Religare Securities Review 2021
Religare Broking Ltd. (RBL) is basically a fully owned subsidiary of Religare Enterprises Limited (REL), a top-rated diversified financial services group in the country. RBL is one of the market leading securities institutions in the country catering over 8 lakh clients across both Offline and Online platforms. Read this Religare Securities Review to Know about their Trading, Insta & Demat Account, Brokerage Charges, Plans & more.
Religare Securities, the stock broking firm is an active member of BSE, NSE, MCX-SX and USE.
Set up in 1986, Religare Securities offers a range of trade & investment services like retail broking, depository services and other related investment services to customers located across India. With a remarkable presence in over 500 cities though its branches and sub-brokers, Religare is considered one of the biggest conventional stock brokers in the country offering personalize services to over 10 lakh customers.
The services provided by Religare Securities includes trading in equity, equity derivatives, currency derivatives, commodity, Religare demat account and various associated services, Mutual Funds, NCD, IPO etc. We will talk about it later in this Religare Securities Review.
Largely as a group, Religare aspires to meet every segment of the market from mass retail to affluent, HNIs, mid-size corporates, SMEs to large corporates and institutions. With over 7000 employees, the group has a presence across more than 1450 locations pan India.
The full-service stock broker, Religare Securities allows its clients to trade and invest across various segments including:
- Equity
- Derivative
- Commodity Trading
- Currency Trading
- Mutual Funds
- NCDs
- IPOs
- NRI Demat Account
Some important things about Religare Securities Review:
- 30+ Companies under Fundamental Coverage
- 150+ Intraday Calls with Success Rate of 65%
- 8+ Stocks in Religare Alpha Portfolio
- 200+ Positional Calls with Success Rate of 61%
Membership Information
The membership details of Religare Securities are given below.
How can I open demat account in Religare Securities ?
Religare Securities features 2-in-1 account which combines a trading and a demat account. Customer can choose not to open demat account if they are looking to trade only in derivatives (F&O).
Similar to other traditional stock brokers, Religare Securities has a range of prepaid and postpaid trading plans for its customers.
How can I do intraday trading in Religare securities?
There are primarily two ways to open a trading account with Religare Securities.
- Religare Insta Account (Online Account Opening)
- Visit Religare Branch or Sub-broker office
To open an account with Religare Securities for trading, follow one of the steps:
1.Religare Insta Account
Religare offers online quick account opening process through e-KYC (Electronic Know Your Customer). There is a total of 5 steps to open a trading account:
- E-KYC Check – Enter PAN Number and Date of Birth to get all your information from the integrated KYC database.
- Profile Creation
- Bank & Income Information
- Trading & Product Plan
- Document Upload
2.Visit Local Branch or Sub-broker Office
Visit your nearest branch office of a Religare or its sub-broker to open an account. If you call them, they will also schedule a personal visit to your home for account opening.
If you wish to fill a paper form for account opening, you can choose to visit Religare website’s download section and download the PDF form. You could also contact your local branch to arrange a personal visit for account opening and demo of trading platform.
Account Opening Charges
- Religare Account Opening Charges (Trading Acct): ₹500
- Religare AMC Charges (Trading Acct): Nil
- Religare Account Opening Charges (Demat Acct): Nil
- Religare AMC Charges (Demat Acct): ₹400 from second year onward
The online option of account opening is quite easy and fast. In general, it doesn’t take more than 30 minutes of yours to complete the entire process. Opening a demat account is a quick online process but closing an account is little time consuming in comparison to opening an account. As its offline process, the customer needs to submit physical form to the branch or courier it on mentioned address for account closure.
Religare Securities Trading Platforms
The full-service broker of India doesn’t leave a single stone unturned to provide seamless trading experience to its clients across all segments. By leveraging new-age technology, Religare Securities offers a number of trading platforms for desktop, browser and mobile.
Now, let’s look at the best trading platforms provided by the stock broker.
- Religare Online Web
As its name suggests, Religare Online Web is basically a browser-based trading platform that offers unprecedented levels of ease and comfort to traders and investors. The trading platform can be accessed on any browse on both a desktop or laptop without the need for any installation. The tool is known to have a number of features.
- Detailed market watch
- Customized lists
- Faster and real-time price quotes and trending charts
- Option to trade from anywhere
- Intraday data for the last 10 days and historical data available for last 5 years
- Religare – Trade On The Go
Much of it gets clear from the name itself. In order to help investors trade while they’re on the go, Religare Securities has launched a mobile app with the name – On The Go. The mobile app is available for Android and iOS platforms. There is also an installation file that can be downloaded and installed on phones like BlackBerry. Some of the major app features include:
- Quicker order placement irrespective of the location
- Live streaming of quotes that can be customized as per internet speed
- Personalized market watch
- Option to track the order book, trade book, market depth, and stock portfolio etc.
- Advanced charting with market trends, indices, and corresponding indicators
- Religare Dynami
Another mobile app offered by the stock broker is Religare Dynami. It is available in both Android and iOS versions. The most remarkable things about it is its simple and neat user interface. Its major features include:
- Option to trade across multiple segments like Equity, Commodity, and Currency
- Option to add various watchlists
- Personalization and customization permitted along with in-app alerts and notifications
- Single swipe order placement
However, there are certain issues that clients have complained of like:
- The app gets crashes too often
- No option for fund transfer
- Doesn’t work smoothly on some Android smartphones
- Equity Odin Diet Application
This trading platform comes in the form of an executable file that needs to be downloaded and installed on a computer system. Though its UI is quite obsolete, the application works really smoothly. Its major features are:
- Option to trade in equity, commodity, currency, mutual funds, and IPOs
- Advanced portfolio tracker and live market watch
- New features like Stock Screener
Religare Securities Review, Customer care & Ratings
In terms of number of customer care touch points, Religare Securities offers various options to get in touch with Religare Customer care.
- Toll-Free Number
- Phone
- Physical Branches
- Web Form
- Fax
- Rating
Apart from the toll-free number, Religare Securities does not have any phone or mobile lines for customer communications. The turnaround time taken by the broker to resolve your query may vary from 1 hour to 48 hours depending on the sternness of the issue.
If you think you have been wrongly treated by the broker, Religare Securities, such as any other stockbroker, provides support through its appointed compliance officer.
As far as the overall quality of Religare Securities Customer Care is taken into account, the broker definitely needs to focus more on its turnaround time particularly for clients who are stuck in their trades due to a concern in any of the trading platforms or order execution in general.
Religare Securities Pricing
The brokerage charges and account opening charges by Religare Securities are mentioned below.
Account Opening Charges
- Religare Account Opening Charges (Trading Acct): ₹500
- Religare AMC Charges (Trading Acct): Nil
- Religare Account Opening Charges (Demat Acct): Nil
- Religare AMC Charges (Demat Acct): ₹400 from second year onward
Religare Securities Brokerage Charges
With Religare Securities, the customers need to pay commission for the buying and selling of stocks. The brokerage charges for equity, commodity and currency derivative are given below.