Religare Vs Finvasia (Compare Religare and Finvasia)

The side-by-side comparison of Religare and Finvasia. Compare Religare Vs Finvasia brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Religare vs Finvasia?


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


Finvasia
Finvasia is India based technology-driven financial service provider. Finvasia offers a wide range of financial services in India and 14 other countries. The key offerings include retail trading in equity, currency and commodity, asset management, investment banking, advisory, and currency hedging. Finvasia cater to retail, institutional and foreign customers. Honest Pricing. Leading-edge Platform. Exceptional Service. Finvasia Founders Finvasia Securities is based in Chandigarh, In... Know more about Finvasia Securities Pvt Ltd

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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 Open an Online Trading Account with Religare. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Finvasia. Leave your contact info and we will get in touch with you.
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Religare Vs Finvasia Charges & AMC

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

  Religare Finvasia
Trading Account Opening Charges ₹500 ₹0 (Free)
Trading Account AMC Charges Nil ₹0 (Free)
Demat Account Opening Charges Nil ₹0 (Free)
Demat Account AMC Charges ₹400 from second year onward ₹0 per year (Lifetime Zero AMC)
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Religare Vs Finvasia Brokerage Charges & Plans

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 ₹0 and intraday is ₹0.

  Religare Finvasia
Account Type My Saver Online Plan Standard
Fixed Charges
Equity Delivery Brokerage 0.50% to 0.10% ₹0
Equity Intraday Brokerage 0.050% to 0.010% ₹0
Equity Futures Brokerage 0.05% ₹0
Equity Options Brokerage ₹70 per lot ₹0
Currency Futures Trading Brokerage 0.05% ₹0
Currency Options Trading Brokerage ₹30 per lot ₹0
Commodity Futures Trading Brokerage 0.05% ₹0
Commodity Options Trading Brokerage ₹30 per lot ₹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 ₹0
Other Brokerage Charges Bracket Orders in NEST: ₹99 per month
Call & Trade Charges ₹10 per executed order (max ₹50 per day) ₹0
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Religare Vs Finvasia Transaction Charges

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

  Religare Finvasia
Equity Delivery 0.0037% NSE ₹325 per Cr (0.00325%) | BSE ₹325 per Cr (0.00325%) (each side)
Equity Intraday 0.0037% NSE ₹325 per Cr (0.00325%) | BSE ₹325 per Cr (0.00325%) (each side)
Equity Futures 0.004% NSE ₹190 per Cr (0.0019%) | BSE ₹190 per Cr (0.0019%) (each side)
Equity Options 0.06% on Premium ₹5000 per Cr (0.05%) (on premium)
Currency Futures 0.004% ₹115 per Cr (0.00115%)
Currency Options 0.06% on Premium ₹4000 per Cr (0.04%) (on premium)
Commodity 0.0035% ₹260 per Cr (0.0026%)
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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
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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 No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
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
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Religare Vs Finvasia Review

Religare is rated 2.9 of 5 based on 76 customer reviews whereas Finvasia is rated 4.5 of 5 based on 28 customer reviews.

  Religare Finvasia
  76 Customer Reviews    Rate Religare 28 Customer Reviews    Rate Finvasia
Fees 3.2 4.7
Trading Brokerage 3.1 4.9
Trading Platform Usability 3.0 3.4
Customer Service 2.9 4.5
Research Capabilities 3.3 2.7
Overall Ratings Rated 2.9 stars Rated 4.5 stars
Broker Rating Religare is rated 2.9 of 5 based on 76 customer reviews Finvasia is rated 4.5 of 5 based on 28 customer reviews
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Contact Broker / Request A Call Back

  Religare Enquire Finvasia 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 Finvasia Investment Options

  Religare Finvasia
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options
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Religare Vs Finvasia Order Type Offered

  Religare Finvasia
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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Religare Vs Finvasia Research Report

  Religare Finvasia
Daily Market Report Yes Yes
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Religare Vs Finvasia Suitable For Investor Type

  Religare Finvasia
Casual Investor
Active Investor Yes
Trader Yes
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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 ₹999 per annum.
  • Call and Trade is charged at ₹10 per executed order (maximum ₹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

Free Trading + Demat Account

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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