Master Trust vs ProStocks 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 ProStocks
Founded in 2016, ProStocks is the Online venture of Sunlight Broking LLP- one of India's top stock broking companies. It is known to offer convenient trading at economical rates. Being an online venture ProStocks prides itself in not indulging with any overhead costs like branch offices, Relationship managers and expensive advertisements in order to offer low-cost transactions and plans. ProStocks is the cheapest broker for unlimited trading plans which intends to start providing mutual fund services soon.
ProStocks: An Overview
It is a Mumbai-based company founded by SP Toshniwal (present CEO) and Saurabh Ranka which allows its clients to trade and invest in the companies listed on the BSE and NSE exchanges. It facilitates trading in segments like Equity cash, Derivative Trading, Currency trading and Intraday Equity. The 2-in-1 Demat and trading account feature makes transactions handy and convenient. They also offer NRI trading services with zero additional account fee and
Master Trust vs ProStocks Account Opening Charges: 2024
| Charge | Master Trust | ProStocks |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹100 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 per year | ₹0 (with ₹1000 one time refundable deposit) |
Master Trust vs ProStocks Brokerage Charges and Plans : 2024
| Charge | Master Trust | ProStocks |
|---|---|---|
| Plan Name | 20:20 Plan | Unlimited Plan |
| Equity Delivery | ₹0 | ₹0 |
| Equity Intraday | ₹20 per executed order | ₹0 |
| Equity Futures | ₹20 per executed order | ₹0 |
| Equity Options | ₹20 per executed order | ₹0 |
| Currency Futures | ₹20 per executed order | ₹0 |
| Currency Options | ₹20 per executed order | ₹0 |
| Commodity Options | ₹20 per executed order | N/A |
| Mutual Fund | N/A | N/A |
Master Trust vs ProStocks Margin / Exposure: 2024
| Segment | Master Trust | ProStocks |
|---|---|---|
| Equity Delivery | 1x for 20:20 brokerage plan; Upto 4.5x for Standard Plan | 1x (no margin) |
| Equity Intraday | Upto 6x | 7x (Margin intraday sq off) |
| Equity Future | Upto 4x | 2x |
| Equity Options | Upto 5x | 1x (no margin) |
| Currency Future | Upto 3x | 1.5x |
| Currency Options | Upto 3x | 1x (no margin) |
| Commodity Future | Upto 1x | N/A |
| Commodity Options | Upto 1x | N/A |