What All You Need To Know About Religare Stock Broking?
Religare Securities Ltd. Was founded in 1982 as a stock brokerage firm. It is a subsidiary of Religare Enterprises and is having more than 800,000 clients. This company offers various services that include investment services, retail broking, depository services, and many more.
It is present in over 500 cities via its branches and sub-brokers. Religare Stock Broking has become one of the largest and trusted stock brokers.
Some other services that the customer can avail are equity derivatives, commodity, trading in equity, currency derivatives, Demat account, Mutual Funds, and many more.
Religare is one of the members of different exchanges such as BSE, NSE, NCDEX, and MCX.
Through this, the clients will get unique services such as TIN & PAN identification at some of the selected branches. With NSDL and CSDL, Religare is among the depository participants.
Regarding Religare, there are many doubts and confusion among the people. So, let’s have a look at the Religare’s pros, account opening, and many other things in a detailed manner to get a clear picture.
Religare Pros
The following are the advantages of Religare. You must read Religare advantages and disadvantages before opening an account with Religare. Religare pros and cons help you find if it suits your investment needs.
- The Religare offers the margin against shares facility so that you can trade on existing Demat holding.
- The best part is that it provides the lifetime AMC free account that is available for ₹ 2500 one time payment.
- There is the availability of research recommendations and powerful research tools.
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The Account Type of Religare
Like many other stockbroking companies, Religare also has different types of accounts to its customers.
With Religare, you will get a 2-in-1 account which is mainly a combination of a Demat account and an online trading account.
Not just this, Religare offers a wide array of services to its clients through the trading platform which is known as R-ACE (Religare Advanced Client Engine).
So, 3 main types of accounts can be availed by the customers: Let’s have a look at each of them discreetly:
R-ACE (Basic)
The first one is the R-ACE (Basic) which as the name suggests is the basic online trading account. This account is especially for those customers who do not want to spend the entire time in trading.
With the help of this Religare account, customers will be able to get the information through their cell phones or when they are online. With this, you don’t have to sit in front of the trading terminal.
R-ACE LITE (Advanced)
Now, the next one is the R-ACE LITE Advanced which is a browser-based and advanced trading platform.
In this account, the customer will get more features than that of the basic one. Some of the advanced features of this account are real-time streaming stock quotes and notification alerts.
It is specially designed for customers who want to keep track of their accounts for real-time. So, customers can choose these two depending on their requirements.
R-ACE Pro (Professional)
The next account of Religare is R-ACE Pro (Professional). This sort of account is for the professional traders who are into trading in high volumes regularly.
If you are a professional in trading then this is just for you. With this account, the customer will get trading software that will help to connect with the stock market directly. In this account, there are many advanced features that customers can get.
These features include open-interest tables, technical charts, futures, trade cost calculators, multiple watch-lists, and many more.
Trading Platforms of Religare
Different trading platforms are offered by Religare. Let’s have a look at these platforms that are being used by most of the customers:
Religare Online Web
The first one is the online web which is a browser-based trading platform. In this, the customers only need to have an internet connection get started with trading online.
There is no need for installation of any sort of software for this trading platform. With this, customers will get real-time streaming of stock quotes.
Through this, customers can easily analyze the market. Apart from this, there will be access to advanced charting. One of the main features of this platform is the ability to create watch lists of the favourite stocks and currencies.
Religare – Trade on the Go
Here comes another trading platform which is a mobile app. Through this app, customers can trade with ease through their mobile phones.
This app of the trading platform is available on both the Android and Apple app stores. Some important features of this platform are:
- Trading can be done from anywhere with mobile app
- Tracking of the portfolio anytime
- There is a personalized market watch
- Live to a stream of stock quotes
Religare ODIN DIET
This is considered as a comprehensive trading tool that comes with a facility to trade in IPOs, cash, currencies, commodities, derivatives, and mutual funds.
All this can be done on one screen. The best part is that you can conveniently trade on National Exchanges through this trading platform. The online fund's transfer is easy with this platform.
Religare Dynamic
Another trading platform for mobile applications from Religare is the Dynamic. This provides the ease of trading through the phone. The customers will get to see live streaming prices. Let’s have a look at some of the features of this platform:
- Placing of orders can be done even after market hours
- You can view the status of Withdrawal request and Funds Transfer with ease
- The customers can view the real-time market value of the stock holdings
- The best part is the “Edit and Cancel” of the pending Funds Withdrawal request
- There are instant trade confirmations on the smartphones
Thus Religare offers a very convenient way of online trading in India. One can easily do trading in commodity, futures trading, equity, mutual fund investment through Religare broking.
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