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
Supported Exchnages	BSE, NSE	BSE, NSE, MCX
Account Type	3-in-1 Account (I-Secure 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 ₹0 while Religare account opening changes is ₹500. ICICI Direct Demat Account AMC Charges is ₹700 (from 2nd year) and Religare Demat Account AMC Charges is ₹400 from second year onward.

	ICICI Direct	Religare
Trading Account Opening Charges	₹0	₹500
Trading Account AMC Charges	₹0	Nil
Demat Account Opening Charges	₹0	Nil
Demat Account AMC Charges	₹700 (from 2nd year)	₹400 from second year onward

ICICI Direct Vs Religare Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is 0.275% 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	3-in-1 Account (I-Secure Plan)	My Saver Online Plan
Fixed Charges
Equity Delivery Brokerage	0.55%	0.50% to 0.10%
Equity Intraday Brokerage	0.275%	0.050% to 0.010%
Equity Futures Brokerage	0.05% to 0.03%	0.05%
Equity Options Brokerage	₹95 to ₹35 per lot	₹70 per lot
Currency Futures Trading Brokerage	0.050% to 0.030%	0.05%
Currency Options Trading Brokerage	₹25 to ₹10 per lot	₹30 per lot
Commodity Futures Trading Brokerage	NA	0.05%
Commodity Options Trading Brokerage	NA	₹30 per lot
Special Offer	Special Offer: Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.	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	I-Saver Plan	My Saver Online Plan
Fixed Charges
Equity Delivery Brokerage	0.75% to 0.25%	0.50% to 0.10%
Equity Intraday Brokerage	0.75% to 0.25%	0.050% to 0.010%
Equity Futures Brokerage	0.05% to 0.03%	0.05%
Equity Options Brokerage	₹95 to ₹65 per lot	₹70 per lot
Currency Futures Trading Brokerage	0.05% to 0.03%	0.05%
Currency Options Trading Brokerage	0.25 to ₹65 per lot	₹30 per lot
Commodity Futures Trading Brokerage	NA	0.05%
Commodity Options Trading Brokerage	NA	₹30 per lot
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ICICI Direct Vs Religare Brokerage Plan 3

	ICICI Direct	Religare
Account Type	ICICIdirect Prime Plan	My Saver Online Plan
Fixed Charges	₹900
Equity Delivery Brokerage	0.25%	0.50% to 0.10%
Equity Intraday Brokerage	0.25%	0.050% to 0.010%
Equity Futures Brokerage	0.025%	0.05%
Equity Options Brokerage	₹35	₹70 per lot
Currency Futures Trading Brokerage	₹0	0.05%
Currency Options Trading Brokerage	₹0	₹30 per lot
Commodity Futures Trading Brokerage	NA	0.05%
Commodity Options Trading Brokerage	NA	₹30 per lot
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ICICI Direct Charges Vs Religare

Minimum Brokerage Charges	₹35 per trade	1p per share
Other Brokerage Charges
Call & Trade Charges	₹25 per call after first 20 free calls per month	₹10 per executed order (max ₹50 per day)

ICICI Direct Vs Religare Transaction Charges

ICICI Direct transaction charges for options is ₹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 ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side)	0.0037%
Equity Intraday	NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side)	0.0037%
Equity Futures	₹180 per Cr (0.0018%)	0.004%
Equity Options	₹5000 per Cr (0.05%) (on premium)	0.06% on Premium
Currency Futures	₹120 per Cr (0.0012%)	0.004%
Currency Options	₹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 Available
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 430 customer reviews whereas Religare is rated 2.9 of 5 based on 76 customer reviews.

	ICICI Direct	Religare
	430 Customer Reviews	76 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 430 customer reviews	Religare is rated 2.9 of 5 based on 76 customer reviews

ICICI Direct Vs Religare Investment Options

	ICICI Direct	Religare
Stock / Equity
Commodity
Currency
Initial Public Offers (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 broke₹in India. Very high 'minimum brokerage' of ₹35 per trade or 2.5% of the trade value whichever is lower. Poor performance of website is reported in peak hou₹of trading. Trading Terminal (Trade Racer) cost ₹75 per month if brokerage paid in a month is less then ₹750. Demat Account is mandatory. Commodity trading is not available for retail investors. Call & trade cost extra ₹25 per call after first 20 free calls in a month.	EXE Based trading terminal are available for ₹999 per annum. Call and Trade is charged at ₹10 per executed order (maximum ₹50 per day in a segment).
Reviews
Promo / Offers	ICICI 3-in-1 Account ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits. Interested in opening a trading account? Request Callback from a stock broker.	Religare offer FREE Trading + Demat Account. In addition you get ₹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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