Mastertrust Review, Special Offers, Demat, Trading A/C and Brokerage

Mastertrust Capital can be considered one of the leading stock trading companies in western India. Now, before diving deep in the full review of the company, let us take a look at its highlights of the company.

Mastertrust Capital is a full-service stockbroking company that is mainly famous for its low Brokerage fees. For Intraday Brokerage, they charge as low as Rs 20 per executed order, and for Delivery Brokerage, they charge just Free.

Moving on; they charge ₹300 per annum for the AMC of the Demat accounts, and the minimum margin money is 75% Margin, which is considerably lower than other stockbroking companies.

Mastertrust Highlights
Broker Type Full Service Broker
Demat Account AMC Rs.300 per Annum
Margin Required 75% Margin
Intraday Brokerage Rs 20 per executed order
Delivery Brokerage Free
Exposure Upto 5x

Mastertrust Capital Offers

What do you know about Mastertrust?

As discussed in the highlights section, Mastertrust Capital is a full-service stockbroking company, which is located in the financial capital city, Mumbai. The dynamic duo Mr. Harjeet Singh and Mr. R. K. Singhania founded the company in the year 1994.

Since then, the company has spearheaded the stock market, and now they are one the best in the business. Meanwhile, Mastertrust Capital is a private limited company to date, and most probably won’t make their shares public.

They offer numerous products and services along with lucrative offers. Now, they also have some flaws that we will discuss as well. So, in this article, we will establish a complete company review and conclude how efficient they are right now.

About Mastertrust 
Know few details about Mastertrust 
Which type of Company is it? – Public / Private Private
Which type of Broker is it? – Full Service / Discount Full Service Broker
Where is the registered office of Company Located? Mumbai, Maharashtra
Who is the Founder of this Company? Harjeet Singh Arora & R.K.Singhania
When did the company started? 1994

Open Demat Account Now – Fill up the Form Below

    Fill up the details below

    Choose a ServiceOpen Demat Account

    What are the various Demat Account Opening Charges levied by Mastertrust?

    You may be a little disappointed to know that Mastertrust Capital’s account opening fee is NIL and it also has an AMC fee, which is ₹300 per annum. The Depository participants who are involved are both CDSL as well as NSDL.

    One good thing is they don’t charge an additional fee for the Trading accounts. The AMC is also free of cost. The minimum margin of money to begin trading with Mastertrust Capital is 75% Margin. You can argue that this fee is unnecessary.

    Unfortunately, most companies nowadays charge this amount to initiate trading. Meanwhile, dematerialization is accessible.

    Mastertrust Demat Account Opening Fees
    Check out the various fees charged for Opening a Demat Account with Mastertrust 
    Which is the Depository Participant involved? CDSL & NSDL
    What are the Demat account opening charges? NIL
    How much is the Demat AMC? Rs.300 per Annum
    What is the Trading AMC? NIL
    What is the initial Margin amount required? 75% Margin
    Is dematerialization available? Yes

    Find out Brokerage Charges of other stock brokers

    Sharekhan Zerodha 5Paisa Angel Broking
    Axis Direct Karvy Kotak Securities Motilal Oswal
    Icici Direct IIFL Hdfc Securities Yes Securities

    Does Mastertrust provide any Offers to their Clients?

    Let us discuss the Mastertrust Capital offers. We should start with the Demat account. Now, we have already mentioned before that they charge ₹555 to open the account and also charge ₹300 per annum for its AMC.

    However, if you compare that with their Trading account, it is free to open and the AMC will not cost you anything either. One of the essential offers they provide is a discount on Brokerage fees.

    Of course, there are a lot of ifs and buts here, but overall getting any discount is excellent. There are some significant offers that are missing from their vault; such as Happy Trading Hours, 1-month Brokerage free trading, and Zero Brokerage on unsuccessful trades.

    Having said so, some of the compelling offers that they do provide are Flexible Brokerage plans, occasional Holiday offers, and a satisfactory Referral program.

    Mastertrust Offers
    Here are the various offers provided by Mastertrust 
    Does the broker provide a Free Demat A/C offer? No
    Does the broker provide Free Trading A/C offer? Yes
    Is this broker offers a Discount on Brokerage? Yes
    Does the broker offer Happy hour trading to their clients? No
    Is the broking house provides a flexible brokerage plan? Yes
    Does the broker offer 1 month of Free brokerage? No
    Are the Holiday offers provided by the broker? Yes
    Are there any referral offers shared by the broker? Yes
    Zero Brokerage for Loss-Making Trades No

    What are the Brokerage Charges levied by Mastertrust on various Segments?

    One of the most compelling reasons for you to be associated with Mastertrust Capital is their fees structure. The Mastertrust Capital Brokerage charges discussion can be started with Equity Delivery fees, which are Free.

    The cost is, without a doubt, one of the most reasonable in the stock market. The next in line is also considered one of the cheapest –  Equity Intraday, where they charge Rs 20 per executed order. Interestingly, they charge a similar ratio for Commodity Trading, Equity Futures, and Currency Futures, which is Rs 20 per executed order.

    The reasonable fee structure continues with Equity Options, where they charge just ₹20 per lot, and for Currency Options, they charge only ₹20 per lot. The Minimum Brokerage requires to initiate trading is ₹20 per executed order.

    Again, a quick recap of the Demat accounts, where they charge ₹300 per annum for the AMC, however, for the Trading accounts, it is free of cost. The minimum margin money is 75% Margin, something we have discussed earlier too.

    Mastertrust Brokerage Charges 
    Here you will find details of brokerage levied by Mastertrust on all segments
    What are the Equity Delivery Charges? Free
    What are the Equity Intraday Charges? Rs 20 per executed order
    How much brokerage charged for Commodity Trading? Rs 20 per executed order
    What is the brokerage on Equity Futures? Rs 20 per executed order
    How much brokerage charged for Equity Options? Rs 20 per executed order
    What is the brokerage on Currency Futures? Rs 20 per executed order
    What is the brokerage on Currency Options? Rs 20 per executed order
    How much is the Minimum Brokerage required? Rs.20 per executed order
    What is the Demat AMC? Rs.300 per Annum
    How much is the Trading AMC? NIL
    What is the Minimum Margin Required? 75% Margin

    Does Mastertrust levy any other charges apart from Brokerage?

    Now, before the usual Brokerage fees, you must pay some additional fees as well. So, the Mastertrust Capital charges that they levy additionally start with the Transaction fee, which is 0.00225%.

    The next in line is the SST fee, which is 0.0126%. It was quickly followed by the SEBI Turnover fees, which is 0.00005%. One of the things that you should know is that all these charges that we mentioned right now will be calculated on the Total Turnover amount.

    There are two additional costs that you need to pay, which go to the Government – Stamp Duty and GST. Now, in the case of Stamp Duty, the fee varies from one state to another, so it is hard to pinpoint the exact fee.

    In the case of GST, it will be 18%, which will be calculated on the total value of the Brokerage fee and the Transaction fee. While Mastertrust Capital charges all these additional fees, you don’t need to worry about your profit margin. These fees are very nominal and will not cause a great deal of reduction in the profit margin.

    Mastertrust Charges
    Get deep understanding of all other charges levied by Mastertrust 
    How much are the Transaction Charges levied? 0.00225% of Total Turnover
    What are the STT charges? 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 the 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
    What are the SEBI Turnover charges? 0.00005% (Rs.5/Crore)
    How much is the Stamp Duty levied? (On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX)
    How are the GST charged? 18% on (Brokerage + Transaction Charge + SEBI Fee)

    Get all charges of various stock brokers

    Paytm Money Mastertrust Indiabulls Ventures Sbi Cap Securities
    Upstox Nirmal Bang Jainam Share Consultants Smc Global
    Alice Blue Online Shri Parasram Holdings Jhaveri Securities Swastika Investmart

    What is the Limit or Exposure offered by Mastertrust?

    The Mastertrust Capital Exposure is typically average if we want to address that in one word. None of the Trading Exposure or Leverage ratio is something extravagant, and some of them are really below average.

    Let us start with Equity Delivery, which is just up to 1x. Even though they offer up to 5x Trading Exposure, for some of the services, it is considerably low. For instance, they offer just 1x Trading Exposure for Commodity Trading, and up to 1x a piece for Currency Futures and Currency Options.

    These Exposure or Leverage ratios are not acceptable, especially when there are companies that offer up to 1x Trading Exposures quite frequently. Meanwhile, the Mastertrust Capital Margin for Equity Futures is up to 1x, while for Equity Options, they offer a respectable up to 1x Trading Exposure.

    Mastertrust Exposure or Leverage
    Here you will find the exposure or limit provided by Mastertrust 
    How much is the limit on Equity Delivery? 1x
    What is the limit on Equity Intraday? Upto 5x
    How much is the limit on Equity Futures? 1x
    What is the limit on Equity Options? 1x
    What is the exposure on Currency Futures? 1x
    How much is the leverage on Currency Options? 1x
    What is the limit on Commodity Trading? 1x

    How to open Mastertrust Capital Demat & Trading Account?

    For those who don’t know, to perform stock trading, you must own three different accounts. Those will be a Trading account, a Demat account, and a Savings account. As you have to take care of the Savings account, we will not discuss that here. Instead, we will discuss how to create a Demat and a Trading account.

    1. To open a Mastertrust Capital Demat account, you need to go to click on the “Open Demat Account” button below.
    2. Over there, you will get a pop-up form.
    3. Just a simple online form that you need to fill up using the correct information.
    4. After that, you will get a call from one of their representatives. You will have to tell them that along with the Demat account, you will also like to open a Mastertrust Capital Trading account.
    5. They will oblige your request and will ask you to process ₹555 for the Demat account, while the Trading account is free to create.
    6. They will also ask for the KYC documents that you need to submit correctly.
    7. After they verify your identity and confirm your payment, they will provide you the login credentials to your Demat and Trading accounts respectively.

    Open Demat Account Now – Fill up the Form Below

      Fill up the details below

      Choose a ServiceOpen Demat Account

      What are the various Trading Platforms provided by Mastertrust?

      What Mastertrust Capital is offering are three distinct Trading platforms that we will elaborate on thoroughly here:

      Mastertrust Capital Trading Terminal

      Primarily this Trading platform is a Desktop application designed by Mastertrust Capital. First of all, the application is available to Windows users as well as Mac users. It has got all the fundamental features required for seamless trading operations; thus, they promote this application as its primary platform.

      Mastertrust Capital Web Trading Platform

      Like the Desktop application, this is a web-based platform, where you can access your account from any popular web browser like Google Chrome, Mozilla Firefox, or Internet Explorer. There is one catch;

      however, you can’t access the account using a mobile phone web browser as it is not mobile-responsive. Apart from that, you will get all the desired features to do stock trading just the way you get in the Desktop application.

      Mastertrust Capital Mobile Trading App

      The third and final Trading platform that Mastertrust Capital offer is a Mobile app. It comes in both Android as well as iOS versions; so, you can get it easily.

      However, if you still own a Windows phone with backdated OS, you will not be able to take advantage of this platform. Just like the other two platforms, this one also comes with all the essential features in-built for stock trading.

      Mastertrust Trading Platforms
      Here you will find all the important trading platforms available with Mastertrust 
      Do they have Trading Terminals for Windows? Yes
      Do they have Trading Terminals for Mac? Yes
      Are they providing a Web Trading Platform? Yes
      Do they have a Mobile Web Platform? No
      Does this broker provide Mobile Trading App for Android? Yes
      Does this broker provide Mobile Trading App for iOS? Yes
      Are they having Mobile App for Windows OS? No
      Do they have Mobile Trading App for Other OS? No

      What are the features available in Mastertrust Trading Applications?

      Check the various features of the Trading Platforms below –

      Mastertrust Capital Trading Terminal Features

      When we talk about the Mastertrust Capital Trading Terminal, we should start with the fact that it comes with the Easy Installation option. It has features like Real-time Updates and Portfolio Details in-built in it, but lacks essential features like Online MF Buy and Research Reports as well.

      Mastertrust Capital Web Trading Platform Features

      The Mastertrust Capital Web Trading platform has all those features as well including News Flash, Global Indices, and Stock Tips. However, the Personalized Advisory feature is not available.

      Mastertrust Capital Mobile Trading App Features

      Mastertrust Capital Trading App is, without a doubt much more seamless and has all the previous-mentioned features in it. Additionally, it has Interactive Chartings, Live Markets data, SMS Alerts, and Email Alerts also in it.

      Mastertrust Trading Application Features
      Here you will find various features available in Trading Platforms provided by Mastertrust 
      Are these platforms capable of Real-time Updates? Yes
      Do these Applications provide Portfolio Details? Yes
      Are this software providing Online MF Buy? No
      Do these platforms have News Flash? Yes
      Are these platforms providing Research Reports? No
      Are these platforms Easy to Install & use? Yes
      Do these Apps have Global Indices? Yes
      Are these platforms having Stock Tips? Yes
      Does this software provide Personalized Advisory? No
      Are these platforms capable of Interactive charting? Yes
      Do these Apps provide Live Markets data? Yes
      Do they provide SMS Alerts? Yes
      Are they providing Email Alerts? Yes
      Do these platforms have a Multi-Account Management solution? No

      Get detailed features of another Share Broker

      Anand Rathi Nj Wealth Jm Financial Tradebulls Securities
      SAS Online Prabhudas Lilladher Samco Way2Wealth
      CanMoney Reliance Securities Profitmart Securities Edelweiss

      What are the various Products provided by Mastertrust?

      Mastertrust Capital products are limited to a great extent. Mostly, they offer conventional products. But, in today’s era, it is essential to be versatile. People want all their stock trading products to be in one place.

      So, the fact that some of the crucial product lines are missing from their arsenals, such as Mutual Funds, Forex, Banking, SIP, and Insurance, can be frustrating for the clients. Having said so, they do offer conventional products like Equity Trading, Commodity Trading, Currency Trading, Options Trading, and Futures Trading.

      We can see the scenario in two different ways, however. First, they want to stay focused on a particular set of products and want to thrive on that. This can be a sound strategy. Yet, the next point can be established people want everything in one place. So, eventually, they are losing the scope to earn more.

      Mastertrust Products
      Here are the various products provided by Mastertrust 
      Does the broker allow Equity Trading? Yes
      Does the broker allow Commodity Trading? Yes
      Do they have Currency Trading products available? Yes
      Do they provide Options trading? Yes
      Are the clients allowed to trade in Futures? Yes
      Do they have Mutual Funds as a product? No
      Does the broker allow Forex trading? No
      Does the broker have Banking products? No
      Is SIP allowed by the broker? No
      Do they have Insurance as a Product? No

      What are the various Services offered by Mastertrust?

      If we want to describe the Mastertrust Capital services, we can say they are limited and unsettling. We can begin the conversation yet again with the Demat and Trading account-related activities. Some of them are free, some are not, but they do offer the service.

      Some people do expect companies to provide 3-in-1 accounts; however, such is not the case for Mastertrust Capital either. They provide essential services like Intraday, IPO, and Stock Recommendations, but lack some critical ones as well like Robo Advisory and PMS.

      There is one fascinating incident here. Despite Mastertrust Capital not being an official Trading Institution, they somehow managed to offer up to 5x Trading Exposure, which is quite an achievement in itself.

      Mastertrust Services
      Check out the various services provided by Mastertrust 
      Does the broking house provide Demat Services? Yes
      Does the broking house provide Trading Services? Yes
      Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C? No
      Do they provide Intraday Services? Yes
      Are they offering IPO Services to the client? Yes
      Do they have Stock Recommendations available? Yes
      Are they providing tools for Robo Advisory? No
      Does the broker provide PMS? No
      Do they have Trading Institution available? No
      What is the Trading Exposure this broker provides? Upto 5x

      Does Mastertrust provide Research & Advisory to their clients?

      Let us start with the Mastertrust Capital Research services. They share significant information services like Fundamental Reports, Market Reviews, Weekly Reports, IPO Reports, and Research Reports with their respective clients.

      However, the three most critical information services are missing, too –  Company Reports, Monthly Reports, and Annual Reports. Now, let’s move on to the Mastertrust Capital Tips services which primarily consist of Free Stock Tips and Top Picks for clients.

      Like the other two services, the Mastertrust Capital Advisory services include Offline Advisory and Dedicated Relationship Manager service.

      Mastertrust Research, Advisory & Stock Tips
      Here are the various research activities done by Mastertrust 
      Does the broker share Fundamental Reports? Yes
      Does the broker share Research Reports? Yes
      Do they provide Company Reports to their clients? No
      Are they analyzing the Annual Reports of Companies? No
      Do they share Company Stock Reviews? No
      Are they sharing Free Stock Tips with their clients? Yes
      Do they analyze & share IPO Reports? Yes
      Does the broking company provide Top Picks? Yes
      Are they sharing Daily Market Review? Yes
      Do they have Monthly Reports? No
      Does the broker provide Weekly Reports? Yes
      Are they having Offline Advisory? Yes
      Do they provide Relationship Managers to clients? Yes

      What are the Customer Care details of Mastertrust?

      There is a total of 35 branches of Mastertrust Capital spread all around the country. So, if we want to start talking about the Mastertrust Capital customer care service, we should first mention that they provide services via their Dedicated Dealers.

      Then it is crucial to say as well that offer support to both Online and Offline users. 24×7 customer care support is one of the contributing factors to the people trusting them so much. However, quick problem escalations modes are not available. Such as the likes of Email Support and Chat Support are missing from their service vault.

      Mastertrust Customer Support
      Let’s have a better understanding of Customer Care Service of Mastertrust 
      Are they providing Dedicated Dealer to their clients? Yes
      Do they allow Offline Trading? Yes
      Do they have facilities for Online Trading? Yes
      Are they providing 24*7 Support? Yes
      Does this broker provide Email Support? No
      Is this broker having Chat Support? No
      How many Branches the stock broker has? 35

      Are there any Complaints filed against Mastertrust by their clients?

      Considering they are a 26-year-old company, we can expect some complaints and grievances from their clients. So, over the years, the number of Mastertrust Capital complaints filed from the BSE is 56, out of which 53 issues have been dealt with successfully.

      When it comes to the number of complaints from the BSE, that number increases significantly to 112 complaints. 105 of them have been resolved thereafter. Now, we must say the numbers are not severe, but they should introduce sound strategies and deploy them correctly to eradicate the number of issues in the future.

      Mastertrust Complaints
      Here you will know about the Complaints lodged against Mastertrust 
      What is the total number of Complaints Lodged in BSE? 56
      How many of these complaints have been Resolved in BSE? 53
      What is the total number of Complaints Lodged in NSE? 112
      How many of these complaints have been Resolved in NSE? 105

      What are the advantages & benefits of Mastertrust Capital Trading accounts?

      While you are thinking of opening a new Mastertrust Capital Trading account, you should know that there are some significant advantages and disadvantages of being associated with them.

      While the products and services are limited, they offer a very reasonable Brokerage fee. Trading Platforms are always a point of concern for them while they make it up for the experience they hold. Overall, they are a trustworthy company operating for over 26 years. So, you can rely on them.

      What are the Mastertrust Review & Ratings as per their Customer?

      The Mastertrust Capital review system starts with their Research & Advisory services with 6 out of 10, while for the Brokerage and other fees structure, people have rated them 6.1 out of 10.

      The Trading platforms received the worse ratings of 5.8 out of 10, while their overall experience topped the charts with 6.6 out of 10. The Mastertrust Capital rating is 6.2 out of 10, which we believe is decent enough to rate among one of the best stock trading companies in India

      Mastertrust Ratings & Reviews
      We are looking at Companies’ Ratings on various parameters
      Stock Market Research & Broking Advisory 6.0/10
      Brokerage & other Charges like – Turnover, Transaction Charges, etc. 6.1/10
      Types of Products & Services the Brand provides 6.5/10
      Performance Mobile App, Trading Terminal & Web Trading Platform 5.8/10
      Experience in the Broking Business 6.6/10
      Total Avg. Rating of Broking House 6.2/10
      Star Rating of given to Stock Broker ★★★☆☆
      Number of People Contributed to these Ratings 249

      The Conclusion

      After careful observation, we believe Mastertrust Capital is a reliable company. They offer very subtle but limited products and services.

      That means they prioritize quality over quantity. Their fee structure is one of their best-selling points, and not been so many complaints over the years. So, we recommend you Mastertrust Capital for you to consider.

      Open Demat Account Now – Fill up the Form Below

        Fill up the details below

        Choose a ServiceOpen Demat Account

        Leave a Reply

        Get 90% Discount on Brokerage Now! Open Demat Account

        Share your details & Become Sub Broker Now!

          Choose Service
          Open Demat Account

          Offer valid for limited time.


          Share your details & Open Demat A/C Now!

            Choose Service
            Open Demat Account

            Offer valid for limited time.


            Share your details & Get IPO Allotment Now!

              Choose Service
              Open Demat Account

              Offer valid for limited time.


              Share your details & Invest in PMS Now!

                Choose Service
                Open Demat Account

                Offer valid for limited time.