Religare as well as Geojit BNP Paribas are both full service brokers. While Religare has spread across Asia, Africa, Middle-East and the Americas from India, Geojit is based in Kochi, Kerala and has a strong existence in the Gulf.
Geojit BNP Paribas charges slightly higher but not more than Religare when it comes to brokerage charges. The fee for starting a trading account under Religare is Rs.500 while it is Rs.800 under Geojit BNP Paribas. Both firms do not charge anything for the annual maintenance of the trading accounts or for opening a Demat account but Religare charges Rs.300 and Geojit BNP Paribas charges Rs.50 higher for the annual maintenance of the Demat accounts.
Under brokerage charges, Religare charges higher Equity charges compared to Geojit BNP Paribas. The minimum brokerage charges for Religare is Re.0.01 per share and for Geojit BNP Paribas is Re.0.01 per share or Rs.20 per contract, whichever is higher.
The investment services of Religare include Commodity whereas that of Geojit BNP Paribas does not.
Religare is a developing brokerage firm which is a part of Religare Enterprises established in 1984. On the other hand, Geojit BNP Paribas is well established and has been around since 1987.
|Religare||Geojit BNP Paribas|
|Basic Information||Type of Broker||Full Service Broker||Full Service Broker|
|Exchanges||BSE, NSE, MCX & NCDEX||BSE, NSE, MCX-SX|
|Fees for Opening Trading Account||Rs. 500||Rs. 800|
|Annual Maintenance Charges of Trading Account||Nil||Nil|
|Fees for Opening Demat Account||Nil||Nil|
|Annual Maintenance Charges of Demat Account||Rs. 300||Rs. 350|
|Brokerage Charges||Equity Delivery Charges||0.50%||0.30%|
|Equity Intraday Charges||0.05%||0.03%|
|Equity Future Charges||0.05%||0.03%|
|Equity Options Charges||Rs. 70 per lot||Rs. 75 per lot|
|Currency Futures Charges||0.05%||Rs. 10 to Rs. 15 (vary as per contract)|
|Currency Options Charges||Rs. 30 per lot||Rs. 10 to Rs. 15 (vary as per contract)|
|Minimum Brokerage Charges||Re. 0.01 per share||Re. 0.01 per share or Rs. 20 per contract, whichever is higher|
|Transaction Charges||Equity Delivery||0.00%||0.00%|
|Equity Options||0.06% on Premium||0.055% on Premium|
|Currency Options||0.06% on Premium||0.0473% on Premium|
|Acceptance of Orders After Trading Hours||Y||Y|
|Trading Platform||Odin Diet||Flip Platinum|
|Investment Services||Stock/ Equity||Y||Y|
|IPO (Initial Public Offers)||Y||Y|
|Customer Support||24/7 Customer Support||N||N|
|Online Live Chat||N||N|
|Reports||Daily Market Report||Y||Y|
|Quarterly Analysis of Results||Y||Y|