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Religare Broking Vs Marwadi Group: 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 Marwadi Group ranges between 0.06% to 0.30%. 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 1,36,664 where number of active customer for Marwadi Group is 1,15,161. Religare Broking is serving more customer compare to Marwadi Group.

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

  Religare Broking Compare
Religare Broking
Marwadi Group Compare
Marwadi Group
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 BSE, NSE, MCX, NCDEX
Active Clients 1,36,664 1,15,161
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 demat & trading account with Marwadi Financial to trade and invest across multiple asset classes on the user-friendly web, app, and desktop platforms, access free research & advisory, and portfolio management services.
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 Marwadi Group on Trading & Demat Account Opening Charges

Comparison of Religare Broking with Marwadi Group on trading & demat account opening charges and AMC. Trading account opening charges - Marwadi Group 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 Marwadi Group charges Rs 250 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Religare Broking with Marwadi Group
Charges Religare Broking Marwadi Group
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 250 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Religare Broking vs Marwadi Group on Plan Options

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

Marwadi Group Brokerage Plan detail - This is a standard plan by the Marwadi Group. This is a percentage-based brokerage plan.

Brokerage Charges - Compare Religare Broking with Marwadi Group
Brokerage Charges Compare Religare Broking Marwadi Group
Plan Name Religare One Brokerage Plan (Percentage Based) Basic Trading Plan (Percentage Based)
Equity Delivery 0.50% to 0.10% 0.30%
Equity Intraday 0.05% to 0.01% 0.06%
Equity Futures 0.05% or 5 paisa 0.02%
Equity Options Rs 70 Per Lot Rs 100 Per Lot
Currency Futures 0.05% or 5 paisa 0.02%
Currency Options Rs 30 Per Lot Rs 100 Per Lot
Commodity Trading Futures: 0.05%| Options: Rs 30 per lot Rs 100 Per Lot
Minimum Brokerage 1p per share NIL
Hidden Charges Yes Info Not Available
Funding Yes - 21% interest PA Info Not Available
Call & Trade Charges Rs 10 per order, Max rs 50 per segment per day NA
Auto Square off Charges Rs 10 per order, Max rs 50 per segment per day NA
Brokerage Calculator Brokerage Calculator for Religare Broking Brokerage Calculator for Marwadi Group
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Share Broker's Transaction Charges

Compare Religare Broking vs Marwadi Group on Transaction Charges

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

Transaction Charges - Compare Religare Broking with Marwadi Group
Transaction Charges Compare Religare Broking Marwadi Group
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 marwadi-group
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Account Features

Compare Religare Broking vs Marwadi Group on Account Features

Compare Religare Broking with Marwadi Group 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 - Marwadi Group offers Algo Trading where Religare Broking doesn't offers Algo Trading. Margin Funding - Marwadi Group offers a margin funding where Religare Broking doesn't offers margin funding. NRI Trading - Religare Broking offers NRI where Marwadi Group doesn't offers NRI Trading.

Account Features - Religare Broking with Marwadi Group
Account Features Compare Religare Broking Marwadi Group
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 3:15PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare Religare Broking vs Marwadi Group on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Religare Broking and Marwadi Group. 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 Marwadi Group
Trading Platform Compare Religare Broking Marwadi Group
Desktop Trading Platform OdinDiet and Power FnO Marwadi ODIN Diet
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://mtrade.marwadionline.com/html5/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Religare Dynami MSFL Connect
Mobile Trading App Demo Religare Dynami Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Religare Dynami Download Andriod MSFL Connect Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Religare Dynami Download iOS MSFL Connect Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Religare Broking Equity Intraday and Delivery Brokerage Calculator for Marwadi Group
Futures Brokerage Calculator Futures Brokerage Calculator for Religare Broking Futures Brokerage Calculator for Marwadi Group
Options Brokerage Calculator Options Brokerage Calculator for Religare Broking Options Brokerage Calculator for Marwadi Group
Detail Detail on Trading Platforms for religare-broking Detail on Trading Platforms for marwadi-group

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Broker Ratings by Users

Compare Religare Broking vs Marwadi Group on User Rating

  Religare Broking Marwadi Group
  56 Customer Reviews    Rate Religare Broking 3 Customer Reviews    Rate Marwadi Group
Fees Ratings 3.2 2.7
Trading Brokerage Rating 3.2 2.3
Trading Platform Usability 3.0 2.0
Customer Service Ratings 2.9 2.3
Overall Ratings 2.9 2.7
Broker Rating Religare Broking is Rated 2.9 / 5 based on 56 customer reviews Marwadi Group is Rated 2.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare Religare Broking vs Marwadi Group on Investment Offerings

Compare Religare Broking with Marwadi Group 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 Marwadi Group
Investment Offerings Compare Religare Broking Marwadi Group
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
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 Life & General Insurance
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Order Types

Compare Religare Broking vs Marwadi Group on Order Types

Order Type - Compare Religare Broking with Marwadi Group 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) - Religare Broking provide Cover Orders (CO) where Marwadi Group doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).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 Marwadi Group doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Religare Broking with Marwadi Group
Order Type Compare Religare Broking Marwadi Group
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare Religare Broking vs Marwadi Group on Customer Service

Compare Religare Broking with Marwadi Group 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 Marwadi Group
Customer Service Compare Religare Broking Marwadi Group
24/7 Customer Service Religare Broking vs Marwadi Group - 24x7 customer support No No
Email Support Religare Broking vs Marwadi Group - Email Support Yes Yes
Onine Live Chat Religare Broking vs Marwadi Group - Onine Live Chat No No
Phone Support Religare Broking vs Marwadi Group - Phone Support Yes Yes
Toll Free Number Religare Broking vs Marwadi Group - Toll Free Number No No
Through Branches Religare Broking vs Marwadi Group - Through Branches Yes Yes
Customer Care Number Religare Broking vs Marwadi Group - Customer Care Number 1860-25-88888 +91-281-6192000/+91-281-7174000
Account Opening Process Religare Broking vs Marwadi Group - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Religare Broking vs Marwadi Group - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Religare Broking vs Marwadi Group - Knowledge Center/Education Not available https://www.marwadionline.com/blog/
Head Office Address Religare Broking vs Marwadi Group - Head Office Address/Corporate Address Religare Broking Limited,
2nd Floor,
Rajlok Building,
24, Nehru Place,
New Delhi-110019
Info Not Available
Website Religare Broking vs Marwadi Group - Company Website http://www.religareonline.com https://www.marwadionline.com/
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Tips/Research/Reports Published

Compare Religare Broking vs Marwadi Group on Research Reports, Tips

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

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

Compare Religare Broking vs Marwadi Group on Demat Account

Compare Religare Broking with Marwadi Group 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 Marwadi Group is ₹250 pa 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 Marwadi Group is ₹25.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 Marwadi Group
  Religare Broking Marwadi Group
DP Source CDSL CDSL
DP ID Religare Broking vs Marwadi Group - DP ID 30200 No
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹250 pa
Advance Deposit Rs. 500/- NA-NA-NA-NA-NA-NA-NA-2250#-3600#-NA-NA-NA-2250#-2250#-NA-NA
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹12 ₹25
Demat ₹5 per certificate + ₹30 courier charges ₹3 per certificate
Remat ₹20 per certificate + ₹30 courier charges + CDSL Charges ₹25 per certificate
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 ₹20
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 ₹25
Failed Instruction Charges Nil ₹15
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Religare Broking vs Marwadi Group on Special Offers and Promotion

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

Compare Religare Broking vs Marwadi Group on Special Offers and Promotion
  Religare Broking Marwadi Group
Pay In and Pay Out Options Religare Broking vs Marwadi Group - 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
Info Not Available
Payout Time Religare Broking vs Marwadi Group - Payout Time Upto 24 Hrs except Bank Holidays. Info Not Available
Bank Supported and Charges Religare Broking vs Marwadi Group - Bank Supported and Charges 21+ bank connected via payment gatway, Rs 10 fee for per transaction. Info Not Available
Bank Detail RELIGARE BROKING LIMITED,
Account Number:30078551502
Bank and Branch: SBI,Capital Market Branch,Mumbai
Account Type: Current Account
IFSC Code:SBIN0011777
Info Not Available
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.
  • Zero account opening fees.
  • Invest in IPO, mutual funds, insurance, and smartcase portfolios.
  • User-friendly trading platforms.
  • Get best-in-class in-depth research insights for all segments.
  • 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...

  • Non-transparent brokerage charges.
  • Minimum brokerage fee of Rs 20 to Rs 25 per trade, when the trade value is low.
  • Major presence in the Gujarat state only.

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 2023-09-13T03:22:46+00:00