The side-by-side comparison of Religare and Indira Securities. Compare Religare Vs Indira Securities brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Religare vs Indira 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...
Indira Securities
Established in 1987, Indira Securities is an Indore, MP based full-service stock broking and investment Services Company. The company is a member of the NSE, BSE, MCX and NCDEX exchanges. It is a depository participant (DP) with CDSL.
The company offers trading and investment in equities, commodities, currency, derivatives, IPOs, insurance and mutual funds etc. It also offers research and advisory to its customers.
Indira Securities offers both traditional and discount brokerage plans. In the ...
Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 branches across India. Incorporated in 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India.
Religare | Indira Securities | |
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Type of Broker | Full Service Broker | Full Service Broker |
Supported Exchnages | BSE, NSE, MCX | BSE, NSE, MCX and NCDEX |
Account Type | My Saver Online Plan | Traditional Plan |
Year of Incorporation | 1994 | 1987 |
Number of Branches | 1500 | 335 |
Broker Enquiry |
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Religare trading account opening charges is Rs 500 while Indira Securities account opening changes is Rs 0 (Free). Religare Demat Account AMC Charges is Rs 400 from second year onward and Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year).
Religare | Indira Securities | |
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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 450 (Free for 1st year) |
Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.
Religare | Indira Securities | |
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Account Type | My Saver Online Plan | Traditional Plan |
Fixed Charges | NA | |
Equity Delivery Brokerage | 0.50% to 0.10% | 0.10% |
Equity Intraday Brokerage | 0.050% to 0.010% | 0.01% |
Equity Futures Brokerage | 0.05% | 0.01% |
Equity Options Brokerage | Rs 70 per lot | Rs 25 per lot (both side) |
Currency Futures Trading Brokerage | 0.05% | 0.01% |
Currency Options Trading Brokerage | Rs 30 per lot | Rs 25 per lot (both side) |
Commodity Futures Trading Brokerage | 0.05% | 0.01% |
Commodity Options Trading Brokerage | Rs 30 per lot | Rs 25 per lot (both side) |
Special Offer | Special Offer: Get Free Trading + Demat Account for limited time. Get the offer |
Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. |
Religare | Indira Securities | |
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Account Type | My Saver Online Plan | Discount Brokerage Plan |
Fixed Charges | NA | |
Equity Delivery Brokerage | 0.50% to 0.10% | Rs 20 per executed order |
Equity Intraday Brokerage | 0.050% to 0.010% | Rs 20 per executed order |
Equity Futures Brokerage | 0.05% | Rs 20 per executed order |
Equity Options Brokerage | Rs 70 per lot | Rs 20 per executed order |
Currency Futures Trading Brokerage | 0.05% | Rs 20 per executed order |
Currency Options Trading Brokerage | Rs 30 per lot | Rs 20 per executed order |
Commodity Futures Trading Brokerage | 0.05% | Rs 20 per executed order |
Commodity Options Trading Brokerage | Rs 30 per lot | Rs 20 per executed order |
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Minimum Brokerage Charges | 1p per share | Rs 20 per executed order |
Other Brokerage Charges | ||
Call & Trade Charges | Rs 10 per executed order (max Rs 50 per day) | Rs 0 (Free) |
Religare transaction charges for options is 0.06% on Premium while Indira Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).
Religare | Indira Securities | |
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Equity Delivery | 0.0037% | NSE Rs 325 per Cr (0.00325%) |
Equity Intraday | 0.0037% | NSE Rs 325 per Cr (0.00325%) |
Equity Futures | 0.004% | NSE Rs 190 per Cr (0.0019%) |
Equity Options | 0.06% on Premium | NSE Rs 5000 per Cr (0.05%) (on premium) |
Currency Futures | 0.004% | NSE Rs 120 per Cr (0.0012%) |
Currency Options | 0.06% on Premium | NSE Rs 500 per Cr (0.005%) (on premium) |
Commodity | 0.0035% | Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%) |
Enquire Religare | Enquire Indira Securities |
Religare provides the margin of Upto 10x for intraday trades whereas the Indira Securities margin for intraday cash is Up to 10x (based on the stock).
Religare | Indira Securities | |
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Equity Delivery | Upto 4x with 24% interest per year | 1x (no margin) |
Equity Intraday | Upto 10x | Up to 10x (based on the stock) |
Equity Futures | Upto 3x | Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure) |
Equity Options | Upto 3x for shorting | 1x (no margin) |
Currency Futures | Upto 2x | Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure) |
Currency Options | 2x for shorting | 1x (no margin) |
Commodity Futures | Upto 3x | Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure) |
Commodity Options | 1x (no margin) | |
Enquire Religare | Enquire Indira Securities |
The trading platforms offered Religare include Odin Diet, Web, Dynami. Indira Securities offers ODIN trading software.
Religare | Indira Securities | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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Trading Platform | Odin Diet, Web, Dynami | ODIN |
Intraday Square-off Time | 3:15 PM | |
Other Features | Mutual Fund, EMI Calculator | |
Referral Program | ![]() |
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Enquire Religare | Enquire Indira Securities |
Religare is rated 2.9 of 5 based on 76 customer reviews whereas Indira Securities is rated 4.5 of 5 based on 2 customer reviews.
Religare | Indira Securities | |
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Bracket Order | ![]() |
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Cover Order | ![]() |
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Buy Today Sell Tomorrow (BTST) | ![]() |
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Sell Today Buy Tomorrow (STBT) | ![]() |
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After Market Order(AMO) | ![]() |
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Good Till Cancelled (GTC) | ![]() |
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Enquire Religare | Enquire Indira Securities |
Religare | Indira Securities | |
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Cons |
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Promo / Offers |
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 TradingGet FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM. |
Enquire Religare | Enquire Indira Securities |
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