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Reliance Securities Vs Fyers: Which one is better?

Both the brokers are registered with SEBI. Reliance Securities offers investmenet in Equity, F&O and Currency only, where Fyers offers investment in Equity, F&O, Currency and Commodities.. The brokerage of Reliance Securities Max 0.05 - 0.50% per trade while the brokerage of Fyers ranges between Rs 20. Reliance Securities is a Full Service Broker where Fyers is a Discount Broker. Reliance Securities is having overall lower rating compare to Fyers. Reliance Securities is rated only 3.5 out of 5 where Fyers is rated 4 out of 5. Number of active customer for Fyers is 2,19,169 where number of active customer for Reliance Securities is 74,770. Fyers is serving more customer compare to Reliance Securities.

Here we present side-by-side comparison of Reliance Securities vs Fyers share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Reliance Securities vs Fyers's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Reliance Securities vs Fyers share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Reliance Securities vs Fyers's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Reliance Securities vs Fyers on Service

  Reliance Securities Compare
Reliance Securities
Fyers Compare
Fyers
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE BSE, NSE, MCX
Active Clients 74,770 2,19,169
Broker Overview Open a Free Reliance Securities Demat Account today, and start online trading across segments on the advanced Robo insights technology powered Tick web, mobile app, and a desktop trading platform. Get the best stocks & mutual fund research & ... Know more about Reliance Securities Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i...Know more about Fyers
Broker Enquiry Request call back from Zerodha Request call back from Fyers
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Account Opening Charges and AMC

Compare Reliance Securities vs Fyers on Trading & Demat Account Opening Charges

Comparison of Reliance Securities with Fyers on trading & demat account opening charges and AMC. Trading account opening charges - Fyers offer Free account opening where Reliance Securities charges Rs 950 for account opening. Demat AMC charges - Fyers offer Free AMC for Demat account where Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Reliance Securities with Fyers
Charges Reliance Securities Fyers
Trading Account Opening Fees Rs 950 Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Reliance Securities vs Fyers on Plan Options

Plans are the most important feature you look when compare Reliance Securities with Fyers. This section compare on high level about type of plans offered by brokers. Multiple Plans - Reliance Securities provide Multiple Plans where Fyers doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Reliance Securities with Fyers on Plan Options
Plan Types Reliance Securities Fyers
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Fyers
Account Opening Request
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Brokerage Charges

Compare Reliance Securities vs Fyers on Brokerage Charges

Reliance Securities Brokerage Plan detail - R-Fixed brokerage plan charges a fixed percentage of brokerage fee on trading across segments and also provides dedicated relationship manager services to help you take informed decisions based on fundamental and technical research reports.

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

Brokerage Charges - Compare Reliance Securities with Fyers
Brokerage Charges Compare Reliance Securities Fyers
Plan Name R-FIXED Online Brokerage Plan (Percentage Based) Max Rs 20 Per Order Trading Plan
Equity Delivery 0.50% Free
Equity Intraday 0.05% 0.03% or Rs 20 whichever is lower
Equity Futures 0.05% 0.03% or Rs 20 whichever is lower
Equity Options Rs 100 Per Lot Flat Fee Rs 20
Currency Futures 0.05% 0.03% or Rs 20 whichever is lower
Currency Options Rs 100 Per Lot Flat Fee Rs 20
Commodity Trading Future: 0.05%| Options: Rs 100 per lot Flat Fee Rs 20
Minimum Brokerage 5 paise per share NIL
Hidden Charges No No
Funding Yes - 18% interest PA No
Call & Trade Charges Rs 20 per call (Free First 20 call per month) Rs 50 Per Order
Auto Square off Charges Free First 20 call PM and Rs 20 their onwards. Rs 50 Per Order
Brokerage Calculator Brokerage Calculator for Reliance Securities Brokerage Calculator for Fyers
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Share Broker's Transaction Charges

Compare Reliance Securities vs Fyers on Transaction Charges

Compare Reliance Securities with Fyers on transaction charges and PCM fee by segment.

Transaction Charges - Compare Reliance Securities with Fyers
Transaction Charges Compare Reliance Securities Fyers
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for reliance-securities Complete Brokerage Plans for fyers
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Account Features

Compare Reliance Securities vs Fyers on Account Features

Compare Reliance Securities with Fyers on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - Fyers offers Algo Trading where Reliance Securities doesn't offers Algo Trading. Margin Funding - Reliance Securities offers a margin funding where Fyers doesn't offers margin funding. NRI Trading - Reliance Securities offers NRI where Fyers doesn't offers NRI Trading.

Account Features - Reliance Securities with Fyers
Account Features Compare Reliance Securities Fyers
3 in 1 Account No Reliance Securities have 2-in-1 account. Only Demate and Trading account. No Reliance Securities have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading Yes No
Other Features Mobile Application: Rmobile Xpress Fyers 30 Day Challenge
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Trading Platform

Compare Reliance Securities vs Fyers on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Reliance Securities and Fyers. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Reliance Securities with Fyers
Trading Platform Compare Reliance Securities Fyers
Desktop Trading Platform InstaXpress Fyers One
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail http://tick.rsec.co.in/ Fyers Web
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App TICK PRO Fyers 2.0 Mobile App
Mobile Trading App Demo TICK PRO Demo Fyers 2.0 Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod TICK PRO Download Andriod Fyers 2.0 Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS TICK PRO Download iOS Fyers 2.0 Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Reliance Securities Equity Intraday and Delivery Brokerage Calculator for Fyers
Futures Brokerage Calculator Futures Brokerage Calculator for Reliance Securities Futures Brokerage Calculator for Fyers
Options Brokerage Calculator Options Brokerage Calculator for Reliance Securities Options Brokerage Calculator for Fyers
Detail Detail on Trading Platforms for reliance-securities Detail on Trading Platforms for fyers

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Broker Ratings by Users

Compare Reliance Securities vs Fyers on User Rating

  Reliance Securities Fyers
  52 Customer Reviews    Rate Reliance Securities 10 Customer Reviews    Rate Fyers
Fees Ratings 3.5 3.5
Trading Brokerage Rating 3.4 3.6
Trading Platform Usability 3.3 3.6
Customer Service Ratings 3.4 3.4
Overall Ratings 3.4 3.2
Broker Rating Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews Fyers is Rated 3.2 / 5 based on 10 customer reviews
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Investment Offerings

Compare Reliance Securities vs Fyers on Investment Offerings

Compare Reliance Securities with Fyers on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Reliance Securities provide PMS Service where Fyers doesn't offer

Investment Offerings - Compare Reliance Securities with Fyers
Investment Offerings Compare Reliance Securities Fyers
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare Reliance Securities vs Fyers on Order Types

Order Type - Compare Reliance Securities with Fyers on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Fyers offers Good Till Cancelled (GTC) orders where Reliance Securities doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Reliance Securities with Fyers
Order Type Compare Reliance Securities Fyers
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No Yes
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Customer Service Offered

Compare Reliance Securities vs Fyers on Customer Service

Compare Reliance Securities with Fyers on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Reliance Securities with Fyers
Customer Service Compare Reliance Securities Fyers
24/7 Customer Service Reliance Securities vs Fyers - 24x7 customer support No No
Email Support Reliance Securities vs Fyers - Email Support Yes Yes
Onine Live Chat Reliance Securities vs Fyers - Onine Live Chat Yes No
Phone Support Reliance Securities vs Fyers - Phone Support Yes Yes
Toll Free Number Reliance Securities vs Fyers - Toll Free Number Yes No
Through Branches Reliance Securities vs Fyers - Through Branches Yes No
Customer Care Number Reliance Securities vs Fyers - Customer Care Number 022 41596000 | 022 62436000 08060001111
Account Opening Process Reliance Securities vs Fyers - Account Opening Process Online/Paperless 100% online and paperless proc
Customer Support Email Reliance Securities vs Fyers - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Reliance Securities vs Fyers - Knowledge Center/Education https://www.reliancesmartmoney.com/Insights https://fyers.in/school-of-stocks/
Head Office Address Reliance Securities vs Fyers - Head Office Address/Corporate Address Reliance Securities Limited,
4th Floor, North Wing,
Reliance Centre, Santacruz East,
Mumbai-MH- 400055
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Website Reliance Securities vs Fyers - Company Website https://www.reliancesmartmoney.com https://fyers.in/
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Tips/Research/Reports Published

Compare Reliance Securities vs Fyers on Research Reports, Tips

Compare Reliance Securities with Fyers on research reports and tips provided by the broker.

Research Reports - Compare Reliance Securities with Fyers
  Reliance Securities Fyers
Research Mutual Funds Reliance Securities vs Fyers - Research Mutual Funds Yes No
Research Equity Reports Reliance Securities vs Fyers - Research Equity Reports Yes No
Research ETF Reliance Securities vs Fyers - Research ETF Yes No
Daily Market Report Reliance Securities vs Fyers - Daily Market Report Yes No
Free Tips Reliance Securities vs Fyers - Free Tips Yes No
Quarterly Result Analysis Reliance Securities vs Fyers - Quarterly Results Yes No
News Alerts Reliance Securities vs Fyers - Yes Yes
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Demat Account

Compare Reliance Securities vs Fyers on Demat Account

Compare Reliance Securities with Fyers on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Fyers is Free where for Reliance Securities is ₹300 pa. Fyers is a better choice in terms of Demat AMC compare to Reliance Securities.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Reliance Securities is 0.04% (Min ₹27) + CDSL charges where for Fyers is ₹7 + ₹5.50 (CDSL Charges) per transaction.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Reliance Securities with Fyers
  Reliance Securities Fyers
DP Source CDSL CDSL
DP ID Reliance Securities vs Fyers - DP ID 41400 432-2019
Demat Account Annual Maintenance Charges(AMC) ₹300 pa Free
Advance Deposit Nil Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹27) + CDSL charges ₹7 + ₹5.50 (CDSL Charges) per transaction
Demat ₹5 per certificate + ₹30 request charges ₹0
Remat ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges ₹0
Pledge Creation 0.05% of transaction value (Min ₹30) Nil
Pledge Creation Confirmation 0.05% of transaction value (Min ₹30) Nil
Pledge Closure 0.05% of transaction value (Min ₹30) Nil
Pledge Closure Confirmation 0.05% of transaction value (Min ₹30) Nil
Pledge Invocation 0.05% of transaction value (Min ₹30) Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Stamp Charges ₹50,
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Special Offers,Advantages,Disadvantages

Compare Reliance Securities vs Fyers on Special Offers and Promotion

Compare Reliance Securities with Fyers on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Reliance Securities vs Fyers on Special Offers and Promotion
  Reliance Securities Fyers
Pay In and Pay Out Options Reliance Securities vs Fyers - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Reliance Securities vs Fyers - Payout Time Max 24 hrs except bank holidays Up to 24 Hrs except for Bank Holidays.
Bank Supported and Charges Reliance Securities vs Fyers - Bank Supported and Charges Info Not Available 24+ banks connected via payment gateway, Free pay in and Free Pay Out.
Bank Detail RELIANCE SECURITIES LTD
Account No.:9500XXXXXXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
Likes
  • Multiple exchanges trading on BSE, NSE, and MCX.
  • Buy insurance plans like car insurance, health insurance, general insurance, etc.
  • Multiple brokerage plans.
  • Free state of the art and user-friendly TICK web, app, and desktop platform.
  • Zero Demat Account opening fees.
  • Zero brokerage benefits for the first 30 days.
  • No AMC for the first year.
  • Research reports, model portfolios, and stocks and mutual funds research recommendations.
  • R Model Portfolio and mutual fund basket recommendations.
  • Invest in the portfolio management services.
  • Robo assist technology platform for goal-based investing.
  • NRML, MIS, bracket order (BO), cover order (CO), after market order (AMO).
  • Place Valid Till Cancelled order for maximum validity of 45 days.
  • Free first 20 call & trade every month.
  • An abundance of education resources i.e., classrooms, blogs, webinars & events for beginners.

Detail Review...

  • Trade on BSE, NSE, and MCX
  • Free stocks and mutual funds investment
  • Rs 20 fixed brokerage on all segments
  • Invest in IPOs, OFS, SGBs, G-secs, and T-bills
  • Cheapest Rs 50/order brokerage on NRI trading
  • User-friendly mobile app and website for investors
  • Fyers Next and Fyers One high-speed trading terminal for traders
  • Fyers Thematic Investing: Invest in expert curated basket of stocks.
  • Start Algo trading Access with Fyers API for free
  • Bracket order, cover order, GTT, AMO, basket order
  • Fyers School of Stocks, a free stock market learning platform.
  • Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc.

Detail Review...

Dislikes
  • No flat brokerage plan is offered by Reliance Securities.
  • High brokerage charges than new-age discount brokers i.e., Zerodha, and Upstox.
  • The full-service broker does not have a toll-free number to provide 24*7 customer support.

Detail Review...

  • No unlimited zero brokerage monthly plans
  • No 3-in-1 account offering
  • No mutual fund investment app
  • Research reports are not offered free

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Fyers Account Now>>

Last Updated on 2023-09-13T01:50:30+00:00