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-plus 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 Share Broker Review Ratings
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.
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.
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.
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.
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.
R-ACE (Basic) Account activation charges: -.
R-ACE Lite (Advanced) Account activation charges: -
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 at 1860-25-88888 and open an account with Religare
Religare gives interest on unutilized cash when investor is waiting to make next trade or an online investment.
Online facility of placing After Market Orders is available to investors.
Facility of investing in Equities, Derivatives, Currency Futures, Mutual Funds and IPOs through a single login.
They provide intraday reports and historical charting.
Facility is available to fund your account by dropping the check in the branch.
Call and Trade is charged at Rs 10 per executed order (maximum Rs 50 per day in a segment).
Religare Complaints Recieved at BSE / NSE:
Number of customer complaints lodged against share broker Religare:
Number of Clients *
Total Complaints **
* 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.
224. Ramamoorthy.T Jan 14, 2015 6:14:05 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 5:59:23 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 9:51:29 AM IST |
I never face any such problem from 2008.
223.2. Parul Rakesh Shah Feb 13, 2015 3:41:39 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..
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.
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 7:22:34 PM IST | Reply
brokerage high . customer service bad
218. ashutosh jha May 17, 2013 5:53:59 PM IST | Reply
CLIENT ID AJ4989 BRANCH ALLAHABAD 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 10:22:39 PM IST | Reply
religare service provides excellent services,but too much brokerage.
216. brijesh kumar Mar 1, 2013 12:28:16 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 8:59:44 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 8:18:07 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...
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
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 8:23:43 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
Religare Commodity trading for e-gold series at NSEL: feedback
Religare provides Rally lite and Rally Pro facilties for Spot trading: At Rally Lite: The browser based trading platform: For new users it is a terrible interface with little help on how to get started. For everything you need to call up Helpline 1) There is a fund transfer facility online which they say is instantaneous. 2) But for withdrawal of funds, you have to call helpline(ridiculous) and they say it takes 24-48 hours at this age of IT. i have already had a bad experience. i have called for withdrawal on 21st and 23rd , i am still waiting. they say it will happen at end of day.
Many more to go. I believe brokerage agencies should not make a fool of retail traders. They are only bothered of their brokerage fees from big houses/franchisees. . Retail traders are taken for granted by these brokerages.
i wish more retailers take to activism regarding glitches and make information online as feedback to the brokerages hardly works(it is just a waste of time as i have experienced most of the times, except losing your temper/time)
Average dealing and brokerage. Website and customer service is average. But research team somehow poor and not upto mark. We can say overall we can go and select this company as this is average performer.
Brokerage - Average Account Maintenance Fees - Below Average Website Usability - Average Customer Service - Average Overall Experience - Average