Master Trust Capital vs Upstox – Compare Charges, Trading Features, Offers & more

Find a Comparison of Master Trust Capital vs Upstox here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Master Trust Capital and Upstox.

Background

Year of Incorporation 1985 2010
Website https://www.mastertrust.co.in/ https://upstox.com/
Phone 161-3911500 022-41792999
Exchanges enabled NSE, BSE, MCX-SX, MCX, & NCDEX NSE, BSE & MCX
Demat (NSDL/CDSL) NSDL, CDSL CDSL
Brokerage

Equity 0.01% for Intraday, 0.1% for Delivery Rs 20 or 0.05% on Intraday & Rs 20 or 2.5% on Delivery
Equity Futures 0.01% of Turnover Rs 20 or 0.05% per executed order
Equity Options Rs 10/lot Rs 20 or 0.05% per executed order
Currency Futures 0.005% of Turnover Rs 20 or 0.05% per executed order
Currency Options Rs 5/lot Rs. 20 per lot
Commodity 0.007% of Turnover Rs 20 per executed order
Account Opening Costs

Trading only Rs 555 Free
Trading & Demat Rs 555 Zero
Commodity Rs 555 Zero
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.0045% of Turnover 0.0035% on Turnover
Futures 0.0045% of Turnover 0.0021% on Turnover
Options 0.08% of Turnover 0.059% on Premium Turnover
Commodities 0.035% of Turnover 0.0036% on Turnover
AMC charge Rs 400/year Zero
DP Transaction Charge Rs 14/debit instruction Rs 18.5 per debit transaction
Offline order placing Charge NIL Rs 25 per order placed on the phone
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days on NEST 22 days
End of Day 10 years on NEST 10 years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 18 times for Intraday, Upto 3 times for Delivery - Upto 5x on Intraday and Upto 1x on Delivery
Equity Futures Upto 5x for Intraday Upto 4x for intraday
Equity Options Buying no leverage, Upto 3x for shorting Intraday Buying no leverage, shorting upto 4x for intraday
Currency Futures Upto 5x for Intraday Upto 4x for intraday
Currency Options Buying no leverage, Upto 3x for shorting Intraday Buying no leverage, shorting upto 4x for intraday
Commodity Upto 5x for Intraday Upto 3x for intraday
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 7.61 Crores Rs 16 Lakhs
Profit after Tax FY12/13 Rs 10.48 Crores Rs 24 lakhs
Profit after Tax FY13/14 Rs 10.13 Crores Rs 68 Lakhs
Profit after Tax FY 14/15 Rs 12.41 Crores Rs 71 Lakhs
Profit after Tax FY 15/16 Rs 11.56 Crores Rs 73 Lakhs
Profit after Tax FY 16/17 Rs 13.49 Crores Rs 77 Lakhs
Profit after Tax FY 17/18 Rs 12.70 Crores Rs 86 Lakhs
Profit after Tax FY 18/19 Rs 16.64 Crores Rs 92 Lakhs
Profit after Tax FY 19/20 Rs 15.61 Crores Rs 97 Lakhs
Profit after Tax FY 20/21 Rs 15.49 Crores Rs 105 Crores
Profit after Tax FY 21/22 Rs 16.85 Crores Rs 118 Crores
Profit after Tax FY 22/23 Rs 19.18 Crores Rs 125 Crores
Debt FY11/12 Rs 51.0 Crores 0
Debt FY12/13 Rs 41.5 Crores 0
Debt FY13/14 Rs 44.00 Crores Rs 1.38 Crores
Debt FY14/15 Rs 54.81 Crores Rs 1.77 Crores
Debt FY15/16 Rs 56.89 Crores Rs 2.13 Crores
Debt FY16/17 Rs 34.85 Crores Rs 2.44 Crores
Debt FY17/18 Rs 52.16 Crores Rs 2.87 Crores
Debt FY18/19 Rs 45.95 Crores Rs 3.11 Crores
Debt FY19/20 Rs 62.92 Crores Rs 3.56 Crores
Debt FY20/21 Rs 46.92 Crores Rs 3.91 Crores
Debt FY21/22 Rs 55.75 Crores Rs 4.18 Crores
Debt FY22/23 Rs 67.11 Crores Rs 4.40 Crores
Profit to Equity(%) FY11/12 6.30 3.48%
Profit to Equity(%) FY12/13 10.03 5.10%
Profit to Equity(%) FY13/14 7.76 13.73%
Profit to Equity(%) FY14/15 12.83 15.70%
Profit to Equity(%) FY15/16 11.65 16.22%
Profit to Equity(%) FY16/17 12.94 16.87%
Profit to Equity(%) FY17/18 12.99 17.42%
Profit to Equity(%) FY18/19 14.12 17.99%
Profit to Equity(%) FY19/20 16.71 18.54%
Profit to Equity(%) FY20/21 17.71 19.01%
Profit to Equity(%) FY21/22 15.14 21.58%
Profit to Equity(%) FY22/23 18.82 22.15%
Balance Sheet Size FY11/12 Rs 16.98 Crores Rs 216.23 Crores
Balance Sheet Size FY12/13 Rs 22.87 Crores Rs 225.10 Crores
Balance Sheet Size FY13/14 Rs 29.16 Crores Rs 232.97 Crores
Balance Sheet Size FY14/15 Rs 25.91 Crores Rs 248.78 Crores
Balance Sheet Size FY15/16 Rs 32.59 Crores Rs 349.94 Crores
Balance Sheet Size FY16/17 Rs 27.72 Crores Rs 450.25 Crores
Balance Sheet Size FY17/18 Rs 37.38 Crores Rs 458.87 Crores
Balance Sheet Size FY18/19 Rs 37.96 Crores Rs 563.55 Crores
Balance Sheet Size FY19/20 Rs 28.22 Crores Rs 575.90 Crores
Balance Sheet Size FY20/21 Rs 30.17 Crores Rs 589.52 Crores
Balance Sheet Size FY21/22 Rs 30.94 Crores Rs 605.55 Crores
Balance Sheet Size FY22/23 Rs 43.96 Crores Rs 616.10 Crores

Comparison Link:

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Frequently Asked Questions

Is Master Trust Capital better than Upstox ?

Master Trust Capital and Upstox are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Upstox better than Master Trust Capital ?

Master Trust Capital and Upstox are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Master Trust Capital cheaper than Upstox ?

Master Trust Capital and Upstox are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Upstox cheaper than Master Trust Capital ?

Master Trust Capital and Upstox are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Master Trust Capital vs. Upstox ?

To find out the better of the two stockbrokers Master Trust Capital and Upstox, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.