Religare Vs Indira Securities (Compare Religare and Indira Securities)

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
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
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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)

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 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 Vs Indira Securities Brokerage Plan 2

	Religare	Indira Securities
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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Religare Charges Vs Indira Securities

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 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 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
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)
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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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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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Religare Vs Indira Securities Review

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
	76 Customer Reviews	2 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Religare is rated 2.9 of 5 based on 76 customer reviews	Indira Securities is rated 4.5 of 5 based on 2 customer reviews

Religare Vs Indira Securities Investment Options

	Religare	Indira Securities
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Religare Vs Indira Securities Order Type Offered

	Religare	Indira Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Religare Vs Indira Securities Research Report

	Religare	Indira Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Religare Vs Indira Securities Suitable For Investor Type

	Religare	Indira Securities
Casual Investor
Active Investor
Trader

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).	Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan. Advance order types i.e. CO, and BO are not available in the mobile app. Doesn't offer NRI trading account.
Reviews
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 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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