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 ICICIDirect Vs Religare Share Broker Comparison

The side-by-side comparison of ICICI Securities Pvt Ltd. and Religare stock brokers in India. The comparison below highlights the similarities and differences between ICICIDirect and Religare's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among ICICIDirect and Religare.


ICICI Securities Pvt Ltd.


About the Broker ICICIdirect is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group... Know more about ICICI Securities Pvt Ltd. Religare is an emerging markets financial services group with a presence across Asia, Africa, Middle East, Europe, and the Americas. In India, Religare’s largest market, the group offers a wide array of products and services including broking, insur... Know more about Religare
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX
Account Type 3-in-1 Account (I-Secure Plan)
Broker Enquiry

Stock Broker Fees / Charges

Trading Account Opening Fees Rs 975 Rs 500
Trading Account AMC NIL NIL
Demat Account Opening Fees NIL NIL
Demat Account AMC Rs 450 Rs 300
Demat Account is Mandatory?

Trading Brokerage Charges

Equity Delivery Brokerage 0.55% 0.5%
Equity Intraday Brokerage 0.275% 0.05%
Equity Futures Brokerage 0.05% - 0.03% 0.05%
Equity Options Brokerage Rs 95 - Rs 65 per lot Rs.70 /Lot
Currency Futures Trading Brokerage 0.050% - 0.030% 0.05%
Currency Options Trading Brokerage Rs 95 - Rs 65 per lot Rs.30 /Lot
Commodity Trading Brokerage NA 0.05%
Other Brokerage Charges
Minimum Brokerage Charges Rs 35 per trade 1p per share

Transaction Charges

Equity Delivery NSE: 0.0031% | BSE: 0.0035% 0.0037%
Equity Intraday NSE: 0.0031% | BSE: 0.0035% 0.0037%
Equity Futures 0.00185% 0.004%
Equity Options 0.05% on Premium 0.06% on Premium
Currency Futures 0.0013% 0.004%
Currency Options 0.05% on Premium 0.06% on Premium
Commodity NA 0.0035%

Share Broker Features

3 in 1 Account
Mobile Trading
Automated Trading
After Trading Hour Orders
Good Till Cancelled (GTC)
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Trading Platform Trade Racer Odin Diet
Intraday Square-off Time
Other Features

Broker Ratings (Average User Rating)

  254 Customer Reviews    Rate ICICIDirect 52 Customer Reviews    Rate Religare
Fees Ratings 2.4 3.2
Trading Brokerage Rating 1.8 3.2
Trading Platform Usability 3.3 3.1
Customer Service Ratings 2.9 3.0
Overall Ratings Rated 2.5 stars Rated 3.0 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 254 customer reviews Religare is Rated 3.0 / 5 based on 52 customer reviews

Contact Broker / Request A Call Back

 ICICIDirect - Contact FormReligare - Contact Form
Contact / Request Call Back
Your Name:
Phone #:
City Name:
Are you a day trader?
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Phone #:
City Name:
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Investment Options Available

Stock / Equity
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Other Investment Options

Customer Service Offered

24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches

Research / Tips / Reports Published

Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Suitable for Investor Category

Casual Investor
Active Investor


Pros, Cons and Other Review Comments

  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.

More Advantages...

- 3 to 4 times exposure is given in cash as well as F&O segment.

More Advantages...

  • ICICI Security charges highest brokerage in comparison to most of the retail brokers in India.
  • Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hours of trading.
  • Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.

More Disadvantages...

- There are no standard rates, fees or brokerage published on website. You should be very careful with hidden changes. - Call and Trade is charged at Rs 10 per executed order (maximum Rs 50 per day in a segment).

More Disadvantages...

Promotions / Offers - Account opening fees Rs 500 waived off if you open an account with Rs 25000 margin.
Enquire about ICICIDirect Enquire about Religare
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