Religare Vs SBI Securities (Compare Religare and SBI Securities)


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


SBI Securities
SBICAP Securities Ltd (SSL) is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SSL is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders. SBI Smart is the flagship trading platform of the company. The portal allows both Resident Indians a... Know more about SBICAP Securities Ltd

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Religare Vs SBI Securities

Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 branches across India. Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India.

  Religare SBI Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE
Year of Incorporation 1994 2001
Number of Branches 1500 117
Open an Online Trading Account with Religare.Open an Online Trading Account with SBI Securities.
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Religare Vs SBI Securities Charges & AMC

Religare trading account opening charges is Rs 500 while SBI Securities account opening changes is Rs 850. Religare Demat Account AMC Charges is Rs 400 from second year onward and SBI Securities Demat Account AMC Charges is Rs 350.

  Religare SBI Securities
Trading Account Opening Charges Rs 500 Rs 850
Trading Account AMC Charges Nil Rs 0
Demat Account Opening Charges Nil Rs 0
Demat Account AMC Charges Rs 400 from second year onward Rs 350
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Religare Vs SBI Securities Brokerage Charges & Plans

Religare Vs SBI Securities Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05%.

  Religare SBI Securities
Account Type My Saver Online Plan eZ-trade
Fixed Charges
Equity Delivery 0.50% to 0.10% 0.50%
Equity Intraday 0.050% to 0.010% 0.05%
Equity Futures 0.05% 0.05%
Equity Options Rs 70 per lot Rs 100 per lot
Currency Futures 0.05% 0.03%
Currency Options Rs 30 per lot Rs 30 per lot
Commodity Futures 0.05% NA
Commodity Options Rs 30 per lot NA
Special Offer
Special Offer: Get Free Trading + Demat Account for limited time. Get the offer

Religare Charges Vs SBI Securities

Minimum Brokerage 1p per share Rs 0.05 for Cash, Rs 0.01 Future
Other Charges
Call & Trade Charges Rs 10 per executed order (max Rs 50 per day) Rs 10 per call (after 30 free calls a month)
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Religare Vs SBI Securities Transaction Charges

Religare transaction charges for options is 0.06% on Premium while SBI Securities exchange transaction charges for options is NSE: 0.05515% (Rs 5515/Crore).

  Religare SBI Securities
Equity Delivery 0.0037% NSE: 0.00386% | BSE: 0.00384%
Equity Intraday 0.0037% NSE: 0.00386% | BSE: 0.00384%
Equity Futures 0.004% NSE: 0.002206% (Rs 221/Crore)
Equity Options 0.06% on Premium NSE: 0.05515% (Rs 5515/Crore)
Currency Futures 0.004% 0.002206%
Currency Options 0.06% on Premium NSE: 0.05515% (Rs 5515/Crore)
Commodity 0.0035%
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Religare Vs SBI Securities 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 SBI Securities 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 SBI Securities
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 SBI Securities Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. SBI Securities offers SBI Smart Express, SBI Smart Web, SBI Smart Mobile trading software.

  Religare SBI Securities
3 in 1 Account No Yes
Charting Yes No
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)
Margin Against Shares (Equity F&O)
Trading Platform Odin Diet, Web, Dynami SBI Smart Express, SBI Smart Web, SBI Smart Mobile
Intraday Square-off Time 2:45 PM
Other Features Mutual Fund, EMI Calculator
Referral Program
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Religare Vs SBI Securities Review

Religare is rated 2.9 of 5 based on 77 customer reviews whereas SBI Securities is rated 2.6 of 5 based on 145 customer reviews.

  Religare SBI Securities
  77 Customer Reviews    Rate Religare 145 Customer Reviews    Rate SBI Securities
Fees 3.2 3.2
Brokerage 3.1 2.8
Trading Platform 3.0 2.6
Customer Service 2.9 2.8
Research Capabilities 3.2 2.6
Overall Ratings Rated 2.9 stars Rated 2.6 stars
Broker Rating Religare is rated 2.9 of 5 based on 77 customer reviews SBI Securities is rated 2.6 of 5 based on 145 customer reviews
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Contact Broker / Request A Call Back

  Religare Enquire SBI Securities Enquire
Contact Broker Get Free Trading + Demat Account for limited time. Get the offer
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Religare Vs SBI Securities Investment Options

  Religare SBI Securities
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options
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Religare Vs SBI Securities Order Type Offered

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

  Religare SBI Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Religare Vs SBI Securities Suitable For Investor Type

  Religare SBI Securities
Casual Investor Yes
Active Investor
Trader
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Religare Vs SBI Securities - Pros and Cons

  Religare SBI Securities
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.
  • Offer 3-in-1 account for seamless transactions.
  • Full-service broker offering services online as well as through branches.
  • Wide range of investment options.
  • Free research reports are available.
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).
  • Installable Trading Terminal (exe) is not available for frequent traders.
  • Good Till Cancelled (GTC) orders are not available.
  • Very high brokerage.
  • Commodity (MCX) trading is not available.
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.

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