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Religare Broking vs Upstox (Compare Religare Broking and Upstox)

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 Religare Broking vs Upstox, Below comparison of Religare Broking vs Upstox 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 Religare Broking vs Upstox is given below:

Religare Broking Upstox
About The Brokers
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

Upstox :

"Founded in 2009, Upstox is one of the reliable stock trading brokers with low brokerage and excellent facilities. Two young successful entrepreneurs who opened the co   >>> more

Find More Information about the Broker :
Religare Broking :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Upstox :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
Religare Broking :
 Full Service Broker
Upstox :
 Discount Broker
Promo/offers
Religare Broking :
N/A
Upstox :
Special Offer: FREE Account Opening + Rs 1000 brokerage credit + Rs 0 Demat AMC + Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.
Advantage
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
Upstox :
  • No Brokerage on Mutual funds.
  • DEMAT AMC free for Life
  • Low cost Brokerage
  • Self-directed, easy to use online learning for all levels
  • Easy to get started with Aadhar based signup
  • Good Brokerage & Margin Calculator
  • Unlike other low-cost brokers, RKSV offer a variety of affordable pricing plans so that you can choose the plan best suited for you
Disadvantage
Religare Broking :
  • Can be improved on the transparency of fees, brokerage and other charges.
  • High Brokerage charges
  • Minimum Brokerage charged
  • No Live Chat Facility
Upstox :
  • No margin funding
  • Does not provide Tips & recommendation
  • Turnover charges on futures and options is higher than competitors
  • Upstox doesn't offer unlimited monthly trading plans.
  • Doesn't offer research based services.
  • Charges on Funds Transfer @ ₹7 per fund transfer.
Why This
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
Upstox :
  • Upstox offers zero brokerage on equity mutual fund Investment and a mere ₹20 per transaction on Equity Delivery, intraday and F&O trades.
  • After Market Order (AMO), Cover Order and BO are available on both web and mobile.
  • Trailing-Stop/Stop-Loss (SL) is available in both web and mobile.
  • Zero Demat AMC, Free demat account for life.
  • Offers NRI trading.
  • Offers Mutual Fund Investment, SIP Investement.
  • Upstox is backed by top investors with the likes of Ratan Tata, Kalaari Capital & GVK Davix
  • Upstox offers the best of technology to traders. The Upstox Platform on mobile and web is one of the best platforms for the Indian stock market.
Open Account

Religare Broking vs Upstox Account Opening & AMC Charges

Religare Broking Trading Account Opening Fee is Rs 500 and Upstox Trading Account Opening Fee is Rs 249 . Religare Broking Demat Account AMC is Rs 400 from second year onward and Upstox Demat Account AMC is Rs 0 (Free) .

Religare Broking Upstox
Trading Account Opening Fee Trading Account Opening Fee :

Rs 500

Trading Account Opening Fee :

Rs 249

Demat Account Opening Fee Demat Account Opening Fee :

Nil

Demat Account Opening Fee :

Rs 0 (Free)

Demat Account AMC Demat Account AMC :

Rs 400 from second year onward

Demat Account AMC :

Rs 0 (Free)

Trading Account AMC Trading Account AMC :

Nil

Trading Account AMC :

Rs 0 (Free)

Open Account Open Account

Religare Broking vs Upstox 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 . Upstox Brokerage Charges Equity Delivery is Rs 20 per executed order or 2.5% whichever is low and Equity Intraday is Rs 20 per executed order or 0.05% whichever is lower and Equity Options is Rs 20 per executed order .

Religare Broking Upstox
Plan Name Plan Name :

Standard Plan

Plan Name :

Basic Plan

Equity Delivery Equity Delivery :

0.50% to 0.10%

Equity Delivery :

Rs 20 per executed order or 2.5% whichever is low

Equity Intraday Equity Intraday :

0.050% to 0.010%

Equity Intraday :

Rs 20 per executed order or 0.05% whichever is lower

Equity Future Equity Future :

0.05%

Equity Future :

Rs 20 per executed order or 0.05% whichever is lower

Equity Options Equity Options :

Rs 70 per lot

Equity Options :

Rs 20 per executed order

Currency Futures Currency Futures :

0.05%

Currency Futures :

Rs 20 per executed order or 0.05% whichever is lower

Currency Options Currency Options :

Rs 30 per lot

Currency Options :

Rs 20 per executed order

Monthly Fee Monthly Fee : - Monthly Fee :

NA

Margin Trading Margin Trading :

0.025%

Margin Trading : -
Commodity Futures Commodity Futures :

0.05%

Commodity Futures :

Rs 20 per executed order or 0.05% whichever is lower

Commodity Options Commodity Options :

Rs 30 per lot

Commodity Options :

Rs 20 per executed order

Open Account Open Account

Religare Broking vs Upstox Exchange Transaction Charges

Religare Broking Exchange Transaction Charges Equity Future is 0.004% and Equity Options is 0.06% on Premium . Upstox Exchange Transaction Charges Equity Future is NSE Rs 200 per Cr (0.002%) and Equity Options is NSE Rs 5300 per Cr (0.053%) (on premium) .

Religare Broking Upstox
Equity Delivery Equity Delivery :

0.0037%

Equity Delivery :

NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)

Equity Intraday Equity Intraday :

0.0037%

Equity Intraday :

NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)

Equity Future * Equity Future :

0.004%

Equity Future :

NSE Rs 200 per Cr (0.002%)

Equity Options * Equity Options :

0.06% on Premium

Equity Options :

NSE Rs 5300 per Cr (0.053%) (on premium)

Currency Futures * Currency Futures :

0.004%

Currency Futures :

NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%)

Currency Options Currency Options :

0.06% on Premium

Currency Options :

NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium)

Commodity Commodity :

0.0035%

Commodity :

Group A - Rs 290 per Cr (0.0029%)

Open Account Open Account

Religare Broking vs Upstox Other Charges

Religare Broking Minimum Brokerage is 1p per share and Call & Trade is Rs 10 per executed order (max Rs 50 per day) . Upstox Minimum Brokerage is 0.05% and Call & Trade is Rs 20 per trade .

Religare Broking Upstox
Minimum Brokerage Minimum Brokerage :

1p per share

Minimum Brokerage :

0.05%

Call & Trade Call & Trade :

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

Call & Trade :

Rs 20 per trade

Stamp Duty * Stamp Duty : - Stamp Duty : -
DP Charges (on sell side) DP Charges (on sell side) :

₹12 + ₹5.5 (CDSL) per scrip

DP Charges (on sell side) :

₹13 plus ₹5.50 (CDSL charges) per scrip.

Other Miscellaneous Charges Other Miscellaneous Charges : - Other Miscellaneous Charges :

Auto Square-off Charges: Rs 50

Open Account Open Account

Religare Broking vs Upstox Features

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

Religare Broking Upstox
Trading Platform Trading Platform :

Odin Diet, Web, Dynami

Trading Platform :

Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola

Placing orders through charts Placing orders through charts :

No

Placing orders through charts : -
Trading Alerts Trading Alerts :

No

Trading Alerts :

Yes

Research and Advice / Trading Tips Research and Advice / Trading Tips : - Research and Advice / Trading Tips :

No

Detailed Education Initiatives Detailed Education Initiatives :

No

Detailed Education Initiatives :

No

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

1

Margin Against Shares (Equity Cash) * Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity Cash) :

No

Margin Against Shares (Equity F&O) * Margin Against Shares (Equity F&O) :

Yes

Margin Against Shares (Equity F&O) :

Yes

Open Account Open Account

Religare Broking vs Upstox Demat Account Charges

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

Religare Broking Upstox
Depository Service Provider Depository Service Provider :

CDSL

Depository Service Provider :

CDSL

Account Opening Fee Account Opening Fee :

NIL

Account Opening Fee :

Rs 249

Advance Deposit Advance Deposit :

Rs 500

Advance Deposit :

Nil

AMC AMC :

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

AMC :

Rs 0

Dematerialisation Charges Dematerialisation Charges :

Rs 2 per certificate + Rs 30 Courier Charges

Dematerialisation Charges :

Rs 2.00 per certificate plus courier charges of Rs 35 per demat request

Rematerialisation Charges Rematerialisation Charges :

Rs 20 per certificate + CDSL Charges + Rs 30 Courier Charges

Rematerialisation Charges :

Rs 25 per certificate or 0.05% of the value whichever is higher.

Transaction Charges (Credit) Transaction Charges (Credit) : - Transaction Charges (Credit) : -
Transaction Charges (debit) 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

Transaction Charges (debit) :

Rs 13 + Rs 5.50 (CDSL charges) per scrip.

Pledge Creation Charges Pledge Creation Charges :

Rs 50 per request or 0.02% of the value of securities whichever is higher

Pledge Creation Charges :

0.02% of the transaction charges subject to a minimum of Rs 50 plus NSDL / CDSL charges at actual.

Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges :

Rs 50 per request or 0.02% of the value of securities whichever is higher

Pledge Creation Confirmation Charges :

0.02% of the transaction charges subject to a minimum of Rs 50 plus NSDL / CDSL charges at actual.

Pledge Invocation Charges Pledge Invocation Charges :

Rs 50 per request or 0.02% of the value of securities whichever is higher

Pledge Invocation Charges :

0.05% of the transaction charges subject to a minimum of Rs 50

Failed Instruction Charges Failed Instruction Charges :

Nil

Failed Instruction Charges :

Rs 50 per transaction

Other Charges Other Charges :

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

Other Charges :

  1. Demat Rejection Charges: Rs 35 per rejection for every 500 gms.
  2. Adhoc / Non periodic statement requests: Rs 25 (Rs 500 for foreign address) per request upto 10 pages. Every additional 5 pages or a portion thereof will be charged at Rs 10 plus courier / postage charges.
  3. Cheque Bounce charges: Charges will be applied based on charges as determined by our bankers.

Open Account Open Account

Religare Broking vs Upstox Basic Details

Religare Broking Year of Incorporation is 1994 and Total Number of Clients is 167249 and Total Number of Branches is 1500 . Upstox Year of Incorporation is 2012 and Total Number of Clients is 5596268 and Total Number of Branches is 4 .

Religare Broking Upstox
Year of Incorporation Year of Incorporation :

1994

Year of Incorporation :

2012

Active Exchange Memberships Active Exchange Memberships :

NSE, BSE, MCX, NCDEX

Active Exchange Memberships :

BSE, NSE, MCX

Demat Services Demat Services :

Yes

Demat Services :

No

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

011-39125000

Contact Details :

+91-22-6130-9999

Total Number of Clients Total Number of Clients :

167,249

Total Number of Clients :

5,596,268

Total Number of Branches Total Number of Branches :

1500

Total Number of Branches :

4

Products * Products : - Products :

Upstox Pro Web,Upstox Pro Mobile, Nest Desktop.

Open Account Open Account

Religare Broking vs Upstox Orders

Orders

Religare Broking Upstox
Cover Orders (CO) Cover Orders (CO) :

No

Cover Orders (CO) :

Yes

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) :

Yes

Buy Today Sell Tomorrow (BTST) * Buy Today Sell Tomorrow (BTST) :

Yes

Buy Today Sell Tomorrow (BTST) :

No

Sell Today Buy Tomorrow (STBT) * Sell Today Buy Tomorrow (STBT) :

Yes

Sell Today Buy Tomorrow (STBT) :

No

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

Yes

Good Till Cancelled (GTC) :

Yes

Open Account Open Account

Religare Broking vs Upstox Research and Advice / Trading Tips

Research and Advice / Trading Tips

Religare Broking Upstox
Equity Trading Recommendation * Equity Trading Recommendation : - Equity Trading Recommendation :

No

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

No

Recommendation basis risk Profile * Recommendation basis risk Profile : - Recommendation basis risk Profile :

No

Comparison * Comparison : - Comparison :

No

Free Tips * Free Tips :

Yes

Free Tips :

No

Daily Market report * Daily Market report :

Yes

Daily Market report :

No

ETF research * ETF research : - ETF research :

No

Quarterly Results * Quarterly Results :

Yes

Quarterly Results :

No

Open Account Open Account

Religare Broking vs Upstox Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

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

Yes

Availability 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)

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

Religare Broking vs Upstox Product & Services

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

Religare Broking Upstox
Delivery Based Trading * Delivery Based Trading : - Delivery Based Trading :

Yes

Margin Trading * Margin Trading : - Margin Trading :

Yes

Call in Trade * Call in Trade : - Call in Trade :

Yes

Trading in Both the exchanges * Trading in Both the exchanges : - Trading in Both the exchanges :

Yes

Limit Order * Limit Order : - Limit Order :

Yes

3-in-1 On-line Trading Account * 3-in-1 On-line Trading Account : - 3-in-1 On-line Trading Account :

No

NRI Services * NRI Services : - NRI Services :

No

SMS Alerts * SMS Alerts :

Yes

SMS Alerts :

No

Offers Multiple Plan * Offers Multiple Plan : - Offers Multiple Plan :

No

IPO Investment * IPO Investment : - IPO Investment :

No

Portfolio Analysis * Portfolio Analysis : - Portfolio Analysis :

Yes

Advanced Charting Features * Advanced Charting Features : - Advanced Charting Features :

Yes

Brokerage Calculator * Brokerage Calculator : - Brokerage Calculator :

Yes

Margin Calculator * Margin Calculator : - Margin Calculator :

Yes

Stop Loss Order * Stop Loss Order : - Stop Loss Order :

Yes

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

Yes

Equity Future & Option Trading * Equity Future & Option Trading : - Equity Future & Option Trading :

Yes

Currency Future & Option Trading * Currency Future & Option Trading : - Currency Future & Option Trading :

Yes

Market Trading * Market Trading : - Market Trading :

Yes

Monthly & Yearly Plan * Monthly & Yearly Plan : - Monthly & Yearly Plan :

No

Aumtomated Trading * Aumtomated Trading : - Aumtomated Trading :

No

Open Account Open Account

Religare Broking vs Upstox Customer Services

Religare Broking and Upstox 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:

Religare Broking Upstox
Toll Free Number * Toll Free Number : - Toll Free Number :

No

Live Chat Facility * Live Chat Facility : - Live Chat Facility :

Yes

Email Facility * Email Facility : - Email Facility :

Yes

Branch Offices * Branch Offices : - Branch Offices :

Yes

Customer Care * Customer Care : - Customer Care :

Yes

Community Service * Community Service : - Community Service :

Yes

Relationship Manager * Relationship Manager : - Relationship Manager :

No

24/7 Support * 24/7 Support : - 24/7 Support :

No

Open Account Open Account

Religare Broking vs Upstox Other Investement

Religare Broking and Upstox 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:

Religare Broking Upstox
Commodity Trading * Commodity Trading : - Commodity Trading :

Yes

Investment in ETFs * Investment in ETFs : - Investment in ETFs :

Yes

Investment in Mutual Funds * Investment in Mutual Funds : - Investment in Mutual Funds :

Yes

Investment in Bonds * Investment in Bonds : - Investment in Bonds :

No

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

No

Insurance Services * Insurance Services : - Insurance Services :

No

Banking Services * Banking Services : - Banking Services :

No

Open Account Open Account

Religare Broking vs Upstox Trading Platform

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

Religare Broking Upstox
Web Platform * Web Platform : - Web Platform :

Yes

Android Mobile App * Android Mobile App : - Android Mobile App :

Yes

Desktop Windows * Desktop Windows : - Desktop Windows :

Yes

Desktop Mac * Desktop Mac : - Desktop Mac :

No

I-Pad App * I-Pad App : - I-Pad App :

Yes

Virtual Trading * Virtual Trading : - Virtual Trading :

No

iPhone Mobile App * iPhone Mobile App : - iPhone Mobile App :

Yes

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