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Religare Stock Trading, Demat, Brokerage and Reviews 2023

-2.07% 133,198 Clients

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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.

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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:

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.
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.

Offers margin against shares facility to trade on existing demat holding.
Life time AMC free account is available for Rs 2500 onetime payment.
Offers research recommendations and powerful research tools.
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.

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.

Segment	Margin	Leverage
Equity Delivery	100% of trade value	1x
Equity Intraday	Up to 20% of trade value	5x
F&O (Equity, Currency and Commodities)	100% of NRML margin (Span + Exposure)	1x

Religare Ratings

Overall Rating	2.9/5
Fees	3.2/5
Brokerage	3.1/5
Usability	3.0/5
Customer Service	2.9/5
Research Capabilities	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	2023-24	135,909	54	0.04%
BSE	2023-24	23,318	2	0.01%
NSE	2022-23	136,020	79	0.06%
BSE	2022-23	51,181	1	0%
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%

* 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.

Religare Reviews

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254 Comments

254. S. Ghosh

| Link|August 5, 2023 4:11:52 PMReply

Overall very bad. And steal money in different ways. Do not business with them.Customer care, dealer very poor service.

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

253. Vimala

| Link|July 26, 2023 4:43:07 PMReply

Very bad experience & poor customer support system. Don't get trapped

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

252. Shanawar

| Link|July 14, 2023 6:55:00 PMReply

religare provides worst service

251. Puneet

| Link|May 17, 2023 12:33:34 PMReply

Very pathetic service in every segment

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

250. ishwar

| Link|September 19, 2022 2:41:35 PMReply

Very poor service For small solution they will take 15 to 20 days For reactivation they will take 15 to 20 days

249. Swati shah

| Link|November 30, 2021 12:22:20 AMReply

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.

248. Dr.Anil Desai

| Link|September 22, 2021 7:49:00 PMReply

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

247. KNOWLEDGEHOUSE.LEARNEARN

| Link|August 13, 2021 10:19:34 PMReply

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.

246. Pankaj Patil

| Link|June 10, 2020 9:33:18 PMReply

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

245. Rajan Manoharan.P

| Link|June 10, 2020 1:07:19 AMReply

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

244. M Rajender rao

| Link|January 20, 2018 8:35:52 AMReply

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

243. Satish Kumar

| Link|March 20, 2020 11:50:58 PMReply

Sk13413

242. Rajan

| Link|March 13, 2020 3:50:12 PMReply

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

241. Sharmila

| Link|November 17, 2019 12:28:33 PMReply

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

240. Dharmendra singh

| Link|May 11, 2008 3:10:19 PMReply

worst service provider who could not open my demat acount for last 02 months from Latur branch.an irresponsible behaviour from company.

239. Senmu

| Link|January 16, 2019 6:58:29 PMReply

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

238. Manoj Kumar

| Link|April 1, 2018 10:21:42 AMReply

mobile trading app not working well.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Average
Overall Experience - Average

237. CHAITALI HEGDE

| Link|March 16, 2018 12:54:09 PMReply

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

236. veenit bhayana

| Link|February 23, 2018 2:49:29 PMReply

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.

235. Ankur gupta

| Link|January 13, 2018 5:16:28 PMReply

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.

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