Reliance Securities Review - A Full Service Broker India 2017


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Overall

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.

Brokerage Charges
Investments Offering
Trading Platform
Customer Service

Why Reliance Securities?

  1. Research Service - Finest quality research.
  2. Competitive Brokerage Plans & Wide range of investment option specially bonds and corporate fixed deposits.
  3. ISO 9001:2008 certified for Online Trading Platform.
  4. Largest E-Broking House 2010 by Dun & Bradstreet report.
  5. Superfast and user friendly trading platforms.
LikesLikes

Big margin and option to pay within t+5 days; dedicated research team; site wide quote bar.

DislikesDislikes

No Commodity Trading,Not a 3 in 1 account; average customer service; lots of hidden charges

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Reliance Securities Review - 2017

Reliance Securities is the broking firm of Reliance Capital Group of Anil Ambani. The Reliance Capital Group as a whole has presence in many financial fields like asset management and mutual funds; life and general insurance; commercial finance; equities and commodities broking; wealth management services; distribution of financial products; asset reconstruction; proprietary investments and other activities in financial services.

Not to confuse here, Reliance Money is a separate division of Reliance Capital, offering financial planning, investment planning and protection planning solutions and provides investment in Gold, Mutual Funds, Fixed Income, Insurance, and Portfolio Management Services.

Reliance Securities is a well-established and highly reputed Brokerage firm offering services to trade in equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate FDs. The Broker is a corporate member of NSE and BSE and has a huge network through branches across all over India and has around 7 lakh customer base. The Broker offers online trading with its in house secured website trade.rsec.co.in or you can trade offline through variety of means including live Chat, Call and Trade, Branch Dealing Desks and network of affiliates. With Reliance Securities, you also get stock related information, share market news, market outlook, Share Market updates at your fingertips.

When reviewing Reliance Securities customer service, we expected great results as it is a big name and that's not exactly what we got. The Broker doesn't has good reputation as far as customer service go, giving only average service, regardless of whether you are on the phone, emailing or using live chat.

Brokerage is average cheaper than the big shots but equal to most average brokers.

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Reliance Securities with closest competitors
Broker Reliance Securities Zerodha ICICIDirect Sharekhan ProStocks
Service Type Full Service Broker Discount Broker Full Service Broker Full Service Broker Discount Broker
Brokerage 0.04 - 0.4% Rs 20 0.05 to .55% 0.1 to 0.5% Rs 15
Account Type 2 in 1 2 in 1 3 in 1 2 in 1 2 in 1
Monthly Plans No No No No Yes
Rating
Please refer unique and accurate Reliance Securities Brokerage Calculator

Reliance Securities Brokerage Charges - 2017

Reliance Securities offers a variety of Brokerage plans to choose from as per your best fit.

Their R-Fixed Plan is the most basic plan where you pay fixed brokerage charges (Not Variable with volume) and avail help from your local branch and relationship manager and take trading decisions based on fundamental and technical reports generated by them. The brokerage charges are as per market standard(With reference to Full service brokers) and come in average range.

Delievery - .50%, Intraday - .05%, Future- .05%, Options- Rs 100 per lot.

But if you are smart enough and don't want to use reserch service than their R-Fixed Online plan is right for you.The brokerage is lowest in this plan and a good fit for online traders.

Delievery - .40%, Intraday - .04%, Future- .04%, Options- Rs 100 per lot.

Their RMAX Plan is especially designed for more active investors who wants to take informed decisions based on exclusive research. You have to buy a subscription for this plan and your brokerage rates get reduce during tenure of the plan.

The fourth plan is R-Flexi Plan,This plan is like I-Saver Plan of ICICIDirect where you can pay low brokerage only if your trading volume is high otherwise your brokerage will be high. The brokerage for NSE/BSE Cash ranges from .60% for monthly turnover of less than 10 lakh to .15% for turnover more than 2.5 crore.

Reliance Securities - R-Flexi Plan
Delivery (NSE, BSE Cash Segment) Margin (NSE, BSE Cash Intraday & Futures) Options
Monthly Turnover Brokerage Monthly Turnover Brokerage Monthly Premium Turnover Brokerage Per Lot (in Rs.)
More than 2.5 Cr 0.15% 50 Cr. or More 0.015% 25 Lacs or More 50
More than 2.5 Cr 0.15% 25 Cr. to 50 Cr.. 0.02% 25 Lacs or More 50
50 Lacs to 2.5 Cr 0.25% 10 Cr. to 25 Cr. 0.025% 10 Lacs to 25 Lacs 60
25 Lacs to 50 Lacs 0.40% 5 Cr. to 10 Cr. 0.04% 5 Lacs to 10 Lacs 70
10 Lacs to 25 Lacs 0.50% 2 Cr. to 5 Cr. 0.05% 2 Lacs to 5 Lacs 80
Less than 10 Lacs* 0.60% Less than 2 Cr.* 0.06% Less than 2 Lacs* 100

Demat AMC:Rs 400 p.a. or pay refundable amount of Rs 2500 and get free AMC for lifetime.Call and Trade can be done at Rs 20 per call (first 20 calls per month are free)

How mush margin/exposure Reliance Securities provides?

  • MIS - Margin Intraday Square off is a product that offers approximately 5 times exposure in cash segment, 6.5 times in stock futures and 10 times in index futures.Position must be square-off by EOD trading hrs.
  • Plus Multiplier(MIS) - is a product that offers approximately 10 times exposure in cash segment, 8 times in stock futures and 15 times in index futures.Position must be square-off by EOD trading hrs.
  • Super Multiplier(MIS) - is a product that offers approximately 10 times exposure in cash segment, 10 times in stock futures and 18 times in index futures.Position must be square-off by EOD trading hrs.
  • NRML CASH - Reliance Securities offers a facility to take a delivery position by paying the required margin during the day and pay the balance not later than 5 days from the exchange payout day.
  • NRML Derivatives - Futures & options, margin percentage as specified by exchange will be blocked. Derivatives positions are marked to market on daily basis. In case margin falls below the exchange margin requirement, client is required to bring in additional margin, failure to which may result in position square-off.
For complete brokerage charges and trading plans detail please visit Reliance Securities Brokerage Charges.
Reliance Securities Brokerage Charges - R-FIXED Online
Brokerage Plan R-FIXED Online
Flat Fee
Equity Delivery 0.40%
Equity Intraday 0.04%
Equity Futures 0.04%
Equity Options Rs 100 /Lot
Currency Futures 0.04%
Currency Options Rs 100 /Lot
Commodity NA

Account Opening with Reliance Securities Limited

For online trading with Reliance Securities, investor has to open 2-in-1 account(Trading and Demat). Following are the ways to open an account with Reliance Securities:

  • Fill an online application form. Click here to fill the Reliance Securities contact form.
  • Website: http://www.rsec.co.in/
  • Contact Phone Number/helpline: 022 39886000
  • Contact email: [email protected]
  • Registered Office: 11th Floor, R-Tech IT Park, Western Express Highway, Goregaon (East), Mumbai 400 063

Contact Reliance Securities

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Reliance Securities Web, Mobile app and Desktop base trading platform - 2017

Reliance Securities supports software based, web based and mobile app based trading platforms.

INSTA XPRESS:This is an installable application powered by 'Omnesys NEST Trader' that can be downloaded and installed on your computer. It is fully functional trading terminal allowing fast execution of orders with real time monitoring, dynamic charts and indicators, streaming quotes and many more.

RSL TICK:This is the advanced online trading platform of Reliance Securities where you have integrated market watch for equities and Derivatives, live streaming quotes, real time news and market coverage, integrated research with fundamental and technical analysis, charting tools, payment gateways and many more features.This web based portal is intrigrated with analytical engine for better and calculated decisions.

RSL TICK PRO: is the mobile app that can be downloaded for trading on the go. It comes with features like Real time quotes, live streaming market watch, view balances and holdings, access to real time charts on NSE and BSE, customized watch list.

Other than normal trading hours, Reliance Securities supports After Market orders (AMO).The Broker provides an option to place Bracket Orders, NRML and Cover Order.With NRML you have flexibility to pay the remaining amount within 5 days (T+5) from the exchange pay out day.

For detail review of mobile app and download please visit Reliance Securities Mobile App.

Reliance Securities Membership Information

  • Equities Capital Market:
    • NSE:- INB 231234833
    • BSE:- INB 011234839
  • Equities Derivatives:
    • NSE:- INF 231234833
    • BSE:- INF 011234839
  • Currency Derivatives:
    • NSE:- INE 231234833
    • BSE:- INE 011234839
  • CDSL SEBI Reg Number: IN-DP-CDSL-357-2006
  • NSDL SEBI Reg Number: IN-DP-NSDL-363-2013
  • Mutual Funds : AMFI ARN No.29889

Product and Services

3 in 1 Account help
No
Offer Multiple Plans help
Yes
Monthly Plan help
No
Yearly Plan help
No
Portfolio help
Yes
Charting help
Yes
Automated Trading help
No
Allow AMO Order help
Yes
Allow GTC Order help
Yes
SMS Alerts help
Yes
Margin Trade Funding help
Yes
Combined Ledger for Equity and Commodityhelp
Yes
NRI Trading help
Yes

Offering of Investments

Equity Cash and F&O help
Yes
Currency F&O help
Yes
Commodity Trading help
Yes
Mutual Funds help
Yes
ETF help
Yes
IPO Investment help
Yes
Bonds Investment help
Yes
Debt Investment help
Yes
Banking Service help
Yes
Insurance Service help
Yes
SIP Investment help
Yes

Trading Platforms & Tools

Desktop Platform (Windows) help
Yes
Desktop Platform (Mac) help
No
Web Platform help
Yes
Stock Alerts Delivery - Email help
Yes
Stock Alerts Delivery - Text SMS help
Yes
Virtual Trading help
No
Watch Lists - Streaming Real-time Quotes help
Yes
Mobile Trading help
Yes
Android Tablet App help
Yes
Android App help
Yes
iPhone App help
Yes
iPad App help
Yes
Mobile Trading Site help
Yes

Customer Service

Phone Support help
Yes
Toll Free Number help
Yes
Email Support help
Yes
Branch Offices help
Yes
Live Chat (Current Clients) help
Yes
24/7 Support help
No

Reserch and Market Reports

Daily Market Report help
Yes
Free Tips help
Yes
Quarterly Results help
Yes
New Alerts help
Yes
Mutual Funds Reserch help
Yes
Reserch Equity Reports help
Yes
ETF Reserch help
Yes

Final thought about Reliance Securities

Overall, Reliance Securities is a very well respected broker, competing among the largest brands in the online broker space. As a full service Broker, they have a lots of value added services to enhance the trading quality. What impresses us most about Reliance Securities is its drive to continue innovation and push forward across all its products to provide the best possible client experience.

Compare to other full service brokers,their offerings are strong,customer service is poor, brokerage plans are average.Biggest disadvantage is that Reliance securities is not supporting commodity trading.

But if you are someone who is already a seasoned investor and can survive without taking tips and recommendations and their research reports, then you can head towards more cheaper brokers (Discount Brokers) whose main focus is to let you trade on your own at fairly cheaper brokerage rates.

If you like what you have read and want to choose Reliance Securities or any other broker, leave your contact information with us and we will guide you.

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Reliance Securities Limited User Reviews

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1. KK  Sep 10, 2016 6:44:58 AM IST Reply
How can i buy reliance mutual funds?

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