Master Trust vs IIFL Securities Comparison: 2024
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 &
About IIFL Securities
IIFL Securities is one of the leading broking firms in India with a financial parent body, IIFL group. Founded in 1995 by Nirmal Jain, this group is a renounced financial service provider with a variety of products and services. From broking to wealth management, India Infoline group has spread its arms in all possible financial sectors and has also bagged multiple awards for the same all these years.
In this article, we will cover a complete review of the broking sector of IIFL, its charges, steps to open an account, and the software it provides.
India Infoline Securities: Overview
IIFL Securities is a full-service broking company spread across major cities of India and adhering to a wide range of investors' needs. They offer a complete trading solution including online presence and researched advisory by professionals of the industry. Mr. Nirmal Jain, the chairman of the IIFL group was also one of the
Master Trust vs IIFL Securities Account Opening Charges: 2024
| Charge | Master Trust | IIFL Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹100 | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 per year | ₹400 per year |
Master Trust vs IIFL Securities Brokerage Charges and Plans : 2024
| Charge | Master Trust | IIFL Securities |
|---|---|---|
| Plan Name | 20:20 Plan | Flat Plan (FBP) |
| Equity Delivery | ₹0 | 0.50% |
| Equity Intraday | ₹20 per executed order | 0.05% |
| Equity Futures | ₹20 per executed order | 0.05% |
| Equity Options | ₹20 per executed order | 1% of Premium or ₹100 per lot, whichever is high |
| Currency Futures | ₹20 per executed order | 0.05% |
| Currency Options | ₹20 per executed order | 1% of Premium or ₹100 per lot, whichever is high |
| Commodity Options | ₹20 per executed order | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high |
| Mutual Fund | N/A | N/A |
Master Trust vs IIFL Securities Margin / Exposure: 2024
| Segment | Master Trust | IIFL Securities |
|---|---|---|
| Equity Delivery | 1x for 20:20 brokerage plan; Upto 4.5x for Standard Plan | Upto 3x |
| Equity Intraday | Upto 6x | Upto 20x |
| Equity Future | Upto 4x | Upto 3x |
| Equity Options | Upto 5x | Upto 3x |
| Currency Future | Upto 3x | Upto 2x |
| Currency Options | Upto 3x | Upto 2x |
| Commodity Future | Upto 1x | Upto 3x |
| Commodity Options | Upto 1x | N/A |