Religare Vs Finvasia (Compare Religare and Finvasia)

Religare Vs Finvasia

Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 branches across India. Incorporated in 2013, Finvasia is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

	Religare	Finvasia
Type of Broker	Full Service Broker	Discount Broker
Supported Exchnages	BSE, NSE, MCX	BSE, NSE, MCX
Account Type	My Saver Online Plan	Standard
Year of Incorporation	1994	2013
Number of Branches	1500	1
Broker Enquiry
	Enquire Religare	Enquire Finvasia

Religare Vs Finvasia Charges & AMC

Religare trading account opening charges is Rs 500 while Finvasia account opening changes is Rs 0 (Free). Religare Demat Account AMC Charges is Rs 400 from second year onward and Finvasia Demat Account AMC Charges is Rs 0 per year (Lifetime Zero AMC).

	Religare	Finvasia
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 0 per year (Lifetime Zero AMC)

Religare Vs Finvasia Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas Finvasia brokerage charges for equity is Rs 0 and intraday is Rs 0.

	Religare	Finvasia
Account Type	My Saver Online Plan	Standard
Fixed Charges		NA
Equity Delivery Brokerage	0.50% to 0.10%	Rs 0
Equity Intraday Brokerage	0.050% to 0.010%	Rs 0
Equity Futures Brokerage	0.05%	Rs 0
Equity Options Brokerage	Rs 70 per lot	Rs 0
Currency Futures Trading Brokerage	0.05%	Rs 0
Currency Options Trading Brokerage	Rs 30 per lot	Rs 0
Commodity Futures Trading Brokerage	0.05%	Rs 0
Commodity Options Trading Brokerage	Rs 30 per lot	Rs 0
Special Offer	Special Offer: Get Free Trading + Demat Account for limited time. Get the offer

Religare Charges Vs Finvasia

Minimum Brokerage Charges	1p per share	Rs 0
Other Brokerage Charges		Bracket Orders in NEST: Rs 99 per month
Call & Trade Charges	Rs 10 per executed order (max Rs 50 per day)	Rs 0

Religare Vs Finvasia Transaction Charges

Religare transaction charges for options is 0.06% on Premium while Finvasia exchange transaction charges for options is Rs 5000 per Cr (0.05%) (on premium).

	Religare	Finvasia
Equity Delivery	0.0037%	NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (each side)
Equity Intraday	0.0037%	NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (each side)
Equity Futures	0.004%	NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side)
Equity Options	0.06% on Premium	Rs 5000 per Cr (0.05%) (on premium)
Currency Futures	0.004%	Rs 115 per Cr (0.00115%)
Currency Options	0.06% on Premium	Rs 4000 per Cr (0.04%) (on premium)
Commodity	0.0035%	Rs 260 per Cr (0.0026%)
	Enquire Religare	Enquire Finvasia

Religare Vs Finvasia Leverage (Margin)

Religare provides the margin of Upto 10x for intraday trades whereas the Finvasia margin for intraday cash is up to 10x.

	Religare	Finvasia
Equity Delivery	Upto 4x with 24% interest per year	1x
Equity Intraday	Upto 10x	up to 10x
Equity Futures	Upto 3x	2x
Equity Options	Upto 3x for shorting	1x
Currency Futures	Upto 2x	1x
Currency Options	2x for shorting	1x
Commodity Futures	Upto 3x	2x
Commodity Options		1x
	Enquire Religare	Enquire Finvasia

Compare Religare and Finvasia Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. Finvasia offers Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto trading software.

	Religare	Finvasia
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	Odin Diet, Web, Dynami	Scalpert, Omnysis NEST, NSE NOW, Blitz Trader, Fox Trader and Symphony Presto
Intraday Square-off Time		3:15 PM
Other Features	Mutual Fund, EMI Calculator	Asset management, Investment Banking, Advisory, and Currency hedging.
Referral Program
	Enquire Religare	Enquire Finvasia

Religare Vs Finvasia Review

Religare is rated 2.9 of 5 based on 77 customer reviews whereas Finvasia is rated 4.5 of 5 based on 36 customer reviews.

	Religare	Finvasia
	77 Customer Reviews	36 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Religare is rated 2.9 of 5 based on 77 customer reviews	Finvasia is rated 4.5 of 5 based on 36 customer reviews

Religare Vs Finvasia Investment Options

	Religare	Finvasia
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Religare Vs Finvasia Order Type Offered

	Religare	Finvasia
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Enquire Religare	Enquire Finvasia

Religare Vs Finvasia Research Report

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

Religare Vs Finvasia Suitable For Investor Type

	Religare	Finvasia
Casual Investor
Active Investor
Trader

Religare Vs Finvasia - Pros and Cons

	Religare	Finvasia
Pros	3 to 4 times exposure is given in cash as well as F&O segment.	Finvasia truly doesn't charge any brokers for any segment on any exchange. No monthly fee except software uses charges for few optional advances trading platform. Doesn't charge any trade clearing charges. A variety of trading platforms are available for the trader to choose from. Provides trading API and support Algo trading tools. Offer other services including Asset Management, Investment Banking, Research and Currency Hedging for retail, institutional and foreign clients. Call & trade is available for free to all the customers. GTC orders are available in MCX.
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).	Scalpter, the web-based trading platform has only 1 min charting frame. Bracket orders are chargeable. NEST and NOW trading terminals (Installable trading application) are available at additional monthly fees. GTC orders are not available at NSE and BSE. Finvasia is an online stock broker. It doesn't have branch offices. Doesn't offer a 3-in-1 account. Doesn't offer margin funding. Leverage offered is on the lower side in comparison with other discount brokers.
Reviews
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.
	Enquire Religare	Enquire Finvasia