Master Trust vs Fyers Comparison: 2024
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 &
About Fyers
Fyers Securities is a team of young, enthusiastic business people with over 10 years of trading and security industry experience. They are also associated with IL&FS Securities Services Limited for their demat account services and mutual fund services.
One interesting fact about this stock broker is that it pioneered a new method in investing stock called ‘Themed Investment’ providing the ability to invest in similar category of stocks. The closest similar practice would be with Exchange Traded Funds (ETFs). However, Thematic Investment offers more flexibility than ETFs, because the companies to invest in a particular theme are identified by the broker, even the community sometimes.
Fyers : Overview
Based out of Bangalore, Karnataka, Fyers was launched in 2015, and in this limited time period, it has become one of the popular discount brokers in India. Found by Tejas Khoday, Shreyas Khodey & Yashas Khodey, FYERS is basically an acronym for ‘Focus Your
Master Trust vs Fyers Account Opening Charges: 2024
| Charge | Master Trust | Fyers |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹100 | ₹400 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 per year | ₹300 |
Master Trust vs Fyers Brokerage Charges and Plans : 2024
| Charge | Master Trust | Fyers |
|---|---|---|
| Plan Name | 20:20 Plan | Flat Fee Plan |
| Equity Delivery | ₹0 | ₹0 |
| Equity Intraday | ₹20 per executed order | ₹20 per executed order or 0.03% whichever is less |
| Equity Futures | ₹20 per executed order | ₹20 per executed order or 0.03% whichever is less |
| Equity Options | ₹20 per executed order | ₹20 per executed order |
| Currency Futures | ₹20 per executed order | ₹20 per executed order or 0.03% whichever is less |
| Currency Options | ₹20 per executed order | ₹20 per executed order |
| Commodity Options | ₹20 per executed order | Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order |
| Mutual Fund | N/A | N/A |
Master Trust vs Fyers Margin / Exposure: 2024
| Segment | Master Trust | Fyers |
|---|---|---|
| Equity Delivery | 1x for 20:20 brokerage plan; Upto 4.5x for Standard Plan | 1x |
| Equity Intraday | Upto 6x | Upto 5x |
| Equity Future | Upto 4x | Upto 4x |
| Equity Options | Upto 5x | Upto 5x |
| Currency Future | Upto 3x | Upto 3x |
| Currency Options | Upto 3x | Upto 3x |
| Commodity Future | Upto 1x | Upto 3x |
| Commodity Options | Upto 1x | Upto 3x |