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Religare Vs Zerodha Share Broker Comparison

The side-by-side comparison of Religare and Zerodha stock brokers in India. The comparison below highlights the similarities and differences between Religare and Zerodha's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Religare and Zerodha.

  Religare Zerodha
 
Religare Logo Zerodha Logo
About the Broker 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 s... Know more about Religare Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed... Know more about Zerodha
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX NSE, BSE, MCX and NCDEX
Account Type My Saver Online Plan Standard Plan
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 Zerodha. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Religare Zerodha
Trading Account Opening Fees ₹500 ₹300
Trading Account AMC Nil ₹0 (Free)
Demat Account Opening Fees Nil ₹100
Demat Account AMC ₹400 from second year onward ₹300
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Religare Zerodha
Account Type My Saver Online Plan Standard 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 .01% whichever is lower
Equity Futures Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹70 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹30 per lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹30 per lot ₹20 per executed order or .01% whichever is lower

Other Charges

Minimum Brokerage Charges 1p per share ₹0
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges ₹10 per executed order (max Rs 50 per day) ₹20 per executed order
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Taxes

  Religare Zerodha
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  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%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Options 0.06% on Premium NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (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 ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity 0.0035% Group A - ₹260 per Cr (0.0026%)
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Exposure

  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 Upto 3x Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
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Share Broker Features

  Religare Zerodha
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Odin Diet, Web, Dynami Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile
Intraday Square-off Time 3:10 PM
Other Features Mutual Fund, EMI Calculator Direct Mutual Funds, APIs
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Broker Ratings (Average User Rating)

  Religare Zerodha
  71 Customer Reviews    Rate Religare 330 Customer Reviews    Rate Zerodha
Fees Ratings 3.2 3.8
Trading Brokerage Rating 3.1 4.4
Trading Platform Usability 3.0 3.6
Customer Service Ratings 3.0 3.5
Overall Ratings Rated 2.9 stars Rated 3.7 stars
Broker Rating Religare is Rated 2.9 / 5 based on 71 customer reviews Zerodha is Rated 3.7 / 5 based on 330 customer reviews
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Contact Broker / Request A Call Back

  Religare Zerodha
Contact / Request Call Back
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Investment Options Available

  Religare Zerodha
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options
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Customer Service Offered

  Religare Zerodha
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes No
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Order Type

  Religare Zerodha
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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Research / Tips / Reports Published

  Religare Zerodha
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  Religare Zerodha
Casual Investor
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Religare Zerodha
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.

More Advantages...

  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms made available for free to all its customers.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • 10% referral credit for reffering new customers.
  • Direct Mutual Fund Investment is available.
  • Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.

More Advantages...

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).

More Disadvantages...

  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, Bond and NCD's public offers.
  • Margin funding is not available.
  • GTC/GTD not available in Equity.

More Disadvantages...

Reviews Useful Articles about Zerodha:
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.

Truly 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.

Enquire about Religare Enquire about Zerodha
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