FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

Reliance Securities Vs IDBI Direct: Which one is better?

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 74,770 where number of active customer for IDBI Direct is 55,285. 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

  • 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 IDBI Direct on Service

  Reliance Securities Compare
Reliance Securities
IDBI Direct Compare
IDBI Direct
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE NSE, BSE
Active Clients 74,770 55,285
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 Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I...Know more about IDBI Direct
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
Expand

Account Opening Charges and AMC

Compare Reliance Securities vs IDBI Direct on Trading & Demat Account Opening Charges

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.

Trading & Demat Account Opening Charges - Compare Reliance Securities with IDBI Direct
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 Yes Yes
Expand

About Brokerage Plans

Compare Reliance Securities vs IDBI Direct on Plan Options

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.

Compare Reliance Securities with IDBI Direct on Plan Options
Plan Types Reliance Securities IDBI Direct
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
Expand

Brokerage Charges

Compare Reliance Securities vs IDBI Direct 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.

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

Brokerage Charges - Compare Reliance Securities with IDBI Direct
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
Expand

Share Broker's Transaction Charges

Compare Reliance Securities vs IDBI Direct on Transaction Charges

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

Transaction Charges - Compare Reliance Securities with IDBI Direct
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
Expand

Account Features

Compare Reliance Securities vs IDBI Direct on Account Features

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 - Reliance Securities with IDBI Direct
Account Features Compare Reliance Securities IDBI Direct
3 in 1 Account No Reliance Securities have 2-in-1 account. Only Demate and Trading account. Yes, Reliance Securities have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features Mobile Application: Rmobile Xpress NIL
Expand

Trading Platform

Compare Reliance Securities vs IDBI Direct on Trading Platform

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 with IDBI Direct
Trading Platform Compare Reliance Securities IDBI Direct
Desktop Trading Platform InstaXpress Infinity
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.idbicapital.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App TICK PRO IDBI Direct Mobile App
Mobile Trading App Demo TICK PRO Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod TICK PRO Download Andriod IDBI Direct Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS TICK PRO Download iOS IDBI Direct 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 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

Expand

Broker Ratings by Users

Compare Reliance Securities vs IDBI Direct on User Rating

  Reliance Securities IDBI Direct
  52 Customer Reviews    Rate Reliance Securities 31 Customer Reviews    Rate IDBI Direct
Fees Ratings 3.5 3.0
Trading Brokerage Rating 3.4 2.5
Trading Platform Usability 3.3 2.6
Customer Service Ratings 3.4 2.7
Overall Ratings 3.4 2.7
Broker Rating Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews
Expand

Investment Offerings

Compare Reliance Securities vs IDBI Direct on Investment Offerings

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

Order Types

Compare Reliance Securities vs IDBI Direct on Order Types

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 Types - Compare Reliance Securities with IDBI Direct
Order Type Compare Reliance Securities IDBI Direct
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
Expand

Customer Service Offered

Compare Reliance Securities vs IDBI Direct on Customer Service

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 Support - Compare Reliance Securities with IDBI Direct
Customer Service Compare Reliance Securities IDBI Direct
24/7 Customer Service Reliance Securities vs IDBI Direct - 24x7 customer support No No
Email Support Reliance Securities vs IDBI Direct - Email Support Yes Yes
Onine Live Chat Reliance Securities vs IDBI Direct - Onine Live Chat Yes No
Phone Support Reliance Securities vs IDBI Direct - Phone Support Yes Yes
Toll Free Number Reliance Securities vs IDBI Direct - Toll Free Number Yes Yes
Through Branches Reliance Securities vs IDBI Direct - Through Branches Yes Yes
Customer Care Number Reliance Securities vs IDBI Direct - Customer Care Number 022 41596000 | 022 62436000 022-3913 5001
Account Opening Process Reliance Securities vs IDBI Direct - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Reliance Securities vs IDBI Direct - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Reliance Securities vs IDBI Direct - Knowledge Center/Education https://www.reliancesmartmoney.com/Insights Info Not Available
Head Office Address Reliance Securities vs IDBI Direct - Head Office Address/Corporate Address Reliance Securities Limited,
4th Floor, North Wing,
Reliance Centre, Santacruz East,
Mumbai-MH- 400055
Info Not Available
Website Reliance Securities vs IDBI Direct - Company Website https://www.reliancesmartmoney.com https://www.idbidirect.in/
Expand

Tips/Research/Reports Published

Compare Reliance Securities vs IDBI Direct on Research Reports, Tips

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

Research Reports - Compare Reliance Securities with IDBI Direct
  Reliance Securities IDBI Direct
Research Mutual Funds Reliance Securities vs IDBI Direct - Research Mutual Funds Yes Yes
Research Equity Reports Reliance Securities vs IDBI Direct - Research Equity Reports Yes Yes
Research ETF Reliance Securities vs IDBI Direct - Research ETF Yes Yes
Daily Market Report Reliance Securities vs IDBI Direct - Daily Market Report Yes Yes
Free Tips Reliance Securities vs IDBI Direct - Free Tips Yes Yes
Quarterly Result Analysis Reliance Securities vs IDBI Direct - Quarterly Results Yes Yes
News Alerts Reliance Securities vs IDBI Direct - Yes Yes
Expand

Demat Account

Compare Reliance Securities vs IDBI Direct on Demat Account

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

Demat Charges - Compare Reliance Securities with IDBI Direct
  Reliance Securities IDBI Direct
DP Source CDSL CDSL
DP ID Reliance Securities vs IDBI Direct - DP ID 41400 No
Demat Account Annual Maintenance Charges(AMC) ₹300 pa ₹350 pa
Advance Deposit Nil NO
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹27) + CDSL charges 0.04% of transaction value or ₹30 whichever is higher + CDSL charges
Demat ₹5 per certificate + ₹30 request charges ₹5 per certificate + ₹30 courier charges
Remat ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges
Pledge Creation 0.05% of transaction value (Min ₹30) 0.05% of transaction value or ₹50 whichever is higher
Pledge Creation Confirmation 0.05% of transaction value (Min ₹30) Nil
Pledge Closure 0.05% of transaction value (Min ₹30) 0.0002% of transaction value or ₹25 whichever is higher
Pledge Closure Confirmation 0.05% of transaction value (Min ₹30) 0.0002% of transaction value or ₹25 whichever is higher
Pledge Invocation 0.05% of transaction value (Min ₹30) 0.0015% of transaction value or ₹25 whichever is higher
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare Reliance Securities vs IDBI Direct on Special Offers and Promotion

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

Compare Reliance Securities vs IDBI Direct on Special Offers and Promotion
  Reliance Securities IDBI Direct
Pay In and Pay Out Options Reliance Securities vs 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 Reliance Securities vs IDBI Direct - Payout Time Max 24 hrs except bank holidays Info Not Available
Bank Supported and Charges Reliance Securities vs IDBI Direct - 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
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...

  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

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...

  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

Detail Review...

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

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