Master Trust: Trading & Demat Account, Reviews, Charges: 2020

One of the popular financial services in the country happens to be Master Trust. Its core beliefs are nurtured towards investment, attitude and sound & philosophical investment approach eloping in the investment universe. The company has a considerable track record for over two decades. Ever since its inception, the company has grown strong with 650+ employees and served over 1,50,000+ clients to date.

Master Trust: Overview

Master Trust is a discount brokerage company which is a subsidiary of Master Capital Services Pvt Ltd. Due to the efforts pulled in by Mr Harjeet Singh and Mr R. K. Singhania, the company was founded in 1994. Currently, the company is located at the financial capital of India, Mumbai.

In 1994, the company acquired its membership of NSE. After which it attained its membership in various depository and exchanges services such as NSDL & CSDL. Furthermore, the stockbroker opened gateways to trade with MCX-SX & NSE currency exchanges, NSE & BSE for equity trade and NSDEX & MCX for commodities.

Master Trust: Services Offered

The company provides an exhaustive list of services which are all given below.

  • Mutual funds
  • Life insurance
  • General insurance
  • Financial planning
  • SEBI Registration Portfolio Manager
  • Margin funding and loan
  • Property services, and much more.

To avail any one of the services as mentioned above, it can be accessed through any one of the 500+ branches spread all across the country in over 22 states.

For those aspiring to become traders and set up their very own Demat account with the company, then it's a one-time fee of 555 rupees. An annual fee of 300 rupees would be applicable as maintenance charges for the Demat account. For the trader's account, it is free. But, a minimum margin of Rs.10,000 should be maintained with Master Trust capital to get started as a trader.

Master Trust: Features & Highlights

The company offers a single login account to undertake all trading options. Even the cross-platform software's that they offer are convenient—single trading of all segments with back-office software for currency, equity and commodity. Master trust offers flexible balance features where balances from different segments such as currency, equity, derivatives and commodities can be used as a single balance.

Master Trust: Types of Accounts

Master Trust offers different accounts based on your trading preferences:

1. Standard Brokerage:

In this type of account, brokerage charges are debited in a percentage format. It all depends on the trade or investment segment of the trade. The charges are 0.03% for equity intraday, currency futures, equity futures and 0.030% for equity delivery. Commodity and equity options are charged 75 rupees per lot. On the other hand, currency trades are charged 10 rupees per lot.

2. A 20:20 Plan i.e. Per-order executed

The account has a flat rate of 20 rupees irrespective of the size of the trade. Based on the executed order, 20 rupees is charged. There are no brokerage charges taken for equity delivery through this account. Trading is possible at MCX, NSE and BSE stock markets with derivative, equity, commodities and currency segments.

3. My Plan:

A unique plan that caters to all the trading and investing activities of the user associated with another broker. Master trust has a 25% cut from the existing plans with the other brokers.

Master Trust: Trading Tools and Platforms

1. Master Swift 2.0

A simple yet informative trading tool that is packed with genetic AI strategy. Bundled with advanced charting and strategically optimised tools, helping the traders taking it to the next level. Though these applications are intuitive and engaging, some fee may incur on downloading it or on its usage.

2. Master Mobile

The app is quite intuitive, which enables traders to track trades and equities with seamless movement through all available trading sections. The user interface is relatively straightforward and easy to navigate and set up trades. Carrying out simple trades are possible, but for any complex transaction, it would require a desktop application or through its web portal.

3. Master Web

The platform offers real-time inputs, charts and data about trades along with news feeds, research options, portfolio tracking and much more. It's all through a single login to access multiple segments of trade on the go.

Master Trust Account Opening Charges:2020

ChargeAmount
Demat Account Opening Charges₹0
Trading Acc Opening Charges₹100
Trading Account AMC₹0
Demat Account AMC₹300 per year

Master Trust Account Brokerage Charges: 2020

Master Trust :20:20 Plan Brokerage Charges

ChargeAmount
Plan Name20:20 Plan
Equity Delivery₹0
Equity Intraday₹20 per executed order
Equity Futures₹20 per executed order
Equity Options₹20 per executed order
Currency Futures₹20 per executed order
Currency Options₹20 per executed order
Commodity Options₹20 per executed order
Mutual Fund

Master Trust :Standard Plan Brokerage Charges

ChargeAmount
Plan NameStandard Plan
Equity Delivery0.30%\t
Equity Intraday0.03%\t
Equity Futures0.03%\t
Equity OptionsRs. 75 per lot\t
Currency Futures0.03%\t
Currency OptionsRs. 10 per lot\t
Commodity OptionsFutures: 0.30% and Options: Rs. 75 per lot\t
Mutual Fund

Master Trust :My Plan (Annual brokerage of ₹1000) Brokerage Charges

ChargeAmount
Plan NameMy Plan (Annual brokerage of ₹1000)
Equity Delivery25% off on existing brokerage plan with other brokers
Equity Intraday25% off on existing brokerage plan with other brokers
Equity Futures25% off on existing brokerage plan with other brokers
Equity Options25% off on existing brokerage plan with other brokers
Currency Futures25% off on existing brokerage plan with other brokers
Currency Options25% off on existing brokerage plan with other brokers
Commodity Options25% off on existing brokerage plan with other brokers
Mutual Fund25% off on existing brokerage plan with other brokers

Master Trust Currency Trading

Towards the currency trades, there is a fixed brokerage cost that is imposed on the traders. Its 5 rupees for every currency transaction. It's tentative to change based on the transaction, size and amount. But it's mostly at 0.005% of the total turnover.

Master Trust Commodity Trading

Master trust offers flexible options in terms of commodity trading. Though the brokerage amount doesn't entirely depend on the trade, there is a set brokerage amount of 0.01% of the entire transaction.

It means to say that if you were to undertake trade of 1 Lac rupees, then the brokerage fee

Master Trust Margin/Exposure

Master Trust interaday, delivery, F&O, currency and commodity margins/exposure

SegmentTrading Margin
Equity Delivery1x for 20:20 brokerage plan; Upto 4.5x for Standard Plan
Equity IntradayUpto 6x
Equity FutureUpto 4x
Equity OptionsUpto 5x
Currency FutureUpto 3x
Currency OptionsUpto 3x
Commodity FutureUpto 1x
Commodity OptionsUpto 1x
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