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Religare Broking Vs Fyers: 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 Fyers ranges between Rs 20. Religare Broking is a Full Service Broker where Fyers is a Discount Broker. Religare Broking is having overall lower rating compare to Fyers. Religare Broking is rated only 3.5 out of 5 where Fyers is rated 4 out of 5. Number of active customer for Fyers is 2,14,075 where number of active customer for Religare Broking is 1,40,818. Fyers is serving more customer compare to Religare Broking.

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

  Religare Broking Compare
Religare Broking
Fyers Compare
Fyers
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
Active Clients 1,40,818 2,14,075
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 Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i...Know more about Fyers
Broker Enquiry Request call back from Zerodha Request call back from Fyers
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Account Opening Charges and AMC

Compare Religare Broking vs Fyers on Trading & Demat Account Opening Charges

Comparison of Religare Broking with Fyers on trading & demat account opening charges and AMC. Trading account opening charges - Fyers offer Free account opening where Religare Broking charges Rs 500 for account opening. Demat AMC charges - Fyers 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 Fyers
Charges Religare Broking Fyers
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 Fyers on Plan Options

Plans are the most important feature you look when compare Religare Broking with Fyers. 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 Fyers on Plan Options
Plan Types Religare Broking Fyers
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Fyers
Account Opening Request
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Brokerage Charges

Compare Religare Broking vs Fyers 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.

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

Brokerage Charges - Compare Religare Broking with Fyers
Brokerage Charges Compare Religare Broking Fyers
Plan Name Religare One Brokerage Plan (Percentage Based) Max Rs 20 Per Order Trading Plan
Equity Delivery 0.50% to 0.10% Free
Equity Intraday 0.05% to 0.01% 0.03% or Rs 20 whichever is lower
Equity Futures 0.05% or 5 paisa 0.03% or Rs 20 whichever is lower
Equity Options Rs 70 Per Lot Flat Fee Rs 20
Currency Futures 0.05% or 5 paisa 0.03% or Rs 20 whichever is lower
Currency Options Rs 30 Per Lot Flat Fee Rs 20
Commodity Trading Futures: 0.05%| Options: Rs 30 per lot Flat Fee Rs 20
Minimum Brokerage 1p per share NIL
Hidden Charges Yes No
Funding Yes - 21% interest PA No
Call & Trade Charges Rs 10 per order, Max rs 50 per segment per day Rs 50 Per Order
Auto Square off Charges Rs 10 per order, Max rs 50 per segment per day Rs 50 Per Order
Brokerage Calculator Brokerage Calculator for Religare Broking Brokerage Calculator for Fyers
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Share Broker's Transaction Charges

Compare Religare Broking vs Fyers on Transaction Charges

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

Transaction Charges - Compare Religare Broking with Fyers
Transaction Charges Compare Religare Broking Fyers
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 NA
Brokerage Charges Complete Brokerage Plans for religare-broking Complete Brokerage Plans for fyers
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Account Features

Compare Religare Broking vs Fyers on Account Features

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

Account Features - Religare Broking with Fyers
Account Features Compare Religare Broking Fyers
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 No
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 No
Other Features NIL Fyers 30 Day Challenge
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Trading Platform

Compare Religare Broking vs Fyers on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Religare Broking and Fyers. 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 Fyers
Trading Platform Compare Religare Broking Fyers
Desktop Trading Platform OdinDiet and Power FnO Fyers One
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://secure.religareonline.com/Login.aspx Fyers Web
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site No No
Mobile Trading Yes Yes
Mobile Trading App Religare Dynami Fyers 2.0 Mobile App
Mobile Trading App Demo Religare Dynami Demo Fyers 2.0 Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod Religare Dynami Download Andriod Fyers 2.0 Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Religare Dynami Download iOS Fyers 2.0 Mobile App 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 Religare Broking Equity Intraday and Delivery Brokerage Calculator for Fyers
Futures Brokerage Calculator Futures Brokerage Calculator for Religare Broking Futures Brokerage Calculator for Fyers
Options Brokerage Calculator Options Brokerage Calculator for Religare Broking Options Brokerage Calculator for Fyers
Detail Detail on Trading Platforms for religare-broking Detail on Trading Platforms for fyers

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Broker Ratings by Users

Compare Religare Broking vs Fyers on User Rating

  Religare Broking Fyers
  56 Customer Reviews    Rate Religare Broking 10 Customer Reviews    Rate Fyers
Fees Ratings 3.2 3.5
Trading Brokerage Rating 3.2 3.6
Trading Platform Usability 3.0 3.6
Customer Service Ratings 2.9 3.4
Overall Ratings 2.9 3.2
Broker Rating Religare Broking is Rated 2.9 / 5 based on 56 customer reviews Fyers is Rated 3.2 / 5 based on 10 customer reviews
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Investment Offerings

Compare Religare Broking vs Fyers on Investment Offerings

Compare Religare Broking with Fyers 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 Fyers
Investment Offerings Compare Religare Broking Fyers
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 No
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 Fyers on Order Types

Order Type - Compare Religare Broking with Fyers 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) - Fyers 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- 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 Religare Broking with Fyers
Order Type Compare Religare Broking Fyers
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 Yes
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Customer Service Offered

Compare Religare Broking vs Fyers on Customer Service

Compare Religare Broking with Fyers 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 Fyers
Customer Service Compare Religare Broking Fyers
24/7 Customer Service Religare Broking vs Fyers - 24x7 customer support No No
Email Support Religare Broking vs Fyers - Email Support Yes Yes
Onine Live Chat Religare Broking vs Fyers - Onine Live Chat No No
Phone Support Religare Broking vs Fyers - Phone Support Yes Yes
Toll Free Number Religare Broking vs Fyers - Toll Free Number No No
Through Branches Religare Broking vs Fyers - Through Branches Yes No
Customer Care Number Religare Broking vs Fyers - Customer Care Number 1860-25-88888 08060001111
Account Opening Process Religare Broking vs Fyers - Account Opening Process Online/Paperless 100% online and paperless proc
Customer Support Email Religare Broking vs Fyers - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Religare Broking vs Fyers - Knowledge Center/Education Not available https://fyers.in/school-of-stocks/
Head Office Address Religare Broking vs Fyers - Head Office Address/Corporate Address Religare Broking Limited,
2nd Floor,
Rajlok Building,
24, Nehru Place,
New Delhi-110019
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Website Religare Broking vs Fyers - Company Website http://www.religareonline.com https://fyers.in/
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Tips/Research/Reports Published

Compare Religare Broking vs Fyers on Research Reports, Tips

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

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

Compare Religare Broking vs Fyers on Demat Account

Compare Religare Broking with Fyers 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 Fyers is Free where for Religare Broking is ₹400 pa. Fyers 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 Fyers is ₹7 + ₹5.50 (CDSL Charges) per 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 Fyers
  Religare Broking Fyers
DP Source CDSL CDSL
DP ID Religare Broking vs Fyers - DP ID 30200 432-2019
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Free
Advance Deposit Rs. 500/- Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹12 ₹7 + ₹5.50 (CDSL Charges) per transaction
Demat ₹5 per certificate + ₹30 courier charges ₹0
Remat ₹20 per certificate + ₹30 courier charges + CDSL Charges ₹0
Pledge Creation 0.02% of transaction value or ₹50 whichever is higher Nil
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 Nil
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 Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Stamp Charges ₹50,
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Special Offers,Advantages,Disadvantages

Compare Religare Broking vs Fyers on Special Offers and Promotion

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

Compare Religare Broking vs Fyers on Special Offers and Promotion
  Religare Broking Fyers
Pay In and Pay Out Options Religare Broking vs Fyers - 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/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Religare Broking vs Fyers - Payout Time Upto 24 Hrs except Bank Holidays. Up to 24 Hrs except for Bank Holidays.
Bank Supported and Charges Religare Broking vs Fyers - Bank Supported and Charges 21+ bank connected via payment gatway, Rs 10 fee for per transaction. 24+ banks connected via payment gateway, Free pay in and Free Pay Out.
Bank Detail RELIGARE BROKING LIMITED,
Account Number:30078551502
Bank and Branch: SBI,Capital Market Branch,Mumbai
Account Type: Current Account
IFSC Code:SBIN0011777
Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
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...

  • Trade on BSE, NSE, and MCX
  • Free stocks and mutual funds investment
  • Rs 20 fixed brokerage on all segments
  • Invest in IPOs, OFS, SGBs, G-secs, and T-bills
  • Cheapest Rs 50/order brokerage on NRI trading
  • User-friendly mobile app and website for investors
  • Fyers Next and Fyers One high-speed trading terminal for traders
  • Fyers Thematic Investing: Invest in expert curated basket of stocks.
  • Start Algo trading Access with Fyers API for free
  • Bracket order, cover order, GTT, AMO, basket order
  • Fyers School of Stocks, a free stock market learning platform.
  • Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc.

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...

  • No unlimited zero brokerage monthly plans
  • No 3-in-1 account offering
  • No mutual fund investment app
  • Research reports are not offered free

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 Fyers Account Now>>

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