Religare Vs Indira Securities (Compare Religare and 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... Know more about Religare


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 ... Know more about Indira Securities Pvt Ltd

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Religare Vs Indira 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 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
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX and NCDEX
Year of Incorporation 1994 1987
Number of Branches 1500 335
Open an Online Trading Account with Religare.Open an Online Trading Account with Indira Securities.
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Religare Vs Indira Securities Charges & AMC

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
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)
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Religare Vs Indira Securities Brokerage Charges & Plans

Religare Vs Indira Securities Brokerage

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
Account Type My Saver Online Plan Traditional Plan
Fixed Charges NA
Equity Delivery 0.50% to 0.10% 0.10%
Equity Intraday 0.050% to 0.010% 0.01%
Equity Futures 0.05% 0.01%
Equity Options Rs 70 per lot Rs 25 per lot (both side)
Currency Futures 0.05% 0.01%
Currency Options Rs 30 per lot Rs 25 per lot (both side)
Commodity Futures 0.05% 0.01%
Commodity Options 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 Vs Indira Securities Brokerage Plan 2

  Religare Indira Securities
Account Type My Saver Online Plan Discount Brokerage Plan
Fixed Charges NA
Equity Delivery 0.50% to 0.10% Rs 20 per executed order
Equity Intraday 0.050% to 0.010% Rs 20 per executed order
Equity Futures 0.05% Rs 20 per executed order
Equity Options Rs 70 per lot Rs 20 per executed order
Currency Futures 0.05% Rs 20 per executed order
Currency Options Rs 30 per lot Rs 20 per executed order
Commodity Futures 0.05% Rs 20 per executed order
Commodity Options Rs 30 per lot Rs 20 per executed order
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Religare Charges Vs Indira Securities

Minimum Brokerage 1p per share Rs 20 per executed order
Other Charges
Call & Trade Charges Rs 10 per executed order (max Rs 50 per day) Rs 0 (Free)
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Religare Vs Indira Securities Transaction Charges

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
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%)
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Religare Vs Indira 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 Indira 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 Indira 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)
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Compare Religare and Indira Securities Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. Indira Securities offers ODIN trading software.

  Religare Indira Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Odin Diet, Web, Dynami ODIN
Intraday Square-off Time 3:15 PM
Other Features Mutual Fund, EMI Calculator
Referral Program Yes
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Religare Vs Indira Securities Review

Religare is rated 2.9 of 5 based on 77 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 3 customer reviews.

  Religare Indira Securities
  77 Customer Reviews    Rate Religare 3 Customer Reviews    Rate Indira Securities
Fees 3.2 2.3
Brokerage 3.1 4.3
Trading Platform 3.0 4.0
Customer Service 2.9 4.0
Research Capabilities 3.2 4.3
Overall Ratings Rated 2.9 stars Rated 4.0 stars
Broker Rating Religare is rated 2.9 of 5 based on 77 customer reviews Indira Securities is rated 4.0 of 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  Religare Enquire Indira Securities Enquire
Contact Broker Get Free Trading + Demat Account for limited time. Get the offer
FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.
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Religare Vs Indira Securities Investment Options

  Religare Indira 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
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Religare Vs Indira Securities Order Type Offered

  Religare Indira 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 No
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Religare Vs Indira Securities Research Report

  Religare Indira 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 Indira Securities Suitable For Investor Type

  Religare Indira Securities
Casual Investor
Active Investor Yes
Trader Yes
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Religare Vs Indira Securities - Pros and Cons

  Religare Indira Securities
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.
  • Full-service broker offering discount brokerage plan.
  • Relationship manager even for online customers.
  • Offers ODIN as trading platform.
  • Investment in mutual fund for free.
  • Pan India presence with hundreds of branches, and business partners.
  • No charges for Call & Trade and Auto Square-off.
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).
  1. Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan.
  2. Advance order types i.e. CO, and BO are not available in the mobile app.
  3. Doesn't offer NRI trading account.
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

Get 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.

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