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Religare Securities Vs TradePlus Online – Share Brokers Comparison
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Religare Securities Vs TradePlus Online
Here is a point by point comparison of Religare Securities Vs TradePlus Online. 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.
TradePlus Online is a discount broker and started as an Equity broker with NSE in 1995 and with BSE recently in 2010. It has a unique pricing model where it charges a fixed monthly fees for unlimited trading on trading segments including Currency, Options and Commodity. They are one of their own kind when it comes to using Social Media as they use Twitter to handle clients’ issues keeping TAT pretty quick and customer satisfaction high.
Everything about discount brokers such as TradePlus Online is internet based, be it – customer service, trading, account opening etc. Full service brokers such as Religare Securities, on the other hand, will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Religare Securities Vs TradePlus Online 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
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 stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
 |  | |
| Trade Plus Online Review | Religare Securities Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Full Service Broker |
| Incorporated In the Year | 1995 | 1994 |
| Number of branches across India | 300 | 500 |
| Exchanges | NSE, BSE, MCX | NSE, BSE, MCX-SX, MCX & NCDEX |
| ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
| Trading Account Opening Charges | ₹199 | ₹500 |
| Trading Account Annual Maintenance Charges | ₹499 (for 5 years) | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹300 |
| Transaction Charges | TradePlus Online Transaction Charges | Religare Securities Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.1% | 0.5% |
| Intraday Delivery | 0.01% | 0.05% |
| Equity Futures | ₹799 per month for Unlimited trading or 0.01% whichever is lower | 0.05% |
| Equity Options | ₹99 per month for Unlimited trading or 0.01% whichever is lower | ₹70 per lot |
| Currency Futures | ₹99 per month for Unlimited trading or 0.01% whichever is lower | 0.05% |
| Currency Options | ₹99 per month for Unlimited trading or 0.01% whichever is lower | ₹30 per lot |
| Commodity | ₹99 per month for Unlimited trading or 0.01% whichever is lower | 0.05% |
| Brokerage Calculator | TradePlus Online Brokerage Calculator | Religare Securities Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | 4 times for Delivery on Shares when VAR margin is less than 20% | Upto 10 times Intraday, Upto 4 times delivery @interest |
| Equity Futures | NA | Upto 3 times for Intraday |
| Equity Options | Upto 2 times for Intraday | Buying no Leverage, shorting upto 3 times for Intraday |
| Currency Futures | NA | Upto 2 times for Intraday |
| Currency Options | Upto 2 times for Intraday | Buying no Leverage, shorting upto 2 times for Intraday |
| Commodities | Upto 2 times for Intraday | Upto 3 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| 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) | Nest On Web, Infini Trader, TradPlus Mobile | Religare Online, Trade On the Go, ODIN |
| Total BSE+NSE Complaints | 140 | 139 |
| OVERALL RATING |  |  |
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with Religare Securities Vs TradePlus Online for the benefits of other readers. Please feel free to share in the comments below.
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Summary
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Date
Broker Name
Religare Securities Vs TradePlus Online
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