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Master Trust Stock Trading, Demat, Brokerage and Reviews 2024


13.19% 59,711 Clients

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Account Types

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

  1. Per Order Executed

    This trading plan offers trading at flat Rs 20 per trade irrespective to the size of the trade. The brokerage is charged as Rs 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 Rs 75 per lot. Whereas, currency options are charged at Rs 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.

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


Master Trust Trading Software (Master Trust Trading Platforms)

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.

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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 Trust Margin Exposure

Master Trust margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Master Trust F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Master Trust F&O carry forward positions and equity delivery trades.

SegmentMarginLeverage
Equity Delivery100% of trade value for T+5 days1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure + Delivery margin)1x

Master Trust Ratings

Overall Rating Rated 3.1 stars 3.1/5
Fees Rated 3.4 stars 3.4/5
Brokerage Rated 3.6 stars 3.6/5
Usability Rated 3.4 stars 3.4/5
Customer Service Rated 3.2 stars 3.2/5
Research Capabilities Rated 2.4 stars 2.4/5

Based on 17 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 2023-24 59,711 19 0.03%
NSE 2022-23 52,754 30 0.06%
BSE 2022-23 12,447 4 0.03%
NSE 2021-22 53,867 21 0.04%
NSE 2020-21 48,645 26 0.05%
NSE 2019-20 40,021 11 0.03%
BSE 2019-20 12,239 2 0.02%
NSE 2018-19 41,710 17 0.04%
NSE 2017-18 45,757 24 0.05%
BSE 2017-18 21,207 7 0.03%

* 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.

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


15 Comments

15. Danish   I Like It. |Report Abuse|  Link|February 17, 2024 11:37:31 AMReply
Master Trust doesn't offer facility to invest in IPO, FPO, Mutual Funds, FDs, NCDs and Offer For Sale (OFS).

You are wrong. MasterTrust provide facility to invest in Mutual Funds, IPO. Please update your blog.
14. SHIVA SHANKAR REDDY   I Like It. |Report Abuse|  Link|November 26, 2023 2:52:22 AMReply
HEAVY CHEATING. ALREADY COMPLAINT FOR NSE WHICH IS OF NO USE,

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Above Average
Research Capabilities - Below Average
Customer Service - Average
Overall Experience - Very Poor
13. Soumik Das   I Like It. |Report Abuse|  Link|October 6, 2023 9:04:26 PMReply
Does not pay their employees. This company seems to have gone bankrupt.
12. Usufkhan   I Like It. |Report Abuse|  Link|June 6, 2023 7:25:59 PMReply
Dislike

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
11. Kamla Joshi   I Like It. |Report Abuse|  Link|February 28, 2022 9:52:12 PMReply
I have an account with them. Wanted to close it but even after one month they are still making excuses. A truly third rate brokerage house with very poor client service and dispute resolution. Highly unprofessional people who cant be trusted with your hard earned money.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
10. Ram   I Like It. |Report Abuse|  Link|December 22, 2021 8:24:16 AMReply
Irresponsible company, Good for Employees Worst for investors, they always blame to investor rather than taking responsibility its own. They are only custodian of stocks but never takes care of the investor investment.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
9. Ram   I Like It. |Report Abuse|  Link|December 15, 2021 2:27:25 PMReply
Irresponsible company towards investor

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Below Average
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Below Average
8. Dr. Neil Joseph   I Like It. |Report Abuse|  Link|December 29, 2020 2:23:23 PMReply
Very Good experience with the services

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
7. saras   I Like It. |Report Abuse|  Link|October 13, 2020 2:51:03 PMReply
They have very poor customer service. In my Demat account I am unable to perform payout. This problem i have highlighted several times but no solution. Very very bad experience with mastertrust. Would give them minus rating if possible.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
6. bharti rajput   I Like It. |Report Abuse|  Link|October 7, 2020 4:44:36 PMReply
IT'S GUD

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Above Average
Customer Service - Excellent
Overall Experience - Excellent
5. suryakant   I Like It. |Report Abuse|  Link|March 13, 2016 8:43:25 PMReply
Does myvalue trade offer margin trading for delivery
4. PRITESH   I Like It. |Report Abuse|  Link|November 30, 2017 7:36:27 AMReply
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
3. Huyryd   I Like It. |Report Abuse|  Link|June 10, 2020 4:15:23 PMReply
Like

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Average
Overall Experience - Average
2. ADITYA SHELKE   I Like It. |Report Abuse|  Link|August 8, 2017 12:42:51 AMReply
CAN I BUY / SELL THROUGH MY IPHONE.
2.1. Ajay Sharma   I Like It. |Report Abuse|  Link|August 18, 2018 1:34:19 PM
Yes. You can execute your trades on Master mobile with ease.
1. PRITESH   I Like It. |Report Abuse|  Link|June 14, 2017 11:53:35 AMReply
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.

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