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Religare Broking Vs AxisDirect: Which one is better?

Both the brokers are registered with SEBI. Religare Broking offers investmenet in Equity, F&O, Currency and Commodities, where AxisDirect offers investment in Equity, F&O and Currency only. The brokerage of Religare Broking ranges between 0.05 to 0.50% while the brokerage of AxisDirect ranges between 0.05% to 0.5%. Both the brokers are Full Service brokers. Overall rating for both the brokers are also equal with rating 3.5 out of 5. Number of active customer for AxisDirect is 3,57,390 where number of active customer for Religare Broking is 1,43,944. AxisDirect is serving more customer compare to Religare Broking.

Here we present side-by-side comparison of Religare Broking vs AxisDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Religare Broking vs AxisDirect's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Religare Broking vs AxisDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Religare Broking vs AxisDirect's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Religare Broking vs AxisDirect on Service

  Religare Broking Compare
Religare Broking
AxisDirect Compare
AxisDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE
Active Clients 1,43,944 3,57,390
Broker Overview Open free Religare Demat & Trading Account, and trade via user-friendly platforms; Dynami App and Religare Online website. Also invest in the SmartInvest portfolio management services, US stocks, and get experts trading tips, investment ideas, an... Know more about Religare Broking Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis...Know more about AxisDirect
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Religare Broking vs AxisDirect on Trading & Demat Account Opening Charges

Comparison of Religare Broking with AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - Religare Broking charges Rs 500 for account opening where AxisDirect charges Rs 999 for account opening. Demat AMC charges - Religare Broking charges Rs 400 PA [Free for first year] AMC for Demat account where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Religare Broking with AxisDirect
Charges Religare Broking AxisDirect
Trading Account Opening Fees Rs 500 Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA [Free for first year] Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Religare Broking vs AxisDirect on Plan Options

Plans are the most important feature you look when compare Religare Broking with AxisDirect. This section compare on high level about type of plans offered by brokers. Multiple Plans - AxisDirect provides Multiple Plans where Religare Broking doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Religare Broking with AxisDirect on Plan Options
Plan Types Religare Broking AxisDirect
Multiple Plans No Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Religare Broking vs AxisDirect on Brokerage Charges

Religare Broking Brokerage Plan detail - Religare One is a standard brokerage plan that charges a fixed percentage of brokerage from clients. The plan also provides a 3-month free subscription to the fair deal plan that charges Rs. 0 brokerages on non-profitable trades and options trading at just Rs. 5 per lot.

AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.

Brokerage Charges - Compare Religare Broking with AxisDirect
Brokerage Charges Compare Religare Broking AxisDirect
Plan Name Religare One Brokerage Plan (Percentage Based) Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery 0.50% to 0.10% 0.50% (Each leg)
Equity Intraday 0.05% to 0.01% 0.05% (Each leg)
Equity Futures 0.05% or 5 paisa 0.05% (Each leg)
Equity Options Rs 70 Per Lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures 0.05% or 5 paisa 0.05% (Each Leg)
Currency Options Rs 30 Per Lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading Futures: 0.05%| Options: Rs 30 per lot Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage 1p per share NIL
Hidden Charges Yes No
Funding Yes - 21% interest PA Yes - 18% interest PA
Call & Trade Charges Rs 10 per order, Max rs 50 per segment per day Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges Rs 10 per order, Max rs 50 per segment per day 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for Religare Broking Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare Religare Broking vs AxisDirect on Transaction Charges

Compare Religare Broking with AxisDirect on transaction charges and PCM fee by segment.

Transaction Charges - Compare Religare Broking with AxisDirect
Transaction Charges Compare Religare Broking AxisDirect
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for religare-broking Complete Brokerage Plans for axisdirect
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Account Features

Compare Religare Broking vs AxisDirect on Account Features

Compare Religare Broking with AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - AxisDirect offers 3-in-1 account where Religare Broking offers only 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - AxisDirect offers a margin funding where Religare Broking doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Religare Broking with AxisDirect
Account Features Compare Religare Broking AxisDirect
3 in 1 Account No Religare Broking have 2-in-1 account. Only Demate and Trading account. Yes, Religare Broking have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 2:45 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Religare Broking vs AxisDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Religare Broking and AxisDirect. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Religare Broking with AxisDirect
Trading Platform Compare Religare Broking AxisDirect
Desktop Trading Platform OdinDiet and Power FnO Ring
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://secure.religareonline.com/Login.aspx https://login.axisdirect.in/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Religare Dynami AxisDirect Ring Mobile App
Mobile Trading App Demo Religare Dynami Demo AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod Religare Dynami Download Andriod AxisDirect Ring Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Religare Dynami Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Yes, DirectTrade - Rs 2999 PA
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Religare Broking Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for Religare Broking Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for Religare Broking Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for religare-broking Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare Religare Broking vs AxisDirect on User Rating

  Religare Broking AxisDirect
  56 Customer Reviews    Rate Religare Broking 6 Customer Reviews    Rate AxisDirect
Fees Ratings 3.2 2.5
Trading Brokerage Rating 3.2 2.0
Trading Platform Usability 3.0 3.2
Customer Service Ratings 2.9 2.7
Overall Ratings 2.9 2.3
Broker Rating Religare Broking is Rated 2.9 / 5 based on 56 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare Religare Broking vs AxisDirect on Investment Offerings

Compare Religare Broking with AxisDirect on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Religare Broking with AxisDirect
Investment Offerings Compare Religare Broking AxisDirect
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No Yes
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Religare Broking vs AxisDirect on Order Types

Order Type - Compare Religare Broking with AxisDirect on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare Religare Broking with AxisDirect
Order Type Compare Religare Broking AxisDirect
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare Religare Broking vs AxisDirect on Customer Service

Compare Religare Broking with AxisDirect on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Religare Broking with AxisDirect
Customer Service Compare Religare Broking AxisDirect
24/7 Customer Service Religare Broking vs AxisDirect - 24x7 customer support No No
Email Support Religare Broking vs AxisDirect - Email Support Yes Yes
Onine Live Chat Religare Broking vs AxisDirect - Onine Live Chat No Yes
Phone Support Religare Broking vs AxisDirect - Phone Support Yes Yes
Toll Free Number Religare Broking vs AxisDirect - Toll Free Number No Yes
Through Branches Religare Broking vs AxisDirect - Through Branches Yes Yes
Customer Care Number Religare Broking vs AxisDirect - Customer Care Number 1860-25-88888 022-61480808
Account Opening Process Religare Broking vs AxisDirect - Account Opening Process Online/Paperless Online
Customer Support Email Religare Broking vs AxisDirect - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Religare Broking vs AxisDirect - Knowledge Center/Education Not available https://simplehai.axisdirect.in/learn/overview
Head Office Address Religare Broking vs AxisDirect - Head Office Address/Corporate Address Religare Broking Limited,
2nd Floor,
Rajlok Building,
24, Nehru Place,
New Delhi-110019
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website Religare Broking vs AxisDirect - Company Website http://www.religareonline.com https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare Religare Broking vs AxisDirect on Research Reports, Tips

Compare Religare Broking with AxisDirect on research reports and tips provided by the broker.

Research Reports - Compare Religare Broking with AxisDirect
  Religare Broking AxisDirect
Research Mutual Funds Religare Broking vs AxisDirect - Research Mutual Funds Yes Yes
Research Equity Reports Religare Broking vs AxisDirect - Research Equity Reports Yes Yes
Research ETF Religare Broking vs AxisDirect - Research ETF Yes Yes
Daily Market Report Religare Broking vs AxisDirect - Daily Market Report Yes Yes
Free Tips Religare Broking vs AxisDirect - Free Tips Yes Yes
Quarterly Result Analysis Religare Broking vs AxisDirect - Quarterly Results Yes Yes
News Alerts Religare Broking vs AxisDirect - Yes Yes
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Demat Account

Compare Religare Broking vs AxisDirect on Demat Account

Compare Religare Broking with AxisDirect on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for AxisDirect is ₹500 pa where for Religare Broking is ₹400 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Religare Broking is ₹12 where for AxisDirect is ₹10.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Religare Broking with AxisDirect
  Religare Broking AxisDirect
DP Source CDSL CDSL
DP ID Religare Broking vs AxisDirect - DP ID 30200 49200
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹500 pa
Advance Deposit Rs. 500/- Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹12 ₹10
Demat ₹5 per certificate + ₹30 courier charges ₹3 per certificate
Remat ₹20 per certificate + ₹30 courier charges + CDSL Charges ₹10 for every hundred securities (Min ₹10)
Pledge Creation 0.02% of transaction value or ₹50 whichever is higher ₹25
Pledge Creation Confirmation 0.02% of transaction value or ₹50 whichever is higher ₹25
Pledge Closure 0.02% of transaction value or ₹50 whichever is higher ₹25
Pledge Closure Confirmation 0.02% of transaction value or ₹50 whichever is higher ₹25
Pledge Invocation 0.02% of transaction value or ₹50 whichever is higher Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Religare Broking vs AxisDirect on Special Offers and Promotion

Compare Religare Broking with AxisDirect on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Religare Broking vs AxisDirect on Special Offers and Promotion
  Religare Broking AxisDirect
Pay In and Pay Out Options Religare Broking vs AxisDirect - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Religare Mobile, Rligare Desktop and Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Religare Broking vs AxisDirect - Payout Time Upto 24 Hrs except Bank Holidays. Instant to Axis Bank.
Bank Supported and Charges Religare Broking vs AxisDirect - Bank Supported and Charges 21+ bank connected via payment gatway, Rs 10 fee for per transaction. Info Not Available
Bank Detail RELIGARE BROKING LIMITED,
Account Number:30078551502
Bank and Branch: SBI,Capital Market Branch,Mumbai
Account Type: Current Account
IFSC Code:SBIN0011777
Direct from your Axis bank account.
Likes
  • Invest in a bouquet of products.
  • Multiple brokerage plans.
  • Zero account opening charges.
  • Zero AMC for the first year.
  • State-of-the-art platforms with charting and other features.
  • Best-in-class research services from experts.
  • Dynami Wrap app, a free mutual fund investment
  • Fair Deal plan: Zero brokerage on loss-making trades for 3 months.
  • Dedicated relationship manager.
  • Margin trading.

Detail Review...

  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

Detail Review...

Dislikes
  • Minimum brokerage charges is levied.
  • Non-transparent brokerage structure.
  • Religare does not have a flat discount brokerage plan.
  • ODIN Diet is a paid platform.

Detail Review...

  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

Detail Review...

Special Offers/Promo - Account opening fees Rs 500 waived off if you open an account with Rs 25000 margin. Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-13T03:22:46+00:00