Religare Vs Indira Securities (Compare Religare and Indira Securities)

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... 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
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 Open an Online Trading Account with Religare. Leave your contact info and we will get in touch with you.
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Religare Vs Indira Securities Charges & AMC

Religare trading account opening charges is ₹500 while Indira Securities account opening changes is ₹0 (Free). Religare Demat Account AMC Charges is ₹400 from second year onward and Indira Securities Demat Account AMC Charges is ₹450 (Free for 1st year).

  Religare Indira Securities
Trading Account Opening Charges ₹500 ₹0 (Free)
Trading Account AMC Charges Nil ₹0 (Free)
Demat Account Opening Charges Nil ₹0 (Free)
Demat Account AMC Charges ₹400 from second year onward ₹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
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 ₹70 per lot ₹25 per lot (both side)
Currency Futures Trading Brokerage 0.05% 0.01%
Currency Options Trading Brokerage ₹30 per lot ₹25 per lot (both side)
Commodity Futures Trading Brokerage 0.05% 0.01%
Commodity Options Trading Brokerage ₹30 per lot ₹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 (₹650 waived) + Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

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% ₹20 per executed order
Equity Intraday Brokerage 0.050% to 0.010% ₹20 per executed order
Equity Futures Brokerage 0.05% ₹20 per executed order
Equity Options Brokerage ₹70 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.05% ₹20 per executed order
Currency Options Trading Brokerage ₹30 per lot ₹20 per executed order
Commodity Futures Trading Brokerage 0.05% ₹20 per executed order
Commodity Options Trading Brokerage ₹30 per lot ₹20 per executed order

Religare Charges Vs Indira Securities

Minimum Brokerage Charges 1p per share ₹20 per executed order
Other Brokerage Charges
Call & Trade Charges ₹10 per executed order (max ₹50 per day) ₹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 ₹5000 per Cr (0.05%) (on premium).

  Religare Indira Securities
Equity Delivery 0.0037% NSE ₹325 per Cr (0.00325%)
Equity Intraday 0.0037% NSE ₹325 per Cr (0.00325%)
Equity Futures 0.004% NSE ₹190 per Cr (0.0019%)
Equity Options 0.06% on Premium NSE ₹5000 per Cr (0.05%) (on premium)
Currency Futures 0.004% NSE ₹120 per Cr (0.0012%)
Currency Options 0.06% on Premium NSE ₹500 per Cr (0.005%) (on premium)
Commodity 0.0035% Non-Agri: ₹260 per Cr (0.0026%) | Agri: ₹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 No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available 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 75 customer reviews whereas Indira Securities is rated 4.5 of 5 based on 2 customer reviews.

  Religare Indira Securities
  75 Customer Reviews    Rate Religare 2 Customer Reviews    Rate Indira Securities
Fees 3.1 3.0
Trading Brokerage 3.1 5.0
Trading Platform Usability 3.0 4.5
Customer Service 2.9 4.5
Research Capabilities 3.0 5.0
Overall Ratings Rated 2.9 stars Rated 4.5 stars
Broker Rating Religare is rated 2.9 of 5 based on 75 customer reviews Indira Securities is rated 4.5 of 5 based on 2 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

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Religare Vs Indira Securities Investment Options

  Religare Indira 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
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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 ₹999 per annum.
  • Call and Trade is charged at ₹10 per executed order (maximum ₹50 per day in a segment).
  1. Flat-rate brokerage plans (₹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 ₹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 ₹20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM. To open an online paperless account, visit Indira Securities Website

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Religare Indira Securities
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