11 Reliance Securities Vs MDirect Share Brokers Comparison 2018

Reliance Securities Vs MDirect

The brokerage of Reliance Securities Limited Max 0.04 - 0.4% per trade while the brokerage of MDirect ranges between Rs 18. Reliance Securities Limited is a Full Service Broker where MDirect is a Discount Broker. Reliance Securities Limited is having overall higher rating compare to MDirect. Reliance Securities Limited is rated 3.5 out of 5 where MDirect is rated only 3 out of 5.

Here we present 1 on 1 comparison of Reliance Securities Limited vs MDirect share brokers in India. The comparison is based on more than 50 attributes for clear decision making.To be precise, we have compared Reliance Securities vs MDirect's on brokerage plans,Plan types,customer service, maintenance fees, tools, rating, reviews,trading features and investment options provided to Indian share market investors.This will help you in make up your mind and clear things for you so that you can choose the best broker for youself.

Compare Reliance Securities Limited vs MDirect - Broker type and exchange supported
  Reliance Securities Limited Logo
Reliance Securities Limited
MDirect Logo
MDirect
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? BSE, NSE BSE,NSE,MCX,NCDEX,MSEI
Broker Overview From best in class research to competitive Brokerage Plan to exclusive reward Program, Reliance Securities earns the position of India's one of the best leading retail broking houses. MDirect, a Discount Broker providing customers trading across all segments augmented with research reports, daily newsletters through email or SMS at simple and inexpensive price.
Broker Enquiry Open an Online Trading Account with Reliance Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with MDirect. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare Reliance Securities Limited vs MDirect - Trading and Demat Account Charges
  Reliance Securities Limited MDirect
Trading Account Opening Fees Reliance Securities Limited vs MDirect - Trading Account Opening Fees Rs 950 Rs 500
Trading AMC Reliance Securities Limited vs MDirect - Trading Account AMC Free Free
Demat Account Opening Fees Reliance Securities Limited vs MDirect - Demat Account Opening Fees Free Rs 200
Demat AMC Reliance Securities Limited vs MDirect - Demat Account AMC Rs 300 PA Rs 400 PA (Waived for 1st year)
Provide DP Service Reliance Securities Limited vs MDirect - Damat Account Mandatory Yes Yes
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About Brokerage Plans

Compare Reliance Securities Limited vs MDirect - Plan Options
  Reliance Securities Limited MDirect
Multiple Plans What is this parameter? Yes No
Monthly Plans Reliance Securities Limited vs MDirect - Monthly Brokerage Plan No No
Yearly Plans Reliance Securities Limited vs MDirect - Yearly Brokerage Plan No No
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Contact Broker / Request A Call Back

  Reliance Securities Limited MDirect
Contact / Request Call Back
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Brokerage Charges

Compare Reliance Securities Limited vs MDirect - Brokerage Charges
  Reliance Securities Limited MDirect
Plan Name Reliance Securities Limited vs MDirect - R-FIXED Online Rs 18 Per Trader Plan
Plan Description Reliance Securities Limited vs MDirect - This is online plan from Reliance Security. Its fix brokerage plan where you dont need any dealer support. Flat Rs 18 Per Trader Plan.
Equity Delivery Reliance Securities Limited vs MDirect - Cash Delivery Brokerage 0.4% or 40 paisa Flat Fee Rs 18
Equity Intraday Reliance Securities Limited vs MDirect - Cash Intraday Brokerage 0.04% or 4 paisa 0.01% or Rs 18 whichever is lower
Equity Futures Reliance Securities Limited vs MDirect - F&O Segment - Futures Brokerage 0.04% or 4 paisa 0.01% or Rs 18 whichever is lower
Equity Options Reliance Securities Limited vs MDirect - F&O Segment - Options Brokerage Rs 100 Per Lot Flat Fee Rs 18
Currency Futures Reliance Securities Limited vs MDirect - Currency Futures Trading Brokerage 0.04% or 4 paisa 0.01% or Rs 18 whichever is lower
Currency Options Reliance Securities Limited vs MDirect - Currency Options Trading Brokerage Rs 100 Per Lot Flat Fee Rs 18
Commodity Trading Reliance Securities Limited vs MDirect - Commodity Trading Brokerage 0.04% or 4 paisa Flat Fee Rs 18
Minimum Brokerage Reliance Securities Limited vs MDirect - 5 paise per share
Brokerage Calculator Brokerage Calculator for Reliance Securities Limited Brokerage Calculator for MDirect
SPAN Margin Calculator SPAN Margin Calculator for Reliance Securities Limited SPAN Margin Calculator for MDirect
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Share Broker's Transaction/Turnover Charges

Compare Reliance Securities Limited vs MDirect - Transaction/Turnover Charges
  Reliance Securities Limited MDirect
Equity Delivery Reliance Securities Limited vs MDirect - Transaction Charges Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Reliance Securities Limited vs MDirect - Equity Intraday Transaction Charges Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Reliance Securities Limited vs MDirect - Equity Futures Transaction Charges Rs 190 Per Cr Rs 350 Per Cr
Equity Options Reliance Securities Limited vs MDirect - Equity Options Transaction Charges Rs 5000 Per Cr Rs 8000 Per Cr
Currency Futures Reliance Securities Limited vs MDirect - Rs 110 Per Cr Rs 215 Per Cr
Currency Options Reliance Securities Limited vs MDirect - Rs 4000 Per Cr Rs 7000 Per Cr
Commodity Reliance Securities Limited vs MDirect - Commodity Transaction Charges Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for reliance-securities Complete Brokerage Plans for mdirect
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Trading Features

Compare Reliance Securities Limited vs MDirect - Trading Feature and platform
  Reliance Securities Limited MDirect
3 in 1 Account Reliance Securities Limited vs MDirect - Account Type? No Reliance Securities Limited have 2-in-1 account. Only Demate and Trading account. No Reliance Securities Limited have 2-in-1 account. Only Demate and Trading account.
Charting Reliance Securities Limited vs MDirect - Advance Charting Yes Yes
Algo Trading Reliance Securities Limited vs MDirect - Algo Trading No Yes
After Trading Hour Orders Reliance Securities Limited vs MDirect - After market Orders Yes Yes
Good Till Cancelled (GTC) Reliance Securities Limited vs MDirect - GTC Orders Yes No
SMS Alerts Reliance Securities Limited vs MDirect - SMS Alerts Yes Yes
Online Demo Reliance Securities Limited vs MDirect - Online Demo Yes Yes
Online Portfolio Reliance Securities Limited vs MDirect - Portfolio Service Yes No
Margin Trading Funding Available Reliance Securities Limited vs MDirect - Margin Funding Yes No
Combined Ledger for Equity and Commodity Reliance Securities Limited vs MDirect - Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time Reliance Securities Limited vs MDirect - Intraday Square-off Time 3:15PM 3:15 pm
NRI Trading Reliance Securities Limited vs MDirect - NRI Trading Yes No
Other Features Reliance Securities Limited vs MDirect - Mobile Application: Rmobile Xpress
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Trading Platform

Compare Reliance Securities Limited vs MDirect - Trading Platform
  Reliance Securities Limited MDirect
Desktop Trading Platform Reliance Securities Limited vs MDirect - Trading terminal Reliance Tick Nest Plus
Desktop Platform (Windows) Reliance Securities Limited vs MDirect - Windows Trading Terminal Yes Yes
Desktop Platform (Mac) Reliance Securities Limited vs MDirect - MAC Trading Terminal No Yes
Web Trading Platform Reliance Securities Limited vs MDirect - Web Trading Platform Yes Yes
Web Trading Detail Reliance Securities Limited vs MDirect - Trading Website https://trade.rsec.co.in/ Mdirect Nest Plus
Mobile Site Reliance Securities Limited vs MDirect - Trading Site for Mobile Yes Yes
Mobile Trading Reliance Securities Limited vs MDirect - Mobile App Yes Yes
Mobile Trading App Reliance Securities Limited vs MDirect - Name Of Mobile App TICK PRO Mdirect
Android Mobile App Reliance Securities Limited vs MDirect - Android Mobile App Yes Yes
iPhone Mobile App (IOS) Reliance Securities Limited vs MDirect - Yes Yes
Android Tablet App Reliance Securities Limited vs MDirect - Android Tablet App Yes Yes
iPad App (IOS) Reliance Securities Limited vs MDirect - Yes Yes
Detail Detail on Trading Platforms for reliance-securities Detail on Trading Platforms for mdirect

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Broker Ratings by Users

Compare Reliance Securities Limited vs MDirect - Rating
  Reliance Securities Limited MDirect
  52 Customer Reviews    Rate Reliance Securities Customer Reviews    Rate MDirect
Fees Ratings 3.5
Trading Brokerage Rating 3.4
Trading Platform Usability 3.3
Customer Service Ratings 3.4
Overall Ratings Rated 3.4 stars
Broker Rating Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews
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Investment Services

Compare Reliance Securities Limited vs MDirect - Investment Options
  Reliance Securities Limited MDirect
Equity Cash and F&O Reliance Securities Limited vs MDirect - Equity and Equity derivatives Yes Yes
Currency Deravitives Reliance Securities Limited vs MDirect - Currency Trading Yes Yes
Commodity Reliance Securities Limited vs MDirect - Commodity Trading Yes Yes
Online IPO Application Reliance Securities Limited vs MDirect - Online IPO Investment No No
Mutual Funds Reliance Securities Limited vs MDirect - Online Mutual Funds Investment Yes No
Bond / NCD Reliance Securities Limited vs MDirect - Bonds and NCD Yes No
ETF Reliance Securities Limited vs MDirect - ETF Yes Yes
Banking Reliance Securities Limited vs MDirect - Banking Service No No
Insurance Reliance Securities Limited vs MDirect - Insurance Service Yes No
Forex Reliance Securities Limited vs MDirect - Forex Trading No No
SIP Investment Reliance Securities Limited vs MDirect - Mutual Fund SIP Yes No
Other Investment Options Reliance Securities Limited vs MDirect - NA
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Customer Service Offered

Compare Reliance Securities Limited vs MDirect - Customer Service Offerance
  Reliance Securities Limited MDirect
24/7 Customer Service Reliance Securities Limited vs MDirect - 24x7 customer support No Yes
Email Support Reliance Securities Limited vs MDirect - Email Support Yes Yes
Onine Live Chat Reliance Securities Limited vs MDirect - Onine Live Chat Yes Yes
Phone Support Reliance Securities Limited vs MDirect - Phone Support Yes Yes
Toll Free Number Reliance Securities Limited vs MDirect - Toll Free Number Yes Yes
Through Branches Reliance Securities Limited vs MDirect - Through Branches Yes No
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Tips/Research/Reports Published

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

Compare Reliance Securities Limited vs MDirect - Demat Account
  Reliance Securities Limited MDirect
DP Source CDSL
Demat Account Annual Maintenance Charges(AMC) AMC levied on monthly basis. BSDA-(Only for Individual having one demat account):-A)If Holding value at any date is not greater than Rs.50,000/- Nil charges B)If Holding value at any date between Rs. 50001/-toRs 200000/-Rs100.Regular Demat Account (non BSDA):A)For Individual /HUFs / Trust :-Accounts activated prior to Sep 01 2015-Rs. 300/- Accounts activated on or after Sep 01 2015-Rs.400/- B)For NRIs/Foreign Nationals:-Nil,C)For Corporate / Other Non Individuals:Rs 1000/,LifeTime Free AMC(NEW),For Individual/HUFs/Trust(refundable Deposit of Rs 2500/-)
Advance Deposit Nil
Statutory charges Nil
Transaction Charges on Debit (Per ISIN) For Instruction given in physical form:- Rs. 0.04% of Transaction value or minimum of Rs. 27/- per ISIN For Instruction received through Internet / online trading through Reliance Securities Ltd. Rs. 0.04% of Transaction value or minimum of Rs. 27/- per ISIN
Demat Rs. 30/- per request extra Rs. 5/- for each certificate
Remat Rs.40/- for 100 securities or part thereof or a flat fee of Rs.25/- per certificate which ever is higher in addition to Regd. post charges, subject to minimum Rs.25/-.
Pledge Creation Rs. 0.05% of Transaction value or minimum of Rs. 30/- per ISIN
Pledge Creation Confirmation Rs. 0.05% of Transaction value or minimum of Rs. 30/- per ISIN
Pledge Closure Rs. 0.05% of Transaction value or minimum of Rs. 30/- per ISIN
Pledge Closure Confirmation Rs. 0.05% of Transaction value or minimum of Rs. 30/- per ISIN
Pledge Invocation Rs. 0.05% of Transaction value or minimum of Rs. 30/- per ISIN
Failed Instruction Charges Nil
Other Charges Additional Account Statements for Individuals/HUFs/ Corporate Rs. 40/- per Statement. For NRI / Foreign Nationals Rs. 100/- per statement. Additional physical account statement for NRI/Foreign Nationals having corresponding address outside India. Rs. 1000/- per statement. Physical Statement (for BSDA client) Rs.25/- per statement.

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Special Offers,Advantages,Disadvantages

Compare Reliance Securities Limited vs MDirect - Special Offers and Promotion
  Reliance Securities Limited MDirect
Likes
  • Big margin and option to pay within t+5 days.
  • Dedicated research team.
  • Site wide quote bar.

More Advantages...

  • In house research reports
  • Workshops/ seminars/ webinars to educate traders.
  • Simple and transparent Pricing.
  • Well researched professional guidance.
  • Multiple Segments and Exchanges on same trading Window.

More Advantages...

Dislikes
  • Commodity trading not available.
  • Not a 3 in 1 account.
  • Average customer service.
  • Lots of hidden charges.

More Disadvantages...

  • No referral program
  • No advance tools or technology
  • No monthly and yearly plans
  • doesn't offer facility to invest in IPO, FPO, Mutual Funds, FDs, NCDs
  • Margin funding and NRI tradingis not available

More Disadvantages...

Special Offers/Promo
Enquire about Reliance Securities Enquire about MDirect

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Paperless account opening*


Fix Price - Rs 15 Per Trade
Rs 899/Month,8999/Year for
Equity Cash and F&O
Rs 499/Month,4999/Year for
Currency Derivatives

Lowest Transaction Charge
Lowest Call & Trade Fee
Lowest Stamp Duty
*Except PoA and Nomination form

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Zerodha  Zerodha

e-Aadhar base account opening

Free Delivery trading

Max Rs 20 Per Trade for Equity Intraday, F&O, Currency & Commodity

zerodha

Sharekhan

Beginner, seasoned investor, active trader or HNI. Get customised solutions.

Rs 0 account opening fee on Online Trading and a Demat Account
(Rs 1150 waived)

sharekhan

angel-broking  Angel Broking

Free Equity Delivery Trades
Flat 20% discount on online transaction

angel-broking



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