Religare Vs IIFL Securities (Compare Religare and 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 one of the largest full-service stockbrokers in India. IIFL Securities is part of IIFL Group, a leading financial service provider offering a wide range of services. IIFL 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 as Stocks, Derivatives, Commodities, Insurance, FD... Know more about IIFL Securities Ltd

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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
Exchnage Membership BSE, NSE, MCX NSE, BSE, MCX
Year of Incorporation 1994 1996
Number of Branches 1500 900
Open an Online Trading Account with Religare.Open an Online Trading Account with IIFL Securities.
Enquire ReligareOpen IIFL Securities Account
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Religare Vs IIFL Securities Charges & AMC

Religare trading account opening charges is Rs 500 while IIFL Securities account opening changes is Rs 0 (Free). Religare Demat Account AMC Charges is Rs 400 from second year onward and IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year).

  Religare IIFL Securities
Trading Account Opening Charges Rs 500 Rs 0 (Free)
Trading Account AMC Charges Nil Rs 0
Demat Account Opening Charges Nil Rs 0
Demat Account AMC Charges Rs 400 from second year onward Rs 250 (Free for 1st 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 Rs 0 (Free) and intraday is Rs 20 per order.

  Religare IIFL Securities
Account Type My Saver Online Plan iServe
Fixed Charges NA
Equity Delivery 0.50% to 0.10% Rs 0 (Free)
Equity Intraday 0.050% to 0.010% Rs 20 per order
Equity Futures 0.05% Rs 20 per order
Equity Options Rs 70 per lot Rs 20 per order
Currency Futures 0.05% Rs 20 per order
Currency Options Rs 30 per lot Rs 20 per order
Commodity Futures 0.05% Rs 20 per order
Commodity Options Rs 30 per lot Rs 20 per order
Special Offer
Special Offer: Get Free Trading + Demat Account for limited time. Get the offer
Special Offer: Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

Religare Charges Vs IIFL Securities

Minimum Brokerage 1p per share
Other Charges Advisory SMS - Rs 50 per month
Call & Trade Charges Rs 10 per executed order (max Rs 50 per day) Rs 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 Rs 5100 per Cr (0.051%) (on premium).

  Religare IIFL Securities
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 210 per Cr (0.0021%)
Equity Options 0.06% on Premium Rs 5100 per Cr (0.051%) (on premium)
Currency Futures 0.004% Rs 210 per Cr (0.0021%)
Currency Options 0.06% on Premium Rs 5100 per Cr (0.051%) (on premium)
Commodity 0.0035% Group A - Rs 280 per Cr (0.0028%)
Enquire ReligareOpen IIFL Securities Account
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Religare Vs IIFL Securities 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 IIFL Securities 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 IIFL Securities
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 IIFL Securities Account
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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 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
Enquire ReligareOpen IIFL Securities Account
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Religare Vs IIFL Securities Review

Religare is rated 2.9 of 5 based on 77 customer reviews whereas IIFL Securities is rated 2.7 of 5 based on 118 customer reviews.

  Religare IIFL Securities
  77 Customer Reviews    Rate Religare 118 Customer Reviews    Rate IIFL Securities
Fees 3.2 2.8
Brokerage 3.1 2.6
Trading Platform 3.0 3.2
Customer Service 2.9 2.7
Research Capabilities 3.2 3.3
Overall Ratings Rated 2.9 stars Rated 2.7 stars
Broker Rating Religare is rated 2.9 of 5 based on 77 customer reviews IIFL Securities is rated 2.7 of 5 based on 118 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
Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
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Religare Vs IIFL Securities Investment Options

  Religare IIFL Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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
Enquire ReligareOpen IIFL Securities Account
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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 Yes
Trader Yes
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Religare Vs IIFL Securities - Pros and Cons

  Religare IIFL Securities
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.
  1. Full-service broker offering quality research and recommendations.
  2. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat).
  3. Flat Rs 20 per trade brokerage for Intraday & F&O.
  4. IIFL offers Equity SIP and Mutual Fund SIP.
  5. Margin funding is available.
  6. IIFL Securities is a publicly-traded company listed at BSE and NSE.
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).
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 + Free Account Opening

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday and F&O +
  • Trade with the best rated mobile trading app.

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

Enquire ReligareOpen IIFL Securities Account

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