Religare vs Geojit BNP Paribas – Point by Point Comparison

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
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)
Commodity Charges 0.05% NA
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 Intraday 0.00% 0.00%
Equity Futures 0.00% 0.00%
Equity Options 0.06% on Premium 0.055% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.06% on Premium 0.0473% on Premium
Commodity 0.00% NA
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 Flip Platinum
Investment Services Stock/ Equity Y Y
Commodity Y N
Currency Y Y
IPO (Initial Public Offers) Y Y
Mutual Funds Y Y
Debt Y Y
Bond/ NCD Y NA
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N N
Branch Support Y Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results Y Y

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