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Religare Broking Vs Finvasia: 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 Finvasia ranges between Rs 0. Religare Broking is a Full Service Broker where Finvasia is a Discount Broker. Religare Broking is having overall lower rating compare to Finvasia. Religare Broking is rated only 3.5 out of 5 where Finvasia is rated 4 out of 5. Number of active customer for Religare Broking is 1,40,818 where number of active customer for Finvasia is 94,480. Religare Broking is serving more customer compare to Finvasia.

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

  Religare Broking Compare
Religare Broking
Finvasia Compare
Finvasia
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 1,40,818 94,480
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 Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S...Know more about Finvasia
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 Finvasia on Trading & Demat Account Opening Charges

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

Compare Religare Broking vs Finvasia on Plan Options

Plans are the most important feature you look when compare Religare Broking with Finvasia. 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 Religare Broking with Finvasia on Plan Options
Plan Types Religare Broking Finvasia
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 Religare Broking vs Finvasia 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.

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

Brokerage Charges - Compare Religare Broking with Finvasia
Brokerage Charges Compare Religare Broking Finvasia
Plan Name Religare One Brokerage Plan (Percentage Based) Zero Brokerage Trading Plan
Equity Delivery 0.50% to 0.10% Rs 0
Equity Intraday 0.05% to 0.01% Rs 0
Equity Futures 0.05% or 5 paisa Rs 0
Equity Options Rs 70 Per Lot Rs 0
Currency Futures 0.05% or 5 paisa Rs 0
Currency Options Rs 30 Per Lot Rs 0
Commodity Trading Futures: 0.05%| Options: Rs 30 per lot Rs 0
Minimum Brokerage 1p per share NA
Hidden Charges Yes No
Funding Yes - 21% interest PA Yes, 24% interest PA
Call & Trade Charges Rs 10 per order, Max rs 50 per segment per day Free
Auto Square off Charges Rs 10 per order, Max rs 50 per segment per day Free
Brokerage Calculator Brokerage Calculator for Religare Broking Brokerage Calculator for Finvasia
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Share Broker's Transaction Charges

Compare Religare Broking vs Finvasia on Transaction Charges

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

Transaction Charges - Compare Religare Broking with Finvasia
Transaction Charges Compare Religare Broking Finvasia
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 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for religare-broking Complete Brokerage Plans for finvasia
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Account Features

Compare Religare Broking vs Finvasia on Account Features

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

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

Compare Religare Broking vs Finvasia on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Religare Broking and Finvasia. 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 Finvasia
Trading Platform Compare Religare Broking Finvasia
Desktop Trading Platform OdinDiet and Power FnO OMNESYS NEST
Desktop Demo Desktop Demo Info Not Available
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://trade.finvasia.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Religare Dynami SCALPERT
Mobile Trading App Demo Religare Dynami Demo SCALPERT Demo
Android Mobile App Yes Yes
Android App Download Andriod Religare Dynami Download Andriod SCALPERT Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Religare Dynami Download Info Not Available
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Basic platforms are free, advance platforms are chargeable.
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Religare Broking Equity Intraday and Delivery Brokerage Calculator for Finvasia
Futures Brokerage Calculator Futures Brokerage Calculator for Religare Broking Futures Brokerage Calculator for Finvasia
Options Brokerage Calculator Options Brokerage Calculator for Religare Broking Options Brokerage Calculator for Finvasia
Detail Detail on Trading Platforms for religare-broking Detail on Trading Platforms for finvasia

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Broker Ratings by Users

Compare Religare Broking vs Finvasia on User Rating

  Religare Broking Finvasia
  56 Customer Reviews    Rate Religare Broking 17 Customer Reviews    Rate Finvasia
Fees Ratings 3.2 4.3
Trading Brokerage Rating 3.2 4.6
Trading Platform Usability 3.0 4.0
Customer Service Ratings 2.9 3.5
Overall Ratings 2.9 4.2
Broker Rating Religare Broking is Rated 2.9 / 5 based on 56 customer reviews Finvasia is Rated 4.2 / 5 based on 17 customer reviews
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Investment Offerings

Compare Religare Broking vs Finvasia on Investment Offerings

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

Compare Religare Broking vs Finvasia on Order Types

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

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

Compare Religare Broking with Finvasia 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 Finvasia
Customer Service Compare Religare Broking Finvasia
24/7 Customer Service Religare Broking vs Finvasia - 24x7 customer support No No
Email Support Religare Broking vs Finvasia - Email Support Yes Yes
Onine Live Chat Religare Broking vs Finvasia - Onine Live Chat No Yes
Phone Support Religare Broking vs Finvasia - Phone Support Yes Yes
Toll Free Number Religare Broking vs Finvasia - Toll Free Number No No
Through Branches Religare Broking vs Finvasia - Through Branches Yes No
Customer Care Number Religare Broking vs Finvasia - Customer Care Number 1860-25-88888 Support: +91 9779 097 777/Sales: +91 9098 001 001
Account Opening Process Religare Broking vs Finvasia - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Religare Broking vs Finvasia - Customer Support Email [email protected] [email protected]/[email protected]
Knowledge Center/Education Religare Broking vs Finvasia - Knowledge Center/Education Not available https://finvasia.com/announcements
Head Office Address Religare Broking vs Finvasia - Head Office Address/Corporate Address Religare Broking Limited,
2nd Floor,
Rajlok Building,
24, Nehru Place,
New Delhi-110019
Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Website Religare Broking vs Finvasia - Company Website http://www.religareonline.com https://www.finvasia.com/
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Tips/Research/Reports Published

Compare Religare Broking vs Finvasia on Research Reports, Tips

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

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

Compare Religare Broking vs Finvasia on Demat Account

Compare Religare Broking with Finvasia 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 Finvasia is Free where for Religare Broking is ₹400 pa. Finvasia is a better choice in terms of Demat AMC compare to Religare Broking.

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 Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every transaction.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 Finvasia
  Religare Broking Finvasia
DP Source CDSL CDSL
DP ID Religare Broking vs Finvasia - DP ID 30200 84300
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Free
Advance Deposit Rs. 500/- Rs 0
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹12 ₹9 + ₹5.50 (CDSL Charges) for every transaction
Demat ₹5 per certificate + ₹30 courier charges ₹15 per certificate
Remat ₹20 per certificate + ₹30 courier charges + CDSL Charges ₹15 for every hundred securities + CDSL Charges
Pledge Creation 0.02% of transaction value or ₹50 whichever is higher ₹25 per transaction
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 ₹25 per transaction
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 ₹19 per transaction
Failed Instruction Charges Nil ₹49
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Religare Broking vs Finvasia on Special Offers and Promotion

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

Compare Religare Broking vs Finvasia on Special Offers and Promotion
  Religare Broking Finvasia
Pay In and Pay Out Options Religare Broking vs Finvasia - 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 with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through bank transfer only.
Payout Time Religare Broking vs Finvasia - Payout Time Upto 24 Hrs except Bank Holidays. Up to 24 hrs except for bank holidays.
Bank Supported and Charges Religare Broking vs Finvasia - Bank Supported and Charges 21+ bank connected via payment gatway, Rs 10 fee for per transaction. Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia 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
FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
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...

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP 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...

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

Detail Review...

Special Offers/Promo - Account opening fees Rs 500 waived off if you open an account with Rs 25000 margin. Free Account Opening+Free Demat AMC+Free Trading.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

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