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Religare Vs Compositedge NRI Account Comparison

The side-by-side comparison of Religare and Compositedge NRI Account. Compare Religare Vs Compositedge NRI Account brokerage charges, exposure margin, demat account and AMC. Read Compositedge and Religare NRI Account reviews.

Find out Religare Vs Compositedge which is better NRI Trading Account. See Religare Vs Compositedge which is best NRI Demat Account.

Our Religare comparison with Composite Investments Pvt Ltd highlights the major differences between two brokers. Find the best between Religare and Compositedge NRI Account.

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Religare Vs Compositedge

  Religare Compositedge
 
  Religare Logo Composite Investments Pvt Ltd Logo
About the Broker Religare Broking offers trading and investment services to NRIs. It offers NRI Trading and NRI Demat Accounts. This 2-in-1 account provides NRIs with access to BSE & NSE to trade across Equities, Equity Derivatives, IPOs, and Mutual Funds. Religareo... Know more about Religare Composite Edge or Composite Investments Ltd is a discount broking firm offering trading and investment services to the resident as well as non-resident Indians. Composite Edge offers a complete range of investment solutions to NRIs and foreign nation... Know more about Composite Investments Pvt Ltd
Account Type NRI Account
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Religare Vs Compositedge Charges

  Religare Compositedge
NRI Account Opening Fees ₹1000
NRI Account AMC
NRI Demat Account Opening Fees Nil Rs 100
NRI Demat Account AMC Rs 400 from second year onward Rs 300
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Religare Vs Compositedge NRI Account Brokerage Comparison

Account Type Religare NRI Account Compositedge
Equity Delivery ₹200/- or 0.1%
Equity Futures ₹200/- or 0.01%
Equity Options
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Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges ODIN Diet: ₹999 per year
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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Religare Vs Compositedge NRI Account Taxes/Fees

  Religare Compositedge
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.

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Religare Vs Compositedge NRI Account Margin

  Religare Margin Compositedge Margin
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.


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Religare and Compositedge NRI Account Features

  Religare Compositedge
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes
Other Features
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Religare Vs Compositedge NRI Account Review

  Religare Review Compositedge Review
  77 Customer Reviews    Rate Religare 17 Customer Reviews    Rate Compositedge
Fees 3.2 4.2
Brokerage 3.1 4.6
Trading Platform 3.0 4.0
Customer Service 2.9 4.2
Overall Rating Rated 2.9 stars Rated 4.2 stars
Broker Rating Religare is Rated 2.9 / 5 based on 77 customer reviews Compositedge is Rated 4.2 / 5 based on 17 customer reviews
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Contact Broker / Request A Call Back

  Religare Enquire Compositedge Enquire
Contact Broker Get Free Trading + Demat Account for limited time. Get the offer
Leave your contact information and we will get in touch with you....
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Religare Vs Compositedge NRI Investment Options

  Religare Compositedge
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options

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Religare Vs Compositedge NRI Customer Service

  Religare Compositedge
Customer Care Number 0120 6130300
Customer Care Email wecare@religareonline.com
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Religare Vs Compositedge Order Type Offered for NRI Account

  Religare Compositedge
Bracket Order
Cover Order
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No

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Religare Vs Compositedge - NRI Account Advantages and Disadvantages

  Religare Compositedge
Pros
  • Dedicated NRI Invest team and relationship managers to all NRIs.
  • Free research, recommendation and trading tips to NRIs.
  • NRIs can hedge the portfolio risk using futures and options trading facility.
  • Offers Mutual Fund services to NRIs
  • Offers ESOP trading facility for NRIs.
  • A team of specialists to assist non-resident Indian investors.
  • Assists in PAN card and PIS account opening.
  • NRIs can invest in Equity, bond, MF, and IPO (offline).
  • Provides semi and algo trading options.
  • Can also place offline order through telephone.
Cons
  • Brokerage charges are higher in comparison to discount brokers like Zerodha, Tradejini , and Prostocks.
  • Religare doesn't offer automated trading to the investors.
  • Doesn't offer 3-in-1 accounts which means more paperwork for NRIs in opening bank accounts & PIS separately. Also, funds need to be transferred to the PIS enabled bank account before trading.
  • Have to open custodial and bank accounts separately which increases paperwork and overall charges.
  • The platform is designed for knowledgeable and experienced traders. New traders may not find it easy to use.
  • Doesn't offer a 3-in-1 account that means investors have to open a bank account with third party bank.
  • Doesn't offer in-house trading platforms. NRIs have to depend on 3rd-party to resolve technical issues.
Conclusion

Religare Broking Ltd is a good choice for NRIs who wants trading assistance as well as access to research reports to gain market insights. It has a dedicated research team that publishes incisive research reports to keep you updated on the latest trends in the economy and markets. It also offers good trading platforms with useful features like multiple stock tracking, instant order execution, and real-time streaming of quotes.

Composite Edge offers a 2-in-1 account for NRIs to trade and invest across equity, mutual fund, IPO, bonds, and PMS. The brokerage charges are higher than other discount brokers. It doesn't have its own trading platforms and so is depended on the platform owners for up-gradation and resolving technical issues. Overall, there's not a single key offering or market differentiator from the stock broker to attract NRIs. There are better choices available in the market.

Promo / Offers

Free Trading + Demat Account

Religare offer FREE Trading + Demat Account. In addition you get Rs 0 AMC on Demat Account for 1st year.

This is a limited time offer. Simply leave your contact information with us and Religare representatives will contact you.

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