Unlimited Trading @ Rs 899 per month - Prostocks

Religare Vs Trustline NRI Account Comparison

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

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

Our Religare comparison with Trustline Securities Ltd highlights the major differences between two brokers. Find the best between Religare and Trustline NRI Account.

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Religare Vs Trustline

  Religare Trustline
 
Religare Logo Trustline Securities 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 Trustline Securities is a full-service broker offering trading and investment services in equity, F&O, mutual fund, FDs, and bonds to both resident and non-resident Indian investors. The broker offers customized investment solutions across wealth man... Know more about Trustline Securities Ltd
Account Type NRI Account
Broker Enquiry Open an Online Trading Account with Religare. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Trustline. Leave your contact info and we will get in touch with you.
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Religare Vs Trustline Charges

  Religare Trustline
NRI Account Opening Fees ₹0
NRI Account AMC ₹1000 + GST
NRI Demat Account Opening Fees Nil Regular: ₹0, Lifetime Free AMC: ₹1000
NRI Demat Account AMC ₹400 from second year onward Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Religare Vs Trustline NRI Account Brokerage Comparison

Brokerage Plan

  Religare Trustline
Account Type NRI Account
Equity Delivery 0.03 (3 paise)
Equity Futures 0.30 (30 paise)
Equity Options ₹75 per lot

Other Charges

Contract Note Reporting Charges NA ₹0
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 Trustline NRI Account Taxes/Fees

  Religare Trustline
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 ₹15 per Crore ₹15 per 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 Trustline NRI Account Exposure Margin

  Religare Trustline
Equity Delivery
Equity Futures
Equity Options
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Religare and Trustline NRI Account Feature Comparison

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

  Religare Trustline
  72 Customer Reviews    Rate Religare 1 Customer Reviews    Rate Trustline
Fees 3.2 4.0
Brokerage 3.1 3.0
Trading Platform 3.0 4.0
Customer Service 3.0 4.0
Overall Rating Rated 2.9 stars Rated 4.0 stars
Broker Rating Religare is Rated 2.9 / 5 based on 72 customer reviews Trustline is Rated 4.0 / 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

  Religare Trustline
Contact Broker
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Religare Vs Trustline NRI Investment Options

  Religare Trustline
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options
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Religare Vs Trustline NRI Customer Service

  Religare Trustline
Customer Care Number 0120 6130300 (0120) 4613-888
Customer Care Email wecare@religareonline.com helpdesk@trustline.in
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Religare Vs Trustline Order Type Offered for NRI Account

  Religare Trustline
Bracket Order No
Cover Order Yes
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) No No
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Religare Vs Trustline - NRI Account Advantages and Disadvantages

  Religare Trustline
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 web and mobile app-based NRI trading and investment platform.
  • Charges lower brokerage for investing in equity and equity derivatives.
  • Doesn't have a minimum brokerage charge which is good for small investors.
  • Offers research-based fundamental and technical analysis which helps in taking a better investment decision.
  • Allows US and Canada based NRIs to trade and invest in the stock market through Trustline trading forms.
  • Trustline works as a clearing and settlement member which reduces the overall cost for investors.
  • Facilitates IPO bidding for resident and non-resident Indian investors.
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.
  • Doesn't offer a 3-in-1 account which means NRIs cannot open all the accounts at a single platform. It also means NRIs have to first transfer funds to PIS account before placing orders.
  • Doesn't offer Bracket Order facility.
  • Doesn't offer AMO (After Market Order) and GTC (Good' Till Cancelled) orders for investors.
  • Allows only Axis bank to open NRI bank account.
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.

Trustline Securities is a good choice for both casual and frequent traders. The full-service broker offers depository services and research tips for NRIs. It also allows US and Canada based NRIs after filling FATCA and FEMA declaration form. The brokerage charges are quite low as compared to other full-service brokers in India. The broker also offers good web and mobile trading platforms in addition to a dedicated mobile app for mutual fund investments. Call n Trade facility and IPO application services are other features that make Trustline a good choice as an NRI stockbroker. The only major disadvantage with the broker is that it only allows Axis Bank accounts to be linked with its trading account. So, if you have Axis NRI bank accounts then its an excellent choice else you have to transfer your bank accounts to trade with Trustline.

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Religare Vs Trustline - More Reviews

  Religare Trustline
NRI Trading Review Religare NRI Account Review Trustline NRI Account Review
Enquire Religare Enquire Trustline
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