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Religare Vs iTradeOnline (Compare Religare and iTradeOnline)

The side-by-side comparison of Religare and iTradeOnline. Compare Religare Vs iTradeOnline brokerage, charges, exposure margin, demat account. Read iTradeOnline and Religare review.

Find out Religare Vs iTradeOnline which is better and Religare Vs iTradeOnline which is best.

Our Religare comparison with iTradeOnline by Trustline highlights the major differences between two brokers. Find the best between Religare and iTradeOnline.

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Religare Vs iTradeOnline

  Religare iTradeOnline by Trustline
 
Religare Logo iTradeOnline by Trustline Logo
About the Broker 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 s... Know more about Religare 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 lo... Know more about iTradeOnline by Trustline
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX
Account Type My Saver Online Plan Pay Per Trade
Broker Enquiry Open an Online Trading Account with Religare. Leave your contact info and we will get in touch with you.
Year of Incorporation 1994
Number of Branches 1500
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Religare Vs iTradeOnline Charges

  Religare iTradeOnline by Trustline
Trading Account Opening Fees ₹500 ₹0 (Free)
Trading Account AMC Nil ₹0 (Free)
Demat Account Opening Fees Nil Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC ₹400 from second year onward Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
Demat Account is Mandatory? No No
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Religare Vs iTradeOnline Brokerage

Brokerage Plan 1

  Religare iTradeOnline by Trustline
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

Other Charges

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 Rs 50 per day) ₹0 (Free)
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Religare Vs iTradeOnline Taxes

  Religare iTradeOnline by Trustline
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Religare Vs iTradeOnline Transaction Charges

  Religare iTradeOnline by Trustline
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%)
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Religare Vs iTradeOnline Exposure Margin

  Religare iTradeOnline by Trustline
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
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Religare and iTradeOnline Feature Comparison

  Religare iTradeOnline by Trustline
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 iTradeOnline by Trustline
  71 Customer Reviews    Rate Religare 6 Customer Reviews    Rate iTradeOnline
Fees Ratings 3.2 4.2
Trading Brokerage Rating 3.1 4.7
Trading Platform Usability 3.0 4.0
Customer Service Ratings 3.0 4.2
Overall Ratings Rated 2.9 stars Rated 4.3 stars
Broker Rating Religare is Rated 2.9 / 5 based on 71 customer reviews iTradeOnline is Rated 4.3 / 5 based on 6 customer reviews
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Contact Broker / Request A Call Back

  Religare iTradeOnline by Trustline
Contact / Request Call Back
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Religare Vs iTradeOnline Investment Options

  Religare iTradeOnline by Trustline
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 Customer Service

  Religare iTradeOnline by Trustline
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes
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Religare Vs iTradeOnline Order Type Offered

  Religare iTradeOnline by Trustline
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
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Religare Vs iTradeOnline Research Report

  Religare iTradeOnline by Trustline
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 by Trustline
Casual Investor
Active Investor Yes
Trader Yes
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Religare Vs iTradeOnline - Advantages and Disadvantages

  Religare iTradeOnline by Trustline
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.

More Advantages...

  • 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.

More Advantages...

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).

More Disadvantages...

  • 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.

More Disadvantages...

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.

Lifetime FREE AMC Demat Account - 50% Off

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

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