FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Both the brokers are registered with SEBI and offers investment in Equity, F&O and Currency. The brokerage of Reliance Securities ranges between 0.05 - 0.50% while the brokerage of IDBI Direct ranges between 0.02% to 0.20%. Both the brokers are Full Service brokers. Overall rating for both the brokers are also equal with rating 3.5 out of 5. Number of active customer for Reliance Securities is 72,976 where number of active customer for IDBI Direct is 55,291. Reliance Securities is serving more customer compare to IDBI Direct.
Here we present side-by-side comparison of Reliance Securities vs IDBI Direct 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 IDBI Direct'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 IDBI Direct 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 IDBI Direct's on
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.
Comparison of Reliance Securities with IDBI Direct on trading & demat account opening charges and AMC. Trading account opening charges - IDBI Direct offer Free account opening where Reliance Securities charges Rs 950 for account opening. Demat AMC charges - Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) AMC for Demat account where IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account.
Charges | Reliance Securities | IDBI Direct |
---|---|---|
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) | Rs 350 PA [Free for 1st year] |
Provide DP Service |
Plans are the most important feature you look when compare Reliance Securities with IDBI Direct. This section compare on high level about type of plans offered by brokers. Multiple Plans - Reliance Securities provide Multiple Plans where IDBI Direct doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.
Plan Types | Reliance Securities | IDBI Direct |
---|---|---|
Multiple Plans | ||
Monthly Plans | ||
Yearly Plans |
Zerodha | Zerodha | |
---|---|---|
Account Opening Request |
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.
IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan
Brokerage Charges Compare | Reliance Securities | IDBI Direct |
---|---|---|
Plan Name | R-FIXED Online Brokerage Plan (Percentage Based) | Flat Brokerage PLan |
Equity Delivery | 0.50% | 0.20% |
Equity Intraday | 0.05% | 0.02% |
Equity Futures | 0.05% | Flat Rs 15 per order |
Equity Options | Rs 100 Per Lot | Flat Rs 15 per order |
Currency Futures | 0.05% | Flat Rs 15 per order |
Currency Options | Rs 100 Per Lot | Flat Rs 15 per order |
Commodity Trading | Future: 0.05%| Options: Rs 100 per lot | NA |
Minimum Brokerage | 5 paise per share | Rs 25 per trade or 2.5% of the trade value whichever is lower. |
Hidden Charges | No | Info Not Available |
Funding | Yes - 18% interest PA | Info Not Available |
Call & Trade Charges | Rs 20 per call (Free First 20 call per month) | Free |
Auto Square off Charges | Free First 20 call PM and Rs 20 their onwards. | NA |
Brokerage Calculator | Brokerage Calculator for Reliance Securities | Brokerage Calculator for IDBI Direct |
Compare Reliance Securities with IDBI Direct on transaction charges and PCM fee by segment.
Transaction Charges Compare | Reliance Securities | IDBI Direct |
---|---|---|
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 idbicapital |
Compare Reliance Securities with IDBI Direct on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct offers 3-in-1 account where Reliance Securities offers only 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.
Account Features Compare | Reliance Securities | IDBI Direct |
---|---|---|
3 in 1 Account | ||
Charting | ||
Algo Trading | ||
SMS Alerts | ||
Online Demo | ||
Online Portfolio | ||
Margin Trading Funding Available | ||
Combined Ledger for Equity and Commodity | ||
Intraday Square-off Time | 3:15PM | 3:15PM |
NRI Trading | ||
Other Features | Mobile Application: Rmobile Xpress | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Reliance Securities and IDBI Direct. 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 | IDBI Direct |
---|---|---|
Desktop Trading Platform | InstaXpress | Infinity |
Desktop Demo | Desktop Demo | Info Not Available |
Desktop Platform (Windows) | ||
Desktop Platform (Mac) | ||
Web Trading Platform | ||
Web Trading Detail | http://tick.rsec.co.in/ | https://trade.idbicapital.com/ |
Web Trading Demo | Web Trading Demo | Info Not Available |
Mobile Site | ||
Mobile Trading | ||
Mobile Trading App | TICK PRO | IDBI Direct Mobile App |
Mobile Trading App Demo | TICK PRO Demo | Info Not Available |
Android Mobile App | ||
Android App Download | Andriod TICK PRO Download | Andriod IDBI Direct Mobile App Download |
iPhone Mobile App (IOS) | ||
iOS App Download | iOS TICK PRO Download | iOS IDBI Direct Mobile App Download |
Android Tablet App | ||
iPad App (IOS) | ||
Trading Software Charges | Free | Free |
Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Reliance Securities | Equity Intraday and Delivery Brokerage Calculator for IDBI Direct |
Futures Brokerage Calculator | Futures Brokerage Calculator for Reliance Securities | Futures Brokerage Calculator for IDBI Direct |
Options Brokerage Calculator | Options Brokerage Calculator for Reliance Securities | Options Brokerage Calculator for IDBI Direct |
Detail | Detail on Trading Platforms for reliance-securities | Detail on Trading Platforms for idbicapital |
Compare Reliance Securities with IDBI Direct 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 - Reliance Securities offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Reliance Securities provide PMS Service where IDBI Direct doesn't offer
Investment Offerings Compare | Reliance Securities | IDBI Direct |
---|---|---|
Equity Cash and F&O | ||
Currency Deravitives | ||
Commodity | ||
Online IPO Application | ||
Mutual Funds | ||
Bond / NCD | ||
ETF | ||
Banking | ||
Insurance | ||
Forex | ||
MF SIP Investment | ||
Equity SIP Investment | ||
PMS Service | ||
Other Investment Options | NIL | NIL |
Order Type - Compare Reliance Securities with IDBI Direct 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- IDBI Direct offers Good Till Cancelled (GTC) orders where Reliance Securities doesn't support Good Till Cancelled (GTC) orders.
Order Type Compare | Reliance Securities | IDBI Direct |
---|---|---|
CNC order | ||
MIS order | ||
NRML order | ||
Cover order | ||
Bracket order | ||
AMO-After Market Orders | ||
GTC-Good Till Cancelled |
Compare Reliance Securities with IDBI Direct 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 Service Compare | Reliance Securities | IDBI Direct |
---|---|---|
24/7 Customer Service | ||
Email Support | ||
Onine Live Chat | ||
Phone Support | ||
Toll Free Number | ||
Through Branches | ||
Customer Care Number | 022 41596000 | 022 62436000 | 022-3913 5001 |
Account Opening Process | Online/Paperless | Info Not Available |
Customer Support Email | [email protected] | [email protected] |
Knowledge Center/Education | https://www.reliancesmartmoney.com/Insights | Info Not Available |
Head Office Address | Reliance Securities Limited, 4th Floor, North Wing, Reliance Centre, Santacruz East, Mumbai-MH- 400055 |
Info Not Available |
Website | https://www.reliancesmartmoney.com | https://www.idbidirect.in/ |
Compare Reliance Securities with IDBI Direct on research reports and tips provided by the broker.
Compare Reliance Securities with IDBI Direct 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 IDBI Direct is ₹350 pa where for Reliance Securities is ₹300 pa.
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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges.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
Compare Reliance Securities with IDBI Direct on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
Reliance Securities | IDBI Direct | |
---|---|---|
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 |
Info Not Available |
Payout Time | Max 24 hrs except bank holidays | Info Not Available |
Bank Supported and Charges | Info Not Available | Info Not Available |
Bank Detail | RELIANCE SECURITIES LTD Account No.:9500XXXXXXXX Bank:YES BANK Branch:MUMBAI Account Type:CURRENT IFSC Code:YESB0000001 |
Info Not Available |
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Last Updated on 2023-09-13T01:50:30+00:00