Religare Vs Nirmal Bang (Compare Religare and Nirmal Bang)

Religare Vs Nirmal Bang

Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 branches across India. Incorporated in 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 branches across India.

	Religare	Nirmal Bang
Type of Broker	Full Service Broker	Full Service Broker
Supported Exchnages	BSE, NSE, MCX	BSE, NSE, MCX, NCDEX, NMCE
Account Type	My Saver Online Plan	Basic Plan
Year of Incorporation	1994	1986
Number of Branches	1500	2000
Broker Enquiry
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Religare Vs Nirmal Bang Charges & AMC

Religare trading account opening charges is ₹500 while Nirmal Bang account opening changes is ₹0. Religare Demat Account AMC Charges is ₹400 from second year onward and Nirmal Bang Demat Account AMC Charges is ₹200.

	Religare	Nirmal Bang
Trading Account Opening Charges	₹500	₹0
Trading Account AMC Charges	Nil	₹0
Demat Account Opening Charges	Nil	₹0
Demat Account AMC Charges	₹400 from second year onward	₹200

Religare Vs Nirmal Bang Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.

	Religare	Nirmal Bang
Account Type	My Saver Online Plan	Basic Plan
Fixed Charges
Equity Delivery Brokerage	0.50% to 0.10%	0.2%
Equity Intraday Brokerage	0.050% to 0.010%	0.02%
Equity Futures Brokerage	0.05%	0.02%
Equity Options Brokerage	₹70 per lot	₹35
Currency Futures Trading Brokerage	0.05%	0.02%
Currency Options Trading Brokerage	₹30 per lot	₹20
Commodity Futures Trading Brokerage	0.05%	0.01%
Commodity Options Trading Brokerage	₹30 per lot
Special Offer	Special Offer: Get Free Trading + Demat Account for limited time. Get the offer

Religare Charges Vs Nirmal Bang

Minimum Brokerage Charges	1p per share
Other Brokerage Charges
Call & Trade Charges	₹10 per executed order (max ₹50 per day)

Religare Vs Nirmal Bang Transaction Charges

Religare transaction charges for options is 0.06% on Premium while Nirmal Bang exchange transaction charges for options is ₹5700.

	Religare	Nirmal Bang
Equity Delivery	0.0037%	₹390
Equity Intraday	0.0037%	₹390
Equity Futures	0.004%	₹240
Equity Options	0.06% on Premium	₹5700
Currency Futures	0.004%	₹240
Currency Options	0.06% on Premium	₹5700
Commodity	0.0035%	₹250
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Religare Vs Nirmal Bang Leverage (Margin)

Religare provides the margin of Upto 10x for intraday trades whereas the Nirmal Bang margin for intraday cash is Upto 4x.

	Religare	Nirmal Bang
Equity Delivery	Upto 4x with 24% interest per year	upto 10x
Equity Intraday	Upto 10x	Upto 4x
Equity Futures	Upto 3x	Upto 4x
Equity Options	Upto 3x for shorting	Upto 2x for shorting
Currency Futures	Upto 2x	Upto 2x for shorting
Currency Options	2x for shorting	Upto 3x
Commodity Futures	Upto 3x	Upto 3x
Commodity Options
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Compare Religare and Nirmal Bang Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.

	Religare	Nirmal Bang
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 Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time		3:15
Other Features	Mutual Fund, EMI Calculator
Referral Program
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Religare Vs Nirmal Bang Review

Religare is rated 2.9 of 5 based on 75 customer reviews whereas Nirmal Bang is rated 2.5 of 5 based on 16 customer reviews.

	Religare	Nirmal Bang
	75 Customer Reviews	16 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 75 customer reviews	Nirmal Bang is rated 2.5 of 5 based on 16 customer reviews

Religare Vs Nirmal Bang Investment Options

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

Religare Vs Nirmal Bang Order Type Offered

	Religare	Nirmal Bang
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 Nirmal Bang Research Report

	Religare	Nirmal Bang
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Religare Vs Nirmal Bang Suitable For Investor Type

	Religare	Nirmal Bang
Casual Investor
Active Investor
Trader

Religare Vs Nirmal Bang - Pros and Cons

	Religare	Nirmal Bang
Pros	3 to 4 times exposure is given in cash as well as F&O segment.	Low bandwidth option for anywhere access Free research report subscription 24X7 access to back-office Instant Fund transfer Multiple market watch facility with streaming quotes (Live Market Rates*) Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis
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).	Nirmal Bang doesn't offer 3 in 1 account. Brokerage rates are negotiable. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator. Instant Fund withdrawal is not available Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.
Reviews
Promo / Offers	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.
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