Master Trust is a well-known discount broker that provides a range of financial services, including competitive brokerage rates and advanced trading platforms. With 39 years of expertise, Master Trust has established itself as a trusted name in the industry, supported by 1,200+ professionals.
This in-depth review aims to provide traders with a detailed understanding of Master Trust’s features, benefits, brokerage charges, and account types, enabling them to make informed decisions about their trading needs.
Master Trust review
Master Trust is a SEBI-registered Stock broker, that offers a range of financial assets, including Equities, Options, Futures, Forex, Mutual funds, Commodities, and Fixed-income securities. The platform provides various trading platforms, such as Agnik, rest API, Master web, Master Swift 2.0, and Mt Quant.
Master Trust offers two brokerage plans: Discount broking and premium broking. Deposits and withdrawals can be made via UPI, Net Banking, IMPS, NEFT, RTGS, Cheque, and Mobile app. For assistance, customers can reach out through call, email, WhatsApp, or visit their headquarters, with support available from Monday to Saturday.
Additionally, Master Trust provides educational resources, including company reports, news, and blogs, to help investors stay informed and make informed decisions.
How to open a demat account with Master Trust?
Opening a demat account with Master Trust is a simple process. Follow these steps to get started.
- Fill in your details on the form and click open a demat account.
- Complete the KYC process by submitting your PAN card, address proof, income proof, photograph, and signature.
- Once your documents are verified, you will receive your login credentials to start trading.
- The process can be completed online by uploading documents digitally or offline by filling out the form and couriering it to Master Trust.
- Applicants must be at least 18 years old, and minors can open an account through a legal guardian.
Once you have opened a demat account, you can invest in Stocks, Derivatives, Mutual funds, and more with Master Trust’s advanced trading platforms and expert support.
Master Trust broker regulations
- Master Capital Services Limited (MCSL), operating as Master Trust, is a SEBI-registered Stock broker and a trading member of BSE and NSE actively, along with MCX, NCDEX, and MSEI.
- As a regulated entity, MCSL must comply with the Securities and Exchange Board of India (SEBI) regulations, 1992, ensuring fair trading practices, investor protection, and market integrity.
- These regulations mandate brokers to maintain transparency, prevent fraudulent activities, and adhere to compliance standards set by SEBI and Stock exchanges.
Security measures of Master Trust
- Master Capital Services Ltd. uses SSL encryption, secure access controls, and login authentication to protect client information from unauthorized access.
- Master Trust adheres to Indian laws and SEBI regulations, ensuring data confidentiality while disclosing information only when legally required.
- Master Trust never sells personal data, prioritizing user privacy and security.
- Clients are responsible for safeguarding login credentials and updating personal details regularly to maintain security and prevent unauthorized access.
Detailed analysis of Master Trust features
This section highlights its key features like trading platform, account types, deposit and withdrawal methods, fees and commission, and customer support helping traders make informed investment decisions.
Financial assets of Master Trust
Master Trust provides a diverse range of financial assets to help investors build a balanced portfolio. A thorough market review is essential for making informed investment decisions. Additionally, explore our effective guide on how to make passive income as a teenager to learn smart earning strategies.
The available assets are as follows,
- Equities
- Options
- Futures
- Forex
- Stocks
- Mutual fund
- Commodities
- Fixed-income securities
- IPO
Beyond core financial assets, Master Trust offers the following,
- Portfolio Management Services (PMS)
- Algo trading systems
- Insurance broking
- Wealth management
- Depository services
Master Trust operates as a comprehensive financial services provider, giving investors access to a broad spectrum of financial instruments and investment strategies.
Trading platform of Master Trust
Master Trust offers a range of trading platforms designed to suit different types of traders, providing seamless access to the various markets.
Master Swift 2.0
- Master Swift 2.0 provides a smooth mobile trading experience with free API integration for easy connectivity.
- It supports all order types, allowing seamless trade execution on mobile.
- Traders can back-test strategies on mobile to ensure strong performance.
- You can enjoy low-latency trading on mobile for faster order execution and better market response.
Master Web
- Master Web provides a lightning-fast trading portal on mobile, ensuring seamless and efficient trade execution.
- It offers expert guidance and advice, helping traders make informed decisions.
- Its competitive pricing and a wide range of products, users can access multiple trading options in one place for a comprehensive trading experience.
Rest API
- You can enjoy free API integration on mobile, enabling seamless automated strategy execution for efficient trading.
- Its low latency, faster order execution, and improved market responsiveness.
- Additionally, back-test your strategies on mobile to refine and optimize performance before live trading.
Agnik
- Agnik delivers an advanced mobile trading experience with TradingView charts for detailed market analysis.
- It features powerful screeners and 100+ built-in indicators and strategies to support informed trading decisions.
- Additionally, it offers readymade option strategies, making options trading more accessible and efficient.
Mt Quant
- Mt Quant offers on-machine analytics on mobile, providing real time updates with unmatched flexibility for seamless trading.
- It ensures enhanced security to protect user data while delivering advanced functionality for a superior trading experience.
Account types of Master Trust
Master Trust offers two distinct brokerage trading plans. They are listed below.
- Discount broking and
- Premium broking
Discount broking (20:20 broking)
This account type is designed for new investors and self-directed traders, the discount broking plan provides a cost–effective trading experience with transparent pricing and an advanced trading platform. For self-directed traders, the 20:20 account provides a feature-rich, cost-effective trading solution, including the following.
- Higher trading limits and margins on the Stock market, Bonds, and Mutual Funds for increased flexibility.
- Algo trading and advanced charting for technical analysis.
- Multiple order types like GTC, GTD, bracket, cover, after-market orders, and Excel integration.
- Call and trade facility for convenient order execution.
- Ami broker/ other charting platform connectors for enhanced trading strategies.
Premium broking
Designed for an existing investor plan. Premium broking offers personalized brokerage plans, expert insights, and priority customer support, ensuring a comprehensive trading experience tailored to individual financial needs.
It includes all features of the 20:20 account, with additional personalized services, making it ideal for traders seeking expert support. The additional features are given below.
- Dedicated relationship manager and branch access for customized assistance.
- Financial planning services to help manage investments effectively.
- Comprehensive research and insights for informed decisions.
- Free demat account for seamless trading.
- Equity delivery on margin.
Both plans provide robust trading tools, with discount broking focusing on cost-efficiency and premium broking offering personalized services for a more guided experience.
Deposit and withdrawal methods at Master Trust
You can add/withdraw funds to your trading account using the following methods.
- UPI
- Net Banking
- IMPS, NEFT, RTGS – via your linked bank account
- Cheque – payable to Master Capital Services Limited
- Mobile app – Agnik
Withdrawal guidelines and processing time
- Funds can be withdrawn to your linked bank account by placing a withdrawal request.
- Withdrawals typically take 24 hours to process, except on banking holidays or non-working days.
- Same-day withdrawals are not possible if the funds were deposited on the same day, as updates occur by the end of the day.
Overview of Master Trust brokerage charges
This table shows the Master Trust brokerage charges for trading, including Equity, Derivatives, Commodities, demat services, and other costs, helping traders understand the pricing structure.
| Services | 20:20 plan | Standard plan |
| Account opening charges (including GST) | Rs. 100 | Rs. 100 |
| Equity delivery | Rs. 20 per executed order | 0.30% |
| Equity intraday, Equity futures, Derivatives Currency and Commodity | Rs. 20 per executed order | 0.03% |
| Equity/Commodity options (others) | Rs. 20 per executed order | Rs. 75 per lot |
| Commodity options (Silver and Copper) | Rs. 20 per executed order | Rs. 130 per lot |
| Commodity options (Gold) | Rs. 20 per executed order | Rs. 195 per lot |
| Currency options | Rs. 20 per executed order | Rs. 25 per lot |
| Minimum brokerage charges | No charges | No charges |
| Mutual funds | No charges | No charges |
| Liquid bees | No charges | No charges |
| Demat annual maintenance charges | Rs. 300 per annum | Free (on annual brokerage of Rs.1000/-) |
| Delayed payment charges | 1.5% per month | 1.5% per month |
| Physical contract note | Rs. 25/contract note | Rs. 25/contract note |
| GST (including SEBI turnover charges) | 18% | 18% |
Trading limits
Master Trust provides flexible margin trading and leverage options to help traders maximize their funds. Knowing these limits allows for smarter trading and better risk management. There is no free delivery trading in Equity.
| Products | 20:20 plan | Standard plan |
| Equity intraday (MIS) | Up to 5x | Up to 5x |
| Equity delivery (CNC) | Up to 4x | Up to 4x |
| Equity derivatives/ Currency derivatives/ Commodity Carry Forward (NRML) | As per exchange | As per exchange |
| Equity derivatives/ Currency derivatives/ Commodity intraday (MIS) | As per exchange | As per exchange |
| Cover Order/ Bracket Order (CO/BO) | Equity – Up to 5x | Equity – Up to 5x |
| Credit for sale, Realized MTM, and premium earned benefit | Yes | Yes |
| Unrealized MTM | No | No |
Customer support of Master Trust
Need assistance? Master Trust team is here to help! Request a call back by reaching out through the following options:
- Call: 080-69991111
- Email: [email protected]
- WhatsApp: +91 8860330033
- Live chat
- Headquarters: Master Trust Ltd. Master Chambers, SCO-19, Feroze Gandhi Market, Ludhiana-141001
- Days: Monday – Saturday: Except 2nd and 4th Saturdays
- Timings: 9:30 a.m. – 5:30 p.m.
Alternatively, visit the support portal and submit a request for a callback, and the Master Trust team will get in touch with you at the earliest.
Comparing benefits: Why choose Master Trust?
- Master Trust has built a strong reputation for reliability and excellence with 39 years of experience in the financial industry, making it a preferred choice for traders and investors.
- Over 380,000 active traders rely on Master Trust for their investment and trading needs, reflecting its credibility and strong market presence.
- Master Trust offers a wide range of financial services, including Equities, Mutual funds, Derivatives, Forex, Commodities, IPOs, and Depository services, catering to diverse investment needs.
- It provides cutting-edge trading solutions such as Agnik, Master Swift 2.0, and rest API, ensuring a seamless and efficient trading experience with advanced tools and analytics.
- With a strong network across multiple states in India, Master Trust ensures easy accessibility and seamless trading for investors nationwide.
- This review is for informational purposes only. TradingCritique does not currently offer broker referrals for India-domiciled brokers and has no affiliate relationship with the broker discussed.
Conclusion
Master Trust is a trusted brokerage firm offering competitive brokerage rates, advanced trading platforms, and a wide range of financial assets. Whether you are a beginner or an experienced trader, you can choose between the cost-effective 20:20 plan or the premium broking plan with personalized services.
Opening a trading and demat account with Master Trust is a simple and hassle-free process, available both online and offline. Once set up, you can trade in Equities, Derivatives, Commodities, Forex, and Mutual funds with access to real-time analytics, algo trading, and expert research tools.
With strong regulatory compliance, top-notch security, and dedicated customer support, Master Trust provides a reliable and seamless trading experience for all types of investors.
Pro Tip
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