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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

Open Account

Religare Broking

	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 :

N/A

Religare Broking :

N/A

Advantage

ICICI Direct :

✔ What ICICI Direct Does Well

✓	3-in-1 account — bank + trading + demat seamlessly integrated with ICICI Bank
✓	Institutional trust — ICICI Bank subsidiary since 1995; 30+ year operating history
✓	SEBI RA research team — 50+ analysts, sector coverage, stock recommendations
✓	NRI 3-in-1 account (NRE + NRO, PIS + non-PIS) — fully integrated NRI banking
✓	eATM — sale proceeds in 5–30 minutes to trading account
✓	iValue plan: ₹20/order intraday + F&O at just ₹299 one-time
✓	50+ products: equity, F&O, MF, IPO, bonds, NCDs, FD, insurance, NPS, home loans
✓	Branch support across 87+ ICICI Bank locations
✓	Trade Racer professional terminal for advanced traders
✓	VTC orders valid for 45 days
✓	Both NSDL and CDSL DP options
✓	19.5 lakh active clients — proven at massive scale

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 :

✘ Where ICICI Direct Falls Short

✗	Default plan 0.29% delivery brokerage is expensive — ₹580 on ₹1L trade vs ₹0 at discount brokers
✗	AMC ₹700/year — highest among all brokers reviewed on CSB
✗	DP charge ₹20+GST per ISIN — same as Groww, Angel One; higher than Zerodha (₹15.34)
✗	Call & Trade ₹50/order — expensive
✗	MTF interest 17.99% p.a. — among the highest; mStock at 6.99%–14.99% is significantly cheaper
✗	3-in-1 account requires ICICI Bank account for full benefit — non-ICICI bank users get only 2-in-1
✗	Account closure not possible online — physical form submission required
✗	Platform innovation slower than app-first brokers like Dhan or Groww
✗	eATM proceeds go to trading account only — not bank account

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 700 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 700	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 0.29% (buy + sell) and Equity Intraday is 0.029% per side and Equity Options is ₹49 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 : ICICI Direct Money Saver Plan	Plan Name : ICICIDirect iValue Plan	Plan Name : Standard Plan
Equity Delivery	Equity Delivery : 0.29% (buy + sell)	Equity Delivery : 0.29% (buy + sell)	Equity Delivery : 0.50% to 0.10%
Equity Intraday	Equity Intraday : 0.029% per side	Equity Intraday : ₹20/order flat	Equity Intraday : 0.050% to 0.010%
Equity Future	Equity Future : 0.029% per side	Equity Future : ₹20/order flat	Equity Future : 0.05%
Equity Options	Equity Options : ₹49 per lot	Equity Options : ₹20/order flat	Equity Options : Rs 70 per lot
Currency Futures	Currency Futures : ₹20 flat	Currency Futures : ₹20/order flat	Currency Futures : 0.05%
Currency Options	Currency Options : ₹20 flat	Currency Options : ₹20/order flat	Currency Options : Rs 30 per lot
Monthly Fee	Monthly Fee : NA	Monthly Fee : ₹299 one-time, lifetime	Monthly Fee : -
Margin Trading	Margin Trading : 0.05% - 0.03%	Margin Trading : 0.05% - 0.03%	Margin Trading : 0.025%
Commodity Futures	Commodity Futures : ₹20 flat	Commodity Futures : ₹20/order flat	Commodity Futures : 0.05%
Commodity Options	Commodity Options : ₹20 flat	Commodity Options : ₹20/order flat	Commodity Options : Rs 30 per lot

ICICI Direct vs Religare Broking Exchange Transaction Charges

ICICI Direct Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (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 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (each side)	Equity Delivery : 0.0037%
Equity Intraday	Equity Intraday : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (sell side)	Equity Intraday : 0.0037%
Equity Future *	Equity Future : NSE Rs 190 per Cr (0.0019%) \| BSE Rs 0	Equity Future : 0.004%
Equity Options *	Equity Options : NSE Rs 5000 per Cr (0.05%) \| BSE Rs 3700 per Cr (0.037%) (on premium)	Equity Options : 0.06% on Premium
Currency Futures *	Currency Futures : NSE Rs 90 per Cr (0.0009%) \| BSE Rs 90 per Cr (0.0009%)	Currency Futures : 0.004%
Currency Options	Currency Options : NSE Rs 4000 per Cr (0.04%) \| BSE Rs 100 per Cr (0.001%) (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 : ₹0 for ICICI Bank customers. ₹7500 for Non ICICI BANK customers.	Advance Deposit : Rs 500
AMC	AMC : For Individual account: ₹700 p.a. For Corporate account: ₹1500 p.a.	AMC : Client opting for digital statement: Rs 300 per annum Client opting for physical statement: Rs 400 per annum
Dematerialisation Charges	Dematerialisation Charges : ₹50 Per Demat Request Form and ₹10 For Each Certificates	Dematerialisation Charges : Rs 2 per certificate + Rs 30 Courier Charges
Rematerialisation Charges	Rematerialisation Charges : ₹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) : Trades done at www.icicidirect.com - Rs 0 (NIL) Instruction submitted through Internet (E-inst / IVR) - 0.04% of value of securities(Min. Rs 30 and Max Rs 25,000) Instruction submitted through Call Centre - 0.04% of value of securities(Min. Rs 35 and Max Rs 25,000) Instruction submitted at Branches - 0.04% of value of securities(Min. Rs 40 and Max Rs 25,000)	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 : 0.02% or minimum of ₹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 ₹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 ₹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 : ₹200 for restoring services if account is suspended for non payment of charges.	Other Charges : Demat Rejection Charges Rs 30 per rejection. 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 2045086 and Total Number of Branches is 154 . Religare Broking Year of Incorporation is 1994 and Total Number of Clients is 143944 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 : 2,045,086	Total Number of Clients : 143,944
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 N Trade *	Call N Trade : -	Call N 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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