Religare Securities Review – Demat A/C, Platforms & Brokerage Charges

Religare Broking Ltd (RBL), founded in 1986, is a part of Religare Enterprises Limited (REL), a leading diversified financial services headquartered in New Delhi. To provide online trading services in various segments, Religare Securities is an active trading member of exchanges such as the BSE, NSE, MCX, and NCDEX. Read this Religare Securities Review to Know about their Trading, Insta & Demat Account, Brokerage Charges, Plans & more.

RBL has over 1 million customers in over 400 cities in India through various branches and franchisees. They promise that they provide excellent research insights as well as numerous advanced analytical tools for profitable online stock trading via many of their online trading platforms. Religare as a group, seeks to serve every market sector, from mass retail to wealthy, HNIs, mid-size corporates, SMEs, and major corporates and institutions. The Religare group has over 1450 branches and sub-branches across India.

Products & Services offered

Here is the list of trading services by Religare Online:

• Equity
• Mutual Funds
• Derivatives
• Currency and Commodity
• ETF’s
• Insurance (Life and General)
• IPO
• NCD
• Debt/Fixed Income
• National Pension Scheme
• Global Investing

Customer Ratings of Religare Online

Key Strengths of Religare Online

• They provide you with in-depth research tips and recommendations.
• You can also invest in US stocks for free.
• They also provide different services like Tax Information Network (TIN) Services, RTA, Digital Signature Certificates, Demat Accounts, Trading Accounts and Mutual fund distribution.
• Invest in the wealth management solutions SmartInvest (WealthBasket) and SmartInvest (Narolina).
• Access to a diverse range of online trading and investing products.
• A dedicated relationship manager will assist you with all of your trading needs.

Religare Online Account Opening Process

Offline Account Opening Process

To open an account, go to your nearest Religare or its sub-broker branch. You can also get a personal visit from their representative by giving them a call. Also, you can download the account opening form from the website in the download section. You can fill out the form and give it to their nearby branch along with the supporting documents.

Online Account Opening Process

• Go to the Religare website- Religare online
• Click the “Open an Account” button on the top right side.
• Sign up for free by entering your name, phone number, email address, and city.
• You will receive an OTP for further verification.
• Fill in your PAN number, DOB, and personal information.
• Connect a personal bank account to transfer funds.
• A list of scanned documents should also be uploaded.
• Using the Aadhaar OTP, e-sign the account opening form
• And it’s done! Once your documents have been validated by the Religare Team, you will get a welcome kit via email that includes your Religare account login information.

Documents Required

It is advised that you keep scanned copies of the following documents:

• Aadhar Card
• PAN Card
• Bank proof (Cancelled cheque/Passbook/Bank account statement)
• Cancelled cheque
• Passport size photo

Religare Online Trading Platforms/ Apps

Religare Dynami Mobile App:

It is one of the easy-to-use and fastest trading platforms that allow you to trade in a variety of markets, including equity, currency, and commodities. The intuitive layout allows traders to take advantage of unlimited market opportunities. The app also offers proactive customization and personalising possibilities to the users, as well as a variety of alerts and notifications. Some of the other top features of the app are quick buy and sell order placing, real-time quotes, portfolio tracking, a smart search bar, instant fund transfer, historic charting, and easy access to reports.

Whether you own an Android or an iOS smartphone, you can download the Religare Dynami stock trading app and begin online trading on the BSE, NSE, and MCX.

Appstore rating: 3.8/5

Google Playstore rating: 4.5/5

Religare Online Web Platform:

Customers of Religare can access the online trading platform to stay up to date which operates through a web-based browser. You can access this platform through a laptop, desktop, or mobile phone. Some of the other features are real-time market data, adding and customising multiple watchlists as per your requirements, 5 years of price history data, interactive charting, you can also manage multiple trading accounts, SMS alerts and email alerts and, it is an extremely flexible app and can work at lower bandwidths as well.

Religare ODIN Diet Desktop Trading Terminal:

is a desktop trading software or terminal that allows you to trade in various segments like equity, derivatives, commodities, currencies, mutual funds and IPO, all on a single screen. The platform includes real-time streaming quotations, easy pay-ins and payouts processes, an advanced portfolio tracker and the availability of research reports. You can also set alerts and get instant market news through the platform.

Religare Dynami Wrap Mutual Fund App:

It is an easy-to-use online mutual fund investment app that allows you to initiate SIPs or invest a one-time lump sum of money on the move. You can monitor all your mutual funds in one place, get all the information on your favourite mutual fund scheme, and get a fund scanner, portfolio tracker and instant notifications. Also, you can invest in more than 30 AMCs, including ICICI, HDFC, Tata, etc. You can get this amazing on your Android and iOS smartphones.

Appstore rating: 3.0/ 5

Google Playstore rating: 3.7/5

Brokerage Charges and Plans

There are two types of account opening plans by Religare-

1. Religare ONE- For traders and investors
2. Religare ELITE- A personalized plan for their premium customers

Here are the brokerage details-

Religare ONE-

• Zero brokerage charges on Delivery Trades
• Zero brokerage charges on Non-profitable Intraday Trades
• Options Pro Plan- in which you get 3 months of free subscription – The brokerage of Rs. 5 per lot in Options Trading
• Commodity and Currency Options at Rs. 2 per lot

Religare ELITE-

• Brokerage starting with 1 paisa: Turnover-based brokerage plans with brokerage as low as 1 paisa.
• One-Time Account Opening Offer: 1 month Brokerage Free * upto Rs.1000
• A dedicated Relationship Manager will handle all of your investment-related needs.

Account Opening Charges

• Demat Account Opening Charges- Rs. 0
• Trading Account Opening Charges- Rs. 0
• Demat Account Annual Maintenance (AMC)- Rs. 400 (Free for 1st year)
• Trading Annual Maintenance Charges- Rs. 0

In addition to the brokerage fee, the following costs are also levied:

• Turnover/Transaction Charges
• Security Transaction Tax (STT)
• SEBI Fees
• Stamp Duty
• GST

Advantages & Disadvantages of Religare Online

Advantages

• Various organisations have recognised Religare for its superior services and contributions to the industry.
• A dedicated relationship manager will be assigned who will answer all of your questions.
• Religare provides its investors with research and suggestions.
• Fair Deal plan: No brokerage on losses for three months.
• Zero account opening charges and AMC.
• Margin trade facility available.
• You can open an online account easily without any trouble.
• Modern platforms with charting and other capabilities.
• The company provides various discounts on their brokerage plans.
• You can also refer and earn some shopping vouchers and free brokerage.

Disadvantages

• There is no live chat facility.
• Comparatively high brokerage charges.
• They do not offer a 3-in-1 account for trading.

Religare Online Margin Exposure

Here are the margins provided for different segments:

Final Thoughts

So, in this article, we discussed Religare Securities’ review of their brokerage charges, margin exposure, trading platforms, and products & services. Religare Securities is regarded as one of the country’s best full-service stock brokers. It provides its clients with a wide range of trading and investment products via its numerous trading platforms. . No matter whether you’re a novice or a seasoned investor, the research reports provided by Religare Securities can assist you in making informed investment decisions.

However, the main disadvantage of Religare is the lack of transparency in brokerage. Their brokerage structure is not clear and a little cumbersome. As a result, a consumer might face a problem in this regard.

User Experience: Trading with Religare Securities

After reading the detailed Religare Securities review, I was able to better understand how this brokerage platform works and whether it suits my investment needs. Before exploring the review, I only knew that Religare was a well-known financial services company in India, but I did not realize the wide range of trading products, research services, and investment tools it offers.

One of the first things that stood out to me was the variety of investment options available on the platform. With Religare, investors can trade in equities, derivatives, currency, commodities, ETFs, IPOs, mutual funds, and even global stocks. This makes the platform appealing for users who want to manage multiple investments from a single account instead of using different platforms for each asset class.

Another benefit that impressed me was the strong research and advisory support offered by Religare. Many investors, especially beginners, struggle with deciding which stocks to buy or sell. The platform provides research reports, stock recommendations, and market insights, which help investors make better decisions. Having access to expert insights gives users more confidence when entering the stock market.

The availability of multiple trading platforms is also a major advantage. Religare offers a mobile trading app (Religare Dynami), a web-based trading platform, and the ODIN Diet desktop terminal for professional traders. This flexibility allows users to trade from their smartphone, laptop, or desktop depending on their convenience. The mobile app, in particular, offers features like real-time market quotes, quick order placement, portfolio tracking, alerts, and historical chart analysis, making it useful for both beginners and experienced traders.

Another interesting feature is the Religare Dynami Wrap Mutual Fund App, which allows investors to track and invest in mutual funds from different AMCs in one place. This makes portfolio management easier for investors who prefer both stocks and mutual funds as part of their long-term investment strategy.

The review also helped me understand the brokerage plans offered by Religare, such as Religare ONE and Religare ELITE. These plans provide benefits like zero brokerage on delivery trades, discounted options trading, and personalized services through a relationship manager. For premium customers or high-net-worth investors, having a dedicated relationship manager can be very useful for managing investments and getting personalized guidance.

The account opening process also appears simple and convenient. Investors can open their trading account online using PAN, Aadhaar verification, and e-signature, which makes the process quick and paperless. Alternatively, users can visit a nearby branch or request assistance from a company representative.

However, the review also points out a few drawbacks that users should consider. One concern is that the brokerage structure can sometimes be confusing, making it difficult for investors to clearly understand the total cost of trading. Additionally, the absence of a 3-in-1 account (bank + trading + demat) may require users to manage separate banking arrangements for fund transfers.

Overall, reading this review helped me realize that Religare Securities is a comprehensive full-service brokerage platform offering a wide range of investment products and research support. It is particularly suitable for investors who want advisory services, multiple investment options, and advanced trading tools. However, traders who are mainly focused on very low brokerage costs may want to compare it with discount brokers before making a decision.

In conclusion, the article provides a clear overview of Religare Securities’ trading platforms, brokerage plans, margin exposure, and services, helping investors make an informed choice before opening a Demat and trading account.

FAQs – Religare Securities Review