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ICICIdirect Vs Religare (Compare ICICIdirect and Religare)


ICICI Securities Pvt Ltd. Logo

ICICIdirect
ICICIdirect is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include equity, commodity, and currency trading at BSE, NSE, and MCX. The company also offers Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc. ICICIdirect's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI Tr... Know more about ICICI Securities Pvt Ltd.


Religare Logo

Religare
Update On Dec 20, 2017, Edelweiss Group's wealth management unit has acquired the securities business of Religare Enterprises Ltd. The acquisition includes Religare's securities and commodities broking services along with depository participant services. Incorporated in 1986, Religare Securities Ltd (RSL) is a subsidiary of Religare Enterprises Limited, New Delhi based diversified financial group. Religare Securities offers retail broking, depository services and other related investme... Know more about Religare

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ICICIdirect Vs Religare

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 branches across India.

  ICICIdirect Religare
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX
Year of Incorporation 2000 1994
Number of Branches 154 1500
Open an Online Trading Account with ICICIdirect.Open an Online Trading Account with Religare.
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ICICIdirect Vs Religare Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while Religare account opening changes is Rs 500. ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and Religare Demat Account AMC Charges is Rs 400 from second year onward.

  ICICIdirect Religare
Trading Account Opening Charges Rs 0 (Free) Rs 500
Trading Account AMC Charges Rs 0 (Free) Nil
Demat Account Opening Charges Rs 0 (Free) Nil
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 400 from second year onward
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ICICIdirect Vs Religare Brokerage Charges & Plans

ICICIdirect Vs Religare Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010%.

  ICICIdirect Religare
Account Type ICICI Neo Plan My Saver Online Plan
Fixed Charges NA
Equity Delivery 0.55% 0.50% to 0.10%
Equity Intraday Rs 20 per order 0.050% to 0.010%
Equity Futures Rs 0 (Free) 0.05%
Equity Options Rs 20 per order Rs 70 per lot
Currency Futures Rs 20 per order 0.05%
Currency Options Rs 20 per order Rs 30 per lot
Commodity Futures Rs 20 per order 0.05%
Commodity Options Rs 20 per order Rs 30 per lot
Special Offer
Special Offer: ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now
Special Offer: Get Free Trading + Demat Account for limited time. Get the offer

ICICIdirect Vs Religare Brokerage Plan 2

  ICICIdirect Religare
Account Type I-Secure Plan My Saver Online Plan
Fixed Charges NA
Equity Delivery 0.55% 0.50% to 0.10%
Equity Intraday 0.275% 0.050% to 0.010%
Equity Futures 0.05% 0.05%
Equity Options Rs 95 per lot Rs 70 per lot
Currency Futures Rs 20 per order 0.05%
Currency Options Rs 20 per order Rs 30 per lot
Commodity Futures Rs 20 per order 0.05%
Commodity Options Rs 20 per order Rs 30 per lot
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ICICIdirect Charges Vs Religare

Minimum Brokerage Rs 35 per trade (I-Secure Plan) 1p per share
Other Charges Margin Trading Interest: 0.025% Per day
Call & Trade Charges Rs 50 per trade Rs 10 per executed order (max Rs 50 per day)
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ICICIdirect Vs Religare Transaction Charges

ICICIdirect transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Religare exchange transaction charges for options is 0.06% on Premium.

  ICICIdirect Religare
Equity Delivery NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) 0.0037%
Equity Intraday NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) 0.0037%
Equity Futures Rs 180 per Cr (0.0018%) 0.004%
Equity Options Rs 5000 per Cr (0.05%) (on premium) 0.06% on Premium
Currency Futures Rs 120 per Cr (0.0012%) 0.004%
Currency Options Rs 5000 per Cr (0.05%) (on premium) 0.06% on Premium
Commodity Group A - Rs 260 per Cr (0.0026%) 0.0035%
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ICICIdirect Vs Religare Leverage (Margin)

ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Religare margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  ICICIdirect Religare
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare ICICIdirect and Religare Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Religare offers Odin Diet, Web, Dynami trading software.

  ICICIdirect Religare
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Odin Diet, Web, Dynami
Intraday Square-off Time 3:30 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader Mutual Fund, EMI Calculator
Referral Program
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ICICIdirect Vs Religare Review

ICICIdirect is rated 2.4 of 5 based on 453 customer reviews whereas Religare is rated 2.9 of 5 based on 77 customer reviews.

  ICICIdirect Religare
  453 Customer Reviews    Rate ICICIdirect 77 Customer Reviews    Rate Religare
Fees 2.2 3.2
Brokerage 1.7 3.1
Trading Platform 3.3 3.0
Customer Service 2.7 2.9
Research Capabilities 2.9 3.2
Overall Ratings Rated 2.4 stars Rated 2.9 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 453 customer reviews Religare is rated 2.9 of 5 based on 77 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire Religare Enquire
Contact Broker ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now Get Free Trading + Demat Account for limited time. Get the offer
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ICICIdirect Vs Religare Investment Options

  ICICIdirect Religare
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS
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ICICIdirect Vs Religare Order Type Offered

  ICICIdirect Religare
Bracket Order No No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No No
Good Till Cancelled (GTC) Yes Yes
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ICICIdirect Vs Religare Research Report

  ICICIdirect Religare
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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ICICIdirect Vs Religare Suitable For Investor Type

  ICICIdirect Religare
Casual Investor Yes
Active Investor
Trader
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ICICIdirect Vs Religare - Pros and Cons

  ICICIdirect Religare
Pros
  • 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.
  • 3 to 4 times exposure is given in cash as well as F&O segment.
Cons
  • 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.
  • Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.
  • EXE Based trading terminal are available for Rs 999 per annum.
  • Call and Trade is charged at Rs 10 per executed order (maximum Rs 50 per day in a segment).
Reviews
Promo / Offers

ICICIdirect Neo Plan (Discount Brokerage)

Open a 3-in-1 account with Neo Plan for:

  • Free Account Opening
  • Brokerage-Free Equity Futures trading
  • Flat Rs. 20 per trade brokerage in Options, Currency F&O and Commodity futures in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 30 minutes of selling stocks

Interested in opening a trading account? Open Instant Account Now

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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ICICIdirect Religare
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