Upstox Vs Master Trust Comparison: Find the Best Discount Broker

Upstox Vs Master Trust – Comparison: 

Here we compared Upstox vs Master Trust based on all segment-wise details knowing which is necessary for every investor.  In this comparative study, we highlighted the pros and cons of both the broker for the information of investors.

Upstox (formerly known as RKSV Securities) is a renowned discount broker that started its journey in 2009 based on Mumbai.

This discount broker is famed for its variety of trading terminal offerings and a wide range of products and services. They don’t charge any brokerage for equity delivery. 

Whereas, full-service broker Master Trust doesn’t require any introduction. It is a company of Business Tycoon Anil Ambani and commenced its journey in the year 2005 based on Mumbai. 

Features: 

Upstox: 

1) Zero brokerage fee on equity delivery trading

2) Flat fee-based brokerage fee structure.

3) Trading Account AMC is free of cost.

4) Don’t trade in the commodity, mutual funds, forex, SIP & insurance. 

5) Margin Money not required. 

Master Trust: 

1) Percentage based brokerage plan is there. 

2) DEMAT and Trading Account opening is free of cost. 

3) It facilitates trading in Mutual Fund & SIP but not in commodity, forex, and insurance. 

4) Required to maintain Margin money of @INR.25,000/-.

5) 3-in-1 account feature unavailable. 

Upstox Vs Master Trust Overview: 

Based on the organizational overview we have compared Upstox Vs Master Trust as below. We have compared here both the broker considering the company type, broker type, geographical situation of headquarter and the establishment year. 

Upstox Vs Master Trust Customer Ratings: 

Here we have compared Upstox vs Master Trust based on the customer ratings on different segments.

These ratings are based on the reviews received from the various public platform. We can see from the below table that in terms of experience, trading platform & research news Master Trust is leading the position, whereas, Upstox is leading while considering the products, services & brokerage fees. 

Comparison on AMC & AOC:

Comparing Upstox vs Master Trust based on Account Opening and Maintainance charge we get the below details. Here we can see that both Upstox & Master Trust offers free trading AMC to their customer. 

Upstox Vs Master Trust Brokerage Charges: 

Considering the brokerage charge offering we have compared Upstox and Master Trust as below.

Master Trust offers a percentage based brokerage plan whereas, Upstox offers a flat fee-based brokerage plan. Both the broker has a minimum brokerage charge feature. 

Comparison on Administrative Charges: 

Comparing Upstox vs Master Trust based on other transaction charges we get these below details.

Here we can see that both brokers share similar charge structures excluding the transaction charge. A Transaction charge of Master Trust is more than Upstox.

Comparison of Offers & Discount: 

Contrasting Upstox vs Master Trust we get the below comparison on offers. We here can see that in terms of offers Master Trust offers more offers than Upstox. 

Comparison on Services Offered:

Comparing Upstox vs Master Trust based on their service offering we derived the below comparison:

Upstox Vs Master Trust Research & Advisory:

Contrasting Upstox vs Master Trust based on their research & advisory offering we received the below comparison.

Here we can see in the below table that Upstox doesn’t provide any research support to their investors whereas Master Trust offers different kinds of reports to their customers.

Upstox Vs Master Trust Margin/ Exposure/ Leverage 

Considering Upstox vs Master Trust based on product-wise leverage we get the below details. 

Comparison on Products Offering: 

Comparing Upstox vs Master Trust based on their product offering we derived the below comparison. We can see in this below comparison that Master Trust offers more number of products for their investors than Upstox. 

Upstox Vs Master Trust Trading Platform: 

Because of the trading terminal offering Upstox vs Master Trust, we compared them as below.  

Comparison on Customer Support: 

Considering customer assistance, we here have compared Upstox vs Master Trust as below. Only Upstox doesn’t offer personal dealers, offline trading, 24X7 support, toll-free number, and Chat support.

On the other hand, Master Trust doesn’t offer 24X7 support, toll-free number and chat support. 

Comparison of Complaints handled: 

Both these brokers provide multiple channels to their investors to reach them so that they can support the customers in a better way. Here we compared Upstox vs Master Trust based on their customer complaint handling in the below comparison. 

Conclusion:

To conclude we can state that this comparison between Upstox vs Master Trust portrays different aspects regarding the offering of the brokers. Both the broker are renowned in the stockbroking market but both have their benefit as well as shortcomings.

Hence it is impossible to consider one good and other one bad. The investors should choose the broker keeping in mind his personal preference and requirements.

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