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Religare Stock Trading, Demat, Brokerage and Reviews 2015

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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, insurance, asset management, lending solutions, investment banking and wealth management. With 10,000+ employees across multiple geographies, Religare serves over a million clients, including corporate and institutions, high net worth families and individuals, and retail investors.

Religare Securities Ltd. (RSL), a wholly owned subsidiary of Religare Enterprises Limited (REL), an emerging markets financial services group is a market leading securities firm in India. The company offers equity & currency broking services to more than 7,50,000 clients using both, offline and online platforms and also offers depository participant services. RSL is a member of the NSE, BSE, MCXSX, USE and a depository participant with NSDL and CDSL. RSL employs more than 4800 employees and has a wide distribution reach that spans across more than 1500 locations in India.

Online platform provides customers the opportunity to trade in Equities, Commodities, Currency Futures, apply for IPOs and invest in Mutual Funds.

People who wonder where Religare word came from, it's a Latin word meaning 'to bind together'.

Religare Stock Broker Review Ratings

56 votes  Rate Religare

Area Rating
Overall Rating Rated 3.0 stars 3.0/5
Fees Rated 3.2 stars 3.2/5
Brokerage Rated 3.2 stars 3.2/5
Usability Rated 3.1 stars 3.1/5
Customer Service Rated 2.9 stars 2.9/5

Account Types

Religare allows customer to choose from a wide range of financial services through its sophisticated and customized trading platform called R-ACE (Religare Advanced Client Engine). Given below are 3 types of R-ACE accounts available to investors.

  1. R-ACE (Basic)

    R-ACE (Religare Advanced Client Engine) is a basic online trading account provided by Religare. Investors can trade and access their account information both online as well as over the phone. This account comes with a browser-based online trading platform with no requirement of an additional software installation.

  2. R-ACE Lite (Advanced)

    R-ACE Lite is the advanced trading platform, which provides all the features as provided by R-ACE (Basic) account. Additionally it also provides real-time streaming stock quotes and alerts. This account comes with a browser-based online trading platform with no requirement of an additional software installation.

  3. R-ACE Pro (Professional)

    As the name indicates this account is meant for high volume traders. In addition to the features mentioned above, it also comes with a Trading Terminal Software which needs to be installed on your computer. This terminal directly connects the investor to the stock market and is equipped with all industry standard Trading Terminal features such as technical charting (intra-day and EOD), multiple watch list, advanced hot-key functions for faster trading, derivative chains, futures & options calculator etc.

    For both basic and advance accounts, trading is available online and through dedicated Call N Trade Desk over phone.

- Account opening fees Rs 500 waived off if you open an account with Rs 25000 margin.

Religare Brokerage Charges 2015

Religare offers three kinds of online accounts (as stated above) with zero account opening fees. They provide different brokerage options based on the volume and frequency of trading, as well as to suit the needs of both beginners and traders.

  1. R-ACE (Basic)
    Account activation charges: -.
  2. R-ACE Lite (Advanced)
    Account activation charges: -
  3. R-ACE Pro (Professional)
    Account activation charges: -

How to open account with Religare?

For online trading with Religare, investor has to open an account. Following are the ways to open an account with Religare:

There are 2 simple ways to open an account with Religare:

  • Call Religare customer service.
  • Visit one of their branches.

Contact Religare / Request Call Back

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Religare Advantages

  1. Religare gives interest on unutilized cash when investor is waiting to make next trade or an online investment.
  2. Online facility of placing After Market Orders is available to investors.
  3. Facility of investing in Equities, Derivatives, Currency Futures, Mutual Funds and IPOs through a single login.
  4. They provide intraday reports and historical charting.
  5. Facility is available to fund your account by dropping the check in the branch.

Religare Disadvantages

  1. Call and Trade is charged at Rs 10 per executed order (maximum Rs 50 per day in a segment).

Religare Complaints received at BSE / NSE:

Number of customer complaints lodged against share broker Religare:

Exchange Financial Year Number of Clients * Total Complaints **
BSE 2015-16 54,939 11
NSE 2015-16 128,370 52
BSE 2014-15 40,201 47
NSE 2014-15 129,609 186
BSE 2013-14 821,485 43
NSE 2013-14 116,104 168
BSE 2012-13 795,803 51
NSE 2012-13 803,640 176
BSE 2011-12 756,105 178
NSE 2011-12 769,215 357

* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.

** The total number of complaint received against the broker at the given exchange.

Broker complaints in India - Year wise complaints received by exchange

Useful links about Religare

  1. Website:

Enquiry Form

Religare Reviews

229. jagesh popat  Sep 30, 2015 4:37:33 PM IST Reply
The negatives of Religare are:
the account cash is squared off quarterly.
password is to be changed every fortnight.
no mobile trading app for regular accounts.
limitation in portfolio of products like MF, bonds, FD etc.


Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Below Average
228. ritesh bhatt  Sep 3, 2015 7:47:29 PM IST Reply
If you are gaining in trading...broking furms what is charging dosn''t mater...if you geting loss when start to calculate the brokrage...i mean to say religare giving best...


Brokerage - Below Average
Account Maintenance Fees - Excellent
Website Usability - Below Average
Customer Service - Excellent
Overall Experience - Above Average
227. anil krishna  Aug 18, 2015 1:46:11 PM IST Reply
I dont think that the services of Religare are good. The reason is that after puchasing shares if you deposit a cheque the other companies are giving receipt and effecing it on the same day. Whereas the Religare is not crediting the cheque immediately and even after they receive the proceeds and charging 21% on the outstanding amount till they credit the cheque amount. It is unfair and unethical. Customers cannot pay the amount by way of cash. So they will give cheque which is equalent to the cash. If the cheque is returned unpaid it is reasonalble to collect Interest and other charges but the company is not following the rule and making loss to its customers.
226. Prashant karwa  Jul 17, 2015 11:21:57 AM IST Reply
website usage is very poor, while trading makes feel outdated website and very old technique, while funds transfer having problem both online and offline, brokerage charges is below average
225. krishnan  May 14, 2015 10:28:35 PM IST Reply
Please let me have your details through mail, rather than phone call.
What are your brokerage rates ? You sent a message, it is free and no AMC. Then what is the benefit for you by arranging Trading ? I am already having D-Mat account with Reliance Securities and UAE.
224. Ramamoorthy.T  Jan 14, 2015 7:14:05 PM IST Reply
I opened a trading account with Religare as they said account opening is free. But the branch manager Coimbatore obtained a cheque for Rs500/ promising to credit my account. He promised low brokerage charges. But the letter from Religare showed higher brokerage charges. So I stopped payment on Rs10000/ cheque issued by me and asked them to refund Rs500/. They never responded and sent a bill for Rs445/ towards demat account maintenace. They are cheats.
223. CHowdappa  Oct 15, 2014 6:59:23 PM IST Reply
Religare doesn''t provide good service in tranfer funds in and out. Also has so many hidden charges. They will not respond if you ask the same. I have proofs in written.

I don''t preper to stay with Religare.
223.1. Parul  Dec 24, 2014 10:51:29 AM IST
I never face any such problem from 2008.
223.2. Parul Rakesh Shah  Feb 13, 2015 4:41:39 PM IST
I am with Religare from last about 5 yrs. Only Religar deposites interest on our amount in treding account. And credit and deposite from our account occurs very easily... No problme at all..
222. Gorak  Sep 23, 2014 4:25:41 PM IST Reply
Forget about the services they provided,the dealers who do the trading just loot your money,there is no proper forecasting,they will force you to buy and sell before the minute sensex is going up.better to avoid this brokerage.
221. arc  Aug 22, 2014 10:07:56 AM IST Reply
See your contract note for other charges if you place orders over the phone ..
220. Magesh  Jul 31, 2014 8:54:47 PM IST Reply
Very wost experience, the securities they are provided is always down. And I opened the account 2 month back i am still avaiting to get my welcome kit. After 2 month only I got access to accout to operate myself.

And my experience with Religare more worst. Going to close the account ASAP.


Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
219. d.somasundaram  Feb 7, 2014 8:22:34 PM IST Reply
brokerage high . customer service bad
218. ashutosh jha  May 17, 2013 6:53:59 PM IST Reply
dear religare,
i m happy with ur services,but i m not happy with ur R.M,in march 2012 ur RM gaurav opened my account said i will give u .01 /.001 % brokerage intraday n delivery respectively where as promised me i will give rs 12 per lot for currency.,u know i m getting .05/n .5% brokerage in intra n delivery, in currency rs 25 per lot.due to high brokerage charges i m going to close my account i will never recommend to any one of ur broking company,n will opened my account with ANGEL,which provide me 1 paisa n 10 paisa n currency for 10rs per lot
lastly i m w8ing til 1st june if my brokerages will b reduced as per per my requirement thn i will still continue with religare.
217. ashutosh kumar jha  May 13, 2013 11:22:39 PM IST Reply
religare service provides excellent services,but too much brokerage.
216. brijesh kumar  Mar 1, 2013 1:28:16 PM IST Reply
Religare provide all type of investment under one roof.This is very good for any individual.


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average
215. D K Mishra  Dec 11, 2012 9:59:44 PM IST Reply

all services are good but online trading through website is very tasky. Secondly religare needs to provide mobile application for on the move trading.


Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Customer Service - Above Average
Overall Experience - Above Average
214. om jumnani  Nov 2, 2012 9:18:07 PM IST Reply
sir apke brokers ek dum 3rd class he udaipur branch ke within 1 month me aapka a/c bandh kar raha hu client code oj97 agar aap ye post mgt tak pahuch jata he to very gud aur bat karne ki to tamiz hi nahi he...
213. julaw  Sep 23, 2012 10:49:29 AM IST Reply
In one word we can say "USELESS"

(i) Pathatic Technological Service
(ii) Poor Response to customer's queries
(iii) No responde to customer's genuine demands

In two words we can say "ABSOLUTELY USELESS"
213.1. nagappan. m  Jul 14, 2014 9:43:48 PM IST
tooo much brokerage and buy and sell both the charging brokerage and hidden charges. pls be carefull.
212. Vijay  Aug 16, 2012 9:29:36 PM IST Reply
Complaint: My brokage Plan Gold offline plan ie brokage @0.15% has been changed to default Plan ie brokage @0.4% without my consent.Pls look into the matter arrange tobring me in my original plan to enable me tobe attached with you only. thanks
211. vijay  Aug 16, 2012 9:19:33 PM IST Reply
very poor in intimating the customer about daily buy/sell.Very fast in changing the Brokage Plan from lower to upper without the consent of customer.Not replying all the quarries raised point/itemwise.Not intimating the name/e mail adress of senior for conting. thanks
210. ritesh bhatt  Aug 10, 2012 9:23:43 AM IST Reply
very poor daly rearch report.customer service is not free..they will charge for online race pro software..upgration..they are not providing mobile trade..


Brokerage - Average
Account Maintenance Fees - Very Poor
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Very Poor

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