Religare Vs SBI Securities (Compare Religare and SBI Securities)

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
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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

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)

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
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	145 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
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

Religare Vs SBI Securities Investment Options

	Religare	SBI Securities
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Religare Vs SBI Securities Order Type Offered

	Religare	SBI Securities
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 SBI Securities Research Report

	Religare	SBI Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Religare Vs SBI Securities Suitable For Investor Type

	Religare	SBI Securities
Casual Investor
Active Investor
Trader

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	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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