Religare Securities 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.
Nevertheless, we will commence our own research and dig 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.
In short, we will review the firm 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 Securities Customer Ratings & Review
About Religare Securities Ltd
| Overview | |
| Company Type | Public |
| Broker Type | Full Service Broker |
| Headquarters | Delhi, India |
| Founder | Maninder Singh |
| Established Year | 1984 |
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 their founder Mr. Mahinder Singh incorporated 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, followed by the ‘Brand Excellence Award’ in the ‘Banking and Financial services category’ by The World Brand Congress in the year 2009, ‘Best Broking House-With a Global Presence’ at Dun and Bradstreet Awards in the year 2010, ‘Best Brokerage Research House Award’ at Starmine Awards in the year 2011, Finnoviti 2012 Award for the ‘Innovation in Process’ category in the year 2012, ‘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 Securities Brokerage Charges
| Brokerage Charge & Fees | |
| Equity Delivery Trading | 0.10% – 0.40% |
| Equity Intraday Trading | 0.01% – 0.04% |
| Commodity Options Trading | 0.01% – 0.04% |
| Equity Futures Trading | 0.01% – 0.04% |
| Equity Options Trading | Rs.100 per lot |
| Currency Futures Trading | 0.01% – 0.04% |
| Currency Options Trading | Rs.10 per lot |
| Minimum Brokerage | As per Transaction |
| Demat AMC Charges | Free or Rs.300 per annum |
| Trading AMC Charges | Free |
| Margin Money | Rs.50,000 |
| Brokerage Calculator | Religare Brokerage Calculator |
As you must be clearly able to conclude after taking a look at the aforementioned table of contents, Religare Securities strictly charges 0.1 % – 0.4 % brokerage on Equity Delivery Trading, 0.01 % – 0.04 % brokerage on Equity Intraday Trading, Commodity Options Trading, Equity Futures Trading and Currency Futures Trading respectively, a sum of Rs. 100 per lot in terms of brokerage on Equity Options Trading, Rs. 10 per lot in the terms of brokerage on Currency Options Trading and a fee of Rs. 300 on yearly basis for the sake of maintaining Demat Account Annually.
Apart from all the above, the company also requires all their respective traders and investors to maintain a minimum Margin Money balance of Rs. 50,000. 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
| Other Charges | |
| Transaction Charges | 0.00370% of Total Turnover |
| STT | 0.0126% of Total Turnover |
| SEBI Turnover Charges | 0.0002% of Total Turnover |
| Stamp Duty | Depends on State (very minimal) |
| GST | 18% of (Brokerage + Transaction 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, 0.0002 % 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 Securities Demat Account Opening Fees
| Demat Services | |
| Depository Source | CDSL & NSDL |
| Account Opening Charges | Rs.500 |
| Demat AMC Charges | Free or Rs.300 per Annum |
| Trading AMC Charges | Free |
| Margin Money | Rs.50,000 |
| Offline to Online | No |
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 by merely paying a fee of Rs. 500.
Case you opt to open up a Demat Account with them, you will also have to pay a sum of Rs. 300 every year in terms of Annual Maintenance Charges, however, there are no such charges applicable in the case of Trading Accounts.
Nonetheless, everyone account holder is required to have a minimum account balance of Rs. 50,000 as Margin Money. All the transactions can be processed through wither CDSL or NSDL.
Religare Securities Offers
| Offers | |
| Free Demat Account | Yes |
| Free Trading Account | Yes |
| Discount on Brokerage | Yes |
| Trading Happy Hours | No |
| Flexible Brokerage Plans | Yes |
| 1 Month Brokerage Free | No |
| Holiday Offers | No |
| Referral Offers | No |
| Zero Brokerage for Loss Making Trades | No |
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 Securities?
If you have been thinking of joining in a brokerage firm as a trader or as an investor, the name of Relegare Securities 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:-
- One you look underneath this section, you will find a green colored button that reads ‘Open Demat Account’.
- As soon as you click on that button, a new form will pop up on your computer screen.
- Read the entire form carefully going through each word, phrase, line and sentence.
- Fill up every little detail the form asks of you with the correct information.
- Upload the from and move ahead towards completing the KYC procedure.
- 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.
- 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.
- 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 Securities Products:
| Products | |
| Equity Trading | Yes |
| Commodity Trading | Yes |
| Currency Trading | Yes |
| Options | Yes |
| Futures | Yes |
| Mutual Funds | Yes |
| Forex | No |
| Banking | No |
| SIP | Yes |
| Insurance | No |
Religare Securities 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 Securities Services:
| Services | |
| Demat Services | Yes |
| Trading Services | Yes |
| 3 in 1 Account | No |
| Intraday Services | Yes |
| IPO Services | Yes |
| Stock Recommendations | Yes |
| Robo Advisory | No |
| PMS | Yes |
| Trading Institution | No |
| Trading Exposure | Upto 15x |
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 Securities 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 Securities Research, Advisory & Stock Tips
| Research & Advisory | |
| Fundamental Reports | Yes |
| Research Reports | Yes |
| Company Reports | Yes |
| Annual Reports | Yes |
| Company Stock Review | Yes |
| Free Stock Tips | No |
| IPO Reports | Yes |
| Top Picks | Yes |
| Daily Market Review | No |
| Monthly Reports | Yes |
| Weekly Reports | Yes |
| Offline Advisory | Yes |
| Relationship Manager | Yes |
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
| Exposure / Leverage | |
| Equity Delivery | Upto 10x |
| Equity Intraday | Upto 15x |
| Equity Futures | Upto 10x |
| Equity Options | Upto 10x |
| Currency Futures | Upto 5x |
| Currency Options | Upto 9x |
| Commodities | Upto 10x |
| Margin Calculator | Religare Securities Margin Calculator |
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 Securities 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 up to ten times on Commodities Trading, an exposure of up to five times on Currency Futures Trading, an exposure of up to nine times on Currency Options Trading, an exposure of up to ten times on Equity Options Trading, an exposure of up to fifteen times on Equity Intraday Trading, an exposure of up to ten times on Equity Delivery Trading and an exposure of up to ten times on Equity Futures 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 Securities Trading Platforms
| Trading Platforms | |
| Desktop Platform – Windows | Yes |
| Desktop Platform – Mac | Yes |
| Desktop Browser Platform | Yes |
| Mobile Site Platform | No |
| Android App Platform | Yes |
| iOS App Platform | Yes |
| Windows App Platform | No |
| Other Mobile OS Platform | No |
| Real time Updates | Yes |
| Portfolio Details | Yes |
| Online MF Buy | Yes |
| News Flash | Yes |
| Research Reports | Yes |
| Easy Installation | Yes |
| Global Indices | Yes |
| Stock Tips | Yes |
| Personalized Advisory | Yes |
| Interactive Charts | Yes |
| Live Markets | Yes |
| SMS Alerts | Yes |
| Email Alerts | Yes |
| Multi Account Management | Yes |
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
| Customer Support | |
| Dedicated Dealer | Yes |
| Offline Trading | Yes |
| Online Trading | Yes |
| 24*7 Support | No |
| Email Support | Yes |
| Chat Support | No |
| Toll Free Number | No |
| Branches | 56 |
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 Securities Complaints & Feedback
| Complaints (Current Year) | |
| Lodged in BSE | 126 |
| Resolvd in BSE | 85 |
| Lodged in NSE | 188 |
| Resolved in NSE | 145 |
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 Securities Conclusion
Religare Securities 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.
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