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Religare Vs Upstox (Compare Religare and Upstox)


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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


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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
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX
Year of Incorporation 1994 2012
Number of Branches 1500 4
Open an Online Trading Account with Religare.Open an Online Trading Account with Upstox.
Enquire ReligareOpen Upstox Account
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Religare Vs Upstox Charges & AMC

Religare trading account opening charges is Rs 500 while Upstox account opening changes is Rs 249. Religare Demat Account AMC Charges is Rs 400 from second year onward and Upstox Demat Account AMC Charges is Rs 0 (Free).

  Religare Upstox
Trading Account Opening Charges Rs 500 Rs 249
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 0 (Free)
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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 20 per executed order or 2.5% whichever is low 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 0.50% to 0.10% Rs 20 per executed order or 2.5% whichever is low
Equity Intraday 0.050% to 0.010% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.05% Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 70 per lot Rs 20 per executed order
Currency Futures 0.05% Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 30 per lot Rs 20 per executed order
Commodity Futures 0.05% Rs 20 per executed order or 0.05% whichever is lower
Commodity Options 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: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Rs 0 Demat AMC. Open Instant Account online and start trading today.

Religare Charges Vs Upstox

Minimum Brokerage 1p per share 0.05%
Other Charges Auto Square-off Charges: Rs 50
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 ReligareOpen Upstox Account
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Religare Vs Upstox Leverage (Margin)

Religare margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Upstox margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Religare Upstox
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Enquire ReligareOpen Upstox Account
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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 No
Margin Against Shares (Equity Cash) No
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 3:00 PM
Other Features Mutual Fund, EMI Calculator Option strategy builder
Referral Program Yes
Enquire ReligareOpen Upstox Account
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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 119 customer reviews.

  Religare Upstox
  77 Customer Reviews    Rate Religare 119 Customer Reviews    Rate Upstox
Fees 3.2 3.4
Brokerage 3.1 3.5
Trading Platform 3.0 2.6
Customer Service 2.9 2.3
Research Capabilities 3.2 2.3
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 119 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
Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Rs 0 Demat AMC. Open Instant Account online and start trading today.
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Religare Vs Upstox Investment Options

  Religare Upstox
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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
Enquire ReligareOpen Upstox Account
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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 Yes
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.
  • Zero account opening fee.
  • Zero brokerage for trading in Equity Delivery (Cash & Carry).
  • Zero brokerage for Mutual Fund investment.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Offer direct mutual funds.
  • Free trading software for mobile and web browsers.
  • One app for trading in equity, currency, and commodity.
  • Margin Against Share is available
  • 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.
  • It does not offer the 'Good Till Canceled (GTC) order type.
  • It does not offer BTST facility.
  • Unlimited monthly plans not available.
  • No stock tips or recommendations.
  • It charges an additional fee for call & trade.
  • It charges an additional fee of Rs 50 for auto-square-off done by the broker.
  • Higher demat debit transaction charges.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
  • Doesn't offer digital gold.
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.

Flat Rs 20 per Trade Brokerage

  • Pay flat Rs 20 for Equity Delivery, Intra-day and F&O Trades.
  • Pay Rs 0 Brokerage for Mutual Funds.
  • Rs 0 Demat AMC.
  • Trade with the best trading platform.

It is a limited-time offer. Open Instant Account online and start trading the same day.

Enquire ReligareOpen Upstox Account

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