Religare vs RKSV Securities – Point by Point Comparison

RKSV, based on Mumbai, is one of the first discount brokers, whereas Religare is a full service broker and has its presence in Asia, Europe, America and Africa. RKSV offers both ‘Pay per trade’ and ‘pay per month’ options which is comparable to Religare’s ‘Trade on The Go’. RKSV’s ‘5 free trades per month for life’ makes it popular not only in trading but also in the investing community. RKSV trades in three stock exchanges, viz. NSE, BSE and MCX, whereas Religare includes all these and one more NCDEX. RKSV offers 3 different types of plans, namely, Dream Plan, Pro Plan and Ultimate Plan and Religare offers three types of accounts and their brokerage charges, that is, Basic, Advanced and Professional. RKSV charges Rs. 20 extra per executed order for call and trade while Religare follows no standard rates, fees or brokerage. The range of brokerage differs from 0.01% to 0.05% for trading and 0.1% to 0.5% for delivery transaction but these are too negotiable. Both include anytime anywhere order placement either through desktop or tablet or a mobile.

    Religare RKSV Securities Ltd.
Basic Information Type of Broker Full Service Broker Discount Broker
Exchanges BSE, NSE, MCX & NCDEX BSE, NSE, MCX
Fees for Opening Trading Account Rs. 500 Rs. 250
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Rs. 300
Annual Maintenance Charges of Demat Account Rs. 300 Rs. 400
Brokerage Charges Equity Delivery Charges 0.50% Nil
Equity Intraday Charges 0.05% Rs. 20 per executed order
Equity Future Charges 0.05% Rs. 20 per executed order
Equity Options Charges Rs. 70 per lot Rs. 20 per executed order
Currency Futures Charges 0.05% Rs. 20 per executed order
Currency Options Charges Rs. 30 per lot Rs. 20 per executed order
Commodity Charges 0.05% Rs. 20 per executed order
Minimum Brokerage Charges Re. 0.01 per share Nil
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 0.06% on Premium
Commodity 0.00% 0.00%
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 N
Trading Platform Odin Diet NEST
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) Y N
Mutual Funds Y N
Debt Y N
Bond/ NCD Y N
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N N
Branch Support Y N
Reports Daily  Market Report Y N
Quarterly Analysis of Results Y N

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