Religare Intraday Trading – Benefits, Process, Charges, Margin & more
Religare Online is a part of REL or Religare Enterprise Ltd. which is one of the most dynamic financial service providers in the country. It has diversified financial products and services which have 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, it offers a wide range of investment options for daily trading.
In this article, you will read about the various features and benefits of Religare Intraday services and 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 that you need to follow in order to start trading on an intraday basis using the intraday services of Religare Securities.
This article will be analyzing the exposure level provided by the 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 has been reputed for its exceptional intraday services and other financial services and we will elaborate the different benefits that an intraday trader can get when he will be trading on the Religare Platform.
- For intraday trading, Religare Securities offers margin trading facility where you can trade against those shares on a daily basis 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 which are to the point and most of the time accurate and counts profit for the client. They also offer highly powerful tools for research that the 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 as well as the mobile trading platforms whichever suits your requirement.
- It offers brokerage plans that are competitive and for intraday trading, you need a brokerage plan that is reasonable 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 are not able to trade from the terminal or other platform.
- The firm has been awarded for being one of the most aspiring brokerage houses in the segment of the technology and digital growth in the business.
Open Religare Securities Trading Account Now! – Fill up the Form
How to do Intraday Trading in Religare Securities?
The 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 Acccount” and a form will open. Fill 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 verification of the documents you have uploaded.
- After account opening, you need to login 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 login on the platform and create the market watch.
- Create the market watchlist by searching the stocks that you want to add to the list. Once the watchlist is created now you can see all the stock prices’ movement on the screen throughout the day and buy and sell stocks from the market watch list itself.
- Do not forget to tap on the option “Intraday Trading or Day trade” while placing the buy or sell order.
Know more about other Intraday Trading Brokers
Religare Intraday Charges
The Religare Intraday Charges is within the range of 0.050% to 0.010% which is highly reasonable. The lowest brokerage can be achieved by keeping higher-margin money in the trading account.
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.
|Religare Securities Intraday Charges|
|Intraday Brokerage Charge||0.050% to 0.010%|
|Intraday Brokerage Calculator||Religare Brokerage Calculator|
Apart from the Religare Securities Intraday Brokerage cost, there are few other mandatory charges that you need to pay for trading.
You need to pay the SEBI turnover charges which are levied on the total turnover, and then there are STT charges which are also levied on the total turnover.
The transaction charge is levied on the transaction value and GST is levied on the total of brokerage and the transaction charge. The stamp duty is applicable as per the stamp duty charges applicable in the state.
Religare Intraday Margin
For intraday trading, margin trading facility is a must and Religare Intraday Limits provides up to 5 times. This means if you are having Rs.5000 in the trading account then you can trade shares of Rs.25,000.
|Religare Securities Intraday Exposure|
|Intraday Margin Funding||Upto 5x|
|Intraday Margin Calculator||Religare Securities Margin Calculator|
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, for trading in bulk, you need the Religare Securities Intraday margin trading facility with higher leverage.
Religare provides margin on Demat account shareholding which is a great feature. Here also, for instance, if you have shares in the Demat account worth Rs.10000, you can trade shares worth Rs.50,000.
Find out Intraday Trading Details of other Stock Brokers
Religare Securities Trading – Types
For carrying out Religare Securities Trading on a daily basis, 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 which can be linked to the Demat and trading account.
Religare Securities Online Trading can be done on three platforms – Browser-based platform, mobile application, and trading terminal.
The terminal software that Religare offers is Religare DIET ODIN which is a popular terminal software for trading. It enables traders to trade in bulk volume and apt for active traders.
Then there is Religare Dynamic which is the mobile trading platform and it also offers the Religare Web Portal which is the browser-based platform. You can also avail 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 a variety of investment options and that too on the advanced trading platforms.
Highly skilled analysts and research helps you with the market tips for intraday trading. All these benefits, you get for such reasonable brokerage charges.
Religare Broking Intraday Trading FAQs
Ques – Is Intraday Trading safe in Religare Broking?
Answer – Yes, Intraday Trading is a very safe option for intraday trading. It is a part of Religare Enterprise Ltd. which is 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.
Ques – What is Intraday Exposure at Religare Broking?
Answer – For intraday trading, Religare Intraday Limits provides an exposure of up to 5 times. This means if you are having Rs.5000 in the trading account then 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.
Ques – What are Intraday Charges in Religare Broking?
Answer – The Religare Intraday Charges range from 0.050% to 0.010%. Apart from this, traders need to pay the SEBI turnover, the STT and the transaction charges which are levied on the total turnover. There is also the GST levied on the brokerage and transaction charges, and the stamp duty charges which are decided by the state.
Ques – How to do Day Trading in Religare Broking?
Answer – 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.
Ques – Does Religare Broking provides Day Trading?
Answer – Yes, Religare Broking does provide day trading. The firm has been reputed for its exceptional intraday services. For intraday trading, Religare Securities offers margin trading facility where you can trade against those shares on a daily basis exceeding the amount you have in the trading account.
Ques – Is Intraday Trading Free in Religare Broking?
Answer – No, intraday trading is not free in Religare Broking. However, while it isn’t free, it is highly reasonable. The lowest brokerage can be achieved by keeping higher-margin money in the trading account. Even the highest brokerage plan which is 0.04% is comparatively lower than many brokerage houses’ average brokerage charges.
Ques – Does Religare Broking has App for Intraday?
Answer – Yes, Religare Broking does have a mobile app for intraday trading. The app is named Religare Dynamic which is a platform for clients to trade on the go. It also has two other online platforms for trading which include a web browser based and a trading terminal.
Ques – Is Intraday Profitable at Religare Broking?
Answer – Yes, intraday trading at Religare Broking is profitable. The lowest brokerage can be achieved by keeping higher-margin money in the trading account. It helps you lower your brokerage cost for intraday trading. The charges at Religare Broking are also some of the lowest on the market.
Ques – Do Religare Broking provide Intraday Tips?
Answer – Yes, Religare Securities is known for its research and analysis and advisory services. It provides Religare Intraday Tips which are succinct yet accurate and count the profit for the client. They also offer highly powerful tools for research that the intraday traders can use on their own and trade.
Ques – What is Religare Broking Intraday mean?
Answer – Intraday trading is the buying and selling of the stock (or selling and buying) on the same day. For intraday trading, Religare Securities offers margin trading facility where you can trade against those shares on a daily basis exceeding the amount you have in the trading account.
Open Religare Securities Trading Account Now! – Fill up the Form
Know in detail about Intraday Trading of other brokers
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