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
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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)

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

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
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
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Religare Vs Finvasia Review

Religare is rated 2.9 of 5 based on 75 customer reviews whereas Finvasia is rated 4.5 of 5 based on 20 customer reviews.

	Religare	Finvasia
	75 Customer Reviews	20 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 75 customer reviews	Finvasia is rated 4.5 of 5 based on 20 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)
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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 ₹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	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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