Religare vs Angel Broking – Point by Point Comparison

First and foremost, both Religare and Angel Broking are full service brokers. Religare is more of a still developing firm whereas Angel Broking was established in 1987 and is one of the top three retail broking firms in India. Religare is supported by the exchanges BSE, NSE, MCX and NCDEX and Angel Broking by BSE, NSE, MCX and MCX-SX. Religare uses Odin Diet as its trading platform while Angel Broking uses Angel Lite, Angel Swift, Angel Eye and Speed Pro.

Angel Broking charges lower Currency charges, Equity Options Charges, and Commodity charges when compared to Religare. But the minimum transaction charges charged by Religare are lower at Re.0.01 per share compared to the Re.0.10 per share charges by Angel Broking.

The transaction charges of both the broking firms are mostly the same except for the Equity Options where Religare charges 0.06% on Premium while Angel Broking charges 0.05% and there are no Commodity charges for Religare but for Angel Broking the charges are present.

The customer ratings of Angel Broking were found to be slightly higher than that of Religare. The investment options available are more or less the same for both the brokerage firms.

    Religare Angel Broking
Basic Information Type of Broker Full Service Broker Full Service
Fees for Opening Trading Account Rs. 500 Rs. 600
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Nil
Annual Maintenance Charges of Demat Account Rs. 300 Rs. 300
Brokerage Charges Equity Delivery Charges 0.50% 0.1% to 0.4%
Equity Intraday Charges 0.05% 0.1% to 0.4%
Equity Future Charges 0.05% 0.1% to 0.4%
Equity Options Charges Rs. 70 per lot Rs. 30 to Rs. 50 per lot
Currency Futures Charges 0.05% 0.1% to 0.4%
Currency Options Charges Rs. 30 per lot Rs. 12 to Rs. 15 per lot
Commodity Charges 0.05% 0.1% to 0.4%
Minimum Brokerage Charges Re. 0.01 per share Rs. 0.10 per share
Transaction Charges Equity Delivery 0.00% 0.00%
Equity Intraday 0.00% 0.00%
Equity Futures 0.00% 0.00%
Equity Options 0.06% on Premium 0.05% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.06% on Premium 0.05% on Premium
Commodity 0.00% For MCX: 0.0015%, for MCX-SX: 0.0001% & for NCDEX: 0.0030%
Features 3-in-1 Account N N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts Y Y
Online Demo Y Y
Online Portfolio Y Y
Trading Platform Odin Diet Angel Lite, Angel Swift, Angel Eye & Speed Pro
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) Y Y
Mutual Funds Y Y
Debt Y Y
Bond/ NCD Y Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N Y
Branch Support Y Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results Y Y

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