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Firstock vs Religare Broking (Compare Firstock and Religare Broking)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Firstock vs Religare Broking, Below comparison of Firstock vs Religare Broking highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of Firstock vs Religare Broking is given below:

Firstock

Religare Broking

	Firstock	Religare Broking

About The Brokers

Firstock :

Incorporated in 2021, Firstock Broking Pvt. Ltd is a tech-driven discount broking platform offering seamless investing in Stocks, F&O, ETFs, SGBs, G-Secs, and Stock SIPs. Enjoy free deliver >>> more

Religare Broking :

"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 branch network >>> more

Find More Information about the Broker :

Firstock :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS

Religare Broking :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING

Type of Broker

Firstock :

Discount Broker

Religare Broking :

Full Service Broker

Promo/offers

Firstock :

N/A

Religare Broking :

N/A

Advantage

Firstock :

✔ What Firstock Does Well

✓	₹0 delivery brokerage
✓	₹0 AMC lifetime + ₹0 account opening
✓	₹0 pledge charges — rare benefit for margin traders
✓	₹0 payment gateway — add funds without any charge
✓	₹0 direct MF investment charges
✓	Free API for algo trading
✓	TradingView-integrated charts across web & desktop
✓	GTT orders, basket orders, strategy builder
✓	NRI accounts (NRE + NRO, PIS + non-PIS)
✓	MF, IPO, G-Secs, Sovereign Gold Bonds, ETFs — wide product range
✓	Desktop .exe + web + mobile triple platform

Religare Broking :

It provides Instant discount plan.
Easy to use experience on the app and online trading
You can fund your account through physical cheque submission in the branch
They have a research plan for more than 300 companies
Derivatives trading, NRI services, mutual funds, IPOs, and online life insurance.
Multiple Registration bank account facility is available
Daily trading confirmation calls

Disadvantage

Firstock :

✘ Where Firstock Falls Short

✗	Very new brand (Firstock since June 2025) — limited public track record and review data
✗	Small user base (25,000+ active) — less stress-tested infrastructure vs major brokers
✗	No commodity trading (MCX)
✗	Call & Trade: ₹50+GST per order — high for a smaller broker
✗	Auto square-off: ₹50+GST per order
✗	DDPI charge: ₹100+GST one-time
✗	Login delay issues reported during heavy market sessions
✗	Bangalore-only head office; no physical branch presence
✗	F&O brokerage ₹20 is standard, not a differentiator

Religare Broking :

Can be improved on the transparency of fees, brokerage and other charges.
High Brokerage charges
Minimum Brokerage charged
No Live Chat Facility

Why This

Firstock :

They offer a wide range of services, including Equity (Stocks), Futures & Options (F&O), ETFs (Exchange Traded Funds), Sovereign Gold Bonds (SGBs), Government Securities (G-Secs), and Stock SIPs.
You can access trading through their feature-rich mobile app, web platform, and desktop Exe, catering to all types of traders.
You can unlock additional margin instantly using existing holdings, allowing you to maximize your trading capacity without selling assets.
Get instant trade updates, market alerts, and notifications, helping you stay on top of market movements and act swiftly.
Analyze company performance with interactive charts and detailed financial reports, helping you make well-informed, research-backed investment decisions.
The account opening process is easy and paperless, with instant verification via Aadhaar and DigiLocker.
They offer a Discount Plan with brokerage charges as low as Rs 20 per executed order across various segments, including Equity Delivery, Intraday, Futures, Options, Currency, and Commodity.

Religare Broking :

Religare is registered at both, National Stock Exchange and Bombay Stock Exchange. Also, provide products such as Equities, Currencies, Commodities, IPOs, Mutual Funds, Bonds/NCDs through NSE, BSE, MCXSX, USE.
Religare has been appreciated by various organizations for its top–class services and contributions to the industry.
Religare provides some of the best facilities in research. For example – It provides an easily accessible platform for stock market research called Tech scan.
It covered a significant part of India through its outlets and partnered with ten banks for providing various services to its clients
Dedicated Branch & Relationship manager

Firstock vs Religare Broking Account Opening & AMC Charges

Firstock Trading Account Opening Fee is ₹0 and Religare Broking Trading Account Opening Fee is Rs 500 . Firstock Demat Account AMC is ₹0 and Religare Broking Demat Account AMC is Rs 400 from second year onward .

	Firstock	Religare Broking
Trading Account Opening Fee	Trading Account Opening Fee : ₹0	Trading Account Opening Fee : Rs 500
Demat Account Opening Fee	Demat Account Opening Fee : ₹0	Demat Account Opening Fee : Nil
Demat Account AMC	Demat Account AMC : ₹0	Demat Account AMC : Rs 400 from second year onward
Trading Account AMC	Trading Account AMC : ₹0	Trading Account AMC : Nil

Firstock vs Religare Broking Brokerage Charges

Firstock Brokerage Charges Religare Broking Brokerage Charges Equity Delivery is 0.50% to 0.10% and Equity Intraday is 0.050% to 0.010% and Equity Options is Rs 70 per lot .

	Firstock	Religare Broking
Plan Name	Plan Name : Standard Plan	Plan Name : Standard Plan
Equity Delivery	Equity Delivery : ₹0	Equity Delivery : 0.50% to 0.10%
Equity Intraday	Equity Intraday : ₹20 per executed order	Equity Intraday : 0.050% to 0.010%
Equity Future	Equity Future : ₹20 per order, 0.03% or whichever is lower	Equity Future : 0.05%
Equity Options	Equity Options : ₹20 per order, 0.03% or whichever is lower	Equity Options : Rs 70 per lot
Currency Futures	Currency Futures : -	Currency Futures : 0.05%
Currency Options	Currency Options : -	Currency Options : Rs 30 per lot
Monthly Fee	Monthly Fee : -	Monthly Fee : -
Margin Trading	Margin Trading : -	Margin Trading : 0.025%
Commodity Futures	Commodity Futures : -	Commodity Futures : 0.05%
Commodity Options	Commodity Options : -	Commodity Options : Rs 30 per lot

Firstock vs Religare Broking Exchange Transaction Charges

Firstock Exchange Transaction Charges Equity Future is ₹20 per order, 0.03% or whichever is lower and Equity Options is ₹20 per order, 0.03% or whichever is lower . Religare Broking Exchange Transaction Charges Equity Future is 0.004% and Equity Options is 0.06% on Premium .

	Firstock	Religare Broking
Equity Delivery	Equity Delivery : ₹0	Equity Delivery : 0.0037%
Equity Intraday	Equity Intraday : Rs 20 per executed order	Equity Intraday : 0.0037%
Equity Future *	Equity Future : ₹20 per order, 0.03% or whichever is lower	Equity Future : 0.004%
Equity Options *	Equity Options : ₹20 per order, 0.03% or whichever is lower	Equity Options : 0.06% on Premium
Currency Futures *	Currency Futures : -	Currency Futures : 0.004%
Currency Options	Currency Options : -	Currency Options : 0.06% on Premium
Commodity	Commodity : -	Commodity : 0.0035%

Firstock vs Religare Broking Other Charges

Firstock and Call & Trade is ₹50 . Religare Broking Minimum Brokerage is 1p per share and Call & Trade is Rs 10 per executed order (max Rs 50 per day) .

	Firstock	Religare Broking
Minimum Brokerage	Minimum Brokerage : -	Minimum Brokerage : 1p per share
Call & Trade	Call & Trade : ₹50	Call & Trade : Rs 10 per executed order (max Rs 50 per day)
Stamp Duty *	Stamp Duty : Delivery: 0.015%, Intraday: 0.003%	Stamp Duty : -
DP Charges (on sell side)	DP Charges (on sell side) : -	DP Charges (on sell side) : ₹12 + ₹5.5 (CDSL) per scrip
Other Miscellaneous Charges	Other Miscellaneous Charges : -	Other Miscellaneous Charges : -

Firstock vs Religare Broking Features

Firstock and Religare Broking both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

	Firstock	Religare Broking
Trading Platform	Trading Platform : Trade & Invest: Mobile App, Desktop Exe, Web	Trading Platform : Odin Diet, Web, Dynami
Placing orders through charts	Placing orders through charts : Yes	Placing orders through charts : No
Trading Alerts	Trading Alerts : Yes	Trading Alerts : No
Research and Advice / Trading Tips	Research and Advice / Trading Tips : No	Research and Advice / Trading Tips : -
Detailed Education Initiatives	Detailed Education Initiatives : No	Detailed Education Initiatives : No
Unique features & Offers	Unique features & Offers : -	Unique features & Offers : -
Referral Program	Referral Program : Yes	Referral Program : -
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : Yes	Margin Against Shares (Equity Cash) : Yes
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : Yes	Margin Against Shares (Equity F&O) : Yes

Firstock vs Religare Broking Demat Account Charges

A comparative table of various demat account charges between Firstock and Religare Broking is below:

	Firstock	Religare Broking
Depository Service Provider	Depository Service Provider : CDSL and NSDL	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : ₹0	Account Opening Fee : NIL
Advance Deposit	Advance Deposit : -	Advance Deposit : Rs 500
AMC	AMC : ₹0	AMC : Client opting for digital statement: Rs 300 per annum Client opting for physical statement: Rs 400 per annum
Dematerialisation Charges	Dematerialisation Charges : ₹150 (per certificate)	Dematerialisation Charges : Rs 2 per certificate + Rs 30 Courier Charges
Rematerialisation Charges	Rematerialisation Charges : ₹150 (per certificate)	Rematerialisation Charges : Rs 20 per certificate + CDSL Charges + Rs 30 Courier Charges
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : Sell-Rs.8-+ Rs.5.50/- + GST (CDSL Charges)	Transaction Charges (debit) : Delivery given to Religare Pool Account: Rs 15 (Client with POA Religare), Rs 25 (Client without POA Religare) Any other Account: Rs 30 per debit or 0.02% of the value of transaction whichever is higher
Pledge Creation Charges	Pledge Creation Charges : -	Pledge Creation Charges : Rs 50 per request or 0.02% of the value of securities whichever is higher
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : -	Pledge Creation Confirmation Charges : Rs 50 per request or 0.02% of the value of securities whichever is higher
Pledge Invocation Charges	Pledge Invocation Charges : -	Pledge Invocation Charges : Rs 50 per request or 0.02% of the value of securities whichever is higher
Failed Instruction Charges	Failed Instruction Charges : -	Failed Instruction Charges : Nil
Other Charges	Other Charges : -	Other Charges : Demat Rejection Charges Rs 30 per rejection. Delivery Instruction Booklet Rs 1 per leaflet.

Firstock vs Religare Broking Basic Details

Firstock Year of Incorporation is 2021 and and . Religare Broking Year of Incorporation is 1994 and Total Number of Clients is 143944 and Total Number of Branches is 1500 .

	Firstock	Religare Broking
Year of Incorporation	Year of Incorporation : 2021	Year of Incorporation : 1994
Active Exchange Memberships	Active Exchange Memberships : NSE, BSE	Active Exchange Memberships : NSE, BSE, MCX, NCDEX
Demat Services	Demat Services : CDSL, NSDL	Demat Services : Yes
Website	Website : https://www.firstock.in/	Website : https://www.religareonline.com
Contact Details	Contact Details : 080 4670 2050	Contact Details : 011-39125000
Total Number of Clients	Total Number of Clients : -	Total Number of Clients : 143,944
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : 1500
Products *	Products : Equity, F&O, ETFs, SGBs	Products : -

Firstock vs Religare Broking Orders

Orders

	Firstock	Religare Broking
Cover Orders (CO)	Cover Orders (CO) : No	Cover Orders (CO) : No
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : No	Bracket orders / One Cancels Other (BO / OCO) : No
After Market Orders (AMO)	After Market Orders (AMO) : Yes	After Market Orders (AMO) : No
Buy Today Sell Tomorrow (BTST) *	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : Yes
Sell Today Buy Tomorrow (STBT) *	Sell Today Buy Tomorrow (STBT) : Yes	Sell Today Buy Tomorrow (STBT) : Yes
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : No	Good Till Cancelled (GTC) : Yes

Firstock vs Religare Broking Research and Advice / Trading Tips

Research and Advice / Trading Tips

	Firstock	Religare Broking
Equity Trading Recommendation *	Equity Trading Recommendation : No	Equity Trading Recommendation : -
Equity Investment Recommendation *	Equity Investment Recommendation : No	Equity Investment Recommendation : -
Recommendation basis risk Profile *	Recommendation basis risk Profile : No	Recommendation basis risk Profile : -
Comparison *	Comparison : No	Comparison : -
Free Tips *	Free Tips : No	Free Tips : Yes
Daily Market report *	Daily Market report : No	Daily Market report : Yes
ETF research *	ETF research : Yes	ETF research : -
Quarterly Results *	Quarterly Results : No	Quarterly Results : Yes

Firstock vs Religare Broking Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Firstock	Religare Broking
Availability for franchisee / AP	Availability for franchisee / AP : No	Availability for franchisee / AP : Yes
Investment required for Franchisee / AP	Investment required for Franchisee / AP : No	Investment required for Franchisee / AP : Rs. 2 lakh (for commodity, the charges are Rs 1-2 lakh)

Firstock vs Religare Broking Product & Services

Firstock and Religare Broking both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

	Firstock	Religare Broking
Delivery Based Trading *	Delivery Based Trading : Yes	Delivery Based Trading : -
Margin Trading *	Margin Trading : Yes	Margin Trading : -
Call N Trade *	Call N Trade : Yes	Call N Trade : -
Trading in Both the exchanges *	Trading in Both the exchanges : Yes	Trading in Both the exchanges : -
Limit Order *	Limit Order : Yes	Limit Order : -
3-in-1 On-line Trading Account *	3-in-1 On-line Trading Account : No	3-in-1 On-line Trading Account : -
NRI Services *	NRI Services : Yes	NRI Services : -
SMS Alerts *	SMS Alerts : Yes	SMS Alerts : Yes
Offers Multiple Plan *	Offers Multiple Plan : No	Offers Multiple Plan : -
IPO Investment *	IPO Investment : Yes	IPO Investment : -
Portfolio Analysis *	Portfolio Analysis : No	Portfolio Analysis : -
Advanced Charting Features *	Advanced Charting Features : Yes	Advanced Charting Features : -
Brokerage Calculator *	Brokerage Calculator : Yes	Brokerage Calculator : -
Margin Calculator *	Margin Calculator : Yes	Margin Calculator : -
Stop Loss Order *	Stop Loss Order : -	Stop Loss Order : -
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : -	Bracket Orders & Trailing Stop Loss : -
Equity Future & Option Trading *	Equity Future & Option Trading : Yes	Equity Future & Option Trading : -
Currency Future & Option Trading *	Currency Future & Option Trading : No	Currency Future & Option Trading : -
Market Trading *	Market Trading : Yes	Market Trading : -
Monthly & Yearly Plan *	Monthly & Yearly Plan : No	Monthly & Yearly Plan : -
Aumtomated Trading *	Aumtomated Trading : Yes	Aumtomated Trading : -

Firstock vs Religare Broking Customer Services

Firstock and Religare Broking both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

	Firstock	Religare Broking
Toll Free Number *	Toll Free Number : Yes	Toll Free Number : -
Live Chat Facility *	Live Chat Facility : No	Live Chat Facility : -
Email Facility *	Email Facility : Yes	Email Facility : -
Branch Offices *	Branch Offices : No	Branch Offices : -
Customer Care *	Customer Care : Yes	Customer Care : -
Community Service *	Community Service : No	Community Service : -
Relationship Manager *	Relationship Manager : No	Relationship Manager : -
24/7 Support *	24/7 Support : No	24/7 Support : -

Firstock vs Religare Broking Other Investement

Firstock and Religare Broking both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

	Firstock	Religare Broking
Commodity Trading *	Commodity Trading : No	Commodity Trading : -
Investment in ETFs *	Investment in ETFs : Yes	Investment in ETFs : -
Investment in Mutual Funds *	Investment in Mutual Funds : Yes	Investment in Mutual Funds : -
Investment in Bonds *	Investment in Bonds : No	Investment in Bonds : -
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : No	Investment in Corporate Debt instruments : -
Insurance Services *	Insurance Services : No	Insurance Services : -
Banking Services *	Banking Services : No	Banking Services : -

Firstock vs Religare Broking Trading Platform

Firstock and Religare Broking both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

	Firstock	Religare Broking
Web Platform *	Web Platform : Yes	Web Platform : -
Android Mobile App *	Android Mobile App : Yes	Android Mobile App : -
Desktop Windows *	Desktop Windows : Yes	Desktop Windows : -
Desktop Mac *	Desktop Mac : No	Desktop Mac : -
I-Pad App *	I-Pad App : No	I-Pad App : -
Virtual Trading *	Virtual Trading : -	Virtual Trading : -
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : -
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