Master Trust Vs iTradeOnline (Compare Master Trust and iTradeOnline)


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


iTradeOnline
iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of Rs 20 per executed order or 0.01% whichever is lower. The same low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available... Know more about iTradeOnline by Trustline

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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
Open an Online Trading Account with Master Trust.Open an Online Trading Account with iTradeOnline.
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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
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Master Trust Vs iTradeOnline Brokerage Charges & Plans

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)
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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 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)
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    Rate Master Trust 7 Customer Reviews    Rate iTradeOnline
Fees 3.8 3.9
Brokerage 4.4 4.1
Trading Platform 4.0 3.9
Customer Service 3.9 3.7
Research Capabilities 4.0 1.0
Overall Ratings Rated 3.9 stars Rated 4.0 stars
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
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Contact Broker / Request A Call Back

  Master Trust Enquire iTradeOnline Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback
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Master Trust Vs iTradeOnline Investment Options

  Master Trust iTradeOnline
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Mutual Funds Insurance, Wealth Management
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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 No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Master Trust Vs iTradeOnline Suitable For Investor Type

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

  Master Trust iTradeOnline
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.
  • 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.

Enquire Master TrustEnquire iTradeOnline

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