Master Trust Vs ICICI Direct
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
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 Vs ICICI Direct - Broker Details
| Master Trust | ICICI Direct | |
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| Single Margin Facility |
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| Year of Incorporation | 1985 | 1995 |
| Exchanges | BSE, NSE and MCX | BSE and NSE. |
| Branches | 989+ | 250+ |
| Brokerage | ₹20/ Order | Prime Plan: ₹900/- |
| Broker Type | Full service Broker | Full service Broker |
Master Trust Vs ICICI Direct - Account Opening & AMC Charges
| Master Trust | ICICI Direct | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹100/- | ₹0 (Free) |
| Demat Account AMC | ₹300 | ₹700 (From 2nd Year) | ₹300 for Neo Customers |
| Trading Account AMC | ₹0 | ₹0 (Free) |
Master Trust Vs ICICI Direct - Brokerage charges & Plans
| Master Trust | ICICI Direct | |
|---|---|---|
| Commodity Futures | ₹20/ Order or 0.30% | ₹20/ Order |
| Currency Futures | ₹20/ Order or 0.30% | ₹20/ Order |
| Equity Delivery | ₹0/- or 0.30% | ₹0.09% |
| Equity Options | ₹75/ Lot | ₹20/ Order |
| Commodity Options | ₹75/ Lot | ₹20/ Order |
| Equity Futures | ₹20/ Order or 0.30% | ₹20/ Order |
| Currency Options | ₹25/ Lot | ₹20/ Order |
| Fixed Charges | ₹20/ Order | ₹20/ Order |
| Equity Intraday | ₹20/Order or 0.03% | ₹20/ Order |
Master Trust Vs ICICI Direct - Other Charges
| Master Trust | ICICI Direct | |
|---|---|---|
| RMS Square Off Charge | N/A | ₹50/ Order |
| API Charges | APIs are available free of cost. | ₹0 (Free) |
| Call & Trade Charges | N/A | ₹50/ Order |
| Other Brokerage Charges | ₹20/Order or 0.03% | Prime Plan: ₹900/- |
| Minimum Brokerage | ₹20/ Order | ₹20/ Order |
Master Trust Vs ICICI Direct - Transaction Charges
| Master Trust | ICICI Direct | |
|---|---|---|
| Currency Options | NSE ₹4200 | BSE ₹1000 | Exchange turnover charge: 0.04% |Clearing charge: 0.025% |
| Equity Futures | NSE ₹300 | BSE ₹150 | NSE: 0.002% |
| Equity Intraday | NSE ₹325| BSE ₹325 | NSE: 0.00345% | BSE: 0.00345% |
| Equity Options | NSE ₹6000 | BSE ₹3500 | NSE: 0.053% |
| Commodity | MCX ₹250 | Non-Agri: Exchange turnover charge: 0.0026% |
| Currency Futures | NSE ₹120 | BSE ₹100 | Exchange turnover charge: 0.0009% | Clearing charge: 0.0004% |
| Equity Delivery | NSE ₹325| BSE ₹325 | 0.00345% trade on buy & sell |
Master Trust Vs ICICI Direct - Margin (Exposure)
| Master Trust | ICICI Direct | |
|---|---|---|
| Equity Options | 1x | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | Upto 16x CO/BO:- ( Upto 48x) | 5x (Up to 20% of trade value) |
| Currency Options | 2x | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | 2x | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 2x | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 20:20 Plan :- 1x | Standard Plan:- Upto 4.5x | My Plan:- Upto 4.5x | 1x (100% of trade value) |
| Currency Futures | 2x | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 2x | 1x (100% of NRML margin (Span + Exposure) |
Master Trust Vs ICICI Direct - Features
| Master Trust | ICICI Direct | |
|---|---|---|
| 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:- 3:15 PM | Currency: 4:30PM | Commodities: 11:20 PM | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | Master Swift 2.0, Master Trust Mobile App, Master Marts | 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App. |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Master Trust Vs ICICI Direct - Review & Rating
| Master Trust | ICICI Direct | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
Master Trust Vs ICICI Direct - Request a call back from Broker
| Master Trust | ICICI Direct | |
|---|---|---|
Master Trust Vs ICICI Direct - Investment Options
| Master Trust | ICICI Direct | |
|---|---|---|
| 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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Master Trust Vs ICICI Direct - Order Type
| Master Trust | ICICI Direct | |
|---|---|---|
| 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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Master Trust Vs ICICI Direct - Research & Report
| Master Trust | ICICI Direct | |
|---|---|---|
| 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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Master Trust Vs ICICI Direct - Daily Market Report
| Master Trust | ICICI Direct | |
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| Daily Market Reports & News |
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Master Trust Vs ICICI Direct - Suitable For Investor
| Master Trust | ICICI Direct | |
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| Casual Investor |
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| Active Investor |
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| Trader |
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Master Trust Vs ICICI Direct - Pros & Cons
| Master Trust | ICICI Direct | |
|---|---|---|
| Pros | 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. | 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. |
| Cons | 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. | 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. |
Master Trust Vs ICICI Direct - Background
| Master Trust | ICICI Direct | |
|---|---|---|
Master Trust Vs ICICI Direct - Compare All Brokers
| Master Trust | ICICI Direct | |
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Master Trust Vs ICICI Direct - STT/CTT
| Master Trust | ICICI Direct | |
|---|---|---|
| Commodity Futures | 0.01% on sell trade (Non-Agri) | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group |
| Equity Options | 0.05% only on sell | 0.05% on Sell Side(on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both Buy and Sell |
| Equity Futures | 0.01% only on sell | 0.01% on Sell Side |
| Commodity Options | 0.05% on sell trade | 0.05% on sell side |
Master Trust Vs ICICI Direct - Demat transaction charges
| Master Trust | ICICI Direct | |
|---|---|---|
| Equity Demat Transaction Charges | Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000) | |
Master Trust Vs ICICI Direct - GST
| Master Trust | ICICI Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
Master Trust Vs ICICI Direct - SEBI Charges
| Master Trust | ICICI Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Master Trust Vs ICICI Direct - Account Opening & AMC Charges
Master Trust
ICICI Direct
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹100/-
₹0 (Free)
Demat Account AMC
₹300
₹700 (From 2nd Year) | ₹300 for Neo Customers
Trading Account AMC
₹0
₹0 (Free)
Master Trust Vs ICICI Direct
| Master Trust | ICICI Direct | |
|---|---|---|
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. |
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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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 Vs ICICI Direct - Brokerage charges & Plans
| Master Trust | ICICI Direct | |
|---|---|---|
| Commodity Futures | ₹20/ Order or 0.30% | ₹20/ Order |
| Currency Futures | ₹20/ Order or 0.30% | ₹20/ Order |
| Equity Delivery | ₹0/- or 0.30% | ₹0.09% |
| Equity Options | ₹75/ Lot | ₹20/ Order |
| Commodity Options | ₹75/ Lot | ₹20/ Order |
| Equity Futures | ₹20/ Order or 0.30% | ₹20/ Order |
| Currency Options | ₹25/ Lot | ₹20/ Order |
| Fixed Charges | ₹20/ Order | ₹20/ Order |
| Equity Intraday | ₹20/Order or 0.03% | ₹20/ Order |
| Call Back Open Account |
Master Trust Vs ICICI Direct - Margin (Exposure)
| Master Trust | ICICI Direct | |
|---|---|---|
| Equity Options | 1x | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | Upto 16x CO/BO:- ( Upto 48x) | 5x (Up to 20% of trade value) |
| Currency Options | 2x | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | 2x | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 2x | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 20:20 Plan :- 1x | Standard Plan:- Upto 4.5x | My Plan:- Upto 4.5x | 1x (100% of trade value) |
| Currency Futures | 2x | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 2x | 1x (100% of NRML margin (Span + Exposure) |
Master Trust Vs ICICI Direct - Other Charges
| Master Trust | ICICI Direct | |
|---|---|---|
| RMS Square Off Charge | N/A | ₹50/ Order |
| API Charges | APIs are available free of cost. | ₹0 (Free) |
| Call & Trade Charges | N/A | ₹50/ Order |
| Other Brokerage Charges | ₹20/Order or 0.03% | Prime Plan: ₹900/- |
| Minimum Brokerage | ₹20/ Order | ₹20/ Order |
Master Trust Vs ICICI Direct - STT/CTT
| Master Trust | ICICI Direct | |
|---|---|---|
| Commodity Futures | 0.01% on sell trade (Non-Agri) | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group |
| Equity Options | 0.05% only on sell | 0.05% on Sell Side(on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both Buy and Sell |
| Equity Futures | 0.01% only on sell | 0.01% on Sell Side |
| Commodity Options | 0.05% on sell trade | 0.05% on sell side |
Master Trust Vs ICICI Direct - Demat transaction charges
| Master Trust | ICICI Direct | |
|---|---|---|
| Equity Demat Transaction Charges | Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000) | |
Master Trust Vs ICICI Direct - GST
| Master Trust | ICICI Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
Master Trust Vs ICICI Direct - SEBI Charges
| Master Trust | ICICI Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Master Trust Vs ICICI Direct - Features
| Master Trust | ICICI Direct | |
|---|---|---|
| Online Portfolio |
|
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| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
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| Intraday Square-off Time | Equity & F&O:- 3:15 PM | Currency: 4:30PM | Commodities: 11:20 PM | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | Master Swift 2.0, Master Trust Mobile App, Master Marts | 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App. |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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