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Upstox vs Religare Securities – Compare Brokerage Charges, Demat Account & more

Last Updated Date - Aug 28, 2023

Here is a detailed comparison of Upstox vs Religare Securities. This comparison includes all metrics required to give a detailed idea about both the stock brokers. In this comparison we will cover the similarities between Upstox vs Religare Securities along with differences.

Upstox vs Religare Securities

In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

This Upstox vs Religare Securities comparison will give a very detailed overview of which stock broker is suitable for you.


Now let’s Compare Upstox vs Religare Securities:

Overview of Upstox & Religare Securities

Overview Upstox Religare Securities
Company Type Private Public
Broker Type Discount Broker Full Service Broker
Headquarters Mumbai, India Delhi, India
Founder Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath Nitin Aggarwal & Manjushree Nitin Ghodke
Established Year 2011 1984

Upstox vs Religare Securities Customer Ratings Comparison

Customer Ratings Upstox Religare Securities
Experience 8.1 / 10 6.5/10
Products & Services 8.0 / 10 6.4/10
Brokerage Charges & Fees 7.9 / 10 6.5/10
Stock Research & Advisory 9.0 / 10 6.6/10
Trading Platforms 5.0 / 10 6.2/10
Overall Ratings 7.90 / 10 6.5/10
Star Ratings ★★★☆☆ ★★★☆☆
Total Client Reviews 2147 892

Upstox vs Religare Securities Demat Account Comparison

Demat Services Upstox Religare Securities
Depository Source CDSL CDSL & NSDL
Account Opening Charges Rs 0 (Free) Rs.500
Demat AMC Charges Rs 249 Rs 400 from second year onward
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Offline to Online S S

Religare Securities vs Upstox Brokerage Charges Comparison

Brokerage Charge & Fees Upstox Religare Securities
Equity Delivery Trading Zero 0.50% to 0.10%
Equity Intraday Trading Rs.20 per executed order or 0.05% (whichever is lower) 0.050% to 0.010%
Commodity Options Trading Rs.20 per executed order or 0.05% (whichever is lower) 0.05%
Equity Futures Trading Rs.20 per executed order or 0.05% (whichever is lower) 0.05%
Equity Options Trading Flat Rs.20 per executed order Rs 70 per lot
Currency Futures Trading Rs.20 per executed order or 0.05% (whichever is lower) 0.05%
Currency Options Trading Flat Rs.20 per executed order Rs 30 per lot
Minimum Brokerage Rs.20 None
Demat AMC Charges Rs.249 Free or Rs.350 per annum
Trading AMC Charges Rs. 354 Free
Margin Money 75% Margin 75% Margin
Brokerage Calculator Upstox Brokerage Calculator Religare Brokerage Calculator

Religare Securities & Upstox Other Charges Comparison

Other Charges Upstox Religare Securities
Transaction Charges 0.00275% of Total Turnover 0.00370% of Total Turnover
STT 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 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
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 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
SEBI Turnover Charges 0.00005% (Rs. 5/Crore) 0.00005% (Rs. 5/Crore)
Stamp Duty (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) (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)
GST 18% on (Brokerage + Transaction Charge + SEBI Fee) 18% on (Brokerage + Transaction Charge + SEBI Fee)

Compare Religare Securities & Upstox Offers

Offers Upstox Religare Securities
Free Demat Account S R
Free Trading Account R R
Discount on Brokerage R R
Trading Happy Hours S S
Flexible Brokerage Plans S R
1 Month Brokerage Free S S
Holiday Offers S S
Referral Offers S S
Zero Brokerage for Loss Making Trades S S

Compare Services of Upstox vs Religare Securities

Services Upstox Religare Securities
Demat Services R R
Trading Services R R
3 in 1 Account S S
Intraday Services R R
IPO Services R R
Stock Recommendations S R
Robo Advisory R S
PMS S R
Trading Institution S S
Trading Exposure Upto 5x Upto 5x

Compare Religare Securities & Upstox Research & Advisory

Research & Advisory Upstox Religare Securities
Fundamental Reports S R
Research Reports S R
Company Reports S R
Annual Reports S R
Company Stock Review S R
Free Stock Tips S S
IPO Reports S R
Top Picks S R
Daily Market Review S S
Monthly Reports S R
Weekly Reports S R
Offline Advisory S R
Relationship Manager S R

Upstox vs Religare Securities Exposure/Leverage

Exposure / Leverage Upstox Religare Securities
Equity Delivery 1x 1x
Equity Intraday Upto 5x Upto 5x
Equity Futures 1x 1x
Equity Options 1x 1x
Currency Futures 1x 1x
Currency Options 1x 1x
Commodities 1x 1x
Margin Calculator Upstox Margin Calculator Religare Securities Margin Calculator

Upstox vs Religare Securities Product Comparison

Products Upstox Religare Securities
Equity Trading R R
Commodity Trading S R
Currency Trading R R
Options R R
Futures R R
Mutual Funds S R
Forex S S
Banking S S
SIP S R
Insurance S S

Upstox vs Religare Securities Trading Platform Comparison

Trading Platforms Upstox Religare Securities
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform R R
Mobile Site Platform R S
Android App Platform R R
iOS App Platform R R
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R R
News Flash R R
Research Reports R R
Easy Installation R R
Global Indices R R
Stock Tips R R
Personalized Advisory R R
Interactive Charts R R
Live Markets R R
SMS Alerts R R
Email Alerts R R
Multi Account Management R R

Upstox vs Religare Securities Customer Support

Customer Support Upstox Religare Securities
Dedicated Dealer S R
Offline Trading S R
Online Trading R R
24*7 Support S S
Email Support R R
Chat Support S S
Toll Free Number S S
Branches Zero 56

Upstox vs Religare Securities Customer Complaints

Complaints (Current Year) Upstox Religare Securities
Lodged in BSE 185 126
Resolved in BSE 126 85
Lodged in NSE 175 188
Resolved in NSE 139 145

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