Master Trust Vs Elite Wealth
Master Trust
Master Trust is a full service Broker. Master Trust Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages in 2024.
Master Trust Vs Elite Wealth - Broker Details
| Master Trust | Elite Wealth | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 1985 | 1990 |
| Exchanges | BSE, NSE and MCX | NSE, BSE, MCX and NCDEX |
| Branches | 989+ | N/A |
| Brokerage | ₹20/ Order | 0.03% |
| Broker Type | Full service Broker | Full Service Broker |
Master Trust Vs Elite Wealth - Account Opening & AMC Charges
| Master Trust | Elite Wealth | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹100/- | ₹0 (Free) |
| Demat Account AMC | ₹300 | First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method |
| Trading Account AMC | ₹0 | ₹0 (Free) |
Master Trust Vs Elite Wealth - Brokerage charges & Plans
| Master Trust | Elite Wealth | |
|---|---|---|
| Commodity Futures | ₹20/ Order or 0.30% | 0.03% |
| Currency Futures | ₹20/ Order or 0.30% | 0.03% |
| Equity Delivery | ₹0/- or 0.30% | 0.33% |
| Equity Options | ₹75/ Lot | ₹33 per Lot |
| Commodity Options | ₹75/ Lot | 0.03% |
| Equity Futures | ₹20/ Order or 0.30% | 0.03% |
| Currency Options | ₹25/ Lot | ₹33 per Lot |
| Fixed Charges | ₹20/ Order | 0.03% |
| Equity Intraday | ₹20/Order or 0.03% | 0.03% |
Master Trust Vs Elite Wealth - Other Charges
| Master Trust | Elite Wealth | |
|---|---|---|
| RMS Square Off Charge | N/A | ₹0 (Free) |
| API Charges | APIs are available free of cost. | ₹0 (Free) |
| Call & Trade Charges | N/A | ₹0 (Free) |
| Other Brokerage Charges | ₹20/Order or 0.03% | 0.03% |
| Minimum Brokerage | ₹20/ Order | 0.03% |
Master Trust Vs Elite Wealth - Transaction Charges
| Master Trust | Elite Wealth | |
|---|---|---|
| Currency Options | NSE ₹4200 | BSE ₹1000 | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% |
| Equity Futures | NSE ₹300 | BSE ₹150 | NSE: 0.00195% on Total Turnover value |
| Equity Intraday | NSE ₹325| BSE ₹325 | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
| Equity Options | NSE ₹6000 | BSE ₹3500 | NSE: 0.053% on Premium value |
| Commodity | MCX ₹250 | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN |
| Currency Futures | NSE ₹120 | BSE ₹100 | NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% |
| Equity Delivery | NSE ₹325| BSE ₹325 | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
Master Trust Vs Elite Wealth - Margin (Exposure)
| Master Trust | Elite Wealth | |
|---|---|---|
| Equity Options | 1x | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | Upto 16x CO/BO:- ( Upto 48x) | 5x (Up to 20% of trade value) |
| Currency Options | 2x | 1x (100% of Normal margin (Span + exposure)) |
| Commodity Options | 2x | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 2x | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 20:20 Plan :- 1x | Standard Plan:- Upto 4.5x | My Plan:- Upto 4.5x | 1x (100% of trade value) |
| Currency Futures | 2x | 1x (100% of Normal margin (Span + exposure)) |
| Equity Futures | 2x | 1x (100% of Normal margin (Span + Exposure)) |
Master Trust Vs Elite Wealth - Features
| Master Trust | Elite Wealth | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:15 PM | Currency: 4:30PM | Commodities: 11:20 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | Master Swift 2.0, Master Trust Mobile App, Master Marts | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Master Trust Vs Elite Wealth - Review & Rating
| Master Trust | Elite Wealth | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
Master Trust Vs Elite Wealth - Request a call back from Broker
| Master Trust | Elite Wealth | |
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Master Trust Vs Elite Wealth - Investment Options
| Master Trust | Elite Wealth | |
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| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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Master Trust Vs Elite Wealth - Order Type
| Master Trust | Elite Wealth | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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Master Trust Vs Elite Wealth - Research & Report
| Master Trust | Elite Wealth | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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Master Trust Vs Elite Wealth - Daily Market Report
| Master Trust | Elite Wealth | |
|---|---|---|
| Daily Market Reports & News |
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Master Trust Vs Elite Wealth - Suitable For Investor
| Master Trust | Elite Wealth | |
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| Casual Investor |
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| Active Investor |
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| Trader |
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Master Trust Vs Elite Wealth - Pros & Cons
| Master Trust | Elite Wealth | |
|---|---|---|
| Pros | 1. The broker has a very decent offline presence. 2. It has various multiple communication channels. 3. It provides a fantastic range of trading products. 4. It charges low brokerage from its customers. | 1. It is a full-service broker 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. Excellent Research 4. Call n Trade Facility 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Upcoming IPO updates 7. Online access to the account on all days |
| Cons | 1. The broker avails its customer with very less exposure or leverage to its customers. 2. They offer a two-in-one account and not the three-in-one account like other brokers to its customers. | 1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account and does not have banking license. 3. Risk of Overtrading. |
Master Trust Vs Elite Wealth - Background
| Master Trust | Elite Wealth | |
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Master Trust Vs Elite Wealth - Compare All Brokers
| Master Trust | Elite Wealth | |
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Master Trust Vs Elite Wealth - STT/CTT
| Master Trust | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.01% on sell trade (Non-Agri) | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on Sell |
| Equity Options | 0.05% only on sell | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both buy & Sell |
| Equity Futures | 0.01% only on sell | 0.01 % on Sell |
| Commodity Options | 0.05% on sell trade | 0.05% on Sell Side |
Master Trust Vs Elite Wealth - Demat transaction charges
| Master Trust | Elite Wealth | |
|---|---|---|
| Equity Demat Transaction Charges | No Charges | |
Master Trust Vs Elite Wealth - GST
| Master Trust | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
Master Trust Vs Elite Wealth - SEBI Charges
| Master Trust | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Master Trust Vs Elite Wealth - Account Opening & AMC Charges
Master Trust
Elite Wealth
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹100/-
₹0 (Free)
Demat Account AMC
₹300
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0
₹0 (Free)
Master Trust Vs Elite Wealth
| Master Trust | Elite Wealth | |
|---|---|---|
Master Trust Review | Brokerage Charges, Account OpeningMaster Trust is a discount brokerage firm that is a part of Master Trust Capital Services Ltd. This brokerage firm was incorporated in the year 1985. The Capital Services Limited is one of the leading financial firm company in India. |
Elite Wealth Review | Products and Trading Platforms |
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Elite Wealth
Master Trust Vs Elite Wealth - Brokerage charges & Plans
| Master Trust | Elite Wealth | |
|---|---|---|
| Commodity Futures | ₹20/ Order or 0.30% | 0.03% |
| Currency Futures | ₹20/ Order or 0.30% | 0.03% |
| Equity Delivery | ₹0/- or 0.30% | 0.33% |
| Equity Options | ₹75/ Lot | ₹33 per Lot |
| Commodity Options | ₹75/ Lot | 0.03% |
| Equity Futures | ₹20/ Order or 0.30% | 0.03% |
| Currency Options | ₹25/ Lot | ₹33 per Lot |
| Fixed Charges | ₹20/ Order | 0.03% |
| Equity Intraday | ₹20/Order or 0.03% | 0.03% |
Master Trust Vs Elite Wealth - Margin (Exposure)
| Master Trust | Elite Wealth | |
|---|---|---|
| Equity Options | 1x | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | Upto 16x CO/BO:- ( Upto 48x) | 5x (Up to 20% of trade value) |
| Currency Options | 2x | 1x (100% of Normal margin (Span + exposure)) |
| Commodity Options | 2x | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | 2x | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 20:20 Plan :- 1x | Standard Plan:- Upto 4.5x | My Plan:- Upto 4.5x | 1x (100% of trade value) |
| Currency Futures | 2x | 1x (100% of Normal margin (Span + exposure)) |
| Equity Futures | 2x | 1x (100% of Normal margin (Span + Exposure)) |
Master Trust Vs Elite Wealth - Other Charges
| Master Trust | Elite Wealth | |
|---|---|---|
| RMS Square Off Charge | N/A | ₹0 (Free) |
| API Charges | APIs are available free of cost. | ₹0 (Free) |
| Call & Trade Charges | N/A | ₹0 (Free) |
| Other Brokerage Charges | ₹20/Order or 0.03% | 0.03% |
| Minimum Brokerage | ₹20/ Order | 0.03% |
Master Trust Vs Elite Wealth - STT/CTT
| Master Trust | Elite Wealth | |
|---|---|---|
| Commodity Futures | 0.01% on sell trade (Non-Agri) | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on Sell |
| Equity Options | 0.05% only on sell | 0.05% on Sell (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both buy & Sell |
| Equity Futures | 0.01% only on sell | 0.01 % on Sell |
| Commodity Options | 0.05% on sell trade | 0.05% on Sell Side |
Master Trust Vs Elite Wealth - Demat transaction charges
| Master Trust | Elite Wealth | |
|---|---|---|
| Equity Demat Transaction Charges | No Charges | |
Master Trust Vs Elite Wealth - GST
| Master Trust | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge) |
Master Trust Vs Elite Wealth - SEBI Charges
| Master Trust | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Master Trust Vs Elite Wealth - Features
| Master Trust | Elite Wealth | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity & F&O:- 3:15 PM | Currency: 4:30PM | Commodities: 11:20 PM | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | Master Swift 2.0, Master Trust Mobile App, Master Marts | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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