I had account with Religare before shifting to HDFC three months back. I joined with 999 plan. They committed to do 0.25% and then 0.1% based on my volumes. But till now it has not happened. Their service is also not good. Their “relationship manager” calls regularly (to trade more and sell me some ULIPs) till I blasted not to call till they have fulfilled what was promised. It was a struggle to get margin facility on my account.
Another disadvantage even you have a 0.1% brokerage is they have a minimum Rs 25 brokerage (plus 18% GST apart from the statutory charges) per scrip.This is not good for investors who will buy small quantities regularly. Say you buy a share of Bajaj Finance and Piramal Enterprises, then you will have to pay Rs 25 * 2 plus other charges.
With Religare I could place an off market order (on margin) and it seems we can place margin orders during market hours only. Plus there are about 200 scrips where E-Margin facility is present (Thyrocare is not present).
I’ve just opened a trading account with Zerodha last week (yet to be live) so all my buy orders will get delivered to my HDFC demat. I can sell only from HDFC. Best of all, brokerage is free and trading account is free (even AMC)! I might eventually move to SBI+Zerodha combo. I wanted to have to my demat with a big banks as my holdings are relatively high.