Religare Stock Trading

Religare Enterprises Limited is Ranbaxy Laboratories Limited promoted financial product and service provider company.

Religare provide its service in three different segments including Retail, Wealth management and the Institutional spectrum. It offers wide range of services including equities, commodities, insurance broking, wealth advisory, portfolio management services, personal finance services, Investment banking and institutional broking services. Religare retail network spreads across more than 900 locations across more than 300 cities and towns in India.

Religare Securities Limited is a subsidiary company of Religare Enterprises Ltd and involve in equity related services include online trading at BSE and NSE, Derivatives, commodities, IPO, Mutual fund, Investment banking and institutional broking services.

People who wonder where Religare word came from, it's a Latin word meaning 'to bind together'.

Type of Account

1. R-ACE (Basic)

   It's the basic online trading account provided by Religare. Investor can trade and access their account information online and over the phone as well.This account comes with a browser based online trading platform and no additional software installation needed.

   This account also provides Lifetime free DP account with no annual maintenance charges.

2. R-ACE Lite (Advanced)

   It's the advanced account option for the investor with Religare. This trading account provides the entire feature of R-ACE (Basic) account. In addition it also provides real-time streaming stock quotes and alerts.

   This trading platform is also browser based and no software installation is needed.

3. R-ACE Pro (Professional)

   As the name indicates this account is for high volume traders. Along with the features from above 2 accounts, this account also comes with a Trading Terminal, software which needs to install on your computer. This terminal directly connects the investor to stock market and having all industry standard Treading terminal features including technical charting (intra-day and EOD), multiple watch list, advanced hot-key functions for faster trading, derivative chains, futures & options calculator.

   As in basic and advance account, trading is available online through internet and offline though phone.
   

   Brokerage and Account opening fees:

   Religare offers three kinds of accounts as above. Below are detail about fees and activation charges for each account:
   1.R-ACE
   Account activation charges Rs.299/-.
   Minimum margin of Rs.5000/- required.
   
   2.R-ACE Lite
   Account activation charges Rs.499/-.
   Minimum margin of Rs.5000/- required.
   
   3.R-ACE Pro
   Account activation charges Rs.999/-.
   Minimum margin of Rs.10,000/- required.
   
   4. All the account comes with free annual maintenance charge.
   
   5. All account comes with free DP account.

Brokerage at Religare
On the basis of volume and frequency of trading, Religare provide different options for brokerages. On the broader way they divided into three categories:

• Classic Account
  Intraday brokerage varies from 0.3% to 0.5%.
  Delivery brokerage varies from 0.30% to 0.50%.
  Derivatives brokerage varies from 0.3% to 0.5%.
• Freedom Account
  In this payment scheme, investor has to pay a fix amount in advance for Monthly (Rs 500/-), Quarterly (Rs.1400), Half-yearly (Rs 2500) or Annual Subscription (Rs 4000). This one time payment enable account holder to trade for Rs. 3,00,000 intraday & derivative trading and Rs. 40,000 of delivery based trading for zero brokerage.
• Trump Account
  Trump account has two payment options, Trump Plus and Trump Super plan:
  1. Trump Plus has annual subscription fees of Rs 2,500, Brokerage on Delivery Trades of 0.25% and Brokerage on Intraday Trades & F&O Trades of 0.025%.
  2. Trump Super has annual subscription fees of Rs. 15,000, Brokerage on Delivery Trades of 0.15% and Brokerage on Intraday Trades & F&O Trades of 0.015%.

How to open account with Religare?

For online trading with Religare, investor has to open an account. Following are the ways to open an account with Religare:

• Call them at phone number provided below and ask that you want to open an account with them.
• Visit http://www.religareonline.com/applyonline.asp and fill a form. Representative from religare will contact you.
• Visit one of their branches. Religare has a huge network all over India with more than 300 branch locations and a chain of franchises. Click on http://www.religareonline.com/branches.asp this link to find out your nearest branch. Just select the place near you and you'll find a manager to assist you there.
• From the mobile phone type "RELIGARE" and send it to 54646. Customer representative from Religare will call you with in 24 hours.

Advantages of Religare

1. Religare gives interest on unutilized cash when investor is waiting to make next trade or online investment.
2. Religare Allow their investor to trade without having to worry about cash margin. Investor can get exposure (on cash segment) as high as 20 times for intraday trades.
3. They provide intraday reports and historical charting.
4. Lifetime free DP account.
5. Varity of fee structure to fulfill need of different type of investors.

Useful links about Religare / Contact Religare at:

1. Website: www.religareonline.com
2. Email: race@religare.in, igreligare@religare.in
3. FAQs: https://nat.religaresecurities.com/stsb/presentationlayer/FAQ.pdf
4. Phone: 011-44312345
5. Toll Free: 1800-11-44-88