Religare Vs Fyers (Compare Religare and 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
Exchnage Membership BSE, NSE, MCX NSE, MCX
Year of Incorporation 1994 2015
Number of Branches 1500 0
Open an Online Trading Account with Religare.Open an Online Trading Account with Fyers.
Enquire ReligareOpen Fyers Account
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Religare Vs Fyers Charges & AMC

Religare trading account opening charges is Rs 500 while Fyers account opening changes is Rs 0 (Free). Religare Demat Account AMC Charges is Rs 400 from second year onward and Fyers Demat Account AMC Charges is Rs 300.

  Religare Fyers
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 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 Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.

  Religare Fyers
Account Type My Saver Online Plan Flat Fee Brokerage Plan
Fixed Charges NA
Equity Delivery 0.50% to 0.10% Rs 0 (Free)
Equity Intraday 0.050% to 0.010% Rs 20 per executed order or .03% whichever is lower
Equity Futures 0.05% Rs 20 per executed order or .03% whichever is lower
Equity Options Rs 70 per lot Rs 20 per executed order
Currency Futures 0.05% Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 30 per lot Rs 20 per executed order
Commodity Futures 0.05% Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 30 per lot Rs 20 per executed order
Special Offer
Special Offer: Get Free Trading + Demat Account for limited time. Get the offer
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

Religare Charges Vs Fyers

Minimum Brokerage 1p per share Intra-day: Rs 7 or 2.5% whichever is lower
Other Charges Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments)
Call & Trade Charges Rs 10 per executed order (max Rs 50 per day) Rs 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 Rs 5900 per Cr (on premium) (0.059%).

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

Religare margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Fyers margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Religare Fyers
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Enquire ReligareOpen Fyers Account
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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 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
Enquire ReligareOpen Fyers Account
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Religare Vs Fyers Review

Religare is rated 2.9 of 5 based on 77 customer reviews whereas Fyers is rated 3.2 of 5 based on 21 customer reviews.

  Religare Fyers
  77 Customer Reviews    Rate Religare 21 Customer Reviews    Rate Fyers
Fees 3.2 3.3
Brokerage 3.1 3.7
Trading Platform 3.0 3.2
Customer Service 2.9 3.4
Research Capabilities 3.2 1.7
Overall Ratings Rated 2.9 stars Rated 3.2 stars
Broker Rating Religare is rated 2.9 of 5 based on 77 customer reviews Fyers is rated 3.2 of 5 based on 21 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
Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.
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Religare Vs Fyers Investment Options

  Religare Fyers
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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
Enquire ReligareOpen Fyers Account
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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 Rs 20 per trade.
  • Free account opening.
  • 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 Rs 999 per annum.
  • Call and Trade is charged at Rs 10 per executed order (maximum Rs 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 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.

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

Enquire ReligareOpen Fyers Account

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