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Reliance Securities Vs Finvasia: Which one is better?

Both the brokers are registered with SEBI. Reliance Securities offers investmenet in Equity, F&O and Currency only, where Finvasia 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 Finvasia ranges between Rs 0. Reliance Securities is a Full Service Broker where Finvasia is a Discount Broker. Reliance Securities is having overall lower rating compare to Finvasia. Reliance Securities is rated only 3.5 out of 5 where Finvasia is rated 4 out of 5. Number of active customer for Finvasia is 1,05,160 where number of active customer for Reliance Securities is 74,770. Finvasia is serving more customer compare to Reliance Securities.

Here we present side-by-side comparison of Reliance Securities vs Finvasia 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 Finvasia'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 Finvasia 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 Finvasia'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 Finvasia on Service

  Reliance Securities Compare
Reliance Securities
Finvasia Compare
Finvasia
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, NCDEX
Active Clients 74,770 1,05,160
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 Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S...Know more about Finvasia
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

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

Comparison of Reliance Securities with Finvasia on trading & demat account opening charges and AMC. Trading account opening charges - Finvasia offer Free account opening where Reliance Securities charges Rs 950 for account opening. Demat AMC charges - Finvasia 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 Finvasia
Charges Reliance Securities Finvasia
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 Finvasia on Plan Options

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

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

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Reliance Securities vs Finvasia 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.

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

Brokerage Charges - Compare Reliance Securities with Finvasia
Brokerage Charges Compare Reliance Securities Finvasia
Plan Name R-FIXED Online Brokerage Plan (Percentage Based) Zero Brokerage Trading Plan
Equity Delivery 0.50% Rs 0
Equity Intraday 0.05% Rs 0
Equity Futures 0.05% Rs 0
Equity Options Rs 100 Per Lot Rs 0
Currency Futures 0.05% Rs 0
Currency Options Rs 100 Per Lot Rs 0
Commodity Trading Future: 0.05%| Options: Rs 100 per lot Rs 0
Minimum Brokerage 5 paise per share NA
Hidden Charges No No
Funding Yes - 18% interest PA Yes, 24% interest PA
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. Free
Brokerage Calculator Brokerage Calculator for Reliance Securities Brokerage Calculator for Finvasia
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Share Broker's Transaction Charges

Compare Reliance Securities vs Finvasia on Transaction Charges

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

Transaction Charges - Compare Reliance Securities with Finvasia
Transaction Charges Compare Reliance Securities Finvasia
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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for reliance-securities Complete Brokerage Plans for finvasia
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Account Features

Compare Reliance Securities vs Finvasia on Account Features

Compare Reliance Securities with Finvasia 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 - Finvasia offers Algo Trading where Reliance Securities doesn't offers Algo Trading. Margin Funding - Reliance Securities offers a margin funding where Finvasia doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Reliance Securities with Finvasia
Account Features Compare Reliance Securities Finvasia
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 Yes
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 Yes
Other Features Mobile Application: Rmobile Xpress NIL
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Trading Platform

Compare Reliance Securities vs Finvasia on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Reliance Securities and Finvasia. 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 Finvasia
Trading Platform Compare Reliance Securities Finvasia
Desktop Trading Platform InstaXpress OMNESYS NEST
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail http://tick.rsec.co.in/ https://trade.finvasia.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App TICK PRO SCALPERT
Mobile Trading App Demo TICK PRO Demo SCALPERT Demo
Android Mobile App Yes Yes
Android App Download Andriod TICK PRO Download Andriod SCALPERT Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS TICK PRO Download Info Not Available
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Basic platforms are free, advance platforms are chargeable.
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Reliance Securities Equity Intraday and Delivery Brokerage Calculator for Finvasia
Futures Brokerage Calculator Futures Brokerage Calculator for Reliance Securities Futures Brokerage Calculator for Finvasia
Options Brokerage Calculator Options Brokerage Calculator for Reliance Securities Options Brokerage Calculator for Finvasia
Detail Detail on Trading Platforms for reliance-securities Detail on Trading Platforms for finvasia

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Broker Ratings by Users

Compare Reliance Securities vs Finvasia on User Rating

  Reliance Securities Finvasia
  52 Customer Reviews    Rate Reliance Securities 17 Customer Reviews    Rate Finvasia
Fees Ratings 3.5 4.3
Trading Brokerage Rating 3.4 4.6
Trading Platform Usability 3.3 4.0
Customer Service Ratings 3.4 3.5
Overall Ratings 3.4 4.2
Broker Rating Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews Finvasia is Rated 4.2 / 5 based on 17 customer reviews
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Investment Offerings

Compare Reliance Securities vs Finvasia on Investment Offerings

Compare Reliance Securities with Finvasia 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 Finvasia doesn't offer

Investment Offerings - Compare Reliance Securities with Finvasia
Investment Offerings Compare Reliance Securities Finvasia
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 Yes
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 Finvasia on Order Types

Order Type - Compare Reliance Securities with Finvasia 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- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Reliance Securities with Finvasia
Order Type Compare Reliance Securities Finvasia
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 No
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Customer Service Offered

Compare Reliance Securities vs Finvasia on Customer Service

Compare Reliance Securities with Finvasia 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 Finvasia
Customer Service Compare Reliance Securities Finvasia
24/7 Customer Service Reliance Securities vs Finvasia - 24x7 customer support No No
Email Support Reliance Securities vs Finvasia - Email Support Yes Yes
Onine Live Chat Reliance Securities vs Finvasia - Onine Live Chat Yes Yes
Phone Support Reliance Securities vs Finvasia - Phone Support Yes Yes
Toll Free Number Reliance Securities vs Finvasia - Toll Free Number Yes No
Through Branches Reliance Securities vs Finvasia - Through Branches Yes No
Customer Care Number Reliance Securities vs Finvasia - Customer Care Number 022 41596000 | 022 62436000 Support: +91 9779 097 777/Sales: +91 9098 001 001
Account Opening Process Reliance Securities vs Finvasia - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Reliance Securities vs Finvasia - Customer Support Email [email protected] [email protected]/[email protected]
Knowledge Center/Education Reliance Securities vs Finvasia - Knowledge Center/Education https://www.reliancesmartmoney.com/Insights https://finvasia.com/announcements
Head Office Address Reliance Securities vs Finvasia - Head Office Address/Corporate Address Reliance Securities Limited,
4th Floor, North Wing,
Reliance Centre, Santacruz East,
Mumbai-MH- 400055
Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Website Reliance Securities vs Finvasia - Company Website https://www.reliancesmartmoney.com https://www.finvasia.com/
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Tips/Research/Reports Published

Compare Reliance Securities vs Finvasia on Research Reports, Tips

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

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

Compare Reliance Securities vs Finvasia on Demat Account

Compare Reliance Securities with Finvasia 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 Finvasia is Free where for Reliance Securities is ₹300 pa. Finvasia 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 Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every 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 Finvasia
  Reliance Securities Finvasia
DP Source CDSL CDSL
DP ID Reliance Securities vs Finvasia - DP ID 41400 84300
Demat Account Annual Maintenance Charges(AMC) ₹300 pa Free
Advance Deposit Nil Rs 0
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹27) + CDSL charges ₹9 + ₹5.50 (CDSL Charges) for every transaction
Demat ₹5 per certificate + ₹30 request charges ₹15 per certificate
Remat ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges ₹15 for every hundred securities + CDSL Charges
Pledge Creation 0.05% of transaction value (Min ₹30) ₹25 per transaction
Pledge Creation Confirmation 0.05% of transaction value (Min ₹30) NIL
Pledge Closure 0.05% of transaction value (Min ₹30) ₹25 per transaction
Pledge Closure Confirmation 0.05% of transaction value (Min ₹30) NIL
Pledge Invocation 0.05% of transaction value (Min ₹30) ₹19 per transaction
Failed Instruction Charges Nil ₹49
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Reliance Securities vs Finvasia on Special Offers and Promotion

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

Compare Reliance Securities vs Finvasia on Special Offers and Promotion
  Reliance Securities Finvasia
Pay In and Pay Out Options Reliance Securities vs Finvasia - 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 with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through bank transfer only.
Payout Time Reliance Securities vs Finvasia - Payout Time Max 24 hrs except bank holidays Up to 24 hrs except for bank holidays.
Bank Supported and Charges Reliance Securities vs Finvasia - Bank Supported and Charges Info Not Available Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms.
Bank Detail RELIANCE SECURITIES LTD
Account No.:9500XXXXXXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
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...

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

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...

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading.
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Last Updated on 2023-09-13T01:50:30+00:00