Religare Vs Zerodha (Compare Religare and Zerodha)

The side-by-side comparison of Religare and Zerodha. Compare Religare Vs Zerodha brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Religare vs Zerodha?


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


Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges ₹0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat ₹20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is ₹20 for an order (of any size, amount or segment). Zerodha ... Know more about Zerodha

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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 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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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
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Religare Vs Zerodha Brokerage Charges & Plans

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
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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 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) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Odin Diet, Web, Dynami Kite Web, Kite Mobile for Android/iOS and Coin
Intraday Square-off Time Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close
Other Features Mutual Fund, EMI Calculator Direct Mutual Funds, APIs for Algo Trading
Referral Program Yes
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Religare Vs Zerodha Review

Religare is rated 2.9 of 5 based on 76 customer reviews whereas Zerodha is rated 3.7 of 5 based on 398 customer reviews.

  Religare Zerodha
  76 Customer Reviews    Rate Religare 398 Customer Reviews    Rate Zerodha
Fees 3.2 3.8
Trading Brokerage 3.1 4.3
Trading Platform Usability 3.0 3.6
Customer Service 2.9 3.4
Research Capabilities 3.3 2.5
Overall Ratings Rated 2.9 stars Rated 3.7 stars
Broker Rating Religare is rated 2.9 of 5 based on 76 customer reviews Zerodha is rated 3.7 of 5 based on 398 customer reviews
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Contact Broker / Request A Call Back

  Religare Enquire Zerodha Enquire
Contact Broker

Get Free Trading + Demat Account for limited time. Get the offer

Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

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Religare Vs Zerodha Investment Options

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

  Religare Zerodha
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
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Religare Vs Zerodha Research Report

  Religare Zerodha
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Religare Vs Zerodha Suitable For Investor Type

  Religare Zerodha
Casual Investor
Active Investor Yes
Trader Yes
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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

Free Trading + Demat Account

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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