ICICI Direct Vs Religare (Compare ICICI Direct and Religare)

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
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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

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)

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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	77 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
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

ICICI Direct Vs Religare Investment Options

	ICICI Direct	Religare
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS

ICICI Direct Vs Religare Order Type Offered

	ICICI Direct	Religare
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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ICICI Direct Vs Religare Research Report

	ICICI Direct	Religare
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICI Direct Vs Religare Suitable For Investor Type

	ICICI Direct	Religare
Casual Investor
Active Investor
Trader

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	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 Account	Enquire Religare