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

m,Stock

Religare Broking

	m,Stock	Religare Broking

About The Brokers

m,Stock :

mStock is the most credible new entrant in Indian discount broking — Mirae Asset's $600B global AUM and established Indian MF track recor >>> 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 :

m,Stock :

OVERVIEW

Religare Broking :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING

Type of Broker

m,Stock :

Discount Broker

Religare Broking :

Full Service Broker

Promo/offers

m,Stock :

N/A

Religare Broking :

N/A

Advantage

m,Stock :

✔ What mStock Does Well

✓	₹5/order F&O & intraday — 4x cheaper than ₹20 standard; matches Shoonya
✓	₹1,299 one-time for lifetime zero operating charges — pay once, trade free forever
✓	₹0 Call & Trade — phone orders completely free
✓	₹0 pledge creation charges
✓	MTF from 6.99% p.a. (up to 80% funding, 1,100+ stocks, unlimited holding)
✓	Mirae Asset parent ($600B+ AUM, 15+ markets) — institutional credibility
✓	GTT orders, basket orders, TradingView charts (F&O)
✓	Free trading API
✓	MIRA virtual assistant for support and onboarding
✓	MF (3,500+ direct schemes), IPO, ETF available

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

m,Stock :

✘ Where mStock Falls Short

✗	App and web portal freeze/hang issues reported frequently — reliability concerns
✗	Customer support delays reported
✗	No NRI accounts
✗	Quarterly AMC ₹219 if you don't pay ₹1,299 upfront (Shoonya ₹0 always)
✗	Auto square-off: ₹100+GST per order — high
✗	Unpledge charges: ₹32 per request (pledge creation is free)
✗	Relatively new (2022) — less platform maturity than Zerodha/Angel One
✗	No relationship manager

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

m,Stock :

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

m,Stock vs Religare Broking Account Opening & AMC Charges

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

	m,Stock	Religare Broking
Trading Account Opening Fee	Trading Account Opening Fee : -	Trading Account Opening Fee : Rs 500
Demat Account Opening Fee	Demat Account Opening Fee : -	Demat Account Opening Fee : Nil
Demat Account AMC	Demat Account AMC : -	Demat Account AMC : Rs 400 from second year onward
Trading Account AMC	Trading Account AMC : -	Trading Account AMC : Nil

m,Stock vs Religare Broking Brokerage Charges

m,Stock 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 .

	m,Stock	Religare Broking
Plan Name	-	Plan Name : Standard Plan
Equity Delivery	-	Equity Delivery : 0.50% to 0.10%
Equity Intraday	-	Equity Intraday : 0.050% to 0.010%
Equity Future	-	Equity Future : 0.05%
Equity Options	-	Equity Options : Rs 70 per lot
Currency Futures	-	Currency Futures : 0.05%
Currency Options	-	Currency Options : Rs 30 per lot
Monthly Fee	-	Monthly Fee : -
Margin Trading	-	Margin Trading : 0.025%
Commodity Futures	-	Commodity Futures : 0.05%
Commodity Options	-	Commodity Options : Rs 30 per lot

m,Stock vs Religare Broking Exchange Transaction Charges

m,Stock Exchange Transaction Charges - and - . Religare Broking Exchange Transaction Charges Equity Future is 0.004% and Equity Options is 0.06% on Premium .

	m,Stock	Religare Broking
Equity Delivery	Equity Delivery : -	Equity Delivery : 0.0037%
Equity Intraday	Equity Intraday : -	Equity Intraday : 0.0037%
Equity Future *	Equity Future : -	Equity Future : 0.004%
Equity Options *	Equity Options : -	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%

m,Stock vs Religare Broking Other Charges

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

	m,Stock	Religare Broking
Minimum Brokerage	Minimum Brokerage : -	Minimum Brokerage : 1p per share
Call & Trade	Call & 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 : -	Other Miscellaneous Charges : -

m,Stock vs Religare Broking Features

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

	m,Stock	Religare Broking
Trading Platform	Trading Platform : -	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 : -	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

m,Stock vs Religare Broking Demat Account Charges

A comparative table of various demat account charges between m,Stock and Religare Broking is below:

	m,Stock	Religare Broking
Depository Service Provider	Depository Service Provider : -	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : -	Account Opening Fee : NIL
Advance Deposit	Advance Deposit : -	Advance Deposit : Rs 500
AMC	AMC : -	AMC : Client opting for digital statement: Rs 300 per annum Client opting for physical statement: Rs 400 per annum
Dematerialisation Charges	Dematerialisation Charges : -	Dematerialisation Charges : Rs 2 per certificate + Rs 30 Courier Charges
Rematerialisation Charges	Rematerialisation Charges : -	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) : -	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.

m,Stock vs Religare Broking Basic Details

m,Stock and Total Number of Clients is 268305 and . Religare Broking Year of Incorporation is 1994 and Total Number of Clients is 143944 and Total Number of Branches is 1500 .

	m,Stock	Religare Broking
Year of Incorporation	Year of Incorporation : -	Year of Incorporation : 1994
Active Exchange Memberships	Active Exchange Memberships : -	Active Exchange Memberships : NSE, BSE, MCX, NCDEX
Demat Services	Demat Services : -	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 : 268,305	Total Number of Clients : 143,944
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : 1500
Products *	Products : -	Products : -

m,Stock vs Religare Broking Orders

Orders

	m,Stock	Religare Broking
Cover Orders (CO)	Cover Orders (CO) : -	Cover Orders (CO) : No
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : -	Bracket orders / One Cancels Other (BO / OCO) : No
After Market Orders (AMO)	After Market Orders (AMO) : -	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

m,Stock vs Religare Broking Research and Advice / Trading Tips

Research and Advice / Trading Tips

	m,Stock	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 : -	Free Tips : Yes
Daily Market report *	Daily Market report : -	Daily Market report : Yes
ETF research *	ETF research : -	ETF research : -
Quarterly Results *	Quarterly Results : -	Quarterly Results : Yes

m,Stock vs Religare Broking Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	m,Stock	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)

m,Stock vs Religare Broking Product & Services

m,Stock 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:

	m,Stock	Religare Broking
Delivery Based Trading *	Delivery Based Trading : -	Delivery Based Trading : -
Margin Trading *	Margin Trading : -	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 : -	NRI Services : -
SMS Alerts *	SMS Alerts : -	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 : -

m,Stock vs Religare Broking Customer Services

m,Stock 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:

	m,Stock	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 : -

m,Stock vs Religare Broking Other Investement

m,Stock 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:

	m,Stock	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 : -

m,Stock vs Religare Broking Trading Platform

m,Stock 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:

	m,Stock	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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