FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

HDFC Sky 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 HDFC Sky Max Rs 20 per trade while the brokerage of Religare Broking ranges between 0.05 to 0.50%. HDFC Sky is a Discount Broker where Religare Broking is a Full Service Broker. HDFC Sky is having overall higher rating compare to Religare Broking. HDFC Sky is rated 4 out of 5 where Religare Broking is rated only 3.5 out of 5. Number of active customer for HDFC Sky is 10,62,264 where number of active customer for Religare Broking is 1,40,818. HDFC Sky is serving more customer compare to Religare Broking.

Here we present side-by-side comparison of HDFC Sky 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 HDFC Sky 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 HDFC Sky 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 HDFC Sky 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 HDFC Sky vs Religare Broking on Service

  HDFC Sky Compare
HDFC Sky
Religare Broking Compare
Religare Broking
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE, MCX
Active Clients 10,62,264 1,40,818
Broker Overview HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi... Know more about HDFC Sky 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 Zerodha Request call back from Zerodha
Expand

Account Opening Charges and AMC

Compare HDFC Sky vs Religare Broking on Trading & Demat Account Opening Charges

Comparison of HDFC Sky with Religare Broking on trading & demat account opening charges and AMC. Trading account opening charges - HDFC Sky offer Free account opening where Religare Broking charges Rs 500 for account opening. Demat AMC charges - HDFC Sky charges Rs 240 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 HDFC Sky with Religare Broking
Charges HDFC Sky Religare Broking
Trading Account Opening Fees Free Rs 500
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 240 PA (Free for 1st year) Rs 400 PA [Free for first year]
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare HDFC Sky vs Religare Broking on Plan Options

Plans are the most important feature you look when compare HDFC Sky 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 HDFC Sky with Religare Broking on Plan Options
Plan Types HDFC Sky Religare Broking
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
Expand

Brokerage Charges

Compare HDFC Sky vs Religare Broking on Brokerage Charges

HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee 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 HDFC Sky with Religare Broking
Brokerage Charges Compare HDFC Sky Religare Broking
Plan Name Fixed pricing model Religare One Brokerage Plan (Percentage Based)
Equity Delivery 0.1% or Rs 20 whichever is lower 0.50% to 0.10%
Equity Intraday 0.1% or Rs 20 whichever is lower 0.05% to 0.01%
Equity Futures 0.1% or Rs 20 whichever is lower 0.05% or 5 paisa
Equity Options Flat Fee Rs 20 Rs 70 Per Lot
Currency Futures 0.1% or Rs 20 whichever is lower 0.05% or 5 paisa
Currency Options Flat Fee Rs 20 Rs 30 Per Lot
Commodity Trading Flat Fee Rs 20 Futures: 0.05%| Options: Rs 30 per lot
Minimum Brokerage NIL 1p per share
Hidden Charges No Yes
Funding Yes - 12% interest PA Yes - 21% interest PA
Call & Trade Charges Rs 20 per call Rs 10 per order, Max rs 50 per segment per day
Auto Square off Charges 0.1% or Rs 20 whichever is lower Rs 10 per order, Max rs 50 per segment per day
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for Religare Broking
Expand

Share Broker's Transaction Charges

Compare HDFC Sky vs Religare Broking on Transaction Charges

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

Transaction Charges - Compare HDFC Sky with Religare Broking
Transaction Charges Compare HDFC Sky 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 NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for hdfc-sky Complete Brokerage Plans for religare-broking
Expand

Account Features

Compare HDFC Sky vs Religare Broking on Account Features

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

Account Features - HDFC Sky with Religare Broking
Account Features Compare HDFC Sky Religare Broking
3 in 1 Account Yes, HDFC Sky have 3-in-1 accounts. Bank Account, Demat and Trading account. No HDFC Sky 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
Expand

Trading Platform

Compare HDFC Sky vs Religare Broking on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky 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 HDFC Sky with Religare Broking
Trading Platform Compare HDFC Sky Religare Broking
Desktop Trading Platform HDFC Sky OdinDiet and Power FnO
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://hdfcsky.com/ https://secure.religareonline.com/Login.aspx
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App HDFC Sky App Religare Dynami
Mobile Trading App Demo HDFC Sky App Demo Religare Dynami Demo
Android Mobile App Yes Yes
Android App Download Andriod HDFC Sky App Download Andriod Religare Dynami Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS HDFC Sky App 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 HDFC Sky Equity Intraday and Delivery Brokerage Calculator for Religare Broking
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for Religare Broking
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for Religare Broking
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for religare-broking

Expand

Broker Ratings by Users

Compare HDFC Sky vs Religare Broking on User Rating

  HDFC Sky Religare Broking
  97 Customer Reviews    Rate HDFC Sky 56 Customer Reviews    Rate Religare Broking
Fees Ratings 2.4 3.2
Trading Brokerage Rating 2.1 3.2
Trading Platform Usability 2.9 3.0
Customer Service Ratings 2.8 2.9
Overall Ratings 2.4 2.9
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews Religare Broking is Rated 2.9 / 5 based on 56 customer reviews
Expand

Investment Offerings

Compare HDFC Sky vs Religare Broking on Investment Offerings

Compare HDFC Sky 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) - both the brokers don't have PMS Service.

Investment Offerings - Compare HDFC Sky with Religare Broking
Investment Offerings Compare HDFC Sky 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 Yes No
Insurance No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
Expand

Order Types

Compare HDFC Sky vs Religare Broking on Order Types

Order Type - Compare HDFC Sky 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) - HDFC Sky provide 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)- Religare Broking offers After market orders where HDFC Sky doesn't offers AMO. 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 HDFC Sky with Religare Broking
Order Type Compare HDFC Sky Religare Broking
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes No
AMO-After Market Orders No Yes
GTC-Good Till Cancelled Yes Yes
Expand

Customer Service Offered

Compare HDFC Sky vs Religare Broking on Customer Service

Compare HDFC Sky 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 HDFC Sky with Religare Broking
Customer Service Compare HDFC Sky Religare Broking
24/7 Customer Service HDFC Sky vs Religare Broking - 24x7 customer support No No
Email Support HDFC Sky vs Religare Broking - Email Support Yes Yes
Onine Live Chat HDFC Sky vs Religare Broking - Onine Live Chat No No
Phone Support HDFC Sky vs Religare Broking - Phone Support Yes Yes
Toll Free Number HDFC Sky vs Religare Broking - Toll Free Number No No
Through Branches HDFC Sky vs Religare Broking - Through Branches Yes Yes
Customer Care Number HDFC Sky vs Religare Broking - Customer Care Number 1800 121 2109 1860-25-88888
Account Opening Process HDFC Sky vs Religare Broking - Account Opening Process Online Online/Paperless
Customer Support Email HDFC Sky vs Religare Broking - Customer Support Email [email protected] [email protected]
Knowledge Center/Education HDFC Sky vs Religare Broking - Knowledge Center/Education https://hdfcsky.com/learn Not available
Head Office Address HDFC Sky vs Religare Broking - Head Office Address/Corporate Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Religare Broking Limited,
2nd Floor,
Rajlok Building,
24, Nehru Place,
New Delhi-110019
Website HDFC Sky vs Religare Broking - Company Website https://hdfcsky.com/ http://www.religareonline.com
Expand

Tips/Research/Reports Published

Compare HDFC Sky vs Religare Broking on Research Reports, Tips

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

Research Reports - Compare HDFC Sky with Religare Broking
  HDFC Sky Religare Broking
Research Mutual Funds HDFC Sky vs Religare Broking - Research Mutual Funds Yes Yes
Research Equity Reports HDFC Sky vs Religare Broking - Research Equity Reports Yes Yes
Research ETF HDFC Sky vs Religare Broking - Research ETF Yes Yes
Daily Market Report HDFC Sky vs Religare Broking - Daily Market Report Yes Yes
Free Tips HDFC Sky vs Religare Broking - Free Tips Yes Yes
Quarterly Result Analysis HDFC Sky vs Religare Broking - Quarterly Results Yes Yes
News Alerts HDFC Sky vs Religare Broking - Yes Yes
Expand

Demat Account

Compare HDFC Sky vs Religare Broking on Demat Account

Compare HDFC Sky 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 HDFC Sky is ₹750 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 HDFC Sky is 0.04% (Min ₹20) + 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 HDFC Sky with Religare Broking
  HDFC Sky Religare Broking
DP Source CDSL CDSL
DP ID HDFC Sky vs Religare Broking - DP ID CDSL: 1209 30200
Demat Account Annual Maintenance Charges(AMC) ₹750 pa ₹400 pa
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- Rs. 500/-
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges ₹12
Demat ₹5 per certificate + ₹35 request charges ₹5 per certificate + ₹30 courier charges
Remat ₹30 ₹20 per certificate + ₹30 courier charges + CDSL Charges
Pledge Creation Nil 0.02% of transaction value or ₹50 whichever is higher
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) 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 0.04% of transaction value (Min ₹40) 0.02% of transaction value or ₹50 whichever is higher
Pledge Invocation 0.04% of transaction value (Min ₹40) 0.02% of transaction value or ₹50 whichever is higher
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs Religare Broking on Special Offers and Promotion

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

Compare HDFC Sky vs Religare Broking on Special Offers and Promotion
  HDFC Sky Religare Broking
Pay In and Pay Out Options HDFC Sky vs Religare Broking - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
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 HDFC Sky vs Religare Broking - Payout Time Instant to HDFC Bank. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges HDFC Sky vs Religare Broking - Bank Supported and Charges Info Not Available 21+ bank connected via payment gatway, Rs 10 fee for per transaction.
Bank Detail Direct from your HDFC bank account. RELIGARE BROKING LIMITED,
Account Number:30078551502
Bank and Branch: SBI,Capital Market Branch,Mumbai
Account Type: Current Account
IFSC Code:SBIN0011777
Likes

Want to know why to trade with HDFC Sky, here are the promising reasons;

  • Instant paperless account opening
  • Zero account opening charges and no maintenance fee for 1st year
  • Invest in equity, F&O, currencies, and commodities
  • Invest in 2000+ mutual funds from 29+ fund houses
  • Lowest brokerage fee of Rs 20/order
  • Zero commission mutual fund investment.
  • Invest in expert-recommended mutual fund schemes.
  • Global market investment in US stocks and ETFs
  • Stacks: Expert-curated basket of US Stocks and ETFs
  • Trade on HDFC Sky app or web as per your convenience
  • Place advance orders like basket orders, bracket order, cover order, and GTT order.
  • Free research reports and daily trading calls or tips.
  • Learning platform for newbies to experts
  • No minimum balance commitments
  • No hidden charges

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
  • Delivery trading is not free while Zerodha offers free delivery trading
  • Desktop trading software is not available
  • Direct mutual funds are not offered.

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 Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-11-09T03:39:28+00:00