Zerodha Vs Master Trust – Compare Best Discount Broker

Zerodha Vs Master Trust – Comparison

Both Zerodha and Master Trust offer various facilities and trading products to their traders. When an individual trader is going to choose one of them, then he needs to understand & analyze them relatively.

It will lead him to a better decision making ability. Here we have compared Zerodha vs Master Trust to highlight the areas where the investor needs to know & analyze more. 

Zerodha is the largest discount broker of India for providing the best online trading platform, high exposure in exchange for low brokerage, free mutual fund investment (using the platform) and a lot more. Based on Bangalore it has 9lakhs customer base, 22 branch offices, 94 associate office, and 6 support-call & trade offices. 

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. 

Notable Points: 

Zerodha: 

1. Offers direct mutual fund investment using their portal for free. 
2. In association with IDFC, it provides 3-in-1 account facilities. 
3. The trading terminal is best among all the other market competitors.
4. It provides the best quality of customer support.
5. Facilitate free fund transfer using UPI.

Master Trust: 

1. Master trust has the lowest brokerage charge available.
2. DEMAT account opening is free 
3. Doesn’t charge a minimum brokerage fee
4. Don’t have a 3-in-1 account.
5. They don’t have any brokerage plans.

Zerodha Vs Master Trust Overall Company Details: 

Comparing Zerodha vs Master Trust based on overall customer service we derived the below-mentioned details. Here we have compared both the brokers considering the type of organization, broker type, originated location, establishment year & name of the founder.

Zerodha Vs Master Trust Customer Ratings:

Comparing Zerodha vs Master Trust based on Customer Ratings we get this information.

Here we can see that regarding experience & research work, Master Trust is leading but in the remaining segments such as products, services, brokerage charges & platforms Zerodha is winning the race.

Zerodha Vs Master Trust AOC & AMC: 

Here we have compared Zerodha vs Master Trust based on account opening charge & account maintenance charge.

Here we can see from the below contrast that Master Trust provides free AMC on trading accounts. Whereas, Zerodha provides free trading AMC and zero margin money criteria. 

Zerodha Vs Master Trust Brokerage Charge:

Contrasting Zerodha vs Master Trust based on Brokerage Charge we get the below details. Here we can see that Master Trust offers a percentage based brokerage charge structure.

While Zerodha has a very economical flat fee-based brokerage charge. Master Trust charges a minimum brokerage on executed orders but there is no such minimum brokerage in Zerodha. 

Comparison on Administrative Charge: 

In terms of Administrative transactional charge, we here compared Zerodha vs Master Trust as below.

We can see that both the broker share a similar charge structure excluding the transaction charge segment. In that segment, Zerodha is charging more fees than Master Trust.

Comparison on Offers: 

Contrasting Zerodha & Master Trust we get the below comparison on offers. We here can see that in terms of offers Master Trust is a step ahead of Zerodha for offering more offers. 

Comparison on Services Offered: 

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

Zerodha Vs Master Trust Research & Advisory: 

Contrasting Zerodha vs Master Trust based on their research & advisory offering we received the below comparison. Here we can see in the below table that Master Trust offers a lot more advisory support, where Zerodha doesn’t provide any.

Zerodha Vs Master Trust Margin/ Exposure/ Leverage

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

Comparison of Products: 

Comparing Zerodha vs Master Trust based on their product offering we derived the below comparison. We can see in this below comparison that Zerodha and Master Trust both offer similar products to their customer.

Zerodha Vs Master Trust Trading Platforms: 

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

Comparison on Customer Support: 

Comparing customer assistance, we here have compared Zerodha vs Master Trust as below. We can see from the below chart that Zerodha doesn’t provide dedicated dealers, offline trading (as it is a discount broker). While Master Trust doesn’t facilitate 24×7 support & chat support. 

Comparison of Grievances: 

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 Zerodha vs Master Trust based on their customer complaint handling in the below table. 

Zerodha Call Back Request

Conclusion:

Finally, we can conclude that the Master Trust (full-service broker) has a huge offering for its customers. But Zerodha (discount broker) offers lower charges to its customers. Still, it should be kept in mind that individual investors should opt the broker between Zerodha and Master Trust as per his need only.