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 Default
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.
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Religare Vs Upstox Charges & AMC

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
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
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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 Rs 0 (Free) and intraday is Rs 20 per executed order or 0.05% whichever is lower.

  Religare Upstox
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

Religare Charges Vs Upstox

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
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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 Rs 5300 per Cr (0.053%) (on premium).

  Religare Upstox
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 ReligareEnquire Upstox
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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 5x.

  Religare Upstox
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
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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
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Religare Vs Upstox Review

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
  77 Customer Reviews    Rate Religare 107 Customer Reviews    Rate Upstox
Fees 3.2 3.5
Trading Brokerage 3.1 3.5
Trading Platform Usability 3.0 2.7
Customer Service 2.9 2.4
Research Capabilities 3.2 2.4
Overall Ratings Rated 2.9 stars Rated 2.5 stars
Broker Rating Religare is rated 2.9 of 5 based on 77 customer reviews Upstox is rated 2.5 of 5 based on 107 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

30 days unlimited brokerage credit + Flat Rs 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 No
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) No
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 Rs 999 per annum.
  • Call and Trade is charged at Rs 10 per executed order (maximum Rs 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

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.

Get 30 Days Unlimited Trading

Join 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 ReligareEnquire Upstox

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