Religare Vs Upstox (Compare Religare and Upstox)

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
	Enquire Religare	Enquire Upstox

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

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 Religare	Enquire 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

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
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
Referral Program
	Enquire Religare	Enquire Upstox

Religare Vs Upstox Review

Religare is rated 2.9 of 5 based on 76 customer reviews whereas Upstox is rated 2.5 of 5 based on 96 customer reviews.

	Religare	Upstox
	76 Customer Reviews	96 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Religare is rated 2.9 of 5 based on 76 customer reviews	Upstox is rated 2.5 of 5 based on 96 customer reviews

Religare Vs Upstox Investment Options

	Religare	Upstox
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Religare Vs Upstox Order Type Offered

	Religare	Upstox
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Enquire Religare	Enquire Upstox

Religare Vs Upstox Research Report

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

Religare Vs Upstox Suitable For Investor Type

	Religare	Upstox
Casual Investor
Active Investor
Trader

Religare Vs Upstox - Pros and Cons

	Religare	Upstox
Pros	3 to 4 times exposure is given in cash as well as F&O segment.	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. 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. Doesn't offer BTST facility.
Reviews
Promo / Offers	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
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