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ICICIdirect Vs Master Trust (Compare ICICIdirect and Master Trust)

ICICI Securities Pvt Ltd. Logo

About ICICIdirect
ICICIdirect is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include equity, commodity, and currency trading at BSE, NSE, and MCX. The company also offers Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc. ICICIdirect's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI Tr... Know more about ICICI Securities Pvt Ltd.

Master Capital Services Ltd Logo

About Master Trust
Master Trust is a discount brokerage company part of the Master Capital Services Ltd. Incorporated in 1985; Master Capital Services Ltd (part of Master Trust Group) is a leading financial services company in India. Master Trust Group entered in to discount brokerage business in Aug 2014. Master Trust offers both flat fees per trade and standard trading plan. They have PAN India presence with a client base of 2,50,000 which covers 300+ locations across 22 states of India Master Trust has f... Know more about Master Capital Services Ltd

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ICICIdirect Vs Master Trust

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in , Master Trust is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

  ICICIdirect Master Trust
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX
Year of Incorporation 2000
Number of Branches 154
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ICICIdirect Vs Master Trust Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while Master Trust account opening changes is Rs 100. ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and Master Trust Demat Account AMC Charges is Rs 300.

  ICICIdirect Master Trust
Trading Account Opening Charges Rs 0 (Free) Rs 100
Trading Account AMC Charges Rs 0 (Free) Nil
Demat Account Opening Charges Rs 0 (Free) Nil
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 300

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ICICIdirect Vs Master Trust Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Master Trust brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order.

Account Type ICICIdirect ICICI Neo Plan Master Trust 20:20 Plan
Fixed Charges NA
Equity Delivery 0.55% Rs 0 (Free)
Equity Intraday Rs 20 per order Rs 20 per executed order
Equity Futures Rs 0 (Free) Rs 20 per executed order
Equity Options Rs 20 per order Rs 20 per executed order
Currency Futures Rs 20 per order Rs 20 per executed order
Currency Options Rs 20 per order Rs 20 per executed order
Commodity Futures Rs 20 per order Rs 20 per executed order
Commodity Options Rs 20 per order Rs 20 per executed order
Special Offer
Special Offer: ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now

ICICIdirect Vs Master Trust Brokerage Plan 2

  ICICIdirect Master Trust
Account Type I-Secure Plan Standard Plan
Fixed Charges NA
Equity Delivery 0.55% 0.30%
Equity Intraday 0.275% 0.03%
Equity Futures 0.05% 0.03%
Equity Options Rs 95 per lot Rs 75 per lot
Currency Futures Rs 20 per order 0.03%
Currency Options Rs 20 per order Rs 10 per lot
Commodity Futures Rs 20 per order 0.30%
Commodity Options Rs 20 per order Rs 75 per lot
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ICICIdirect Vs Master Trust Brokerage Plan 3

  ICICIdirect Master Trust
Account Type ICICI Neo Plan My Plan
Fixed Charges NA Annual brokerage of Rs 1000
Equity Delivery 0.55% 25% off on existing brokerage plan
Equity Intraday Rs 20 per order 25% off on existing brokerage plan
Equity Futures Rs 0 (Free) 25% off on existing brokerage plan
Equity Options Rs 20 per order 25% off on existing brokerage plan
Currency Futures Rs 20 per order 25% off on existing brokerage plan
Currency Options Rs 20 per order 25% off on existing brokerage plan
Commodity Futures Rs 20 per order 25% off on existing brokerage plan
Commodity Options Rs 20 per order 25% off on existing brokerage plan
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ICICIdirect Charges Vs Master Trust

Minimum Brokerage Rs 35 per trade (I-Secure Plan) Rs 0
Other Charges Margin Trading Interest: 0.025% Per day
Call & Trade Charges Rs 50 per trade Rs 20 per executed order

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ICICIdirect Vs Master Trust Transaction Charges

ICICIdirect transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Master Trust exchange transaction charges for options is NSE Rs 6000 | BSE Rs 3500.

  ICICIdirect Master Trust
Equity Delivery NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 325 | BSE Rs 325
Equity Intraday NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 325 | BSE Rs 325
Equity Futures Rs 180 per Cr (0.0018%) NSE Rs 300 | BSE Rs 150
Equity Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 6000 | BSE Rs 3500
Currency Futures Rs 120 per Cr (0.0012%) NSE Rs 120 | BSE Rs 100
Currency Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 4200 | BSE Rs 1000
Commodity Group A - Rs 260 per Cr (0.0026%) MCX Rs 250
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ICICIdirect Vs Master Trust Leverage (Margin)

ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Master Trust margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  ICICIdirect Master Trust
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare ICICIdirect and Master Trust Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Master Trust offers OMNESYS NEST trading software.

  ICICIdirect Master Trust
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App OMNESYS NEST
Intraday Square-off Time 3:30 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program
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ICICIdirect Vs Master Trust Review

ICICIdirect is rated 2.4 of 5 based on 461 customer reviews whereas Master Trust is rated 3.6 of 5 based on 14 customer reviews.

  ICICIdirect Master Trust
  461 Customer Reviews    Rate ICICIdirect 14 Customer Reviews    Rate Master Trust
Fees 2.2 3.6
Brokerage 1.7 4.1
Trading Platform 3.3 3.6
Customer Service 2.7 3.5
Research Capabilities 2.9 3.0
Overall Ratings Rated 2.4 stars Rated 3.6 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 461 customer reviews Master Trust is rated 3.6 of 5 based on 14 customer reviews

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Contact Broker / Request A Call Back

  ICICIdirect Enquire Master Trust Enquire
Contact Broker ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now Leave your contact information and we will get in touch with you....

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ICICIdirect Vs Master Trust Investment Options

  ICICIdirect Master Trust
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS Mutual Funds

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ICICIdirect Vs Master Trust Order Type Offered

  ICICIdirect Master Trust
Bracket Order No
Cover Order Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No
Good Till Cancelled (GTC) Yes
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ICICIdirect Vs Master Trust Research Report

  ICICIdirect Master Trust
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

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ICICIdirect Vs Master Trust Suitable For Investor Type

  ICICIdirect Master Trust
Casual Investor Yes
Active Investor
Trader Yes

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ICICIdirect Vs Master Trust - Pros and Cons

  ICICIdirect Master Trust
Pros
  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.
  1. Monthly unlimited trading plans available for trading at NSE, BSE and MCX.
  2. Funds transfer facility with 45 major banks available.
  3. MyValueTrade gives Intraday up to 33 times exposure
  4. No minimum brokerage.
  5. No need to login in different platforms for different segment.
  6. No more need to transfer deposits in one exchange to another for trading.
  7. Trade across all segments using Flexi-Balance feature wherein the balance across different segments viz. Equity, commodity, derivatives and currency can be used as one single balance.
Cons
  • ICICI Security charges highest brokerage in comparison to most of the retail brokers in India.
  • Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hours of trading.
  • Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
  • Demat Account is mandatory.
  • Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.
Reviews
Promo / Offers

ICICIdirect Neo Plan (Discount Brokerage)

Open a 3-in-1 account with Neo Plan for:

  • Free Account Opening
  • Brokerage-Free Equity Futures trading
  • Flat Rs. 20 per trade brokerage in Options, Currency F&O and Commodity futures in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 30 minutes of selling stocks

Interested in opening a trading account? Open Instant Account Now

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