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Sharekhan Vs Religare Share Broker Comparison

The side-by-side comparison of Sharekhan and Religare stock brokers in India. The comparison below highlights the similarities and differences between Sharekhan and Religare'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 Sharekhan and Religare.

  Sharekhan Religare
 
Sharekhan Logo Religare Logo
About the Broker Incorporated in February 2000, Sharekhan is India's 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & f... Know more about Sharekhan 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
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX
Account Type Classic Account My Saver Online Plan
Broker Enquiry Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Religare. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Sharekhan Religare
Trading Account Opening Fees ₹0 (Free) ₹500
Trading Account AMC ₹0 (Free) Nil
Demat Account Opening Fees ₹0 (Free) Nil
Demat Account AMC ₹400 (Free for 1st year) ₹400 from second year onward
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Sharekhan Religare
Account Type Classic Account My Saver Online Plan
Fixed Charges
Equity Delivery Brokerage 0.50% 0.50% to 0.10%
Equity Intraday Brokerage 0.10% 0.050% to 0.010%
Equity Futures Brokerage 0.10% 0.05%
Equity Options Brokerage ₹50 per lot ₹70 per lot
Currency Futures Trading Brokerage 0.10% 0.05%
Currency Options Trading Brokerage ₹30 per lot ₹30 per lot
Commodity Futures Trading Brokerage 0.03% 0.05%
Commodity Options Trading Brokerage 0.03% ₹30 per lot

Brokerage Plan 2

  Sharekhan Religare
Account Type Prepaid - ₹1 Lakh My Saver Online Plan
Fixed Charges ₹1,00,000 per year
Equity Delivery Brokerage 0.10% 0.50% to 0.10%
Equity Intraday Brokerage 0.015% 0.050% to 0.010%
Equity Futures Brokerage 0.015% 0.05%
Equity Options Brokerage 0.05% or ₹63 per lot ₹70 per lot
Currency Futures Trading Brokerage 0.05%
Currency Options Trading Brokerage ₹30 per lot
Commodity Futures Trading Brokerage 0.05%
Commodity Options Trading Brokerage ₹30 per lot

Brokerage Plan 3

  Sharekhan Religare
Account Type Margin - ₹1 Lakh My Saver Online Plan
Fixed Charges ₹1,00,000 margin
Equity Delivery Brokerage 0.25% 0.50% to 0.10%
Equity Intraday Brokerage 0.05% 0.050% to 0.010%
Equity Futures Brokerage 0.05% 0.05%
Equity Options Brokerage 1% or ₹70 per lot ₹70 per lot
Currency Futures Trading Brokerage 0.05%
Currency Options Trading Brokerage ₹30 per lot
Commodity Futures Trading Brokerage 0.05%
Commodity Options Trading Brokerage ₹30 per lot

Other Charges

Minimum Brokerage Charges Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share 1p per share
Other Brokerage Charges
Call & Trade Charges Rs 20 ₹10 per executed order (max Rs 50 per day)
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Taxes

  Sharekhan Religare
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

  Sharekhan Religare
Equity Delivery NSE ₹325 | BSE ₹275 0.0037%
Equity Intraday NSE ₹325 | BSE ₹275 0.0037%
Equity Futures NSE ₹190 | BSE ₹50 0.004%
Equity Options NSE ₹5000 | BSE ₹50 0.06% on Premium
Currency Futures NSE ₹135 | MCX ₹130 0.004%
Currency Options NSE ₹4220 | MCX ₹3220 0.06% on Premium
Commodity MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 0.0035%
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Exposure

  Sharekhan Religare
Equity Delivery Upto 5x with 24% interest per year Upto 4x with 24% interest per year
Equity Intraday Upto 10x Upto 10x
Equity Futures 2x Upto 3x
Equity Options Nil Upto 3x for shorting
Currency Futures Nil Upto 2x
Currency Options Nil 2x for shorting
Commodity Upto 2x Upto 3x
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Share Broker Features

  Sharekhan Religare
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform TradeTiger, Sharekhan Mobile Odin Diet, Web, Dynami
Intraday Square-off Time 3:30 PM
Other Features Pattern finder, Class room training Mutual Fund, EMI Calculator
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Broker Ratings (Average User Rating)

  Sharekhan Religare
  277 Customer Reviews    Rate Sharekhan 71 Customer Reviews    Rate Religare
Fees Ratings 3.1 3.2
Trading Brokerage Rating 2.9 3.1
Trading Platform Usability 3.7 3.0
Customer Service Ratings 3.4 3.0
Overall Ratings Rated 3.4 stars Rated 2.9 stars
Broker Rating Sharekhan is Rated 3.4 / 5 based on 277 customer reviews Religare is Rated 2.9 / 5 based on 71 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Religare
Contact / Request Call Back
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Investment Options Available

  Sharekhan Religare
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Loans, NRI Trading
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Customer Service Offered

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

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

  Sharekhan Religare
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Suitable for Investor Category

  Sharekhan Religare
Casual Investor Yes
Active Investor Yes
Trader

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Pros, Cons and Other Review Comments

  Sharekhan Religare
Pros
  • It has a strong network of over 1950 branches across India.
  • The fund transfer from and to the trading account is free.
  • The share transfer from and to the DP account is free when trading from Sharekhan trading account.
  • The 'TradeTiger' is the most popular trading terminal in India.
  • Brokerage Plan "Prepaid AMC schemes" are available for high volume traders.
  • Stock SIP is available.
  • Loan against shares, margin funding, ipo financing and ESOP funding is available.

More Advantages...

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

More Advantages...

Cons
  • Sharekhan doesn't offer 3-in-1 account as it doesn't offer banking services.
  • Sharekhan brokerage is high in comparison to the discount brokers.
  • Sharekhan charges ₹400 as AMC for trading account in addition to ₹400 for demat account.

More Disadvantages...

  • 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...

Reviews
Promo / Offers

Free Trading & Demat Account (for limited time only)

Sharekhan offers FREE Trading + Demat Account (₹1150 waived). You can also avail of attractive trading plans that suit your needs by just paying the AMC charges that are fully adjustable against brokerage. Thereby saving up to 70% on brokerage.

This is a limited time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.

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.

Enquire about Sharekhan Enquire about Religare
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