ICICI Direct Vs Master Trust (Compare ICICI Direct and Master Trust)


ICICI Direct
ICICI Direct 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. ICICI Direct's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI ... Know more about ICICI Securities Pvt Ltd.


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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ICICI Direct Vs Master Trust

Incorporated in 2000, ICICI Direct 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.

  ICICI Direct 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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ICICI Direct Vs Master Trust Charges & AMC

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

  ICICI Direct 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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ICICI Direct Vs Master Trust Brokerage Charges & Plans

ICICI Direct Vs Master Trust Brokerage

ICICI Direct 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.

  ICICI Direct Master Trust
Account Type ICICI Neo Plan 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

ICICI Direct Vs Master Trust Brokerage Plan 2

  ICICI Direct 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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ICICI Direct Vs Master Trust Brokerage Plan 3

  ICICI Direct 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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ICICI Direct 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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ICICI Direct Vs Master Trust Transaction Charges

ICICI Direct 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.

  ICICI Direct 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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ICICI Direct Vs Master Trust Leverage (Margin)

ICICI Direct margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Master Trust margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  ICICI Direct Master Trust
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare ICICI Direct and Master Trust Features

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

  ICICI Direct 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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ICICI Direct Vs Master Trust Review

ICICI Direct is rated 2.4 of 5 based on 449 customer reviews whereas Master Trust is rated 3.9 of 5 based on 12 customer reviews.

  ICICI Direct Master Trust
  449 Customer Reviews    Rate ICICI Direct 12 Customer Reviews    Rate Master Trust
Fees 2.2 3.8
Brokerage 1.7 4.4
Trading Platform 3.3 4.0
Customer Service 2.7 3.9
Research Capabilities 2.9 4.0
Overall Ratings Rated 2.4 stars Rated 3.9 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 449 customer reviews Master Trust is rated 3.9 of 5 based on 12 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct 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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ICICI Direct Vs Master Trust Investment Options

  ICICI Direct 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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ICICI Direct Vs Master Trust Order Type Offered

  ICICI Direct 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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ICICI Direct Vs Master Trust Research Report

  ICICI Direct Master Trust
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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ICICI Direct Vs Master Trust Suitable For Investor Type

  ICICI Direct Master Trust
Casual Investor Yes
Active Investor
Trader Yes
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ICICI Direct Vs Master Trust - Pros and Cons

  ICICI Direct 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 (Intraday and F&O) in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 30 minutes of selling stocks

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