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IIFL Securities Vs Religare Broking: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of IIFL Securities ranges between Rs 20 while the brokerage of Religare Broking ranges between 0.05 to 0.50%. Both the brokers are Full Service brokers. IIFL Securities is having overall higher rating compare to Religare Broking. IIFL Securities is rated 4 out of 5 where Religare Broking is rated only 3.5 out of 5. Number of active customer for IIFL Securities is 4,39,137 where number of active customer for Religare Broking is 1,43,983. IIFL Securities is serving more customer compare to Religare Broking.

Here we present side-by-side comparison of IIFL Securities 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 IIFL Securities 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 IIFL Securities 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 IIFL Securities 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 IIFL Securities vs Religare Broking on Service

  IIFL Securities Compare
IIFL Securities
Religare Broking Compare
Religare Broking
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? BSE, NSE, MCX, NCDEX NSE, BSE, MCX
Active Clients 4,39,137 1,43,983
Broker Overview IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,... Know more about IIFL Securities 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
Broker Enquiry Request call back from IIFL Securities Request call back from Zerodha
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Account Opening Charges and AMC

Compare IIFL Securities vs Religare Broking on Trading & Demat Account Opening Charges

Comparison of IIFL Securities with Religare Broking on trading & demat account opening charges and AMC. Trading account opening charges - IIFL Securities offer Free account opening where Religare Broking charges Rs 500 for account opening. Demat AMC charges - IIFL Securities charges Rs 250 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 IIFL Securities with Religare Broking
Charges IIFL Securities Religare Broking
Trading Account Opening Fees Free Rs 500
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 250 PA (Free for 1st year) Rs 400 PA [Free for first year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IIFL Securities vs Religare Broking on Plan Options

Plans are the most important feature you look when compare IIFL Securities 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 IIFL Securities with Religare Broking on Plan Options
Plan Types IIFL Securities Religare Broking
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  IIFL Securities Zerodha
Account Opening Request
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Brokerage Charges

Compare IIFL Securities vs Religare Broking on Brokerage Charges

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.

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.

Brokerage Charges - Compare IIFL Securities with Religare Broking
Brokerage Charges Compare IIFL Securities Religare Broking
Plan Name IIFL iSERVE Brokerage Plan Religare One Brokerage Plan (Percentage Based)
Equity Delivery Flat Rs 20 per order 0.50% to 0.10%
Equity Intraday Flat Rs 20 per order 0.05% to 0.01%
Equity Futures Flat Rs 20 per order 0.05% or 5 paisa
Equity Options Flat Rs 20 per order Rs 70 Per Lot
Currency Futures Flat Rs 20 per order 0.05% or 5 paisa
Currency Options Flat Rs 20 per order Rs 30 Per Lot
Commodity Trading Flat Rs 20 per order Futures: 0.05%| Options: Rs 30 per lot
Minimum Brokerage NIL 1p per share
Hidden Charges Info Not Available Yes
Funding Yes - 18% interest PA Yes - 21% interest PA
Call & Trade Charges Rs 50 Per Call + GST Rs 10 per order, Max rs 50 per segment per day
Auto Square off Charges Rs 50 Per Call + GST Rs 10 per order, Max rs 50 per segment per day
Brokerage Calculator Brokerage Calculator for IIFL Securities Brokerage Calculator for Religare Broking
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Share Broker's Transaction Charges

Compare IIFL Securities vs Religare Broking on Transaction Charges

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

Transaction Charges - Compare IIFL Securities with Religare Broking
Transaction Charges Compare IIFL Securities Religare Broking
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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for iifl-securities Complete Brokerage Plans for religare-broking
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Account Features

Compare IIFL Securities vs Religare Broking on Account Features

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

Account Features - IIFL Securities with Religare Broking
Account Features Compare IIFL Securities Religare Broking
3 in 1 Account No IIFL Securities have 2-in-1 account. Only Demate and Trading account. No IIFL Securities have 2-in-1 account. Only Demate 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 Yes No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare IIFL Securities vs Religare Broking on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities 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 IIFL Securities with Religare Broking
Trading Platform Compare IIFL Securities Religare Broking
Desktop Trading Platform IIFL Trader terminal OdinDiet and Power FnO
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://ttweb.indiainfoline.com https://secure.religareonline.com/Login.aspx
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App IIFL Markets Religare Dynami
Mobile Trading App Demo IIFL Markets Demo Religare Dynami Demo
Android Mobile App Yes Yes
Android App Download Andriod IIFL Markets Download Andriod Religare Dynami Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IIFL Markets Download iOS Religare Dynami Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IIFL Securities Equity Intraday and Delivery Brokerage Calculator for Religare Broking
Futures Brokerage Calculator Futures Brokerage Calculator for IIFL Securities Futures Brokerage Calculator for Religare Broking
Options Brokerage Calculator Options Brokerage Calculator for IIFL Securities Options Brokerage Calculator for Religare Broking
Detail Detail on Trading Platforms for iifl-securities Detail on Trading Platforms for religare-broking

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Broker Ratings by Users

Compare IIFL Securities vs Religare Broking on User Rating

  IIFL Securities Religare Broking
  82 Customer Reviews    Rate IIFL Securities 56 Customer Reviews    Rate Religare Broking
Fees Ratings 3.1 3.2
Trading Brokerage Rating 2.9 3.2
Trading Platform Usability 3.4 3.0
Customer Service Ratings 2.9 2.9
Overall Ratings 2.8 2.9
Broker Rating IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews Religare Broking is Rated 2.9 / 5 based on 56 customer reviews
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Investment Offerings

Compare IIFL Securities vs Religare Broking on Investment Offerings

Compare IIFL Securities 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 - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - IIFL Securities provide PMS Service where Religare Broking doesn't offer

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

Compare IIFL Securities vs Religare Broking on Order Types

Order Type - Compare IIFL Securities 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) - 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 IIFL Securities with Religare Broking
Order Type Compare IIFL Securities Religare Broking
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 IIFL Securities vs Religare Broking on Customer Service

Compare IIFL Securities 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 IIFL Securities with Religare Broking
Customer Service Compare IIFL Securities Religare Broking
24/7 Customer Service IIFL Securities vs Religare Broking - 24x7 customer support Yes No
Email Support IIFL Securities vs Religare Broking - Email Support Yes Yes
Onine Live Chat IIFL Securities vs Religare Broking - Onine Live Chat Yes No
Phone Support IIFL Securities vs Religare Broking - Phone Support Yes Yes
Toll Free Number IIFL Securities vs Religare Broking - Toll Free Number Yes No
Through Branches IIFL Securities vs Religare Broking - Through Branches Yes Yes
Customer Care Number IIFL Securities vs Religare Broking - Customer Care Number 022-40071000 1860-25-88888
Account Opening Process IIFL Securities vs Religare Broking - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email IIFL Securities vs Religare Broking - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IIFL Securities vs Religare Broking - Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx Not available
Head Office Address IIFL Securities vs Religare Broking - Head Office Address/Corporate Address IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Religare Broking Limited,
2nd Floor,
Rajlok Building,
24, Nehru Place,
New Delhi-110019
Website IIFL Securities vs Religare Broking - Company Website https://www.indiainfoline.com/ http://www.religareonline.com
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Tips/Research/Reports Published

Compare IIFL Securities vs Religare Broking on Research Reports, Tips

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

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

Compare IIFL Securities vs Religare Broking on Demat Account

Compare IIFL Securities 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 IIFL Securities 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 IIFL Securities is 0.04% of transaction value (Min ₹25) + ₹5.50 (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 IIFL Securities with Religare Broking
  IIFL Securities Religare Broking
DP Source CDSL CDSL
DP ID IIFL Securities vs Religare Broking - DP ID 44700 30200
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹400 pa
Advance Deposit Nil Rs. 500/-
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹12
Demat ₹15 per certificate + ₹40 courier charges ₹5 per certificate + ₹30 courier charges
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹20 per certificate + ₹30 courier charges + CDSL Charges
Pledge Creation ₹50 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 Nil 0.02% of transaction value or ₹50 whichever is higher
Pledge Closure Confirmation Nil 0.02% of transaction value or ₹50 whichever is higher
Pledge Invocation Nil 0.02% of transaction value or ₹50 whichever is higher
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs Religare Broking on Special Offers and Promotion

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

Compare IIFL Securities vs Religare Broking on Special Offers and Promotion
  IIFL Securities Religare Broking
Pay In and Pay Out Options IIFL Securities vs Religare Broking - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only
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 IIFL Securities vs Religare Broking - Payout Time Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges IIFL Securities vs Religare Broking - Bank Supported and Charges Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms. 21+ bank connected via payment gatway, Rs 10 fee for per transaction.
Bank Detail India Infoline Ltd
Account No.:IILEQ1XXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0CMSNOC
RELIGARE BROKING LIMITED,
Account Number:30078551502
Bank and Branch: SBI,Capital Market Branch,Mumbai
Account Type: Current Account
IFSC Code:SBIN0011777
Likes
  • Hassle-free onboarding process at zero paperwork.
  • Zero Demat AMC for 1 year.
  • Lowest brokerage online trading at just Rs. 20/order
  • Free state-of-the-art mobile app, web, and desktop trading software.
  • Paperless mutual fund investment at zero brokerage.
  • Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc.
  • Comprehensive equity and mutual funds research.
  • Pre-IPO apply
  • Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order.
  • Margin trading facility.
  • Blogs and knowledge center for beginners.

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
  • IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility.
  • If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading.

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.
Enquiry Open IIFL Securities Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-14T04:42:55+00:00