Religare Vs Zerodha (Compare Religare and Zerodha)

Religare Vs Zerodha

Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 branches across India. Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India.

	Religare	Zerodha
Type of Broker	Full Service Broker	Discount Broker
Supported Exchnages	BSE, NSE, MCX	NSE, BSE, MCX and NCDEX
Account Type	My Saver Online Plan	Flat Brokerage Plan
Year of Incorporation	1994	2010
Number of Branches	1500	22
Broker Enquiry
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Religare Vs Zerodha Charges & AMC

Religare trading account opening charges is ₹500 while Zerodha account opening changes is ₹200. Religare Demat Account AMC Charges is ₹400 from second year onward and Zerodha Demat Account AMC Charges is ₹300.

	Religare	Zerodha
Trading Account Opening Charges	₹500	₹200
Trading Account AMC Charges	Nil	₹0 (Free)
Demat Account Opening Charges	Nil	₹0
Demat Account AMC Charges	₹400 from second year onward	₹300

Religare Vs Zerodha Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% whereas Zerodha brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or .03% whichever is lower.

	Religare	Zerodha
Account Type	My Saver Online Plan	Flat Brokerage Plan
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 .03% whichever is lower
Equity Futures Brokerage	0.05%	₹20 per executed order or .03% whichever is lower
Equity Options Brokerage	₹70 per lot	₹20 per executed order
Currency Futures Trading Brokerage	0.05%	₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage	₹30 per lot	₹20 per executed order or .03% whichever is lower
Commodity Futures Trading Brokerage	0.05%	₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage	₹30 per lot	₹20 per executed order or .03% whichever is lower
Special Offer	Special Offer: Get Free Trading + Demat Account for limited time. Get the offer	Special Offer: Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

Religare Charges Vs Zerodha

Minimum Brokerage Charges	1p per share	0.03% in Intraday and F&O
Other Brokerage Charges		Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges	₹10 per executed order (max ₹50 per day)	₹50 per executed order

Religare Vs Zerodha Transaction Charges

Religare transaction charges for options is 0.06% on Premium while Zerodha exchange transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium).

	Religare	Zerodha
Equity Delivery	0.0037%	NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Intraday	0.0037%	NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Futures	0.004%	NSE ₹190 per Cr (0.0019%)
Equity Options	0.06% on Premium	NSE ₹5000 per Cr (0.05%) (on premium)
Currency Futures	0.004%	NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
Currency Options	0.06% on Premium	NSE ₹3500 per Cr (0.035%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity	0.0035%	Group A - ₹260 per Cr (0.0026%)
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Religare Vs Zerodha Leverage (Margin)

Religare provides the margin of Upto 10x for intraday trades whereas the Zerodha margin for intraday cash is Up to 20x (based on the stock).

	Religare	Zerodha
Equity Delivery	Upto 4x with 24% interest per year	1x (no margin)
Equity Intraday	Upto 10x	Up to 20x (based on the stock)
Equity Futures	Upto 3x	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options	Upto 3x for shorting	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures	Upto 2x	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options	2x for shorting	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures	Upto 3x	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity Options
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Compare Religare and Zerodha Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. Zerodha offers Kite Web, Kite Mobile for Android/iOS and Coin trading software.

	Religare	Zerodha
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	Kite Web, Kite Mobile for Android/iOS and Coin
Intraday Square-off Time		3:10 PM
Other Features	Mutual Fund, EMI Calculator	Direct Mutual Funds, APIs for Algo Trading
Referral Program
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Religare Vs Zerodha Review

Religare is rated 2.9 of 5 based on 75 customer reviews whereas Zerodha is rated 3.7 of 5 based on 392 customer reviews.

	Religare	Zerodha
	75 Customer Reviews	392 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 75 customer reviews	Zerodha is rated 3.7 of 5 based on 392 customer reviews

Religare Vs Zerodha Investment Options

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

Religare Vs Zerodha Order Type Offered

	Religare	Zerodha
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Religare Vs Zerodha Research Report

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

Religare Vs Zerodha Suitable For Investor Type

	Religare	Zerodha
Casual Investor
Active Investor
Trader

Religare Vs Zerodha - Pros and Cons

	Religare	Zerodha
Pros	3 to 4 times exposure is given in cash as well as F&O segment.	Free equity delivery trades. No brokerage charges for Cash-N-Carry orders. Excellent trading platforms (Kite) available for free. Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX). Brokerage is 0.03% or ₹20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges. Direct Mutual Fund Investment is available. Over 10 lakha+ active customers and 10% of daily volume at BSE, NSE and MCX. Zerodha Referral Program offers 10% broekrage share to clients you refer. Good Till Triggered (GTT) order are available. These are simillar to GTC orders.
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).	Doesn't provide stock tips, research reports or recommendations. Call & Trade is charged at extra ₹50 order. Auto Square off is charged at extra ₹50 order. Doesn't offer 3-in-1 account. Doesn't offer unlimited trading plans. Doesn't offer AMC Free Demat account.
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 Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.
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