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Religare Broking Vs Indira Securities: 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 ranges between 0.05 to 0.50% while the brokerage of Indira Securities ranges between 0.01% to 0.10%. Both the brokers are Full Service brokers. Religare Broking is having overall lower rating compare to Indira Securities. Religare Broking is rated only 3.5 out of 5 where Indira Securities is rated 4 out of 5. Number of active customer for Religare Broking is 1,40,818 where number of active customer for Indira Securities is 8,455. Religare Broking is serving more customer compare to Indira Securities.

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

  Religare Broking Compare
Religare Broking
Indira Securities Compare
Indira Securities
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, MCX NSE, BSE, MCX
Active Clients 1,40,818 8,455
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 Open a free Indira Securities account and trade Faster and Smarter with Trade Insta Mobile app and Trader Terminal platform. Algo trading, free research calls & trading tips, portfolio management services, and mutual fund robotic advisory are the...Know more about Indira Securities
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 Indira Securities on Trading & Demat Account Opening Charges

Comparison of Religare Broking with Indira Securities on trading & demat account opening charges and AMC. Trading account opening charges - Indira Securities offer Free account opening where Religare Broking charges Rs 500 for account opening. Demat AMC charges - Religare Broking charges Rs 400 PA [Free for first year] AMC for Demat account where Indira Securities charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Religare Broking with Indira Securities
Charges Religare Broking Indira Securities
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] Rs 400 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Religare Broking vs Indira Securities on Plan Options

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

Indira Securities Brokerage Plan detail - Indira Trade offers a fixed % based brokerage plan to customers.

Brokerage Charges - Compare Religare Broking with Indira Securities
Brokerage Charges Compare Religare Broking Indira Securities
Plan Name Religare One Brokerage Plan (Percentage Based) Traditional Brokerage Plan
Equity Delivery 0.50% to 0.10% 0.10%
Equity Intraday 0.05% to 0.01% 0.01%
Equity Futures 0.05% or 5 paisa 0.01%
Equity Options Rs 70 Per Lot Rs. 25 per lot (both side)
Currency Futures 0.05% or 5 paisa Flat Fee Rs 20
Currency Options Rs 30 Per Lot Futures: 0.01%|Options: Rs. 25 per lot (both side)
Commodity Trading Futures: 0.05%| Options: Rs 30 per lot Futures: 0.01%|Options: Rs. 25 per lot (both side)
Minimum Brokerage 1p per share NA
Hidden Charges Yes Info Not Available
Funding Yes - 21% interest PA Yes - 18% 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 Indira Securities
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Share Broker's Transaction Charges

Compare Religare Broking vs Indira Securities on Transaction Charges

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

Transaction Charges - Compare Religare Broking with Indira Securities
Transaction Charges Compare Religare Broking Indira Securities
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| Agri Rs 600 Per Cr
Brokerage Charges Complete Brokerage Plans for religare-broking Complete Brokerage Plans for indira-securities
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Account Features

Compare Religare Broking vs Indira Securities on Account Features

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

Account Features - Religare Broking with Indira Securities
Account Features Compare Religare Broking Indira Securities
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 Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity Yes No
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 Indira Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Religare Broking and Indira Securities. 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 Indira Securities
Trading Platform Compare Religare Broking Indira Securities
Desktop Trading Platform OdinDiet and Power FnO ODIN Diet
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 https://www.indiratrade.com/trade-online
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Religare Dynami TradeInsta
Mobile Trading App Demo Religare Dynami Demo TradeInsta Demo
Android Mobile App Yes Yes
Android App Download Andriod Religare Dynami Download Andriod TradeInsta Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Religare Dynami Download iOS TradeInsta 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 Indira Securities
Futures Brokerage Calculator Futures Brokerage Calculator for Religare Broking Futures Brokerage Calculator for Indira Securities
Options Brokerage Calculator Options Brokerage Calculator for Religare Broking Options Brokerage Calculator for Indira Securities
Detail Detail on Trading Platforms for religare-broking Detail on Trading Platforms for indira-securities

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Broker Ratings by Users

Compare Religare Broking vs Indira Securities on User Rating

  Religare Broking Indira Securities
  56 Customer Reviews    Rate Religare Broking 1 Customer Reviews    Rate Indira Securities
Fees Ratings 3.2 2.0
Trading Brokerage Rating 3.2 4.0
Trading Platform Usability 3.0 2.0
Customer Service Ratings 2.9 2.0
Overall Ratings 2.9 3.0
Broker Rating Religare Broking is Rated 2.9 / 5 based on 56 customer reviews Indira Securities is Rated 3.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare Religare Broking vs Indira Securities on Investment Offerings

Compare Religare Broking with Indira Securities 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 Indira Securities
Investment Offerings Compare Religare Broking Indira Securities
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 Yes
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 Indira Securities on Order Types

Order Type - Compare Religare Broking with Indira Securities 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) - Indira Securities 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 Indira Securities
Order Type Compare Religare Broking Indira Securities
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 Indira Securities on Customer Service

Compare Religare Broking with Indira Securities 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 Indira Securities
Customer Service Compare Religare Broking Indira Securities
24/7 Customer Service Religare Broking vs Indira Securities - 24x7 customer support No Yes
Email Support Religare Broking vs Indira Securities - Email Support Yes Yes
Onine Live Chat Religare Broking vs Indira Securities - Onine Live Chat No Yes
Phone Support Religare Broking vs Indira Securities - Phone Support Yes Yes
Toll Free Number Religare Broking vs Indira Securities - Toll Free Number No Yes
Through Branches Religare Broking vs Indira Securities - Through Branches Yes Yes
Customer Care Number Religare Broking vs Indira Securities - Customer Care Number 1860-25-88888 +91-(0)731-4797105/115/146
Account Opening Process Religare Broking vs Indira Securities - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Religare Broking vs Indira Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Religare Broking vs Indira Securities - Knowledge Center/Education Not available https://www.indiratrade.com/blog
Head Office Address Religare Broking vs Indira Securities - Head Office Address/Corporate Address Religare Broking Limited,
2nd Floor,
Rajlok Building,
24, Nehru Place,
New Delhi-110019
  • Registered Office


    Indira House,
    3rd Floor, 5 Topiwala Lane,
    Opp.Lamington Road Police Station,
    Grant Road (East),
    Mumbai - 400007.
  • Corporate Office


    Indira Securities Pvt Ltd
    204 Amar Darshan,
    28/02, Old Palasia,
    Indore - 452018
Website Religare Broking vs Indira Securities - Company Website http://www.religareonline.com https://www.indiratrade.com/
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Tips/Research/Reports Published

Compare Religare Broking vs Indira Securities on Research Reports, Tips

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

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

Compare Religare Broking vs Indira Securities on Demat Account

Compare Religare Broking with Indira Securities 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 Indira Securities is ₹450 pa (Second year onwards) where for Religare Broking is ₹400 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 Religare Broking is ₹12 where for Indira Securities is ₹20 or 0.02% whichever is higher.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 Indira Securities
  Religare Broking Indira Securities
DP Source CDSL CDSL
DP ID Religare Broking vs Indira Securities - DP ID 30200 752000
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹450 pa (Second year onwards)
Advance Deposit Rs. 500/- Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹12 ₹20 or 0.02% whichever is higher
Demat ₹5 per certificate + ₹30 courier charges ₹5 per certificate + ₹35 courier charges
Remat ₹20 per certificate + ₹30 courier charges + CDSL Charges ₹50 per RRN
Pledge Creation 0.02% of transaction value or ₹50 whichever is higher ₹50
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 ₹50
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 ₹50 or 0.02% whichever is higher
Failed Instruction Charges Nil ₹25
Other Charges Nil Book Charges ₹20,POA Charges ₹130
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Special Offers,Advantages,Disadvantages

Compare Religare Broking vs Indira Securities on Special Offers and Promotion

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

Compare Religare Broking vs Indira Securities on Special Offers and Promotion
  Religare Broking Indira Securities
Pay In and Pay Out Options Religare Broking vs Indira Securities - 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, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from TradeInsta.

Pay-out/Fund Withdrawal - Bank Transfer only

Payout Time Religare Broking vs Indira Securities - Payout Time Upto 24 Hrs except Bank Holidays.

Max 24 hrs except bank holidays

Bank Supported and Charges Religare Broking vs Indira Securities - Bank Supported and Charges 21+ bank connected via payment gatway, Rs 10 fee for per transaction.

Around 25 banks allow instant credit facility with charges of Rs 9 from IndiraTrade trading platform (TradeInsta).

Bank Detail RELIGARE BROKING LIMITED,
Account Number:30078551502
Bank and Branch: SBI,Capital Market Branch,Mumbai
Account Type: Current Account
IFSC Code:SBIN0011777
HDFC Bank
Account#00360340002251
Branch: U.V.HOUSE SOUTH TUKOGANJ, INDORE, MP
IFSC Code:HDFC0000036
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 in shares, derivatives, commodities, and currencies.
  • Paperless account opening at zero charges.
  • Invest in mutual funds online.
  • Safe & secure trading platform; Trade Insta app and Trader Terminal.
  • Free stock trading tips, and research & advisory.
  • Automated trading and robotic advisory services.
  • Free call & trade
  • Place advance order like bracket order, cover order, after market order.
  • Refer & earn benefits.
  • Margin trading facility.

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...

  • 24*7 customer support is not available.
  • You cannot open a 3-in-1 account with Indira Securities.
  • It doesn’t facilitate NRI trading services.
  • High brokerage charges compared to other brokers.
  • MF Planet platform only provides regular mutual fund schemes.

Detail Review...

Special Offers/Promo - Account opening fees Rs 500 waived off if you open an account with Rs 25000 margin. Open a Free demat and Trading Account with Indira Securities and Trade at a Flat Fee Rs 20 Per Order.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

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