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Religare Broking Vs TradeSmart: 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 TradeSmart ranges between Rs 15. Religare Broking is a Full Service Broker where TradeSmart is a Discount Broker. Religare Broking is having overall lower rating compare to TradeSmart. Religare Broking is rated only 3.5 out of 5 where TradeSmart is rated 4 out of 5. Number of active customer for Religare Broking is 1,43,944 where number of active customer for TradeSmart is 29,627. Religare Broking is serving more customer compare to TradeSmart.

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

  Religare Broking Compare
Religare Broking
TradeSmart Compare
TradeSmart
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 29,627
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 Open TradeSmart Account to trade at either 0.007% or Rs. 15 lowest flat brokerage charges on the best platforms (SINE mobile app and trading website, and TradeSmart App), and get active customer support.
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 TradeSmart on Trading & Demat Account Opening Charges

Comparison of Religare Broking with TradeSmart on trading & demat account opening charges and AMC. Trading account opening charges - Religare Broking charges Rs 500 for account opening where TradeSmart charges Rs 200 for account opening. Demat AMC charges - Religare Broking charges Rs 400 PA [Free for first year] AMC for Demat account where TradeSmart charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Religare Broking with TradeSmart
Charges Religare Broking TradeSmart
Trading Account Opening Fees Rs 500 Rs 200
Trading AMC Free Free
Demat Account Opening Fees Free Rs 200
Demat AMC Rs 400 PA [Free for first year] Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Religare Broking vs TradeSmart on Plan Options

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

Compare Religare Broking with TradeSmart on Plan Options
Plan Types Religare Broking TradeSmart
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 TradeSmart 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.

TradeSmart Brokerage Plan detail - 15 Rs Flat-rate power plan is good for big volume trader. This plan is good for traders who are not doing frequent trades but doing volume trade. This plan comes with up to 30x exposure on Equity.

Brokerage Charges - Compare Religare Broking with TradeSmart
Brokerage Charges Compare Religare Broking TradeSmart
Plan Name Religare One Brokerage Plan (Percentage Based) Flat Fee Rs 15 Trading Plan (Power Plan)
Equity Delivery 0.50% to 0.10% Flat Fee Rs 15
Equity Intraday 0.05% to 0.01% Flat Fee Rs 15
Equity Futures 0.05% or 5 paisa Flat Fee Rs 15
Equity Options Rs 70 Per Lot Flat Fee Rs 15
Currency Futures 0.05% or 5 paisa Flat Fee Rs 15
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 NIL
Hidden Charges Yes No
Funding Yes - 21% interest PA No
Call & Trade Charges Rs 10 per order, Max rs 50 per segment per day Rs 20 per executed Order
Auto Square off Charges Rs 10 per order, Max rs 50 per segment per day Rs 20 per executed Order
Brokerage Calculator Brokerage Calculator for Religare Broking Brokerage Calculator for TradeSmart
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Share Broker's Transaction Charges

Compare Religare Broking vs TradeSmart on Transaction Charges

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

Transaction Charges - Compare Religare Broking with TradeSmart
Transaction Charges Compare Religare Broking TradeSmart
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 trade-smart-online
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Account Features

Compare Religare Broking vs TradeSmart on Account Features

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

Account Features - Religare Broking with TradeSmart
Account Features Compare Religare Broking TradeSmart
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 Yes
Online Portfolio Yes No
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare Religare Broking vs TradeSmart on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Religare Broking and TradeSmart. 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 TradeSmart
Trading Platform Compare Religare Broking TradeSmart
Desktop Trading Platform OdinDiet and Power FnO NEST Trader & Fox Trader
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://sine.tradesmartonline.in/userMaster/login
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Religare Dynami Sine
Mobile Trading App Demo Religare Dynami Demo Sine Demo
Android Mobile App Yes Yes
Android App Download Andriod Religare Dynami Download Andriod Sine Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Religare Dynami Download iOS Sine 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 TradeSmart
Futures Brokerage Calculator Futures Brokerage Calculator for Religare Broking Futures Brokerage Calculator for TradeSmart
Options Brokerage Calculator Options Brokerage Calculator for Religare Broking Options Brokerage Calculator for TradeSmart
Detail Detail on Trading Platforms for religare-broking Detail on Trading Platforms for trade-smart-online

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Broker Ratings by Users

Compare Religare Broking vs TradeSmart on User Rating

  Religare Broking TradeSmart
  56 Customer Reviews    Rate Religare Broking 34 Customer Reviews    Rate TradeSmart
Fees Ratings 3.2 3.9
Trading Brokerage Rating 3.2 4.4
Trading Platform Usability 3.0 3.7
Customer Service Ratings 2.9 4.0
Overall Ratings 2.9 4.0
Broker Rating Religare Broking is Rated 2.9 / 5 based on 56 customer reviews TradeSmart is Rated 4.0 / 5 based on 34 customer reviews
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Investment Offerings

Compare Religare Broking vs TradeSmart on Investment Offerings

Compare Religare Broking with TradeSmart 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 - Religare Broking offers online mutual fund investment option where TradeSmart doesn't offer. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

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

Compare Religare Broking vs TradeSmart on Order Types

Order Type - Compare Religare Broking with TradeSmart 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) - TradeSmart 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 TradeSmart doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Religare Broking with TradeSmart
Order Type Compare Religare Broking TradeSmart
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 TradeSmart on Customer Service

Compare Religare Broking with TradeSmart 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 TradeSmart
Customer Service Compare Religare Broking TradeSmart
24/7 Customer Service Religare Broking vs TradeSmart - 24x7 customer support No No
Email Support Religare Broking vs TradeSmart - Email Support Yes Yes
Onine Live Chat Religare Broking vs TradeSmart - Onine Live Chat No Yes
Phone Support Religare Broking vs TradeSmart - Phone Support Yes Yes
Toll Free Number Religare Broking vs TradeSmart - Toll Free Number No No
Through Branches Religare Broking vs TradeSmart - Through Branches Yes No
Customer Care Number Religare Broking vs TradeSmart - Customer Care Number 1860-25-88888 022 61208000
Account Opening Process Religare Broking vs TradeSmart - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Religare Broking vs TradeSmart - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Religare Broking vs TradeSmart - Knowledge Center/Education Not available https://help.tradesmartonline.in/
Head Office Address Religare Broking vs TradeSmart - Head Office Address/Corporate Address Religare Broking Limited,
2nd Floor,
Rajlok Building,
24, Nehru Place,
New Delhi-110019
Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Website Religare Broking vs TradeSmart - Company Website http://www.religareonline.com https://tradesmartonline.in/
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Tips/Research/Reports Published

Compare Religare Broking vs TradeSmart on Research Reports, Tips

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

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

Compare Religare Broking vs TradeSmart on Demat Account

Compare Religare Broking with TradeSmart 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 TradeSmart is ₹300 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 TradeSmart is ₹25.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 TradeSmart
  Religare Broking TradeSmart
DP Source CDSL CDSL
DP ID Religare Broking vs TradeSmart - DP ID 30200 30400
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹300 pa
Advance Deposit Rs. 500/- NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹12 ₹25
Demat ₹5 per certificate + ₹30 courier charges ₹500 per certificate (Min ₹500 per request)
Remat ₹20 per certificate + ₹30 courier charges + CDSL Charges ₹500 per certificate (Min ₹500 per request)
Pledge Creation 0.02% of transaction value or ₹50 whichever is higher ₹200 per script
₹50 for trading margin each side
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 ₹200 per script
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 ₹200 per script
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Religare Broking vs TradeSmart on Special Offers and Promotion

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

Compare Religare Broking vs TradeSmart on Special Offers and Promotion
  Religare Broking TradeSmart
Pay In and Pay Out Options Religare Broking vs TradeSmart - 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 SIGN Mobile, SIGN Web and NEST Software.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Religare Broking vs TradeSmart - Payout Time Upto 24 Hrs except Bank Holidays. Up to 24 Hrs except Bank Holidays.
Bank Supported and Charges Religare Broking vs TradeSmart - Bank Supported and Charges 21+ bank connected via payment gatway, Rs 10 fee for per transaction. Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart 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
VNS Finance and Capital Services Ltd.,
Account Number:VNS095XXXXXXX
Bank and Branch: Yes Bank,CMS National Operating Centre MMR
Account Type: Current Account
IFSC Code: YESB0CMSNOC
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...

Check out the key advantages, reasons, or benefits on Why Choose TradeSmart For Stock Trading?

  • Trade in stocks, derivatives, currencies, and commodities.
  • Lowest brokerage: Trade at 15 flat brokerage fees.
  • Multiple trading platforms: SINE, TradeSmart App, Nest Trader, Fox Trader, etc.
  • Super-efficient Trade Smart Box integrated back office portal.
  • Tradetron Algo Trading with TradeSmart.
  • No minimum balance is required.
  • Instant UPI fund transfer.
  • Free of cost Swing API.
  • Apply for IPOs online using UPI.
  • Online Direct mutual fund investment at Rs.0 brokerage.
  • Online brokerage calculator to calculate trading cost upfront.
  • TradeSmart blogs, newsroom, and Knowledge hub for beginners to experts.
  • Advanced orders like bracket order (BO), cover order (CO), and after-market order (AMO).
  • Margin against shares (MAS) in your Demat account.
  • No Hidden charges.

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...

There are several disadvantages or limitations as well of trading with TradeSmart such as follows;

  • You cannot invest in SME IPOs.
  • TradeSmart App is only available on the Play Store.
  • NRIs cannot open a Demat and Trading account at Trade smart.
  • It does not provide trading tips, research, and portfolio management services.

Detail Review...

Special Offers/Promo - Account opening fees Rs 500 waived off if you open an account with Rs 25000 margin. Free Account Opening, Rs 400 Waived for a limited time.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

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