Religare Securities Review 2019

Rated 3.5/5 by Top Share Brokers Team
Religare securities Limited Review

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Religare Enterprises Limited (REL) is a Group of subsidiaries and operating entities that deals in diversified financial services in India. The company is into businesses of Loan to SME, Capital Markets,Wealth Management,Asset Management and health Insurance.

Religare Securities Ltd as a part of REL, is one of the leading multi-asset class retail broking and distribution platforms in India. The Broker has strong customer base of around 8 lakh and presence in 500 cities of India.

Religare is a member of the NSE, BSE, MCX-SX, USE and a depository participant (DP) with NSDL and CDSL. It offers facility to trade in Equity, Derivatives, Currency mutual Fund, bonds, IPOs and Commodity (through its subsidiary Religare Commodities Limited). RSL also offers TIN facilitation & PAN facility at select branches and works as NSDL-appointed enrolment agency for Aadhaar UID (Unique Identification Number) and an AMFI-registered mutual fund distributor.

Trading with Religare can be done by using any of the ways: online, call n trade or by visiting your nearest branch. It is mandatory to have depository account along with trading account with Religare.

The Broker has a team of professionals to support all customer queries over phone and Emails though mostly clients are not very satisfied with the overall customer service. Call n trade can be done by paying Rs 10 per call with maximum of Rs.50/- per day in a particular segment.

Review Summary

Religare offers online investors the wide variety of tools and services they need to succeed, and for investors seeking guidance, Religare's massive branch office network, which offers reliable and personable relationships, help the broker to easily capture market share.


Benefits

  • "BSE Award For Aspiring India 2015" under the category "Leveraging Digital and Technology for Business Growth".
  • Dedicated Branch & Relationship Manager.
  • Customised and Competitive Brokerage plans.
  • Personalized equity research reports and actionable stock tips.
  • Intelligent tools like Portfolio Tracker and Smart Stock Screener.

Considerations

  • Call and trade is not free.
  • Minimum brokerage charged.
  • Not transparent in terms of other charges.

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Religare Broking Investment Options Compare

Here we are comparing Religare Broking with its 5 close competitors on investment options.

Broker Religare Broking Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance Yes Yes Yes No No

Religare Broking Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

Religare Broking Account Opening Charges

      »»  Trading Account Opening Charges: Rs 500
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 300 PA

Religare Broking Brokerage

Broker claims to offers flexible and competitive brokerage rates according to customer's trading pattern and specific requirements.

The Brokerage for Equity Delivery is .50% which is standard with most of the full service brokers.

For Intraday and Future trades, brokerage is .05% with minimum of 5 paisa per share.

Option trade runs @ Rs. 100/- per lot subject to max. of 2.5% .

There is a subscription fee of Rs 999 for EXE based Diet Users.

Advanced brokerage schemes with lower brokerage denomination is also available.

Demat Account AMC is Rs. 400/- Per annum (Second Year Onwards)

For complete brokerage charges and trading plans detail please visit Religare Broking Brokerage Charges.

Religare Broking with closest competitors

Here we are comparing Religare Broking with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Religare Broking Sharekhan 5paisa Zerodha SAMCO
Service Type Full Service Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range .05 to .5% 0.1 to 0.5% Rs 10 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery 0.5% or 50 paisa 0.5% or 50 paisa Flat Fee Rs 10 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Rs 70 Per Lot 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.05% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Rs 30 Per Lot 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate Religare Broking Brokerage Calculator


Open Trading and Demat Account with Religare securities Limited

For online trading with Religare, investor has to open an account. Following are the ways to open an account with Religare:

There are 2 simple ways to open an account with Religare.:

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Religare Broking Trading Platform and Tools

Trading Platforms Rated 4/5

    The Smart Stock Screener, an intelligent tool offered by Religare, allows you to define a set of criteria and parameters like minimum and maximum share price, dividend yield, PE ratio, etc. according to your investment strategy.

    Another tool called Smart Portfolio Tracker will help you Track the performance of your investments by gaining up-to-the-minute movements of your holdings.

    Religare supports web based, terminal based and mobile app based trading platforms:

    Reliagareonline.com: This is the online share trading web portal of Religare Securities. Religare Online is powered by smart features like valuable and insightful research reports and advanced self-research tools like Star Ratings and Tech Scan . Religare Online also offers an exclusive research enabled trading platform for derivatives customers.

    POWER FnO : It is the real-time (tick by tick streaming) price analytics & trading platform for traders in the Derivatives market. It provides high quality information, visuals, heat-map, strategies, alerts and market data.

    Religare ODIN DIET: It is a comprenhensive trading software that can be downloaded on your desktop for trading in cash, derivatives, mutual funds, IPOs, currencies and commodities all in one screen. It is power packed with useful features like advanced portfolio tracker, live market watch, stock screener, technical analysis of stocks and many more.

    "Trade on the Go" - Religare Online's mobile trading app gives you freedom to trade anytime anywhere across Equities, Derivatives, Commodities & Currencies at your fingertips.

    crn.religare.in was web trading platform from religare, New link for trading login is https://secure.religareonline.com

    For detail review of mobile app and download please visit Religare Broking Trading Platform Review.

Religare Broking Trading Platform Compare

Here we are comparing Religare Broking with its 5 close competitors on Trading Platform.

Broker Religare Broking Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site No Yes Yes Yes Yes

Final thought about Religare Broking

Rated 3.5/5 by 55 users

The Broker's services and features are endless, whether it is research and analytical reports, single sign in platform , wide variety of products and tools, Relationship managers and partner support, centralized and Regional Risk Management Cell.

The Broker is rich in its offering and the brokerage is also flexible as per your trading needs but it is not clearly quoted anywhere on the website.

On an on a big name in Broking Industry but as always there can be improvement in things like transparency, hidden charges, customer service and skillful executives.

If you like what you have read and want to start trading, leave your contact information with us and we will guide you.

Last updated on 2019-06-27


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Religare securities Limited User Reviews

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11. Rajiv Apr 24, 2019 8:11:37 AM IST Reply
What is your advanced brokerage plane
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10. Rajiv Apr 24, 2019 8:10:20 AM IST Reply
What is your advanced brokerage plane
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9. M G KUMAR Jan 15, 2019 6:16:36 PM IST Reply
Branch Address and Contact details at Adoni, Kurnool Dist, Andhra Pradesh.
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8. M GANDHI KUMAR Jan 15, 2019 6:14:06 PM IST Reply
Religare Branch Office Address and Contact number at Adoni, Kurnool Dist, Andhra Pradesh.
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7. M GANDHI KUMAR Jan 15, 2019 6:11:34 PM IST Reply
Hi, I M G KUMAR from Adoni, kurnool Dist, Andhra Pradesh, i opened a demat account last 12 years and perate trade for two years, now i settled in karnataka and i cant update my KYC. plz give the branch address and contract details of Religare Branch office at Adoni.
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6. Supriya Dec 12, 2018 6:28:58 PM IST Reply
Is their branch available in Nerul, Navi Mumbai?
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5. ankush sarda Dec 12, 2018 1:08:35 PM IST Reply
I WANT TALK WITH YOUR BUSINESS DEVELOPMENT MANAGER . CAN YOU PLEASE MAKE A CALL.
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4. s chaudhuri Aug 31, 2018 1:47:48 PM IST Reply
Fabulous Research calls . I made money !!

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Excellent
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3. Ravi Mishra Feb 14, 2018 9:40:20 AM IST Reply
Very poor customer service
Very poor web usability
No help & guidance
Transferred amount deduction any time

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
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2. b s bani Mar 3, 2017 6:14:46 PM IST Reply
poor

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

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