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

IIFL Religare Broking
About The Brokers
IIFL :

"IIFL is the renowned stockbroker who provides various financial products to its customers at nominal brokerage. They have an excellent online presence and protect you   >>> 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 :
IIFL :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Religare Broking :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
IIFL :
 Full Service Broker
Religare Broking :
 Full Service Broker
Promo/offers
IIFL :
Special Offer: Pay flat Rs 20 per trade for Delivery, Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.
Religare Broking :
N/A
Advantage
IIFL :
  • Offer online IPO and Equity SIP
  • 1900+ branches all over India & have a global presence
  • Trading facility to NRIs is provided
  • Provide multiple broking plans
  • IIFL Trade terminal is one of the best trading terminal in India
  • Offer Commodity Trading & Investment facility in Mutual funds & IPO
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
IIFL :
  • Scope improvement is there in customer support.
  • Provides only 2-in-1 account facility
  • Less transparency in brokerage plans
  • High brokerage.
  • 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
IIFL :
  • Full-service broker who provide 2-in-1 On-line trading account to Indian as well as NRIs present all over the world.
  • Provide IPO service and equity SIP also
  • Amongst top 10 stock brokers in India
  • Best rated mobile Trading Platforms with >1.9m download.
  • Have branches all over India. Approx 1900+ Branches
  • They provide multiple brokerage plans
  • All investment options - Equities, IPO, Mutual Funds,ETFs,Commodities,F&O
  • Offer NRI Trading.
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

IIFL vs Religare Broking Account Opening & AMC Charges

IIFL Trading Account Opening Fee is Rs 0 (Free) and Religare Broking Trading Account Opening Fee is Rs 500 . IIFL Demat Account AMC is Rs 250 (Free for 1st year) and Religare Broking Demat Account AMC is Rs 400 from second year onward .

IIFL 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

Demat Account Opening Fee :

Nil

Demat Account AMC Demat Account AMC :

Rs 250 (Free for 1st year)

Demat Account AMC :

Rs 400 from second year onward

Trading Account AMC Trading Account AMC :

Rs 0

Trading Account AMC :

Nil


IIFL vs Religare Broking Brokerage Charges

IIFL Brokerage Charges Equity Delivery is Rs 20 per order and Equity Intraday is Rs 20 per order and Equity Options is Rs 20 per order . 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 .

IIFL Religare Broking
Plan Name Plan Name :

Standard Plan

Plan Name :

Standard Plan

Equity Delivery Equity Delivery :

Rs 20 per order

Equity Delivery :

0.50% to 0.10%

Equity Intraday Equity Intraday :

Rs 20 per order

Equity Intraday :

0.050% to 0.010%

Equity Future Equity Future :

Rs 20 per order

Equity Future :

0.05%

Equity Options Equity Options :

Rs 20 per order

Equity Options :

Rs 70 per lot

Currency Futures Currency Futures :

Rs 20 per order

Currency Futures :

0.05%

Currency Options Currency Options :

Rs 20 per order

Currency Options :

Rs 30 per lot

Monthly Fee Monthly Fee :

NA

Monthly Fee : -
Margin Trading Margin Trading : - Margin Trading :

0.025%

Commodity Futures Commodity Futures :

Rs 20 per order

Commodity Futures :

0.05%

Commodity Options Commodity Options :

Rs 20 per order

Commodity Options :

Rs 30 per lot


IIFL vs Religare Broking Exchange Transaction Charges

IIFL Exchange Transaction Charges Equity Future is Rs 210 per Cr (0.0021%) and Equity Options is Rs 5100 per Cr (0.051%) (on premium) . Religare Broking Exchange Transaction Charges Equity Future is 0.004% and Equity Options is 0.06% on Premium .

IIFL Religare Broking
Equity Delivery Equity Delivery :

Rs 325 per Cr (0.00325%)

Equity Delivery :

0.0037%

Equity Intraday Equity Intraday :

Rs 325 per Cr (0.00325%)

Equity Intraday :

0.0037%

Equity Future * Equity Future :

Rs 210 per Cr (0.0021%)

Equity Future :

0.004%

Equity Options * Equity Options :

Rs 5100 per Cr (0.051%) (on premium)

Equity Options :

0.06% on Premium

Currency Futures * Currency Futures :

Rs 210 per Cr (0.0021%)

Currency Futures :

0.004%

Currency Options Currency Options :

Rs 5100 per Cr (0.051%) (on premium)

Currency Options :

0.06% on Premium

Commodity Commodity :

Group A - Rs 280 per Cr (0.0028%)

Commodity :

0.0035%


IIFL vs Religare Broking Other Charges

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

IIFL Religare Broking
Minimum Brokerage Minimum Brokerage : - Minimum Brokerage :

1p per share

Call & Trade Call & Trade :

Rs 50 per call

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) :

0.04% (minimum ₹25 per debit transaction)

DP Charges (on sell side) :

₹12 + ₹5.5 (CDSL) per scrip

Other Miscellaneous Charges Other Miscellaneous Charges :

Advisory SMS - Rs 50 per month

Other Miscellaneous Charges : -

IIFL vs Religare Broking Features

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

IIFL Religare Broking
Trading Platform Trading Platform :

IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App

Trading Platform :

Odin Diet, Web, Dynami

Placing orders through charts Placing orders through charts :

No

Placing orders through charts :

No

Trading Alerts Trading Alerts :

No

Trading Alerts :

No

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

Yes

Detailed Education Initiatives :

No

Unique features & Offers Unique features & Offers : - 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) :

No

Margin Against Shares (Equity F&O) :

Yes


IIFL vs Religare Broking Demat Account Charges

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

IIFL Religare Broking
Depository Service Provider Depository Service Provider :

CDSL

Depository Service Provider :

CDSL

Account Opening Fee Account Opening Fee :

Rs 0 (free)

Account Opening Fee :

NIL

Advance Deposit Advance Deposit :

Rs 0

Advance Deposit :

Rs 500

AMC AMC :

Rs 250 (free for 1st year)

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 15 per certificate

Dematerialisation Charges :

Rs 2 per certificate + Rs 30 Courier Charges

Rematerialisation Charges Rematerialisation Charges :

Rs 15 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) :

Rs 25 per debit transaction

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 :

Rs 10

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 :

Rs 0

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 :

Rs 15

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 :

Conversion of MF units: Rs 0, Reconversion of MF units: Rs 0, Courier Charges: Rs 100 per request

Other Charges :

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


IIFL vs Religare Broking Basic Details

IIFL Year of Incorporation is 1996 and Total Number of Clients is 1139902 and Total Number of Branches is 900 . Religare Broking Year of Incorporation is 1994 and Total Number of Clients is 167249 and Total Number of Branches is 1500 .

IIFL Religare Broking
Year of Incorporation Year of Incorporation :

1996

Year of Incorporation :

1994

Active Exchange Memberships Active Exchange Memberships :

NSE, BSE, MCX, and NCDEX

Active Exchange Memberships :

NSE, BSE, MCX, NCDEX

Demat Services Demat Services :

Yes

Demat Services :

Yes

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

022-400710000

Contact Details :

011-39125000

Total Number of Clients Total Number of Clients :

1,139,902

Total Number of Clients :

167,249

Total Number of Branches Total Number of Branches :

900

Total Number of Branches :

1500

Products * Products :

Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution, currency and commodity broking

Products : -

IIFL vs Religare Broking Orders

Orders

IIFL 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) :

Yes

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) :

Yes

Good Till Cancelled (GTC) :

Yes


IIFL vs Religare Broking Research and Advice / Trading Tips

Research and Advice / Trading Tips

IIFL Religare Broking
Equity Trading Recommendation * Equity Trading Recommendation :

Yes

Equity Trading Recommendation : -
Equity Investment Recommendation * Equity Investment Recommendation :

Yes

Equity Investment Recommendation : -
Recommendation basis risk Profile * Recommendation basis risk Profile :

Yes

Recommendation basis risk Profile : -
Comparison * Comparison :

Yes

Comparison : -
Free Tips * Free Tips :

Yes

Free Tips :

Yes

Daily Market report * Daily Market report :

Yes

Daily Market report :

Yes

ETF research * ETF research :

Yes

ETF research : -
Quarterly Results * Quarterly Results :

Yes

Quarterly Results :

Yes


IIFL vs Religare Broking Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

IIFL Religare Broking
Availability for franchisee / AP Availability for franchisee / AP :

Yes

Availability for franchisee / AP :

Yes

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

Rs.75,000 to Rs.2,00,000

Investment required for Franchisee / AP :

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


IIFL vs Religare Broking Product & Services

IIFL 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:

IIFL Religare Broking
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading : -
Margin Trading * Margin Trading :

Yes

Margin Trading : -
Call in Trade * Call in Trade :

Yes

Call in 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 :

Yes

Offers Multiple Plan : -
IPO Investment * IPO Investment :

Yes

IPO Investment : -
Portfolio Analysis * Portfolio Analysis :

Yes

Portfolio Analysis : -
Advanced Charting Features * Advanced Charting Features :

Yes

Advanced Charting Features : -
Brokerage Calculator * Brokerage Calculator :

No

Brokerage Calculator : -
Margin Calculator * Margin Calculator :

No

Margin Calculator : -
Stop Loss Order * Stop Loss Order :

Yes

Stop Loss Order : -
Bracket Orders & Trailing Stop Loss * Bracket Orders & Trailing Stop Loss :

Yes

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 :

Yes

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 :

No

Aumtomated Trading : -

IIFL vs Religare Broking Customer Services

IIFL 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:

IIFL Religare Broking
Toll Free Number * Toll Free Number :

No

Toll Free Number : -
Live Chat Facility * Live Chat Facility :

No

Live Chat Facility : -
Email Facility * Email Facility :

Yes

Email Facility : -
Branch Offices * Branch Offices :

Yes

Branch Offices : -
Customer Care * Customer Care :

Yes

Customer Care : -
Community Service * Community Service :

Yes

Community Service : -
Relationship Manager * Relationship Manager : - Relationship Manager : -
24/7 Support * 24/7 Support :

No

24/7 Support : -

IIFL vs Religare Broking Other Investement

IIFL 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:

IIFL Religare Broking
Commodity Trading * Commodity Trading :

Yes

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 :

Yes

Investment in Bonds : -
Investment in Corporate Debt instruments * Investment in Corporate Debt instruments :

Yes

Investment in Corporate Debt instruments : -
Insurance Services * Insurance Services :

Yes

Insurance Services : -
Banking Services * Banking Services :

No

Banking Services : -

IIFL vs Religare Broking Trading Platform

IIFL 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:

IIFL 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 :

Yes

I-Pad App : -
Virtual Trading * Virtual Trading : - Virtual Trading : -
iPhone Mobile App * iPhone Mobile App :

Yes

iPhone Mobile App : -
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