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ICICI Direct vs Religare Broking (Compare ICICI Direct 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 ICICI Direct vs Religare Broking, Below comparison of ICICI Direct 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 ICICI Direct vs Religare Broking is given below:

ICICI Direct Religare Broking
About The Brokers
ICICI Direct :

"ICICIdirect.com, an award winning, pioneering online broking platform, The platform not only offers convenient ways to invest in Equity, Derivatives, Currency Futur   >>> 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 :
ICICI Direct :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Religare Broking :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
ICICI Direct :
 Full Service Broker
Religare Broking :
 Full Service Broker
Promo/offers
ICICI Direct :
Special Offer: ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 5 minutes from sell orders + Free trading tips. Open Instant Account Now
Religare Broking :
N/A
Advantage
ICICI Direct :
  •  3-in-1 online trading account.
  •  Security of your investment & money
  •  24/7 customer service.
  •   Easy-to-use website.
  •  Innovative offerings like - Margin, MarginPlus, BTST, SPOT.
  •  Derivatives trading,NRI services, mutual funds, IPOs and on-line life insurance.
  •  Own DP services
  •  Award winning research services
  •  Instant payout for your stocks sold (eATM)
  • By Subscribing ICICI Direct Neo Plan you get ZERO BROKERAGE IN FUTURES, RS 20 UNLIMITED PER ORDER BROKERAGE IN OPTIONS AND INTRADAY EQUITY !
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
ICICI Direct :
  •  Very High delivery brokerage.
  •  Not a good fit for small and penny stock traders.
  •  Charges for trading terminal usage.
  •  High Minimum Brokerage Charges.
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
ICICI Direct :
  •   A Unique 3-in-1 On-line Trading Account, which includes ICICI Bank Account, ICICI Trading Account and ICICI Demat Account, is the key offering for retail stock market investors in India.
  •   Security: Instead of transferring monies to a broker's pool or towards deposits, you can manage your own demat and bank accounts when you trade through ICICIdirect.com. It provides you the flexibility to pay only when you trade.
  •   Largest Equity E-Broking House with >40 Lac customers.
  •   Share trading in both NSE and BSE, innovative offerings like - Margin, MarginPlus, BTST, SPOT, Derivatives trading, overseas trading, mutual funds, IPOs and on-line life insurance.
  •   Call-n-Trade: you can place orders securely over the telephone with the Call N Trade service.
  •   Award Winning Research
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
Open Account

ICICI Direct vs Religare Broking Account Opening & AMC Charges

ICICI Direct Trading Account Opening Fee is Rs 0 (Free) and Religare Broking Trading Account Opening Fee is Rs 500 . ICICI Direct Demat Account AMC is Rs 300 (from 2nd year) and Religare Broking Demat Account AMC is Rs 400 from second year onward .

ICICI Direct Religare Broking
Trading Account Opening Fee Trading Account Opening Fee :

Rs 0 (Free)

Trading Account Opening Fee :

Rs 500

Demat Account Opening Fee Demat Account Opening Fee :

Rs 0 (Free)

Demat Account Opening Fee :

Nil

Demat Account AMC Demat Account AMC :

Rs 300 (from 2nd year)

Demat Account AMC :

Rs 400 from second year onward

Trading Account AMC Trading Account AMC :

Rs 0 (Free)

Trading Account AMC :

Nil


ICICI Direct vs Religare Broking Brokerage Charges

ICICI Direct Brokerage Charges Equity Delivery is 0.55% and Equity Intraday is 0.275% and Equity Options is Rs 95 per lot . 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 .

ICICI Direct Religare Broking
Plan Name Plan Name :

I-Secure Plan

Plan Name :

ICICIDirect Neo Plan

Plan Name :

Standard Plan

Equity Delivery Equity Delivery :

0.55%

Equity Delivery :

0.55%

Equity Delivery :

0.50% to 0.10%

Equity Intraday Equity Intraday :

0.275%

Equity Intraday :

Rs 20 per order

Equity Intraday :

0.050% to 0.010%

Equity Future Equity Future :

0.05%

Equity Future :

Rs 0 (Free)

Equity Future :

0.05%

Equity Options Equity Options :

Rs 95 per lot

Equity Options :

Rs 20 per order

Equity Options :

Rs 70 per lot

Currency Futures Currency Futures :

Rs 20 per order

Currency Futures :

Rs 20 per order

Currency Futures :

0.05%

Currency Options Currency Options :

Rs 20 per order

Currency Options :

Rs 20 per order

Currency Options :

Rs 30 per lot

Monthly Fee Monthly Fee :

NA

Monthly Fee :

NA

Monthly Fee : -
Margin Trading Margin Trading :

0.05% - 0.03%

Margin Trading :

0.05% - 0.03%

Margin Trading :

0.025%

Commodity Futures Commodity Futures :

Rs 20 per order

Commodity Futures :

Rs 20 per order

Commodity Futures :

0.05%

Commodity Options Commodity Options :

Rs 20 per order

Commodity Options :

Rs 20 per order

Commodity Options :

Rs 30 per lot


ICICI Direct vs Religare Broking Exchange Transaction Charges

ICICI Direct Exchange Transaction Charges Equity Future is Rs 180 per Cr (0.0018%) and Equity Options is Rs 5000 per Cr (0.05%) (on premium) . Religare Broking Exchange Transaction Charges Equity Future is 0.004% and Equity Options is 0.06% on Premium .

ICICI Direct Religare Broking
Equity Delivery Equity Delivery :

NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)

Equity Delivery :

0.0037%

Equity Intraday Equity Intraday :

NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)

Equity Intraday :

0.0037%

Equity Future * Equity Future :

Rs 180 per Cr (0.0018%)

Equity Future :

0.004%

Equity Options * Equity Options :

Rs 5000 per Cr (0.05%) (on premium)

Equity Options :

0.06% on Premium

Currency Futures * Currency Futures :

Rs 120 per Cr (0.0012%)

Currency Futures :

0.004%

Currency Options Currency Options :

Rs 5000 per Cr (0.05%) (on premium)

Currency Options :

0.06% on Premium

Commodity Commodity :

Group A - Rs 260 per Cr (0.0026%)

Commodity :

0.0035%


ICICI Direct vs Religare Broking Other Charges

ICICI Direct Minimum Brokerage is Rs 35 per trade (I-Secure Plan) and Call & Trade is Rs 50 per trade . Religare Broking Minimum Brokerage is 1p per share and Call & Trade is Rs 10 per executed order (max Rs 50 per day) .

ICICI Direct Religare Broking
Minimum Brokerage Minimum Brokerage :

Rs 35 per trade (I-Secure Plan)

Minimum Brokerage :

1p per share

Call & Trade Call & Trade :

Rs 50 per trade

Call & Trade :

Rs 10 per executed order (max Rs 50 per day)

Stamp Duty * Stamp Duty : - 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 :

Margin Trading Interest: 0.025% Per day

Other Miscellaneous Charges : -

ICICI Direct vs Religare Broking Features

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

ICICI Direct Religare Broking
Trading Platform Trading Platform :

ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App

Trading Platform :

Odin Diet, Web, Dynami

Placing orders through charts Placing orders through charts : - Placing orders through charts :

No

Trading Alerts Trading Alerts : - Trading Alerts :

No

Research and Advice / Trading Tips Research and Advice / Trading Tips : - Research and Advice / Trading Tips : -
Detailed Education Initiatives Detailed Education Initiatives : - Detailed Education Initiatives :

No

Unique features & Offers Unique features & Offers :

  • Offer 3-in-1 Account.
  • Support in local ICICI Bank branches.
  • Trusted brand.

Unique features & Offers : -
Referral Program Referral Program : - 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


ICICI Direct vs Religare Broking Demat Account Charges

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

ICICI Direct Religare Broking
Depository Service Provider Depository Service Provider :

NSDL

Depository Service Provider :

CDSL

Account Opening Fee Account Opening Fee :

Stamp Duty at actuals

Account Opening Fee :

NIL

Advance Deposit Advance Deposit :

Rs 0 for ICICI Bank customers.

Rs 7500 for Non ICICI BANK customers.

Advance Deposit :

Rs 500

AMC AMC :

For Individual account: Rs 700 p.a.

For Corporate account: Rs 1500 p.a.

AMC :

  1. Client opting for digital statement: Rs 300 per annum
  2. Client opting for physical statement: Rs 400 per annum

Dematerialisation Charges Dematerialisation Charges :

Rs 50 Per Demat Request Form and Rs 10 For Each Certificates

Dematerialisation Charges :

Rs 2 per certificate + Rs 30 Courier Charges

Rematerialisation Charges Rematerialisation Charges :

Rs 25 + CDSL charges at actual

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) :

For Normal Market & Off Market sell (0.04% of trans value for each CID)(subject to minimum Rs 30)

For Debt instruments Market & Off Market sell (0.04% of trans value for each CID)(subject to minimum Rs 30 & maximum Rs 25,000 )

Transaction Charges (debit) :

  1. Delivery given to Religare Pool Account: Rs 15 (Client with POA Religare), Rs 25 (Client without POA Religare)
  2. Any other Account: Rs 30 per debit or 0.02% of the value of transaction whichever is higher

Pledge Creation Charges Pledge Creation Charges :

0.02% or minimum of Rs 35

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 :

0.02% or minimum of Rs 35

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 :

0.02% or minimum of Rs 35

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 :

Rs 200 for restoring services if account is suspended for non payment of charges.

Other Charges :

  1. Demat Rejection Charges Rs 30 per rejection.
  2. Delivery Instruction Booklet Rs 1 per leaflet.


ICICI Direct vs Religare Broking Basic Details

ICICI Direct Year of Incorporation is 2000 and Total Number of Clients is 3135167 and Total Number of Branches is 154 . Religare Broking Year of Incorporation is 1994 and Total Number of Clients is 167249 and Total Number of Branches is 1500 .

ICICI Direct Religare Broking
Year of Incorporation Year of Incorporation :

2000

Year of Incorporation :

1994

Active Exchange Memberships Active Exchange Memberships : - Active Exchange Memberships :

NSE, BSE, MCX, NCDEX

Demat Services Demat Services :

Yes

Demat Services :

Yes

Website Website : - Website : https://www.religareonline.com
Contact Details Contact Details : - Contact Details :

011-39125000

Total Number of Clients Total Number of Clients :

3,135,167

Total Number of Clients :

167,249

Total Number of Branches Total Number of Branches :

154

Total Number of Branches :

1500

Products * Products : - Products : -

ICICI Direct vs Religare Broking Orders

Orders

ICICI Direct Religare Broking
Cover Orders (CO) Cover Orders (CO) :

Yes

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) :

No

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) :

No

Sell Today Buy Tomorrow (STBT) :

Yes

Good Till Cancelled (GTC) * Good Till Cancelled (GTC) :

Yes

Good Till Cancelled (GTC) :

Yes


ICICI Direct vs Religare Broking Research and Advice / Trading Tips

Research and Advice / Trading Tips

ICICI Direct Religare Broking
Equity Trading Recommendation * Equity Trading Recommendation : - Equity Trading Recommendation : -
Equity Investment Recommendation * Equity Investment Recommendation : - Equity Investment Recommendation : -
Recommendation basis risk Profile * Recommendation basis risk Profile : - Recommendation basis risk Profile : -
Comparison * Comparison : - Comparison : -
Free Tips * Free Tips :

Yes

Free Tips :

Yes

Daily Market report * Daily Market report :

Yes

Daily Market report :

Yes

ETF research * ETF research : - ETF research : -
Quarterly Results * Quarterly Results :

Yes

Quarterly Results :

Yes


ICICI Direct vs Religare Broking Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

ICICI Direct Religare Broking
Availability for franchisee / AP Availability for franchisee / AP : - Availability for franchisee / AP :

Yes

Investment required for Franchisee / AP Investment required for Franchisee / AP : - Investment required for Franchisee / AP :

Rs. 2 lakh (for commodity, the charges are Rs 1-2 lakh)


ICICI Direct vs Religare Broking Product & Services

ICICI Direct 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:

ICICI Direct Religare Broking
Delivery Based Trading * Delivery Based Trading : - Delivery Based Trading : -
Margin Trading * Margin Trading :

Yes

Margin Trading : -
Call in Trade * Call in Trade : - Call in Trade : -
Trading in Both the exchanges * Trading in Both the exchanges : - Trading in Both the exchanges : -
Limit Order * Limit Order : - Limit Order : -
3-in-1 On-line Trading Account * 3-in-1 On-line Trading Account : - 3-in-1 On-line Trading Account : -
NRI Services * NRI Services :

Yes

NRI Services : -
SMS Alerts * SMS Alerts :

No

SMS Alerts :

Yes

Offers Multiple Plan * Offers Multiple Plan : - Offers Multiple Plan : -
IPO Investment * IPO Investment : - IPO Investment : -
Portfolio Analysis * Portfolio Analysis : - Portfolio Analysis : -
Advanced Charting Features * Advanced Charting Features : - Advanced Charting Features : -
Brokerage Calculator * Brokerage Calculator : - Brokerage Calculator : -
Margin Calculator * Margin Calculator : - 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 : - Equity Future & Option Trading : -
Currency Future & Option Trading * Currency Future & Option Trading : - Currency Future & Option Trading : -
Market Trading * Market Trading : - Market Trading : -
Monthly & Yearly Plan * Monthly & Yearly Plan : - Monthly & Yearly Plan : -
Aumtomated Trading * Aumtomated Trading : - Aumtomated Trading : -

ICICI Direct vs Religare Broking Customer Services

ICICI Direct 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:

ICICI Direct Religare Broking
Toll Free Number * Toll Free Number : - Toll Free Number : -
Live Chat Facility * Live Chat Facility : - Live Chat Facility : -
Email Facility * Email Facility : - Email Facility : -
Branch Offices * Branch Offices : - Branch Offices : -
Customer Care * Customer Care : - Customer Care : -
Community Service * Community Service : - Community Service : -
Relationship Manager * Relationship Manager : - Relationship Manager : -
24/7 Support * 24/7 Support : - 24/7 Support : -

ICICI Direct vs Religare Broking Other Investement

ICICI Direct 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:

ICICI Direct Religare Broking
Commodity Trading * Commodity Trading : - Commodity Trading : -
Investment in ETFs * Investment in ETFs : - Investment in ETFs : -
Investment in Mutual Funds * Investment in Mutual Funds : - Investment in Mutual Funds : -
Investment in Bonds * Investment in Bonds : - Investment in Bonds : -
Investment in Corporate Debt instruments * Investment in Corporate Debt instruments : - Investment in Corporate Debt instruments : -
Insurance Services * Insurance Services : - Insurance Services : -
Banking Services * Banking Services : - Banking Services : -

ICICI Direct vs Religare Broking Trading Platform

ICICI Direct 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:

ICICI Direct Religare Broking
Web Platform * Web Platform : - Web Platform : -
Android Mobile App * Android Mobile App : - Android Mobile App : -
Desktop Windows * Desktop Windows : - Desktop Windows : -
Desktop Mac * Desktop Mac : - Desktop Mac : -
I-Pad App * I-Pad App : - I-Pad App : -
Virtual Trading * Virtual Trading : - Virtual Trading : -
iPhone Mobile App * iPhone Mobile App : - iPhone Mobile App : -
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