Religare Securities is one of the top-most broker houses in the country with a good number of years of experience. They have been managing the profile of a vast amount of clients and providing seamless services to the traders. The broker house charges less as their fee and offers the best products in the market.
This article will give you a detailed Religare Securities Review that will solve many queries that you have about the company. Here you will find information about the brokerage charges, account opening procedure, offers, products, services, trading platforms, customer care support, exposure, ratings, etc. of Religare Securities.
|Religare Securities Highlights|
|Broker Type||Full-Service Broker|
|Demat Account AMC||Rs 400 from the second year onward|
|Margin Required||75% Margin|
|Intraday Brokerage||0.050% to 0.010%|
|Delivery Brokerage||0.50% to 0.10%|
What do you know about Religare Securities?
In this portion of Religare Securities Reviews, we will discuss the profile of the broker house. It is a public-based company with headquarters in Delhi, India.
Religare Securities is a full-service brokerage house that has brought in a lot of innovation in the business procedure. The brokerage house was established by Mr. Nitin Aggarwal & Manjushree Nitin Ghodke in 1984 and had been providing incomparable services since then.
|About Religare Securities|
|Know a few details about Religare Securities|
|Which type of Company is it? – Public / Private||Public|
|Which type of Broker is it? – Full Service / Discount||Full-Service Broker|
|Where is the registered office of the Company Located?||Delhi, India|
|Who is the Founder of this Company?||Nitin Aggarwal & Manjushree Nitin Ghodke|
|When did the company start?||1984|
Open Demat Account Now – Fill up the Form Below
What are the various Demat Account Opening Charges levied by Religare Securities?
You will have to pay a nominal charge to Open Religare Securities Demat Account. This broker house is registered with the Depository Participants CDSL and NSDL.
Religare Securities Trading Account Opening charge is Rs. 500 only. The AMC that a DEMAT account holder has to pay is Rs. 400 every year. There is no maintenance charge for the trading account, and the company does not offer the service of dematerialization — a minimum of 75% Margin has to be maintained with the company as the initial margin amount.
|Religare Securities Demat Account Opening Fees|
|Check out the various fees charged for Opening a Demat Account with Religare Securities|
|Which is the Depository Participant involved?||CDSL & NSDL|
|What are the Demat account opening charges?||NIL|
|How much is the Demat AMC?||Rs 400 from the second year onward|
|What is the Trading AMC?||NIL|
|What is the initial Margin amount required?||75% Margin|
|Is dematerialization available?||No|
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Does Religare Securities provide any Offers to their Clients?
Yes, the broker house provides some decent offers to the traders. The Religare Securities Offers include free Trading and a DEMAT account.
They offer the right amount of discount on brokerage charges. Religare Securities also offer the facility of flexible brokerage plans.
|Religare Securities Offers|
|Here are the various offers provided by Religare Securities|
|Does the broker provide a Free Demat A/C offer?||Yes|
|Does the broker provide Free Trading A/C offer?||No|
|Is this broker offers a Discount on Brokerage?||Yes|
|Does the broker offer Happy hour trading to their clients?||No|
|Is the broking house provides a flexible brokerage plan?||Yes|
|Does the broker offer 1-month Free brokerage?||No|
|Are the Holiday offers provided by the broker?||No|
|Are there any referral offers shared by the broker?||No|
|Zero Brokerage for Loss-Making Trades||No|
What are the Brokerage Charges levied by Religare Securities on various Segments?
Religare Securities Brokerage Charges are quite nominal in comparison to other brokerage houses. The brokerage on equity delivery is 0.50% to 0.10%, and that for equity intraday is between 0.050% to 0.010%.
The broker house charges 0.05% or Rs 30 per lot for trading commodity and equity futures each. The brokerage on a single lot of equity options is Rs. 70. A charge of 0.05% is levied on currency futures.
Rs. 10 is charged for one lot of currency options. Religare Securities charges brokerage as per the transactions taking place.
|Religare Securities Brokerage Charges|
|Here you will find details of brokerage levied by Religare Securities on all segments|
|What are the Equity Delivery Charges?||0.50% to 0.10%|
|What are the Equity Intraday Charges?||0.050% to 0.010%|
|How much brokerage charged for Commodity Trading?||0.05% or Rs 30 per lot|
|What is the brokerage on Equity Futures?||0.05%|
|How much brokerage charged for Equity Options?||Rs 70 per lot|
|What is the brokerage on Currency Futures?||0.05%|
|What is the brokerage on Currency Options?||Rs 30 per lot|
|How much is the Minimum Brokerage required?||As per Transaction|
|What is the Demat AMC?||Free or Rs.300 per annum|
|How much is the Trading AMC?||Free|
|What is the Minimum Margin Required?||75% Margin|
Does Religare Securities levy any other charges apart from Brokerage?
Yes, like any other broker house, there are certain Religare Securities Charges besides brokerage. The company levies a transaction charge of 0.0037% of the total return.
The STT charge is 0.0126%, and the SEBI turnover charge is only 0.0002%. Religare Securities levies a very small amount of Stamp Duty and that varies with states. They charge a flat 18% of GST on brokerage and transaction charges.
|Religare Securities Charges|
|Get a deep understanding of all other charges levied by Religare Securities|
|How much are the Transaction Charges levied?||0.00370% of Total Turnover|
|What are the STT charges?||Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
*Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on the sell side (Non-Agri)
Commodity Options: 0.05% on sell-side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell-side
|What are the SEBI Turnover charges?||0.00005% (₹5/Crore)|
|How much is the Stamp Duty levied?||(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)|
|How are the GST charged?||18% on (Brokerage + Transaction Charge + SEBI Fee)|
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What is the Limit or Exposure offered by Religare Securities?
Religare Securities Exposure on equity delivery is up to 10 times. The limit on equity intraday provided by the broker house is as high as 5 times and that on equity futures is up to 1 time. Religare Securities Margin on equity options is the same as equity futures, and that is up to 1 time.
Leverage offered on currency futures is up to 1 time and on currency options is up to 1 time. The limit allowed by the broker house on commodity trading is as high as 1 time.
|Religare Securities Exposure or Leverage|
|Here you will find the exposure or limit provided by Religare Securities|
|How much is the limit on Equity Delivery?||1x|
|What is the limit on Equity Intraday?||Upto 5x|
|How much is the limit on Equity Futures?||1x|
|What is the limit on Equity Options?||1x|
|What is the exposure on Currency Futures?||1x|
|How much is the leverage on Currency Options?||1x|
|What is the limit on Commodity Trading?||1x|
How to Open Religare Securities Demat & Trading Account?
The steps to Open Religare Securities Demat Account or trading account are quite simple and can be completed very easily. You can get it done from your personal computer with the help of an internet connection. Thus, there is no need for visiting any branch or standing in a long queue for hours. The account can be created right from your drawing room. The steps for opening a DEMAT account are mentioned as follows:
- There is a button on the bottom portion of this page which you will have to click
- A new page will get opened which will help you open the DEMAT account
- Fill up the form that is attached to the page
- After submitting the form you will have to upload your documents for the KYC verification process held by the company
- For your KYC verification, you will have to scan and upload the original documents of your AADHAAR card, Voter ID card, PAN card, address proof, age proof, bank account statement, and some more
- After your KYC verification has been completed the executives from Religare Securities will call you up ad guide you through the remaining the procedure
- Your DEMAT account will get activated once the whole of procedure is completed
You need to follow all the above steps to Open Religare Securities Trading Account
Open Demat Account Now – Fill up the Form Below
What are the various Trading Platforms provided by Religare Securities?
Religare Securities Trading Platforms are widely used by traders as they have got many beneficial features. Top IT professionals have designed them, and thus, they can be relied upon blindly. The trading platforms maintained by Religare Securities are as follows:
Religare Securities Trading Terminal
The company has trading terminals for both Windows and Mac operating system-based computers. This means that you can access Religare Securities Trading Terminal from your laptop very easily
Religare Securities Web Trading Platform: Religare Broking Web
Religare Securities maintains web-based trading platforms only for computers. This trading platform is very fast and can be accessed from any browser
Religare Securities Mobile App: Religare Dynami App
Religare Securities Trading App can be used very easily for accessing any feature it has. The app is compatible with both Android and iOS Smartphones
|Religare Securities Trading Platforms|
|Here you will find all the important trading platforms available with Religare Securities|
|Do they have Trading Terminals for Windows?||Yes|
|Do they have Trading Terminals for Mac?||Yes|
|Are they providing a Web Trading Platform?||Yes|
|Do they have a Mobile Web Platform?||No|
|Does this broker provide Mobile Trading App for Android?||Yes|
|Does this broker provide Mobile Trading App for iOS?||Yes|
|Are they having Mobile App for Windows OS?||No|
|Do they have Mobile Trading App for Other OS?||No|
What are the features available in Religare Securities Trading Applications?
The trading platforms maintained by Religare Securities are equipped with all the possible features that an application of this category should have. Learn about the features mentioned below:
The Religare Securities Trading Terminal Features
- The trading terminal can provide updates of the present time
- Clients can check their portfolio in detail through this software
- Traders can purchase mutual funds over the internet
- It has got the feature of a news flash that provides the latest news of the market
- Religare Securities provides research reports through the software
- This software is flexible and can be easily installed on a desktop or computer
- Religare Securities Trading Terminalhelps clients by providing tips on stocks
- Traders can get important alerts regarding stocks through this trading terminal
- Religare Securities provides the facility of managing multiple accounts through this software
Web Trading PlatformReligare Securities: Religare Broking Web Features
- Traders can easily trade in mutual funds with the help of the web trading platform
- Religare Securities Web Trading Platform helps by sharing the present update of the stock market
- It can offer the facility of interactive charting
- A trader can have multiple trading accounts with the company, and he can manage them effortlessly through this trading platform
- It also provides a research report like the trading terminal of the broker house
- Multiple trading accounts of clients can be managed through this web trading platform
- It is very flexible and can be operated at lower bandwidth
- There are provisions for SMS alerts and email alerts through this trading platform
Religare Securities Mobile App: Religare Dynami App Features
- This trading app can provide live data on the stock market
- It can be accessed from all types of Smartphones that are based on Android or iOS
- Traders can seek advice directly from the broker house through this app
- Religare Securities Trading App has useful features like Global Indices and news flash
- This trading platform also allows multiple account management like the other two platforms of Religare Securities
- The broker house shares research reports through this app
- Traders can get SMS and email alerts of various market updates on their Smartphone
|Religare Securities Trading Application Features|
|Here you will find various features available in Trading Platforms provided by Religare Securities|
|Are these platforms capable of Real-time Updates?||Yes|
|Do these Applications provide Portfolio Details?||Yes|
|Is this software providing Online MF Buy?||Yes|
|Do these platforms have News Flash?||Yes|
|Are these platforms providing Research Reports?||Yes|
|Are these platforms Easy to Install & use?||Yes|
|Do these Apps have Global Indices?||Yes|
|Are these platforms having Stock Tips?||Yes|
|Does this software provide Personalized Advisory?||Yes|
|Are these platforms capable of Interactive charting?||Yes|
|Do these Apps provide Live Markets data?||Yes|
|Do they provide SMS Alerts?||Yes|
|Are they providing Email Alerts?||Yes|
|Do these platforms have Multi-Account Management solution?||Yes|
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What are the various Products provided by Religare Securities?
Religare Securities Products are well-researched and are very profitable. The list of products offered by the company includes equity, commodity, currency, options, and futures. Traders can also buy mutual funds from the company. Religare Securities offers the facility of SIP to its clients.
|Religare Securities Products|
|Here are the various products provided by Religare Securities|
|Does the broker allow Equity Trading?||Yes|
|Does the broker allow Commodity Trading?||Yes|
|Do they have Currency Trading products available?||Yes|
|Do they provide Options trading?||Yes|
|Are the clients allowed to trade in Futures?||Yes|
|Do they have Mutual Funds as a product?||Yes|
|Does the broker allow Forex trading?||No|
|Does the broker have Banking products?||No|
|Is SIP allowed by the broker?||Yes|
|Do they have Insurance as a Product?||No|
What are the various Services offered by Religare Securities?
Religare Securities Services are many, and all are designed to provide the maximum amount of benefit to the traders. The broker house provides the facilities of DEMAT and Trading services. They have useful services like intraday and IPO.
Religare Securities gives useful stock recommendations to clients. They offer PMS, that is, Portfolio Management Service. Traders get a very high trading exposure that can reach up to 5 times.
|Religare Securities Services|
|Check out the various services provided by it|
|Does the broking house provide Demat Services?||Yes|
|Does the broking house provide Trading Services?||Yes|
|Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C?||No|
|Do they provide Intraday Services?||Yes|
|Are they offering IPO Services to the client?||Yes|
|Do they have Stock Recommendations available?||Yes|
|Are they providing tools for Robo Advisory?||No|
|Does the broker provide PMS?||Yes|
|Do they have Trading Institution available?||No|
|What is the Trading Exposure this broker provides?||Upto 5x|
Does Religare Securities provide Research & Advisory to their clients?
Yes, Religare Securities provides a good deal of research and advisory to its clients. It shares fundamental reports with the clients, along with company reports.
Religare Securities Research reports are provided to the traders. They analyze the annual reports of other companies and share them with the clients. Traders get to view the stock review done by the broker house. Religare Securities Tips on stocks are not available for free, but the company shares IPO reports.
They provide top picks from the market and share the review of the market daily. Clients get the facility of viewing monthly reports from Religare Securities and also weekly reports. Religare Securities Advisory can be availed by the clients being offline, and they can also get the assistance of a Relationship Manager.
|Religare Securities Research, Advisory & Stock Tips|
|Here are the various research activities are done by it|
|Does the broker share Fundamental Reports?||Yes|
|Does the broker share Research Reports?||Yes|
|Do they provide Company Reports to their clients?||Yes|
|Are they analyzing the Annual Reports of Companies?||Yes|
|Do they share Company Stock Reviews?||Yes|
|Are they sharing Free Stock Tips with their clients?||No|
|Do they analyze & share IPO Reports?||Yes|
|Does the broking company provide Top Picks?||Yes|
|Are they sharing Daily Market Review?||No|
|Do they have Monthly Reports?||Yes|
|Does the broker provide Weekly Reports?||Yes|
|Are they having Offline Advisory?||Yes|
|Do they provide Relationship Managers to clients?||Yes|
What are the Customer Care details of Religare Securities?
Religare Securities Customer Care is available 24 hours a day and offers a decent amount of assistance to the traders. They provide dedicated dealers to the clients trading with them. Traders get the facilities of trading both online and offline with equal ease.
Religare Securities maintain 56 branches all across the country that has experienced professionals who provide excellent service to the clients visiting them.
|Religare Securities Customer Support|
|Let’s have a better understanding of Customer Care Service|
|Are they providing Dedicated dealers to their clients?||Yes|
|Do they allow Offline Trading?||Yes|
|Do they have facilities for Online Trading?||Yes|
|Are they providing 24*7 Support?||Yes|
|Does this broker provide Email Support?||No|
|Is this broker having Chat Support?||No|
|How many Branches the stock broker has?||56|
Are there any Complaints filed against Religare Securities by their clients?
Religare Securities Complaints lodged in BSE are 126 out of which 85 have been solved till now. The number of complaints registered in NSE is 188 and 145 are resolved them.
|Religare Securities Complaints|
|Here you will know about the Complaints lodged against it|
|What is the total number of Complaints Lodged in BSE?||126|
|How many of these complaints have been Resolved in BSE?||85|
|What is the total number of Complaints Lodged in NSE?||188|
|How many of these complaints have been Resolved in NSE?||145|
What are the Advantages / Benefits of Religare Securities Trading Account?
- The company levies a less amount of brokerage charge on various segments
- It is effortless to operate the Religare Securities Trading Account, and it is free from AMC
- The company offers a higher amount of exposure to trading various products
- Religare Securities has flexible brokerage plans that help traders in trading according to their convenience
- The customer support team is available 24*7 to provide any assistance to the traders in trading
- They have three trading platforms, and all of them are loaded with brilliant features
- Religare Securities offers discounts on their brokerage charges
What are the Religare Securities Review & Ratings as per their Customer?
As per the Religare Securities Ratings from the customers, they have received 6.5 points for their research and advisory support. The brokerage charges have fetched 6.4 points, and the products and services offered by the company have earned 6.5 points.
The clients have awarded all the trading platforms maintained by the company 6.6 points. 6.2 points have been given to the experience the broking house has.
The company has received an average rating of 6.5 points along with three stars. To complete this Religare Securities Review, 892 people have helped with their opinions about the broker house.
|Religare Securities Ratings & Reviews|
|We are looking at Companies’ Ratings on various parameters|
|Stock Market Research & Broking Advisory||6.5/10|
|Brokerage & other Charges like – Turnover, Transaction Charges, etc.||6.4/10|
|Types of Products & Services the Brand provides||6.5/10|
|Performance Mobile App, Trading Terminal & Web Trading Platform||6.6/10|
|Experience in the Broking Business||6.2/10|
|Total Avg. Rating of Broking House||6.5/10|
|Star Rating given to Stock Broker||★★★☆☆|
|Number of People Contributed to These Ratings||892|
Religare Securities Conclusion
After reading the whole Religare Securities Review, you must have understood the business strategies of the company in detail. They offer a great deal of support to the traders.
If you want to trade with Religare Securities, then open a DEMAT or trading account at the earliest.
Open Demat Account Now – Fill up the Form Below