Religare Broking Review – Charges, Trading Platforms, Demat Account, Offers & more

This article is about Religare Broking Review. Religare Broking is a well-known full-service broker, has catered to a vast client base of over 1.44 lakh since 1984.

The best part is that they provide a delightful surprise of free account opening and zero delivery charges. However, their AMC stands at a mere Rs.300 per year.

But, for the thrill-seekers engaged in intraday trading, Religare Broking Charges a modest 0.01% of the transaction value.

The whole Religare Broking Review is undoubtedly full of ups and downs. So, without further ado, let’s delve deeper into it.

Why Trade or Invest with Religare Broking?

Here are some enticing reasons to choose a Religare Broking Account and start investing:

• Firstly, Religare Broking has been a reliable player in the financial industry since 1984.
• Secondly, with Religare Broking, you enjoy low intraday charges—only 0.01% of the TXN value.
• Religare Broking even offers the freedom of zero delivery charges. As a result, you can invest in stocks for the long term without worrying about hefty fees.
• The best part is that you can take a position in equity delivery without fear of the charges.
• Religare Broking ensures that you get the most value for your trades. Thus, it offers some of the industry’s lowest costs. It starts at just 0.01% of the TXN value across various assets.

The competitive Religare Broking Brokerage charges offer incredible value for your trading activities. Starting with Account Opening Charges, Religare Broking provides the ease of a free account opening, making it easier for you to commence.

You can enjoy a low charge of just 0.01% of the transaction value for equity intraday trading.

Besides, free brokerage charges for equity delivery trades are a sign of relief. It allows you to build your long-term portfolio without extra fees.

You can trade equity futures with a nominal charge of only 0.01% of the TXN value. The same fees apply to commodity futures, options, and currency trades.

Similarly, the Equity Option at Religare Broking requires only a minimal charge of Rs.5.

Religare Broking Calculator

Calculate Brokerage Charges of Religare Broking.

How do I open a Religare Broking Demat Account?

To open a Religare Broking Demat Account, follow this step-by-step process:

1. Please enter your details in the section provided below.
2. You will receive a call from the executive of Religare Broking, and they will guide you for further processing.
3. Submit the application or the documents online or at the designated address provided by Religare Broking executives.
4. Please wait for the approval, as it should be activated soon.

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Religare Broking offers a diverse range of trading platforms and tools to cater to the needs of various investors.

Firstly, we have an Android App that allows investors to trade and screen their trades on the go.

Next, you’ll see an iOS App in this Religare Broking Review designed for Apple users, providing all-in-one facilities on iPhones and iPads.

Similarly, Religare Broking’s web-based trading platform and web trading terminal are also there to create a firm grip on the market. Overall, the broker is living up to its user’s hopes.

Religare Broking continues beyond its Religare Broking App. Check out these exciting platforms, tools, and features that enhance the trading experience:

Religare Dynami App:

Meet Religare Dynami, the hassle-free mutual fund app for on-the-go investors. It is a discrete solution for MF investors and can undoubtedly refine your actions in the stock market.

• The discreet MF platform even brings you some of the finest mutual fund schemes. While tracking portfolios, it lets you calculate returns at the same time.
• Moreover, the platform keeps you on your toes about SIP due dates and orders, making it easier to manage investments and achieve financial goals.
• With direct and regular plans from top AMCs like HDFC, Kotak, and more, start your SIP journey with as little as Rs. 500 per month.
• Available on both the Play Store and the App Store, the Dynami Wrap app enables easy mutual fund investments.

Religare Web Portal

Likewise, with other brokers, Religare Broking offers a friendly web-based trading platform. So, when you rush, tune into your web browser and open the broker’s site.

• Stay in touch with real-time stock prices and create bespoke watchlists.
• Besides, you can also access ten days of intraday trading data and five years of historical price data, which is rarely obtainable on other platforms.
• Log in to the web browser and trade across exchanges, whether on a laptop, desktop, or mobile device. The portal is fully responsive and blends with people’s needs.
• Lastly, the web portal is undoubtedly your go-to selection if you have fast Wi-Fi signals.

Religare DIET ODIN:

ODIN Diet is versatile desktop trading software for diverse markets. It is an all-in-one platform that lets you trade in multiple assets, e.g., equities, MFs, IPOs, etc.

• Also, you can benefit from real-time quotes and technical and multi-market insights.
• DIET ODIN, with its back office, aids in the smooth tracking of trades, funds, and portfolio motions.
• Besides, the hassle-free pay-in and payouts via its all-in-one facilities are another notable point we can’t miss.
• Lastly, the portal is so lovely that traders get the ease of accessing and executing trades from their devices. No doubt, Diet Odin is faithful to its promises.

Dynamic Wrap App

The Dynamic Wrap app simplifies the process of starting SIPs or MF investments.

• Besides, the bespoke solution gets you details about diverse MF schemes and fund scanners to identify suitable options and aid via portfolio trackers.
• In addition, the app keeps you on your toes about SIP due dates and alerts for orders, ensuring timely investing.
• Choose from a wide range of direct and regular mutual fund plans from top AMCs; the broker offers diversified investment options.
• The Dynamic Wrap app is available on Android and iOS devices, offering ease and flexibility for investors.

The list of Religare Broking offers is insane, and you will love them too. However, free AMC doesn’t exist. But aside from this, we have noticed certain exciting things too.

• Firstly, the broker creates a charming presence with its free account opening process.
• Similarly, an accessible brokerage facility is also present for limited assets.
• Luckily, there are flexible brokerage plans that adapt to people’s unique needs.
• 500 referral offers must be counted in this section as they can help you make an extra buck aside from your existing gains.

Religare Broking SWOT Analysis

Here is the detailed SWOT analysis for Religare Broking:

Strength:

• Well, the major strength of the broker lies in its cheap fees, which are modest at 0.01% of the TXN value.
• Secondly, the broker has been a well-known entity since 1984, adding a layer of reliability.
• Religare Broking caters to diverse traders’ needs through its discreet tools and resources.
• A discrete MF platform is the cherry on top for people who use MF to diversify their portfolios.
• The brand boasts a positive response rate, indicating the broker’s ability to tackle customer queries.

Weakness:

• The major weakness of Religare Broking lies in its minimal efforts at marketing itself, which may hide the broker’s ability.
• Similarly, despite all the good things about the Religare Broking app, the platform still seeks some requisite tweaks.
• Other good alternatives may outdo Religare Broking as a stockbroker, but for now, it is a competitor to itself.

Opportunities:

• Religare Broking may seize more positive reviews by minimizing confusion for newbies or by serving an all-in-one solution.
• The broker lets you trade and invest in multiple assets, and adding banking facilities might spruce things up.
• However, there’s no customized recommendation. So the broker should watch it better.

Threat:

• Soaring rivalry in the online stock brokerage industry might fade the broker’s charm.
• Government policies and guidelines from authorities can also be a potential obstacle in the Religare Broking path.
• Other emerging and popular brokers might outdo Religare Broking, so special marketing attention is necessary.

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• A complete research tool is valuable to any market person or trader. Luckily, it is present in the Religare Broking Trading account.
• Namely, you can access fundamental reports that keep you on alert about the primary market moves.
• IPO reports are another exciting part of Religare Broking research that you can’t miss.
• Stock tips and daily market reports are also present here.

Interestingly, traders can leverage extra funds to trade assets. The Religare Broking Margin is an exciting part of the talk because, with every purchase, you reap this unique advantage. Such as

• Equity delivery orders give you 1X leverage on the platform.
• The same facility is available for Equity, commodity F&O carryforward, and currency F&O.
• However, Commodity and Equity F&O intraday invite 1.3x leverage.
• Margin in equity intraday is committed up to 5x, but it depends on stocks, so keep checking that.

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Religare Broking Customer Care might leave you in awe because it boasts an impressive rate of satisfied customers.

Since its inception, the broker has maintained a track record of staying relevant to people’s needs.

The broker has trained its helpers to provide prompt solutions at the Religare Broking customer portal.

That’s why it has been rated 8.10 out of 10 for its overall rating. Similarly, the customer support rating also stands at 8.06 out of 10.

Now that we know the broker’s customer support department, it’s time to look into Religare Broking Complaints.

Firstly, it’s worth noting that the broker has a 77.97% complaint resolution rate. You may find it reasonably low, but that’s possible because most complaints are under observation.

Another piece of data tells the truth because the non-actionable complaint rate is a mere 6.78% of the total. In short, the broker will undoubtedly live up to your hopes.

Religare Broking Charges

In addition to Religare Broking Account opening charges that don’t even exist, we can see some hidden charges becoming a source of stress for most traders.

To name Religare Broking Hidden charges starts with STT and CTT charges, which count 0.1% on equity delivery and vary for other assets too.

Stamp duty and TXN charges will also be included in your welcome. However, Call and Trade charges are free, and account closure charges don’t burden you.

Similarly, account reactivation charges are also not an issue here.

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Religare Broking Review – Conclusion

In this Religare Broking review, it is evident that the broker is a reliable companion in your journey to the stock market.

Set up in 1984, Religare Broking has built an impressive network of active clients. However, the most significant credit goes to the broker’s cheapest brokerage and service rates.

Religare Broking is a go-to choice for most beginners with a small wallet. Besides charges, Religare Broking’s cutting-edge tools and resources are another remarkable thing.

Overall, Religare Broking is an excellent choice.

FAQs on Religare Broking

Here is the list of FAQs related to the Religare Broking Review.

Is Religare Broking a Safe Broker?

Set up in 1984, Religare Broking is building a wealth of reputation with its low-priced yet high-value services and benefits to traders in the stock market. It is undoubtedly a safe broker.

Is Religion Broking Good for Beginners?

Religare Broking has a record of charging some of the industry’s lowest fees and brokerage for trades.

For example, the broker charges a mere 0.01% of the TXN value for equity trades. Account opening is also free of charge. Hence, it is an excellent choice for beginners.

How many active clients does Religare Broking have?

Religare Broking Stock Broker presently caters to over 1.44 lakh customers. However, the exact figure is uncertain, but it is rising with every passing year.

Who is the Founder of Religare Broking?

Nitin Aggarwal and Manjushree Nitin Ghodke are the minds behind the Religare Broking platform. Both of them founded this discounted broking platform in 1984, which is liked by many.

Does Religare Broking provide Free delivery?

Indeed, you can enjoy delivery trades for free at Religare Broking. Hardly can you find any such broker in the market charging zero fees for delivery trades. But Religare Broking has this much courage.

What are Intraday Trading Charges in Religare Broking?

Your day trading in Religare Broking could be more stress-free. After all, the reason is the lowest brokerage.

Religare Broking charges just 0.01% of the TXN value if you are trading equities.

What are Religare Broking F&O Charges?

Beyond a doubt. Future and Option charges are a source of anxiety for many. But the meaning changes when you trade at Religare Broking, where the broker charges a mere 0.01% of the TXN value.

Does Religare Broking charge for Commodity Trading?

Certainly yes. But charges for commodity trading are almost zero. After all, the broker charges just 0.01% of TXN value, which is exciting.

Does Religare Broking charge for Currency Trading?

You can trade currencies via the Religare Broking online brokerage platform. But it makes sense, too, because the broker charges just 0.01% of the TXN value for the service.

Does Religare Broking Provide Research?

Yes. Religare Broking provides service support to aspiring traders who prefer to keep their every trading move well-informed and avoid unthinkingly dipping their toes.

How do I contact Religare Broking Customer Care?

So, if you are confused about something linked to Religare Broking services, please get in touch with the broker’s team.

Their official email ID is [email protected], and their phone number is 1860-258-8888, 8068713412.

How much is AMC in Religare Broking?

AMC, or Account maintenance, charges vary on every stockbroking platform. But here, in the case of Religare Broking, the charge sits at Rs 300 per year.

What are Account Opening Fees in Religare Broking?

Account opening is a free activity at Religare Broking. Anyone can open an Account at Religare Broking without paying any upfront or opening charges.

What are Pledge Creation Charges in Religare Broking?

The pledge creation charge in Religare Broking is Rs 25 per request.

How Much are Pledge Invocation Fees in Religare Broking?

The pledge invocation fees in Religare Broking are Rs. 15 per request.

Does Religare Broking levy any Interest on Margin Trade Funding?

Certainly yes. Religare Broking levies 0.05% per day in interest on Margin trade funds. However, it may sound petite. But if you are in a more prominent position, make wiser choices.

What are DP Charges in Religare Broking?

The depositary charges in Religare Broking are Rs. 21 per scrip on sale.

Does Religare Broking levy any Account Closure Fees?

If you didn’t like something about Religare Broking and want to shut down your Religare Broking account, No worries; drop your request off with customer care or leave the account.

In other words, you don’t need to pay a closure fee, nor do you need to pass a particular criterion.

What are Account Reactivation Fees in Religare Broking?

Have relief. Whether by intention or mistake, if you were not an active user of Religare Broking for a long time but decided to reactivate it now, Do it at no cost.

The account reactivation process at Religare Broking is free of charge.

What are Call and Trade Charges in Religare Broking?

Surprisingly, Religare Broking has no Call and Trade charges, which is rare. Most brokers charge a significant percentage in this section.