Master Trust Vs iTradeOnline (Compare Master Trust and iTradeOnline)

Master Trust Vs iTradeOnline

Incorporated in , Master Trust is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India. Incorporated in , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

	Master Trust	iTradeOnline
Type of Broker	Discount Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX
Year of Incorporation
Number of Branches
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Master Trust Vs iTradeOnline Charges & AMC

Master Trust trading account opening charges is Rs 100 while iTradeOnline account opening changes is Rs 0 (Free). Master Trust Demat Account AMC Charges is Rs 300 and iTradeOnline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0.

	Master Trust	iTradeOnline
Trading Account Opening Charges	Rs 100	Rs 0 (Free)
Trading Account AMC Charges	Nil	Rs 0 (Free)
Demat Account Opening Charges	Nil	Regular: Rs 0, Lifetime Free AMC: Rs 1000
Demat Account AMC Charges	Rs 300	Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0

Master Trust Vs iTradeOnline Brokerage

Master Trust brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order whereas iTradeOnline brokerage charges for equity is Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% whichever is lower.

	Master Trust	iTradeOnline
Account Type	20:20 Plan	Pay Per Trade
Fixed Charges		Rs 0
Equity Delivery	Rs 0 (Free)	Rs 20 per executed order or .01% whichever is lower
Equity Intraday	Rs 20 per executed order	Rs 20 per executed order or .01% whichever is lower
Equity Futures	Rs 20 per executed order	Rs 20 per executed order or .01% whichever is lower
Equity Options	Rs 20 per executed order	Rs 20 per executed order or .01% whichever is lower
Currency Futures	Rs 20 per executed order	Rs 20 per executed order or .01% whichever is lower
Currency Options	Rs 20 per executed order	Rs 20 per executed order or .01% whichever is lower
Commodity Futures	Rs 20 per executed order	Rs 20 per executed order or .01% whichever is lower
Commodity Options	Rs 20 per executed order
Special Offer		Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

Master Trust Vs iTradeOnline Brokerage Plan 2

	Master Trust	iTradeOnline
Account Type	Standard Plan	Pay Per Trade
Fixed Charges		Rs 0
Equity Delivery	0.30%	Rs 20 per executed order or .01% whichever is lower
Equity Intraday	0.03%	Rs 20 per executed order or .01% whichever is lower
Equity Futures	0.03%	Rs 20 per executed order or .01% whichever is lower
Equity Options	Rs 75 per lot	Rs 20 per executed order or .01% whichever is lower
Currency Futures	0.03%	Rs 20 per executed order or .01% whichever is lower
Currency Options	Rs 10 per lot	Rs 20 per executed order or .01% whichever is lower
Commodity Futures	0.30%	Rs 20 per executed order or .01% whichever is lower
Commodity Options	Rs 75 per lot
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Master Trust Vs iTradeOnline Brokerage Plan 3

	Master Trust	iTradeOnline
Account Type	My Plan	Pay Per Trade
Fixed Charges	Annual brokerage of Rs 1000	Rs 0
Equity Delivery	25% off on existing brokerage plan	Rs 20 per executed order or .01% whichever is lower
Equity Intraday	25% off on existing brokerage plan	Rs 20 per executed order or .01% whichever is lower
Equity Futures	25% off on existing brokerage plan	Rs 20 per executed order or .01% whichever is lower
Equity Options	25% off on existing brokerage plan	Rs 20 per executed order or .01% whichever is lower
Currency Futures	25% off on existing brokerage plan	Rs 20 per executed order or .01% whichever is lower
Currency Options	25% off on existing brokerage plan	Rs 20 per executed order or .01% whichever is lower
Commodity Futures	25% off on existing brokerage plan	Rs 20 per executed order or .01% whichever is lower
Commodity Options	25% off on existing brokerage plan
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Master Trust Charges Vs iTradeOnline

Minimum Brokerage	Rs 0	Rs 0 (No Minimum Brokerage)
Other Charges		Physical contact notes: Rs 20
Call & Trade Charges	Rs 20 per executed order	Rs 0 (Free)

Master Trust Vs iTradeOnline Transaction Charges

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

	Master Trust	iTradeOnline
Equity Delivery	NSE Rs 325 | BSE Rs 325	NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Intraday	NSE Rs 325 | BSE Rs 325	NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Futures	NSE Rs 300 | BSE Rs 150	NSE Rs 190 per crore (0.0019%)
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/cr (0.0009%) | BSE Rs 18/cr (0.00018%)
Currency Options	NSE Rs 4200 | BSE Rs 1000	NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500
Commodity	MCX Rs 250	MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%)
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Master Trust Vs iTradeOnline Leverage (Margin)

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

	Master Trust	iTradeOnline
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 Master Trust and iTradeOnline Features

The trading platforms offered Master Trust include OMNESYS NEST. iTradeOnline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

	Master Trust	iTradeOnline
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	OMNESYS NEST	Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time		Equity: 3:15 PM, Commodity: 11:15 PM
Other Features
Referral Program
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Master Trust Vs iTradeOnline Review

Master Trust is rated 3.9 of 5 based on 12 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

	Master Trust	iTradeOnline
	12 Customer Reviews	7 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Master Trust is rated 3.9 of 5 based on 12 customer reviews	iTradeOnline is rated 4.0 of 5 based on 7 customer reviews

Master Trust Vs iTradeOnline Investment Options

	Master Trust	iTradeOnline
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Mutual Funds	Insurance, Wealth Management

Master Trust Vs iTradeOnline Order Type Offered

	Master Trust	iTradeOnline
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Master Trust Vs iTradeOnline Research Report

	Master Trust	iTradeOnline
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Master Trust Vs iTradeOnline Suitable For Investor Type

	Master Trust	iTradeOnline
Casual Investor
Active Investor
Trader

Master Trust Vs iTradeOnline - Pros and Cons

	Master Trust	iTradeOnline
Pros	Monthly unlimited trading plans available for trading at NSE, BSE and MCX. Funds transfer facility with 45 major banks available. MyValueTrade gives Intraday up to 33 times exposure No minimum brokerage. No need to login in different platforms for different segment. No more need to transfer deposits in one exchange to another for trading. 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.	Paperless account opening is available with eKYC and Aadhar integration All trading softwares including trading terminal are available for free. Uses trading platform of Omnesys which is industry leading trading software provider. Margin Against Share is available Research based fundamental and technical analysis available to all the customers. Short selling is available in NSE Cash segment only. After Hours Orders and Good Till Cancelled (GTC) orders are available. SMS Trade Alerts are available for free to all customers. Call & Trade is free for all customers.
Cons		Separate account needed for Mutual Funds investment. For iTradeOnline customers, the customer service is not available through 400+ Trustline branches. Doesn't offer bracket orders. Online IPO, NCD, Corporate Bond investment is not available. Trading API's are now available. Opening demat account along with the trading account is mandatory. No extra charge for intraday or expiry positions closed by the broker.
Reviews
Promo / Offers		Lifetime FREE AMC Demat Account - 50% Off Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening. This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.
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