Religare Vs SAMCO (Compare Religare and SAMCO)

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


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


SAMCO
SAMCO is India based online discount broker. It offers stock and commodity trading at NSE, BSE, and MCX. SAMCO's NBFC arm provide the margin funding, loan against shares and other financial products. It also offers depository services (demat account) through CDSL. Incorporated in 2015, SAMCO is among the lowest-cost broker in India. SAMCO is popular for its ultra-low brokerage, margin products, higher exposure and free trading software. Customer who moves from traditional brokers like ICICI Dir... Know more about SAMCO Securities Limited

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Religare Vs SAMCO

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

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

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

  Religare SAMCO
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 ₹400
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Religare Vs SAMCO Brokerage Charges & Plans

Religare Vs SAMCO Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas SAMCO brokerage charges for equity is ₹20 per executed order and intraday is ₹20 per executed order.

  Religare SAMCO
Account Type My Saver Online Plan Standard
Fixed Charges
Equity Delivery Brokerage 0.50% to 0.10% ₹20 per executed order
Equity Intraday Brokerage 0.050% to 0.010% ₹20 per executed order
Equity Futures Brokerage 0.05% ₹20 per executed order
Equity Options Brokerage ₹70 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.05% ₹20 per executed order
Currency Options Trading Brokerage ₹30 per lot ₹20 per executed order
Commodity Futures Trading Brokerage 0.05%
Commodity Options Trading Brokerage ₹30 per lot
Special Offer
Special Offer: Get Free Trading + Demat Account for limited time. Get the offer
Special Offer: Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Get the offer

Religare Charges Vs SAMCO

Minimum Brokerage Charges 1p per share ₹0
Other Brokerage Charges
Call & Trade Charges ₹10 per executed order (max ₹50 per day) ₹20 per executed order
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Religare Vs SAMCO Transaction Charges

Religare transaction charges for options is 0.06% on Premium while SAMCO exchange transaction charges for options is NSE ₹5000 per crore | BSE ₹1 per trade (each side).

  Religare SAMCO
Equity Delivery 0.0037% NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Intraday 0.0037% NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Futures 0.004% NSE ₹190 per crore | BSE ₹1 per trade (each side)
Equity Options 0.06% on Premium NSE ₹5000 per crore | BSE ₹1 per trade (each side)
Currency Futures 0.004% NSE ₹110 per crore (0.0011%)
Currency Options 0.06% on Premium NSE ₹4000 (on premium) per crore (0.040%)
Commodity 0.0035% Non-Agri ₹260 (0.0026%) | Agri ₹175 per Crore
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Religare Vs SAMCO Leverage (Margin)

Religare provides the margin of Upto 10x for intraday trades whereas the SAMCO margin for intraday cash is Normal Orders: 3x to 15x | CO & BO: Up to 33x.

  Religare SAMCO
Equity Delivery Upto 4x with 24% interest per year Up to 4x
Equity Intraday Upto 10x Normal Orders: 3x to 15x | CO & BO: Up to 33x
Equity Futures Upto 3x Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Upto 3x for shorting Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures Upto 2x Intraday - 50%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options 2x for shorting Intraday - 50%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures Upto 3x Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity Options
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Compare Religare and SAMCO Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. SAMCO offers OMNESYS NEST, StockNote trading software.

  Religare SAMCO
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Odin Diet, Web, Dynami OMNESYS NEST, StockNote
Intraday Square-off Time 3:15 PM
Other Features Mutual Fund, EMI Calculator Margin Products - CashPlus, StockPlus, and InstaPlus
Referral Program
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Religare Vs SAMCO Review

Religare is rated 2.9 of 5 based on 75 customer reviews whereas SAMCO is rated 3.5 of 5 based on 14 customer reviews.

  Religare SAMCO
  75 Customer Reviews    Rate Religare 14 Customer Reviews    Rate SAMCO
Fees 3.1 3.6
Trading Brokerage 3.1 4.0
Trading Platform Usability 3.0 2.8
Customer Service 2.9 3.4
Research Capabilities 3.0 3.0
Overall Ratings Rated 2.9 stars Rated 3.5 stars
Broker Rating Religare is rated 2.9 of 5 based on 75 customer reviews SAMCO is rated 3.5 of 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  Religare Enquire SAMCO Enquire
Contact Broker

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

Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App. Get the offer

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Religare Vs SAMCO Investment Options

  Religare SAMCO
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes
Debt Yes No
Other Investment Options
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Religare Vs SAMCO Order Type Offered

  Religare SAMCO
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 SAMCO Research Report

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

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

  Religare SAMCO
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.
  • A technology-driven stockbroker with significantly fewer overheads.
  • Flat ₹20 per trade low-cost trading across segments.
  • Instant paperless online account opening process.
  • Margin products available for delivery margin and margin against shares.
  • StockNote, a mobile trading app with personalized news, managed alerts, advanced charts, and watch list with any number of shares.
  • Guest user for mobile app StockNote which allows you to check the app even before you becomes a customer.
  • Advance order types i.e. bracket order and cover order with up to 33 times leverage
  • Free 'NEST Trader' install-able trading terminal for frequent traders.
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).
  • No branch offices.
  • Mutual Fund investment is now available.
  • Online IPO applications are not available.
  • Additional charges for broker assisted traders (Call & Trade).
Reviews
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.

SAMCO has 2 limited time special offers running at this time.

  1. Trading & Demat Account Opening Fee Waived

    Open trading and demat account at absolutely no cost. The account opening fee is waived for limited period of time.

  2. 100% Brokerage Cash Back for 1st Month

    Open an account with SAMCO, download mobile trading app StockNote and get 100% cashback on brokerage paid for trades done through mobile app in 1st month. This cashback offer works only for trade executed using mobile app.

Get the Special Offer

Enquire ReligareEnquire SAMCO

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