The side-by-side comparison of Zerodha and Master Trust. Compare Zerodha Vs Master Trust brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Zerodha vs Master Trust?
Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds.
Zerodha charges ₹0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat ₹20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is ₹20 for an order (of any size, amount or seg...
Master Trust
Master Trust is a discount brokerage company part of the Master Capital Services Ltd. Incorporated in 1985; Master Capital Services Ltd (part of Master Trust Group) is a leading financial services company in India.
Master Trust Group entered in to discount brokerage business in Aug 2014. Master Trust offers both flat fees per trade and standard trading plan. They have PAN India presence with a client base of 2,50,000 which covers 300+ locations across 22 states of India
Master Trust has f...
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 | |
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Type of Broker | Discount Broker | Discount Broker |
Supported Exchnages | NSE, BSE, MCX and NCDEX | BSE, NSE, MCX |
Account Type | Flat Brokerage Plan | 20:20 Plan |
Year of Incorporation | 2010 | |
Number of Branches | 22 | |
Broker Enquiry |
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Enquire Zerodha | Enquire Master Trust |
Zerodha trading account opening charges is ₹200 while Master Trust account opening changes is ₹100. Zerodha Demat Account AMC Charges is ₹300 and Master Trust Demat Account AMC Charges is ₹300.
Zerodha | Master Trust | |
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Trading Account Opening Charges | ₹200 | ₹100 |
Trading Account AMC Charges | ₹0 (Free) | Nil |
Demat Account Opening Charges | ₹0 | Nil |
Demat Account AMC Charges | ₹300 | ₹300 |
Zerodha brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or .03% whichever is lower whereas Master Trust brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order.
Zerodha | Master Trust | |
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Account Type | Flat Brokerage Plan | 20:20 Plan |
Fixed Charges | ||
Equity Delivery Brokerage | ₹0 (Free) | ₹0 (Free) |
Equity Intraday Brokerage | ₹20 per executed order or .03% whichever is lower | ₹20 per executed order |
Equity Futures Brokerage | ₹20 per executed order or .03% whichever is lower | ₹20 per executed order |
Equity Options Brokerage | ₹20 per executed order | ₹20 per executed order |
Currency Futures Trading Brokerage | ₹20 per executed order or .03% whichever is lower | ₹20 per executed order |
Currency Options Trading Brokerage | ₹20 per executed order or .03% whichever is lower | ₹20 per executed order |
Commodity Futures Trading Brokerage | ₹20 per executed order or .03% whichever is lower | ₹20 per executed order |
Commodity Options Trading Brokerage | ₹20 per executed order or .03% whichever is lower | ₹20 per executed order |
Special Offer | Special Offer: Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer |
Zerodha | Master Trust | |
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Account Type | Flat Brokerage Plan | Standard Plan |
Fixed Charges | ||
Equity Delivery Brokerage | ₹0 (Free) | 0.30% |
Equity Intraday Brokerage | ₹20 per executed order or .03% whichever is lower | 0.03% |
Equity Futures Brokerage | ₹20 per executed order or .03% whichever is lower | 0.03% |
Equity Options Brokerage | ₹20 per executed order | ₹75 per lot |
Currency Futures Trading Brokerage | ₹20 per executed order or .03% whichever is lower | 0.03% |
Currency Options Trading Brokerage | ₹20 per executed order or .03% whichever is lower | ₹10 per lot |
Commodity Futures Trading Brokerage | ₹20 per executed order or .03% whichever is lower | 0.30% |
Commodity Options Trading Brokerage | ₹20 per executed order or .03% whichever is lower | ₹75 per lot |
Enquire Zerodha | Enquire Master Trust |
Zerodha | Master Trust | |
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Account Type | Flat Brokerage Plan | My Plan |
Fixed Charges | Annual brokerage of ₹1000 | |
Equity Delivery Brokerage | ₹0 (Free) | 25% off on existing brokerage plan |
Equity Intraday Brokerage | ₹20 per executed order or .03% whichever is lower | 25% off on existing brokerage plan |
Equity Futures Brokerage | ₹20 per executed order or .03% whichever is lower | 25% off on existing brokerage plan |
Equity Options Brokerage | ₹20 per executed order | 25% off on existing brokerage plan |
Currency Futures Trading Brokerage | ₹20 per executed order or .03% whichever is lower | 25% off on existing brokerage plan |
Currency Options Trading Brokerage | ₹20 per executed order or .03% whichever is lower | 25% off on existing brokerage plan |
Commodity Futures Trading Brokerage | ₹20 per executed order or .03% whichever is lower | 25% off on existing brokerage plan |
Commodity Options Trading Brokerage | ₹20 per executed order or .03% whichever is lower | 25% off on existing brokerage plan |
Enquire Zerodha | Enquire Master Trust |
Minimum Brokerage Charges | 0.03% in Intraday and F&O | ₹0 |
Other Brokerage Charges | Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS | |
Call & Trade Charges | ₹50 per executed order | ₹20 per executed order |
Zerodha transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium) while Master Trust exchange transaction charges for options is NSE ₹6000 | BSE ₹3500.
Zerodha | Master Trust | |
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Equity Delivery | NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) | NSE ₹325 | BSE ₹325 |
Equity Intraday | NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) | NSE ₹325 | BSE ₹325 |
Equity Futures | NSE ₹190 per Cr (0.0019%) | NSE ₹300 | BSE ₹150 |
Equity Options | NSE ₹5000 per Cr (0.05%) (on premium) | NSE ₹6000 | BSE ₹3500 |
Currency Futures | NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) | NSE ₹120 | BSE ₹100 |
Currency Options | NSE ₹3500 per Cr (0.035%) | BSE ₹100 per Cr (0.001%) (on premium) | NSE ₹4200 | BSE ₹1000 |
Commodity | Group A - ₹260 per Cr (0.0026%) | MCX ₹250 |
Enquire Zerodha | Enquire Master Trust |
Zerodha provides the margin of Up to 20x (based on the stock) for intraday trades whereas the Master Trust margin for intraday cash is Upto 16x.
Zerodha | Master Trust | |
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Equity Delivery | 1x (no margin) | 1x for fixed brokerage plan; Upto 4.5x for standard plan |
Equity Intraday | Up to 20x (based on the stock) | Upto 16x |
Equity Futures | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) | 6x |
Equity Options | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) | |
Currency Futures | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) | 6x |
Currency Options | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) | |
Commodity Futures | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span | |
Commodity Options | ||
Enquire Zerodha | Enquire Master Trust |
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 | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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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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Enquire Zerodha | Enquire Master Trust |
Zerodha is rated 3.7 of 5 based on 408 customer reviews whereas Master Trust is rated 3.9 of 5 based on 12 customer reviews.
Zerodha | Master Trust | |
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Bracket Order | ![]() |
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Cover Order | ![]() |
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Buy Today Sell Tomorrow (BTST) | ![]() |
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Sell Today Buy Tomorrow (STBT) | ![]() |
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After Market Order(AMO) | ![]() |
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Good Till Cancelled (GTC) | ![]() |
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Enquire Zerodha | Enquire Master Trust |
Zerodha | Master Trust | |
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Pros |
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Cons |
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Reviews | ||
Promo / Offers | Free Equity Delivery TradingGet free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you. |
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Enquire Zerodha | Enquire Master Trust |
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