Mastertrust Review – Charges, Trading Platforms, Demat Account, Offers & more

Know everything about Mastertrust Review here. Mastertrust is one of the fastest-growing stock broker companies in India.

The company was founded by Harjeet Arora in 1985 to help people invest in the share market without hassle.

Mastertrust enjoys a 53,000+ active solid client base, which is not a small feat in the immensely competitive Indian share broker market.

In this article, we will provide a detailed review and give you all the information you need to know. Read the Mastertrust charges, trading options, and the SWOT analysis carefully before investing.

Why Trade or Invest with Mastertrust?

You will need a Demat account and a trading account to enter the share market and start trading.

A Demat account is for holding the shares, and a trading account is for buying more shares or selling existing ones.

With a Mastertrust account, you will receive many benefits and opportunities when you first start investing and trading.

Here are the best features that Mastertrust offers to its customers:

• The account opening charge is just Rs. 100, and the AMC charge is a reasonable Rs. 300.
• Users receive a standard brokerage plan even though the regular brokerage charges of Mastertrust are competitive.
• For trading, customers receive many options, such as NSE, BSE, NCDEX, and MCX.
• With app-based trading platforms, users can trade online from any location at any moment.
• Mastertrust offers services in all the popular trading sectors, including bonds, mutual funds, ETFs, currency, etc.
• Users get unrestricted access to research and analytical data that enable them to develop a stock portfolio.

Before you start trading, you need to know the brokerage charges you will incur with the brokerage firm. The correct information will help you avoid trading mistakes that many amateurs make.

Mastertrust Brokerage charges are equal to or lower than many well-known brokerage agencies. The company offers a 20:20 Plan as a standard option to all customers.

Equity Intraday, Equity Futures, and Currency Futures all have a standard brokerage fee of Rs.20 per Trade, whereas Equity Delivery Trading has a zero brokerage fee per Trade.

For equity, currency, and commodity options, the charge is Rs.20 per Trade.

Mastertrust Calculator

Calculate Brokerage Charges of Mastertrust.

How to Open a Mastertrust Demat Account?

Opening a Mastertrust Demat account is a simple process, and the company charges only Rs. 100 for a new Demat account.

Users can use an online method to open a new Demat account with Mastertrust.

• Click on the tab “Open Demat Account” at the bottom of the page.
• Ensure that all the fields, such as Name, Address, Mobile Number, and Email Address, are filled in.
• You will receive a call from the Matertrust. Provide your bank account information, such as Account numbers, MICR codes, IFSC codes, etc.
• Upload PAN and Aadhar details for verification.
• The account is opened within 48 hours after you have submitted all the necessary information correctly.

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In this Mastertrust review, we will discuss all the trading platforms Mastertrust offers and their efficiency.

You can access your Mastertrust account through an app, the web portal, or the PC platform.

The company provides desktop platforms such as MetaTrader 4 for Windows and MetaTrader 5 for Mac.

Mastertrust has an Android App for Android smartphone users and an iOS App for Apple phone users.  The Web Trading Platform can be used through any web browser.

Mastertrust does not offer an Algo Trading Platform, Basket Trading Platform, Foreign Stocks Trading Platform, Digital Gold Investment Platform, or Bonds Investment Platform.

However, the company provides Mutual Fund Investment Platform to the customers.

Mastertrust offers multiple trading platforms to make its services more accessible to investors. We will go into great detail about each of the three trading platforms that Mastertrust provides.

Mastertrust Capital Mobile Trading App

The Mastertrust App for trading comes in two versions, one for Android and another for Apple phones. You may download the app from the google store or the apple store.

However, you won’t be able to use this platform if you have a phone with an outdated OS.

• A custom Market Watch list is periodically released for the benefit of the users.
• Trading is possible across all exchanges and segments, even with a low-speed internet connection.
• Keeps track of the portfolio and delivers notifications in real-time.
• Market quotations are streaming and easy order placing process.

Mastertrust Capital Trading Terminal

Mac and Windows users may use the trading platform because it offers all the essential components for trading.

The company often advertises the desktop platform as the leading trading platform.

• Users receive customised reports, such as an overview of the funds, the order book, and the net position.
• The platform offers live streaming and a market monitoring profile for various exchanges.
• This platform offers charts and notifications that customers can use to analyse the market situation.
• It has features for straightforward trading options that can facilitate transactions efficiently.

Mastertrust Capital Web Trading Platform: Master Swift

Master Swift is used to accessing the Mastertrust account from any web browser. Master Swift cannot be accessed using a mobile phone web browser since it is not mobile-compatible.

The web trading platform will give you access to all the necessary capabilities for instant stock trading.

• Users can access Comprehensive and Interactive Charts on Market Trends and Advice.
• The company provides multiple advanced technical analyses using live Candlestick charts.
• Users get notifications of real-time share market trends and prices.

Users can benefit from the various attractive Mastertrust offers. Apart from these, the company also provides special offers sometimes.

• Traders can choose flexible or individualised brokerage options to reduce their brokerage costs.
• Limited free brokerage plan and flat brokerage option.
• Referral Offers can be used to earn upto Rs.750 per Client
• Margin Funding options and free trading calls for all users.

Mstertrust SWOT Analysis

Here is the detailed SWOT analysis for Mastertrust.

Strength

• The company’s annual net profit has improved for two consecutive years, and the revenue has also increased.
• The company has zero promoter pledges, and book value per share has recently increased.
• Mastertrust has very low debt, which means it is financially stable and can serve customers with consistency and reliability.
• The company has invested heavily in technological improvement, and, as a result, users now enjoy a modern stockbroking experience.
• The company reports show that its profit margins have been increasing.

Weakness

• Mastertrust has seen a decline in net cash flow which may disturb the company’s performance.
• Users often complain that the customer care service needs to be faster.
• The company does not have a considerable presence outside the large cities.

Opportunities

• The company can invest in marketing to attract more users.
• It can increase its offline presence outside the cities to grow its customer base.
• Mastertrust can invest in consulting capabilities, a factor that traders value.

Threat

• Customer retention is becoming difficult because of fierce competition.
• The Indian brokerage market can be affected by international share market turbulence.
• Technological advances are happening so quickly that companies must constantly change their technical structure.

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Mastertrust research team is primarily responsible for collecting data from various industry segments.

They analyse the data patterns and suggest where to invest and when. After opening a Mastertrust Trading Account, customers get reports and updates from the company.

Mastertrust offers fundamental reports, research reports, IPO reports, and Technical Reports. They provide free Stock Tips and Daily Top Stock Picks.

Investors should learn about the Mastertrust Margin trading facilities to benefit from it.

• Up to five times Exposure in intraday trading based on the type of the stocks.
• Exposure up to 1.3 times for the Equity F&O Intraday and Commodity F&O Intraday segment.
• 1x Exposure for Equity Delivery, Equity F&O Carry Forward, Commodity F&O Carry Forward, and Currency F&O.

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Companies often spend a lot of money to improve customer services because it plays a crucial role in converting a casual user into a regular trader.

If you are an investor and need assistance, call 0120-4183333 to reach Mastertrust Customer Care.

Users can email [email protected] or seek help by visiting the nearest branch. Traders can also use the website, Facebook, and Twitter Support to solve the issue.

BSE and NSE actively accept Mastertrust Complaints and handle them to maintain a stringent check and balance for fair trading.

If the problem is not fixed within the given timeframe, significant actions can be taken against the company.

A total of 24 complaints were lodged, and 19 were solved within the timeframe. 3 Non Actionable Complaints remain unsolved.

Mastertrust Charges

Each brokerage firm would add charges to each trading transaction and the brokerage cost. The SEBI or the government imposes some of these fees.

The two main brokerage charges for Mastertrust are Mastertrust Account Opening Charges (Rs.350) and Annual Maintenance Charges (Rs.300 per Year).

There are other charges, such as STT and CTT charges:

• Equity Delivery charges are 0.1% on buy & sell, and Equity Intraday charges are 0.025% on sell.
• The Equity Future charges are 0.0125% on Sell
• For the Equity Option, the costs are 0.0625% on Sell (on premium).
• The charges for Commodity Future are 0.01% on Sell (Non-Agri)
• Commodity Option charges are 0.05% on sell

Rs.10/ Crore SEBI Turnover Charges, 18% GST, Dematerialisation Charges, and Rs.20 per Scrip on Sell DP Charges are considered Mastertrust Hidden Charges.

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Mastertrust Review – Conclusion

Mastertrust efficiently serves a 53000+ client base and has gained a reputation as a trustworthy sharebroker.

In this Mastertrust Review, we have done an in-depth analysis of Mastertrust’s charges, platforms, and offers and a SWOT analysis of the company.

If you are an amateur trader and unsure about the ins and outs of the market, you will gain significant insight into the share broker agency from this article.

Mastertrust FAQs

Here is the list of FAQs listed for Mastertrust Review:

Is Mastertrust a Safe Broker?

Mastertrust is one of India’s top stockbroking agencies in India and trading on Mastertrust is secure. Established in 1985, it has a satisfied client base of 53000+ people.

Is Mastertrust Good for Beginners?

Yes, many amateur traders decide to open a Demat account with Mastertrust because of its beginner-friendly services. The company offers in-depth tips and reports that help new clients understand the share market thoroughly.

How many active clients does Mastertrust have?

Mastertrust has enjoyed a high growth rate in the last decades as more and more Indians decide to invest in the share market. According to the company reports, it has more than 53,000 customers.

Who is the Founder of Mastertrust?

Harjeet Arora is the founder of this stockbroking company. In 1994, Arora Financial Consultants Ltd. and Master Capital Services Ltd merged to create Mastertrust Capital.

Does Mastertrust provide Free Delivery Trading?

Yes, all active clients of Mastertrust can take advantage of the free delivery trading service offered by the company.

What are Intraday Trading Charges in Mastertrust?

The company charges the users Rs.20 per Trade for intraday trading services.

What are Mastertrust F&O Charges?

For future Options, the users pay Mastertrust Rs.20 per Trade.

Does Mastertrust charge for Commodity Trading?

Yes, Mastertrust charges its users for commodity trading. Clients need to pay Rs.20 per Trade for this service.

Does Mastertrust charge for Currency Trading?

Mastertrust charges the active traders Rs.20 per Trade for currency trading.

Does Mastertrust provide Research?

Mastertrust provides Research and reports to the users. You can access the Fundamental Reports, Market Reviews, Weekly Reports, IPO Reports, and Research Reports offered freely by the company.

However, the company does not provide Monthly or Annual Reports.

How to contact Mastertrust Customer Care?

The company offers customer support for offline and online transactions, and users can call the helpline number 0120-4183333 anytime.

For email support, users need to send an email to [email protected]. Company offices spread around the country also offer in-person help to customers.

The firm provides a dedicated dealer service with call, email, and in-person support.

How much is AMC in Mastertrust?

The AMC of Mastertrust is reasonable and one of the lowest in the stockbroker industry. Users pay Rs.300 per Year as AMC for their accounts.

What are Account Opening Fees in Mastertrust?

Customers need to pay the account opening fee of Rs. 100 at the time of Demat account activation.

What are Pledge Creation Charges in Mastertrust?

The pledge creation charge for Mastertrust is Rs.50 per Request.

How much are Pledge Invocation Fees in Mastertrust?

Mastertrust charges a fixed Rs.50 per Request pledge invocation fee.

Does Mastertrust levy any Interest on Margin Trade Funding?

Yes, investors need to pay an interest of 0.05% per day for margin trade funding with Mastertrust.

What are DP Charges in Mastertrust?

The DP charge is Rs.20 per Scrip on Sell in Mastertrust.

Does Mastertrust levy any Account Closure Fees?

No, Mastertrust does not charge its customers for account closure. Users need to inform the company about their decision, and the company will approve it.

What are Account Reactivation fees in Mastertrust?

There is no account reactivation fee for Mastertrust users. For account reactivation, you only need to contact customer care.

What are Call & Trade Charges in Mastertrust?

The call and trade charges in Mastertrust are Rs.20 per Trade.