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Product Details
Brokerage and Fees
  • Brokerage Charge For Normal Trading: (Normal trading is non-intraday trading where the buyer takes delivery of the stocks): INR 0.

  • Brokerage Charge For Intraday Trading: INR 20 per order.

  • Brokerage Charge For Options Trading: INR 20 per order.

  • Brokerage Charge For Futures Trading: INR 20 per order.

  • Account Opening Charges: INR 100. 

  • Annual Maintenance Charge: INR 300 per annum.

  • Payment Gateway Charges Netbanking: INR 0

  • Payment Gateway Charges UPI: INR 0

  • Overdue Interest Charges: 1.5% per month on the delayed amount. 

  • Monthly Platform Fee: INR 0

  • Digital KYC Charges: INR 0

  • Physical Settlement Charges: INR 25 per contract note.  

  • Call & Trade Order: Free.

Account Opening Fees

INR 100

Any individual/ NRI/ corporate
Annual Fees

INR 300

Master Trust 20:20 Plan
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Special Features

Flat fee of INR 20 for intraday,  F&O and INR 0 brokerage for normal trading. 

  • No research reports.

  • Limited physical presence. 

  • Flat fee. 

  • Zero brokerage for normal trading. 

  • Clean and simple interface. 

Pros and Cons
How to Apply?

Mastertrust offers two main methods for opening an account in India: online and offline. Here's a breakdown of both processes:

Online Account Opening:

  1. Visit Mastertrust Website: Go to the Mastertrust website (

  2. Open Account Section: Look for a section or button labeled "Open Account," "Start Trading," or similar wording.

  3. Choose Account Type: Mastertrust offers different account types like trading account, demat account, or a combination of both. Choose the account type that suits your needs.

  4. Fill Out Online Form:  Provide your personal information like PAN number, Aadhaar card details, mobile number, and email address.

  5. Document Upload: Upload scanned copies of the documents required by Mastertrust.  These typically include:PAN Card
    Aadhaar Card (or other valid address proof)
    Bank statement (latest)
    Income proof (may vary depending on account type)

  6. eKYC Verification:  Mastertrust offers online eKYC verification for eligible individuals. This might involve a webcam verification or document upload for identity confirmation.

  7. Account Activation: Once you submit the application and documents, your account will be reviewed and activated within a specified timeframe (usually mentioned on their website or during the process).

Offline Account Opening:

While Mastertrust promotes online account opening, they might also offer an offline method. Here's what you can do:

  • Contact Mastertrust Support: Reach out to their customer support team and inquire about the possibility of opening an account offline. They might provide a downloadable form or guide you through the process.

  • Visit Mastertrust Branch (if applicable): If Mastertrust has physical branches in your area, you might be able to visit one to initiate the account opening process.

Documents Required
Aadhaar and PAN for online account opening.
Account Opening and Procedures
Master Trust

Master Trust is a discount brokerage company, Master Trust is a good option for traders who are looking for a low-cost broker with a wide range of products and services. However, their high margins and limited research may not be suitable for all investors. The customer support is also very poor.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

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