Compare 3 Brokers

Reliance Securities Vs IDBI Direct: Which one is better?

The brokerage of Reliance Securities ranges between 0.04 - 0.4% while the brokerage of IDBI Direct ranges between .08 to .5%. Both the brokers are Full Service brokers. Overall rating for both the brokers are also equal with rating 3.5 out of 5.

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? BSE, NSE BSE, NSE
Active Clients 1,25,472 54,453
Broker Overview 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. IDBI Capital provides well rounded services like 3 in 1 account, support to NRIs, research reports and analytical tools but comes with subscription fee thus not suitable for casual trader. But it can suit active investors with its competitive broker...Know more about IDBI Direct
Broker Enquiry Open an Online Trading Account with Reliance Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with IDBI Direct. Leave your contact info and we will get in touch with you.
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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 - Reliance Securities charges Rs 950 for account opening where IDBI Direct charges Rs 700 for account opening. Demat AMC charges - Reliance Securities charges Rs 300 PA AMC for Demat account where IDBI Direct charges Rs 350 PA 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 Rs 700
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 PA Rs 350 PA
Provide DP Service Yes Yes
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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
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Account Opening Request

Account Opening

  Reliance Securities IDBI Direct
Account Opening Request
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Brokerage Charges

Compare Reliance Securities vs IDBI Direct on Brokerage Charges

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

IDBI Direct Brokerage Plan detail - This is a prepaid brokerage plan with subscription fee.Plan duration from 6 to 12 months.

Brokerage Charges - Compare Reliance Securities with IDBI Direct
Brokerage Charges Compare Reliance Securities IDBI Direct
Plan Name R-FIXED Online Trading Plan (Percentage Based) Flexi Gold Trading Plan (Percentage Based)
Equity Delivery 0.4% or 40 paisa 0.5% or 50 paisa
Equity Intraday 0.04% or 4 paisa 0.08% or 8 paisa
Equity Futures 0.04% or 4 paisa 0.08% or 8 paisa
Equity Options Rs 100 Per Lot Rs 100 Per Lot
Currency Futures 0.04% or 4 paisa 0.08% or 8 paisa
Currency Options Rs 100 Per Lot Rs 100 Per Lot
Commodity Trading 0.04% or 4 paisa 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 Free First 20 call PM and Rs 20 their onwards. Info Not Available
Brokerage Calculator Brokerage Calculator for Reliance Securities Brokerage Calculator for IDBI Direct
SPAN Margin Calculator SPAN Margin Calculator for Reliance Securities SPAN Margin Calculator for IDBI Direct
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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 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 5100 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 NA
Brokerage Charges Complete Brokerage Plans for reliance-securities Complete Brokerage Plans for idbicapital
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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
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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 Info Not Available
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
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 Reliance Securities vs IDBI Direct on User Rating

  Reliance Securities IDBI Direct
  52 Customer Reviews    Rate Reliance Securities 30 Customer Reviews    Rate IDBI Direct
Fees Ratings 3.5 3.0
Trading Brokerage Rating 3.4 2.4
Trading Platform Usability 3.3 2.5
Customer Service Ratings 3.4 2.8
Overall Ratings Rated 3.4 stars Rated 2.7 stars
Broker Rating Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews IDBI Direct is Rated 2.7 / 5 based on 30 customer reviews
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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 No
PMS Service Yes No
Other Investment Options NIL NIL
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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) - Reliance Securities provide Cover Orders (CO) where IDBI Direct doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Reliance Securities provide Bracket Orders (BO) where IDBI Direct 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- Both broker 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 No
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No No
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Margin/Leverage

Compare Reliance Securities vs IDBI Direct on Margin/Leverage

Compare Reliance Securities with IDBI Direct 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 Reliance Securities with IDBI Direct
Margin Product Compare Reliance Securities IDBI Direct
Equity Delivery Margin Reliance Securities vs IDBI Direct - Equity Delivery Margin Upto 4x via Margin Funding. Info Not Available
Equity Intraday Margin Reliance Securities vs IDBI Direct - Equity Intraday Margin Upto 10x leverage for equity. Up to 10x or 10% subject to Var and ELM.
Futures Margin Reliance Securities vs IDBI Direct - Futures Margin Upto 2x leverage for futures. 1x means actual SPAN + Exposure.
Options Margin Reliance Securities vs IDBI Direct - Options Margin Upto 2x margin for Options shorting, No leverage for option buying. 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.
Equity CO Margin Reliance Securities vs IDBI Direct - Equity CO Margin Upto 15x margin/leverage in CO order for selected equity scripts. Up to 10x or 10% subject to Var and ELM, no additioanl margin for Cover Order.
Futures CO Margin Reliance Securities vs IDBI Direct - Futures CO Margin Upto 15x margin/leverage in CO order for Futures contracts. 1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order.
Options CO Margin Reliance Securities vs IDBI Direct - Options CO Margin Upto 15x margin/leverage in CO order for options Contracts Sell only. 1x means actual SPAN + Exposure margin(Sell) or Premium Margin(Buy), No additional Margin for Options Cover Order.
Commodity Margin Reliance Securities vs IDBI Direct - Commodity Margin Complete SPAN is required. 1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.
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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 39886000 Info Not Available
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] Info Not Available
Knowledge Center/Education Reliance Securities vs IDBI Direct - Knowledge Center/Education https://www.5paisa.com/knowledge-centre 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 Info Not Available
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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
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Demat Account

Compare Reliance Securities vs IDBI Direct on Demat Account

Compare Reliance Securities with IDBI Direct on Demat Service and Charges. 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

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

Detail Review...

3 in 1 service provider; new user friendly design and content layout on new portal idbidirect.in, investment offerings for NRIs

Detail Review...

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

Detail Review...

Commodities & Currency trading is not available, minimum brokerage charges, technical issues with trading platforms

Detail Review...

Special Offers/Promo
Enquiry Enquire about Reliance Securities Enquire about IDBI Direct

Last Updated on 2019-07-07T23:27:31+00:00


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