TradeSmart Vs Master Trust (Compare TradeSmart and 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
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX
Year of Incorporation 1994
Number of Branches 1
Open an Online Trading Account with TradeSmart.Open an Online Trading Account with Master Trust.
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TradeSmart Vs Master Trust Charges & AMC

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

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

TradeSmart Vs Master Trust Brokerage

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

  TradeSmart Master Trust
Account Type Power Plan 20:20 Plan
Fixed Charges NA
Equity Delivery Rs 15 per order Rs 0 (Free)
Equity Intraday Rs 15 per order Rs 20 per executed order
Equity Futures Rs 15 per order Rs 20 per executed order
Equity Options Rs 15 per order Rs 20 per executed order
Currency Futures Rs 15 per order Rs 20 per executed order
Currency Options Rs 15 per order Rs 20 per executed order
Commodity Futures Rs 15 per order Rs 20 per executed order
Commodity Options Rs 15 per order Rs 20 per executed order
Special Offer
Special Offer: Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.

TradeSmart Vs Master Trust Brokerage Plan 2

  TradeSmart Master Trust
Account Type Value Plan Standard Plan
Fixed Charges
Equity Delivery 0.07% 0.30%
Equity Intraday 0.007% 0.03%
Equity Futures 0.007% 0.03%
Equity Options Rs 7 Per Lot Rs 75 per lot
Currency Futures 0.007% 0.03%
Currency Options Rs 7 Per Lot Rs 10 per lot
Commodity Futures 0.007% 0.30%
Commodity Options Rs 7 Per Lot Rs 75 per lot
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TradeSmart Vs Master Trust Brokerage Plan 3

  TradeSmart Master Trust
Account Type Power Plan My Plan
Fixed Charges NA Annual brokerage of Rs 1000
Equity Delivery Rs 15 per order 25% off on existing brokerage plan
Equity Intraday Rs 15 per order 25% off on existing brokerage plan
Equity Futures Rs 15 per order 25% off on existing brokerage plan
Equity Options Rs 15 per order 25% off on existing brokerage plan
Currency Futures Rs 15 per order 25% off on existing brokerage plan
Currency Options Rs 15 per order 25% off on existing brokerage plan
Commodity Futures Rs 15 per order 25% off on existing brokerage plan
Commodity Options Rs 15 per order 25% off on existing brokerage plan
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TradeSmart Charges Vs Master Trust

Minimum Brokerage Rs 15 per executed order Rs 0
Other Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order
Call & Trade Charges Rs 20 per executed order Rs 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 Rs 6000 | BSE Rs 3500.

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

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

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

  TradeSmart Master Trust
  67 Customer Reviews    Rate TradeSmart 12 Customer Reviews    Rate Master Trust
Fees 3.8 3.8
Brokerage 4.4 4.4
Trading Platform 3.8 4.0
Customer Service 4.0 3.9
Research Capabilities 2.7 4.0
Overall Ratings Rated 4.0 stars Rated 3.9 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 67 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
Contact Broker Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today. Leave your contact information and we will get in touch with you....
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TradeSmart Vs Master Trust Investment Options

  TradeSmart Master Trust
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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
  • 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 Rs 20 per executed order.
  • Physical contract notes Rs 20 per contract note + courier charges
  • Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 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.
Reviews Useful Articles:
Promo / Offers

Flat Rs 15 per trade

  • Flat Rs 15 per trade across all segments +
  • Get Margin against your shares +
  • API for alog trading.

This is a limited-time offer. Open Instant TradeSmart Account online and start trading today.

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