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Religare Vs IIFL Securities (Compare Religare and IIFL Securities)

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


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


IIFL Securities
Incorporated in 1995, IIFL Securities is a stock broker part of IIFL Group. IIFL Group a leading financial service provider in India offering a wide range of services. It is a well-recognized brand for the quality of its advice, personalized service and the use of cutting-edge technology. IIFL Securities offers online trading and research-based advisory services for an entire range of financial products including Stocks, Derivatives, Commodities, Insurance, FDs, Loans, IPO and Bonds etc. They ... Know more about IIFL Securities Limited

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Religare Vs IIFL Securities

Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 branches across India. Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 branches across India.

  Religare IIFL Securities
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX NSE, BSE, MCX
Account Type My Saver Online Plan Flat Brokerage Plan (FBP)
Year of Incorporation 1994 1996
Number of Branches 1500 900
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 IIFL Securities. Leave your contact info and we will get in touch with you.
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Religare Vs IIFL Securities Charges & AMC

Religare trading account opening charges is ₹500 while IIFL Securities account opening changes is ₹750. Religare Demat Account AMC Charges is ₹400 from second year onward and IIFL Securities Demat Account AMC Charges is ₹400 per year.

  Religare IIFL Securities
Trading Account Opening Charges ₹500 ₹750
Trading Account AMC Charges Nil ₹0
Demat Account Opening Charges Nil ₹0
Demat Account AMC Charges ₹400 from second year onward ₹400 per year
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Religare Vs IIFL Securities Brokerage Charges & Plans

Religare Vs IIFL Securities Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas IIFL Securities brokerage charges for equity is 0.50% and intraday is 0.05%.

  Religare IIFL Securities
Account Type My Saver Online Plan Flat Brokerage Plan (FBP)
Fixed Charges
Equity Delivery Brokerage 0.50% to 0.10% 0.50%
Equity Intraday Brokerage 0.050% to 0.010% 0.05%
Equity Futures Brokerage 0.05% 0.05%
Equity Options Brokerage ₹70 per lot 1% of Premium or ₹100 per lot, whichever is high
Currency Futures Trading Brokerage 0.05% 0.05%
Currency Options Trading Brokerage ₹30 per lot 1% of Premium or ₹100 per lot, whichever is high
Commodity Futures Trading Brokerage 0.05% 0.05%
Commodity Options Trading Brokerage ₹30 per lot 1% of Premium or ₹100 per lot, whichever is high
Special Offer
Special Offer: Get Free Trading + Demat Account for limited time. Get the offer
Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

Religare Vs IIFL Securities Brokerage Plan 2

  Religare IIFL Securities
Account Type My Saver Online Plan Variable Brokerage Plan (VBP)
Fixed Charges NA
Equity Delivery Brokerage 0.50% to 0.10% 0.15% to 0.60%
Equity Intraday Brokerage 0.050% to 0.010% 0.02% to 0.05%
Equity Futures Brokerage 0.05% 0.02% to 0.05%
Equity Options Brokerage ₹70 per lot 1% to 2.5% of premium or ₹100 per lot, whichever is higher
Currency Futures Trading Brokerage 0.05% 0.02% to 0.05%
Currency Options Trading Brokerage ₹30 per lot 1% to 2.5% of premium or ₹100 per lot, whichever i
Commodity Futures Trading Brokerage 0.05% 0.02% to 0.05%
Commodity Options Trading Brokerage ₹30 per lot 1% to 2.5% of premium or ₹100 per lot, whichever i
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Religare Vs IIFL Securities Brokerage Plan 3

  Religare IIFL Securities
Account Type My Saver Online Plan Advance Brokerage Plan (Prepaid)
Fixed Charges ₹5,000 to ₹1,00,000
Equity Delivery Brokerage 0.50% to 0.10% 0.35% to 0.05%
Equity Intraday Brokerage 0.050% to 0.010% 0.04% to 0.01%
Equity Futures Brokerage 0.05% 0.04% to 0.01%
Equity Options Brokerage ₹70 per lot 1% of premium to flat ₹20 per lot
Currency Futures Trading Brokerage 0.05% 0.04% to 0.01%
Currency Options Trading Brokerage ₹30 per lot 1% of premium to flat ₹20 per lot
Commodity Futures Trading Brokerage 0.05% 0.04% to 0.01%
Commodity Options Trading Brokerage ₹30 per lot 1% of premium to flat ₹20 per lot
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Religare Charges Vs IIFL Securities

Minimum Brokerage Charges 1p per share ₹0.05 per share (₹25 Min)
Other Brokerage Charges Advisory SMS - ₹50 per month
Call & Trade Charges ₹10 per executed order (max ₹50 per day) ₹50 per call
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Religare Vs IIFL Securities Transaction Charges

Religare transaction charges for options is 0.06% on Premium while IIFL Securities exchange transaction charges for options is 0.051% on premium.

  Religare IIFL Securities
Equity Delivery 0.0037% 0.00325%
Equity Intraday 0.0037% 0.00325%
Equity Futures 0.004% 0.0021%
Equity Options 0.06% on Premium 0.051% on premium
Currency Futures 0.004% 0.0021%
Currency Options 0.06% on Premium 0.051% on premium
Commodity 0.0035% 0.0028%
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Religare Vs IIFL Securities Leverage (Margin)

Religare provides the margin of Upto 10x for intraday trades whereas the IIFL Securities margin for intraday cash is Upto 20x.

  Religare IIFL Securities
Equity Delivery Upto 4x with 24% interest per year Upto 3x (18% Annual Interest)
Equity Intraday Upto 10x Upto 20x
Equity Futures Upto 3x Upto 3x
Equity Options Upto 3x for shorting 3x for shorting
Currency Futures Upto 2x Upto 2x
Currency Options 2x for shorting 2x for shorting
Commodity Futures Upto 3x Upto 3x
Commodity Options
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Compare Religare and IIFL Securities Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. IIFL Securities offers IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App trading software.

  Religare IIFL Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) No
Trading Platform Odin Diet, Web, Dynami IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App
Intraday Square-off Time
Other Features Mutual Fund, EMI Calculator
Referral Program
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Religare Vs IIFL Securities Review

Religare is rated 2.9 of 5 based on 73 customer reviews whereas IIFL Securities is rated 2.7 of 5 based on 110 customer reviews.

  Religare IIFL Securities
  73 Customer Reviews    Rate Religare 110 Customer Reviews    Rate IIFL Securities
Fees 3.2 2.8
Trading Brokerage 3.1 2.6
Trading Platform Usability 3.0 3.3
Customer Service 2.9 2.7
Research Capabilities 2.0 3.7
Overall Ratings Rated 2.9 stars Rated 2.7 stars
Broker Rating Religare is rated 2.9 of 5 based on 73 customer reviews IIFL Securities is rated 2.7 of 5 based on 110 customer reviews
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Contact Broker / Request A Call Back

  Religare Enquire IIFL Securities Enquire
Contact Broker

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

Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

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Religare Vs IIFL Securities Investment Options

  Religare IIFL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Insurance
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Religare Vs IIFL Securities Order Type Offered

  Religare IIFL Securities
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
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Religare Vs IIFL Securities Research Report

  Religare IIFL Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Religare Vs IIFL Securities Suitable For Investor Type

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

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

More Advantages...

  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

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...

  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

More Disadvantages...

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.

Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
Enquire ReligareEnquire IIFL Securities

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