Religare Securities Review and Brokerage Information

Religare Securities Review

Religare Securities Ltd. (RSL) is a wholly owned subsidiary of Religare Enterprises Limited (REL), a leading diversified financial services group from India. RSL is one of the market leading securities firms in India serving over 8 lakh clients across both Offline and Online platforms. Through its extensive footprint extending to over 500 cities, the company offers broking services in Equity, Currency and Commodity (through its subsidiary Religare Commodities Limited) as well as depository participant services.

RSL is a member of the NSE, BSE, MCXSX, USE and a depository participant with NSDL and CDSL. RSL also offers TIN facilitation & PAN facility at select branches – a unique service to help an individual with PAN, TAN and TDS/TCS returns related requirements. In addition, RSL is an NSDL-appointed enrollment agency for Aadhaar UID (Unique Identification Number) and an AMFI-registered mutual fund distributor.

  Religare Securities Account Types

Religare has their proprietary trading platform called Religare Advanced Client Engine (R-ACE). It has three version designed to suit the trading experience of the user and their requirements. The customer can choose any of the trading platform of his choice

1) R-ACE (Basic)

R-ACE (Basic) is for the user who don’t wish to or cannot install any software on their system, for example somebody who trades from their office where installation of their party software is prohibited. Basic account enable you to trade with a browser-based online trading platform with no requirement of an additional software  installation. Customers can trade and get their account information both online as well as offline through the phone. 

2) R-ACE Lite (Advanced)

This is also a web based trading platform but has some of the advanced features such as alerts and real time streaming quotes of the stock prices.

3) R-ACE Pro (Professional)

This account is for professional traders who need additional and quick information for their trading. To use this account, the customer has to install the application in their computer. The terminal interacts directly to the stock market. Some of the features of the R-ACE Pro platform us are : technical charting (intra-day and EOD), multiple watch list, advanced hot-key functions for faster trading, derivative chains, futures & options calculator etc.

  Religare Brokerage Charges

Please find the brokerage fees of Religare Securities in the table below

Religare Brokerage Charges
Equity Charges
Equity Delivery Equity IntradayEquity FuturesEquity Options
Brokerage0.5%0.05%0.05%Rs70/lot
Transaction/Turnover Charges0.00325%0.00325%0.004%0.06% (On Premium)
Service Tax12% on (Brokerage + transaction Charges)12% on (Brokerage + transaction Charges)12% on (Brokerage + transaction Charges)12% on (Brokerage + transaction Charges)
Education Cess2% on (Brokerage + transaction Charges)2% on (Brokerage + transaction Charges)2% on (Brokerage + transaction Charges)2% on (Brokerage + transaction Charges)
Higher Education Cess1% on (Brokerage + transaction Charges)1% on (Brokerage + transaction Charges)1% on (Brokerage + transaction Charges)1% on (Brokerage + transaction Charges)
SEBI ChargesRs20/CroreRs20/CroreRs20/CroreRs20/Crore
Currency Charges
Currency Futures Equity Options
Brokerage0.05%Rs30/lot
Transaction/Turnover Charges0.004%0.06% (On Premium)
Service Tax12% on (Brokerage + transaction Charges)12% on (Brokerage + transaction Charges)
Education Cess2% on (Brokerage + transaction Charges)2% on (Brokerage + transaction Charges)
Higher Education Cess1% on (Brokerage + transaction Charges)1% on (Brokerage + transaction Charges)
SEBI ChargesRs20/CroreRs20/Crore
Commodity Charges
Brokerage0.05%
Transaction/Turnover Charges0.0035%
Service Tax12% on (Brokerage + transaction Charges)
Education Cess2% on (Brokerage + transaction Charges)
Higher Education Cess1% on (Brokerage + transaction Charges)
SEBI ChargesRs20/Crore

  Religare Trading Platforms

ODIN DIET

Religare provides the Odin Diet platforms. The Odin Diet platform is developed by Financial Technologies Limited and it is an application-based trading front office solution enabling clients to connect to their broker’s servers via the Internet. It is a light-weight easily downloadable application which facilitates efficient trading and incorporates many appealing features required by active clients.

 Religare Securities Mobile - Trade on the GO,/p>

Religare also offers Mobile based trading platform called “Trade on the GO”. You can enjoy simple, convenient and hassle free trading across Indian Equities, Derivatives, Commodities & Currencies at your fingertips

  Religare Securities right for “YOU”

Religare is Full Service broker and hence they provide the daily tips and recommendations. Their research picks are good and have in depth analysis. You can benefit from both of them.

Religare Securities is a NO to you if you day trade the stocks. Their brokerage are high and hence you will end up in loosing big portion of your profit in the form of brokerage and other taxes.

Religare doesn’t provide 3-in-1 account, hence you have to transfer the amount to their account before you start trading.

Also Read : Top 10 share market brokers in India


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  How to open Demat account with Religare?

Interested in opening account with Religare securities? please click here

  Sharing is definitely caring!

That’s about review of Religare Securities and thier brokerage charges.  If you already have account with them, let us know your experience (good or bad) and ratings/critics or any problems/issues faced through the comments. And oh yes!, consider sharing this review with your family and friends through the social sharing buttons on your left/below

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Summary
Reviewed Item
Religare Securities
Author Rating
4

Filed Under : Indian Share Brokers Reviews

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