Religare Securities vs IDBI Capital – Point by Point Comparison

Whenever a person tries to distinguish between two brokering firms it is important to consider a few factors that are essential for the functioning of the online share trading. Now distinguishing between two very prominent companies, Religare and IDBI Capital, one may bring this point to their notice that both the firms are full service brokers. This point of similarity shows that both the firms are of similar nature, however, there are certain points of differentiation that cannot be ignored.

Considering another very important factor that is the brokerage charges one may find that Religare charges Rs. 25 per transaction or 2.5% of the transaction value whichever is lower and IDBI Capital charges Re. 0.01 per share to 0.50% per transaction. Coming on to another very important point of differentiation between the two firms is the trading platform.

It should be noted that Religare works on the Odin Diet platform to manage its transaction whereas IDBI Capital works on power pro platform that helps in managing the transactions of this firm. All such factors are very important when it comes to choosing on the firm that would be suitable for the functioning of the firm.

  Religare IDBI Capital
Basic Information Type of Broker Full Service Broker Full Service Broker
Fees for Opening Trading Account Rs. 500 Rs. 700
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% 0.50%
Equity Intraday Charges 0.05% 0.08%
Equity Future Charges 0.05% 0.08%
Equity Options Charges Rs. 70 per lot Rs. 100 per lot
Currency Futures Charges 0.05% NA
Currency Options Charges Rs. 30 per lot NA
Commodity Charges 0.05% NA
Minimum Brokerage Charges Re. 0.01 per share Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower
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 0.051% on Premium
Currency Futures 0.00% NA
Currency Options 0.06% on Premium NA
Commodity 0.00% NA
Features 3-in-1 Account N Y
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts Y NA
Online Demo Y Y
Online Portfolio Y Y
Trading Platform Odin Diet Power Pro
Investment Services Stock/ Equity Y Y
Commodity Y N
Currency Y N
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 N
Branch Support Y Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results Y Y

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