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Religare Vs Fyers (Compare Religare and Fyers)

The side-by-side comparison of Religare and Fyers. Compare Religare Vs Fyers brokerage, charges, exposure margin, demat account. Read Fyers and Religare review.

Find out Religare Vs Fyers which is better and Religare Vs Fyers which is best.

Our Religare comparison with Fyers Securities Ltd highlights the major differences between two brokers. Find the best between Religare and Fyers.

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Religare Vs Fyers

  Religare Fyers Securities Ltd
 
Religare Logo Fyers Securities Ltd Logo
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... Know more about Religare 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", representi... Know more about Fyers Securities Ltd
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX NSE, MCX
Account Type My Saver Online Plan Flat Fee Brokerage Plan
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.
Year of Incorporation 1994 2015
Number of Branches 1500 1
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Religare Vs Fyers Charges

  Religare Fyers Securities Ltd
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 ₹400
Demat Account is Mandatory? No No
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Religare Vs Fyers Brokerage

Brokerage Plan 1

  Religare Fyers Securities Ltd
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 .01% whichever is lower
Equity Futures Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹70 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹30 per lot ₹20 per executed order
Commodity Futures Trading Brokerage 0.05% NA
Commodity Options Trading Brokerage ₹30 per lot

Other Charges

Minimum Brokerage Charges 1p per share
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 Rs 50 per day) ₹20 per trade
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Religare Vs Fyers Taxes

  Religare Fyers Securities Ltd
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)
  • 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 Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Religare Vs Fyers Transaction Charges

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

  Religare Fyers Securities Ltd
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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Religare and Fyers Feature Comparison

  Religare Fyers Securities Ltd
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 Fyers Securities Ltd
  71 Customer Reviews    Rate Religare 8 Customer Reviews    Rate Fyers
Fees Ratings 3.2 3.1
Trading Brokerage Rating 3.1 3.9
Trading Platform Usability 3.0 3.0
Customer Service Ratings 3.0 4.0
Overall Ratings Rated 2.9 stars Rated 3.6 stars
Broker Rating Religare is Rated 2.9 / 5 based on 71 customer reviews Fyers is Rated 3.6 / 5 based on 8 customer reviews
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Contact Broker / Request A Call Back

  Religare Fyers Securities Ltd
Contact / Request Call Back
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Religare Vs Fyers Investment Options

  Religare Fyers Securities Ltd
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 Customer Service

  Religare Fyers Securities Ltd
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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Religare Vs Fyers Order Type Offered

  Religare Fyers Securities Ltd
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 Securities Ltd
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 Securities Ltd
Casual Investor
Active Investor Yes
Trader Yes
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Religare Vs Fyers - Advantages and Disadvantages

  Religare Fyers Securities Ltd
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.

More Advantages...

  • 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!

More Advantages...

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).

More Disadvantages...

  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.

More Disadvantages...

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.

Fyers offer FREE Trading Account (₹0 account opening fee). Equity delivery trades are FREE (no brokerage), for other segments you pay ₹20 per trade flat broekrage fee.

This is a limited time offer. Simply leave your contact information with us and Fyers representatives will contact you.

Enquire about Religare Enquire about Fyers
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