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Religare Broking Vs Alice Blue: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Religare Broking Max 0.05 to 0.50% per trade while the brokerage of Alice Blue ranges between Rs 15. Religare Broking is a Full Service Broker where Alice Blue is a Discount Broker. Religare Broking is having overall lower rating compare to Alice Blue. Religare Broking is rated only 3.5 out of 5 where Alice Blue is rated 4 out of 5. Number of active customer for Alice Blue is 1,63,460 where number of active customer for Religare Broking is 1,43,944. Alice Blue is serving more customer compare to Religare Broking.

Here we present side-by-side comparison of Religare Broking vs Alice Blue 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 Alice Blue'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 Alice Blue 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 Alice Blue'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 Alice Blue on Service

  Religare Broking Compare
Religare Broking
Alice Blue Compare
Alice Blue
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 1,43,944 1,63,460
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 Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders.
Broker Enquiry Request call back from Zerodha Request call back from Alice Blue
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Account Opening Charges and AMC

Compare Religare Broking vs Alice Blue on Trading & Demat Account Opening Charges

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

Trading & Demat Account Opening Charges - Compare Religare Broking with Alice Blue
Charges Religare Broking Alice Blue
Trading Account Opening Fees Rs 500 Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA [Free for first year] Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Religare Broking vs Alice Blue on Plan Options

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

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

Account Opening

  Zerodha Alice Blue
Account Opening Request
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Brokerage Charges

Compare Religare Broking vs Alice Blue 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.

Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 plan.

Brokerage Charges - Compare Religare Broking with Alice Blue
Brokerage Charges Compare Religare Broking Alice Blue
Plan Name Religare One Brokerage Plan (Percentage Based) F15 Plan
Equity Delivery 0.50% to 0.10% Free
Equity Intraday 0.05% to 0.01% 0.05% or Rs 15 whichever is lower
Equity Futures 0.05% or 5 paisa 0.05% or Rs 15 whichever is lower
Equity Options Rs 70 Per Lot Flat Fee Rs 15
Currency Futures 0.05% or 5 paisa 0.05% or Rs 15 whichever is lower
Currency Options Rs 30 Per Lot Flat Fee Rs 15
Commodity Trading Futures: 0.05%| Options: Rs 30 per lot Flat Fee Rs 15
Minimum Brokerage 1p per share NA
Hidden Charges Yes No
Funding Yes - 21% interest PA Yes - 24% interest PA
Call & Trade Charges Rs 10 per order, Max rs 50 per segment per day Rs 50 per order + GST
Auto Square off Charges Rs 10 per order, Max rs 50 per segment per day Rs 50 per order + GST
Brokerage Calculator Brokerage Calculator for Religare Broking Brokerage Calculator for Alice Blue
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Share Broker's Transaction Charges

Compare Religare Broking vs Alice Blue on Transaction Charges

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

Transaction Charges - Compare Religare Broking with Alice Blue
Transaction Charges Compare Religare Broking Alice Blue
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 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for religare-broking Complete Brokerage Plans for alice-blue
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Account Features

Compare Religare Broking vs Alice Blue on Account Features

Compare Religare Broking with Alice Blue 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 - Alice Blue offers Algo Trading where Religare Broking doesn't offers Algo Trading. Margin Funding - Both broker dont have a margin funding facility. NRI Trading - Both broker provides NRI Trading facility.

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

Compare Religare Broking vs Alice Blue on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Religare Broking and Alice Blue. 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 Alice Blue
Trading Platform Compare Religare Broking Alice Blue
Desktop Trading Platform OdinDiet and Power FnO ANT - Analyse and Trade
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://secure.religareonline.com/Login.aspx
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Religare Dynami ANT Mobile
Mobile Trading App Demo Religare Dynami Demo ANT Mobile Demo
Android Mobile App Yes Yes
Android App Download Andriod Religare Dynami Download Andriod ANT Mobile Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Religare Dynami Download iOS ANT Mobile 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 Religare Broking Equity Intraday and Delivery Brokerage Calculator for Alice Blue
Futures Brokerage Calculator Futures Brokerage Calculator for Religare Broking Futures Brokerage Calculator for Alice Blue
Options Brokerage Calculator Options Brokerage Calculator for Religare Broking Options Brokerage Calculator for Alice Blue
Detail Detail on Trading Platforms for religare-broking Detail on Trading Platforms for alice-blue

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Broker Ratings by Users

Compare Religare Broking vs Alice Blue on User Rating

  Religare Broking Alice Blue
  56 Customer Reviews    Rate Religare Broking 8 Customer Reviews    Rate Alice Blue
Fees Ratings 3.2 2.6
Trading Brokerage Rating 3.2 3.4
Trading Platform Usability 3.0 2.4
Customer Service Ratings 2.9 2.6
Overall Ratings 2.9 2.1
Broker Rating Religare Broking is Rated 2.9 / 5 based on 56 customer reviews Alice Blue is Rated 2.1 / 5 based on 8 customer reviews
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Investment Offerings

Compare Religare Broking vs Alice Blue on Investment Offerings

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

Compare Religare Broking vs Alice Blue on Order Types

Order Type - Compare Religare Broking with Alice Blue 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) - Alice Blue provides 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- Religare Broking offers Good Till Cancelled (GTC) orders where Alice Blue doesn't support Good Till Cancelled (GTC) orders.

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

Compare Religare Broking vs Alice Blue on Customer Service

Compare Religare Broking with Alice Blue 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 Alice Blue
Customer Service Compare Religare Broking Alice Blue
24/7 Customer Service Religare Broking vs Alice Blue - 24x7 customer support No No
Email Support Religare Broking vs Alice Blue - Email Support Yes No
Onine Live Chat Religare Broking vs Alice Blue - Onine Live Chat No Yes
Phone Support Religare Broking vs Alice Blue - Phone Support Yes Yes
Toll Free Number Religare Broking vs Alice Blue - Toll Free Number No No
Through Branches Religare Broking vs Alice Blue - Through Branches Yes Yes
Customer Care Number Religare Broking vs Alice Blue - Customer Care Number 1860-25-88888 08035215000/080-45490850
Account Opening Process Religare Broking vs Alice Blue - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Religare Broking vs Alice Blue - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Religare Broking vs Alice Blue - Knowledge Center/Education Not available https://tradeschool.aliceblueonline.com/
Head Office Address Religare Broking vs Alice Blue - Head Office Address/Corporate Address Religare Broking Limited,
2nd Floor,
Rajlok Building,
24, Nehru Place,
New Delhi-110019
Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Website Religare Broking vs Alice Blue - Company Website http://www.religareonline.com https://www.aliceblueonline.com
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Tips/Research/Reports Published

Compare Religare Broking vs Alice Blue on Research Reports, Tips

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

Research Reports - Compare Religare Broking with Alice Blue
  Religare Broking Alice Blue
Research Mutual Funds Religare Broking vs Alice Blue - Research Mutual Funds Yes No
Research Equity Reports Religare Broking vs Alice Blue - Research Equity Reports Yes No
Research ETF Religare Broking vs Alice Blue - Research ETF Yes No
Daily Market Report Religare Broking vs Alice Blue - Daily Market Report Yes Yes
Free Tips Religare Broking vs Alice Blue - Free Tips Yes No
Quarterly Result Analysis Religare Broking vs Alice Blue - Quarterly Results Yes No
News Alerts Religare Broking vs Alice Blue - Yes No
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Demat Account

Compare Religare Broking vs Alice Blue on Demat Account

Compare Religare Broking with Alice Blue 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 Alice Blue is ₹400 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 Alice Blue is 0.04% of the value of the transaction.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 Alice Blue
  Religare Broking Alice Blue
DP Source CDSL CDSL
DP ID Religare Broking vs Alice Blue - DP ID 30200 83500
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹400 pa
Advance Deposit Rs. 500/- Rs 0
Statutory charges Nil Rs 150 Stamp Charges
Transaction Charges on Debit (Per ISIN) ₹12 0.04% of the value of the transaction
Demat ₹5 per certificate + ₹30 courier charges ₹10 per certificate + ₹50 courier charges
Remat ₹20 per certificate + ₹30 courier charges + CDSL Charges ₹30 per certificate + CDSL charges
Pledge Creation 0.02% of transaction value or ₹50 whichever is higher ₹20 + CDSL charges
Pledge Creation Confirmation 0.02% of transaction value or ₹50 whichever is higher Nil
Pledge Closure 0.02% of transaction value or ₹50 whichever is higher ₹20 + CDSL charges
Pledge Closure Confirmation 0.02% of transaction value or ₹50 whichever is higher Nil
Pledge Invocation 0.02% of transaction value or ₹50 whichever is higher ₹20 + CDSL charges
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Religare Broking vs Alice Blue on Special Offers and Promotion

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

Compare Religare Broking vs Alice Blue on Special Offers and Promotion
  Religare Broking Alice Blue
Pay In and Pay Out Options Religare Broking vs Alice Blue - 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 via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Alice Blue Mobile, ANT Desk and ANY Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Religare Broking vs Alice Blue - Payout Time Upto 24 Hrs except Bank Holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Religare Broking vs Alice Blue - Bank Supported and Charges 21+ bank connected via payment gatway, Rs 10 fee for per transaction. Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms.
Bank Detail RELIGARE BROKING LIMITED,
Account Number:30078551502
Bank and Branch: SBI,Capital Market Branch,Mumbai
Account Type: Current Account
IFSC Code:SBIN0011777
Aliceblue Financial Services,
Account Number:ABFNSEXXXXXXXX
Bank and Branch: HDFC Bank,Sathy Road,Erode
Account Type: Current Account
IFSC Code: HDFC0000232
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...

  • Trade on NSE, BSE, and MCX
  • No brokerage on equity, IPO, and mutual funds
  • Zero account opening charges
  • Pay Rs 15/order brokerage
  • Free Inuvest Advisory services and trading insights across segments
  • TradingView charts, lots of technical indicators, stock and F&O screeners.
  • Stock SIP in equity
  • Great technology platforms for trading and investment
  • Free access to ANT API
  • Strong PAN India Presence
  • Dedicated mutual fund investment app
  • TradeSchool (Web and app) a free stock market education platform
  • Place bracket order, cover order, and basket order.
  • Margin Trading facility (MTF)

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...

  • No NRI Trading
  • No zero brokerage unlimited trading plan
  • No installable trading terminal
  • Alice blue mutual fund app (Rise) is not available on App store.
  • No GTT Order
  • Sometimes, its platform experienced technical glitches.

Detail Review...

Special Offers/Promo - Account opening fees Rs 500 waived off if you open an account with Rs 25000 margin.
Enquiry Open Zerodha Account Now>> Open Alice Blue Account Now>>

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