MasterTrust Review, Brokerage Charges, Demat A/C, Platforms & more

Mastertrust Capital is one of the top financial services company in the country. They have been into the business for over two decades now and have been able to successfully manage relationship with over 150,000 clients building their portfolios and shaping their businesses.

In today’s article, we will do a deep dive into this financial conglomerate and try to see whether the various factors of its promise to the customers is really something they offer or is it just a hoax.

We will look into their Brokerage charges, the other transaction or administrative charges that they charge the customers, the various products and services that they boast of and the offers that they lure the customers with.

We would also analyze how effective are their trading portals and what value added services would you get using these portals.

Mastertrust Capital Offers


MasterTrust Customer Ratings & Review

MasterTrust Customer Ratings & Review


About MasterTrust

Overview
Company Type Private
Broker Type Full Service Broker
Headquarters Mumbai, Maharashtra
Founder Harjeet Singh Arora & R.K.Singhania
Established Year 1994

Mastertrust Capital was a conglomerate formed by the merger of two companies Master Capital Services Ltd and Arora Financial Consultants Ltd in the year 1994 in Mumbai, Maharashtra.

It acquired membership of NSE in 1994 and thereafter year on year it got into the membership of various exchanges and Depository service providers like NSDL & CSDL.

The company truly lives its motto “Master Minds Trusted Hands” by virtue of managing customer expectations with utmost sincerity and dedication.

Getting associated with Mastertrust Capital will open avenues for you to trade in both NSE & BSE for Equity trade, NCDEX & MCX for Commodities trading and MCX-SX & NSE for Currency Derivatives as well.

Moreover, Mastertrust Capital also provides services under the Mutual Fund and Insurance domains as well. In a nutshell, this company is a one stop destination for all your financial requirements from Trading to Mutual Funds, from SIP to Insurance.

Apart from this, the company is known for its customer centric approach and its extensive Research team who works round the clock to provide accurate information to traders and investors.


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MasterTrust Brokerage Charges 

Brokerage Charge & Fees
Equity Delivery Trading 0.10%
Equity Intraday Trading 0.01%
Commodity Options Trading 0.01%
Equity Futures Trading 0.01%
Equity Options Trading Rs.10 per Lot
Currency Futures Trading 0.01%
Currency Options Trading Rs.5 per Lot
Minimum Brokerage Rs.20 per executed order
Demat AMC Charges Rs.300 per Annum
Trading AMC Charges Free
Margin Money Minimum Rs.10,000
Brokerage Calculator

As an investor or a trader, you are entitled to know the exact charges and fees you would be charged when you are getting into a trading assignment with any Broking house.

Hence this table has been positioned herein to give you a clear picture of what you are getting into incase you associate yourself with Mastertrust Capital.

If you compare the brokerage charges of Mastertrust Capital with other players of the industry, its rates are much better than the other competitors.

For Equity Delivery Trading, they charge a brokerage of 0.10% of the total transaction amount; for Equity Intraday, for Commodity Options, for Equity Futures and for Currency Futures as well, they have a standard charge of 0.01% brokerage which means if you trade worth a Lac of Rupees, the maximum brokerage you would end up paying for that trade is Rs. 10/-.

Even for their Options trading like Equity options & Currency Options, they charge only Rs. 10 per lot and Rs. 5 per lot respectively; moreover this lot could be of any amount and size.

The company demands a minimum security deposit amount of Rs. 10,000/- as a Margin Money.


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MasterTrust Charges

Other Charges
Transaction Charges 0.00289% of Total Turnover
STT 0.0126% of Total Turnover
SEBI Turnover Charges 0.0002% of Total Turnover
Stamp Duty Depends on State (very minimal)
GST 18% of (Brokerage + Transaction Charges)

Every Broking house would add some other charges apart from the brokerage amount to every trading transaction as a part of the administrative or legislative charges. Some of these charges are a mandate which are been levied by the central government or the SEBI as well.

In this case, Mastertrust Capital charges 0.00289% of the value of the Total turnover as Transaction charges. It charges 0.0126% of the value of the total Turnover amount as Securities Transactions Tax and a nominal 0.0002% of the Total Turnover value as the SEBI Turnover charges.

Apart from these charges, there is the GST (Goods & Sales Tax) which is a standard 18% of the sum of the brokerage amount and the Transaction charge and it also charges a Stamp Duty which is again very nominal amount and depends on state to state.

While all these charges look like a mammoth addition to your pocket, when you actually calculate all these in your trade cost, they compute a very nominal charge; hence you may be rest assured that this company is not charging anything extra or unnecessary from you as a trader.


MasterTrust Demat Account Opening Fees

Demat Services
Depository Source CDSL & NSDL
Account Opening Charges Rs.555
Demat AMC Charges Rs.300 per Annum
Trading AMC Charges Free
Margin Money Minimum 10,000
Offline to Online Yes

Mastertrust Capital is a trusted Depository partner with both NSDL & CDSL, hence it is authorized to provide trading services as well as share holding services. This company, over the last two decades, has been embracing traders and investors to join them and trade through them.

One can very easily get enrolled as a trader with them and get their trading career started. They have a one-time Account Opening charge of Rs. 555/- and they also charge an annual maintenance charge for the Demat of Rs. 300/- per year, whereas the Trading Account maintenance is absolutely free.

The minimum margin money required to get started as a trader with Mastertrust Capital is Rs. 10,000/-


MasterTrust Offers

Offers
Free Demat Account No
Free Trading Account Yes
Discount on Brokerage Yes
Trading Happy Hours No
Flexible Brokerage Plans Yes
1 Month Brokerage Free No
Holiday Offers Yes
Referral Offers Yes
Zero Brokerage for Loss Making Trades No

The above table illustrates the various offers that Mastertrust Capital launches time and again for its customers. They do come up with periodic offers like Holiday Offers and Referral Bonanza Offers so that the traders can take advantage from that.

Apart from that the trading account anyways come free of charge for them, they need to bare the AMC charges though. For regular traders and high value traders, they also have customized and flexible Brokerage plans so that they save on their brokerage fees.


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How to open Demat Account with MasterTrust?

With Mastertrust Capital you can open up types of account:

  • DP Account (Depository Participant)
  • Trading Cum DP Account.

This basically means that you can either choose to only open up your Demat Account with them or open up a Trading cum Demat Account wherein you can trade from instantly.

The Account Opening procedure is very simple and hassle free with Mastertrust Capital:

  1. You can download the account opening form through their official website or visit any of their branches to collect the Trading Account opening form.
  2. Ensure all the fields are filled accurately like Name, contact details, address and mobile number and email id etc.
  3. Ensure the spelling of your name is exactly as mentioned in your bank account as the Trading account will further be linked to your bank account only and if there is a spelling mismatch, then the payments would get stuck
  4. You also need to enter your bank account details very accurately. Details like account number, MICR Code and IFSC code etc needs to be very minutely entered.
  5. You need to then submit this duly filled form along with all your KYC documents at any of our nearby centers and within 48 hours the account will be opened.
  6. Once the account is opened, you will receive an account opening kit which would have all login credentials and details on how to login to the portal and get started.

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Why Open MasterTrust Trading Account?

A Trading Account and a Demat Account go hand-in-hand if one has to deal with shares and also wants to trade in them.

While Demat Account is just a depository tool for your shares, if you ever want to purchase new shares or even sell the existing ones, you will need to have a Trading Account for that.

However, if we look at in specific to Mastertrust Capital and deep dive as to why one should open up a Trading Account with them, then there are quite few reasons why one would make that choice:

  • You get an array of options for Trade with ranging from NSE, BSE, NCDEX and MCX as well
  • You get a customized brokerage plan, despite the fact that their general brokerage rates are also very competitive.
  • The Trading Account would enable you to trade online from anywhere by the click of a button
  • You would get access to unlimited research and analysis data which will help you build a strong portfolio in stocks

MasterTrust Products & Services

List of products & services provided to its clients

MasterTrust Products:

Products
Equity Trading Yes
Commodity Trading Yes
Currency Trading Yes
Options Yes
Futures Yes
Mutual Funds No
Forex No
Banking No
SIP No
Insurance No

Mastertrust Capital offers a plethora of products to its customers who then, get fixated with them for a lifetime without the need for exploring outside.

The above table illustrates very clearly that they offer Equity trading options, Commodity Trading facility, Currency trading and Options & Futures trading as well.

They are also a registered member of the AMFI for offering Mutual Fund solutions and they also deal with Insurance policies for investment purposes. With a company offering all these and much more, why would someone feel the need to hunt outside for options?

MasterTrust Services:

Services
Demat Services Yes
Trading Services Yes
3 in 1 Acount No
Intraday Services Yes
IPO Services Yes
Stock Recommendations Yes
Robo Advisory No
PMS No
Trading Institution No
Trading Exposure Upto 6X

Being a Full Service broker, Mastertrust Capital offers services like Trading & Demat Services, Intraday services and IPO services as well. Moreover, the online tool would also provide detailed Stock recommendations and market updates on a real-time basis.


MasterTrust Research, Advisory & Stock Tips

Research & Advisory
Fundamental Reports Yes
Research Reports Yes
Company Reports No
Annual Reports No
Company Stock Review No
Free Stock Tips Yes
IPO Reports Yes
Top Picks Yes
Daily Market Review Yes
Monthly Reports No
Weekly Reports Yes
Offline Advisory Yes
Relationship Manager Yes

Mastertrust Capital has  deployed robust research and analytics team whose core job is to cull out data of various segments of the industry, study their trends and provide recommendations to invest and when.

This team sends our regular reports to customers in the form of Weekly, Daily and Monthly reports. These reports are quite exhaustive and give you a complete understanding of the overall behavior of the industry.

They provide Fundamental report, research reports, IPO reports and various other reports like free stock tips, Top picks etc.


MasterTrust Exposure or Leverage

Exposure / Leverage
Equity Delivery Upto 2X
Equity Intraday Upto 6X
Equity Futures Upto 4X
Equity Options Upto 5X
Currency Futures Upto 3X
Currency Options Upto 3X
Commodities Upto 1X
Margin Calculator

The above mentioned table indicates that the company wants to promote people to come and join them and hence they offer some lucrative exposures and leverages so that they can operate freely even if they have exhausted their limit.

For intraday purchases, you can leverage upto 6 times of the average trade amount. For Equity Futures and Options as well the leverage if up to 4 times and 5 times respectively.


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MasterTrust Trading Platforms

Trading Platforms
Desktop Platform – Windows Yes
Desktop Platform – Mac Yes
Desktop Browser Platform Yes
Mobile Site Platform No
Android App Platform Yes
iOS App Platform Yes
Windows App Platform No
Other Mobile OS Platform No
Real time Updates Yes
Portfolio Details Yes
Online MF Buy No
News Flash Yes
Research Reports No
Easy Installation Yes
Global Indices Yes
Stock Tips Yes
Personalized Advisory No
Interactive Charts Yes
Live Markets Yes
SMS Alerts Yes
Email Alerts Yes
Multi Account Management No

Mastertrust Capital has launched two Trading Platforms one for Desktop and Laptop users which is a Web based portal and the other is a Mobile App wherein you can access your entire trade cycle on your Mobile itself.

Let’s look at some of the features of each of the Platforms:

Web based Desktop Platform – Master Swift

Master Swift is by complete virtue a Next Generation trading platform which can work wonders for you in the trading field. Below are some of the key features of Master Swift:

  • Live Streaming and a market watch profile across indices and exchanges in India
  • Easy and simple Cash Trading features which can enable smooth transactions and inflow of funds as well.
  • Place Order seamlessly across various exchanges, all at one screen view
  • Interactive and Exhaustive charts on Market trends and recommendations
  • Maintenance of your Order Book without the need to manually maintain any records
  • Live Candlestick charts are published for advanced technical analysis
  • Collateral valuation is also done on a realtime basis and displayed on screen

Mastertrust Capital Mobile Trading App –

This Mobile app has further enabled trade and eased out the pressure from traders to have a compulsory work day to be able to carry out trades; now they can trade while traveling as well and on the go. Key Features:

  • Custom made Market Watch list is published at periodic intervals
  • Trade across segments and exchanges all on the go
  • High Speed connectivity even in Low bandwidth internet connection
  • Customized reports – like order book, net position, trade book and funds view etc.
  • Tracks your individual portfolio and sends relevant notifications as well
  • Realtime live streaming of market quotes and easy order placement

MasterTrust Customer Support

Customer Support
Dedicated Dealer Yes
Offline Trading Yes
Online Trading Yes
24*7 Support No
Email Support Yes
Chat Support No
Toll Free Number No
Branches 35

Mastertrust Capital has overall 12 branches across the country and provides customer support to their customers through various channels like Online and Offline and email support as well.

You can also chose to immediately get in touch with any of the Business Associates of Mastertrust Capital and they would assist in case of any queries at any given time.


MasterTrust Complaints & Feedback

Complaints (Current Year)
Lodged in BSE 56
Resolvd in BSE 53
Lodged in NSE 112
Resolved in NSE 105

Every company, no matter how big they are, would have some percentage of customers complaining about their services and products. Similarly, Mastertrust Capital also had a few complaints in their basket; however they have seemed to resolve most of them.


MasterTrust Disadvantages

Although Mastertrust Capital tops the charts in their Brokerage rates, Trading apps and platforms and various other services that they offer, but there are a few elements that they could work upon to enhance their overall performance:

  1. They provide very less Exposure or Leverage to customers; should look at increasing that
  2. The account that they offer is a 2 in 1 account and not a 3-in-1 account like other brokers

MasterTrust Conclusion

Mastertrust Capital has been a strong entity in the financial services space and has been able to make a mark in the customers’ lives with its unique approach and technology interventions.

They just need to look at some minor customer feedbacks and work on those areas to make the company a better one.


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