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Fyers Vs MasterTrust: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Fyers Max Rs 20 per trade while the brokerage of MasterTrust ranges between 0.01 to .1%. Fyers is a Discount Broker where MasterTrust is a Full Service Broker. Fyers is having overall higher rating compare to MasterTrust. Fyers is rated 4 out of 5 where MasterTrust is rated only 3 out of 5. Number of active customer for Fyers is 2,19,169 where number of active customer for MasterTrust is 59,711. Fyers is serving more customer compare to MasterTrust.

Here we present side-by-side comparison of Fyers vs MasterTrust share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Fyers vs MasterTrust's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Fyers vs MasterTrust share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Fyers vs MasterTrust's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Fyers vs MasterTrust on Service

  Fyers Compare
Fyers
MasterTrust Compare
MasterTrust
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 2,19,169 59,711
Broker Overview Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i... Know more about Fyers mastertrust offers online investors the wide variety of tools and services they need to succeed, and for investors seeking guidance, mastertrust's massive branch office network, which offers reliable and personable relationships, help the broker to ...Know more about MasterTrust
Broker Enquiry Request call back from Fyers Request call back from Zerodha
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Account Opening Charges and AMC

Compare Fyers vs MasterTrust on Trading & Demat Account Opening Charges

Comparison of Fyers with MasterTrust on trading & demat account opening charges and AMC. Trading account opening charges - Fyers offer Free account opening where MasterTrust charges Rs 555 for account opening. Demat AMC charges - Fyers offer Free AMC for Demat account where MasterTrust charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Fyers with MasterTrust
Charges Fyers MasterTrust
Trading Account Opening Fees Free Rs 555
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Fyers vs MasterTrust on Plan Options

Plans are the most important feature you look when compare Fyers with MasterTrust. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Fyers with MasterTrust on Plan Options
Plan Types Fyers MasterTrust
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Fyers Zerodha
Account Opening Request
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Brokerage Charges

Compare Fyers vs MasterTrust on Brokerage Charges

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

MasterTrust Brokerage Plan detail - This plan is very competitive with �other full brokers in industry where .01% for Equity intraday and future and .1% foe delivery.

Brokerage Charges - Compare Fyers with MasterTrust
Brokerage Charges Compare Fyers MasterTrust
Plan Name Max Rs 20 Per Order Trading Plan Basic Trading Plan (Percentage Based)
Equity Delivery Free 0.1% or 10 paisa
Equity Intraday 0.03% or Rs 20 whichever is lower 0.01% or 1 paisa
Equity Futures 0.03% or Rs 20 whichever is lower 0.01% or 1 paisa
Equity Options Flat Fee Rs 20 Rs 10 Per Lot
Currency Futures 0.03% or Rs 20 whichever is lower 0.01% or 1 paisa
Currency Options Flat Fee Rs 20 Rs 5 Per Lot
Commodity Trading Flat Fee Rs 20 0.01% or 1 paisa
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding No Info Not Available
Call & Trade Charges Rs 50 Per Order NA
Auto Square off Charges Rs 50 Per Order NA
Brokerage Calculator Brokerage Calculator for Fyers Brokerage Calculator for MasterTrust
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Share Broker's Transaction Charges

Compare Fyers vs MasterTrust on Transaction Charges

Compare Fyers with MasterTrust on transaction charges and PCM fee by segment.

Transaction Charges - Compare Fyers with MasterTrust
Transaction Charges Compare Fyers MasterTrust
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for fyers Complete Brokerage Plans for mastertrust
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Account Features

Compare Fyers vs MasterTrust on Account Features

Compare Fyers with MasterTrust on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - MasterTrust offers a margin funding where Fyers doesn't offers margin funding. NRI Trading - MasterTrust offers NRI where Fyers doesn't offers NRI Trading.

Account Features - Fyers with MasterTrust
Account Features Compare Fyers MasterTrust
3 in 1 Account No Fyers have 2-in-1 account. Only Demate and Trading account. No Fyers have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15 PM 3:15PM
NRI Trading No Yes
Other Features Fyers 30 Day Challenge NIL
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Trading Platform

Compare Fyers vs MasterTrust on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Fyers and MasterTrust. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Fyers with MasterTrust
Trading Platform Compare Fyers MasterTrust
Desktop Trading Platform Fyers One OMNESYS NEST
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail Fyers Web http://direct.mastermarts.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No No
Mobile Trading Yes Yes
Mobile Trading App Fyers 2.0 Mobile App mastermobile
Mobile Trading App Demo Fyers 2.0 Mobile App Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Fyers 2.0 Mobile App Download Andriod mastermobile Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Fyers 2.0 Mobile App Download iOS mastermobile Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Fyers Equity Intraday and Delivery Brokerage Calculator for MasterTrust
Futures Brokerage Calculator Futures Brokerage Calculator for Fyers Futures Brokerage Calculator for MasterTrust
Options Brokerage Calculator Options Brokerage Calculator for Fyers Options Brokerage Calculator for MasterTrust
Detail Detail on Trading Platforms for fyers Detail on Trading Platforms for mastertrust

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Broker Ratings by Users

Compare Fyers vs MasterTrust on User Rating

  Fyers MasterTrust
  10 Customer Reviews    Rate Fyers 2 Customer Reviews    Rate MasterTrust
Fees Ratings 3.5 2.0
Trading Brokerage Rating 3.6 3.0
Trading Platform Usability 3.6 2.0
Customer Service Ratings 3.4 1.5
Overall Ratings 3.2 1.5
Broker Rating Fyers is Rated 3.2 / 5 based on 10 customer reviews MasterTrust is Rated 1.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare Fyers vs MasterTrust on Investment Offerings

Compare Fyers with MasterTrust on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Fyers with MasterTrust
Investment Offerings Compare Fyers MasterTrust
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No No
Insurance No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL Mutual Funds and Insurance
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Order Types

Compare Fyers vs MasterTrust on Order Types

Order Type - Compare Fyers with MasterTrust on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Fyers provide Cover Orders (CO) where MasterTrust doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Fyers provide Bracket Orders (BO) where MasterTrust doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Fyers offers Good Till Cancelled (GTC) orders where MasterTrust doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Fyers with MasterTrust
Order Type Compare Fyers MasterTrust
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare Fyers vs MasterTrust on Customer Service

Compare Fyers with MasterTrust on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Fyers with MasterTrust
Customer Service Compare Fyers MasterTrust
24/7 Customer Service Fyers vs MasterTrust - 24x7 customer support No No
Email Support Fyers vs MasterTrust - Email Support Yes Yes
Onine Live Chat Fyers vs MasterTrust - Onine Live Chat No Yes
Phone Support Fyers vs MasterTrust - Phone Support Yes Yes
Toll Free Number Fyers vs MasterTrust - Toll Free Number No Yes
Through Branches Fyers vs MasterTrust - Through Branches No Yes
Customer Care Number Fyers vs MasterTrust - Customer Care Number 08060001111 Info Not Available
Account Opening Process Fyers vs MasterTrust - Account Opening Process 100% online and paperless proc Info Not Available
Customer Support Email Fyers vs MasterTrust - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Fyers vs MasterTrust - Knowledge Center/Education https://fyers.in/school-of-stocks/ Info Not Available
Head Office Address Fyers vs MasterTrust - Head Office Address/Corporate Address Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Info Not Available
Website Fyers vs MasterTrust - Company Website https://fyers.in/ Info Not Available
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Tips/Research/Reports Published

Compare Fyers vs MasterTrust on Research Reports, Tips

Compare Fyers with MasterTrust on research reports and tips provided by the broker.

Research Reports - Compare Fyers with MasterTrust
  Fyers MasterTrust
Research Mutual Funds Fyers vs MasterTrust - Research Mutual Funds No Yes
Research Equity Reports Fyers vs MasterTrust - Research Equity Reports No Yes
Research ETF Fyers vs MasterTrust - Research ETF No Yes
Daily Market Report Fyers vs MasterTrust - Daily Market Report No Yes
Free Tips Fyers vs MasterTrust - Free Tips No Yes
Quarterly Result Analysis Fyers vs MasterTrust - Quarterly Results No Yes
News Alerts Fyers vs MasterTrust - Yes Yes
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Demat Account

Compare Fyers vs MasterTrust on Demat Account

Compare Fyers with MasterTrust on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Fyers is Free where for MasterTrust is ₹300 pa (Second Year Onwards). Fyers is a better choice in terms of Demat AMC compare to MasterTrust.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Fyers is ₹7 + ₹5.50 (CDSL Charges) per transaction where for MasterTrust is ₹50.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Fyers with MasterTrust
  Fyers MasterTrust
DP Source CDSL CDSL
DP ID Fyers vs MasterTrust - DP ID 432-2019 No
Demat Account Annual Maintenance Charges(AMC) Free ₹300 pa (Second Year Onwards)
Advance Deposit Nil Rs. 2500/- for Scheme A Rs. 555/- for Scheme LF (For Individuals ony) for Lime time AMC Free. Rs. 800/- for scheme 800
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹7 + ₹5.50 (CDSL Charges) per transaction ₹50
Demat ₹0 ₹3 per certificate + ₹20 per request
Remat ₹0 ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation Nil ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil ₹25
Pledge Closure Confirmation Nil Nil
Pledge Invocation Nil ₹25
Failed Instruction Charges Nil ₹20
Other Charges Stamp Charges ₹50, Nil
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Special Offers,Advantages,Disadvantages

Compare Fyers vs MasterTrust on Special Offers and Promotion

Compare Fyers with MasterTrust on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Fyers vs MasterTrust on Special Offers and Promotion
  Fyers MasterTrust
Pay In and Pay Out Options Fyers vs MasterTrust - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web.
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Fyers vs MasterTrust - Payout Time Up to 24 Hrs except for Bank Holidays. Info Not Available
Bank Supported and Charges Fyers vs MasterTrust - Bank Supported and Charges 24+ banks connected via payment gateway, Free pay in and Free Pay Out. Info Not Available
Bank Detail Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
Info Not Available
Likes
  • Trade on BSE, NSE, and MCX
  • Free stocks and mutual funds investment
  • Rs 20 fixed brokerage on all segments
  • Invest in IPOs, OFS, SGBs, G-secs, and T-bills
  • Cheapest Rs 50/order brokerage on NRI trading
  • User-friendly mobile app and website for investors
  • Fyers Next and Fyers One high-speed trading terminal for traders
  • Fyers Thematic Investing: Invest in expert curated basket of stocks.
  • Start Algo trading Access with Fyers API for free
  • Bracket order, cover order, GTT, AMO, basket order
  • Fyers School of Stocks, a free stock market learning platform.
  • Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc.

Detail Review...

Detail Review...

Dislikes
  • No unlimited zero brokerage monthly plans
  • No 3-in-1 account offering
  • No mutual fund investment app
  • Research reports are not offered free

Detail Review...

Brokerage not displayed online, Not a 3 in 1 account, high transaction charges.

Detail Review...

Special Offers/Promo
Enquiry Open Fyers Account Now>> Open Zerodha Account Now>>

Last Updated on 2024-01-08T01:50:46+00:00