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IDBI Direct Vs Religare Broking: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Religare Broking offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct ranges between 0.02% to 0.20% while the brokerage of Religare Broking ranges between 0.05 to 0.50%. 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 Religare Broking is 1,43,983 where number of active customer for IDBI Direct is 55,291. Religare Broking is serving more customer compare to IDBI Direct.

Here we present side-by-side comparison of IDBI Direct vs Religare Broking share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared IDBI Direct vs Religare Broking'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 IDBI Direct vs Religare Broking share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared IDBI Direct vs Religare Broking'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 IDBI Direct vs Religare Broking on Service

	IDBI Direct	Religare Broking
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Full Service Broker	Full Service Broker
Exchanges Supported	NSE, BSE	NSE, BSE, MCX
Active Clients	55,291	1,43,983
Broker Overview	Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I...	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...
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Account Opening Charges and AMC

Compare IDBI Direct vs Religare Broking on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with Religare Broking on trading & demat account opening charges and AMC. Trading account opening charges - IDBI Direct offer Free account opening where Religare Broking charges Rs 500 for account opening. Demat AMC charges - IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account where Religare Broking charges Rs 400 PA [Free for first year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with Religare Broking

Charges	IDBI Direct	Religare Broking
Trading Account Opening Fees	Free	Rs 500
Trading AMC	Free	Free
Demat Account Opening Fees	Free	Free
Demat AMC	Rs 350 PA [Free for 1st year]	Rs 400 PA [Free for first year]
Provide DP Service

About Brokerage Plans

Compare IDBI Direct vs Religare Broking on Plan Options

Plans are the most important feature you look when compare IDBI Direct with Religare Broking. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare IDBI Direct with Religare Broking on Plan Options

Plan Types	IDBI Direct	Religare Broking
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare IDBI Direct vs Religare Broking on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

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.

Share Broker's Transaction Charges

Compare IDBI Direct vs Religare Broking on Transaction Charges

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

Account Features

Compare IDBI Direct vs Religare Broking on Account Features

Compare IDBI Direct with Religare Broking on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct 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 - IDBI Direct offers a margin funding where Religare Broking doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - IDBI Direct with Religare Broking

Account Features Compare	IDBI Direct	Religare Broking
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:15PM	3:15PM
NRI Trading
Other Features	NIL	NIL

Trading Platform

Compare IDBI Direct vs Religare Broking on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct and Religare Broking. 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 IDBI Direct with Religare Broking

Trading Platform Compare	IDBI Direct	Religare Broking
Desktop Trading Platform	Infinity	OdinDiet and Power FnO
Desktop Demo	Info Not Available	Desktop Demo
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail	https://trade.idbicapital.com/	https://secure.religareonline.com/Login.aspx
Web Trading Demo	Info Not Available	Web Trading Demo
Mobile Site
Mobile Trading
Mobile Trading App	IDBI Direct Mobile App	Religare Dynami
Mobile Trading App Demo	Info Not Available	Religare Dynami Demo
Android Mobile App
Android App Download	Andriod IDBI Direct Mobile App Download	Andriod Religare Dynami Download
iPhone Mobile App (IOS)
iOS App Download	iOS IDBI Direct Mobile App Download	iOS Religare Dynami Download
Android Tablet App
iPad App (IOS)
Trading Software Charges	Free	Free
Equity Brokerage Calculator	Equity Intraday and Delivery Brokerage Calculator for IDBI Direct	Equity Intraday and Delivery Brokerage Calculator for Religare Broking
Futures Brokerage Calculator	Futures Brokerage Calculator for IDBI Direct	Futures Brokerage Calculator for Religare Broking
Options Brokerage Calculator	Options Brokerage Calculator for IDBI Direct	Options Brokerage Calculator for Religare Broking
Detail	Detail on Trading Platforms for idbicapital	Detail on Trading Platforms for religare-broking

Broker Ratings by Users

Compare IDBI Direct vs Religare Broking on User Rating

	IDBI Direct	Religare Broking
	31 Customer Reviews	56 Customer Reviews
Fees Ratings	3.0	3.2
Trading Brokerage Rating	2.5	3.2
Trading Platform Usability	2.6	3.0
Customer Service Ratings	2.7	2.9
Overall Ratings	2.7	2.9
Broker Rating	IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews	Religare Broking is Rated 2.9 / 5 based on 56 customer reviews

Investment Offerings

Compare IDBI Direct vs Religare Broking on Investment Offerings

Compare IDBI Direct with Religare Broking 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 - Religare Broking offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. 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 IDBI Direct with Religare Broking

Investment Offerings Compare	IDBI Direct	Religare Broking
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NIL

Order Types

Compare IDBI Direct vs Religare Broking on Order Types

Order Type - Compare IDBI Direct with Religare Broking 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) - IDBI Direct provide Bracket Orders (BO) where Religare Broking doesn't offer.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 IDBI Direct with Religare Broking

Order Type Compare	IDBI Direct	Religare Broking
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare IDBI Direct vs Religare Broking on Customer Service

Compare IDBI Direct with Religare Broking 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 IDBI Direct with Religare Broking

Customer Service Compare	IDBI Direct	Religare Broking
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	022-3913 5001	1860-25-88888
Account Opening Process	Info Not Available	Online/Paperless
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	Info Not Available	Not available
Head Office Address	Info Not Available	Religare Broking Limited, 2nd Floor, Rajlok Building, 24, Nehru Place, New Delhi-110019
Website	https://www.idbidirect.in/	http://www.religareonline.com

Tips/Research/Reports Published

Compare IDBI Direct vs Religare Broking on Research Reports, Tips

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

Research Reports - Compare IDBI Direct with Religare Broking

	IDBI Direct	Religare Broking
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare IDBI Direct vs Religare Broking on Demat Account

Compare IDBI Direct with Religare Broking 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 Religare Broking is ₹400 pa where for IDBI Direct is ₹350 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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges where for Religare Broking is ₹12.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 IDBI Direct with Religare Broking

	IDBI Direct	Religare Broking
DP Source	CDSL	CDSL
DP ID	No	30200
Demat Account Annual Maintenance Charges(AMC)	₹350 pa	₹400 pa
Advance Deposit	NO	Rs. 500/-
Statutory charges	Nil	Nil
Transaction Charges on Debit (Per ISIN)	0.04% of transaction value or ₹30 whichever is higher + CDSL charges	₹12
Demat	₹5 per certificate + ₹30 courier charges	₹5 per certificate + ₹30 courier charges
Remat	₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges	₹20 per certificate + ₹30 courier charges + CDSL Charges
Pledge Creation	0.05% of transaction value or ₹50 whichever is higher	0.02% of transaction value or ₹50 whichever is higher
Pledge Creation Confirmation	Nil	0.02% of transaction value or ₹50 whichever is higher
Pledge Closure	0.0002% of transaction value or ₹25 whichever is higher	0.02% of transaction value or ₹50 whichever is higher
Pledge Closure Confirmation	0.0002% of transaction value or ₹25 whichever is higher	0.02% of transaction value or ₹50 whichever is higher
Pledge Invocation	0.0015% of transaction value or ₹25 whichever is higher	0.02% of transaction value or ₹50 whichever is higher
Failed Instruction Charges	Nil	Nil
Other Charges	Nil	Nil

Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Religare Broking on Special Offers and Promotion

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

Compare IDBI Direct vs Religare Broking on Special Offers and Promotion

	IDBI Direct	Religare Broking
Pay In and Pay Out Options	Info Not Available	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
Payout Time	Info Not Available	Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges	Info Not Available	21+ bank connected via payment gatway, Rs 10 fee for per transaction.
Bank Detail	Info Not Available	RELIGARE BROKING LIMITED, Account Number:30078551502 Bank and Branch: SBI,Capital Market Branch,Mumbai Account Type: Current Account IFSC Code:SBIN0011777
Likes	3-in-1 account opening. Zero brokerage for the first 3 months. Zero AMC for the first year. Competitive brokerage Paperless investment in mutual funds. Equity SIP facility in shares (Amount based SIP and quantity-based SIP). Leverage/margin trading with E-margin. Encash – BSE feature to instantly get sale proceeds. Dealer-assisted trading and free call & trade Place aftermarket order, bracket order, and cover order. Place Good Till Date (GTD) Buy today Sell Tomorrow (BTST) Detail Review...	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...
Dislikes	Does not offer commodity trading. The user interface of the trading platforms can be improved. Customer service needs a lot of improvement. Detail Review...	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...
Special Offers/Promo		- Account opening fees Rs 500 waived off if you open an account with Rs 25000 margin.
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