Master Trust vs Nirmal Bang 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 Nirmal Bang
Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Nirmal Bang: Overview
Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.
Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in
Master Trust vs Nirmal Bang Account Opening Charges: 2024
| Charge | Master Trust | Nirmal Bang |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹100 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 per year | ₹200 per year |
Master Trust vs Nirmal Bang Brokerage Charges and Plans : 2024
| Charge | Master Trust | Nirmal Bang |
|---|---|---|
| Plan Name | 20:20 Plan | N/A |
| Equity Delivery | ₹0 | 0.2% |
| Equity Intraday | ₹20 per executed order | 0.02% |
| Equity Futures | ₹20 per executed order | 0.02% |
| Equity Options | ₹20 per executed order | ₹35 |
| Currency Futures | ₹20 per executed order | 0.02% |
| Currency Options | ₹20 per executed order | ₹20 |
| Commodity Options | ₹20 per executed order | 0.01% |
| Mutual Fund | N/A | N/A |
Master Trust vs Nirmal Bang Margin / Exposure: 2024
| Segment | Master Trust | Nirmal Bang |
|---|---|---|
| Equity Delivery | 1x for 20:20 brokerage plan; Upto 4.5x for Standard Plan | Upto 10x |
| Equity Intraday | Upto 6x | Upto 4x |
| Equity Future | Upto 4x | Upto 4x |
| Equity Options | Upto 5x | Upto 2x for shorting |
| Currency Future | Upto 3x | Upto 2x for shorting |
| Currency Options | Upto 3x | Upto 3x |
| Commodity Future | Upto 1x | Upto 3x |
| Commodity Options | Upto 1x | N/A |