Religare Vs Finvasia (Compare Religare and Finvasia)
The side-by-side comparison of Religare and Finvasia. Compare Religare Vs Finvasia brokerage, charges, exposure margin, demat account. Read Finvasia and Religare review.
Find out Religare Vs Finvasia which is better and Religare Vs Finvasia which is best.
Our Religare comparison with Finvasia Securities Pvt Ltd highlights the major differences between two brokers. Find the best between Religare and Finvasia.
Religare Vs Finvasia
Religare
Finvasia
Find more info about broker
About the Broker
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 s...
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, in...
Type of Broker
Full Service Broker
Discount Broker
Supported Exchnage
BSE, NSE, MCX
BSE, NSE, MCX
Account Type
My Saver Online Plan
Standard
Broker Enquiry
Year of Incorporation
1994
2013
Number of Branches
1500
1
Enquire Religare
Enquire Finvasia
Religare Vs Finvasia Charges
Religare
Finvasia
Trading Account Opening Fees
₹500
₹0 (Free)
Trading Account AMC
Nil
₹0 (Free)
Demat Account Opening Fees
Nil
₹0 (Free)
Demat Account AMC
₹400 from second year onward
₹0 per year (Lifetime Zero AMC)
Demat Account is Mandatory?
No
No
Religare Vs Finvasia Brokerage
Other Charges
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
Religare Vs Finvasia Taxes
Religare
Finvasia
Securities Transaction Tax (STT)
Equity Intraday 0.025% (on Sell trade) Equity Delivery 0.1% (on Buy and Sell) Equity Futures 0.01% (on Sell trade) Equity Options 0.05% (on Sell trade premium) or 0.125% (on excersied options) Currency Futures Nil Currency Options Nil Commodities 0.01% on sell side (Non-Agri)
Exchange Transaction Charges
Check table below
SEBI Charges
Rs 15 per Crore
Goods and Services Tax (GST)
18% on (brokerage + transaction charges)
Stamp Duty
Charged as per the state of the client's correspondence address.
Religare Vs Finvasia Transaction Charges
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%)
Religare Vs Finvasia Exposure Margin
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
Religare and Finvasia Feature Comparison
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
Religare Vs Finvasia Review
Religare
Finvasia
72 Customer Reviews
14 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating
Religare is Rated 2.9 / 5 based on 72 customer reviews Finvasia is Rated 4.5 / 5 based on 14 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 Customer Service
Religare
Finvasia
24/7 Customer Service
Onine Live Chat
Through Branches
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)
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 - Advantages and Disadvantages
Religare
Finvasia
Pros
3 to 4 times exposure is given in cash as well as F&O segment.
More Advantages...
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.
More Advantages...
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).
More Disadvantages...
Finvasia is an online stock broker. Except for Chandigarh, it doesn't have branch offices, partner office or franchises.
Doesn't offer a 3-in-1 account.
Doesn't offer margin funding. The company is planning to launch this service in future.
Leverage offered is on the lower side in comparison with other discount brokers.
NEST and NOW trading terminals (Installable trading application) are available at additional monthly fees.
GTC orders are not available at NSE and BSE.
More Disadvantages...
Reviews
Promo / Offers
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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