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:
- Provides investment through IPOs, NCDs, Bonds & ETF.
- It offers marginal funding based on @18% p.a. interest.
- Highclass high-tech platform facilitates trading using desktop, laptop & mobile.
- Absence of brokerage plan.
- Flat fee-based brokerage charge.
- Higher call & trade charge.
Master Trust:
- DEMAT account opening is free
- Doesn’t charge a minimum brokerage fee
- Don’t have a 3-in-1 account.
- Don’t have any brokerage plan.
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.
| Particulars | 5 Paisa | Master Trust |
| Overall Rating | ★★★★ | ★★★ |
| Rating on Brokerage Charges | ★★★★ | ★★★ |
| Rating on Trading Platform | ★★★★ | ★★★ |
| Rating on Investments Offering | ★★★★ | ★★★ |
| Rating on Customer Service | ★★★★ | ★★★ |
| Broker Type | Discount Broker | Full-Service Broker |
| Exchanges Supported | BSE, NSE | NSE, 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.
| Particulars | 5paisa | MasterTrust |
| Trading Account Opening Fees | 650 Rupees (Free Now Promotion Offer) | 555 Rupees |
| Trading AMC | Free of cost | Free of cost |
| DEMAT Account Opening Fees | Free of cost | Free of cost |
| DEMAT AMC | 45 Rupees PM if Trade, else Zero | 300 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.
| Particulars | 5paisa Brokerage | MasterTrust 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.
| Particulars | 5paisa | MasterTrust |
| Plan Name | Flat Fee INR.20 Trading Plan | Basic Trading Plan (Percentage Based) |
| Equity Delivery | Flat Fee INR.20 | 0.1% or 10 paisa |
| Equity Intraday | Flat Fee INR.20 | 0.01% or 1 paisa |
| Equity Futures | Flat Fee INR.20 | 0.01% or 1 paisa |
| Equity Options | Flat Fee INR.20 | INR.10 Per Lot |
| Currency Futures | Flat Fee INR.20 | 0.01% or 1 paisa |
| Currency Options | Flat Fee INR.20 | INR.5 Per Lot |
| Commodity Trading | Flat Fee INR.20 | 0.01% or 1 paisa |
| Minimum Brokerage | NA | NIL |
| Hidden Charges | No | Info Not Available |
| Funding | Yes – 18% interest PA | Info Not Available |
| Call & Trade Charges | INR.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.
| Particulars | 5paisa | MasterTrust |
| Equity Delivery | INR.325 Per Cr | INR.325 Per Cr |
| Equity Intraday | INR.325 Per Cr | INR.325 Per Cr |
| Equity Futures | INR.190 Per Cr | INR.190 Per Cr |
| Equity Options | INR.5000 Per Cr | INR.5000 Per Cr |
| Currency Futures | INR.110 Per Cr | INR.110 Per Cr |
| Currency Options | INR.4000 Per Cr | INR.4000 Per Cr |
| Commodity | NA | Non-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.
| Particulars | 5paisa | MasterTrust |
| 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 Time | 3:15 PM | 3:15 PM |
| NRI Trading facility | 🞬 | ☑ |
| Other Features | NIL | NIL |
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.
| Particulars | 5paisa | MasterTrust |
| Desktop Trading Platform | 5paisaTradeStation | OMNESYS NEST |
| Desktop Platform (Windows) | ☑ | ☑ |
| Desktop Platform (Mac) | 🞬 | 🞬 |
| Web Trading Platform | ☑ | ☑ |
| Web Trading Detail | https://www.5paisa.com/online-trading | http://direct.mastermarts.com/ |
| Mobile Site | ☑ | 🞬 |
| Mobile Trading | ☑ | ☑ |
| Mobile Trading App | 5paisa Mobile App | mastermobile |
| Android Mobile App | ☑ | ☑ |
| iPhone Mobile App (IOS) | ☑ | 🞬 |
| Android Tablet App | ☑ | ☑ |
| iPad App (IOS) | ☑ | 🞬 |
| Trading Software Charges | Free | Info Not Available |
Comparison on Products:
Contrasting 5 Paisa & Master Trust based on products offered we get this information.
| Particulars | 5paisa | MasterTrust |
| 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 Options | NIL | Mutual 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.
| Particulars | 5paisa Margin | MasterTrust 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.
| Particulars | 5paisa | MasterTrust |
| 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/Paperless | Info Not Available |
| Customer Support Email | [email protected] | Info Not Available |
| Knowledge Center/ Education | https://www.5paisa.com/knowledge-centre | Info 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 |
Comparison on DEMAT account feature:
Assessing 5Paisa & Master Trust based on the DEMAT account feature we get this information.
| Particulars | 5paisa | MasterTrust |
| DP Source | For 5Paisa: CDSL | For Master Trust: CDSL |
| DP ID | For 5Paisa: 82500 | For 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 Deposit | NIL | 2500 Rupees for Scheme A 555 Rupees for Scheme LF (For Individuals only) for Lime time AMC Free. Rs. 800/- for scheme 800 |
| Statutory charges | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.025% or INR.25 whichever is higher + CDSL charges | INR.50 |
| Demat | INR.15 per certificate | INR.3 per certificate + INR.20 per request |
| Remat | INR.15 for every hundred securities or INR.15 per certificate whichever is higher | INR.20 for every hundred securities or INR.20 per certificate (whichever is higher) |
| Pledge Creation | INR.50 | INR.50 |
| Pledge Creation Confirmation | NIL | Nil |
| Pledge Closure | NIL | INR.25 |
| Pledge Closure Confirmation | NIL | Nil |
| Pledge Invocation | NIL | INR.25 |
| Failed Instruction Charges | Nil | INR.20 |
| Other Charges | Nil | Nil |
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.
