5paisa vs Master Trust Comparison: 2024
About 5paisa
A successful discount broker in India, 5 paisa provides different trading and investing services across various segments. Its parent company is IIFL that has built a great name in the retail broking industry.
5Paisa: Overview
5paisa Capital Ltd. is a new age company that believes in making the entire process of getting started with trading as simple as possible, offering account opening in three simple steps. One of the leading stockbrokers in India, 5paisa Capital Ltd is publicly-traded, and managed by IIFL founders. This provides the company with valuable experience in the financial markets coupled with its expertise in simplifying the trading experience has enabled it to offer best-in-class services at an extremely low cost.
Based out of Mumbai, 5paisa.com commenced operations in March 2016 and since then has become 2nd largest discount stock broker in India (As on Dec 2018). It is listed on both BSE as well as NSE.
The
About Master Trust
One of the popular financial services in the country happens to be Master Trust. Its core beliefs are nurtured towards investment, attitude and sound & philosophical investment approach eloping in the investment universe. The company has a considerable track record for over two decades. Ever since its inception, the company has grown strong with 650+ employees and served over 1,50,000+ clients to date.
Master Trust: Overview
Master Trust is a discount brokerage company which is a subsidiary of Master Capital Services Pvt Ltd. Due to the efforts pulled in by Mr Harjeet Singh and Mr R. K. Singhania, the company was founded in 1994. Currently, the company is located at the financial capital of India, Mumbai.
In 1994, the company acquired its membership of NSE. After which it attained its membership in various depository and exchanges services such as NSDL & CSDL. Furthermore, the stockbroker opened gateways to trade with MCX-SX &
5paisa vs Master Trust Account Opening Charges: 2024
| Charge | 5paisa | Master Trust |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | ₹650 | ₹100 |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹300 per year |
5paisa vs Master Trust Brokerage Charges and Plans : 2024
| Charge | 5paisa | Master Trust |
|---|---|---|
| Plan Name | Optimum Plan | 20:20 Plan |
| Equity Delivery | ₹20 per trade | ₹0 |
| Equity Intraday | ₹20 per trade | ₹20 per executed order |
| Equity Futures | ₹20 per trade | ₹20 per executed order |
| Equity Options | ₹20 per trade | ₹20 per executed order |
| Currency Futures | ₹20 per trade | ₹20 per executed order |
| Currency Options | ₹20 per trade | ₹20 per executed order |
| Commodity Options | ₹20 per trade | ₹20 per executed order |
| Mutual Fund | N/A | N/A |
5paisa vs Master Trust Margin / Exposure: 2024
| Segment | 5paisa | Master Trust |
|---|---|---|
| Equity Delivery | Upto 4x | 1x for 20:20 brokerage plan; Upto 4.5x for Standard Plan |
| Equity Intraday | Upto 20x | Upto 6x |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | Upto 4x |
| Equity Options | Intra-day: 1x | Carry forward: 1x | Upto 5x |
| Currency Future | Intra-day: 1 time | Carry forward: 1x | Upto 3x |
| Currency Options | Intra-day: 1x | Carry forward: 1x | Upto 3x |
| Commodity Future | N/A | Upto 1x |
| Commodity Options | N/A | Upto 1x |