Master Trust Stock Trading, Demat, Brokerage and Reviews 2020


-0.35% 39,880 Clients

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 few nice features which make it different from other discount brokers. Some of them are:

  • Single trading and back-office software for all segments including Equity, Currency and Commodity. Also, they have a single login for trading and back-office software, which is very convenient.
  • They offer flexible balance feature wherein the balance across different segments i.e. equity, commodity, derivatives and currency can be used as one single balance.
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Account Types

Master Trust offers 2 different plans to suite your trading needs :

  1. Per Order Executed

    This trading plan offers trading at flat ₹20 per trade irrespective to the size of the trade. The brokerage is charged as ₹20 per executed order. It doesn't charge brokerage for equity delivery. Trading is available at BSE, NSE and MCX stock exchanges in equity, commodities and currency derivative segments.

  2. Standard Brokerage

    This trading plan charges a percentage based brokerage. The brokerage depends on the size of the trade and investment segment as well. It charges 0.30% for equity delivery, 0.03% for equity intraday, equity futures, and currency futures. Equity and commodity options are charged at ₹75 per lot. Whereas, currency options are charged at ₹10 per lot.

Master Trust also offers 'My Plan' for active investors and traders with other brokers. They will get 25% off on their existing plan with the other brokers.


How to open account with Master Capital Services Ltd?


Master Trust Trading Software

A client can trade with Master Trust in following ways:

1. Master Swift 2.0- Installable Trading Platform

It's an online trading platform offered by mastertrust. This application provides advance charting, pattern recognition and back testing features. It's a desktop trading software which offers a host of online trading tools and functions for share traders.

2. MasterMobile- Mobile Trading App

MasterMobile is a mobile trading app offered by Mater Trust which allows user to trade and track equities and derivatives on-the-go. This app offers seamless movement across all the available trading sections.

3. MasterWeb- Website Trading Platform

MasterWeb is mastertrust's online trading platform bundled with charting options, real-time quotes, portfolio tracking, news feed and research options.

 

Visit Master Trust Trading Software Review for more detail.

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Master Trust Pros and Cons


Master Trust Pros (Advantages)

The following are the advantages of Master Trust. You must read Master Trust advantages and disadvantages before opening an account with Master Trust. Master Trust pros and cons help you find if it suits your investment needs.

  1. Fixed and standard trading plans available for trading at NSE, BSE and MCX
  2. Funds transfer facility with 45 major banks available.
  3. Master Trust 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.

Master Trust Cons (Disadvantages)

The following are the cons of Master Trust. Check the list of Master Trust drawbacks.

  • Master Trust doesn't offer 3-in-1 account.
  • Master Trust doesn't offer facility to invest in IPO, FPO, Mutual Funds, FDs, NCDs and Offer For Sale (OFS).

Master Capital Services Ltd Enquiry Form

Master Trust Margin / Exposure

Master Trust leverage for intraday, delivery, options, currency and commodities.

SegmentMargin
Equity Delivery1x for fixed brokerage plan; Upto 4.5x for standard plan
Equity IntradayUpto 16x
Equity Future6x
Equity Options
Currency Future6x
Currency Options
Commodity Future
Commodity Options

Visit Master Trust Margin Review for more detail.


Master Trust Ratings

Overall Rating Rated 3.7 stars 3.7/5
Fees Rated 3.5 stars 3.5/5
Brokerage Rated 4.3 stars 4.3/5
Usability Rated 3.8 stars 3.8/5
Customer Service Rated 3.7 stars 3.7/5
Research Capabilities Rated 4.0 stars 4.0/5

Based on 10 Votes by Master Trust Customers

Do you trade with Master Trust? Rate Master Trust


Master Trust Complaint

The number of Master Trust customer complaint received by the exchanges. The Master Trust consumer complaint report helps understanding the Master Capital Services Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints**
NSE 2020-21 39,880 2
NSE 2019-20 40,021 11
BSE 2019-20 12,239 2
NSE 2018-19 41,710 17
NSE 2017-18 45,757 24
BSE 2017-18 21,207 7
NSE 2016-17 34,623 32
BSE 2016-17 15,412 4
NSE 2015-16 32,003 19
BSE 2015-16 16,346 6

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit Master Trust Complaints at BSE, NSE and MCX for detail report.


  1. Contact Master Trust for trading & demat account.


5 Comments

Huyryd
5. Huyryd  Jun 10, 2020 16:15 I Like It. | I Don't Like It. | Report Abuse Reply
Like

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Average
Overall Experience - Average
ADITYA SHELKE
4. ADITYA SHELKE  Aug 8, 2017 00:42 I Like It. | I Don't Like It. | Report Abuse Reply
CAN I BUY / SELL THROUGH MY IPHONE.
Ajay Sharma
4.1. Ajay Sharma  Aug 18, 2018 13:34 I Like It. | I Don't Like It. | Report Abuse
Yes. You can execute your trades on Master mobile with ease.
PRITESH
3. PRITESH  Nov 30, 2017 07:36 I Like It. | I Don't Like It. | Report Abuse Reply
You can say MyValueTrade do not have back office software at all. You have to request for reports from their helpdesk & wait for them to respond.

The back office software they have only works on Internet Explorer. And just for your information Microsoft stopped support for Internet Explorer in Jan 2016, so IE is dead since then. If you have latest windows then you cannot access the back office software

Here is a reference:
https://www.microsoft.com/en-in/windowsforbusiness/end-of-ie-support
PRITESH
2. PRITESH  Jun 14, 2017 11:53 I Like It. | I Don't Like It. | Report Abuse Reply
I am an active intraday trader, and I trade with multiple brokers.

I recently opened an account with MVT, and so far the experience has been good.

Pros:
1. Good customer service so far
2. Brokerage works good with fixed monthly plan
3. NEST trader is a well known robust platform
4. Real-time funds updates

Cons:
1. They us back office software from LD which is just average. I have used it with other brokers as well. Biggest problem is it only supports Internet Explorer browser, and we all know that IE is removed from Windows 10 (Microsoft stopped support for IE)
2. They have enabled auto log off feature in NEST, which is supposed to log you off after 15 mins of inactivity. It''s very problematic if you are an active intraday trader.
suryakant
1. suryakant  Mar 13, 2016 20:43 I Like It. | I Don't Like It. | Report Abuse Reply
Does myvalue trade offer margin trading for delivery

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