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5Paisa Vs Master Trust – Comparative Assessment

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5Paisa Vs Master Trust

Both of these organizations are famous in share market for their services and offerings. But to choose one of them, a trader need to about them deeply. A clear comparison of 5Paisa vs Master Trust can lead you to the better option.

5Paisa is a discount broker launched in 2016 based on Mumbai, Maharashtra. 

It is a part of IIFL (India Infoline Finance Ltd). They charge low brokerage charges as low as INR.20/-. It has the title of 2nd largest discount broker of India since 2016. 

Whereas, Master Trust is a full-service broker incorporated in 1994 with more than 500 branches across India. It is one of the lowest brokerage charging full-service brokers of India having customized brokerage plans & dedicated relationship managers for their customers.

Specification: 

5Paisa: 

  1. Provides investment through IPOs, NCDs, Bonds & ETF. 
  2. It offers marginal funding based on  @18% p.a. interest. 
  3. Highclass high-tech platform facilitates trading using desktop, laptop & mobile. 
  4. Absence of brokerage plan. 
  5. Flat fee-based brokerage charge.
  6. Higher call & trade charge. 

Master Trust: 

  1. DEMAT account opening is free 
  2. Doesn’t charge a minimum brokerage fee
  3. Don’t have a 3-in-1 account.
  4. Don’t have any brokerage plan.
5Paisa Vs Master Trust

Comparison on Overall Services: 

Based on customer review 5 Paisa & Master Trust has been compared here below: From the below table it is evident that the rating of 5Paisa is better than Master Trust.

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 Particulars5 PaisaMaster Trust
Overall Rating★★★★★★★
Rating on Brokerage Charges★★★★★★★
Rating on Trading Platform★★★★★★★
Rating on Investments Offering★★★★★★★
Rating on Customer Service★★★★★★★
Broker Type Discount BrokerFull-Service Broker
Exchanges Supported BSE, NSENSE, BSE, MCX-SX,
MCX, NCDEX

Comparison on AOC & AMC:

Comparing 5 Paisa & Master Trust based on AMC & AOC we have got the below table. Here we can see from the below table that both Master Trust & 5Paisa offers free DEMAT account opening & trading AMC.

Particulars5paisaMasterTrust
Trading Account Opening Fees650 Rupees (Free Now Promotion Offer)555 Rupees
Trading AMCFree of costFree of cost
DEMAT Account Opening FeesFree of costFree of cost
DEMAT AMC45 Rupees PM if Trade, else Zero300 Rupees PA
Provide DP Service

Comparison on Brokerage Plan: 

In the case of brokerage plan comparison, we got the below-mentioned table comparing 5 Paisa & Master Trust. Here we can see that both the broker doesn’t have any brokerage plan for investors.

Particulars5paisa BrokerageMasterTrust Brokerage
Multiple Plans🞬🞬
Monthly Plans🞬🞬
Yearly Plans🞬🞬

Comparison on Brokerage Charge: 

Considering the Brokerage fee structure we here have compared 5 Paisa & Master Trust as below. Here we can see Master Trust has percentage-based brokerage plans. Whereas, 5Paisa offers a flat fee-based brokerage plan. The minimum brokerage is absent in both the broker.

Particulars5paisaMasterTrust
Plan NameFlat Fee INR.20 Trading PlanBasic Trading Plan (Percentage Based)
Equity DeliveryFlat Fee INR.200.1% or 10 paisa
Equity IntradayFlat Fee INR.200.01% or 1 paisa
Equity FuturesFlat Fee INR.200.01% or 1 paisa
Equity OptionsFlat Fee INR.20INR.10 Per Lot
Currency FuturesFlat Fee INR.200.01% or 1 paisa
Currency OptionsFlat Fee INR.20INR.5 Per Lot
Commodity TradingFlat Fee INR.200.01% or 1 paisa
Minimum BrokerageNANIL
Hidden ChargesNoInfo Not Available
FundingYes – 18% interest PAInfo Not Available
Call & Trade ChargesINR.100 per call(No limit of orders)Info Not Available

Comparison on Transaction Charge: 

Assessing 5Paisa & Master Trust analytically based on a transaction charge we get the below-mentioned table. Here we can see that both the broker shares a similar transaction fee structure to their customer.

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Particulars5paisaMasterTrust
Equity DeliveryINR.325 Per CrINR.325 Per Cr
Equity IntradayINR.325 Per CrINR.325 Per Cr
Equity FuturesINR.190 Per CrINR.190 Per Cr
Equity OptionsINR.5000 Per CrINR.5000 Per Cr
Currency FuturesINR.110 Per CrINR.110 Per Cr
Currency OptionsINR.4000 Per CrINR.4000 Per Cr
CommodityNANon-Agri: INR.260 Per Cr         
Agri: INR.175 Per Cr

Comparison on Account Feature:

Assessing 5Paisa & Master Trust based on account feature offering we get this below information.

Particulars5paisaMasterTrust
3 in 1 Account facility🞬🞬
Charting facility
Algo Trading facility
SMS Alerts service
Online Demo facility
Online Portfolio facility🞬
Margin Trading Funding Available
Combined Ledger for Equity and Commodity🞬
Intraday Square-off Time3:15 PM3:15 PM
NRI Trading facility🞬
Other FeaturesNILNIL

Comparison on Trading Terminal: 

Both 5Paisa & Master Trust offer a technically sound & safe trading platform to have a peaceful trading experience. Comparing both in terms of the trading platform we get this below information.

Particulars5paisaMasterTrust
Desktop Trading Platform5paisaTradeStationOMNESYS NEST
Desktop Platform (Windows)
Desktop Platform (Mac)🞬🞬
Web Trading Platform
Web Trading Detailhttps://www.5paisa.com/online-tradinghttp://direct.mastermarts.com/
Mobile Site🞬
Mobile Trading
Mobile Trading App5paisa Mobile Appmastermobile
Android Mobile App
iPhone Mobile App (IOS)🞬
Android Tablet App
iPad App (IOS)🞬
Trading Software ChargesFreeInfo Not Available

Comparison on Products: 

Contrasting 5 Paisa & Master Trust based on products offered we get this information. 

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Particulars5paisaMasterTrust
Equity Cash and F&O facility
Currency Deravitives facility
Commodity service
Online IPO Application🞬🞬
Mutual Funds facility
Bond / NCD facility
ETF facility
Banking facility🞬🞬
Insurance facility
Forex facility🞬🞬
MF SIP Investment facility
Equity SIP Investment facility🞬🞬
PMS Service🞬🞬
Other Investment OptionsNILMutual Funds and Insurance

Comparison on Leverage /Margin:

Considering 5Paisa & Master Trust in terms of leverage, we get this information. It includes equity delivery margin, options margin, equity intraday margin, etc.

Particulars5paisa MarginMasterTrust Margin
Equity Delivery Margin Maximum 3.5x via Margin Funding system.Info Not Available
Equity Intraday Margin Maximum 10x or 10% subject to Var and ELM.Maximum 10x or 10% subject to Var and ELM.
Futures Margin 1x or the particular SPAN + Leverage.1x or the particular SPAN + Leverage.
Options Margin 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.
Equity CO Margin Maximum 10x or 10% subject to Var and ELM, no further leverage charges are included for Cover Order.Maximum 10x or 10% subject to Var and ELM, no further leverage charges are included for Cover Order.
Futures CO Margin 1x or the particular SPAN + Exposure margin, no further leverage charges are included for Futures Cover Order.1x or the particular SPAN + Exposure margin, no further leverage charges are included for Futures Cover Order.
Options CO Margin 1x or the particular SPAN + Exposure margin(Selling a share) or Premium Margin(Buying a share), no further leverage charges are included for Options Cover Order.1x or the particular SPAN + Exposure margin(Selling a share) or Premium Margin(Buying a share), no further leverage charges are included for Options Cover Order.
Commodity Margin 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.

Comparison on Customer Assistance: 

Based on customer assistance we have compared 5paisa & Master Trust as below. It includes phone support, email support, head office address, etc.

Particulars5paisaMasterTrust
24/7 Customer Service 🞬🞬
Email Support 
Online Live Chat 🞬
Phone Support 
Toll-Free Number 🞬
Through Branches 🞬
Customer Care Number “+91 89766 89766”Info Not Available
Account Opening Process Online/PaperlessInfo Not Available
Customer Support Email [email protected]Info Not Available
Knowledge Center/ Education https://www.5paisa.com/knowledge-centreInfo Not Available
Head Office Address 5paisa headquarters
Sun Infotech Park, Road No.
16V, Plot No.B-23 Thane
Industrial Area, Wagle Estate,
Thane – 400604
Info Not Available
Website https://www.5paisa.com/Info Not Available
open Master Trust demat account

Comparison on DEMAT account feature: 

Assessing 5Paisa & Master Trust based on the DEMAT account feature we get this information.

Particulars 5paisaMasterTrust
DP SourceFor 5Paisa: CDSLFor Master Trust: CDSL
DP ID For 5Paisa: 82500For Master Trust: No
Demat Account Annual Maintenance Charges(AMC)Monthly Plan – INR.45 (In case of any transaction in a month)INR.300 pa (Second Year Onwards)
Advance DepositNIL2500 Rupees for Scheme A 555 Rupees for Scheme LF (For Individuals only) for Lime time AMC Free. Rs. 800/- for scheme 800
Statutory chargesNilNil
Transaction Charges on Debit (Per ISIN)0.025% or INR.25 whichever is higher + CDSL chargesINR.50
DematINR.15 per certificateINR.3 per certificate + INR.20 per request
RematINR.15 for every hundred securities or INR.15 per certificate whichever is higherINR.20 for every hundred securities or INR.20 per certificate (whichever is higher)
Pledge CreationINR.50INR.50
Pledge Creation ConfirmationNILNil
Pledge ClosureNILINR.25
Pledge Closure ConfirmationNILNil
Pledge InvocationNILINR.25
Failed Instruction ChargesNilINR.20
Other ChargesNilNil
open 5 paisa demat account

Conclusion: 

In this above study, we have drawn a comparative picture of 5Paisa vs Master Trust. Both the organization are quite similar in terms of their offering, facilities, and network. But there are several differences also. However, for an individual investor, it is suggested that to go through every small detail of the broker where you are interested to invest. 

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