Religare Vs RMoney (Compare Religare and 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
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Year of Incorporation 1994
Number of Branches 1500
Open an Online Trading Account with Religare.Open an Online Trading Account with RMoney.
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Religare Vs RMoney Charges & AMC

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

  Religare RMoney
Trading Account Opening Charges Rs 500 Rs 199
Trading Account AMC Charges Nil Rs 0 (Free)
Demat Account Opening Charges Nil Rs 0 (Free)
Demat Account AMC Charges Rs 400 from second year onward Rs 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 Rs 0 (Free) and intraday is Rs 18 per executed order or .01% whichever is lower.

  Religare RMoney
Account Type My Saver Online Plan Zero Brokerage Plans
Fixed Charges NA
Equity Delivery 0.50% to 0.10% Rs 0 (Free)
Equity Intraday 0.050% to 0.010% Rs 18 per executed order or .01% whichever is lower
Equity Futures 0.05% Rs 18 per executed order or .01% whichever is lower
Equity Options Rs 70 per lot Rs 18 per executed order or .01% whichever is lower
Currency Futures 0.05% Rs 18 per executed order or .01% whichever is lower
Currency Options Rs 30 per lot Rs 18 per executed order or .01% whichever is lower
Commodity Futures 0.05% Rs 18 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: RMoney Rs 0 Account Opening Fee + Rs 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 0.50% to 0.10% 0.10% to 0.40%
Equity Intraday 0.050% to 0.010% 0.01% to 0.04%
Equity Futures 0.05% 0.005% to 0.02%
Equity Options Rs 70 per lot Rs 20 to Rs 80 per lot
Currency Futures 0.05% 0.005% to 0.02%
Currency Options Rs 30 per lot 0.005% to 0.02%
Commodity Futures 0.05% 0.005% to 0.02%
Commodity Options Rs 30 per lot
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Religare Charges Vs RMoney

Minimum Brokerage 1p per share Rs 0
Other Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 100 per month per segment
Call & Trade Charges Rs 10 per executed order (max Rs 50 per day) Rs 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 Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%).

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

Religare margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the RMoney margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Religare RMoney
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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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 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 77 customer reviews whereas RMoney is rated 3.8 of 5 based on 4 customer reviews.

  Religare RMoney
  77 Customer Reviews    Rate Religare 4 Customer Reviews    Rate RMoney
Fees 3.2 4.8
Brokerage 3.1 4.5
Trading Platform 3.0 4.0
Customer Service 2.9 4.0
Research Capabilities 3.2 3.0
Overall Ratings Rated 2.9 stars Rated 3.8 stars
Broker Rating Religare is rated 2.9 of 5 based on 77 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 Rs 0 Account Opening Fee + Rs 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
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 Rs 999 per annum.
  • Call and Trade is charged at Rs 10 per executed order (maximum Rs 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 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 + Free Call & Trade

Get free lifetime free AMC demat account and pay flat Rs 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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