Looking for Low Brokerage, High Margin & Free Tips?
ICICI Direct Vs Religare Securities
| | Broker Comparison, Trading | No Comments
ICICI Direct Vs Religare Securities comparison here talks about the differences between these two stockbrokers in terms of multiple aspects. If you are looking to choose one of the brokers for your stock market trading, this comparison article will assist you in making that decision.
Here are the details:
ICICI Direct Vs Religare Securities Comparison
Here is a point by point comparison of ICICI Direct Vs Religare Securities.
ICICI Direct is a retail trading flagship of ICICI Securities. With more than 35 lakh customers, ICICI Direct is the biggest retail full-service stockbroker company in India.
Religare Securities, a subsidiary of Religare Enterprises Limited is also a full-service broker with more than 8 Lakh clients from more than 500 cities of India. It allows its clients to trade across different segments such as Equity, Derivatives, commodities, currency etc
It can become very difficult to decide between two full-service brokers like ICICI Direct & Religare since they offer very similar propositions. However, if you are able to see how one type of broker is different from the other on a side to side level, making a choice can be relatively simpler.
Thus, to make things easy for you, we have listed out the comparison between ICICI Direct Vs Religare Securities to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
ICICI Direct Vs Religare Securities Details
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
 |  | |
| Religare Securities Review | ICICI Direct Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Full Service Broker |
| Incorporated In the Year | 1994 | 2000 |
| Number of branches across India | 500 | 154 |
| Exchanges | BSE, NSE, MCX-SX, MCX & NCDEX | BSE, NSE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹500 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹700 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹300 | ₹0 |
| Transaction Charges | Religare Securities Transaction Charges | ICICI Direct Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.5% | 0.55% |
| Intraday Delivery | 0.05% | 0.275% |
| Equity Futures | 0.05% | 0.03% to 0.05% |
| Equity Options | ₹70 per lot | ₹35 to ₹95 per lot |
| Currency Futures | 0.05% | 0.03% to 0.05% |
| Currency Options | ₹30 per lot | ₹10 to ₹25 per lot |
| Commodity | 0.05% | NA |
| Calculate Brokerage | Religare Securities Brokerage Calculator | ICICI Direct Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times Intraday, Upto 4 times delivery @interest | Intraday upto 25 times & Delivery upto 5 times |
| Equity Futures | Upto 3 times for Intraday | Upto 4 times for intraday |
| Equity Options | Buying no Leverage, shorting upto 3 times for Intraday | Upto 4 times for intraday |
| Currency Futures | Upto 2 times for Intraday | Upto 4 times for intraday |
| Currency Options | Buying no Leverage, shorting upto 2 times for Intraday | Upto 4 times for intraday |
| Commodities | Upto 3 times for Intraday | NA |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| Research | ICICI Direct Research | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | |  |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| Customer Care | ICICI Direct Customer Care | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | Religare Online, Trade On the Go, ODIN | ICICI Direct TraderRacer, ICICI Direct Trader Racer Web, ICICI Direct Mobile App |
| NSE Complaints Percentage* | 0.02% | 0.01% |
| Complaints | ICICI Direct Complaints | |
| OVERALL RATING |  |  |
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with ICICI Direct Vs Religare Securities for the benefits of other readers?
Please feel free to share in the comments below.
In case you are looking to open a Demat account, get started by entering basic details below:
Summary
Reviewer
A Digital Blogger
Date
Broker Name
ICICI Direct Vs Religare Securities
Overall Rating
