Zerodha Vs Master Trust (Compare Zerodha and Master Trust)

Zerodha Vs Master Trust

Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India. Incorporated in , Master Trust is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

	Zerodha	Master Trust
Type of Broker	Discount Broker	Discount Broker
Exchnage Membership	NSE, BSE, MCX and NCDEX	BSE, NSE, MCX
Year of Incorporation	2010
Number of Branches	22
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Zerodha Vs Master Trust Charges & AMC

Zerodha trading account opening charges is Rs 200 while Master Trust account opening changes is Rs 100. Zerodha Demat Account AMC Charges is Rs 300 and Master Trust Demat Account AMC Charges is Rs 300.

	Zerodha	Master Trust
Trading Account Opening Charges	Rs 200	Rs 100
Trading Account AMC Charges	Rs 0 (Free)	Nil
Demat Account Opening Charges	Rs 0	Nil
Demat Account AMC Charges	Rs 300	Rs 300

Zerodha Vs Master Trust Brokerage

Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Master Trust brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order.

	Zerodha	Master Trust
Account Type	Flat Brokerage Plan	20:20 Plan
Fixed Charges
Equity Delivery	Rs 0 (Free)	Rs 0 (Free)
Equity Intraday	Rs 20 per executed order or .03% whichever is lower	Rs 20 per executed order
Equity Futures	Rs 20 per executed order or .03% whichever is lower	Rs 20 per executed order
Equity Options	Rs 20 per executed order	Rs 20 per executed order
Currency Futures	Rs 20 per executed order or .03% whichever is lower	Rs 20 per executed order
Currency Options	Rs 20 per executed order or .03% whichever is lower	Rs 20 per executed order
Commodity Futures	Rs 20 per executed order or .03% whichever is lower	Rs 20 per executed order
Commodity Options	Rs 20 per executed order or .03% whichever is lower	Rs 20 per executed order
Special Offer	Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.

Zerodha Vs Master Trust Brokerage Plan 2

	Zerodha	Master Trust
Account Type	Flat Brokerage Plan	Standard Plan
Fixed Charges
Equity Delivery	Rs 0 (Free)	0.30%
Equity Intraday	Rs 20 per executed order or .03% whichever is lower	0.03%
Equity Futures	Rs 20 per executed order or .03% whichever is lower	0.03%
Equity Options	Rs 20 per executed order	Rs 75 per lot
Currency Futures	Rs 20 per executed order or .03% whichever is lower	0.03%
Currency Options	Rs 20 per executed order or .03% whichever is lower	Rs 10 per lot
Commodity Futures	Rs 20 per executed order or .03% whichever is lower	0.30%
Commodity Options	Rs 20 per executed order or .03% whichever is lower	Rs 75 per lot
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Zerodha Vs Master Trust Brokerage Plan 3

	Zerodha	Master Trust
Account Type	Flat Brokerage Plan	My Plan
Fixed Charges		Annual brokerage of Rs 1000
Equity Delivery	Rs 0 (Free)	25% off on existing brokerage plan
Equity Intraday	Rs 20 per executed order or .03% whichever is lower	25% off on existing brokerage plan
Equity Futures	Rs 20 per executed order or .03% whichever is lower	25% off on existing brokerage plan
Equity Options	Rs 20 per executed order	25% off on existing brokerage plan
Currency Futures	Rs 20 per executed order or .03% whichever is lower	25% off on existing brokerage plan
Currency Options	Rs 20 per executed order or .03% whichever is lower	25% off on existing brokerage plan
Commodity Futures	Rs 20 per executed order or .03% whichever is lower	25% off on existing brokerage plan
Commodity Options	Rs 20 per executed order or .03% whichever is lower	25% off on existing brokerage plan
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Zerodha Charges Vs Master Trust

Minimum Brokerage	0.03% in Intraday and F&O	Rs 0
Other Charges	Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges	Rs 50 per executed order	Rs 20 per executed order

Zerodha Vs Master Trust Transaction Charges

Zerodha transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while Master Trust exchange transaction charges for options is NSE Rs 6000 | BSE Rs 3500.

	Zerodha	Master Trust
Equity Delivery	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 325 | BSE Rs 325
Equity Intraday	NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)	NSE Rs 325 | BSE Rs 325
Equity Futures	NSE Rs 200 per Cr (0.002%)	NSE Rs 300 | BSE Rs 150
Equity Options	NSE Rs 5300 per Cr (0.053%) (on premium)	NSE Rs 6000 | BSE Rs 3500
Currency Futures	NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)	NSE Rs 120 | BSE Rs 100
Currency Options	NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)	NSE Rs 4200 | BSE Rs 1000
Commodity	Group A - Rs 260 per Cr (0.0026%)	MCX Rs 250
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Zerodha Vs Master Trust Leverage (Margin)

Zerodha margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Master Trust margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Zerodha	Master Trust
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Zerodha and Master Trust Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. Master Trust offers OMNESYS NEST trading software.

	Zerodha	Master Trust
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Kite Web, Kite Mobile for Android/iOS and Coin	OMNESYS NEST
Intraday Square-off Time	Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close
Other Features	Direct Mutual Funds, APIs for Algo Trading
Referral Program
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Zerodha Vs Master Trust Review

Zerodha is rated 3.7 of 5 based on 435 customer reviews whereas Master Trust is rated 3.9 of 5 based on 12 customer reviews.

	Zerodha	Master Trust
	435 Customer Reviews	12 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Zerodha is rated 3.7 of 5 based on 435 customer reviews	Master Trust is rated 3.9 of 5 based on 12 customer reviews

Zerodha Vs Master Trust Investment Options

	Zerodha	Master Trust
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Mutual Funds

Zerodha Vs Master Trust Order Type Offered

	Zerodha	Master Trust
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Zerodha Vs Master Trust Research Report

	Zerodha	Master Trust
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Zerodha Vs Master Trust Suitable For Investor Type

	Zerodha	Master Trust
Casual Investor
Active Investor
Trader

Zerodha Vs Master Trust - Pros and Cons

	Zerodha	Master Trust
Pros	India's No. 1 broker in terms of the number of active clients and exchange volume. Safe, reliable, and most technologically advance broker in India. Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX). Free equity delivery trades. No brokerage charges for Cash-N-Carry orders. Flat Rs 20 per trade brokerage for all other segments. Excellent trading platforms (Kite) available for free. Direct Mutual Fund Investment is available. Good Till Triggered (GTT) orders are available. These are similar to GTC orders. NRI Trading account is available.	Monthly unlimited trading plans available for trading at NSE, BSE and MCX. Funds transfer facility with 45 major banks available. MyValueTrade gives Intraday up to 33 times exposure No minimum brokerage. No need to login in different platforms for different segment. No more need to transfer deposits in one exchange to another for trading. Trade across all segments using Flexi-Balance feature wherein the balance across different segments viz. Equity, commodity, derivatives and currency can be used as one single balance.
Cons	It does not provide stock tips, research, and recommendations. Call & Trade is charged an extra Rs 50 per order. Auto Square off is charged at an extra Rs 50 per order. It does not offer a 3-in-1 account. It does not offer monthly unlimited trading plans. It does not offer an AMC Free Demat account. No margin funding.
Reviews
Promo / Offers	Free Equity Delivery Trading and Mutual Funds Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O + Brokerage-free Direct Mutual Fund investment + Trade with the best trading platform in India. This is a limited-time offer. Open Instant Zerodha Account online and start trading today.
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