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Religare Vs MyValueTrade - Broker Comparison

Account Opening & AMC Charges

Compare account opening charges and annual maintenance charges (AMC)

Religare MyValueTrade
Standard Plan Per Order Executed Fixed Monthly Plan
Trading Account Opening Fee ₹500 ₹555 ₹555
Trading Account AMC ₹0 ₹0 ₹0
Demat Account Opening Fee ₹0 ₹0 ₹0
Demat Account AMC * ₹300 ₹400 ₹400

Brokerage Charges

Compare the commission charged by the brokers for the trades executed

Religare MyValueTrade
Standard Plan Per Order Executed Fixed Monthly Plan
Monthly Fee NA NA ₹1000 (unlimited trading)
Equity Delivery 0.50% ₹10 ₹0
Equity Intraday 0.05% ₹10 ₹0
Equity Future 0.05% ₹10 ₹0
Equity Options ₹70 per lot ₹10 ₹0
Currency Futures 0.05% ₹10 ₹0
Currency Options ₹30 per lot ₹10 ₹0
Commodity 0.05% ₹10 ₹0

Transaction Charges (Per Crore)

Compare Transaction Charges (Exchange Turnover Charges + Clearing Charges or PCM Fee)

Religare MyValueTrade
Standard Plan Per Order Executed Fixed Monthly Plan
Equity Delivery ₹370 NSE ₹325 | BSE ₹325 NSE ₹325 | BSE ₹325
Equity Intraday ₹370 NSE ₹325 | BSE ₹325 NSE ₹325 | BSE ₹325
Equity Future * ₹400 NSE ₹300 | BSE ₹150 NSE ₹300 | BSE ₹150
Equity Options * ₹6000 NSE ₹6000 | BSE ₹3500 NSE ₹6000 | BSE ₹3500
Currency Futures * ₹400 NSE ₹120 | BSE ₹100 NSE ₹120 | BSE ₹100
Currency Options ₹6000 NSE ₹4200 | BSE ₹1000 NSE ₹4200 | BSE ₹1000

Other Charges

Compare miscellaneous charges, minimum fees and add-on service rates.

Religare MyValueTrade
Standard Plan Per Order Executed Fixed Monthly Plan
Minimum Brokerage 1 paisa per share ₹10 or .01% whichever is lower ₹10 or .01% whichever is lower
Call & Trade - ₹20 per executed order ₹20 per executed order
DP Charges (on sell side) ₹12 + ₹5.5 (CDSL) per scrip ₹15 per scrip ₹15 per scrip
Other Miscellaneous Charges - - -

Demat Account Charges

Find charges for the best Demat Account for small investors

Religare MyValueTrade
Standard Plan Per Order Executed Fixed Monthly Plan
Depository Service Provider CDSL - -
Account Opening Fee

NIL

 - -
Advance Deposite

₹500

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AMC

Client opting for digital statement: ₹300 per annum

Client opting for physical statement: ₹400 per annum

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Dematerialisation Charges

₹2 per certificate + ₹30 Courier Charges

 - -
Rematerialisation Charges

₹20 per certificate + CDSL Charges + ₹30 Courier Charges

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Transaction Charges (Credit) - - -
Transaction Charges (debit)

Delivery given to Religare Pool Account: ₹15 (Client with POA Religare), ₹25 (Client without POA Religare)

Any other Account: ₹30 per debit or 0.02% of the value of transaction whichever is higher

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Pledge Creation Charges

₹50 per request or 0.02% of the value of securities whichever is higher

₹50 per request or 0.02% of the value of securities whichever is higher

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Pledge Creation Confirmation Charges

₹50 per request or 0.02% of the value of securities whichever is higher

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Pledge Invocation Charges

₹50 per request or 0.02% of the value of securities whichever is higher

 - -
Failed Instruction Charges

Nil

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Other Charges

Demat Rejection Charges ₹30 per rejection.

Delivery Instruction Booklet ₹1 per leaflet.

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Features

Compare key features offered the brokers.

Religare MyValueTrade
Standard Plan Per Order Executed Fixed Monthly Plan
Trading Platform Odin Diet OMNESYS NEST OMNESYS NEST

ProStocks Vs

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FAQs

Do I need to maintain any minimum balance in my ProStocks Trading Account?

No, there is no minimum balance / margin requirement while opening trading account with ProStocks. You only need to pay Rs 1000 as refundable deposit for demat account.  Later on, you can transfer funds as per your trading requirements.

How much stamp duty I have to pay as a Maharashtra or a Rajasthan client?

We are charging .01% or Max Rs 50 per day as stamp duty except clients with Maharashtra and Rajasthan address. Maharashtra and Rajasthan clients pay .01% for Delivery and .002% for Intraday, Equity F&O and Currency Derivatives.

Stamp Duty regulation has changed from 1st July 2020

Read more for RECENT STAMP DUTY RELATED CHANGES