Religare Vs AxisDirect (Compare Religare and AxisDirect)


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


AxisDirect
Incorporated in 2005, Axis Securities Ltd is part of Axis Bank, a leading private bank in India. Axis Sec is a full-service broker offering stock broking services and distribution of financial products to retail customers in India through its AxisDirect brand. AxisDirect is among top 10 stock brokers in India with over 4.2 lakhs active customers. AxisDirect offers investment in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and Company Fixed Deposits. Axis Sec also offers Home Loa... Know more about Axis Securities

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Religare Vs AxisDirect

Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 branches across India. Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India.

  Religare AxisDirect
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX
Year of Incorporation 1994 2006
Number of Branches 1500 56
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Religare Vs AxisDirect Charges & AMC

Religare trading account opening charges is Rs 500 while AxisDirect account opening changes is Rs 900. Religare Demat Account AMC Charges is Rs 400 from second year onward and AxisDirect Demat Account AMC Charges is Rs 650.

  Religare AxisDirect
Trading Account Opening Charges Rs 500 Rs 900
Trading Account AMC Charges Nil Rs 0
Demat Account Opening Charges Nil Rs 0
Demat Account AMC Charges Rs 400 from second year onward Rs 650
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Religare Vs AxisDirect Brokerage Charges & Plans

Religare Vs AxisDirect Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05%.

  Religare AxisDirect
Account Type My Saver Online Plan Standard Brokerage Plan
Fixed Charges NA
Equity Delivery 0.50% to 0.10% 0.50%
Equity Intraday 0.050% to 0.010% 0.05%
Equity Futures 0.05% 0.05%
Equity Options Rs 70 per lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures 0.05% 0.05%
Currency Options Rs 30 per lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l
Commodity Futures 0.05% 0.03%
Commodity Options Rs 30 per lot Rs 50 per lot
Special Offer
Special Offer: Get Free Trading + Demat Account for limited time. Get the offer

Religare Charges Vs AxisDirect

Minimum Brokerage 1p per share Rs 20 per trade
Other Charges
Call & Trade Charges Rs 10 per executed order (max Rs 50 per day) Rs 20 per call
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Religare Vs AxisDirect Transaction Charges

Religare transaction charges for options is 0.06% on Premium while AxisDirect exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium).

  Religare AxisDirect
Equity Delivery 0.0037% NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday 0.0037% NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures 0.004% NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Options 0.06% on Premium NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium)
Currency Futures 0.004% Rs 190 per Cr (0.0019%)
Currency Options 0.06% on Premium Rs 5000 per Cr (0.05%) (on premium)
Commodity 0.0035%
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Religare Vs AxisDirect Leverage (Margin)

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

  Religare AxisDirect
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 Religare and AxisDirect Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. AxisDirect offers DirectTrade, Axisdirect Web, Axisdirect Mobile trading software.

  Religare AxisDirect
3 in 1 Account No Yes
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes 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 Odin Diet, Web, Dynami DirectTrade, Axisdirect Web, Axisdirect Mobile
Intraday Square-off Time 3:15
Other Features Mutual Fund, EMI Calculator
Referral Program Yes
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Religare Vs AxisDirect Review

Religare is rated 2.9 of 5 based on 77 customer reviews whereas AxisDirect is rated 2.1 of 5 based on 72 customer reviews.

  Religare AxisDirect
  77 Customer Reviews    Rate Religare 72 Customer Reviews    Rate AxisDirect
Fees 3.2 2.0
Brokerage 3.1 1.8
Trading Platform 3.0 2.6
Customer Service 2.9 2.2
Research Capabilities 3.2 2.9
Overall Ratings Rated 2.9 stars Rated 2.1 stars
Broker Rating Religare is rated 2.9 of 5 based on 77 customer reviews AxisDirect is rated 2.1 of 5 based on 72 customer reviews
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Contact Broker / Request A Call Back

  Religare Enquire AxisDirect Enquire
Contact Broker Get Free Trading + Demat Account for limited time. Get the offer
Leave your contact information and we will get in touch with you....
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Religare Vs AxisDirect Investment Options

  Religare AxisDirect
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 Loans, ETF, Corporate FD
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Religare Vs AxisDirect Order Type Offered

  Religare AxisDirect
Bracket Order No No
Cover Order No Yes
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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Religare Vs AxisDirect Research Report

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

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

  Religare AxisDirect
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.
  1. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
Cons
  • 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).
  • Minimum Average Quarterly Balance(AQB) of Rs 75,000 in bank account is required. Rs 250 per month fee if minimum balance not maintained.
  • Charges Rs 250 per month fee if you are not an axis bank customer.
  • Install-able trading terminal cost at Rs 2999 per year which is mostly free by all discount brokers
  • Higher commodity and currency trading brokerage.
  • Call & Trade is charged Rs 20 extra per trade
Reviews
Promo / Offers

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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