ICICI Direct vs Master Trust Comparison: 2024
About ICICI Direct
ICICI Direct is a retail broking branch of the ICICI group: India's top financial services provider. It is a full-time stockbroking company with a presence in 87 locations across the country with more 200 offices serving over 20 lakh customers every day. It is the 2nd largest stock broking company in India succeeded by Zerodha Ltd. This retail trading and investment platform offers a wide range of services to invest in stocks and other financial instruments.
ICICI Direct: Overview
The online share trading platform provides a complete investing and trading solution via products like equity trading, derivative trading, mutual funds, bonds, IPOs, NCD, loans, Fixed deposits , insurance etc all in one platform.From complete financial goal based planning to intraday trading in the stock market, ICICI direct is a one-stop solution.
The USP of this firm is the 3-in-1 account service which includes ICICI bank account, trading account and Demat account for
About Master Trust
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 &
ICICI Direct vs Master Trust Account Opening Charges: 2024
| Charge | ICICI Direct | Master Trust |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹975 (One-time) | ₹100 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹700 per year | ₹300 per year |
ICICI Direct vs Master Trust Brokerage Charges and Plans : 2024
| Charge | ICICI Direct | Master Trust |
|---|---|---|
| Plan Name | I-Secure Plan | 20:20 Plan |
| Equity Delivery | 0.55% | ₹0 |
| Equity Intraday | 0.275% | ₹20 per executed order |
| Equity Futures | 0.050% | ₹20 per executed order |
| Equity Options | ₹95 per lot and Option (Intraday) ₹50 per lot | ₹20 per executed order |
| Currency Futures | 0.050% and Currency Futures(Intraday) ₹50 | ₹20 per executed order |
| Currency Options | ₹25 per lot and Currency Options (Intraday) ₹10 per lot | ₹20 per executed order |
| Commodity Options | N/A | ₹20 per executed order |
| Mutual Fund | N/A | N/A |
ICICI Direct vs Master Trust Margin / Exposure: 2024
| Segment | ICICI Direct | Master Trust |
|---|---|---|
| Equity Delivery | 5x | 1x for 20:20 brokerage plan; Upto 4.5x for Standard Plan |
| Equity Intraday | Upto 25x | Upto 6x |
| Equity Future | 4x | Upto 4x |
| Equity Options | 2x for shorting | Upto 5x |
| Currency Future | N/A | Upto 3x |
| Currency Options | N/A | Upto 3x |
| Commodity Future | N/A | Upto 1x |
| Commodity Options | N/A | Upto 1x |