Religare Vs Tradeplus (Compare Religare and Tradeplus)

Religare Vs Tradeplus

Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 branches across India. Incorporated in 1995, Tradeplus is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

	Religare	Tradeplus
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX
Year of Incorporation	1994	1995
Number of Branches	1500
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Religare Vs Tradeplus Charges & AMC

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

	Religare	Tradeplus
Trading Account Opening Charges	Rs 500	Rs 0
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 0

Religare Vs Tradeplus Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas Tradeplus brokerage charges for equity is Rs 0 (Free) and intraday is NA.

	Religare	Tradeplus
Account Type	My Saver Online Plan	Flat Zero brokerage Scheme
Fixed Charges		As per segment
Equity Delivery	0.50% to 0.10%	Rs 0 (Free)
Equity Intraday	0.050% to 0.010%	NA
Equity Futures	0.05%	Rs 799 per month (unlimited trading)
Equity Options	Rs 70 per lot	Rs 99 per month (unlimited trading)
Currency Futures	0.05%	Rs 99 per month (unlimited trading)
Currency Options	Rs 30 per lot	Rs 99 per month (unlimited trading)
Commodity Futures	0.05%	Rs 99 per month (unlimited trading)
Commodity Options	Rs 30 per lot	Rs 99 per month (unlimited trading)
Special Offer	Special Offer: Get Free Trading + Demat Account for limited time. Get the offer	Special Offer: Brokerage Free equity delivery trading (truly no commission) and Flat Rs 9 intranet and F&O trade brokerage. Get the offer

Religare Vs Tradeplus Brokerage Plan 2

	Religare	Tradeplus
Account Type	My Saver Online Plan	Flexi Brokerage Plan
Fixed Charges		NA
Equity Delivery	0.50% to 0.10%	Rs 0 (Free)
Equity Intraday	0.050% to 0.010%	Lower of - Rs 9 per trade or 0.01%
Equity Futures	0.05%	Rs 9 per executed order
Equity Options	Rs 70 per lot	Rs 9 per executed order
Currency Futures	0.05%	Rs 9 per executed order
Currency Options	Rs 30 per lot	Rs 9 per executed order
Commodity Futures	0.05%	Rs 9 per executed order
Commodity Options	Rs 30 per lot	Rs 9 per executed order
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Religare Charges Vs Tradeplus

Minimum Brokerage	1p per share
Other Charges		SMS Charges: Rs 100 per segment.
Call & Trade Charges	Rs 10 per executed order (max Rs 50 per day)	Flat Rs 75 per day

Religare Vs Tradeplus Transaction Charges

Religare transaction charges for options is 0.06% on Premium while Tradeplus exchange transaction charges for options is Rs 7800 per crore (0.078%)(on premium).

	Religare	Tradeplus
Equity Delivery	0.0037%	Rs 345 per crore (0.00345%) (each side)
Equity Intraday	0.0037%	Rs 345 per crore (0.00345%) (sale side)
Equity Futures	0.004%	Rs 360 per crore (0.0036%)
Equity Options	0.06% on Premium	Rs 7800 per crore (0.078%)(on premium)
Currency Futures	0.004%	Rs 140 per crore (0.0014%)
Currency Options	0.06% on Premium	Rs 6000 (on premium) per crore (0.06%)
Commodity	0.0035%	Rs 500 (0.005%)
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Religare Vs Tradeplus 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 Tradeplus 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	Tradeplus
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 Tradeplus Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. Tradeplus offers INFINI, NSE NOW trading software.

	Religare	Tradeplus
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	INFINI, NSE NOW
Intraday Square-off Time
Other Features	Mutual Fund, EMI Calculator
Referral Program
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Religare Vs Tradeplus Review

Religare is rated 2.9 of 5 based on 77 customer reviews whereas Tradeplus is rated 3.0 of 5 based on 35 customer reviews.

	Religare	Tradeplus
	77 Customer Reviews	35 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	Tradeplus is rated 3.0 of 5 based on 35 customer reviews

Religare Vs Tradeplus Investment Options

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

Religare Vs Tradeplus Order Type Offered

	Religare	Tradeplus
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 Tradeplus Research Report

	Religare	Tradeplus
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Religare Vs Tradeplus Suitable For Investor Type

	Religare	Tradeplus
Casual Investor
Active Investor
Trader

Religare Vs Tradeplus - Pros and Cons

	Religare	Tradeplus
Pros	3 to 4 times exposure is given in cash as well as F&O segment.	Unlimited monthly trading plans available for frequent traders. Free equity delivery trading. No brokerage charged for trading in equity delivery (cash & carry) segment. Low demat AMC or Rs 90 per month. Analysis tools available for intraday trading.
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).	Customer has to pay software charges. High call & trade charges. Rs 1000 per month. Lower margin.
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.	Free Equity Delivery Trade + Flat Rs 9 intranet and F&O trade Get free equity delivery trading (zero brokerage) and pay flat Rs 9 intranet and F&O trade brokerage. To open an account with Tradeplus, simply leave your contact information and Tradeplus representatives will call you.
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