Compare 3 Brokers

IIFL Securities Vs Reliance Securities: Which one is better?

The brokerage of IIFL Securities ranges between .025 to .25% while the brokerage of Reliance Securities ranges between 0.04 - 0.4%. Both the brokers are Full Service brokers. IIFL Securities is having overall higher rating compare to Reliance Securities. IIFL Securities is rated 4 out of 5 where Reliance Securities is rated only 3.5 out of 5.

Here we present side-by-side comparison of IIFL Securities vs Reliance Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared IIFL Securities vs Reliance Securities'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 IIFL Securities vs Reliance Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared IIFL Securities vs Reliance Securities'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 IIFL Securities vs Reliance Securities on Service

  IIFL Securities Compare
IIFL Securities
Reliance Securities Compare
Reliance Securities
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, MCX, NCDEX BSE, NSE
Active Clients 3,24,853 1,25,472
Broker Overview IIFL Securities is one of the best brokers in terms of its Z20 flat discount brokerage plan, IIFL Markets Mobile app, best research & advisory, complete investment solution, and personalized Portfolio Management Service. 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.
Broker Enquiry Open an Online Trading Account with IIFL Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Reliance Securities. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

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

Comparison of IIFL Securities with Reliance Securities on trading & demat account opening charges and AMC. Trading account opening charges - IIFL Securities charges Rs 250 (Rs 0, Promotion offer) for account opening where Reliance Securities charges Rs 950 for account opening. Demat AMC charges - IIFL Securities charges Rs 450 PA (Waived for 1st year) AMC for Demat account where Reliance Securities charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IIFL Securities with Reliance Securities
Charges IIFL Securities Reliance Securities
Trading Account Opening Fees Rs 250 (Rs 0, Promotion offer) Rs 950
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 450 PA (Waived for 1st year) Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IIFL Securities vs Reliance Securities on Plan Options

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

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

Account Opening

  IIFL Securities Reliance Securities
Account Opening Request
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Brokerage Charges

Compare IIFL Securities vs Reliance Securities on Brokerage Charges

IIFL Securities Brokerage Plan detail - IIFL Z20 flat discount brokerage plan offers Free delivery trading and charges a maximum of Rs. 20 per order brokerage across segments.

Reliance Securities Brokerage Plan detail - This is online plan from Reliance Security. Its fix brokerage plan where you dont need any dealer support.

Brokerage Charges - Compare IIFL Securities with Reliance Securities
Brokerage Charges Compare IIFL Securities Reliance Securities
Plan Name IIFL Z20 Brokerage Plan R-FIXED Online Trading Plan (Percentage Based)
Equity Delivery Free 0.4% or 40 paisa
Equity Intraday Rs. 20/- per executed order or 0.05% whichever is 0.04% or 4 paisa
Equity Futures Rs. 20/- per executed order or 0.05% whichever is 0.04% or 4 paisa
Equity Options Flat Rs 20 per executed order Rs 100 Per Lot
Currency Futures Rs. 20/- per executed order or 0.05% whichever is 0.04% or 4 paisa
Currency Options Rs. 20/- per executed order or 0.05% whichever is Rs 100 Per Lot
Commodity Trading Rs. 20/- per executed order or 0.05% whichever is 0.04% or 4 paisa
Minimum Brokerage NIL 5 paise per share
Hidden Charges Info Not Available No
Funding Yes - 18% interest PA Yes - 18% interest PA
Call & Trade Charges Rs 50 Per Call + GST Free First 20 call PM and Rs 20 their onwards.
Brokerage Calculator Brokerage Calculator for IIFL Securities Brokerage Calculator for Reliance Securities
SPAN Margin Calculator SPAN Margin Calculator for IIFL Securities SPAN Margin Calculator for Reliance Securities
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Share Broker's Transaction Charges

Compare IIFL Securities vs Reliance Securities on Transaction Charges

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

Transaction Charges - Compare IIFL Securities with Reliance Securities
Transaction Charges Compare IIFL Securities Reliance Securities
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 190 Per Cr
Equity Options Rs 5000 Per Cr Rs 5000 Per Cr
Currency Futures Rs 110 Per Cr Rs 110 Per Cr
Currency Options Rs 4000 Per Cr Rs 4000 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 iifl-securities Complete Brokerage Plans for reliance-securities
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Account Features

Compare IIFL Securities vs Reliance Securities on Account Features

Compare IIFL Securities with Reliance Securities 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 - 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 - IIFL Securities with Reliance Securities
Account Features Compare IIFL Securities Reliance Securities
3 in 1 Account No IIFL Securities have 2-in-1 account. Only Demate and Trading account. No IIFL Securities have 2-in-1 account. Only Demate 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 Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL Mobile Application: Rmobile Xpress
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Trading Platform

Compare IIFL Securities vs Reliance Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities and Reliance Securities. 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 IIFL Securities with Reliance Securities
Trading Platform Compare IIFL Securities Reliance Securities
Desktop Trading Platform IIFL Trader terminal InstaXpress
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://ttweb.indiainfoline.com http://tick.rsec.co.in/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App IIFL Markets TICK PRO
Mobile Trading App Demo IIFL Markets Demo TICK PRO Demo
Android Mobile App Yes Yes
Android App Download Andriod IIFL Markets Download Andriod TICK PRO Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IIFL Markets Download iOS TICK PRO 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 IIFL Securities Equity Intraday and Delivery Brokerage Calculator for Reliance Securities
Futures Brokerage Calculator Futures Brokerage Calculator for IIFL Securities Futures Brokerage Calculator for Reliance Securities
Options Brokerage Calculator Options Brokerage Calculator for IIFL Securities Options Brokerage Calculator for Reliance Securities
Detail Detail on Trading Platforms for iifl-securities Detail on Trading Platforms for reliance-securities
Zerodha Online Branch Offices
Upstox Online Branch Offices
5paisa Online Branch Offices
Angel Broking Online Branch Offices

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Broker Ratings by Users

Compare IIFL Securities vs Reliance Securities on User Rating

  IIFL Securities Reliance Securities
  81 Customer Reviews    Rate IIFL Securities 52 Customer Reviews    Rate Reliance Securities
Fees Ratings 3.1 3.5
Trading Brokerage Rating 2.9 3.4
Trading Platform Usability 3.4 3.3
Customer Service Ratings 2.9 3.4
Overall Ratings Rated 2.8 stars Rated 3.4 stars
Broker Rating IIFL Securities is Rated 2.8 / 5 based on 81 customer reviews Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews
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Investment Offerings

Compare IIFL Securities vs Reliance Securities on Investment Offerings

Compare IIFL Securities with Reliance Securities 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) - both the brokers provides PMS Service. You can invest in stocks/equity/bonds using PMS.

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

Compare IIFL Securities vs Reliance Securities on Order Types

Order Type - Compare IIFL Securities with Reliance Securities 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) - Reliance Securities provides Bracket Orders (BO) where IIFL Securities doesn't offer.With the name its cleare 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 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- IIFL Securities offers Good Till Cancelled (GTC) orders where Reliance Securities doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare IIFL Securities with Reliance Securities
Order Type Compare IIFL Securities Reliance Securities
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Margin/Leverage

Compare IIFL Securities vs Reliance Securities on Margin/Leverage

Compare IIFL Securities with Reliance Securities on Exposure/Margin offered by the broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.

Exposure/margin - Compare IIFL Securities with Reliance Securities
Margin Product Compare IIFL Securities Reliance Securities
Equity Delivery Margin IIFL Securities vs Reliance Securities - Equity Delivery Margin Upto 5x Upto 4x via Margin Funding.
Equity Intraday Margin IIFL Securities vs Reliance Securities - Equity Intraday Margin Up to 20x on MIS, Bracket order, (BO) and cover order (CO) Upto 10x leverage for equity.
Futures Margin IIFL Securities vs Reliance Securities - Futures Margin Intraday: Upto 4x| BO/CO: 25% of Exchange margin + SL Margin Upto 2x leverage for futures.
Options Margin IIFL Securities vs Reliance Securities - Options Margin Stock options: 2x (sell), 1x (Buy)| Index Options Buy: 3x (intraday)| BO/CO: 25% of Exchange margin + SL Margin| Index options sell: 4x (intraday)| BO/CO: 25% of Exchange margin + SL Margin Upto 2x margin for Options shorting, No leverage for option buying.
Equity CO Margin IIFL Securities vs Reliance Securities - Equity CO Margin Up to 20x Upto 15x margin/leverage in CO order for selected equity scripts.
Futures CO Margin IIFL Securities vs Reliance Securities - Futures CO Margin 1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order. Upto 15x margin/leverage in CO order for Futures contracts.
Options CO Margin IIFL Securities vs Reliance Securities - Options CO Margin 1x means actual SPAN + Exposure margin(Sell) or Premium Margin(Buy), No additional Margin for Options Cover Order. Upto 15x margin/leverage in CO order for options Contracts Sell only.
Commodity Margin IIFL Securities vs Reliance Securities - Commodity Margin 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy. Complete SPAN is required.
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Customer Service Offered

Compare IIFL Securities vs Reliance Securities on Customer Service

Compare IIFL Securities with Reliance Securities 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 IIFL Securities with Reliance Securities
Customer Service Compare IIFL Securities Reliance Securities
24/7 Customer Service IIFL Securities vs Reliance Securities - 24x7 customer support Yes No
Email Support IIFL Securities vs Reliance Securities - Email Support Yes Yes
Onine Live Chat IIFL Securities vs Reliance Securities - Onine Live Chat Yes Yes
Phone Support IIFL Securities vs Reliance Securities - Phone Support Yes Yes
Toll Free Number IIFL Securities vs Reliance Securities - Toll Free Number Yes Yes
Through Branches IIFL Securities vs Reliance Securities - Through Branches Yes Yes
Customer Care Number IIFL Securities vs Reliance Securities - Customer Care Number 022-40071000 022 39886000
Account Opening Process IIFL Securities vs Reliance Securities - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email IIFL Securities vs Reliance Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IIFL Securities vs Reliance Securities - Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://www.5paisa.com/knowledge-centre
Head Office Address IIFL Securities vs Reliance Securities - Head Office Address/Corporate Address IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Reliance Securities Limited,
4th Floor, North Wing,
Reliance Centre, Santacruz East,
Mumbai-MH- 400055
Website IIFL Securities vs Reliance Securities - Company Website https://www.indiainfoline.com/ https://www.reliancesmartmoney.com
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Tips/Research/Reports Published

Compare IIFL Securities vs Reliance Securities on Research Reports, Tips

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

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

Compare IIFL Securities vs Reliance Securities on Demat Account

Compare IIFL Securities with Reliance Securities on Demat Service and Charges. This section covers about demat charges, demat service and other details

Demat Charges - Compare IIFL Securities with Reliance Securities
  IIFL Securities Reliance Securities
DP Source CDSL CDSL
DP ID IIFL Securities vs Reliance Securities - DP ID 44700 41400
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹300 pa
Advance Deposit Nil Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) 0.04% (Min ₹27) + CDSL charges
Demat ₹15 per certificate + ₹40 courier charges ₹5 per certificate + ₹30 request charges
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges
Pledge Creation ₹50 0.05% of transaction value (Min ₹30)
Pledge Creation Confirmation Nil 0.05% of transaction value (Min ₹30)
Pledge Closure Nil 0.05% of transaction value (Min ₹30)
Pledge Closure Confirmation Nil 0.05% of transaction value (Min ₹30)
Pledge Invocation Nil 0.05% of transaction value (Min ₹30)
Failed Instruction Charges Nil Nil
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs Reliance Securities on Special Offers and Promotion

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

Compare IIFL Securities vs Reliance Securities on Special Offers and Promotion
  IIFL Securities Reliance Securities
Pay In and Pay Out Options IIFL Securities vs Reliance Securities - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only
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
Payout Time IIFL Securities vs Reliance Securities - Payout Time Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. Max 24 hrs except bank holidays
Bank Supported and Charges IIFL Securities vs Reliance Securities - Bank Supported and Charges Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms. Info Not Available
Bank Detail India Infoline Ltd
Account No.:IILEQ1XXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0CMSNOC
RELIANCE SECURITIES LTD
Account No.:9500XXXXXXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
Likes

Detail Review...

  • Big margin and option to pay within t+5 days.
  • Dedicated research team.
  • Site wide quote bar.

Detail Review...

Dislikes
  • High call & trade charges of Rs. 50 per order.
  • Unavailability of the IIFL 3-in-1 account.
  • High IIFL Securities Account Opening Charge than other brokers.

Detail Review...

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

Detail Review...

Special Offers/Promo Open IIFL Demat & Trading Account Free - Zero A/c Opening Charge & 1st year AMC waived off.
Enquiry Enquire about IIFL Securities Enquire about Reliance Securities

Last Updated on 2021-01-28T23:33:20+00:00


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