Reviews of Stock Brokers

Religare Securities

When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of Religare Securities, one of India's prominent Full Service Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Religare Securities founded in 1984 by Maninder Singh is a Public company headquartered in Delhi, India India. As a Full Service Broker, Religare Securities aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Religare Securities operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewReligare Securities
Broker TypeFull Service Broker
Type of companyPublic
HeadquarterDelhi, India
FoundersManinder Singh
Foundation Year1984
Supported ExchangesBSE, NSE, MCX
Total branches1500

Religare Securities Account opening charges

To begin trading with Religare Securities, you need to open a trading account and a Demat account. Religare Securities charges Rs.500 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Free or Rs.300 per annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesReligare Securities
Trading Account Opening ChargesRs.500
Demat AMC (Annual Maintenance Charges)Free or Rs.300 per annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyRs.50,000
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Religare Securities Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Religare Securities brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesReligare Securities
Equity Delivery Brokerage0.10% – 0.40%
Equity Intraday Brokerage0.01% – 0.04%
Equity Futures Brokerage0.01% – 0.04%
Equity Options BrokerageRs.100 per lot

Currency Brokerage Charges

Currency Brokerage ChargesReligare Securities
Currency Futures Brokerage0.01% – 0.04%
Currency Options BrokerageRs.10 per lot

Commodity Brokerage Charges

Commodity Brokerage ChargesReligare Securities
Commodity Options Brokerage0.01% – 0.04%

Religare Securities Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesReligare Securities
Minimum Brokerage ChargesAs per Transaction
Transaction Brokerage Charges0.00370% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesRs 10 per executed order (max Rs 50 per day)

Religare Securities Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Religare Securities:

Equity LeverageReligare Securities
Equity DeliveryUpto 10x
Equity IntradayUpto 15x
Equity FuturesUpto 10x
Equity OptionsUpto 10x

Religare Securities Currency Leverage

Currency LeverageReligare Securities
Currency FuturesUpto 5x
Currency OptionsUpto 9x

Religare Securities Commodity Leverage

Equity LeverageReligare Securities
CommodityUpto 10x

Religare Securities Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

OffersReligare Securities
Free Stock Trading AccountYes
Free Demat AccountYes
Flexible PlansYes
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Religare Securities Features

FeaturesReligare Securities
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)Yes
Trading InstitutionNo
Trading ExposureUpto 15x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Religare Securities Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

ServicesReligare Securities
Fundamental ReportsYes
Research ReportsYes
Company ReportsYes
Annual ReportsYes
Company Stock ReviewYes
Free Stock TipsNo
IPO ReportsYes
Top PicksYes
Daily Market ReviewNo
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Religare Securities Trading Platforms

The Religare Securities trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.

Religare Securities Trading Platforms

Desktop Trading PlatformsReligare Securities
Desktop BrowserYes

Religare Securities Mobile App

The Religare Securities mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile AppReligare Securities
Mobile BrowserNo
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Religare Securities Web Trading

For web-based trading, Religare Securities offers a powerful trading website known as Religare Securities trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.

Religare Securities Trade Terminal

Religare Securities offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.

Religare Securities Customer Support

Customer SupportReligare Securities
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches56

Religare Securities Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by Religare Securities.

BSE ComplaintsReligare Securities
BSE Complaints126
BSE Resolved Complaints85
Percentage of resolved BSE complaints67.46%
NSE Complaints188
NSE Resolved Complaints145
Percentage of resolved NSE complaints77.13 %
BSE/NSE Complaint vs. Resolved Percentage72.29 %


In conclusion, Religare Securities offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, Religare Securities can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.