Introduction:
These are two broker companies of share market. So many traders are experiencing different facilities and offerings with these organizations. A detailed comparison of SMC Global vs Master Trust can lead you to the better option.
Popular full-service broker SMC Global is a Delhi based broker incorporated in 1994. Being one of the oldest most share brokers of India, it has PAN-India presence with 61 branches, more than 2300 registered sub-brokers and uncountable customers.
Conversely, Master Trust (incorporated in 1994) is also a full-service broker with more than 500 branches all over India.
Highlights:
SMC Global:
- Exchange in NSE & BSE is offered.
- Call & trade facility & NRI trading facility exist.
- No presence of 3-in-1 account
- Special products are available at extra charge
- Supports their investor with a low bandwidth website to enable smooth trading experience using a slow internet connection.
Master Trust:
- Have the lowest brokerage charge.
- DEMAT account opening is free
- Doesn’t charge a minimum brokerage fee
- Don’t have a 3-in-1 account.
- Don’t have any brokerage plan
Comparative Study on Service:
We here have compared SMC Global & Master Trust based on the reviews ratings on their brokerage charge, trading platform, products & customer assistance.
| Rating out of 5 | SMC Global | Master Trust |
| Overall Rating | 3 out of 5 | 3 out of 5 |
| Brokerage Charges | 3 out of 5 | 3 out of 5 |
| Trading Platform | 3 out of 5 | 3 out of 5 |
| Investments Offering | 3 out of 5 | 3 out of 5 |
| Customer Service | 3 out of 5 | 3 out of 5 |
| Broker Type | Full-Service Broker | Full-Service Broker |
| SE Supported | NSE, BSE, MCX, NCDEX | NSE, BSE, MCX-SX, MCX, NCDEX |
Comparative Study on AOC & AMC:
Both SMC Global & Master Trust free DEMAT account opening & free trading AMC. The comparison is charted here below:
| Charges | SMC Global | Master Trust |
| Trading AOC | INR.1000 | INR.555 |
| Trading AMC | Free | Free |
| DEMAT AOC | Free | Free |
| DEMAT AMC | INR.300 PA | INR.300 PA |
| Provide DP Service | YES | YES |
Comparison Brokerage Plan:
Brokerage plans are also different for these two organizations. SMC Global & Master Trust both don’t have any brokerage plan offering.
| Plan Types | SMC Global | Master Trust |
| Multiple Plans | NO | NO |
| Monthly Plans | NO | NO |
| Yearly Plans | NO | NO |
Also Read: SMC Global Brokerage Calculator Online
SMC Global Vs Master Trust Brokerage Charge:
SMC Global & Master Trust offers a percentage based brokerage fee. Minimum brokerage is charged by SMC Global, whereas there is no minimum brokerage in Master Trust. Details as per the below table.
| Particulars | SMC Global | Master Trust |
| Plan Name | Standard Trading Plan (Percentage Based) | Basic Trading Plan (Percentage Based) |
| Equity Delivery | 0.3% or 30 paisa | 0.1% or 10 paisa |
| Equity Intraday | 0.03% or 3 paisa | 0.01% or 1 paisa |
| Equity Futures | 0.03% or 3 paisa | 0.01% or 1 paisa |
| Equity Options | INR.70 Per Lot | INR.10 Per Lot |
| Currency Futures | 0.03% or 3 paisa | 0.01% or 1 paisa |
| Currency Options | INR.20 Per Lot | INR.5 Per Lot |
| Commodity Trading | 0.03% or 3 paisa | 0.01% or 1 paisa |
| Minimum Brokerage | INR.25 per trade or 2.5% of the trade value whichever is lower | NIL |
| Hidden Charges | Info Not Available | Info Not Available |
| Funding | Yes – 18% interest PA | Info Not Available |
| Call & Trade Charges | Free | Info Not Available |
Also Read: Master Trust Brokerage Calculator Online
Comparative Study on Transaction Fee:
SMC Global & Master Trust shares the same transaction fee structure product-wise. Details are furnished below:
| Particulars | SMC Global | Master Trust |
| Equity Delivery | INR.325 Per Cr | INR.325 Per Cr |
| Equity Intraday | INR.325 Per Cr | INR.325 Per Cr |
| Equity Futures | INR.190 Per Cr | INR.190 Per Cr |
| Equity Options | INR.5000 Per Cr | INR.5000 Per Cr |
| Currency Futures | INR.110 Per Cr | INR.110 Per Cr |
| Currency Options | INR.4000 Per Cr | INR.4000 Per Cr |
| Commodity | Non-Agri: INR.260 Per Cr | Agri: INR.175 Per Cr | Non-Agri: INR.260 Per Cr | Agri: INR.175 Per Cr |
Comparative Study on Account Feature:
SMC Global & Master Trust offers different account features for the well being of investors. Based on those features, we have compared both the organizations as hereunder.
| Particulars | SMC Global | Master Trust |
| 3 in 1 Account facility | NO | NO |
| Charting facility | YES | YES |
| Algo Trading service | YES | YES |
| SMS Alerts service | YES | YES |
| Online Demo facility | YES | YES |
| Online Portfolio facility | YES | YES |
| Margin Trading Funding Available | YES | YES |
| Combined Ledger for Equity and Commodity | YES | NO |
| Intraday Square-off Time | 3:15 PM | 3:15 PM |
| NRI Trading facility | YES | YES |
Also Read: Smc Global Vs Ventura Securities Comparison
SMC Global Vs Master Trust Trading Platform:
Both SMC Global & Master Trust have trading platforms (online) for the convenience of the customer. In terms of the trading terminal offering we are comparing the brokers.
| Particulars | SMC Global | Master Trust |
| Desktop Trading Platform | ODIN Diet | OMNESYS NEST |
| Desktop Platform (Windows) | YES | YES |
| Desktop Platform (Mac) | NO | NO |
| Web Trading Platform | YES | YES |
| Web Trading Detail | trade.smcindiaonline.com/easytrade | direct.mastermarts.com |
| Mobile Site | YES | NO |
| Mobile Trading | YES | YES |
| Mobile Trading App | SMCEasyTrade | master mobile |
| Android Mobile App | YES | YES |
| iPhone Mobile App (IOS) | YES | NO |
| Android Tablet App | YES | YES |
| iPad App (IOS) | YES | NO |
| Trading Software Charges | Free | Info Not Available |
Compare Products Offering:
SMC Global & Master Trust ensures different products to attract new investors and also to retain existing investors. Based on their product offering we have compared both the brokers as below:
| Particulars | SMC Global | Master Trust |
| Equity Cash and F&O | YES | YES |
| Currency Derivatives | YES | YES |
| Commodity | YES | YES |
| Online IPO Application | NO | NO |
| Mutual Funds | YES | YES |
| Bond / NCD | YES | YES |
| ETF | YES | YES |
| Banking | NO | NO |
| Insurance | YES | YES |
| Forex | NO | NO |
| MF SIP Investment | YES | YES |
| Equity SIP Investment | NO | NO |
| PMS Service | YES | NO |
| Other Investment Options | Insurance | Mutual Funds and Insurance |
SMC Global Vs Master Trust Leverage/Margin
Leverage rate also matters for your trading revenue. Considering the leverage we have compared SMC Global & Master Trust as below:
| Particulars | SMC Global | Master Trust |
| Equity Delivery Margin | Maximum 3x leverage for equity delivery – through Margin Funding system. | Info Not Available |
| Equity Intraday Margin | Maximum 10x or 10% subject to Variable and ELM. | Maximum 10x or 10% subject to Variable and ELM. |
| Futures Margin | 1x or the particular SPAN + leverage. | 1x or the particular SPAN + leverage. |
| Options Margin | 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. | 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. |
| Equity CO Margin | Maximum 10x or 10% subject to Variable and ELM, no further leverage charges are included for Cover Order. | Maximum 10x or 10% subject to Variable and ELM, no further leverage charges are included for Cover Order. |
| Futures CO Margin | 1x or the particular SPAN + Exposure margin, No further leverage charges are included for Futures Cover Order. | 1x or the particular SPAN + Exposure margin, No further leverage charges are included for Futures Cover Order. |
| Options CO Margin | 1x or the particular SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), No further leverage charges are included for Options Cover Order. | 1x or the particular SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), No further leverage charges are included for Options Cover Order. |
| Commodity Margin | 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. | 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. |
Comparative Study on Customer Assistance:
SMC Global & Master Trust has a very dedicated customer support team. Also, they provide various channels to assist their customers. Based on the customer supportiveness we compared both the broker as below:
| Particulars | SMC Global | Master Trust |
| 24/7 Customer Service | NO | NO |
| Email Support | YES | YES |
| Online Live Chat | NO | YES |
| Phone Support | YES | YES |
| Toll-Free Number | YES | YES |
| Through Branches | YES | YES |
| Customer Care Number | 91-11-66075200 | Info Not Available |
| Account Opening Process | Online/Paperless | Info Not Available |
| Customer Support Email | [email protected] | Info Not Available |
| Knowledge Centre/Education | https://www.smctradeonline.com/research/new-letters | Info Not Available |
| Head Office Address | SMC Global Securities Ltd 11/6B, Shanti Chamber Pusa Road, New Delhi – 110005 | Info Not Available |
| Website | https://www.smctradeonline.com | Info Not Available |
Comparative Study on DEMAT Account Feature:
SMC Global & Master Trust offers DEMAT Account facility. Considering their DEMAT account offering we here have compared the brokers as below:
| Particulars | SMC Global | Master Trust |
| DP Source | CDSL | CDSL |
| DP ID | 19100 | No |
| DEMAT AMC | INR.250 pa | INR.5300 pa (Second Year Onwards) |
| Advance Deposit | AMC will be charged in advance. | 2500 Rupees for Scheme 555 Rupees for Scheme LF (For Individuals only) for Lime time AMC Free. 800 Rupees for scheme 800 |
| Statutory charges | Stamp Paper Charges | Nil |
| Transaction Charges on Debit (Per ISIN) | INR.12 | INR.50 |
| DEMAT | INR.3 per certificate + courier charges | INR.3 per certificate + INR.20 per request |
| REMAT | INR.20 for every hundred securities + courier charges | INR.20 for every hundred securities or INR.20 per certificate (whichever is higher) |
| Pledge Creation | INR.50 per instruction | INR.50 |
| Pledge Creation Confirmation | INR.50 per instruction | Nil |
| Pledge Closure | INR.25 per instruction | INR.25 |
| Pledge Closure Confirmation | INR.25 per instruction | Nil |
| Pledge Invocation | INR.25 per instruction | INR.25 |
| Failed Instruction Charges | INR.20 | INR.20 |
| Other Charges | Nil | Nil |
Conclusion:
Finally, from the aforesaid methodical study of SMC Global vs Master Trust, we can derive that both SMC Global & Master Trust offers numerous investment prospects to the traders. But it’s important to keep in mind that an investor should not only count the rating stars before investing. He should go through every detail before making the decision.
