Top Stock Advisory
Nine Star vs. Religare Securities
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Nine Star and Religare Securities. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Nine Star and Religare Securities.
Overview
Nine Star is private company and Religare Securities is public company. both are full service broker as well. Raj Kumar Dugar co-founded Nine Star in 2010. And Religare Securities was founded in the year 1984 by Maninder Singh. Nine Star's headquarters are in Kolkata and Religare Securities's headquarters are in Delhi, India.
Nine Star and Religare Securities both are full service broker as well. Nine Star is registered in NA, while Religare Securities is registered in BSE, NSE, MCX. The total branches of Nine Star are Nil and the Religare Securities branches are 1500.
| Overview | Nine Star | Religare Securities |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Private | Public |
| Headquarter | Kolkata | Delhi, India |
| Founders | Raj Kumar Dugar | Maninder Singh |
| Foundation Year | 2010 | 1984 |
| Supported Exchanges | NA | BSE, NSE, MCX |
| Total branches | Nil | 1500 |
Nine Star and Religare Securities Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Nine Star charging Rs.300 and Religare Securities charging Rs.500.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Nine Star Demat account is Free and for the Religare Securities Demat account is Free or Rs.300 per annum. The Trading AMC for Nine Star and Religare Securities is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Nine Star and Religare Securities is CDSL.
| Account Opening and Demat Charges | Nine Star | Religare Securities |
|---|---|---|
| Trading Account Opening Charges | Rs.300 | Rs.500 |
| Demat AMC (Annual Maintenance Charges) | Free | Free or Rs.300 per annum |
| Trading AMC (Annual Maintenance Charges) | Rs.250 per Annum | Free |
| Margin Money | Minimum Rs.3,000 | Rs.50,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Nine Star and Religare Securities Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Nine Star is 0.35%, while Religare Securities charges you 0.10% – 0.40%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Nine Star is 0.04% and for Religare Securities also, it is 0.01% – 0.04%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Nine Star charge 0.04% and Religare Securities charge 0.01% – 0.04% for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Nine Star charges Rs.35 per Lot, and Religare Securities charges Rs.100 per lot.
| Equity Brokerage Charges | Nine Star | Religare Securities |
|---|---|---|
| Equity Delivery Brokerage | 0.35% | 0.10% – 0.40% |
| Equity Intraday Brokerage | 0.04% | 0.01% – 0.04% |
| Equity Futures Brokerage | 0.04% | 0.01% – 0.04% |
| Equity Options Brokerage | Rs.35 per Lot | Rs.100 per lot |
Nine Star and Religare Securities Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Nine Star is 0.04% and for Religare Securities is 0.01% – 0.04%.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Nine Star charges Rs.20 per Lot for currency options, whereas Nine Star charges Rs.10 per lot.
| Currency Brokerage Charges | Nine Star | Religare Securities |
|---|---|---|
| Currency Futures Brokerage | 0.04% | 0.01% – 0.04% |
| Currency Options Brokerage | Rs.20 per Lot | Rs.10 per lot |
Nine Star and Religare Securities Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Nine Star charges NA for commodity trading, while Religare Securities charges 0.01% – 0.04%.
| Commodity Brokerage Charges | Nine Star | Religare Securities |
|---|---|---|
| Commodity Options Brokerage | NA | 0.01% – 0.04% |
Nine Star and Religare Securities Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Nine Star levies a minimum brokerage fee of Percentage of Transaction, while Religare Securities charges As per Transaction brokerage fee.
Transaction Brokerage Charges: Nine Star levies a transaction brokerage charge of 0.00325%, while Religare Securities charges 0.00370% of Total Turnover.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Nine Star is 0.0002% of Total Turnover and for Nine Star is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Nine Star are 0.0126% of Total Turnover, while for Religare Securities, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Nine Star charges NA and Religare Securities charges Rs 10 per executed order (max Rs 50 per day).
| Other Brokerage Charges | Nine Star | Religare Securities |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | As per Transaction | Transaction Brokerage Charges | 0.00325% | 0.00370% of Total Turnover | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | NA | Rs 10 per executed order (max Rs 50 per day) |
Nine Star and Religare Securities Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Nine Star is up to Upto 1x and by Religare Securities it is up to Upto 10x.
Equity Intraday: Leverage for equity intraday by Nine Star is up to Upto 6x and by Religare Securities it is up to Upto 15x.
Equity Futures: Leverage for Equity Futures by Nine Star is up to Upto 2x and by Religare Securities it is up to Upto 10x.
Equity Options: Leverage for Equity Options by Nine Star is up to Upto 2x and by Religare Securities also, it is up to Upto 10x.
| Equity Leverage | Nine Star | Religare Securities |
|---|---|---|
| Equity Delivery | Upto 1x | Upto 10x | Equity Intraday | Upto 6x | Upto 15x | Equity Futures | Upto 2x | Upto 10x | Equity Options | Upto 2x | Upto 10x |
Nine Star and Religare Securities Currency Leverage
The currency futures leverage provided by Nine Star is up to Upto 4x, while for Religare Securities it is up to Upto 5x.
The currency options leverage provided by Nine Star is up to Upto 3x, while for Religare Securities it is up to Upto 9x.
| Currency Leverage | Nine Star | Religare Securities |
|---|---|---|
| Currency Futures | Upto 4x | Upto 5x | Currency Options | Upto 3x | Upto 9x |
Nine Star and Religare Securities Commodity Leverage
The commodity leverage provided by Nine Star is up to Upto 3x, while for Religare Securities it is up to Upto 10x.
| Commodity Leverage | Nine Star | Religare Securities |
|---|---|---|
| Commodity | Upto 3x | Upto 10x |
Nine Star and Religare Securities Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Nine Star | Religare Securities |
|---|---|---|
| Free Stock Trading Account | No | Yes | Free Demat Account | No | Yes | Flexible Plans | Yes | Yes | Brokerage Discounts | No | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Nine Star and Religare Securities Features
Equity Trading: Nine Star and Religare Securities brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Nine Star and Religare Securities also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Nine Star and Religare Securities broker is that you can also invest in IPOs. Nine Star also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Nine Star offers trading exposure of up to Upto 6x, while Religare Securities gives up to Upto 15x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Nine Star and Religare Securities, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Nine Star and Religare Securities also allow you to trade in forex trading.
| Features | Nine Star | Religare Securities |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | No | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | Yes |
| Trading Institution | No | No | Trading Exposure | Upto 6x | Upto 15x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | No | No |
Nine Star and Religare Securities Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Nine Star and Religare Securities offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Nine Star | Religare Securities |
|---|---|---|
| Fundamental Reports | No | Yes |
| Research Reports | No | Yes |
| Company Reports | No | Yes |
| Annual Reports | No | Yes |
| Company Stock Review | No | Yes |
| Free Stock Tips | Yes | No |
| IPO Reports | Yes | Yes |
| Top Picks | No | Yes |
| Daily Market Review | Yes | No |
| Monthly Reports | Yes | Yes |
| Weekly reports | Yes | Yes |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Nine Star and Religare Securities Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Nine Star and Religare Securities offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Nine Star | Religare Securities |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Nine Star and Religare Securities Mobile Trading Platforms
Nine Star and Religare Securities offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Nine Star | Religare Securities |
|---|---|---|
| Mobile Browser | No | No |
| Android App | No | Yes |
| iOS App | No | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Nine Star and Religare Securities Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Nine Star and Religare Securities give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Nine Star | Religare Securities |
|---|---|---|
| Relationship Manager | Yes | Yes |
| Offline Trading | Yes | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 284 | 56 |
Nine Star and Religare Securities Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Nine Star and Religare Securities registered and resolved complaints.
For Nine Star, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
For Religare Securities, the Percentage of resolved BSE complaints is 67.46% and the Percentage of resolved NSE complaints is 77.13 %.
We can say that Nine Star is better than Religare Securities in case of resolving customer complaints.
| BSE Complaints | Nine Star | Religare Securities |
|---|---|---|
| BSE Complaints | 0 | 126 |
| BSE Resolved Complaints | 0 | 85 |
| Percentage of resolved BSE complaints | NaN % | 67.46% |
| NSE Complaints | 4 | 188 |
| NSE Resolved Complaints | 4 | 145 |
| Percentage of resolved NSE complaints | 100.00 % | 77.13 % |
| BSE/NSE Complaint vs. Resolved Percentage | NaN % | 72.29 % |
Frequently Asked Questions
Is Nine Star better than Religare Securities?
Nine Star and Religare Securities are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Religare Securities better than Nine Star?
Religare Securities and Nine Star are at the top among the best full service brokers. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Nine Star and Religare Securities?
Nine Star and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Nine Star and Religare Securities?
To figure out which of the two stockbrokers, Nine Star and Religare Securities, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Nine Star with other stock brokers
Visit the following pages to see a detailed comparision report of Nine Star with other brokerage firms.
Compare Religare Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Religare Securities with other brokerage firms.