Religare Vs Upstox (Compare Religare and Upstox)

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


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


Upstox
Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox

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Religare Vs Upstox

Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 branches across India. Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

  Religare Upstox
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX
Account Type My Saver Online Plan Upstox Basic
Year of Incorporation 1994 2012
Number of Branches 1500 4
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 Upstox. Leave your contact info and we will get in touch with you.
Enquire ReligareEnquire Upstox
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Religare Vs Upstox Charges & AMC

Religare trading account opening charges is ₹500 while Upstox account opening changes is ₹249. Religare Demat Account AMC Charges is ₹400 from second year onward and Upstox Demat Account AMC Charges is ₹300.

  Religare Upstox
Trading Account Opening Charges ₹500 ₹249
Trading Account AMC Charges Nil ₹0 (Free)
Demat Account Opening Charges Nil ₹0 (Free)
Demat Account AMC Charges ₹400 from second year onward ₹300
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Religare Vs Upstox Brokerage Charges & Plans

Religare Vs Upstox Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas Upstox brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or 0.05% whichever is lower.

  Religare Upstox
Account Type My Saver Online Plan Upstox Basic
Fixed Charges
Equity Delivery Brokerage 0.50% to 0.10% ₹0 (Free)
Equity Intraday Brokerage 0.050% to 0.010% ₹20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage 0.05% ₹20 per executed order or 0.05% whichever is lower
Equity Options Brokerage ₹70 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.05% ₹20 per executed order or 0.05% whichever is lower
Currency Options Trading Brokerage ₹30 per lot ₹20 per executed order
Commodity Futures Trading Brokerage 0.05% ₹20 per executed order or 0.05% whichever is lower
Commodity Options Trading Brokerage ₹30 per lot ₹20 per executed order
Special Offer
Special Offer: Get Free Trading + Demat Account for limited time. Get the offer
Special Offer:

FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

Religare Vs Upstox Brokerage Plan 2

  Religare Upstox
Account Type My Saver Online Plan Upstox Priority (Higher Margin)
Fixed Charges NA
Equity Delivery Brokerage 0.50% to 0.10% ₹0
Equity Intraday Brokerage 0.050% to 0.010% ₹30 per executed order or 0.10% whichever is lower
Equity Futures Brokerage 0.05% ₹30 per executed order or 0.10% whichever is lower
Equity Options Brokerage ₹70 per lot ₹30 per executed order
Currency Futures Trading Brokerage 0.05% ₹30 per executed order or 0.10% whichever is lower
Currency Options Trading Brokerage ₹30 per lot ₹30 per executed order
Commodity Futures Trading Brokerage 0.05% ₹30 per executed order or 0.10% whichever is lower
Commodity Options Trading Brokerage ₹30 per lot ₹30 per executed order
Enquire ReligareEnquire Upstox

Religare Charges Vs Upstox

Minimum Brokerage Charges 1p per share 0.05%
Other Brokerage Charges
Call & Trade Charges ₹10 per executed order (max ₹50 per day) ₹20 per trade
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Religare Vs Upstox Transaction Charges

Religare transaction charges for options is 0.06% on Premium while Upstox exchange transaction charges for options is NSE ₹5500 per Cr (0.055%) (on premium).

  Religare Upstox
Equity Delivery 0.0037% NSE ₹325 per Cr (0.00325%) (each side)
Equity Intraday 0.0037% NSE ₹325 per Cr (0.00325%) (each side)
Equity Futures 0.004% NSE ₹210 per Cr (0.0021%)
Equity Options 0.06% on Premium NSE ₹5500 per Cr (0.055%) (on premium)
Currency Futures 0.004% NSE ₹130 per Cr (0.0013%) | BSE ₹26 per Cr (0.00026%)
Currency Options 0.06% on Premium NSE ₹2900 per Cr (0.029%) | BSE ₹2600 per Cr (0.026%) (on premium)
Commodity 0.0035% Group A - ₹290 per Cr (0.0029%)
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Religare Vs Upstox Leverage (Margin)

Religare provides the margin of Upto 10x for intraday trades whereas the Upstox margin for intraday cash is Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x.

  Religare Upstox
Equity Delivery Upto 4x with 24% interest per year 1x (no margin)
Equity Intraday Upto 10x Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x
Equity Futures Upto 3x Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x
Equity Options Upto 3x for shorting Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x
Currency Futures Upto 2x Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x
Currency Options 2x for shorting Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x
Commodity Futures Upto 3x Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x
Commodity Options
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Compare Religare and Upstox Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

  Religare Upstox
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 No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Odin Diet, Web, Dynami Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 3:15 PM
Other Features Mutual Fund, EMI Calculator Option strategy builder
Referral Program Yes
Enquire ReligareEnquire Upstox
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Religare Vs Upstox Review

Religare is rated 2.9 of 5 based on 75 customer reviews whereas Upstox is rated 2.5 of 5 based on 81 customer reviews.

  Religare Upstox
  75 Customer Reviews    Rate Religare 81 Customer Reviews    Rate Upstox
Fees 3.1 3.6
Trading Brokerage 3.1 3.7
Trading Platform Usability 3.0 2.7
Customer Service 2.9 2.4
Research Capabilities 3.0 2.3
Overall Ratings Rated 2.9 stars Rated 2.5 stars
Broker Rating Religare is rated 2.9 of 5 based on 75 customer reviews Upstox is rated 2.5 of 5 based on 81 customer reviews
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Contact Broker / Request A Call Back

  Religare Enquire Upstox Enquire
Contact Broker

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

FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

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Religare Vs Upstox Investment Options

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

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

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

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

  Religare Upstox
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.
  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.
  9. Online IPO, FPO, Bonds and NCD's are available.
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 margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.
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.

FREE Equity Delivery Trading

Open Upstox Trading Account and get brokerage FREE Equity Delivery Trades (₹0 brokerage). Trade in Intra-day and F&O Trades at flat ₹20 per order.

Request Callback
Enquire ReligareEnquire Upstox

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