Religare Intraday Trading – Benefits, Process, Charges, Margin & more

Religare Online is a part of REL or Religare Enterprise Ltd., one of the most dynamic financial service providers in the country. It has diversified financial products and services with Religare Intraday Trading as a core service.

Religare Broking Ltd. is counted among the top retail brokerage house in the multi-asset class segment.

Being a member of NSE, BSE, USE, MCX-SX, and other exchanges offers a wide range of investment options for daily trading.

In this article, you will read about Religare Intraday services’ various features and benefits. We will also discuss the various charges – brokerage and other charges associated with the intraday service offered by the firm.

You will also find the details about the process you need to follow to start trading on an intraday basis using the intraday services of Religare Securities.

This article will analyze the exposure level provided by Religare Securities to its intraday clients and how it can benefit the intraday trading of the clients. It will help you decide about the brokerage house.

Religare Intraday Trading & Benefits

Here, in this section, you will find the details related to the features and benefits of the Religare Intraday Trading services.

The firm is reputed among the Best Day Trading Brokers for its exceptional intraday and other financial services. We will elaborate on the benefits of an intraday trader trading on the Religare Platform:

• Religare Securities offers a margin trading facility where you can trade against those shares daily, exceeding the amount you have in the trading account.
• Religare Securities is known for its research and analysis and advisory services. It provides Religare Intraday Tips that are to the point and accurate and counts profit for the client most of the time. They also offer highly powerful tools for research that intraday traders can use on their own and trade.
• Talking about the powerful research tools, the trading platforms of Religare are incredibly well-designed, and the performance of the platforms is really up to the mark.
• It offers different trading platforms that can be used for intraday trading. You can use the trading terminal and the mobile trading platforms, whichever suits your requirement.
• It offers competitive brokerage plans, and for intraday trading, you need a reasonable brokerage plan as it is a daily affair.
• A relationship manager is offered for all your investments. You can also opt for a call & trade option if you cannot trade from the terminal or other platform.
• The firm has been awarded for being one of the most aspiring brokerage houses in the business’s technology and digital growth segment.
• You can study in detail about Religare Securities and its diversified operations from the Religare Securities Review.

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How to do Intraday Trading in Religare Securities?

Intraday Trading in Religare Securities can be started by following these few steps.

• Open the Demat and trading account with Religare Securities Ltd. For the same, you need to click on the green button “Open Demat Account,” and a form will open. Please fill out the form and submit it with the required details.
• Then you will get a call from the Religare associates, and they will guide you about the different brokerage plans they have, and you need to choose one. Once you choose the plan and make the payment accordingly, your account will be opened after verifying the documents you have uploaded.
• After the account opening, you need to log in using the user id and password you get in your registered mail id. There you will find the download link for the trading terminal. Once you download and install the software on your computer, you need to log in to the platform and create the market watch.
• Create the market watchlist by searching for the stocks you want to add to the list. Once the watchlist is created, you can see all the stock prices’ movements on the screen throughout the day and buy and sell stocks from the market watchlist itself.
• Do not forget to tap on the “Intraday Trading or Day trade” option while placing the buy or sell order.

Similar Intraday Trading you may also Like

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• Reliance Securities Intraday Trading
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Religare Intraday Charges

The Religare Intraday Charges are between 0.050% to 0.010%, which is highly reasonable. Keeping higher-margin money in the trading account can achieve the lowest brokerage.

It helps you lower your brokerage cost for intraday trading. Even the highest brokerage plan, which is 0.050%, is comparatively lower than many brokerage houses’ average brokerage charges.

Apart from the Religare Securities Intraday Brokerage cost, you need to pay a few other mandatory charges for trading.

You need to pay the SEBI turnover charges levied on the total turnover, and then there are STT charges also levied on the total turnover.

The transaction charge is levied on the transaction value, and GST is levied on the total brokerage and the transaction charge. The stamp duty is applicable as per the stamp duty charges applicable in the state.

Religare Intraday Margin

A margin trading facility is a must for intraday trading, and Religare Intraday Limits provide up to 5 times. This means if you have Rs.5000 in the trading account, you can trade shares of Rs.25,000.

This helps in intraday trading as intraday trading is buying and selling shares every day, and the more shares you trade, the more profit you can make.

So, it would help if you had the Religare Securities Intraday margin trading facility with higher leverage for trading in bulk.

Religare provides a margin on Demat account shareholding, which is a great feature. For instance, if you have shares in the Demat account worth Rs.10000, you can trade shares worth Rs.50,000.

Religare Securities Trading – Types

For carrying out Religare Securities Trading daily, there is one type of account that Religare provides, and it is a two-in-one account. It has a Demat and trading account linked together. The bank account can be of any bank linked to the Demat and trading account.

Religare Securities Online Trading can be done on three platforms – A browser-based platform, a mobile application, and a trading terminal.

The terminal software that Religare offers is Religare DIET ODIN, a popular terminal software for trading. It enables traders to trade in bulk and is apt for active traders.

Then there is Religare Dynamic, the mobile trading platform, and it also offers the Religare Web Portal, a browser-based platform. You can also avail yourself of the call & trade option for daily trading.

Religare Intraday Trading – Conclusion

With the Religare Securities Intraday Trading service, you can easily crack the opportunities in the intraday market. You can trade various investment options and that too on advanced trading platforms.

Highly skilled analysts and researchers help you with market tips for intraday trading. All these benefits you get for such reasonable brokerage charges.

Religare Broking Intraday Trading FAQs

Below is the list of FAQs related to the Religare Broking Intraday trading:

Is Intraday Trading safe in Religare Broking?

Yes, Intraday Trading is a very safe option for intraday trading. It is a part of Religare Enterprise Ltd., one of the most dynamic financial service providers in the country. Being a member of NSE, BSE, USE, MCX-SX, etc., it has a good reputation that makes it a reliable trading firm.

What is Intraday Exposure at Religare Broking?

For intraday trading, Religare Intraday Limits provides up to 5 times exposure. This means if you have Rs.5000 in the trading account, you can trade shares of Rs.25000. This helps in trading in bulk as the more shares you trade, the more profit you can make.

What are Intraday Charges in Religare Broking?

The Religare Intraday Charges range from 0.050% to 0.010%. Apart from this, traders must pay the SEBI turnover, the STT, and the transaction charges levied on the total turnover.

The GST is also levied on the brokerage and transaction charges and the stamp duty charges decided by the state.

How to do Day Trading in Religare Broking?

Once you’ve submitted the form to create a Demat account, you will get a call from Religare associates who will help you open your account.

Log in, download, and install the trading terminal. Create the market watchlist, and tap on “Intraday Trading or Day trade” while placing the buy or sell order.

Does Religare Broking provide Day Trading?

Yes, Religare Broking does provide day trading. The firm has been reputed for its exceptional intraday services. Religare Securities offers a margin trading facility where you can trade against those shares daily, exceeding the amount you have in the trading account.

Is Intraday Trading Free in Religare Broking?

No, intraday trading is not free in Religare Broking. However, while it isn’t free, it is highly reasonable. Keeping higher-margin money in the trading account can achieve the lowest brokerage.

Even the highest brokerage plan, which is 0.04%, is comparatively lower than many brokerage houses’ average brokerage charges.

Does Religare Broking have an App for Intraday?

Yes, Religare Broking does have a mobile app for intraday trading. The app is named Religare Dynamic, a platform for clients to trade on the go. It also has two other online trading platforms, including a web browser-based and a trading terminal.

Is Intraday Profitable at Religare Broking?

Yes, intraday trading at Religare Broking is profitable. Keeping higher-margin money in the trading account can achieve the lowest brokerage.

It helps you lower your brokerage cost for intraday trading. The charges at Religare Broking are also some of the lowest on the market.

Does Religare Broking Provide Intraday Tips?

Yes, Religare Securities is known for its research and analysis and advisory services. It provides Religare Intraday Tips, which are brief yet accurate and count the profit for the client. They also offer highly powerful tools for research that intraday traders can use on their own and trade.

What does Religare Broking Intraday mean?

Intraday trading is the buying and selling of the stock (or selling and buying) on the same day. Religare Securities offers a margin trading facility where you can trade against those shares daily, exceeding the amount you have in the trading account.

How can I do intraday in Religare?

First of all, you need to create a Demat account and then wait for the verification call from an executive at Religare. Once you receive your credentials, log in and install the trading terminal. The next step is to create a market watch list and then click on ‘ intraday trading on day trade’ when placing the buy or sell order.

What is the intraday Margin to trade in Religare?

When you try your hands on intraday trading with Religare, do check that the intraday limit provided by the company is up to 5 times. It simply means that if you are investing 1,000 rupees in your trading account, you get the opportunity to trade shares of Rs 5000.

What are DP charges in Religare Broking?

In simple words, DP charges are the fee charged by the depositors or the company for each transaction you make in your Demat account. When trading with Religare, the DP charges are about Rs 12 plus 18% GST on every transaction.

Can I withdraw the used margin?

The trader can make a cash withdrawal from their margin account whenever necessary. This process is called a loan against investment. The available cash amount is the sum of the used margin and the available margin.

How can we stop loss in the Religare Dynamic app?

To place the Stop Loss in the Religare Dynamic App, you can follow these steps:

• Select the order type as SL market
• Select the validity as a day order
• Place the stop-loss price.
• And then click on submit.

What is TradeSmart in Religare?

Religare is a full-service broker that was established in India in 1994. The broker offers to trade in NSE, MCX, and BSE and has over 15,000 branches spread across India.

On the other hand, TradeSmart is a discount broker established in 1994 and offers trading services in MCX, NSE, and BSE.

Why is a margin required to sell shares?

The main reason you need to have a margin to short-sell stocks and shares is the practice of shorting. It is selling something which you do not own directly. The margin here acts as a form of collateral or security. It, in turn, backs the position and ensures that the shares will be returned in the future.

Will the Religare Online portal be available 24/7?

Unfortunately, the Religare online portal will not be available 24/7. The online booking services will only be available for registered customers from 7:30 a.m. to midnight.

What are the types of Products available in Religare?

When trading with Religare, you are allowed to trade in various types of products that include:

• IPO
• Overview
• Equity
• Derivatives
• Commodities
• Currency
• ETF
• Mutual funds
• Global Investing
• IPO
• General insurance
• NCD
• Commodity

What is a Trade Book in Religare?

A trade book is a portfolio of the various financial instruments offered by a bank, financial institution, or trading company. Trading books in Religare are available in various sizes ranging from hundreds of dollars to millions. It all depends on the size and the type of financial institution.

Can I trade in MFSS online using Religare Online?

When you are trading with Religare, you can trade on mutual funds on a unified platform. You can perform the following operations:

• Place orders in STP, SIP, and SWP online
• Reading the units online.
• View the dividends that are paid
• Online NAV display
• Apply in NFO

Will the Religare Online portal be available 24/7?

Unfortunately, the Religare online portal will not be available 24/7. The online booking services will only be available for registered customers from 7:30 a.m. to midnight.

Can I use Equity and Commodity trading on the same platform?

As per the 2017 meeting of SEBI, It approved the combination of commodity and stock trading platforms. With this, BSC and NAC have also launched commodity trading on their platforms and equity trading.

How many scripts can be added to the Market Watch?

As per the latest update, a registered user can only open one market watch and add a maximum of 50 scrips to it. This has been done to offer better overall stability and the trading platform.

How do I register for an Online Trading Account?

1. Choose the type of brokerage account you are looking for
2. Select the features you want
3. Choose a type of brokerage that suits your requirement.
4. Complete the application process and then complete the verification process
5. Once everything is done, you can log into your trading account and fund your account using the payment methods. Now you are ready to start investing.

Open Religare Securities Trading Account Now! – Fill up the Form