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IDBI Direct Vs Religare Broking: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Religare Broking offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct ranges between 0.02% to 0.20% while the brokerage of Religare Broking ranges between 0.05 to 0.50%. Both the brokers are Full Service brokers. Overall rating for both the brokers are also equal with rating 3.5 out of 5. Number of active customer for Religare Broking is 1,40,818 where number of active customer for IDBI Direct is 54,478. Religare Broking is serving more customer compare to IDBI Direct.

Here we present side-by-side comparison of IDBI Direct 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 IDBI Direct 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 IDBI Direct 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 IDBI Direct 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 IDBI Direct vs Religare Broking on Service

  IDBI Direct Compare
IDBI Direct
Religare Broking Compare
Religare Broking
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE NSE, BSE, MCX
Active Clients 54,478 1,40,818
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct 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
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Account Opening Charges and AMC

Compare IDBI Direct vs Religare Broking on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with Religare Broking on trading & demat account opening charges and AMC. Trading account opening charges - IDBI Direct offer Free account opening where Religare Broking charges Rs 500 for account opening. Demat AMC charges - IDBI Direct charges Rs 350 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 IDBI Direct with Religare Broking
Charges IDBI Direct Religare Broking
Trading Account Opening Fees Free Rs 500
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Rs 400 PA [Free for first year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs Religare Broking on Plan Options

Plans are the most important feature you look when compare IDBI Direct 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 IDBI Direct with Religare Broking on Plan Options
Plan Types IDBI Direct Religare Broking
Multiple Plans No No
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 IDBI Direct vs Religare Broking on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

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 IDBI Direct with Religare Broking
Brokerage Charges Compare IDBI Direct Religare Broking
Plan Name Flat Brokerage PLan Religare One Brokerage Plan (Percentage Based)
Equity Delivery 0.20% 0.50% to 0.10%
Equity Intraday 0.02% 0.05% to 0.01%
Equity Futures Flat Rs 15 per order 0.05% or 5 paisa
Equity Options Flat Rs 15 per order Rs 70 Per Lot
Currency Futures Flat Rs 15 per order 0.05% or 5 paisa
Currency Options Flat Rs 15 per order Rs 30 Per Lot
Commodity Trading NA Futures: 0.05%| Options: Rs 30 per lot
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. 1p per share
Hidden Charges Info Not Available Yes
Funding Info Not Available Yes - 21% interest PA
Call & Trade Charges Free Rs 10 per order, Max rs 50 per segment per day
Auto Square off Charges NA Rs 10 per order, Max rs 50 per segment per day
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for Religare Broking
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Share Broker's Transaction Charges

Compare IDBI Direct vs Religare Broking on Transaction Charges

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

Transaction Charges - Compare IDBI Direct with Religare Broking
Transaction Charges Compare IDBI Direct 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 idbicapital Complete Brokerage Plans for religare-broking
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Account Features

Compare IDBI Direct vs Religare Broking on Account Features

Compare IDBI Direct with Religare Broking on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct 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 - IDBI Direct offers a margin funding where Religare Broking doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - IDBI Direct with Religare Broking
Account Features Compare IDBI Direct Religare Broking
3 in 1 Account Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account. No IDBI Direct 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 No Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare IDBI Direct vs Religare Broking on Trading Platform

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

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Broker Ratings by Users

Compare IDBI Direct vs Religare Broking on User Rating

  IDBI Direct Religare Broking
  31 Customer Reviews    Rate IDBI Direct 56 Customer Reviews    Rate Religare Broking
Fees Ratings 3.0 3.2
Trading Brokerage Rating 2.5 3.2
Trading Platform Usability 2.6 3.0
Customer Service Ratings 2.7 2.9
Overall Ratings 2.7 2.9
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews Religare Broking is Rated 2.9 / 5 based on 56 customer reviews
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Investment Offerings

Compare IDBI Direct vs Religare Broking on Investment Offerings

Compare IDBI Direct 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 - Religare Broking offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. 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 IDBI Direct with Religare Broking
Investment Offerings Compare IDBI Direct Religare Broking
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking Yes No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare IDBI Direct vs Religare Broking on Order Types

Order Type - Compare IDBI Direct 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) - IDBI Direct 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)- both offers AMO facilities. The orders are sent to exchange on the next trading day. 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 IDBI Direct with Religare Broking
Order Type Compare IDBI Direct 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 Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare IDBI Direct vs Religare Broking on Customer Service

Compare IDBI Direct 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 IDBI Direct with Religare Broking
Customer Service Compare IDBI Direct Religare Broking
24/7 Customer Service IDBI Direct vs Religare Broking - 24x7 customer support No No
Email Support IDBI Direct vs Religare Broking - Email Support Yes Yes
Onine Live Chat IDBI Direct vs Religare Broking - Onine Live Chat No No
Phone Support IDBI Direct vs Religare Broking - Phone Support Yes Yes
Toll Free Number IDBI Direct vs Religare Broking - Toll Free Number Yes No
Through Branches IDBI Direct vs Religare Broking - Through Branches Yes Yes
Customer Care Number IDBI Direct vs Religare Broking - Customer Care Number 022-3913 5001 1860-25-88888
Account Opening Process IDBI Direct vs Religare Broking - Account Opening Process Info Not Available Online/Paperless
Customer Support Email IDBI Direct vs Religare Broking - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs Religare Broking - Knowledge Center/Education Info Not Available Not available
Head Office Address IDBI Direct vs Religare Broking - Head Office Address/Corporate Address Info Not Available Religare Broking Limited,
2nd Floor,
Rajlok Building,
24, Nehru Place,
New Delhi-110019
Website IDBI Direct vs Religare Broking - Company Website https://www.idbidirect.in/ http://www.religareonline.com
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Tips/Research/Reports Published

Compare IDBI Direct vs Religare Broking on Research Reports, Tips

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

Research Reports - Compare IDBI Direct with Religare Broking
  IDBI Direct Religare Broking
Research Mutual Funds IDBI Direct vs Religare Broking - Research Mutual Funds Yes Yes
Research Equity Reports IDBI Direct vs Religare Broking - Research Equity Reports Yes Yes
Research ETF IDBI Direct vs Religare Broking - Research ETF Yes Yes
Daily Market Report IDBI Direct vs Religare Broking - Daily Market Report Yes Yes
Free Tips IDBI Direct vs Religare Broking - Free Tips Yes Yes
Quarterly Result Analysis IDBI Direct vs Religare Broking - Quarterly Results Yes Yes
News Alerts IDBI Direct vs Religare Broking - Yes Yes
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Demat Account

Compare IDBI Direct vs Religare Broking on Demat Account

Compare IDBI Direct 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 IDBI Direct is ₹350 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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + 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 IDBI Direct with Religare Broking
  IDBI Direct Religare Broking
DP Source CDSL CDSL
DP ID IDBI Direct vs Religare Broking - DP ID No 30200
Demat Account Annual Maintenance Charges(AMC) ₹350 pa ₹400 pa
Advance Deposit NO Rs. 500/-
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges ₹12
Demat ₹5 per certificate + ₹30 courier charges ₹5 per certificate + ₹30 courier charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹20 per certificate + ₹30 courier charges + CDSL Charges
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher 0.02% of transaction value or ₹50 whichever is higher
Pledge Creation Confirmation Nil 0.02% of transaction value or ₹50 whichever is higher
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher 0.02% of transaction value or ₹50 whichever is higher
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher 0.02% of transaction value or ₹50 whichever is higher
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher 0.02% of transaction value or ₹50 whichever is higher
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Religare Broking on Special Offers and Promotion

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

Compare IDBI Direct vs Religare Broking on Special Offers and Promotion
  IDBI Direct Religare Broking
Pay In and Pay Out Options IDBI Direct vs Religare Broking - Pay In and Pay Out Options Info Not Available 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 IDBI Direct vs Religare Broking - Payout Time Info Not Available Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges IDBI Direct vs Religare Broking - Bank Supported and Charges Info Not Available 21+ bank connected via payment gatway, Rs 10 fee for per transaction.
Bank Detail Info Not Available RELIGARE BROKING LIMITED,
Account Number:30078551502
Bank and Branch: SBI,Capital Market Branch,Mumbai
Account Type: Current Account
IFSC Code:SBIN0011777
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

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
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

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 2023-08-21T03:25:00+00:00