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

The side-by-side comparison of ICICI Direct and Master Trust. Compare ICICI Direct Vs Master Trust brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best ICICI Direct vs Master Trust?


ICICI Direct
ICICI Direct is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group, India's top financial service provider offering banking and other financial services. ICICI Securities offers 'online trading and investment' services to over 20 lakhs customers through ICICI Direct (ICICIDirect.com). ICICIDirect.com is the flags... 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
Supported Exchnages BSE, NSE BSE, NSE, MCX
Account Type 3-in-1 Account (I-Secure Plan) 20:20 Plan
Year of Incorporation 2000
Number of Branches 154
Broker Enquiry Open an Online Trading Account with ICICI Direct. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Master Trust. Leave your contact info and we will get in touch with you.
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ICICI Direct Vs Master Trust Charges & AMC

ICICI Direct trading account opening charges is ₹0 while Master Trust account opening changes is ₹100. ICICI Direct Demat Account AMC Charges is ₹700 (from 2nd year) and Master Trust Demat Account AMC Charges is ₹300.

  ICICI Direct Master Trust
Trading Account Opening Charges ₹0 ₹100
Trading Account AMC Charges ₹0 Nil
Demat Account Opening Charges ₹0 Nil
Demat Account AMC Charges ₹700 (from 2nd year) ₹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 0.275% whereas Master Trust brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order.

  ICICI Direct Master Trust
Account Type 3-in-1 Account (I-Secure Plan) 20:20 Plan
Fixed Charges
Equity Delivery Brokerage 0.55% ₹0 (Free)
Equity Intraday Brokerage 0.275% ₹20 per executed order
Equity Futures Brokerage 0.05% to 0.03% ₹20 per executed order
Equity Options Brokerage ₹95 to ₹35 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.050% to 0.030% ₹20 per executed order
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹20 per executed order
Commodity Futures Trading Brokerage NA ₹20 per executed order
Commodity Options Trading Brokerage NA ₹20 per executed order
Special Offer
Special Offer: Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

ICICI Direct Vs Master Trust Brokerage Plan 2

  ICICI Direct Master Trust
Account Type I-Saver Plan Standard Plan
Fixed Charges
Equity Delivery Brokerage 0.75% to 0.25% 0.30%
Equity Intraday Brokerage 0.75% to 0.25% 0.03%
Equity Futures Brokerage 0.05% to 0.03% 0.03%
Equity Options Brokerage ₹95 to ₹65 per lot ₹75 per lot
Currency Futures Trading Brokerage 0.05% to 0.03% 0.03%
Currency Options Trading Brokerage 0.25 to ₹65 per lot ₹10 per lot
Commodity Futures Trading Brokerage NA 0.30%
Commodity Options Trading Brokerage NA ₹75 per lot
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ICICI Direct Vs Master Trust Brokerage Plan 3

  ICICI Direct Master Trust
Account Type ICICIdirect Prime Plan My Plan
Fixed Charges ₹900 Annual brokerage of ₹1000
Equity Delivery Brokerage 0.25% 25% off on existing brokerage plan
Equity Intraday Brokerage 0.25% 25% off on existing brokerage plan
Equity Futures Brokerage 0.025% 25% off on existing brokerage plan
Equity Options Brokerage ₹35 25% off on existing brokerage plan
Currency Futures Trading Brokerage ₹0 25% off on existing brokerage plan
Currency Options Trading Brokerage ₹0 25% off on existing brokerage plan
Commodity Futures Trading Brokerage NA 25% off on existing brokerage plan
Commodity Options Trading Brokerage NA 25% off on existing brokerage plan
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ICICI Direct Charges Vs Master Trust

Minimum Brokerage Charges ₹35 per trade ₹0
Other Brokerage Charges
Call & Trade Charges ₹25 per call after first 20 free calls per month ₹20 per executed order
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ICICI Direct Vs Master Trust Transaction Charges

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

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

ICICI Direct provides the margin of Upto 25x for intraday trades whereas the Master Trust margin for intraday cash is Upto 16x.

  ICICI Direct Master Trust
Equity Delivery 5x with Interest 1x for fixed brokerage plan; Upto 4.5x for standard plan
Equity Intraday Upto 25x Upto 16x
Equity Futures 4x 6x
Equity Options 2x for shorting
Currency Futures NA 6x
Currency Options NA
Commodity Futures NA
Commodity Options
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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 Available 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 428 customer reviews whereas Master Trust is rated 3.8 of 5 based on 11 customer reviews.

  ICICI Direct Master Trust
  428 Customer Reviews    Rate ICICI Direct 11 Customer Reviews    Rate Master Trust
Fees 2.3 3.6
Trading Brokerage 1.7 4.4
Trading Platform Usability 3.4 3.9
Customer Service 2.7 3.8
Research Capabilities 3.1 4.0
Overall Ratings Rated 2.4 stars Rated 3.8 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 428 customer reviews Master Trust is rated 3.8 of 5 based on 11 customer reviews
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Contact Broker / Request A Call Back

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Contact Broker

Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

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 No Yes
Currency Yes Yes
Initial Public Offers (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 broke₹in India.
  • Very high 'minimum brokerage' of ₹35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hou₹of trading.
  • Trading Terminal (Trade Racer) cost ₹75 per month if brokerage paid in a month is less then ₹750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra ₹25 per call after first 20 free calls in a month.
Reviews
Promo / Offers

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

Interested in opening a trading account? Request Callback from a stock broker.

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