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Zerodha 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 Zerodha Max Rs 20 per trade while the brokerage of MasterTrust ranges between 0.01 to .1%. Zerodha is a Discount Broker where MasterTrust is a Full Service Broker. Zerodha is having overall higher rating compare to MasterTrust. Zerodha is rated 4.5 out of 5 where MasterTrust is rated only 3 out of 5. Number of active customer for Zerodha is 72,23,525 where number of active customer for MasterTrust is 59,711. Zerodha is serving more customer compare to MasterTrust.

Here we present side-by-side comparison of Zerodha 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 Zerodha 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 Zerodha 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 Zerodha 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 Zerodha vs MasterTrust on Service

  Zerodha Compare
Zerodha
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? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 72,23,525 59,711
Broker Overview Zerodha is India's number 1 discount broker offering free equity and mutual fund investment, Rs 20 flat brokerage trading, and user-friendly Kite trading platform. 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 Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Zerodha vs MasterTrust on Trading & Demat Account Opening Charges

Comparison of Zerodha with MasterTrust on trading & demat account opening charges and AMC. Trading account opening charges - Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opening where MasterTrust charges Rs 555 for account opening. Demat AMC charges - Both broker charge Rs 300 PA AMC for Demat Account.

Trading & Demat Account Opening Charges - Compare Zerodha with MasterTrust
Charges Zerodha MasterTrust
Trading Account Opening Fees Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) Rs 555
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 PA Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Zerodha vs MasterTrust on Plan Options

Plans are the most important feature you look when compare Zerodha 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 Zerodha with MasterTrust on Plan Options
Plan Types Zerodha MasterTrust
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Zerodha vs MasterTrust on Brokerage Charges

Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

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 Zerodha with MasterTrust
Brokerage Charges Compare Zerodha 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 Info Not Available Info Not Available
Call & Trade Charges Rs 50 Per Executable Order NA
Auto Square off Charges Rs 50 Per Executable Order NA
Brokerage Calculator Brokerage Calculator for Zerodha Brokerage Calculator for MasterTrust
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Share Broker's Transaction Charges

Compare Zerodha vs MasterTrust on Transaction Charges

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

Transaction Charges - Compare Zerodha with MasterTrust
Transaction Charges Compare Zerodha 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 Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for zerodha Complete Brokerage Plans for mastertrust
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Account Features

Compare Zerodha vs MasterTrust on Account Features

Compare Zerodha with MasterTrust on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Zerodha offers 3-in-1 account where MasterTrust offers only 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 Zerodha doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Zerodha with MasterTrust
Account Features Compare Zerodha MasterTrust
3 in 1 Account Yes, Zerodha have 3-in-1 accounts. Bank Account, Demat and Trading account. No Zerodha 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 Yes Yes
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:10 PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Zerodha vs MasterTrust on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Zerodha 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 Zerodha with MasterTrust
Trading Platform Compare Zerodha MasterTrust
Desktop Trading Platform Kite By Zerodha OMNESYS NEST
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail http://direct.mastermarts.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App Zerodha Kite mastermobile
Mobile Trading App Demo Zerodha Kite Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Zerodha Kite Download Andriod mastermobile Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Zerodha Kite 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 Zerodha Equity Intraday and Delivery Brokerage Calculator for MasterTrust
Futures Brokerage Calculator Futures Brokerage Calculator for Zerodha Futures Brokerage Calculator for MasterTrust
Options Brokerage Calculator Options Brokerage Calculator for Zerodha Options Brokerage Calculator for MasterTrust
Detail Detail on Trading Platforms for zerodha Detail on Trading Platforms for mastertrust

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Broker Ratings by Users

Compare Zerodha vs MasterTrust on User Rating

  Zerodha MasterTrust
  160 Customer Reviews    Rate Zerodha 2 Customer Reviews    Rate MasterTrust
Fees Ratings 4.0 2.0
Trading Brokerage Rating 4.4 3.0
Trading Platform Usability 3.7 2.0
Customer Service Ratings 3.8 1.5
Overall Ratings 3.9 1.5
Broker Rating Zerodha is Rated 3.9 / 5 based on 160 customer reviews MasterTrust is Rated 1.5 / 5 based on 2 customer reviews
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Investment Offerings

Compare Zerodha vs MasterTrust on Investment Offerings

Compare Zerodha 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 Zerodha with MasterTrust
Investment Offerings Compare Zerodha 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 Yes 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 Zerodha vs MasterTrust on Order Types

Order Type - Compare Zerodha 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) - Zerodha 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) - Both broker don't have Bracket Orders (BO).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- Zerodha offers Good Till Cancelled (GTC) orders where MasterTrust doesn't support Good Till Cancelled (GTC) orders.

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

Compare Zerodha vs MasterTrust on Customer Service

Compare Zerodha 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 Zerodha with MasterTrust
Customer Service Compare Zerodha MasterTrust
24/7 Customer Service Zerodha vs MasterTrust - 24x7 customer support No No
Email Support Zerodha vs MasterTrust - Email Support Yes Yes
Onine Live Chat Zerodha vs MasterTrust - Onine Live Chat No Yes
Phone Support Zerodha vs MasterTrust - Phone Support Yes Yes
Toll Free Number Zerodha vs MasterTrust - Toll Free Number No Yes
Through Branches Zerodha vs MasterTrust - Through Branches Yes Yes
Customer Care Number Zerodha vs MasterTrust - Customer Care Number "+ 91 80 4040 2020" Info Not Available
Account Opening Process Zerodha vs MasterTrust - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Zerodha vs MasterTrust - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Zerodha vs MasterTrust - Knowledge Center/Education https://zerodha.com/varsity/ Info Not Available
Head Office Address Zerodha vs MasterTrust - Head Office Address/Corporate Address Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
Info Not Available
Website Zerodha vs MasterTrust - Company Website https://zerodha.com/ Info Not Available
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Tips/Research/Reports Published

Compare Zerodha vs MasterTrust on Research Reports, Tips

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

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

Compare Zerodha vs MasterTrust on Demat Account

Compare Zerodha 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 MasterTrust is ₹300 pa (Second Year Onwards) where for Zerodha is ₹300 pa.

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 Zerodha is ₹8 + ₹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 Zerodha with MasterTrust
  Zerodha MasterTrust
DP Source CDSL CDSL
DP ID Zerodha vs MasterTrust - DP ID 81600 No
Demat Account Annual Maintenance Charges(AMC) ₹300 pa ₹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 ₹50 Nil
Transaction Charges on Debit (Per ISIN) ₹8 + ₹5.50 (CDSL Charges) per transaction ₹50
Demat ₹150 per certificate + ₹100 courier charges ₹3 per certificate + ₹20 per request
Remat ₹150 per certificate + ₹100 courier charges + CDSL Charges ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation ₹20 + ₹12 CSDL charges ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹20 + ₹12 CSDL charges ₹25
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹20 ₹25
Failed Instruction Charges ₹50 per instraction ₹20
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Zerodha vs MasterTrust on Special Offers and Promotion

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

Compare Zerodha vs MasterTrust on Special Offers and Promotion
  Zerodha MasterTrust
Pay In and Pay Out Options Zerodha vs MasterTrust - Pay In and Pay Out Options pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Zerodha vs MasterTrust - Payout Time Max 24 hrs except for bank holidays Info Not Available
Bank Supported and Charges Zerodha vs MasterTrust - Bank Supported and Charges Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI). Info Not Available
Bank Detail HDFC Bank
Account#ZERNSE
Branch: Sandoz Branch, Mumbai
IFSC Code:HDFC0000240
Info Not Available
Likes

You will enjoy many benefits or advantages while trading with Zerodha;

  • Rs 0 brokerage on investment in stocks
  • Flat Rs 20 intraday and F&O trades
  • Invest in direct mutual funds for free
  • Instant and paperless account opening and closure
  • Mainboard and SME IPO Apply via UPI
  • Modern platforms and apps for free of cost
  • Varsity, a free stock market learning platform
  • No upfront fee required
  • Advance orders; Basket order, Cover order (CO), After market order, GTT, etc.
  • Zero-level Debt Company.

Detail Review...

Detail Review...

Dislikes
  • Does not offer Lifetime free AMC account
  • No intraday tips, equity research and advisory
  • No unlimited zero brokerage plan for intraday traders
  • No 3-in-1 account
  • Bracket order is not offered by Zerodha
  • No Installable trading terminal
  • Zerodha has a separate platform for every investment product i.e., Kite for stocks, coin for mutual fund, Golden Pi for bonds, etc.
  • Software glitches in Kite happens at certain times.

Detail Review...

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

Detail Review...

Special Offers/Promo Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2024-03-28T01:27:50+00:00