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.
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Religare |
Upstox |
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| 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...  |
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 ... |
Type of Broker
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Full Service Broker |
Discount Broker |
| Supported Exchnage
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BSE, NSE, MCX |
BSE, NSE, MCX |
| Account Type
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My Saver Online Plan |
Upstox Basic |
| Broker Enquiry |
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Stock Broker Fees / Charges
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Religare |
Upstox |
| Trading Account Opening Fees
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₹1000 |
₹150 (Eq and F&O), ₹150 (MCX) |
| Trading Account AMC
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Nil |
₹0 |
| Demat Account Opening Fees
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Nil |
₹0 |
| Demat Account AMC
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₹350 |
₹150 (paid upfront) |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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Religare |
Upstox |
| Account Type |
My Saver Online Plan |
Upstox Basic |
| Fixed Charges
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| Equity Delivery Brokerage
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0.50% to 0.10% |
₹0 |
| Equity Intraday Brokerage
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0.050% to 0.010% |
₹20 per trade or 0.01% (whichever is lower) |
| Equity Futures Brokerage
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0.05% |
₹20 per trade or 0.01% (whichever is lower) |
| Equity Options Brokerage
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₹100 per lot |
₹20 per trade or 0.01% (whichever is lower) |
| Currency Futures Trading Brokerage
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₹25 to ₹10 per lot |
₹20 per trade or 0.01% (whichever is lower) |
| Currency Options Trading Brokerage
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₹25 to ₹10 per lot |
₹20 per trade or 0.01% (whichever is lower) |
| Commodity Futures Trading Brokerage
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0.05% |
₹20 per trade or 0.01% (whichever is lower) |
| Commodity Options Trading Brokerage
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Brokerage Plan 2
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Religare |
Upstox |
| Account Type |
My Saver Online Plan |
Upstox Priority |
| Fixed Charges
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₹0 |
| Equity Delivery Brokerage
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0.50% to 0.10% |
₹0 |
| Equity Intraday Brokerage
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0.050% to 0.010% |
₹30 per trade or 0.05% (whichever is lower) |
| Equity Futures Brokerage
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0.05% |
₹30 per trade or 0.05% (whichever is lower) |
| Equity Options Brokerage
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₹100 per lot |
₹30 per trade or 0.05% (whichever is lower) |
| Currency Futures Trading Brokerage
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₹25 to ₹10 per lot |
₹30 per trade or 0.05% (whichever is lower) |
| Currency Options Trading Brokerage
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₹25 to ₹10 per lot |
₹30 per trade or 0.05% (whichever is lower) |
| Commodity Futures Trading Brokerage
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0.05% |
₹30 per trade or 0.05% (whichever is lower) |
| Commodity Options Trading Brokerage
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Other Charges
| Minimum Brokerage Charges
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1p per share |
₹0 |
| Other Brokerage Charges
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| Call & Trade Charges
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₹10 per executed order (max Rs 50 per day) |
₹20 per trade |
Taxes
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Religare |
Upstox |
| Securities Transaction Tax (STT)
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- 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)
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- 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)
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| Exchange Transaction Charges
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Check table below |
Check table below |
| SEBI Charges
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Rs 15 per Crore |
Rs 15 per Crore |
| Goods and Services Tax (GST)
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18% on (brokerage + transaction charges) |
18% on (brokerage + transaction charges) |
| Stamp Duty
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Charged as per the state of the client's correspondence address. |
Charged as per the state of the client's correspondence address. |
Transaction Charges
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Religare |
Upstox |
| Equity Delivery
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0.0037% |
NSE ₹325 | BSE ₹275 |
| Equity Intraday
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0.0037% |
NSE ₹325 | BSE ₹275 |
| Equity Futures
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0.004% |
NSE ₹210 |
| Equity Options
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0.06% on Premium |
NSE ₹5500 |
| Currency Futures
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0.004% |
₹150 |
| Currency Options
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0.06% on Premium |
₹6000 |
| Commodity
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0.0035% |
MCX ₹260/Cr |
Exposure
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Religare |
Upstox |
| Equity Delivery
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1x |
| Equity Intraday
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Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x |
| Equity Futures
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Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x |
| Equity Options
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Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x |
| Currency Futures
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Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x |
| Currency Options
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Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x |
| Commodity
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Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x |
Share Broker Features
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Religare |
Upstox |
| 3 in 1 Account
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| Charting
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| Automated Trading
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| SMS Alerts
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| Online Demo
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| Online Portfolio
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| Margin Trading Funding Available
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| Margin Against Shares (Equity Cash)
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| Margin Against Shares (Equity F&O)
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| Trading Platform
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Odin Diet |
Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola |
| Intraday Square-off Time
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3:15 PM |
| Other Features
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Broker Ratings (Average User Rating)
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Religare |
Upstox |
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71 Customer Reviews  |
46 Customer Reviews |
| Fees Ratings |
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| Trading Brokerage Rating |
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| Trading Platform Usability |
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| Customer Service Ratings |
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| Overall Ratings |
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| Broker Rating |
Religare is Rated 2.9 / 5 based on 71 customer reviews |
Upstox is Rated 2.5 / 5 based on 46 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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Religare |
Upstox |
| Stock / Equity
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| Commodity
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| Currency
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| Initial Public Offers (IPO)
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| Mutual Funds
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| Bond / NCD
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| Debt
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| Other Investment Options
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Customer Service Offered
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Religare |
Upstox |
| 24/7 Customer Service
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| Onine Live Chat
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| Through Branches
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Order Type
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Religare |
Upstox |
| Bracket Order
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| Cover Order
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| Buy Today Sell Tomorrow (BTST)
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| Sell Today Buy Tomorrow (STBT)
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| After Market Order(AMO)
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| Good Till Cancelled (GTC)
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Research / Tips / Reports Published
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Religare |
Upstox |
| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Suitable for Investor Category
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Religare |
Upstox |
| Casual Investor
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| Active Investor
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| Trader
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Pros, Cons and Other Review Comments
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Religare |
Upstox |
| Pros
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- 3 to 4 times exposure is given in cash as well as F&O segment.
More Advantages... |
- Upstox basic plan offers brokerage free trading in Equity Delivery segment.
- No brokerage for equity delivery trades.
- Free trading software including mobile and web trading app.
- Advance orders including AMO, CO and BO are available.
- Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
- AmiBroker connector available for Algo Trading.
- Mutual Funds are available for investment.
- Higher leverage is available under different brokerage plan.
More Advantages... |
| Cons
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- 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.
More Disadvantages... |
| Reviews
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Useful articles about Upstox:
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| Promo / Offers
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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. |
Get Account Opening Fee Refunded
Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. In addition get you account opening fees refunded as brokerage cashback. To open an account with Upstox, simply leave your contact information with us and Upstox representatives will call you.
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Enquire about Religare
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Enquire about Upstox
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Zero Account Opening Fee