ICICI Direct Vs Religare (Compare ICICI Direct and Religare)


ICICI Direct
ICICI Direct 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. ICICI Direct's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI ... Know more about ICICI Securities Pvt Ltd.


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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ICICI Direct Vs Religare

Incorporated in 2000, ICICI Direct 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.

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

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

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

ICICI Direct Vs Religare Brokerage

ICICI Direct 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%.

  ICICI Direct 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

ICICI Direct Vs Religare Brokerage Plan 2

  ICICI Direct Religare
Account Type 3-in-1 Account (I-Secure Plan) My Saver Online Plan
Fixed Charges
Equity Delivery 0.55% 0.50% to 0.10%
Equity Intraday 0.275% 0.050% to 0.010%
Equity Futures 0.05% to 0.03% 0.05%
Equity Options Rs 95 to Rs 35 per lot Rs 70 per lot
Currency Futures 0.050% to 0.030% 0.05%
Currency Options Rs 25 to Rs 10 per lot Rs 30 per lot
Commodity Futures NA 0.05%
Commodity Options NA Rs 30 per lot
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ICICI Direct Vs Religare Brokerage Plan 3

  ICICI Direct Religare
Account Type I-Saver Plan My Saver Online Plan
Fixed Charges
Equity Delivery 0.75% to 0.25% 0.50% to 0.10%
Equity Intraday 0.75% to 0.25% 0.050% to 0.010%
Equity Futures 0.05% to 0.03% 0.05%
Equity Options Rs 95 to Rs 65 per lot Rs 70 per lot
Currency Futures 0.05% to 0.03% 0.05%
Currency Options 0.25 to Rs 65 per lot Rs 30 per lot
Commodity Futures NA 0.05%
Commodity Options NA Rs 30 per lot
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ICICI Direct Charges Vs Religare

Minimum Brokerage Rs 35 per trade 1p per share
Other Charges Margin Trading Interest: 0.025% Per day
Call & Trade Charges Rs 25 per call after first 20 free calls per month Rs 10 per executed order (max Rs 50 per day)
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ICICI Direct Vs Religare Transaction Charges

ICICI Direct 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.

  ICICI Direct 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 NA 0.0035%
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ICICI Direct Vs Religare Leverage (Margin)

ICICI Direct provides the margin of Upto 25x for intraday trades whereas the Religare margin for intraday cash is Upto 10x.

  ICICI Direct Religare
Equity Delivery 5x with Interest Upto 4x with 24% interest per year
Equity Intraday Upto 25x Upto 10x
Equity Futures 4x Upto 3x
Equity Options 2x for shorting Upto 3x for shorting
Currency Futures NA Upto 2x
Currency Options NA 2x for shorting
Commodity Futures NA Upto 3x
Commodity Options
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Compare ICICI Direct and Religare Features

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

  ICICI Direct 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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ICICI Direct Vs Religare Review

ICICI Direct is rated 2.4 of 5 based on 441 customer reviews whereas Religare is rated 2.9 of 5 based on 77 customer reviews.

  ICICI Direct Religare
  441 Customer Reviews    Rate ICICI Direct 77 Customer Reviews    Rate Religare
Fees 2.2 3.2
Brokerage 1.7 3.1
Trading Platform 3.4 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 ICICI Direct is rated 2.4 of 5 based on 441 customer reviews Religare is rated 2.9 of 5 based on 77 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct 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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ICICI Direct Vs Religare Investment Options

  ICICI Direct 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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ICICI Direct Vs Religare Order Type Offered

  ICICI Direct 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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ICICI Direct Vs Religare Research Report

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

  ICICI Direct Religare
Casual Investor Yes
Active Investor
Trader
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ICICI Direct Vs Religare - Pros and Cons

  ICICI Direct 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.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra Rs 25 per call after first 20 free calls in a month.
  • 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 (Intraday and F&O) 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.

Open ICICI Direct AccountEnquire Religare

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