Religare Securities Review 2020 : Smart Investment Strategies

Religare Securities Review 2020

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Religare Securities Ltd (RSL) is a subsidiary of Religare Enterprise limited. It was incorporated in 1986. The New Delhi based diversified financial group offers retail broking services, depository services, and investment-related services to Indian customers.

Religare Securities Review 2020 discusses the vast bucket of services including trading in equity, equity derivatives, commodities, currency derivatives, mutual funds, NCDs, IPO, ETFs, etc. offered by the broker. Religare Securities is also a member of NSE, BSE, NCDEX, and MCX exchanges and offers Demat account services through CDSL, and NSDL.

The brokerage firm has a physical presence in more than 500 cities across India through branches and sub-brokers, making it one of the largest brick and mortar based stockbrokers that provides personalized services to approx. 10 lakh clients.

The brokerage firm offers three different trading accounts to its customers i.e. R-ACE Basic, R-ACE Advanced, and R-ACE Professional. Moreover, Regalia Securities provides integrated financial services to its retail, corporate, and wealth management customers.


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Why Open Account with Religare Securities?

As per the Government of India and several laws governing the trading industry of India for trading across various segments, a Demat or Trading account is essential. It is not just the reason to register as an Investor or Trader with the Religare Securities. Here are some other reasons why you should have an account with Religare Securities:

  • One of the best brokerage services
  • Outstanding Phone trading service
  • Daily trading confirmation calls
  • Competitive Brokerage plans
  • Personalized reports and actionable stock tips
  • Powerful trading tools like Smart Stock Screener and Portfolio Tracker

Technology and Trading Platforms

Religare Online Web Trading Platform

The remote trading platform particularly works on a web-based browser for the registered investors and traders. Its salient features of the platform include:

  • It can showcase and run real-time data related to the market among various indices and exchanges.
  • It also lets their customers add numerous watch lists with the option to add several trading items on the same list. Users can customize these watchlists as per their requirements
  • The platform can perform unhindered at low bandwidth. It makes the app highly efficient particularly for tier 3 and 4 tier cities where the speed of the data can become a hindrance in trading
  • The platform  is designed to be user friendly so that the registered users can access it from any place using their laptop/desktop
  • Users can access intraday trading data of the last ten days, and historical data related to the overall trading industry of the last five years.
Religare Online Trading Terminal
Religare Dynami App – The Mobile App

The Religare Dynami is a mobile-based trading platform developed bu the brokerage form and is functional with IOs and Android-based mobile devices. Various features of the app include:

  • It enables the users to trade across varying segments like equity, commodity, and currency through the app
  • The app serves a segment of investors or traders who don’t want to indulge in difficult analyses and calculations.
  • The app assists their respective customers in the best possible methods. It also gives active personalization and customization choices to the respective customers with several notification and alerts.
Religare Dynami App
Religare Securities Trade On the Go – The Mobile Web Platform

Religare Securities On the Go is a mobile-based platform functional with both iOS and Android devices. It comes with various features:

  • The customers can place numerous orders using their mobile phone without constraining them in national, international, or regional boundaries
  • The platform is suitable to showcase and display live quotes in real-time among multiple indices and exchanges
  • It can keep track of customers’ order book, trade book, stock portfolio, market depth, etc.
  • This platform is equipped with several analytical tools that permit the customers to have an in-depth analysis through indices, market trends, and corresponding indicators.
Religare Trade on the Go
Religare Securities Terminal

The terminal-based trading application can be accessed as an executable file. The platform can be installed on a Windows-based laptop or computer. The features of the terminal include :

  • The platform allows the investors and traders to trade across equity, currency, commodities, mutual funds, and IPOs within a single screen
  • It is integrated with the live market watch and portfolio tracker
ODIN Diet Terminal

Religare Securities Research and Advisory

Religare Securities take huge pride in their research advisory related offerings. They provide exclusive services or documents related to company reports, company stock overview, research reports, fundamental reports, top picks, annual reports, monthly reports, IPO reports, offline advisory, and a relationship manager.

How to Open a Demat Account with Religare Securities?

If you want to join a brokerage firm as a retail investor, Religare Securities is one of the best options for you. To open a Demat account with Religare Securities, here is what you need to do:

  • Click on ‘Open Demat Account’
  • You will be directed to the official website of Religare Securities. Fill the Contact form on the website.
  • Fill every detail with the right information
  • Generate OTP on your phone number and enter the code received.
  • Click on ‘Open Demat Account Now’
  • You will now be asked to complete the KYC process
  • The KYC process will need your photograph, Pan Card, Aadhar Card, to verify your identity, address, and age
  • After submitting the form and completing the KYC verification process, the authorized person from the company will contact you
  • You will then receive access to your Demat account.

Religare Securities Account Opening Charges

TransactionFee
Trading Account Opening ChargesINR 500 (one time)
Trading Account Annual Maintenance ChargesINR 0
Demat Account Opening ChargesINR 0
Demat Account Annual Maintenance ChargesINR 350 (Yearly)

The brokerage company is offering Zero Account Maintenance Charges.

Religare Securities Transaction Charges

Religare charges its customers with additional transaction charges apart from the brokerage which includes the various taxes and transaction charges imposed by the government and SEBI. These charges are in addition to the brokerage already being paid by the customer.

SegmentTransaction/Turnover ChargesServices TaxEducation CessHigher Education CessSEBI Charges
Equity Delivery0.00325%0.12%0.02%0.01%₹20 per crore
Equity Intraday0.00325%0.12%0.02%0.01%₹20 per crore
Equity Futures0.004%0.12%0.02%0.01%₹20 per crore
Equity Options0.0006%0.12%0.02%0.01%₹20 per crore
Currency Futures0.004%0.12%0.02%0.01%₹20 per crore
Currency Options0.0006%0.12%0.02%0.01%₹20 per crore
Commodity0.0005%0.12%0.02%0.01%₹20 per crore

Brokerage Charges

Equity Delivery
SegmentFee
Brokerage0.5%
Transaction/ Turnover Charges0.00325%
Service Tax12% (on brokerage and transaction charges)
SEBI ChargesINR 20 per Crore
Equity Intraday
SegmentFee
Brokerage0.05%
Transaction/ Turnover Charges0.00325%
Service Tax12% (on brokerage and transaction charges)
SEBI ChargesINR 20 per Crore
Equity Futures
SegmentFee
Brokerage0.05%
Transaction/ Turnover Charges0.004%
Service Tax12% (on brokerage and transaction charges)
SEBI ChargesINR 20 per Crore
Equity Options
SegmentFee
BrokerageINR 70 per lot
Transaction/ Turnover Charges0.6% on premium
Service Tax12% (on brokerage and transaction charges)
SEBI ChargesINR 20 per Crore
Currency Futures
SegmentFee
Brokerage0.05%
Transaction/ Turnover Charges0.004%
Service Tax12% (on brokerage and transaction charges)
SEBI ChargesINR 20 per Crore
Commodity
SegmentFee
Brokerage0.05%
Transaction/ Turnover Charges0.0035%
Service Tax12% (on brokerage and transaction charges)
SEBI ChargesINR 20 per Crore
Exposure/Leverage
Equity DeliveryUp to 10x
Equity IntradayUp to 15x
Equity FuturesUp to 10x
Equity OptionsUp to 10x
Currency FuturesUp to 5x
Currency OptionsUp to 9x
CommoditiesUp to 10x

Consumer Complaints Report

ExchangeFinancial YearNumber of ClientsComplaints
NSE2020-2021111,9318
NSE2019-2020111,65247
BSE2019-202045,6979
NSE2018-2019162,15169
BSE2018-201942,2924
NSE2017-2018143,89278
BSE2017-201875,87218
NSE2016-2017120,75883
BSE2016-201752,04422

Conclusion

The services of the Religare Securities have been up to their reputation. The products and services they offer to their customers across the country are no exception.   The services and features to the customers are endless, be it amazing research and analytical reports, advanced tools, partner support and relationship manager, centralized risk management cell, and single sign-in platform.

Religare Securities Review 2020

Best Broker India

Customer Service
Web Trading Platform
Mobile Platform
Educational Material
Brokerage

Summary

3.2

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