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Master Trust Vs Choice Broking (Compare Master Trust and Choice Broking)


Master Capital Services Ltd Logo

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


Choice Equity Broking Private Limited Logo

Choice Broking
Incorporated in 2010, Choice Equity Broking Pvt. Ltd (commonly known as Choice Broking) is a Mumbai-based full-service stockbroking firm. Choice broking is a subsidiary of a publicly listed financial services firm named 'Choice International Limited' that was formed in 1993. Choice Broking offers online trading and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, wealth management, Portfolio management, Insuran... Know more about Choice Equity Broking Private Limited

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Master Trust Vs Choice Broking

Incorporated in , Master Trust is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India. Incorporated in 2010, Choice Broking is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, ICDEX. It has 50 branches across India.

  Master Trust Choice Broking
Type of Broker Discount Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX, ICDEX
Year of Incorporation 2010
Number of Branches 50
Open an Online Trading Account with Master Trust.Open an Online Trading Account with Choice Broking.
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Master Trust Vs Choice Broking Charges & AMC

Master Trust trading account opening charges is Rs 100 while Choice Broking account opening changes is Rs 0 (Free). Master Trust Demat Account AMC Charges is Rs 300 and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).

  Master Trust Choice Broking
Trading Account Opening Charges Rs 100 Rs 0 (Free)
Trading Account AMC Charges Nil Rs 0 (Free)
Demat Account Opening Charges Nil Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 200 or as per plan. (1st year AMC free)
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Master Trust Vs Choice Broking Brokerage Charges & Plans

Master Trust Vs Choice Broking Brokerage

Master Trust brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.

  Master Trust Choice Broking
Account Type 20:20 Plan Standard Plan
Fixed Charges
Equity Delivery Rs 0 (Free) 0.20%
Equity Intraday Rs 20 per executed order 0.02%
Equity Futures Rs 20 per executed order 0.02%
Equity Options Rs 20 per executed order Rs 25 per lot
Currency Futures Rs 20 per executed order 0.02%
Currency Options Rs 20 per executed order Rs 20 per lot
Commodity Futures Rs 20 per executed order 0.02%
Commodity Options Rs 20 per executed order Rs 50 per lot
Special Offer

Master Trust Vs Choice Broking Brokerage Plan 2

  Master Trust Choice Broking
Account Type Standard Plan Standard Plan
Fixed Charges
Equity Delivery 0.30% 0.20%
Equity Intraday 0.03% 0.02%
Equity Futures 0.03% 0.02%
Equity Options Rs 75 per lot Rs 25 per lot
Currency Futures 0.03% 0.02%
Currency Options Rs 10 per lot Rs 20 per lot
Commodity Futures 0.30% 0.02%
Commodity Options Rs 75 per lot Rs 50 per lot
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Master Trust Vs Choice Broking Brokerage Plan 3

  Master Trust Choice Broking
Account Type My Plan Standard Plan
Fixed Charges Annual brokerage of Rs 1000
Equity Delivery 25% off on existing brokerage plan 0.20%
Equity Intraday 25% off on existing brokerage plan 0.02%
Equity Futures 25% off on existing brokerage plan 0.02%
Equity Options 25% off on existing brokerage plan Rs 25 per lot
Currency Futures 25% off on existing brokerage plan 0.02%
Currency Options 25% off on existing brokerage plan Rs 20 per lot
Commodity Futures 25% off on existing brokerage plan 0.02%
Commodity Options 25% off on existing brokerage plan Rs 50 per lot
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Master Trust Charges Vs Choice Broking

Minimum Brokerage Rs 0
Other Charges
Call & Trade Charges Rs 20 per executed order Rs 0 (Free)
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Master Trust Vs Choice Broking Transaction Charges

Master Trust transaction charges for options is NSE Rs 6000 | BSE Rs 3500 while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  Master Trust Choice Broking
Equity Delivery NSE Rs 325 | BSE Rs 325 NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Intraday NSE Rs 325 | BSE Rs 325 NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade
Equity Futures NSE Rs 300 | BSE Rs 150 NSE Rs 240 per crore (0.0024%)
Equity Options NSE Rs 6000 | BSE Rs 3500 NSE Rs 5000 per crore (0.05%)
Currency Futures NSE Rs 120 | BSE Rs 100 NSE Rs 90 per crore (0.0009%)
Currency Options NSE Rs 4200 | BSE Rs 1000 NSE Rs 4000 per crore (0.04%)
Commodity MCX Rs 250 Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%)
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Master Trust Vs Choice Broking Leverage (Margin)

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

  Master Trust Choice Broking
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 Master Trust and Choice Broking Features

The trading platforms offered Master Trust include OMNESYS NEST. Choice Broking offers Jiffy trading software.

  Master Trust Choice Broking
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform OMNESYS NEST Jiffy
Intraday Square-off Time 3:15 PM
Other Features
Referral Program Yes
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Master Trust Vs Choice Broking Review

Master Trust is rated 3.9 of 5 based on 12 customer reviews whereas Choice Broking is rated 4.1 of 5 based on 7 customer reviews.

  Master Trust Choice Broking
  12 Customer Reviews    Rate Master Trust 7 Customer Reviews    Rate Choice Broking
Fees 3.8 4.4
Brokerage 4.4 4.1
Trading Platform 4.0 4.4
Customer Service 3.9 4.0
Research Capabilities 4.0 4.2
Overall Ratings Rated 3.9 stars Rated 4.1 stars
Broker Rating Master Trust is rated 3.9 of 5 based on 12 customer reviews Choice Broking is rated 4.1 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Master Trust Enquire Choice Broking Enquire
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Master Trust Vs Choice Broking Investment Options

  Master Trust Choice Broking
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes No
Other Investment Options Mutual Funds Portfolio Management Services, Insurance
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Master Trust Vs Choice Broking Order Type Offered

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

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

  Master Trust Choice Broking
Casual Investor Yes
Active Investor Yes
Trader Yes
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Master Trust Vs Choice Broking - Pros and Cons

  Master Trust Choice Broking
Pros
  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.
  • Zero Account opening fee.
  • Hassle free online Demat Account Opening.
  • Offers a wide range of investment products
  • Offers simple Trading Platforms to its customers.
  • Offers multiple AMC plan options with lifetime free AMC and refundable AMC options.
  • Free call and trade facility.
  • Provides Margin Trading Facility MTF Services.
  • Claim to have the most accurate and free research reports in the market with a 78% success ratio.
  • Offers online IPO application services.
Cons
  • Do not have Flexi brokerage plans.
  • Does not offer 3-in-1 account services.
  • Advanced order types like BO, CO, GTC not available.
  • Margin calculator not available.
Reviews

Choice Equity Broking Private Limited, commonly known as Choice Broking , is a Mumbai based full-service broker incorporated in 2010 offering online trading and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, Margin Trading Facility, wealth management, Portfolio management, Insurance, and Loan against share. The company offers 2-in-1 account opening services and has a depository membership with CDSL and NSDL and is a member of NSE, BSE, MCX, NCDEX, and ICEX. The company has a proprietary trading platform (Jiffy) available on the website, Android, and iOS.

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