.
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.
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:
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.
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 |
If you like what you have read and want to start trading, leave your contact information with us and we will guide you.
Ratings:
Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent