Religare Online Review, Brokerage Charges, Demat A/C, Platforms & more

Religare Online is an open conciliator of Religare Broking ltd that has been a leading name in the Indian stock broking industry for more than two decades.

They boast to offer valuable research insights as well as multiple advanced analytical tools like Tech Scan for effective online stock trading through many of their remote trading platforms.

In short, we will review Religare Securities on every aspect of their performance so as to give you a clear description if the firm is worth registering yourselves into as traders of as investors.

Religare Online Customer Ratings & Review

About Religare Broking Ltd

Religare Securities, have been dominating the Indian stock trading industry more or less since the very year of their inception that is 1994.

The nationally acknowledged brokerage giant came into being when Nitin Aggrawal & Manjushree Nitin Ghodke built the company within the premises of the national capital Delhi. The company has been progressively evolving ever since.

As a matter of fact, they have developed a number of fascinating remote trading tools and platforms that have helped many traders as well as investors across the nation to fruitfully gain profits on trades. Perhaps this is one of the major reasons why they are reputed so much.

What’s even more fascinating is the fact that they have managed to constantly live up to the expectations of their respective traders and brokers for more than twenty five years in a row through a considerably small network of merely fifty six branches located at different places across the nation.

And, this feat of their have been awarded many a times over the years as well starting right from the year 2008 when they received the award for ‘Best IPO Listing’ from Outlook Money NDTV Profit, ‘NSDL Star Performer Awards – 2016’ for being the Top Performer in New Account Opened (Non- Bank Category) and Best Performer in Account Growth Rate in the 2016, ‘Regional Retail Member of the Year – North’ – NSE Market Achievers Awards in the year 2018 and many more.

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Religare Online Brokerage Charges 

As you must be clearly able to conclude after taking a look at the aforementioned table of contents, Religare Online strictly charges 0.50% to 0.10% brokerage on Equity Delivery Trading, 0.050% to 0.010% brokerage on Equity Intraday Trading,  and 0.05% on Commodity futures Trading, Equity Futures Trading and Currency Futures Trading respectively.

A sum of Rs.30 per lot in terms of brokerage on Currency Options Trading and commodity options, Rs.70 per lot in the terms of brokerage on Equity Options Trading. Demat AMC fee is waived off from the 1st year & post 1st year it is charged Rs.350 Annually.

Apart from all the above, the company also doesn’t requires their respective traders and investors to maintain a minimum Margin Money balance. They do not seek any charges for maintain Trading Accounts however.

Nonetheless, if you want to calculate the exact brokerage charges you will be required to pay for executing a trade consisting of multiple shares across various assets, then you must take the help of their Religare Brokerage Calculator Tool.

The tool can be accessed online and is capable of calculating the exact brokerage required to be paid whenever a complex trade is executed. The tool can also be helpful in determining other charges to be paid in terms of taxes like SEBI Turnover Charges, Stamp Duty, STT and GST.

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Religare Securities Charges

Rather clear from the chart of contents presented to you above, Religare Securities require their respective traders and investors to pay an amount of 0.0126 % of the total turnover in terms of Securities Transaction Charge, 18 % on the sum of brokerage as well as transaction charges in terms of GST, 0.00370 % of the total turnover in terms of transaction charges, 0.00005 % of the total turnover in terms of SEBI turnover charges and a variable amount in accordance to the state laws in terms of Stamp Duty.

The Stamp Duty, however, is a minimal amount and does not impact the overall investment amount for the traders or investors to be put in.

Religare Online Other Charges

• Pledge Charges – For the purpose of creating pledge, closure, confirmation and invocation, the charges are same, i.e. Rs 50 per request or 0.02% of the value of securities whichever is higher.
• Closure and Reopening – For the purpose of freezing or unfreezing your account, you will be charged Rs 50 per request.
• Rematerialisation – If you wish to place a Rematerialisation request, you will have to pay Rs 20 per request + NSDL Charges.
• Demat processing charges – This charge is a meager Rs 2 per certificate.

Religare Online Demat Account Opening Fees

Religare Securities has been known for their open heartedness whenever it comes to accepting registration requests for opening a Trading or a Demat Account throughout the nation. They have always welcomed traders and investors to join their firm receive the benefits they have to offer.

In fact, anyone from within the nation can become a part of the company by simply opening up a Trading or a Demat Account for Free.

Case you opt to open up a Demat Account with them, you will also have to pay a sum of Rs.400 every year in terms of Annual Maintenance Charges, however, it is also waived off for the 1st year.

Nonetheless, the account holder is not required to have any minimum account balance as Margin Money. All the transactions can be processed through wither NSDL.

Religare Broking Offers

The aforementioned chart has been brought to your attention in order to inform you about all sorts of charges related to Religare Securities’ offers that are presented to their respective traders and investors either regularly or occasionally.

As you can see above, they extensively lay down offers in terms of Free Demat Account, Free Trading Account, Discount On Brokerage and Flexible Brokerage Plans.

Nevertheless, they do not have any offer with respect to Zero Brokerage fee for any or all Loss making Trades, Trading Happy Hours, a month worth of time for brokerage free trading, Holiday Offers or Referral Offers.

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How to open Demat Account with Religare Online?

If you have been thinking of joining in a brokerage firm as a trader or as an investor, the name of Relegare Online must have hit you sometime or the other.

If that has ever happened to you, then it is the right time and the right place for you to learn how to join them for amazing benefits on trading across equity and derivatives throughout the Indian stock trading industry. So, here is what you need to do:-

1. One you look underneath this section, you will find a green colored button that reads ‘Open Demat Account’.
2. As soon as you click on that button, a new form will pop up on your computer screen.
3. Read the entire form carefully going through each word, phrase, line and sentence.
4. Fill up every little detail the form asks of you with the correct information.
5. Upload the from and move ahead towards completing the KYC procedure.
6. Concluding the KYC procedure will require you to have your Aadhar Card, PAN Card, and a photograph in so as to verify your age, identity and address respectively.
7. Once you are done submitting the form and have concluded the KYC verification procedure, you will be contacted by an authority on behalf of the brokerage firm itself for the last set of verifications.
8. You will be able to access your new account within a couple of hours after you are done completing all the above mentioned steps.

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Why Open Religare Securities Trading Account?

Having a Trading or a Demat Account is one of the mandatory requirements as per the government of India and the numerous laws governing the wealth trading industry of the nation for trading across multiple segments of equity or derivative based assets.

That, however, is not the only reason for a person to consider registering themselves as a Trader or an Investor with Religare Securities. Instead, you may consider any of the following:-

• They have been coined amongst the top leading brokerage houses of the nation and have a considerable amount of exposure and definitely a lot of experience when it comes to the Indian trading industry.
• The plethora of awards they have, are more than enough to verify their expertise over the particular domain of trading services.

They have evolved their set of services with new age technologies that are user friendly as well as super effective in their respective tasks, all at once.

Religare Securities Products & Services

List of products & services provided to its clients

Religare Broking Products:

Religare Broking take pride in all they do. And the products they have to offer to their respective registered traders as well as brokers from around the nation is no exception to this.

As you can conclude after glancing at the aforementioned table, they have exclusive products to offer in the domain of Systematic Investment Plans, Equity Trading, Currency Trading, Commodity Trading, Options Trading, Mutual Funds and Futures Trading.

However, they have no products to offer in the domain of Insurances, Banking or Forex Trading.

Religare Broking Services:

The table of contents as mentioned above have been deliberately placed in there in order to give you a proper idea about all the services that Religare Online come up with for their respective registered traders as well as investors from across the nation, either occasionally or regularly.

They exclusively offer their services with respect to Trading Services, Portfolio Management Services, Initial Public Offering Services, Stock Recommendations, Intraday Services and Demat Services.

They offer all of these services with up to fifteen times the average trading exposure. However, you may have also acknowledged the fact that they do not have any services whatsoever, in terms of 3 in 1 Account, Robo Advisory or Trading Institution.

Religare Online Research, Advisory & Stock Tips

As like most of their other offerings, Religare Securities take humongous pride in each and every one of their research and Advisory related offerings.

As a matter of fact, they offer exclusive documents or services in relation to Research Reports, Company Reports, Fundamental Reports, Company Stock Overview, Annual Reports, Top Picks, Initial Public Offering Reports, Monthly Reports, Weekly Reports, A Relationship Manager as well as Offline Advisory.

Nevertheless, you must also acknowledge the fact that they do not have any services with respect to Robo Advisory or Free Stock Tips.

Religare Securities Exposure or Leverage

The aforementioned chart of contents has been deliberately placed in that particular section so as to bring to your concern about the kind of leverage you may expect from Religare Online in terms of elevated trading exposure as compared to their other competitors.

If you take in a close look at the chart, you will get to notice that the company provides and elevated trading exposure of Upto 2x with 24% interest per year on Equity Delivery Trading. It is upto 1.3x for Equity Futures, Upto 1x for shorting for Equity Options & Upto 3x in Commodities Trading.

They provide an exposure of up to 3X on Currency Futures Trading, an exposure of 1X for shorting on Currency Options Trading & an exposure of up to 10X on Equity Intraday Trading.

The table above has been drafted in such a simple way that it should be self-sufficient in giving you every bit of detail on the kind of leverage you should be expecting from the firm.

However, if you want to calculate the specific leverage you will be getting while executing a complex trade consisting of shares across different asset classes, then you should definitely take the help of the firm’s dedicated Margin Calculator, otherwise known as Religare Securities Margin Calculator.

The tool can be easily accessed online and comes equipped to help you with all your margin calculation requirements across several segments like Currency, F&O, Commodity, Intraday and Delivery.

The tool can also come in handy if you are looking forward to calculate the number of extra shares that can be bought by you with the elevated exposure you will be getting.

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Religare Online Trading Platforms

Religare Securities, being an open conciliator for the Religare Broking Ltd. and a full service brokerage house that has been regarded for their exceptional services and ever developing ways to help the traders and investors throughout the nation.

Reagare Securities have developed four distinct trading platforms for their respective traders and investors in order to help them with remote trading facilities:-

Religare Online – Religare Web Trading Platform

Religare Securities have their dedicated remote trading platform that specifically works through web based browser for their respective registered traders and investors. The web based app come loaded with the following features:-

• web based app has the capability to run and showcase real time data related to the market across several exchanges and indices.
• The web based app has the capability to let the respective users add multiple watch lists alongside the option to add multiple trading items within the same list. The respective users can further customize these watch lists in accordance to their own requirements.
• web based app has been developed in such a way so as to perform unhindered even in during the times of low bandwidth. This makes the web app highly efficient specifically for the tier 3 and tier 4 cities where the data speed can become a troublesome factor in trading.
• The web based app has been developed in a way so as to be able to grant access of the last ten days’ worth of Intraday Trading data and the last five years’ worth of historical data related to the overall Indian trading industry.
• web based app is easy for the respective registered users to access from any place anytime only with the availability of a desktop or a laptop computer, thus making it very much user friendly.

Religare Securities Mobile Trading Platform

Pertaining to the fact that there are various kinds of traders and investors depending up on their respective trading techniques and approaches, Religare Securities have come up with the idea of developing more than one mobile based app to help their respective registered traders and investors’ remote trading requirements. As a matter of fact they have two distinct mobile based trading apps with entirely different set of features as well as user interfaces.

Religare Dynami App – Religare Securities Mobile Trading App

Religare Dynami is yet another mobile based platform that has been developed by the brokerage firm to be functional with both Android as well as IOs based mobile devices. Nevertheless, unlike the other mobile based trading platform by the well-known brokerage firm, this one has some different features:-

• The mobile based trading platform has been developed in such a way so that it can enable the respective users to trade across a number of varying segments such as Equity, Currency and Commodity.
• This particular mobile based app has been developed to cater a segment of traders and investors who do not want to get themselves indulged in complex calculations and analyses. Therefore the overall interface of the entire app has been kept rather simplistic.
• The mobile based app has the capability to let the respective users add multiple watch lists alongside the option to add multiple trading items within the same list. The respective users can further customize these watch lists in accordance to their own requirements.
• The mobile based trading platform has been developed to help the respective users in the best possible way. Thus, the app also provides active customization and personalization options to the respective users along with a number of alerts and notifications set up.

Religare Securities On the Go – Religare Mobile Web Platform

Religare On the Go is a mobile based platform that has been developed by the brokerage firm to be functional with both Android as well as IOs based mobile devices. As a matter of fact, downloadable files have been made available by the company for the people to access the app on their respective BlackBerry devices. This mobile based trading platform comes with the following features:-

• The ability to allow the respective users to place multiple orders using only their respective mobile phones without constraining them in any sort of regional, national or even international boundaries.
• The mobile based app is well suited to display and showcase live quotes in real time from across many different exchanges and indices in accordance to the available band width.
• The mobile based app has the capability to let the respective users add multiple watch lists alongside the option to add multiple trading items within the same list. The respective users can further customize these watch lists in accordance to their own requirements.
• The mobile based app has been developed in such a way that it can perfectly keep a track of the respective user’s order book, trade book, market depth, stock portfolio and more.
• The app comes equipped with loads of analytical tools that enable the respective users to commence in depth analyses through market trends, indices and other corresponding indicators.

Religare Securities Terminal Terminal

Religare Securities have their dedicated remote trading platform built as a terminal based trading platform that can be accessed as an executable file. The particular platform can be used upon installation on Windows based desktops. It comes integrated with the following features:-

• This particular platform, although a bit old school in accordance to its looks has an astounding ability to enable the respective traders or the investors to trade across equites, currency, mutual funds, commodities and initial public offerings, all within one screen.
• The platform comes integrate with advanced portfolio tracker and live market watch.

Religare Securities Customer Support

The above mentioned chart is meant to give you a clear hint of all the customer care services being extended by Religare Securities as a full service brokerage house.

As you can see, the brokerage provides active support in terms of Email Support, Online Trading, Offline Trading and a Dedicated Dealer with the help of their selective but short network of fifty six different branches located throughout the country.

Nonetheless, they do not provide any support in regards with 24 * 7 support, Chat Support or even a Toll Free Number.

Religare Broking Complaints & Feedback

The Religare Securities received one hundred and twenty six complaints against them in the BSE and one hundred and eighty eight complaints within the NSE last year, out of which, a total of eighty five and one hundred and forty five complaints against them were resolved within the BSE and the NSE respectively last year.

Religare Securities Disadvantages

The Religare Securities may have been known for their leading edge technologies as well as their customer care services, but they still have a couple of flaws:-

• They still do not provide any sort of 24 * 7 Support for their respective traders or investors.
• They require their respective traders as well as investors to maintain a humongous Margin Money amount.

Religare Online Conclusion

Religare Online with all their awards have quite frankly owned up to their reputation. Nonetheless, there still are a few simplistic flaws they need to overcome in order to become the best.

Nevertheless, we have done our own research and digged deep into the reputed brokerage company so as to confirm if the company does serve as well as they boasts about their services in terms of the products they have, the services they offer, the kind of brokerage they impose, the taxes they levy, the amount of leverage they extend, and most importantly the effectiveness of all the trading platforms they have to offer to their respective trades and investors for remote trading facilities.

Religare Review FAQs

Ques – Is Religare safe for trading?

Answer – Yes, Religare is one of the most trusted stock broking houses to enter into the market. They are stable and are successfully established, with a widespread customer base. This makes them highly reliable and also profitable in many aspects.

Ques – What is the brokerage of Religare?

Answer – The brokerage is charged on percentage basis, and this stock broker charges the lowest of percentage. So, investment in segments of delivery you are taken 0.50% to 0.10%, for intraday it is 0.050% to 0.010%, and 0.05% for commodity or futures. However, you are charged Rs.30 per lot for both currency and commodity options segment.

Ques – How to open Religare demat online?

Answer – Opening a demat account is pretty seamless, as you can open one right from this page. Begin the process and hit the “Open Demat Account” button from this page. When you click, you will see a pop up appear, fill it up accordingly and then the company will follow up with you.

Ques – Can I invest in IPO via Religare?

Answer – Yes, there is a possibility of investing in the IPO if you are a Religare client. Everything is served right to you via the online platforms. Also, you can opt for the offline process, but you need to make sure that you have the end to end idea of the terms and conditions.

Ques – What Leverage does Religare provide?

Answer – There is a leverage, or also knows as exposure facility available for the clients of this stock broking house. The leverage varies as per the segment you choose to invest in. However, the highest of exposure is provided in the intraday segment with up to 10x

Ques – Does Religare have trading App?

Answer – Yes, a trading app is provided to the investors as present trading and investment in stock market is very much inclined on technology, and investors prefer the ones who provide the best of online platforms to trade through.

Ques – How to contact Religare customer care?

Answer – There is a lot of feasibility extended by the Religare stock broking house. For the first thing, this stock broker has many branches spread throughout the country and hence, offline reach is a thing. Rest assured, you can avail for the email assistance as well.

Ques – Does Religare provide Research?

Answer – Yes, this stock broking is a full service stock broker and hence, there is a provision of Research facility. This is probably a great support provided from the stock broker’s end, and you can use them effectively to make profitable investment decisions.

Ques – Is Religare good for Beginners?

Answer – Of course, this stock broking house is a great place to begin your trading journey, as they are a full service stock broker, which gives the facility of Research and advisory services. Also, the rate of brokerage is pretty low, as compared to other brokers.

Ques – Who Founded Religare?

Answer – This stock broking company is the subsidiary of REL. Religare Enterprises Limites is the holding company, which is headquartered in Delhi and has a suite of financial services offering, in order to fulfil the very needs of the audience.

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