mastertrust Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

mastertrust Account Types Explained

Mastertrust offers a variety of account types tailored to meet the diverse needs of traders. Below is an overview of the available account types, including their key features, minimum deposit requirements, and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission may apply.
• Leverage Options: Up to 1:50
• Key Features: Access to all trading instruments, educational resources, and customer support.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex, commodities, stocks, and indices.

2. ECN Account

• Minimum Deposit Requirement: ₹10,000
• Spread/Commission Structure: Tight spreads starting from 0.1 pips; commission of ₹20 per lot.
• Leverage Options: Up to 1:100
• Key Features: Direct market access, faster execution, and lower spreads.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: ₹25,000
• Spread/Commission Structure: Variable spreads starting from 0.2 pips; lower commission rates.
• Leverage Options: Up to 1:200
• Key Features: Advanced trading tools, professional support, and higher leverage.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and options.

4. Islamic Account

• Minimum Deposit Requirement: ₹5,000
• Spread/Commission Structure: Similar to Standard Account but swap-free.
• Leverage Options: Up to 1:50
• Key Features: No overnight interest fees, compliant with Sharia law.
• Target User Profile: Muslim traders seeking compliance with Islamic finance principles.
• Trading Instruments Available: Forex, commodities, and indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of ₹1,000,000.
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:50
• Key Features: Risk-free trading environment, access to all trading instruments.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: Forex, commodities, stocks, and indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: Standard Account, ECN Account
• Advanced: Pro Account, ECN Account

Detailed mastertrust Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• Suitable for beginners.

• Access to educational resources.

• ECN Account:

• Tight spreads and low commissions.

• Direct market access.

• Ideal for scalping strategies.

• Pro Account:

• Higher leverage options.

• Professional trading tools.

• Lower commission rates.

• Islamic Account:

• Compliant with Sharia law.

• No overnight interest fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Unlimited virtual balance.

• Great for practice and strategy testing.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced trading features.

• ECN Account:

• Higher minimum deposit.

• Commission fees may apply.

• Pro Account:

• High minimum deposit requirement.

• More complex trading tools may overwhelm beginners.

• Islamic Account:

• Limited to specific trading instruments.

• May not be available in all regions.

• Demo Account:

• Virtual funds may not reflect real market conditions.

• Limited duration for practice.

mastertrust Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of India and select countries.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.

Identity Verification Documents Needed

• Proof of Identity: PAN card and Aadhar card.
• Proof of Residence: Recent utility bill or bank statement.
• Income Proof: Required for F&O/Currency Derivatives & Commodity Derivatives segments.
• Photographs: Recent passport-sized photographs.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification of documents is mandatory for account approval.

Verification Time Frames

• Account verification typically takes up to 24 hours after document submission.

Step-by-Step mastertrust Account Opening Guide

1. Visit Website: Go to the official mastertrust website.
2. Click Registration: Click on the “Open Demat Account” button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences and risk appetite.
6. Document Upload: Upload the required KYC documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account to start trading.
9. Start Trading: Log in to your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile may require additional authentication via OTP.

Common Registration Issues and Solutions

• Issue: Document rejection.

• Solution: Ensure documents are clear and meet the specified requirements.

• Issue: Delayed verification.

• Solution: Contact customer support for status updates.

Average Account Approval Time

• Typically, accounts are approved within 24 hours of document submission.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

mastertrust Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to all trading instruments available in live accounts.

How to Open a Demo Account

• Visit the mastertrust website and select the option to open a demo account.
• Fill in the required details and submit.

Demo Account Limitations

• Limited to virtual trading with no real funds.
• May have a time limit for usage.

Virtual Balance Amount

• Typically offers a virtual balance of ₹1,000,000 for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after a specified period, often 30 days.

mastertrust Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, mastertrust offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a Muslim trader seeking a swap-free trading option.

Differences from Standard Accounts

• Islamic accounts do not incur overnight interest fees.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• May have limitations on specific trading instruments.

FAQs – mastertrust Account Types & Opening

1. What account types does mastertrust offer？

• Mastertrust offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: ₹5,000; ECN: ₹10,000; Pro: ₹25,000; Islamic: ₹5,000; Demo: ₹1,000,000 (virtual).

1. How long does mastertrust account verification take？

• Account verification typically takes up to 24 hours.

1. Does mastertrust offer demo accounts？

• Yes, mastertrust provides demo accounts for practice trading.

1. Can I have multiple account types with mastertrust？

• Yes, you can open multiple account types based on your trading needs.

1. Does mastertrust offer Islamic/swap-free accounts？

• Yes, mastertrust provides Islamic accounts that comply with Sharia law.

1. What documents do I need to open a mastertrust account？

• PAN card, Aadhar card, proof of residence, income proof, and photographs.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.