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Religare Securities Review 2022

Rated 3.5 stars Rated 3.5/5 by Top Share Brokers Team
Last updated on: 1-Sep-2022
Religare securities Limited Review
  • Ranked #1 Broker in India(5*)
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  • Religare Broking Review 2022 - Quick Summary

    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, and research reports for free.


    Rated 3.5 stars

    Religare Broking Top Highlight for 2022

    • One-stop destination for all your trading and investment need.
    • Religare One and Elite Brokerage plan with different benefits.
    • No brokerage on loss-making intraday trade for 3 months.
    • Free 3 months Options Pro Plan: Equity options @ Rs. 5/lot and commodity & currency @ Rs. 2/lot.
    • Free Demat & Trading account opening.
    • Invest in US stocks and mutual funds for free.
    • Invest in SmartInvest (WealthBasket) and SmartInvest (Narolina) wealth management products.
    • User-friendly Dynami mobile app and Religare online web platform.
    • Quality research: Trading tips, intraday recommendations, and investment ideas.

    About Religare Broking

    Religare Broking is a broking arm of Religare Enterprises, a diversified financial group service provider company. Religare Securities is an active trading member of exchanges including BSE, NSE, MCX, and NCDEX to offer online trading in stocks, equity derivatives, currencies, commodities, IPO, mutual funds, NCDs, insurance, and other products.

    Sign up for a free Demat & Trading account today to experience a hassle-free trading journey with the broker. From customized brokerage plans to fascinating remote trading tools & platforms, and research, Religare Broking house has progressively evolved throughout the years and carved a strong reputation in the brokerage industry.

    The broking firm currently offers attractive account opening benefits under the Religare One Plan including zero brokerage on non-profitable intraday trades, free equity delivery trading, and charges minimal brokerage fees of Rs. 5 per lot on equity options trading. However, premium clients can even subscribe to the Religare Elite Plan.

    Whether you are a novice trader or an experienced one, Religare trading platforms are really easy to use for everyone. It has all types of platforms and tools including the Religare Online trading website, Religare Dynami mobile app, and Religare ODIN Diet desktop trading terminal. The broker facilitates online paperless mutual fund investment on the Religare Dynami Wrap app.

    The full-service brokerage house also has an award-winning research team to provide in-depth research reports and powerful insights. The team of experienced researchers at Religare provides trading calls or tips, investment ideas,, and research reports.

    Customer assistance is offered across online and offline channels; e-mail, helpline desk, webform (leave a query), dedicated NRI desk, and branch support.

    To find whether Religare Broking is a good fit for you or not, check out the latest Religare Broking Review 2022 including the most reliable information about its account opening charges, brokerage fees, trading platforms & tools, customer care details, and Pros &Cons uncovered.

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    Religare Broking Brokerage Plan, Fees and Charges

    Rated 3 stars Brokerage and Commission Rated 3/5

    Religare brokerage house offers you two pricing plans; 1. Religare One for online traders & investors, and 2. Religare Elite, a personalized plan for premium customers. You can choose any of these two plans based on your requirements. The notable difference between the said plans is Elite is a personalized plan that offers value-added features like customized brokerage, a dedicated relationship manager, and access to exclusive research insights.

    Religare charges no brokerage on delivery trades means investment in stocks is free. Further the plan provides 3 months free subscription to Fair Deal Plan (zero brokerage fees on non-profitable intraday trades), and also provides Options Pro Plan (lowest brokerage fee of Rs. 5 per lot on options trading). Check out the Religare brokerage charges (Religare One Plan) as follows;

    Religare Broking Account Opening Charges

    Trading Account Opening Charges: Rs 500
    Trading Account AMC: Free
    Demat Account Opening Charges: Free
    Demat Account AMC: Rs 400 PA [Free for first year]

    Religare Broking Brokerage Plan 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 5paisa Zerodha Upstox Paytm Money
    Service Type Full Service Broker Discount Broker Discount Broker Discount Broker Discount Broker
    Brokerage Range 0.05 to 0.50% Rs 20 Rs 20 Rs 20 Rs 15
    Account Type 2 in 1 2 in 1 3 in 1 3 in 1 2 in 1
    Equity Delivery 0.50% to 0.10% Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 15 whichever is lower
    Equity Intraday 0.05% to 0.01% Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
    Equity Futures 0.05% or 5 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 15 whichever is lower
    Equity Options Rs 70 Per Lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 15 per order
    Commodity Futures: 0.05%| Options: Rs 30 per lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
    Currency Futures 0.05% or 5 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
    Currency Options Rs 30 Per Lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
    Rating
    Rated 3.5 stars
    Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

    Other Charges

    • Call & Trade Charges: Rs 10 per order, Max rs 50 per segment per day
    • RMS Auto Square Off Charges: Rs 10 per order, Max rs 50 per segment per day
    • Hidden Charges: Yes

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

    Please refer unique and accurate Religare Broking Brokerage Calculator


    Type of Account offered by Religare Broking

    Whether you are a resident or reside overseas, you can open an online account with Religare Securities at zero paperwork, and start online trading on the state-of-the-art platforms i.e., Dynami app, and Religare Online to kickstart your investment journey.

    Religare Trading & Demat Account

      Religare Broking is a CDSL and NSDL depository participant to provide the facility of opening a demat account with the broker. Customers can open an integrated 2-in-1 account (Demat + Trading) and trade or invest in shares, derivatives, commodities, currencies, IPO, and mutual funds. It also distributes products like life insurance, health insurance, general insurance, NCD, NPS, and ETFs. Religare Demat Account is a single account to keep both equity and debt instruments at one place.

      Religare full-service brokerage firm also provides SmartInvest portfolio management services. WealthDesk portfolio is a SEBI-registered investment advisor or expert-curated portfolio of stocks, ETFs, and mutual funds. SmartInvest (Narnolia) is another wealth management product or research-backed thematic basket designed by NS Investment Advisory. There are multiple baskets like NS Industry Leaders, NS Multi Cap, NS Mid and Small Cap, etc.

      Does Religare offer free account opening? Yes, Religare broking brings the benefits of opening an absolutely free-of-cost trading & demat account, getting free access to Religare research, and trading in your desired segment via mobile, web, or desktop terminal.

    Religare NRI Trading Account

      NRI who wants to trade in the Indian stock market can open an NRI Trading A/c + NRI Demat Account with Religare Securities. The NRI account facilitates trading in equity delivery, equity futures & options, and investment in IPO and mutual funds. Likewise, residents, NRIs will have access to the Religare research reports and the broker also provides dedicated support to overseas clients. They can trade via Religare Dynami mobile app and Religare Online trading website.

    Religare Global Investment Account

      Religare facilitates global investment in US stocks to diversify your portfolio and get good returns. Open a global investment account to buy and sell more than 1,000 US stocks like Facebook, Netflix, Amazon, Uber, Microsoft, Alphabet, etc., ETF, and invest in curated portfolios at zero brokerage charges. The easy and hassle-free onboarding process, fractional investing, and safe & secure platform with 256-bit encryption, and SSL protection are the top-notch reasons to open a global investment account with Religare.


    How to open Religare Broking Account online?

    As said above, Religare facilitates clients to open an online demat cum trading account at zero charges at no paperwork. The digital onboarding process is unexceptionally quick, simple, and hassle-free to open an account instantly in just 10 minutes.

    Steps to open Religare Trading and Demat Account Online;

    1. Visit to the Religare online website.
    2. On the right side, tap on the “Open an Account”
    3. Sign up for free by providing your name, mobile number, email, and city.
    4. Verify your mobile number with OTP.
    5. Fill up details like your PAN number, DOB and personal details.
    6. Link a personal bank account for fund transfer.
    7. Upload a list of scanned documents.
    8. E-sign the account opening application form via Aadhaar OTP.
    9. You are done! Once documents are verified by the Religare Team, you will receive a welcome kit on your email with Religare account login details.
  • Free Demat Account
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    Religare Broking Mobile App and Trading Platforms

    Rated 4 stars Trading Platforms Rated 4/5

    Trade with smart technology and user-friendly platforms to meet all your trading and investing requirements. Religare Broking offers multiple types of platforms including an online web portal, Dynami mobile trading app, and a Dynami Wrap mutual fund app platform for free. It also provides Diet ODIN installable desktop software particularly recommended to active intraday traders.

    Religare Dynami Mobile App

      Religare Dynami app is one of the most user-friendly, and the fastest mobile trading app and comes with an easy and intuitive interface to help traders take advantage of endless market opportunities. From instant buy & sell order placement, to real-time intraday and historical charting, live portfolio tracking, smart search bar, user-based customized watchlist, instant fund transfer, real-time price update, and access to reports, the Dynami app brings all the features right to your palm.

      Whether you use Android mobile device or iOS fanatic, you can download the Religare Dynami stock trading app on your device and start online trading on BSE, NSE, and MCX.

      Download Religare Dynami App on Android Download Religare Dynami App on iOS Devices

    Religare Online Web Platform

      Likewise every broker, Religare also has a dedicated web-based remote online trading platform that specifically works with browsers. Religare customers can log in to the trading website to stay hooked with the real-time stock price movement by creating favorite scrips to the watchlists, 10 days of intraday trading data, 5 years of historical price data, and much more.

      Whether you are using a laptop, desktop, or mobile device, you can simply log in to the Religare trading website on the web browser to trade across exchanges.

    Religare ODIN Diet Desktop Trading Terminal

      ODIN Diet is an installable desktop trading software or terminal to trade in cash, derivatives, currencies, commodities, mutual funds, and IPOs on one screen. The platform is loaded with features such as real-time streaming quotes, technical intraday and EOD charting, multiple market watches, hassle-free payins, and payout process, and is also integrated with the back office.

    Religare Dynami Wrap Mutual Fund App

      Dynami Wrap is a simplified and hassle-free online mutual fund investment app to start SIP or invest the one-time lumpsum amount on the go. Get all the details about your favorite mutual fund scheme, fund scanner, portfolio tracking, return calculators, and stay notified of SIP due dates and orders. You can start SIP with even just Rs. 500 per month to achieve the goal of financial freedom.

      The app has both direct and regular mutual fund plans from 30+ top AMCs like HDFC, ICICI, Kotak, Tata, and more. The broker provides the Dynami Wrap MF app on the Play store and the App store for android and iOS smartphone devices.

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


    Religare Broking Trading Pros

    • 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.

    Religare Broking Trading Cons

    • Minimum brokerage charges is levied.
    • Non-transparent brokerage structure.
    • Religare does not have a flat discount brokerage plan.
    • ODIN Diet is a paid platform.

    Religare Broking Customer Care info

    Do you want assistance while trading in the share market? Religare broking house maintains multiple touchpoint to stay connected with users and provide them a platform to raise query. It offers services via helpline email, customer care number/helpdesk, webform (https://www.religareonline.com/raise-a-query), and offline branch-support. It also has a dedicated service desk for overseas clients with call & trade (1206798000) and customer care services (08068713412).

    The customer care executives will answer calls in the operational service timings (Monday to Friday: 8:30AM – 7:30PM, and Saturday: 9:00AM – 6:00PM). In case, you are not satisfied with the resolution, raise your voice to the Customer Service Manager by writing a mail at [email protected].

    It does not have any toll-free number to provide 24*7 customer support.

    • Religare Broking Customer Care Phone Number: 1860-25-88888
    • Religare Broking Customer Support Email: [email protected]
    • Religare Broking Knowledge Center: Not available

    Final thought about Religare Broking

    Rated 3.5 stars Rated 3.5/5 by 56 users

    Religare broking house has positioned itself as one of the reputed full-service brokers in India by providing a multitude of trading & investment products, multiple brokerage plans, user-friendly online trading platforms, and the best-in-class in-house research services.

    However, when compared with the top full-service brokerage houses like HDFC Securities, ICICI Direct, and Kotak Securities, Religare still lags behind in the race. Average customer service quality and high brokerage charges are the key concerns to choosing Religare as your preferred gateway to trading.

    Request call back from Zerodha

    Last updated on: 2022-09-01

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    Religare securities Limited User Reviews

    avatar
    13. Ashok Jain Dec 18 2020 02:19:02 PM Reply
    I listened good about you so
    avatar
    12. Yogesh Sharma Sep 05 2020 11:25:09 AM Reply
    Brokerage is high, not much useful tools on trading site and in app like zerodha, thinking to port to zerodha

    Ratings:

    Brokerage - Below Average
    Account Maintenance Fees - Average
    Website Usability - Below Average
    Customer Service - Average
    Overall Experience - Below Average
    avatar
    11. Rajiv Apr 24 2019 09:11:37 AM Reply
    What is your advanced brokerage plane
    avatar
    10. Rajiv Apr 24 2019 09:10:20 AM Reply
    What is your advanced brokerage plane
    avatar
    9. M G KUMAR Jan 15 2019 07:16:36 PM Reply
    Branch Address and Contact details at Adoni, Kurnool Dist, Andhra Pradesh.
    avatar
    8. M GANDHI KUMAR Jan 15 2019 07:14:06 PM Reply
    Religare Branch Office Address and Contact number at Adoni, Kurnool Dist, Andhra Pradesh.
    avatar
    7. M GANDHI KUMAR Jan 15 2019 07:11:34 PM 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.
    avatar
    6. Supriya Dec 12 2018 07:28:58 PM Reply
    Is their branch available in Nerul, Navi Mumbai?
    avatar
    5. ankush sarda Dec 12 2018 02:08:35 PM Reply
    I WANT TALK WITH YOUR BUSINESS DEVELOPMENT MANAGER . CAN YOU PLEASE MAKE A CALL.
    avatar
    4. s chaudhuri Aug 31 2018 02:47:48 PM 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