Indiabulls Vs Religare (Compare Indiabulls and Religare)

Indiabulls Vs Religare

Incorporated in 2000, Indiabulls is a Full Service Broker. It offers trading at BSE, NSE and MCX. It has 18 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.

	Indiabulls	Religare
Type of Broker	Full Service Broker	Full Service Broker
Exchnage Membership	BSE, NSE and MCX	BSE, NSE, MCX
Year of Incorporation	2000	1994
Number of Branches	18	1500
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Indiabulls Vs Religare Charges & AMC

Indiabulls trading account opening charges is Rs 500 while Religare account opening changes is Rs 500. Indiabulls Demat Account AMC Charges is Rs 450 and Religare Demat Account AMC Charges is Rs 400 from second year onward.

	Indiabulls	Religare
Trading Account Opening Charges	Rs 500	Rs 500
Trading Account AMC Charges	Rs 0	Nil
Demat Account Opening Charges	Rs 0	Nil
Demat Account AMC Charges	Rs 450	Rs 400 from second year onward

Indiabulls Vs Religare Brokerage

Indiabulls brokerage charges for equity is Rs 0 (Free) and intraday is Rs 0 (Free) whereas Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010%.

	Indiabulls	Religare
Account Type	Equity Unlimited Trade	My Saver Online Plan
Fixed Charges	Rs 1000
Equity Delivery	Rs 0 (Free)	0.50% to 0.10%
Equity Intraday	Rs 0 (Free)	0.050% to 0.010%
Equity Futures	Rs 15 per trade	0.05%
Equity Options	Rs 15 per trade	Rs 70 per lot
Currency Futures	Rs 15 per trade	0.05%
Currency Options	Rs 15 per trade	Rs 30 per lot
Commodity Futures	0.03%	0.05%
Commodity Options	0.03%	Rs 30 per lot
Special Offer	Special Offer: FREE Unlimited Trading for 1st Month (Rs 1000 waived) Get the offer	Special Offer: Get Free Trading + Demat Account for limited time. Get the offer

Indiabulls Vs Religare Brokerage Plan 2

	Indiabulls	Religare
Account Type	F&O Unlimited Trade	My Saver Online Plan
Fixed Charges	Rs 1000
Equity Delivery	Rs 15 per trade	0.50% to 0.10%
Equity Intraday	Rs 15 per trade	0.050% to 0.010%
Equity Futures	Rs 0 (Free)	0.05%
Equity Options	Rs 0 (Free)	Rs 70 per lot
Currency Futures	Rs 0 (Free)	0.05%
Currency Options	Rs 0 (Free)	Rs 30 per lot
Commodity Futures	0.03%	0.05%
Commodity Options	0.03%	Rs 30 per lot
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Indiabulls Vs Religare Brokerage Plan 3

	Indiabulls	Religare
Account Type	Base Plan	My Saver Online Plan
Fixed Charges	NA
Equity Delivery	Rs 0 (Free)	0.50% to 0.10%
Equity Intraday	Rs 15 per executed order	0.050% to 0.010%
Equity Futures	Rs 15 per executed order	0.05%
Equity Options	Rs 15 per executed order	Rs 70 per lot
Currency Futures	Rs 15 per executed order	0.05%
Currency Options	Rs 15 per executed order	Rs 30 per lot
Commodity Futures	0.03%	0.05%
Commodity Options	0.03%	Rs 30 per lot
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Indiabulls Charges Vs Religare

Minimum Brokerage	Rs 0 (Unlimited Plan), Rs 15 (Per Trade Plan)	1p per share
Other Charges
Call & Trade Charges	Rs 0 (Free)	Rs 10 per executed order (max Rs 50 per day)

Indiabulls Vs Religare Transaction Charges

Indiabulls transaction charges for options is Rs 5500 per crore (on premium) (0.055%) while Religare exchange transaction charges for options is 0.06% on Premium.

	Indiabulls	Religare
Equity Delivery	Rs 325 per crore (0.00325%)	0.0037%
Equity Intraday	Rs 325 per crore (0.00325%)	0.0037%
Equity Futures	Rs 250 per crore (0.0025%)	0.004%
Equity Options	Rs 5500 per crore (on premium) (0.055%)	0.06% on Premium
Currency Futures	Rs 250 per crore (0.0025%)	0.004%
Currency Options	Rs 5500 per crore (on premium) (0.055%)	0.06% on Premium
Commodity		0.0035%
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Indiabulls Vs Religare Leverage (Margin)

Indiabulls margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Religare margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Indiabulls	Religare
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Indiabulls and Religare Features

The trading platforms offered Indiabulls include SHUBH Mobile, SHUBH Web, Power Indiabulls (PIB). Religare offers Odin Diet, Web, Dynami trading software.

	Indiabulls	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	SHUBH Mobile, SHUBH Web, Power Indiabulls (PIB)	Odin Diet, Web, Dynami
Intraday Square-off Time
Other Features	Live News, World market summary	Mutual Fund, EMI Calculator
Referral Program
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Indiabulls Vs Religare Review

Indiabulls is rated 3.2 of 5 based on 50 customer reviews whereas Religare is rated 2.9 of 5 based on 77 customer reviews.

	Indiabulls	Religare
	50 Customer Reviews	77 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Indiabulls is rated 3.2 of 5 based on 50 customer reviews	Religare is rated 2.9 of 5 based on 77 customer reviews

Indiabulls Vs Religare Investment Options

	Indiabulls	Religare
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Indiabulls Vs Religare Order Type Offered

	Indiabulls	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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Indiabulls Vs Religare Research Report

	Indiabulls	Religare
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Indiabulls Vs Religare Suitable For Investor Type

	Indiabulls	Religare
Casual Investor
Active Investor
Trader

Indiabulls Vs Religare - Pros and Cons

	Indiabulls	Religare
Pros	Brokerages free equity delivery trading. Truly no brokerage charges for cash & carry trades. Interest-free Margin Funding in Unlimited Trading plan. Margin funding is available at a low cost of 12% per annum in Rs 15/trade plan. Free trading software. Free research reports and trading tips to all the customers. Years of experience, trust and good track record in stock broker business.	3 to 4 times exposure is given in cash as well as F&O segment.
Cons	Online IPO and Mutual Fund investment are not available in Indiabulls Shubh App. Local branch support is not available to online customers. Advance order types i.e. Bracket Order, Cover Order are not available in monthly unlimited trading plans. Margin against share is not available in Unlimited Trading 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	Limited Time Offer - FREE Unlimited Trading for 1st Month (Rs 1000 waived) Open Indiabulls Online Trading Account and get Free Unlimited Trading for 1st month. Trade Unlimited at Rs 1000/month or Trade at flat Rs 15 per executed order. Get this limited time offer	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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