TradeSmart Vs Master Trust (Compare TradeSmart and Master Trust)

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


TradeSmart
TradeSmart is a Mumbai based broker offering discount brokerage services in stock, commodity and currency trading segments. TradeSmart is part of VNS Finance & Capital Services Ltd; a traditional brokerage company which was incorporated in 1994 to offer brokerage service to Indian Stock, Commodity & Currency market investors and trades through franchisee and sub brokers. TradeSmart offers trading in NSE Cash, NSE F&O, NSE Currency derivatives, BSE Cash, MCX Commodities and depository service of... Know more about VNS Finance & Capital Services 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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TradeSmart Vs Master Trust

Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India. Incorporated in , Master Trust is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

  TradeSmart Master Trust
Type of Broker Discount Broker Discount Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX
Account Type Power Plan (₹15/Order) 20:20 Plan
Year of Incorporation 1994
Number of Branches 1
Broker Enquiry Open an Online Trading Account with TradeSmart. 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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TradeSmart Vs Master Trust Charges & AMC

TradeSmart trading account opening charges is ₹200 while Master Trust account opening changes is ₹100. TradeSmart Demat Account AMC Charges is ₹300 and Master Trust Demat Account AMC Charges is ₹300.

  TradeSmart Master Trust
Trading Account Opening Charges ₹200 ₹100
Trading Account AMC Charges ₹0 Nil
Demat Account Opening Charges ₹200 Nil
Demat Account AMC Charges ₹300 ₹300
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TradeSmart Vs Master Trust Brokerage Charges & Plans

TradeSmart Vs Master Trust Brokerage

TradeSmart brokerage charges for equity is ₹15 per executed order and intraday is ₹15 per executed order whereas Master Trust brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order.

  TradeSmart Master Trust
Account Type Power Plan (₹15/Order) 20:20 Plan
Fixed Charges
Equity Delivery Brokerage ₹15 per executed order ₹0 (Free)
Equity Intraday Brokerage ₹15 per executed order ₹20 per executed order
Equity Futures Brokerage ₹15 per executed order ₹20 per executed order
Equity Options Brokerage ₹15 per executed order ₹20 per executed order
Currency Futures Trading Brokerage ₹15 per executed order ₹20 per executed order
Currency Options Trading Brokerage ₹15 per executed order ₹20 per executed order
Commodity Futures Trading Brokerage ₹15 per executed order ₹20 per executed order
Commodity Options Trading Brokerage ₹15 per executed order ₹20 per executed order
Special Offer
Special Offer: FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer

TradeSmart Vs Master Trust Brokerage Plan 2

  TradeSmart Master Trust
Account Type Value Plan Standard Plan
Fixed Charges
Equity Delivery Brokerage 0.007% 0.30%
Equity Intraday Brokerage 0.007% 0.03%
Equity Futures Brokerage 0.007% 0.03%
Equity Options Brokerage ₹7 Per Lot ₹75 per lot
Currency Futures Trading Brokerage 0.007% 0.03%
Currency Options Trading Brokerage ₹7 Per Lot ₹10 per lot
Commodity Futures Trading Brokerage 0.007% 0.30%
Commodity Options Trading Brokerage ₹7 Per Lot ₹75 per lot
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TradeSmart Vs Master Trust Brokerage Plan 3

  TradeSmart Master Trust
Account Type Power Plan (₹15/Order) My Plan
Fixed Charges Annual brokerage of ₹1000
Equity Delivery Brokerage ₹15 per executed order 25% off on existing brokerage plan
Equity Intraday Brokerage ₹15 per executed order 25% off on existing brokerage plan
Equity Futures Brokerage ₹15 per executed order 25% off on existing brokerage plan
Equity Options Brokerage ₹15 per executed order 25% off on existing brokerage plan
Currency Futures Trading Brokerage ₹15 per executed order 25% off on existing brokerage plan
Currency Options Trading Brokerage ₹15 per executed order 25% off on existing brokerage plan
Commodity Futures Trading Brokerage ₹15 per executed order 25% off on existing brokerage plan
Commodity Options Trading Brokerage ₹15 per executed order 25% off on existing brokerage plan
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TradeSmart Charges Vs Master Trust

Minimum Brokerage Charges ₹15 per executed order ₹0
Other Brokerage Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at ₹20 per executed order
Call & Trade Charges ₹20 per executed order ₹20 per executed order
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TradeSmart Vs Master Trust Transaction Charges

TradeSmart transaction charges for options is 0.0715% while Master Trust exchange transaction charges for options is NSE ₹6000 | BSE ₹3500.

  TradeSmart Master Trust
Equity Delivery 0.0035% NSE ₹325 | BSE ₹325
Equity Intraday 0.0035% NSE ₹325 | BSE ₹325
Equity Futures 0.0024% NSE ₹300 | BSE ₹150
Equity Options 0.0715% NSE ₹6000 | BSE ₹3500
Currency Futures 0.00165% NSE ₹120 | BSE ₹100
Currency Options 0.06% NSE ₹4200 | BSE ₹1000
Commodity 0.0039% MCX ₹250
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TradeSmart Vs Master Trust Leverage (Margin)

TradeSmart provides the margin of 30x trading margin for intraday trades whereas the Master Trust margin for intraday cash is Upto 16x.

  TradeSmart Master Trust
Equity Delivery 1x (no margin) 1x for fixed brokerage plan; Upto 4.5x for standard plan
Equity Intraday 30x trading margin Upto 16x
Equity Futures MIS: 3X | BO: 7X | CO: 7X 6x
Equity Options MIS: 3X | BO: 7X | CO: 7X
Currency Futures MIS: 3X | BO: 3X | CO: 3X 6x
Currency Options MIS: 3X | BO: NA | CO: NA
Commodity Futures MIS: 2X | BO: 6X | CO: 6X
Commodity Options MIS: NA | BO: NA | CO: NA
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Compare TradeSmart and Master Trust Features

The trading platforms offered TradeSmart include NEST, NOW, Spin. Master Trust offers OMNESYS NEST trading software.

  TradeSmart Master Trust
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No No
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform NEST, NOW, Spin OMNESYS NEST
Intraday Square-off Time Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing
Other Features
Referral Program Yes
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TradeSmart Vs Master Trust Review

TradeSmart is rated 4.0 of 5 based on 64 customer reviews whereas Master Trust is rated 3.9 of 5 based on 12 customer reviews.

  TradeSmart Master Trust
  64 Customer Reviews    Rate TradeSmart 12 Customer Reviews    Rate Master Trust
Fees 3.8 3.8
Trading Brokerage 4.4 4.4
Trading Platform Usability 3.7 4.0
Customer Service 4.0 3.9
Research Capabilities 3.0 4.0
Overall Ratings Rated 4.0 stars Rated 3.9 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 64 customer reviews Master Trust is rated 3.9 of 5 based on 12 customer reviews
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Contact Broker / Request A Call Back

  TradeSmart Enquire Master Trust Enquire
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FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer

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TradeSmart Vs Master Trust Investment Options

  TradeSmart Master Trust
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt No Yes
Other Investment Options Mutual Funds
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TradeSmart Vs Master Trust Order Type Offered

  TradeSmart Master Trust
Bracket Order Yes
Cover Order Yes
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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TradeSmart Vs Master Trust Research Report

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

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

  TradeSmart Master Trust
Pros
  • EquiMax funding offers up to 4x times exposure in equity delivery. This facility could be enabled with an annual subscription fee of ₹1000.
  • Unlike most of the discount brokers; TradeSmart offers 2 unique brokerage plans designed in such a way that it suits every trading strategy. Switching between these plans is made very easy which offers great flexibility.
  • TSO offers to invest in Mutual Funds, Bonds and Offer For Sale (OFS). These financial instruments are not available with most discount brokers including other popular discount brokers like Zerodha and RKSV.
  • Excellent referral benefits are available. The customer receives 10% credit of the brokerage generated by the clients referred by them.
  • No minimum amount is needed to open or maintain a trading account with TSO.
  • Customer service is available through live chat on its website. This is very convenient for many customers.
  • TradeSmart is in the stock broking industry since 1994.
  • TSO's online knowledgebase has a lot of information which is helpful for most customers.
  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
  • Call and Trade is charged at extra ₹20 per executed order.
  • Physical contract notes ₹20 per contract note + courier charges
  • Intraday positions (MIS, CO & BO) squared off by RMS team is charged at ₹20.
  • 24/7 customer service is not available.
  • Facility to invest in IPO's is not available.
  • Doesn't provide daily market report, free tips, news alerts and technical analysis.
  • 3-in-1 accounts are not available as company doesn't provide banking services.
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Promo / Offers

Limited Time Offer - Free Account Opening (₹400 waived)

Open TradeSmart Trading Account and get Free Trading, Demat and Mutual Fund Account + Trade at flat ₹15 per order.

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