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About 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... 
About Choice Broking
Incorporated in 2010, Choice Equity Broking Pvt. Ltd (commonly known as Choice Broking) is a Mumbai-based full-service stockbroking firm. Choice broking is a subsidiary of a publicly listed financial services firm named 'Choice International Limited' that was formed in 1993.
Choice Broking offers online trading and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, wealth management, Portfolio management, Insuran...
Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 branches across India. Incorporated in 2010, Choice Broking is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, ICDEX. It has 50 branches across India.
| Religare | Choice Broking | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE, MCX | BSE, NSE, MCX, NCDEX, ICDEX |
| Year of Incorporation | 1994 | 2010 |
| Number of Branches | 1500 | 50 |
| Enquire Religare | Enquire Choice Broking |
Religare trading account opening charges is Rs 500 while Choice Broking account opening changes is Rs 0 (Free). Religare Demat Account AMC Charges is Rs 400 from second year onward and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).
| Religare | Choice Broking | |
|---|---|---|
| Trading Account Opening Charges | Rs 500 | Rs 0 (Free) |
| Trading Account AMC Charges | Nil | Rs 0 (Free) |
| Demat Account Opening Charges | Nil | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 400 from second year onward | Rs 200 or as per plan. (1st year AMC free) |
Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.
| Account Type | Religare My Saver Online Plan | Choice Broking Standard Plan |
|---|---|---|
| Fixed Charges | ||
| Equity Delivery | 0.50% to 0.10% | 0.20% |
| Equity Intraday | 0.050% to 0.010% | 0.02% |
| Equity Futures | 0.05% | 0.02% |
| Equity Options | Rs 70 per lot | Rs 25 per lot |
| Currency Futures | 0.05% | 0.02% |
| Currency Options | Rs 30 per lot | Rs 20 per lot |
| Commodity Futures | 0.05% | 0.02% |
| 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 |
| Minimum Brokerage | 1p per share | |
| Other Charges | ||
| Call & Trade Charges | Rs 10 per executed order (max Rs 50 per day) | Rs 0 (Free) |
Religare transaction charges for options is 0.06% on Premium while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).
| Religare | Choice Broking | |
|---|---|---|
| Equity Delivery | 0.0037% | NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade |
| Equity Intraday | 0.0037% | NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade |
| Equity Futures | 0.004% | NSE Rs 240 per crore (0.0024%) |
| Equity Options | 0.06% on Premium | NSE Rs 5000 per crore (0.05%) |
| Currency Futures | 0.004% | NSE Rs 90 per crore (0.0009%) |
| Currency Options | 0.06% on Premium | NSE Rs 4000 per crore (0.04%) |
| Commodity | 0.0035% | Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%) |
| Enquire Religare | Enquire Choice Broking |
Religare margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Choice Broking margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Religare | Choice Broking | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Enquire Religare | Enquire Choice Broking |
The trading platforms offered Religare include Odin Diet, Web, Dynami. Choice Broking offers Jiffy trading software.
| Religare | Choice Broking | |
|---|---|---|
| 3 in 1 Account |  |
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| Charting |  |
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| Automated Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding | |
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| Margin Against Shares (Equity Cash) | |
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| Margin Against Shares (Equity F&O) | |
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| Trading Platform | Odin Diet, Web, Dynami | Jiffy |
| Intraday Square-off Time | 3:15 PM | |
| Other Features | Mutual Fund, EMI Calculator | |
| Referral Program | |
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| Enquire Religare | Enquire Choice Broking |
Religare is rated 2.9 of 5 based on 77 customer reviews whereas Choice Broking is rated 3.6 of 5 based on 10 customer reviews.
| Religare | Choice Broking | |
|---|---|---|
77 Customer Reviews  |
10 Customer Reviews |
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| Trading Platform |  |
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| Overall Ratings | |
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| Broker Rating | Religare is rated 2.9 of 5 based on 77 customer reviews | Choice Broking is rated 3.6 of 5 based on 10 customer reviews |
| Religare Enquire | Choice Broking 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.... |
| Religare | Choice Broking | |
|---|---|---|
| Stock / Equity | |
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| Commodity | |
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| Currency | |
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| IPO | |
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| Mutual Funds | |
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| Bond / NCD | |
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| Debt | |
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| Other Investment Options | Portfolio Management Services, Insurance |
| Religare | Choice Broking | |
|---|---|---|
| Bracket Order | |
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| Cover Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
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| Enquire Religare | Enquire Choice Broking |
| Religare | Choice Broking | |
|---|---|---|
| Daily Market Report | |
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| Free Tips | |
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| Quarterly Result Analysis | |
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| News Alerts | |
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| Religare | Choice Broking | |
|---|---|---|
| Casual Investor | |
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| Active Investor | |
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| Trader |
| Religare | Choice Broking | |
|---|---|---|
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| Reviews | Choice Equity Broking Private Limited, commonly known as Choice Broking , is a Mumbai based full-service broker incorporated in 2010 offering online trading and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, Margin Trading Facility, wealth management, Portfolio management, Insurance, and Loan against share. The company offers 2-in-1 account opening services and has a depository membership with CDSL and NSDL and is a member of NSE, BSE, MCX, NCDEX, and ICEX. The company has a proprietary trading platform (Jiffy) available on the website, Android, and iOS. |
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| Promo / Offers |
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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| Enquire Religare | Enquire Choice Broking |
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