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Religare Stock Trading, Demat, Brokerage and Reviews 2022


24.43% 165,416 Clients

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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 investment services to customers located across India. Religare has physical presence in over 500 cities though its branches and sub-brokers. This makes Religare one of the largest brick and mortar stock broker offering personalize services to over 10 lakh customers.

The services offered by Religare includes trading in equity, equity derivatives, currency derivatives, commodity, demat account and its related services, Mutual Funds, NCD, IPO ect.

Religare is member of BSE, NSE, MCX and NCDEX exchanges. Religare offers demat account service through NSDL and CDSL.

Online Trading though its installable trading terminal, website and mobile trading application are the latest push from the broker to cater do-it-yourself type of customers. Religare offers one of the best online trading platform in India stock market.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Account Types

Religare offers 2-in-1 account which includes an online trading and a demat account to its customers. The trading account is a mandatory account for the customers to buy or sell shares at stock exchanges. The demat accounts is for customer to hold securities in electronic format.

The 2-in-1 online trading account by Religare offers instant trading through web, mobile app & phone.

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


Religare Online Account Opening

To trade in stock or commodity exchanges in India, customer need a trading account. Religare offers trading and demat account combo which offers seamless transactions between these two accounts.

You can open an account with Religare two way:

  1. Online Account Opening - The fastest and most preferable way of account opening which takes just few minutes. With the PAN Number provided, most of customer information is pulled from centralized eKYC systems and filled in the form automatically.
  2. Visiting Branch of Religare - Alternatively you could also visit Religare branch or call them to arrange a form pickup from home.

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Religare Pros and Cons


Religare Pros (Advantages)

The following are the advantages of Religare. You must read Religare advantages and disadvantages before opening an account with Religare. Religare pros and cons help you find if it suits your investment needs.

  1. Offers margin against shares facility to trade on existing demat holding.
  2. Life time AMC free account is available for Rs 2500 onetime payment.
  3. Offers research recommendations and powerful research tools.
  4. Facility is available to fund your account by dropping the check in the branch.

Religare Cons (Disadvantages)

The following are the cons of Religare. Check the list of Religare drawbacks.

  1. Call and Trade is charged at Rs 10 per executed order (maximum Rs 50 per day in a segment).

Religare Margin Exposure

Religare margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Religare F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Religare F&O carry forward positions and equity delivery trades.

SegmentMarginLeverage
Equity Delivery100% of trade value1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure)1x

Religare Ratings

Overall Rating Rated 2.9 stars 2.9/5
Fees Rated 3.2 stars 3.2/5
Brokerage Rated 3.1 stars 3.1/5
Usability Rated 3.0 stars 3.0/5
Customer Service Rated 2.9 stars 2.9/5
Research Capabilities Rated 3.2 stars 3.2/5

Based on 77 Votes by Religare Customers

Do you trade with Religare? Rate Religare


Religare Complaint

The number of Religare customer complaint received by the exchanges. The Religare consumer complaint report helps understanding the Religare quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints** %
NSE 2022-23 167,966 24 0.01%
NSE 2021-22 165,416 64 0.04%
BSE 2021-22 47,165 10 0.02%
NSE 2020-21 132,939 68 0.05%
NSE 2019-20 111,652 47 0.04%
BSE 2019-20 45,697 9 0.02%
NSE 2018-19 162,151 69 0.04%
BSE 2018-19 42,292 4 0.01%
NSE 2017-18 143,892 78 0.05%
BSE 2017-18 75,872 18 0.02%

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit Religare Complaints at BSE, NSE and MCX for detail report.

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


251 Comments

251. ishwar   I Like It. | Report Abuse |   Link | Sep 19, 2022 1:41:35 PM Reply
Very poor service For small solution they will take 15 to 20 days For reactivation they will take 15 to 20 days
250. Swati shah   I Like It. | Report Abuse |   Link | Nov 29, 2021 11:22:20 PM Reply
Very poor service with high brokrage. Its not trusted company. For small solution they will take 3 to 4 months. App was not good. Pick up call service was very worst. Whatever you eran its only for company and if something is in pocket bank will charged you. They do not have proper staff or representative.
249. Dr.Anil Desai   I Like It. | Report Abuse |   Link | Sep 22, 2021 6:49:00 PM Reply
Please do not open in religare.There are so many hidden charges on broakarage . When you want to close the account,they will take 4 to 6 month. Do not belive on religare employee.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
248. KNOWLEDGEHOUSE.LEARNEARN   I Like It. | Report Abuse |   Link | Aug 13, 2021 9:19:34 PM Reply
Religare The Unreliable Services
I have nicked this app as Bullock Cart.
The slowest among the rest in the market.
The recommendations on this App is 25% positive.
The services by this company are crestfallen. The WeCare executives, who respond to the queries over email are awful second-class and their responses are absolutely comatose.
Only two positive things about the app are: The app isn't complicated like the rest and the brokerage is the cheapest 1 paisa.
One of the executives forced me to trade in banknifty 5 times and made a huge loss of Rs.4600. Thereafter, she stopped all the communications with me.
The relationship managers' suggestions work 1 is to 10.
Out of 10 suggestions only 1 works profitable.
Try to avoid using the app and the company services.
247. Pankaj Patil   I Like It. | Report Abuse |   Link | Jun 10, 2020 8:33:18 PM Reply
Hi brokerage rate
I want over all demo video with all function

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Below Average
Research Capabilities - Above Average
Customer Service - Below Average
Overall Experience - Average
246. Rajan Manoharan.P   I Like It. | Report Abuse |   Link | Jun 10, 2020 12:07:19 AM Reply
Recently App shows a good improvement but not User Friendly,
Service support is not good,
Better to switch to some other

Ratings:

Brokerage - Average
Account Maintenance Fees - Below Average
Website Usability - Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Below Average
245. M Rajender rao   I Like It. | Report Abuse |   Link | Jan 20, 2018 7:35:52 AM Reply

Likes:
1)Excellent n timely customer service
Shortcomings:
1)Not offering OFS product online
2)Not having arrangement with Major Public Sector Banks like- BOB/PNB/BOI etc

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Above Average
244. Satish Kumar   I Like It. | Report Abuse |   Link | Mar 20, 2020 10:50:58 PM Reply
Sk13413
243. Rajan   I Like It. | Report Abuse |   Link | Mar 13, 2020 2:50:12 PM Reply
They are charging 0.82% on Cash Delivery from me since Sep 2013. Now they are not willing to reduce it. The calls to relationship manager are not answered. The branch keeps on changing every 2-3 years

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Below Average
Research Capabilities - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
242. Sharmila   I Like It. | Report Abuse |   Link | Nov 17, 2019 11:28:33 AM Reply
They are not giving any valuable leads and they are misleading the clients funds. Basic or beginners, it is not suitable to trade with Religare as they are running with incapability staff and managers. Whenever clients struggled, their support is minimal. They should improve otherwise, they will loose the clients every year.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
241. Dharmendra singh   I Like It. | Report Abuse |   Link | May 11, 2008 2:10:19 PM Reply
worst service provider who could not open my demat acount for last 02 months from Latur branch.an irresponsible behaviour from company.
240. Senmu   I Like It. | Report Abuse |   Link | Jan 16, 2019 5:58:29 PM Reply
Best digitale for small detail incest era
Charged 1paise as nimidam per order

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Above Average
Overall Experience - Above Average
239. Manoj Kumar   I Like It. | Report Abuse |   Link | Apr 1, 2018 9:21:42 AM Reply
mobile trading app not working well.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Average
Overall Experience - Average
238. CHAITALI HEGDE   I Like It. | Report Abuse |   Link | Mar 16, 2018 11:54:09 AM Reply
I dislike almost everything about religare. The worst quality of services one can expect till date.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
237. veenit bhayana   I Like It. | Report Abuse |   Link | Feb 23, 2018 1:49:29 PM Reply
Worst broker in indian stock industry. I had entered my details for account opening as it was mentioned on their website homepage tha AMC is 0 but now they asked 400 AMC or need to pay 1350 one time .I keep getting calls daily...and the customer care guy are really unprofessional and donot possess customer handling skills..Feel sad to provide my contact info...Please stay away from such a unprofessional company.
236. Ankur gupta   I Like It. | Report Abuse |   Link | Jan 13, 2018 4:16:28 PM Reply
CLIENT ID AN4012
BRANCH Noida
dear religare,
i m not happy with ur services,but i m not happy with ur R.M,in Dec 2017 ur RM Ankit Rawat(ankit.rawat@religare.com) opened my account said i will give u .2 /.02 % brokerage delivery/intraday respectively where as promised me,u know i m getting .05/n .5% brokerage in intra n delivery,due to high brokerage charges i m going to close my account i will never recommend to any one of ur broking company.

235. religare user   I Like It. | Report Abuse |   Link | Dec 6, 2017 9:30:57 AM Reply
they need to improve customer care website and app graphs are not coming even after one month complaint looks like research also need to improve. over all experience is average .

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Average
Customer Service - Average
Overall Experience - Average
234. GC Shekar   I Like It. | Report Abuse |   Link | Nov 13, 2017 7:24:52 PM Reply
Staff do not have basic knowledge of charges calculation and are incapable of coming back quick enough for any query

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Below Average
Overall Experience - Very Poor
233. Sunil   I Like It. | Report Abuse |   Link | Oct 12, 2017 7:44:41 PM Reply
Good service

Need to improvement mobile trading app


232. karthick   I Like It. | Report Abuse |   Link | Jul 14, 2017 3:32:22 PM Reply
there are direct & indirect charges. their terminal, mobile app, & their website are too bad to use.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Excellent
Overall Experience - Very Poor

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