Religare Vs iTradeOnline (Compare Religare and iTradeOnline)

The side-by-side comparison of Religare and iTradeOnline. Compare Religare Vs iTradeOnline brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Religare vs iTradeOnline?


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


iTradeOnline
iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of ₹20 per executed order or 0.01% whichever is lower. The same low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available f... Know more about iTradeOnline by Trustline

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Religare Vs iTradeOnline

Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 branches across India. Incorporated in , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

  Religare iTradeOnline
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX
Account Type My Saver Online Plan Pay Per Trade
Year of Incorporation 1994
Number of Branches 1500
Broker Enquiry Open an Online Trading Account with Religare. Leave your contact info and we will get in touch with you. Open an Online Trading Account with iTradeOnline. Leave your contact info and we will get in touch with you.
Enquire ReligareEnquire iTradeOnline
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Religare Vs iTradeOnline Charges & AMC

Religare trading account opening charges is ₹500 while iTradeOnline account opening changes is ₹0 (Free). Religare Demat Account AMC Charges is ₹400 from second year onward and iTradeOnline Demat Account AMC Charges is Regular Demat: ₹300, Lifetime free AMC Demat: ₹0.

  Religare iTradeOnline
Trading Account Opening Charges ₹500 ₹0 (Free)
Trading Account AMC Charges Nil ₹0 (Free)
Demat Account Opening Charges Nil Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC Charges ₹400 from second year onward Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
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Religare Vs iTradeOnline Brokerage Charges & Plans

Religare Vs iTradeOnline Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas iTradeOnline brokerage charges for equity is ₹20 per executed order or .01% whichever is lower and intraday is ₹20 per executed order or .01% whichever is lower.

  Religare iTradeOnline
Account Type My Saver Online Plan Pay Per Trade
Fixed Charges
Equity Delivery Brokerage 0.50% to 0.10% ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage 0.050% to 0.010% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹70 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹30 per lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹30 per lot
Special Offer
Special Offer: Get Free Trading + Demat Account for limited time. Get the offer
Special Offer: Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

Religare Charges Vs iTradeOnline

Minimum Brokerage Charges 1p per share ₹0 (No Minimum Brokerage)
Other Brokerage Charges Physical contact notes: ₹20
Call & Trade Charges ₹10 per executed order (max ₹50 per day) ₹0 (Free)
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Religare Vs iTradeOnline Transaction Charges

Religare transaction charges for options is 0.06% on Premium while iTradeOnline exchange transaction charges for options is NSE ₹5000 per crore (0.05%).

  Religare iTradeOnline
Equity Delivery 0.0037% NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Intraday 0.0037% NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Futures 0.004% NSE ₹190 per crore (0.0019%)
Equity Options 0.06% on Premium NSE ₹5000 per crore (0.05%)
Currency Futures 0.004% NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%)
Currency Options 0.06% on Premium NSE ₹4000 (on premium) per cr (0.04%) | BSE ₹1500
Commodity 0.0035% MCX ₹260/Cr (0.0026%) | NCDEX ₹600/cr (0.006%)
Enquire ReligareEnquire iTradeOnline
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Religare Vs iTradeOnline Leverage (Margin)

Religare provides the margin of Upto 10x for intraday trades whereas the iTradeOnline margin for intraday cash is Upto 20x (based on the stock).

  Religare iTradeOnline
Equity Delivery Upto 4x with 24% interest per year Upto 5x (based on the stock)
Equity Intraday Upto 10x Upto 20x (based on the stock)
Equity Futures Upto 3x Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Upto 3x for shorting Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures Upto 2x Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options 2x for shorting Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures Upto 3x Future Intraday - 12.5%(8x), Carry forward - 100%(1x) of Span
Commodity Options Intraday - 100%(1x), Carry forward - 100%(1x) of Span
Enquire ReligareEnquire iTradeOnline
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Compare Religare and iTradeOnline Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. iTradeOnline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

  Religare iTradeOnline
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 Available Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Odin Diet, Web, Dynami Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time Equity: 3:15 PM, Commodity: 11:15 PM
Other Features Mutual Fund, EMI Calculator
Referral Program
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Religare Vs iTradeOnline Review

Religare is rated 2.9 of 5 based on 75 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  Religare iTradeOnline
  75 Customer Reviews    Rate Religare 7 Customer Reviews    Rate iTradeOnline
Fees 3.1 3.9
Trading Brokerage 3.1 4.1
Trading Platform Usability 3.0 3.9
Customer Service 2.9 3.7
Research Capabilities 3.0 1.0
Overall Ratings Rated 2.9 stars Rated 4.0 stars
Broker Rating Religare is rated 2.9 of 5 based on 75 customer reviews iTradeOnline is rated 4.0 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  Religare Enquire iTradeOnline Enquire
Contact Broker

Get Free Trading + Demat Account for limited time. Get the offer

Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

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Religare Vs iTradeOnline Investment Options

  Religare iTradeOnline
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Insurance, Wealth Management
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Religare Vs iTradeOnline Order Type Offered

  Religare iTradeOnline
Bracket Order No
Cover Order No
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO) No
Good Till Cancelled (GTC) Yes
Enquire ReligareEnquire iTradeOnline
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Religare Vs iTradeOnline Research Report

  Religare iTradeOnline
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Religare Vs iTradeOnline Suitable For Investor Type

  Religare iTradeOnline
Casual Investor
Active Investor Yes
Trader Yes
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Religare Vs iTradeOnline - Pros and Cons

  Religare iTradeOnline
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.
  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Research based fundamental and technical analysis available to all the customers.
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.
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).
  • Separate account needed for Mutual Funds investment.
  • For iTradeOnline customers, the customer service is not available through 400+ Trustline branches.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API's are now available.
  • Opening demat account along with the trading account is mandatory.
  • No extra charge for intraday or expiry positions closed by the broker.
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.

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save ₹500 on account opening.

This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.

Enquire ReligareEnquire iTradeOnline

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