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ICICI Direct vs Mastertrust Capital – Compare Brokerage Charges, Demat Account & more

Last Updated Date - Oct 14, 2022

Here is a detailed comparison of ICICI Direct vs Mastertrust Capital. ICICI Direct is the largest banking broker which provides diverse products & services to its clients along with very strong support while Mastertrust Capital is a full service broker which provides great deal of offers to its customers. This comparison between ICICI Direct & Mastertrust Capital is a neck to neck affair.

Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for all the stock broking companies. This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.

ICICI Direct vs Mastertrust Capital

In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

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This ICICI Direct &  Mastertrust Capital comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s Compare  Mastertrust CapitalICICI Direct

Overview of ICICI Direct & Mastertrust

Overview ICICI Direct Mastertrust
Company Type Public Private
Broker Type Full Service Broker Full Service Broker
Headquarters Mumbai, India Mumbai, Maharashtra
Founder Vjay Chandok Harjeet Singh Arora & R.K.Singhania
Established Year 1994 1994

ICICI Direct vs Mastertrust Customer Ratings Comparison

Customer Ratings ICICI Direct Mastertrust
Experience 8.8 / 10 6.0/10
Products & Services 8.4 / 10 6.1/10
Brokerage Charges & Fees 8.5 / 10 6.5/10
Stock Research & Advisory 7.9 / 10 5.8/10
Trading Platforms 8.6 / 10 6.6/10
Overall Ratings 8.44 / 10 6.2/10
Star Ratings ★★★★☆ ★★★☆☆
Total Client Reviews 4026 249

ICICI Direct vs Mastertrust Demat Account Comparison

Demat Services ICICI Direct Mastertrust
Depository Source NSDL & CDSL CDSL & NSDL
Account Opening Charges Zero Rs 100
Demat AMC Charges Rs 300 (from 2nd year) Rs. 300 per annum
Trading AMC Charges Rs 0 (Free) Free
Margin Money 75% Margin 75% Margin
Offline to Online S R

Mastertrust vs ICICI Direct Brokerage Charges Comparison

Brokerage Charge & Fees ICICI Direct Mastertrust
Equity Delivery Trading 0.55% Rs 0 (Free)
Equity Intraday Trading Rs 20 per order Rs 20 per executed order
Commodity Options Trading Rs 20 per order Rs 20 per executed order
Equity Futures Trading Rs 0 (Free) Rs 20 per executed order
Equity Options Trading Rs 20 per order Rs 20 per executed order
Currency Futures Trading Rs 20 per order Rs 20 per executed order
Currency Options Trading Rs 20 per order Rs 20 per executed order
Minimum Brokerage Rs.20 per Trade Rs.20 per executed order
Demat AMC Charges Rs.300 per Annum from 2nd year Rs.300 per Annum
Trading AMC Charges Zero Free
Margin Money 75% Margin 75% Margin
Brokerage Calculator ICICI Direct Brokerage Calculator MasterTrust Brokerage Calculator

Mastertrust & ICICI Direct Other Charges Comparison

Other Charges ICICI Direct Mastertrust
Transaction Charges 0.00280% of Total Turnover 0.00289% of Total Turnover
STT Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
SEBI Turnover Charges 0.00005% (Rs. 5/Crore) 0.00005% (Rs. 5/Crore)
Stamp Duty (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
GST 18% on (Brokerage + Transaction Charge + SEBI Fee) 18% on (Brokerage + Transaction Charge + SEBI Fee)

Compare Mastertrust & ICICI Direct Offers

Offers ICICI Direct Mastertrust
Free Demat Account R S
Free Trading Account S R
Discount on Brokerage S R
Trading Happy Hours R S
Flexible Brokerage Plans R R
1 Month Brokerage Free S S
Holiday Offers S R
Referral Offers R R
Zero Brokerage for Loss Making Trades R S

Compare Services of ICICI Direct vs Mastertrust

Services ICICI Direct Mastertrust
Demat Services R R
Trading Services R R
3 in 1 Account R S
Intraday Services R R
IPO Services R R
Stock Recommendations R R
Robo Advisory R S
PMS R S
Trading Institution R S
Trading Exposure Upto 5x Upto 5x

Compare Mastertrust & ICICI Direct Research & Advisory

Research & Advisory ICICI Direct Mastertrust
Fundamental Reports R R
Research Reports R R
Company Reports R S
Annual Reports R S
Company Stock Review R S
Free Stock Tips S R
IPO Reports R R
Top Picks S R
Daily Market Review R R
Monthly Reports R S
Weekly Reports R R
Offline Advisory R R
Relationship Manager R R

ICICI Direct vs Mastertrust Exposure/Leverage

Exposure / Leverage ICICI Direct Mastertrust
Equity Delivery 1x 1x
Equity Intraday Upto 5x Upto 5x
Equity Futures 1x 1x
Equity Options 1x 1x
Currency Futures 1x 1x
Currency Options 1x 1x
Commodities 1x 1x
Margin Calculator ICICI Direct Margin Calculator Mastertrust Margin Calculator

ICICI Direct vs Mastertrust Product Comparison

Products ICICI Direct Mastertrust
Equity Trading R R
Commodity Trading S R
Currency Trading R R
Options R R
Futures R R
Mutual Funds R S
Forex R S
Banking R S
SIP R S
Insurance R S

ICICI Direct vs Mastertrust Trading Platform Comparison

Trading Platforms ICICI Direct Mastertrust
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform R R
Mobile Site Platform R S
Android App Platform R R
iOS App Platform R R
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R S
News Flash R R
Research Reports R S
Easy Installation R R
Global Indices R R
Stock Tips R R
Personalized Advisory R S
Interactive Charts R R
Live Markets R R
SMS Alerts R R
Email Alerts R R
Multi Account Management R S

ICICI Direct vs Mastertrust Customer Support

Customer Support ICICI Direct Mastertrust
Dedicated Dealer R R
Offline Trading S R
Online Trading R R
24*7 Support S S
Email Support R R
Chat Support S S
Toll Free Number S S
Branches 226 35

ICICI Direct vs Mastertrust Customer Complaints

Complaints (Current Year) ICICI Direct Mastertrust
Lodged in BSE 225 56
Resolved in BSE 215 53
Lodged in NSE 196 112
Resolved in NSE 182 105

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