Religare Vs TradeSmart (Compare Religare and TradeSmart)

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


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


TradeSmart
TradeSmart is a Mumbai based broker offering discount brokerage services in stock, commodity and currency trading segments. TradeSmart is part of VNS Finance & Capital Services Ltd; a traditional brokerage company which was incorporated in 1994 to offer brokerage service to Indian Stock, Commodity & Currency market investors and trades through franchisee and sub brokers. TradeSmart offers trading in NSE Cash, NSE F&O, NSE Currency derivatives, BSE Cash, MCX Commodities and depository service of... Know more about VNS Finance & Capital Services Ltd

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Religare Vs TradeSmart

Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 branches across India. Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

  Religare TradeSmart
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX
Account Type My Saver Online Plan Power Plan (₹15/Order)
Year of Incorporation 1994 1994
Number of Branches 1500 1
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 TradeSmart. Leave your contact info and we will get in touch with you.
Enquire ReligareEnquire TradeSmart
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Religare Vs TradeSmart Charges & AMC

Religare trading account opening charges is ₹500 while TradeSmart account opening changes is ₹200. Religare Demat Account AMC Charges is ₹400 from second year onward and TradeSmart Demat Account AMC Charges is ₹300.

  Religare TradeSmart
Trading Account Opening Charges ₹500 ₹200
Trading Account AMC Charges Nil ₹0
Demat Account Opening Charges Nil ₹200
Demat Account AMC Charges ₹400 from second year onward ₹300
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Religare Vs TradeSmart Brokerage Charges & Plans

Religare Vs TradeSmart Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas TradeSmart brokerage charges for equity is ₹15 per executed order and intraday is ₹15 per executed order.

  Religare TradeSmart
Account Type My Saver Online Plan Power Plan (₹15/Order)
Fixed Charges
Equity Delivery Brokerage 0.50% to 0.10% ₹15 per executed order
Equity Intraday Brokerage 0.050% to 0.010% ₹15 per executed order
Equity Futures Brokerage 0.05% ₹15 per executed order
Equity Options Brokerage ₹70 per lot ₹15 per executed order
Currency Futures Trading Brokerage 0.05% ₹15 per executed order
Currency Options Trading Brokerage ₹30 per lot ₹15 per executed order
Commodity Futures Trading Brokerage 0.05% ₹15 per executed order
Commodity Options Trading Brokerage ₹30 per lot ₹15 per executed order
Special Offer
Special Offer: Get Free Trading + Demat Account for limited time. Get the offer
Special Offer: FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer

Religare Vs TradeSmart Brokerage Plan 2

  Religare TradeSmart
Account Type My Saver Online Plan Value Plan
Fixed Charges
Equity Delivery Brokerage 0.50% to 0.10% 0.007%
Equity Intraday Brokerage 0.050% to 0.010% 0.007%
Equity Futures Brokerage 0.05% 0.007%
Equity Options Brokerage ₹70 per lot ₹7 Per Lot
Currency Futures Trading Brokerage 0.05% 0.007%
Currency Options Trading Brokerage ₹30 per lot ₹7 Per Lot
Commodity Futures Trading Brokerage 0.05% 0.007%
Commodity Options Trading Brokerage ₹30 per lot ₹7 Per Lot
Enquire ReligareEnquire TradeSmart

Religare Charges Vs TradeSmart

Minimum Brokerage Charges 1p per share ₹15 per executed order
Other Brokerage Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at ₹20 per executed order
Call & Trade Charges ₹10 per executed order (max ₹50 per day) ₹20 per executed order
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Religare Vs TradeSmart Transaction Charges

Religare transaction charges for options is 0.06% on Premium while TradeSmart exchange transaction charges for options is 0.0715%.

  Religare TradeSmart
Equity Delivery 0.0037% 0.0035%
Equity Intraday 0.0037% 0.0035%
Equity Futures 0.004% 0.0024%
Equity Options 0.06% on Premium 0.0715%
Currency Futures 0.004% 0.00165%
Currency Options 0.06% on Premium 0.06%
Commodity 0.0035% 0.0039%
Enquire ReligareEnquire TradeSmart
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Religare Vs TradeSmart Leverage (Margin)

Religare provides the margin of Upto 10x for intraday trades whereas the TradeSmart margin for intraday cash is 30x trading margin.

  Religare TradeSmart
Equity Delivery Upto 4x with 24% interest per year 1x (no margin)
Equity Intraday Upto 10x 30x trading margin
Equity Futures Upto 3x MIS: 3X | BO: 7X | CO: 7X
Equity Options Upto 3x for shorting MIS: 3X | BO: 7X | CO: 7X
Currency Futures Upto 2x MIS: 3X | BO: 3X | CO: 3X
Currency Options 2x for shorting MIS: 3X | BO: NA | CO: NA
Commodity Futures Upto 3x MIS: 2X | BO: 6X | CO: 6X
Commodity Options MIS: NA | BO: NA | CO: NA
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Compare Religare and TradeSmart Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. TradeSmart offers NEST, NOW, Spin trading software.

  Religare TradeSmart
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Odin Diet, Web, Dynami NEST, NOW, Spin
Intraday Square-off Time Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing
Other Features Mutual Fund, EMI Calculator
Referral Program Yes
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Religare Vs TradeSmart Review

Religare is rated 2.9 of 5 based on 76 customer reviews whereas TradeSmart is rated 4.0 of 5 based on 64 customer reviews.

  Religare TradeSmart
  76 Customer Reviews    Rate Religare 64 Customer Reviews    Rate TradeSmart
Fees 3.2 3.8
Trading Brokerage 3.1 4.4
Trading Platform Usability 3.0 3.7
Customer Service 2.9 4.0
Research Capabilities 3.3 3.0
Overall Ratings Rated 2.9 stars Rated 4.0 stars
Broker Rating Religare is rated 2.9 of 5 based on 76 customer reviews TradeSmart is rated 4.0 of 5 based on 64 customer reviews
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Contact Broker / Request A Call Back

  Religare Enquire TradeSmart Enquire
Contact Broker

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

FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer

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Religare Vs TradeSmart Investment Options

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

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

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

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

  Religare TradeSmart
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.
  • EquiMax funding offers up to 4x times exposure in equity delivery. This facility could be enabled with an annual subscription fee of ₹1000.
  • Unlike most of the discount brokers; TradeSmart offers 2 unique brokerage plans designed in such a way that it suits every trading strategy. Switching between these plans is made very easy which offers great flexibility.
  • TSO offers to invest in Mutual Funds, Bonds and Offer For Sale (OFS). These financial instruments are not available with most discount brokers including other popular discount brokers like Zerodha and RKSV.
  • Excellent referral benefits are available. The customer receives 10% credit of the brokerage generated by the clients referred by them.
  • No minimum amount is needed to open or maintain a trading account with TSO.
  • Customer service is available through live chat on its website. This is very convenient for many customers.
  • TradeSmart is in the stock broking industry since 1994.
  • TSO's online knowledgebase has a lot of information which is helpful for most customers.
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).
  • Call and Trade is charged at extra ₹20 per executed order.
  • Physical contract notes ₹20 per contract note + courier charges
  • Intraday positions (MIS, CO & BO) squared off by RMS team is charged at ₹20.
  • 24/7 customer service is not available.
  • Facility to invest in IPO's is not available.
  • Doesn't provide daily market report, free tips, news alerts and technical analysis.
  • 3-in-1 accounts are not available as company doesn't provide banking services.
Reviews Useful Articles:
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.

Limited Time Offer - Free Account Opening (₹400 waived)

Open TradeSmart Trading Account and get Free Trading, Demat and Mutual Fund Account + Trade at flat ₹15 per order.

Get this limited time offer
Enquire ReligareEnquire TradeSmart

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