Master Trust Vs Nirmal Bang (Compare Master Trust and Nirmal Bang)


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


Nirmal Bang
Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kishore Bang. Nirmal Bang offers trading services in equities, derivatives, commodities and currency. Stock trading is offered to retail clients through multiple channels including online trading in the BSE and the NSE. In addition to those services, the... Know more about Nirmal Bang Securities Pvt Ltd

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Master Trust Vs Nirmal Bang

Incorporated in , Master Trust is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India. Incorporated in 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 branches across India.

  Master Trust Nirmal Bang
Type of Broker Discount Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX, NMCE
Year of Incorporation 1986
Number of Branches 2000
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Master Trust Vs Nirmal Bang Charges & AMC

Master Trust trading account opening charges is Rs 100 while Nirmal Bang account opening changes is Rs 0. Master Trust Demat Account AMC Charges is Rs 300 and Nirmal Bang Demat Account AMC Charges is Rs 200.

  Master Trust Nirmal Bang
Trading Account Opening Charges Rs 100 Rs 0
Trading Account AMC Charges Nil Rs 0
Demat Account Opening Charges Nil Rs 0
Demat Account AMC Charges Rs 300 Rs 200
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Master Trust Vs Nirmal Bang Brokerage Charges & Plans

Master Trust Vs Nirmal Bang Brokerage

Master Trust brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.

  Master Trust Nirmal Bang
Account Type 20:20 Plan Basic Plan
Fixed Charges NA
Equity Delivery Rs 0 (Free) 0.2%
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 35
Currency Futures Rs 20 per executed order 0.02%
Currency Options Rs 20 per executed order Rs 20
Commodity Futures Rs 20 per executed order 0.01%
Commodity Options Rs 20 per executed order
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Master Trust Vs Nirmal Bang Brokerage Plan 2

  Master Trust Nirmal Bang
Account Type Standard Plan Basic Plan
Fixed Charges NA
Equity Delivery 0.30% 0.2%
Equity Intraday 0.03% 0.02%
Equity Futures 0.03% 0.02%
Equity Options Rs 75 per lot Rs 35
Currency Futures 0.03% 0.02%
Currency Options Rs 10 per lot Rs 20
Commodity Futures 0.30% 0.01%
Commodity Options Rs 75 per lot
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Master Trust Vs Nirmal Bang Brokerage Plan 3

  Master Trust Nirmal Bang
Account Type My Plan Basic Plan
Fixed Charges Annual brokerage of Rs 1000 NA
Equity Delivery 25% off on existing brokerage plan 0.2%
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 35
Currency Futures 25% off on existing brokerage plan 0.02%
Currency Options 25% off on existing brokerage plan Rs 20
Commodity Futures 25% off on existing brokerage plan 0.01%
Commodity Options 25% off on existing brokerage plan
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Master Trust Charges Vs Nirmal Bang

Minimum Brokerage Rs 0
Other Charges
Call & Trade Charges Rs 20 per executed order
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Master Trust Vs Nirmal Bang Transaction Charges

Master Trust transaction charges for options is NSE Rs 6000 | BSE Rs 3500 while Nirmal Bang exchange transaction charges for options is Rs 5700.

  Master Trust Nirmal Bang
Equity Delivery NSE Rs 325 | BSE Rs 325 Rs 390
Equity Intraday NSE Rs 325 | BSE Rs 325 Rs 390
Equity Futures NSE Rs 300 | BSE Rs 150 Rs 240
Equity Options NSE Rs 6000 | BSE Rs 3500 Rs 5700
Currency Futures NSE Rs 120 | BSE Rs 100 Rs 240
Currency Options NSE Rs 4200 | BSE Rs 1000 Rs 5700
Commodity MCX Rs 250 Rs 250
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Master Trust Vs Nirmal Bang 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 Nirmal Bang 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 Nirmal Bang
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 Nirmal Bang Features

The trading platforms offered Master Trust include OMNESYS NEST. Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.

  Master Trust Nirmal Bang
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 Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time 3:15
Other Features
Referral Program
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Master Trust Vs Nirmal Bang Review

Master Trust is rated 3.9 of 5 based on 12 customer reviews whereas Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews.

  Master Trust Nirmal Bang
  12 Customer Reviews    Rate Master Trust 19 Customer Reviews    Rate Nirmal Bang
Fees 3.8 3.6
Brokerage 4.4 3.5
Trading Platform 4.0 2.6
Customer Service 3.9 2.3
Research Capabilities 4.0 3.0
Overall Ratings Rated 3.9 stars Rated 2.6 stars
Broker Rating Master Trust is rated 3.9 of 5 based on 12 customer reviews Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews
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Contact Broker / Request A Call Back

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Master Trust Vs Nirmal Bang Investment Options

  Master Trust Nirmal Bang
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 Mutual Funds
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Master Trust Vs Nirmal Bang Order Type Offered

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

  Master Trust Nirmal Bang
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 Nirmal Bang Suitable For Investor Type

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

  Master Trust Nirmal Bang
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.
  1. Low bandwidth option for anywhere access
  2. Free research report subscription
  3. 24X7 access to back-office
  4. Instant Fund transfer
  5. Multiple market watch facility with streaming quotes (Live Market Rates*)
  6. Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis
Cons
  1. Nirmal Bang doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
  4. Instant Fund withdrawal is not available
  5. Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.
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