Religare Vs Fyers (Compare Religare and Fyers)

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


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


Fyers
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representing the core values of the company. The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in... Know more about Fyers Securities Ltd

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Religare Vs Fyers

Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India.

  Religare Fyers
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE, MCX NSE, MCX
Account Type My Saver Online Plan Flat Fee Brokerage Plan
Year of Incorporation 1994 2015
Number of Branches 1500 0
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 Fyers. Leave your contact info and we will get in touch with you.
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Religare Vs Fyers Charges & AMC

Religare trading account opening charges is ₹500 while Fyers account opening changes is ₹400 (Free). Religare Demat Account AMC Charges is ₹400 from second year onward and Fyers Demat Account AMC Charges is ₹300.

  Religare Fyers
Trading Account Opening Charges ₹500 ₹400 (Free)
Trading Account AMC Charges Nil ₹0 (Free)
Demat Account Opening Charges Nil ₹0 (Free)
Demat Account AMC Charges ₹400 from second year onward ₹300
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Religare Vs Fyers Brokerage Charges & Plans

Religare Vs Fyers Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas Fyers brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or .03% whichever is lower.

  Religare Fyers
Account Type My Saver Online Plan Flat Fee Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.50% to 0.10% ₹0 (Free)
Equity Intraday Brokerage 0.050% to 0.010% ₹20 per executed order or .03% whichever is lower
Equity Futures Brokerage 0.05% ₹20 per executed order or .03% whichever is lower
Equity Options Brokerage ₹70 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.05% ₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage ₹30 per lot ₹20 per executed order
Commodity Futures Trading Brokerage 0.05% ₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage ₹30 per lot ₹20 per executed order
Special Offer
Special Offer: Get Free Trading + Demat Account for limited time. Get the offer
Special Offer: Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer

Religare Charges Vs Fyers

Minimum Brokerage Charges 1p per share Intra-day: ₹7 or 2.5% whichever is lower
Other Brokerage Charges Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments)
Call & Trade Charges ₹10 per executed order (max ₹50 per day) ₹20 per trade
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Religare Vs Fyers Transaction Charges

Religare transaction charges for options is 0.06% on Premium while Fyers exchange transaction charges for options is ₹5900 per Cr (on premium) (0.059%).

  Religare Fyers
Equity Delivery 0.0037% ₹325 per Cr (0.00325%)
Equity Intraday 0.0037% ₹325 per Cr (0.00325%)
Equity Futures 0.004% ₹240 per Cr (0.0024%)
Equity Options 0.06% on Premium ₹5900 per Cr (on premium) (0.059%)
Currency Futures 0.004% ₹240 per Cr (0.0024%)
Currency Options 0.06% on Premium ₹5900 per Cr (on premium) (0.059%)
Commodity 0.0035% NA
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Religare Vs Fyers Leverage (Margin)

Religare provides the margin of Upto 10x for intraday trades whereas the Fyers margin for intraday cash is Up to 16x (based on the stock).

  Religare Fyers
Equity Delivery Upto 4x with 24% interest per year 1 times
Equity Intraday Upto 10x Up to 16x (based on the stock)
Equity Futures Upto 3x Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Upto 3x for shorting Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x
Currency Futures Upto 2x Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options 2x for shorting Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling)
Commodity Futures Upto 3x NA
Commodity Options
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Compare Religare and Fyers Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. Fyers offers Fyers One (In-house build) trading software.

  Religare Fyers
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Odin Diet, Web, Dynami Fyers One (In-house build)
Intraday Square-off Time 3:20 PM
Other Features Mutual Fund, EMI Calculator Brokerage free thematic investing is available
Referral Program Yes
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Religare Vs Fyers Review

Religare is rated 2.9 of 5 based on 75 customer reviews whereas Fyers is rated 4.0 of 5 based on 14 customer reviews.

  Religare Fyers
  75 Customer Reviews    Rate Religare 14 Customer Reviews    Rate Fyers
Fees 3.1 3.6
Trading Brokerage 3.1 4.0
Trading Platform Usability 3.0 3.6
Customer Service 2.9 4.3
Research Capabilities 3.0 2.0
Overall Ratings Rated 2.9 stars Rated 4.0 stars
Broker Rating Religare is rated 2.9 of 5 based on 75 customer reviews Fyers is rated 4.0 of 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  Religare Enquire Fyers Enquire
Contact Broker

Get Free Trading + Demat Account for limited time. Get the offer

Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer

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Religare Vs Fyers Investment Options

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

  Religare Fyers
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 Fyers Research Report

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

  Religare Fyers
Casual Investor
Active Investor Yes
Trader Yes
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Religare Vs Fyers - Pros and Cons

  Religare Fyers
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum ₹20 per trade.
  • No software charges.
  • State of art trading platforms.
  • Thematic investment is available
  • Refer your friends and earn 20% of the revenues generated by your friends, for life!
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).
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
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.

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Fyers, simply leave your contact information with us and Fyers representatives will call you.

Enquire ReligareEnquire Fyers

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