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...
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...
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 | |
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Type of Broker | Full Service Broker | Discount Broker |
Supported Exchnages | BSE, NSE, MCX | BSE, NSE, MCX |
Account Type | My Saver Online Plan | Default |
Year of Incorporation | 1994 | 2012 |
Number of Branches | 1500 | 4 |
Broker Enquiry |
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Enquire Religare | Enquire Upstox |
Religare trading account opening charges is Rs 500 while Upstox account opening changes is Rs 49. Religare Demat Account AMC Charges is Rs 400 from second year onward and Upstox Demat Account AMC Charges is Rs 300.
Religare | Upstox | |
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Trading Account Opening Charges | Rs 500 | Rs 49 |
Trading Account AMC Charges | Nil | Rs 0 (Free) |
Demat Account Opening Charges | Nil | Rs 0 (Free) |
Demat Account AMC Charges | Rs 400 from second year onward | Rs 300 |
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 Rs 0 (Free) and intraday is Rs 20 per executed order or 0.05% whichever is lower.
Religare | Upstox | |
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Account Type | My Saver Online Plan | Default |
Fixed Charges | NA | |
Equity Delivery Brokerage | 0.50% to 0.10% | Rs 0 (Free) |
Equity Intraday Brokerage | 0.050% to 0.010% | Rs 20 per executed order or 0.05% whichever is lower |
Equity Futures Brokerage | 0.05% | Rs 20 per executed order or 0.05% whichever is lower |
Equity Options Brokerage | Rs 70 per lot | Rs 20 per executed order |
Currency Futures Trading Brokerage | 0.05% | Rs 20 per executed order or 0.05% whichever is lower |
Currency Options Trading Brokerage | Rs 30 per lot | Rs 20 per executed order |
Commodity Futures Trading Brokerage | 0.05% | Rs 20 per executed order or 0.05% whichever is lower |
Commodity Options Trading Brokerage | Rs 30 per lot | Rs 20 per executed order |
Special Offer | Special Offer: Get Free Trading + Demat Account for limited time. Get the offer |
Special Offer: 30 days unlimited brokerage credit + Flat Rs 20 per order for Intra-day and F&O. Get the Exclusive Offer |
Minimum Brokerage Charges | 1p per share | 0.05% |
Other Brokerage Charges | ||
Call & Trade Charges | Rs 10 per executed order (max Rs 50 per day) | Rs 20 per trade |
Religare transaction charges for options is 0.06% on Premium while Upstox exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).
Religare | Upstox | |
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Equity Delivery | 0.0037% | NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) |
Equity Intraday | 0.0037% | NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) |
Equity Futures | 0.004% | NSE Rs 200 per Cr (0.002%) |
Equity Options | 0.06% on Premium | NSE Rs 5300 per Cr (0.053%) (on premium) |
Currency Futures | 0.004% | NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%) |
Currency Options | 0.06% on Premium | NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium) |
Commodity | 0.0035% | Group A - Rs 290 per Cr (0.0029%) |
Enquire Religare | Enquire Upstox |
Religare provides the margin of Upto 10x for intraday trades whereas the Upstox margin for intraday cash is 5x.
Religare | Upstox | |
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Equity Delivery | Upto 4x with 24% interest per year | 1x (no margin) |
Equity Intraday | Upto 10x | 5x |
Equity Futures | Upto 3x | 2x |
Equity Options | Upto 3x for shorting | 2x |
Currency Futures | Upto 2x | 2x |
Currency Options | 2x for shorting | 2x |
Commodity Futures | Upto 3x | 2x |
Commodity Options | ||
Enquire Religare | Enquire Upstox |
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 | |
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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 | 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 | ![]() |
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Enquire Religare | Enquire Upstox |
Religare is rated 2.9 of 5 based on 77 customer reviews whereas Upstox is rated 2.5 of 5 based on 107 customer reviews.
Religare | Upstox | |
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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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Enquire Religare | Enquire Upstox |
Religare | Upstox | |
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Pros |
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Cons |
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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. |
Get 30 Days Unlimited TradingJoin over 20 lakh traders. Open an account and get 30 days unlimited brokerage credit. Trade in Intra-day and F&O Trades at flat Rs 20 per order. Request Callback |
Enquire Religare | Enquire Upstox |
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