Religare Securities has been a broking company for over two decades and offers full service to its client base. They’ve created a sense of trust in their customers, and their constant improvement regarding technology and the investment services they provide has helped them stay in business for so long.
Our Religare Broking review will cover the brokerage charges, pros and cons, features, and much more to provide you a better idea of what to expect if you choose this platform as your brokerage company.
Why choose Religare Securities?
Even though this entire article would be all about the reasons to choose Religare Broking, along with its negatives, we’d still summarise the advantages and benefits you’d get with this brokerage platform.
Pros
- It’s a full-service broker
- Free trading AMC charges
- Advanced tools and educational resources
- No minimum margin money required
- Provides brokerage calculator tool
This platform also offers numerous investment products, which can never be wrong, right?
- Equity Trading
- Commodity Trading
- Currency Trading
- Options
- Futures
- Mutual Funds
- Forex
- Banking
- SIP
- Insurance
Other Products
1. Equity
Equity, also known as equity shares, is the company’s units through which the investors can hold a stake in the company.
2. Derivatives
Investors can now invest in commodities as well as derivatives. Instead of buying a commodity, you invest and derive value from it.
3. Currency
With this, investors can also invest in currencies of other countries.
4. Debt/Fixed Income
If you wish to avoid risk with securities, you can invest in debt or fixed-income securities.
5. ETF
Exchange Traded Funds is a basket of securities that are traded on the stock market.
Religare Broking Tools
Religare Securities offer several tools that assist investors and traders, such as
1. Portfolio tracker
You can track your portfolio and manage it to make wise investment decisions.
2. Smart charts
This tool provides extensive charts to keep track of your stocks, securities, and so on.
3. Stock screener
With this tool, you can research stocks and filter them based on prices, market capitalization, and other factors.
4. Research Dashboard
This tool allows you to analyze the current stock market trends.
5. Instant Help
The customer care support of Religare is always ready to serve its clients and solve their issues.
Religare Brokerage Charges
| Segment | Charges |
| Fixed monthly fee | N/A |
| Equity Delivery | 0.50% to 0.10% |
| Equity Intraday | 0.050% to 0.010% |
| Equity Futures | 0.05% |
| Equity Options | ₹70 per order |
| Currency Futures | 0.05% |
| Currency Options | ₹30 per order |
| Commodity Futures | 0.05% |
| Commodity Options | ₹30 per order |
Religare Exposure/Leverage
| Segment | Exposure |
| Equity Delivery | 1x |
| Equity Intraday | Up to 5x |
| Equity Futures | 1x |
| Equity Options | 1x |
| Currency Futures | 1x |
| Currency Options | 1x |
| Commodities | 1x |
| Margin Calculator | Available |
The Religare Securities Margin Calculator will make your life and calculating brokerage easier. You can calculate the specific exposure through this calculator, which is available online, as well as calculate the margin of any of the segments mentioned above. It’d let you know the margin you’d earn on investing or trading with Religare Broking.
Religare Trading Platforms
Religare Broking puts forth four trading platforms for its clients, and they are all valuable and efficient for the investors or traders, depending on which one suits them the best.
Religare Web Trading
Those who choose this platform should know that its a web-based browser and comprises several features, such as:
- It shows real-time market trends and data.
- It offers you to add numerous market watch lists along with multiple trading items, and the lists are customizable.
- The highlight is that this browser works even with low bandwidth, so it’s perfect for people in tier 3 or tier 4 cities.
- Access the last ten days of Intraday trading data and the last five years of historical data of the Indian trading industry.
- You can access this user-friendly platform anywhere and anytime on a desktop or laptop.
Religare Mobile Trading
This mobile app is an exciting trading platform. But there’s a twist, Religare has launched two mobile apps for its traders and investors. They are:
1. Religare Dynamic App
- Compatible with Android and iOS.
- Traders can trade across multiple segments.
- Simple interface and is easy-to-use for investors who wish to avoid complex mechanisms.
- They can add multiple customizable watch lists along with numerous trading items on the same platform.
- Customization of the app according to the user, including several alerts and notifications, are available.
2. Religare Securities On The Go
- Compatible with Android and iOS
- Access to downloadable files on investor’s blackberry devices
- Allows traders to place several orders on their mobiles
- Real-time data depending on the bandwidth across several exchanges and indices.
- They can add multiple customizable watch lists along with numerous trading items on the same platform.
- Allows users to track their order book, market depth, trade book, etc.
- Multiple analytical tools to analyze market trends, technical indicators, etc.
Religare Securities Terminal
Another vital trading platform for investors to choose from is a terminal-based platform that you can access as an executable file.
- You can download it on your Windows desktop.
- One platform to trade across various segments like equities, commodities, etc.
- Advanced portfolio tracker and real-time market watch
Other Platforms
1. Religare Web Portal
This portal is where you can get all the features and investment requirements. This easy-to-use tool is accessible from your laptop, desktop, and mobile phone.
2. Religare Dynamic
All your investment queries can be solved here on this platform, which is easy to use and efficient, and you can track your stocks, research, and do much more.
3. Religare Diet Odin
With this tool, you can trade in cash, mutual funds, IPOs, derivatives, and much more on one platform.
4. Dynamic Wrap
This platform is specifically for investments in mutual funds, SIP, and investment products.
Cons
It’s as essential to talk about the drawbacks of Religare Broking as its pros.
- 24*7 customer care isn’t available
- A considerable margin amount of money is required to be maintained
Faqs
Religare Broking follows the percentage model, and as per this model, it charges the lowest percentage from its traders.
Yes, Religare does have a trading app because stock trading and investment are highly dependent on technology.
Yes, since Religare Broking is a full-service company, it also offers research options. It’d help you vastly in making the right investment decisions.
Conclusion
Despite Religare’s drawbacks, there are several reasons why you should rely on it and choose it as your brokerage platform. We’ve compiled all our research regarding this platform in our Religare Broking review, and now it’s up to you to decide whether it lives up to the expectations it has set or not.