ICICI Direct Vs Master Trust
ICICI Direct
ICICI Direct is a full service Broker. ICICI Direct gives an overall review and updates about Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Master Trust
Master Trust is a full service Broker. Master Trust Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages in 2024.
ICICI Direct Vs Master Trust - Broker Details
| ICICI Direct | Master Trust | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 1995 | 1985 |
| Exchanges | BSE and NSE. | BSE, NSE and MCX |
| Branches | 250+ | 989+ |
| Brokerage | Prime Plan: ₹900/- | ₹20/ Order |
| Broker Type | Full service Broker | Full service Broker |
| Call Back Open Account |
ICICI Direct Vs Master Trust - Account Opening & AMC Charges
| ICICI Direct | Master Trust | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹100/- |
| Demat Account AMC | ₹700 (From 2nd Year) | ₹300 for Neo Customers | ₹300 |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Call Back Open Account |
ICICI Direct Vs Master Trust - Brokerage charges & Plans
| ICICI Direct | Master Trust | |
|---|---|---|
| Commodity Futures | ₹20/ Order | ₹20/ Order or 0.30% |
| Currency Futures | ₹20/ Order | ₹20/ Order or 0.30% |
| Equity Delivery | ₹0.09% | ₹0/- or 0.30% |
| Equity Options | ₹20/ Order | ₹75/ Lot |
| Commodity Options | ₹20/ Order | ₹75/ Lot |
| Equity Futures | ₹20/ Order | ₹20/ Order or 0.30% |
| Currency Options | ₹20/ Order | ₹25/ Lot |
| Fixed Charges | ₹20/ Order | ₹20/ Order |
| Equity Intraday | ₹20/ Order | ₹20/Order or 0.03% |
| Call Back Open Account |
ICICI Direct Vs Master Trust - Other Charges
| ICICI Direct | Master Trust | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | N/A |
| API Charges | ₹0 (Free) | APIs are available free of cost. |
| Call & Trade Charges | ₹50/ Order | N/A |
| Other Brokerage Charges | Prime Plan: ₹900/- | ₹20/Order or 0.03% |
| Minimum Brokerage | ₹20/ Order | ₹20/ Order |
| Call Back Open Account |
ICICI Direct Vs Master Trust - Transaction Charges
| ICICI Direct | Master Trust | |
|---|---|---|
| Currency Options | Exchange turnover charge: 0.04% |Clearing charge: 0.025% | NSE ₹4200 | BSE ₹1000 |
| Equity Futures | NSE: 0.002% | NSE ₹300 | BSE ₹150 |
| Equity Intraday | NSE: 0.00345% | BSE: 0.00345% | NSE ₹325| BSE ₹325 |
| Equity Options | NSE: 0.053% | NSE ₹6000 | BSE ₹3500 |
| Commodity | Non-Agri: Exchange turnover charge: 0.0026% | MCX ₹250 |
| Currency Futures | Exchange turnover charge: 0.0009% | Clearing charge: 0.0004% | NSE ₹120 | BSE ₹100 |
| Equity Delivery | 0.00345% trade on buy & sell | NSE ₹325| BSE ₹325 |
| Call Back Open Account |
ICICI Direct Vs Master Trust - Margin (Exposure)
| ICICI Direct | Master Trust | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x |
| Equity Intraday | 5x (Up to 20% of trade value) | Upto 16x CO/BO:- ( Upto 48x) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 2x |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 2x |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 2x |
| Equity Delivery | 1x (100% of trade value) | 20:20 Plan :- 1x | Standard Plan:- Upto 4.5x | My Plan:- Upto 4.5x |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 2x |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 2x |
| Call Back Open Account |
ICICI Direct Vs Master Trust - Features
| ICICI Direct | Master Trust | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM | Equity & F&O:- 3:15 PM | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App. | Master Swift 2.0, Master Trust Mobile App, Master Marts |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |
ICICI Direct Vs Master Trust - Review & Rating
| ICICI Direct | Master Trust | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
ICICI Direct Vs Master Trust - Request a call back from Broker
| ICICI Direct | Master Trust | |
|---|---|---|
| Call Back Open Account |
ICICI Direct Vs Master Trust - Investment Options
| ICICI Direct | Master Trust | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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| Call Back Open Account |
ICICI Direct Vs Master Trust - Order Type
| ICICI Direct | Master Trust | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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| Call Back Open Account |
ICICI Direct Vs Master Trust - Research & Report
| ICICI Direct | Master Trust | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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| Call Back Open Account |
ICICI Direct Vs Master Trust - Daily Market Report
| ICICI Direct | Master Trust | |
|---|---|---|
| Daily Market Reports & News |
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| Call Back Open Account |
ICICI Direct Vs Master Trust - Suitable For Investor
| ICICI Direct | Master Trust | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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| Call Back Open Account |
ICICI Direct Vs Master Trust - Pros & Cons
| ICICI Direct | Master Trust | |
|---|---|---|
| Pros | 1. It facilitates its customers by providing an integrated three-in-one account. 2. ICICI direct manages the customer’s demat and bank accounts by transferring the money to the broker’s pool or toward deposits. 3. The investments can be made in online in IPOs, Mutual Funds, GOI Funds and the postal savings schemes all of it from one website. 4. It allows trading at both the national exchanges i.e. NSE and BSE. | 1. The broker has a very decent offline presence. 2. It has various multiple communication channels. 3. It provides a fantastic range of trading products. 4. It charges low brokerage from its customers. |
| Cons | 1. The brokerage of ICICI direct is high and not negotiable. 2. It does not offer commodity trading. 3. The minimum brokerage as the standard I-Secure plan is ₹20/Order that is high for the traders making small trades. 4. ICICI Direct provides ₹0.05 per share brokerage on the stocks quoting up to ₹10. It becomes difficult to trade in the penny stocks. 5. It charges ₹50 per call for the call and trader after first 20 free calls in a month. | 1. The broker avails its customer with very less exposure or leverage to its customers. 2. They offer a two-in-one account and not the three-in-one account like other brokers to its customers. |
| Call Back Open Account |
ICICI Direct Vs Master Trust - Background
| ICICI Direct | Master Trust | |
|---|---|---|
| Call Back Open Account |
ICICI Direct Vs Master Trust - Compare All Brokers
| ICICI Direct | Master Trust | |
|---|---|---|
| Call Back Open Account |
ICICI Direct Vs Master Trust - STT/CTT
| ICICI Direct | Master Trust | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% on sell trade (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group | 0.025% only on sell |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% only on sell |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both Buy and Sell | 0.1% on both buy & sell |
| Equity Futures | 0.01% on Sell Side | 0.01% only on sell |
| Commodity Options | 0.05% on sell side | 0.05% on sell trade |
| Call Back Open Account |
ICICI Direct Vs Master Trust - Demat transaction charges
| ICICI Direct | Master Trust | |
|---|---|---|
| Equity Demat Transaction Charges | Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000) | |
| Call Back Open Account |
ICICI Direct Vs Master Trust - GST
| ICICI Direct | Master Trust | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on (Brokerage + Transaction Charge) |
| Call Back Open Account |
ICICI Direct Vs Master Trust - SEBI Charges
| ICICI Direct | Master Trust | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
| Call Back Open Account |
ICICI Direct Vs Master Trust - Account Opening & AMC Charges
ICICI Direct
Master Trust
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹100/-
Demat Account AMC
₹700 (From 2nd Year) | ₹300 for Neo Customers
₹300
Trading Account AMC
₹0 (Free)
₹0
ICICI Direct Vs Master Trust
| ICICI Direct | Master Trust | |
|---|---|---|
ICICI Direct Review | Brokerage Charges, Account OpeningWith ICICIdirect, you can access retail trading and investment services from India's largest and most trusted stock broker, ICICI securities. It offers customers diverse online trading and investment services through its ICICIdirect platform.
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Master Trust Review | Brokerage Charges, Account OpeningMaster Trust is a discount brokerage firm that is a part of Master Trust Capital Services Ltd. This brokerage firm was incorporated in the year 1985. The Capital Services Limited is one of the leading financial firm company in India. |
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Master Trust
Master Trust is a full service Broker. Master Trust Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages in 2024.
ICICI Direct Vs Master Trust - Brokerage charges & Plans
| ICICI Direct | Master Trust | |
|---|---|---|
| Commodity Futures | ₹20/ Order | ₹20/ Order or 0.30% |
| Currency Futures | ₹20/ Order | ₹20/ Order or 0.30% |
| Equity Delivery | ₹0.09% | ₹0/- or 0.30% |
| Equity Options | ₹20/ Order | ₹75/ Lot |
| Commodity Options | ₹20/ Order | ₹75/ Lot |
| Equity Futures | ₹20/ Order | ₹20/ Order or 0.30% |
| Currency Options | ₹20/ Order | ₹25/ Lot |
| Fixed Charges | ₹20/ Order | ₹20/ Order |
| Equity Intraday | ₹20/ Order | ₹20/Order or 0.03% |
| Call Back Open Account |
ICICI Direct Vs Master Trust - Margin (Exposure)
| ICICI Direct | Master Trust | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x |
| Equity Intraday | 5x (Up to 20% of trade value) | Upto 16x CO/BO:- ( Upto 48x) |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | 2x |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | 2x |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | 2x |
| Equity Delivery | 1x (100% of trade value) | 20:20 Plan :- 1x | Standard Plan:- Upto 4.5x | My Plan:- Upto 4.5x |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | 2x |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 2x |
| Call Back Open Account |
ICICI Direct Vs Master Trust - Other Charges
| ICICI Direct | Master Trust | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | N/A |
| API Charges | ₹0 (Free) | APIs are available free of cost. |
| Call & Trade Charges | ₹50/ Order | N/A |
| Other Brokerage Charges | Prime Plan: ₹900/- | ₹20/Order or 0.03% |
| Minimum Brokerage | ₹20/ Order | ₹20/ Order |
| Call Back Open Account |
ICICI Direct Vs Master Trust - STT/CTT
| ICICI Direct | Master Trust | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.01% on sell trade (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group | 0.025% only on sell |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% only on sell |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both Buy and Sell | 0.1% on both buy & sell |
| Equity Futures | 0.01% on Sell Side | 0.01% only on sell |
| Commodity Options | 0.05% on sell side | 0.05% on sell trade |
| Call Back Open Account |
ICICI Direct Vs Master Trust - Demat transaction charges
| ICICI Direct | Master Trust | |
|---|---|---|
| Equity Demat Transaction Charges | Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000) | |
| Call Back Open Account |
ICICI Direct Vs Master Trust - GST
| ICICI Direct | Master Trust | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on (Brokerage + Transaction Charge) |
| Call Back Open Account |
ICICI Direct Vs Master Trust - SEBI Charges
| ICICI Direct | Master Trust | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
| Call Back Open Account |
ICICI Direct Vs Master Trust - Features
| ICICI Direct | Master Trust | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM | Equity & F&O:- 3:15 PM | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App. | Master Swift 2.0, Master Trust Mobile App, Master Marts |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |