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Religare Vs Upstox Share Broker Comparison

The side-by-side comparison of Religare and Upstox stock brokers in India. The comparison below highlights the similarities and differences between Religare and Upstox's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Religare and Upstox.

  Religare Upstox
 
Religare Logo Upstox Logo
About the Broker 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 s... Know more about Religare 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 ... Know more about Upstox
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX
Account Type My Saver Online Plan Upstox Basic
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.
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Stock Broker Fees / Charges

  Religare Upstox
Trading Account Opening Fees ₹500 ₹150 (Eq and F&O), ₹150 (MCX)
Trading Account AMC Nil ₹0
Demat Account Opening Fees Nil ₹0
Demat Account AMC ₹400 from second year onward ₹150
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Religare Upstox
Account Type My Saver Online Plan Upstox Basic
Fixed Charges
Equity Delivery Brokerage 0.50% to 0.10% ₹0
Equity Intraday Brokerage 0.050% to 0.010% ₹20 per trade or 0.01% (whichever is lower)
Equity Futures Brokerage 0.05% ₹20 per trade or 0.01% (whichever is lower)
Equity Options Brokerage ₹70 per lot ₹20 per trade or 0.01% (whichever is lower)
Currency Futures Trading Brokerage 0.05% ₹20 per trade or 0.01% (whichever is lower)
Currency Options Trading Brokerage ₹30 per lot ₹20 per trade or 0.01% (whichever is lower)
Commodity Futures Trading Brokerage 0.05% ₹20 per trade or 0.01% (whichever is lower)
Commodity Options Trading Brokerage ₹30 per lot

Brokerage Plan 2

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

Other Charges

Minimum Brokerage Charges 1p per share ₹0
Other Brokerage Charges
Call & Trade Charges ₹10 per executed order (max Rs 50 per day) ₹20 per trade
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Taxes

  Religare Upstox
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Religare Upstox
Equity Delivery 0.0037% NSE ₹325 | BSE ₹275
Equity Intraday 0.0037% NSE ₹325 | BSE ₹275
Equity Futures 0.004% NSE ₹210
Equity Options 0.06% on Premium NSE ₹5500
Currency Futures 0.004% ₹150
Currency Options 0.06% on Premium ₹6000
Commodity 0.0035% MCX ₹260/Cr
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Exposure

  Religare Upstox
Equity Delivery Upto 4x with 24% interest per year 2.5x
Equity Intraday Upto 10x Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Futures Upto 3x Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x
Equity Options Upto 3x for shorting Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Futures Upto 2x Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Options 2x for shorting Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Commodity Upto 3x Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
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Share Broker Features

  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)
Margin Against Shares (Equity F&O)
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
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Broker Ratings (Average User Rating)

  Religare Upstox
  71 Customer Reviews    Rate Religare 49 Customer Reviews    Rate Upstox
Fees Ratings 3.2 3.8
Trading Brokerage Rating 3.1 3.6
Trading Platform Usability 3.0 2.9
Customer Service Ratings 3.0 2.5
Overall Ratings Rated 2.9 stars Rated 2.6 stars
Broker Rating Religare is Rated 2.9 / 5 based on 71 customer reviews Upstox is Rated 2.6 / 5 based on 49 customer reviews
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Contact Broker / Request A Call Back

  Religare Upstox
Contact / Request Call Back
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Investment Options Available

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

  Religare Upstox
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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Order Type

  Religare Upstox
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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Research / Tips / Reports Published

  Religare Upstox
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  Religare Upstox
Casual Investor
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Religare Upstox
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.

More Advantages...

  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.

More Advantages...

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).

More Disadvantages...

  • 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.
  • Online IPO, FPO, Bonds and NCD's are not available.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.

More Disadvantages...

Reviews Useful articles about Upstox:
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.

Limited Time Offer - Free Account Opening (₹300 waived) until May 17th 2019

Open Upstox Trading Account and get FREE Trading, Demat and Mutual Fund Account + FREE Equity Delivery Trades (no brokerage) + Intraday and F&O Trades at flat ₹20 per order.

Request Callback
Enquire about Religare Enquire about Upstox
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