Religare Vs RMoney (Compare Religare and RMoney)

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


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


RMoney
Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds and Corporate FDR's. Raghunandan Money is a member of NSE, BSE, MCX, NCDEX, and CDSL. The company is among the top 5 commodity brokers in India. It contributes over 8% of NCDEX daily turnover and over 4% of MCX turnover. It has a strong presence in... Know more about Raghunandan Capital Pvt Ltd

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Religare Vs RMoney

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

  Religare RMoney
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Account Type My Saver Online Plan Zero Brokerage Plans
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 RMoney. Leave your contact info and we will get in touch with you.
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Religare Vs RMoney Charges & AMC

Religare trading account opening charges is ₹500 while RMoney account opening changes is ₹199. Religare Demat Account AMC Charges is ₹400 from second year onward and RMoney Demat Account AMC Charges is ₹0 for lifetime (Free).

  Religare RMoney
Trading Account Opening Charges ₹500 ₹199
Trading Account AMC Charges Nil ₹0 (Free)
Demat Account Opening Charges Nil ₹0 (Free)
Demat Account AMC Charges ₹400 from second year onward ₹0 for lifetime (Free)
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Religare Vs RMoney Brokerage Charges & Plans

Religare Vs RMoney Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas RMoney brokerage charges for equity is ₹0 (Free) and intraday is ₹18 per executed order or .01% whichever is lower.

  Religare RMoney
Account Type My Saver Online Plan Zero Brokerage Plans
Fixed Charges
Equity Delivery Brokerage 0.50% to 0.10% ₹0 (Free)
Equity Intraday Brokerage 0.050% to 0.010% ₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.05% ₹18 per executed order or .01% whichever is lower
Equity Options Brokerage ₹70 per lot ₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.05% ₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹30 per lot ₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.05% ₹18 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: RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

Religare Vs RMoney Brokerage Plan 2

  Religare RMoney
Account Type My Saver Online Plan Happy Service Plan
Fixed Charges NA
Equity Delivery Brokerage 0.50% to 0.10% 0.10% to 0.40%
Equity Intraday Brokerage 0.050% to 0.010% 0.01% to 0.04%
Equity Futures Brokerage 0.05% 0.005% to 0.02%
Equity Options Brokerage ₹70 per lot ₹20 to ₹80 per lot
Currency Futures Trading Brokerage 0.05% 0.005% to 0.02%
Currency Options Trading Brokerage ₹30 per lot 0.005% to 0.02%
Commodity Futures Trading Brokerage 0.05% 0.005% to 0.02%
Commodity Options Trading Brokerage ₹30 per lot
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Religare Charges Vs RMoney

Minimum Brokerage Charges 1p per share ₹0
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment
Call & Trade Charges ₹10 per executed order (max ₹50 per day) ₹0 (Unlimited Calls)
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Religare Vs RMoney Transaction Charges

Religare transaction charges for options is 0.06% on Premium while RMoney exchange transaction charges for options is NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%).

  Religare RMoney
Equity Delivery 0.0037% NSE ₹325 per crore | BSE ₹275 per crore (0.00275%)
Equity Intraday 0.0037% NSE ₹325 per crore | BSE ₹275 per crore (0.00275%
Equity Futures 0.004% NSE ₹250 per crore | BSE ₹110 per crore (0.0011%)
Equity Options 0.06% on Premium NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%)
Currency Futures 0.004% NSE, BSE - ₹150 per crore (0.0015%)
Currency Options 0.06% on Premium NSE, BSE - ₹7500 (on premium) per crore (0.075%)
Commodity 0.0035% MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%)
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Religare Vs RMoney Leverage (Margin)

Religare provides the margin of Upto 10x for intraday trades whereas the RMoney margin for intraday cash is 20x (5%) (Intraday Only).

  Religare RMoney
Equity Delivery Upto 4x with 24% interest per year Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5)
Equity Intraday Upto 10x 20x (5%) (Intraday Only)
Equity Futures Upto 3x Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)
Equity Options Upto 3x for shorting Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
Currency Futures Upto 2x Intraday - 100X (1%)
Currency Options 2x for shorting Intraday - 100X (1%)
Commodity Futures Upto 3x Intraday - 77X (1.3%)
Commodity Options
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Compare Religare and RMoney Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. RMoney offers RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) trading software.

  Religare RMoney
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 No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Odin Diet, Web, Dynami RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time Equity 3:15 PM
Other Features Mutual Fund, EMI Calculator
Referral Program
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Religare Vs RMoney Review

Religare is rated 2.9 of 5 based on 76 customer reviews whereas RMoney is rated 3.8 of 5 based on 4 customer reviews.

  Religare RMoney
  76 Customer Reviews    Rate Religare 4 Customer Reviews    Rate RMoney
Fees 3.2 4.8
Trading Brokerage 3.1 4.5
Trading Platform Usability 3.0 4.0
Customer Service 2.9 4.0
Research Capabilities 3.3 3.0
Overall Ratings Rated 2.9 stars Rated 3.8 stars
Broker Rating Religare is rated 2.9 of 5 based on 76 customer reviews RMoney is rated 3.8 of 5 based on 4 customer reviews
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Contact Broker / Request A Call Back

  Religare Enquire RMoney Enquire
Contact Broker

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

RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

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Religare Vs RMoney Investment Options

  Religare RMoney
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 Corporate FD, Life Instance, General Insurance
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Religare Vs RMoney Order Type Offered

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

  Religare RMoney
Daily Market Report Yes Yes
Free Tips Yes No
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Religare Vs RMoney Suitable For Investor Type

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

  Religare RMoney
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.
  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.
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. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.
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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 + Free Call & Trade

Get free lifetime free AMC demat account and pay flat ₹18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.

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