Religare vs TradeSmartOnline – Point by Point Comparison

Religare and TradeSmartOnline are two companies leading the race in the field of share market. Both the companies are good and are respected. These possess a strong record which show clients have faith in these companies. Basic information about Religare is that it provides full service brokers and TradeSmartOnline provides discount brokers. Both the companies provide same exchange facility of BSE, NSE, MCX and NCDEX. To get associated with these companies, you need to first register yourselves for which the charges are 500 INR in Religare and 200 INR in TradeSmartOnline. No further registration fees or annual maintenance fee is charged by either of the companies. One of the secrets of success of Religare is that it doesn’t charge anything for opening a Demat account. But a small amount of 200 INR is charged by TradeSmartOnline. The maintenance cost of Demat account is same for both the companies. Minimum brokerage charges offered by both the companies are Re. 0.01 per share and Re. 15 respectively. Trading platform used by Religare is Odin Diet and by TradeSmartOnline is NOW, NEST. Religare and TradeSmartOnline provide a very good and stable platform to start your business.

    Religare TradeSmartOnline
Basic Information Type of Broker Full Service Broker Discount Broker
Fees for Opening Trading Account Rs. 500 Rs. 200
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Rs. 200
Annual Maintenance Charges of Demat Account Rs. 300 Rs. 300
Brokerage Charges Equity Delivery Charges 0.50% Rs. 15
Equity Intraday Charges 0.05% Rs. 15
Equity Future Charges 0.05% Rs. 15
Equity Options Charges Rs. 70 per lot Rs. 15
Currency Futures Charges 0.05% Rs. 15
Currency Options Charges Rs. 30 per lot Rs. 15
Commodity Charges 0.05% Rs. 15
Minimum Brokerage Charges Re. 0.01 per share Rs. 15
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 0.0715% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.06% on Premium 0.0600% 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 N
Online Demo Y Y
Online Portfolio Y N
Trading Platform Odin Diet NEST, NOW
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) Y N
Mutual Funds Y Y
Debt Y N
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 N
Reports Daily  Market Report Y N
Quarterly Analysis of Results Y N

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