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Religare Vs iTradeOnline (Compare Religare and iTradeOnline)


Religare Logo

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 by Trustline Logo

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 Rs 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... 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
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX
Year of Incorporation 1994
Number of Branches 1500
Open an Online Trading Account with Religare.Open an Online Trading Account with iTradeOnline.
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Religare Vs iTradeOnline Charges & AMC

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

  Religare iTradeOnline
Trading Account Opening Charges Rs 500 Rs 0 (Free)
Trading Account AMC Charges Nil Rs 0 (Free)
Demat Account Opening Charges Nil Regular: Rs 0, Lifetime Free AMC: Rs 1000
Demat Account AMC Charges Rs 400 from second year onward Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 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 Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% whichever is lower.

  Religare iTradeOnline
Account Type My Saver Online Plan Pay Per Trade
Fixed Charges Rs 0
Equity Delivery 0.50% to 0.10% Rs 20 per executed order or .01% whichever is lower
Equity Intraday 0.050% to 0.010% Rs 20 per executed order or .01% whichever is lower
Equity Futures 0.05% Rs 20 per executed order or .01% whichever is lower
Equity Options Rs 70 per lot Rs 20 per executed order or .01% whichever is lower
Currency Futures 0.05% Rs 20 per executed order or .01% whichever is lower
Currency Options Rs 30 per lot Rs 20 per executed order or .01% whichever is lower
Commodity Futures 0.05% Rs 20 per executed order or .01% whichever is lower
Commodity Options Rs 30 per lot
Special Offer
Special Offer: Get Free Trading + Demat Account for limited time. Get the offer
Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

Religare Charges Vs iTradeOnline

Minimum Brokerage 1p per share Rs 0 (No Minimum Brokerage)
Other Charges Physical contact notes: Rs 20
Call & Trade Charges Rs 10 per executed order (max Rs 50 per day) Rs 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 Rs 5000 per crore (0.05%).

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

Religare margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the iTradeOnline margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Religare iTradeOnline
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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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 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 77 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  Religare iTradeOnline
  77 Customer Reviews    Rate Religare 7 Customer Reviews    Rate iTradeOnline
Fees 3.2 3.9
Brokerage 3.1 4.1
Trading Platform 3.0 3.9
Customer Service 2.9 3.7
Research Capabilities 3.2 1.0
Overall Ratings Rated 2.9 stars Rated 4.0 stars
Broker Rating Religare is rated 2.9 of 5 based on 77 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 (Rs 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
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
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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 Rs 999 per annum.
  • Call and Trade is charged at Rs 10 per executed order (maximum Rs 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 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 Rs 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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Religare iTradeOnline
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