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Upstox Vs Reliance Securities: Which one is better?

Both the brokers are registered with SEBI. Upstox offers investmenet in Equity, F&O, Currency and Commodities, where Reliance Securities offers investment in Equity, F&O and Currency only. The brokerage of Upstox Max Rs 20 per trade while the brokerage of Reliance Securities ranges between 0.05 - 0.50%. Upstox is a Discount Broker where Reliance Securities is a Full Service Broker. Upstox is having overall higher rating compare to Reliance Securities. Upstox is rated 4.5 out of 5 where Reliance Securities is rated only 3.5 out of 5. Number of active customer for Reliance Securities is 38,64,087 where number of active customer for Upstox is 91,560. Reliance Securities is serving more customer compare to Upstox.

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

  Upstox Compare
Upstox
Reliance Securities Compare
Reliance Securities
Overall Rating Rated 4.5 stars Rated 3.5 stars
Brokerage Charges Rated 4.5 stars Rated 3 stars
Trading Platform Rated 4.5 stars Rated 4 stars
Investments Offering Rated 4 stars Rated 4.5 stars
Customer Service Rated 4.5 stars Rated 3 stars
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE
Active Clients 91,560 38,64,087
Broker Overview One of the best discount brokers in India 2023 with ₹20 flat brokerage charges, free mutual fund investment, fantastic feature-rich Upstox pro trading platform in web and app versions, and reliable customer service. 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
Broker Enquiry Request call back from Zerodha Request call back from Upstox
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Account Opening Charges and AMC

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

Comparison of Upstox with Reliance Securities on trading & demat account opening charges and AMC. Trading account opening charges - Upstox charges Promotion offer: Free for account opening where Reliance Securities charges Rs 950 for account opening. Demat AMC charges - Upstox 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 Upstox with Reliance Securities
Charges Upstox Reliance Securities
Trading Account Opening Fees Promotion offer: Free Rs 950
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 400 PA| Rs. 2,500 (Lifetime Free AMC)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Upstox vs Reliance Securities on Plan Options

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

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

Account Opening

  Zerodha Upstox
Account Opening Request
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Brokerage Charges

Compare Upstox vs Reliance Securities on Brokerage Charges

Upstox Brokerage Plan detail - Equity Delivery Free and Rs 20 Per executable order for others

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.

Brokerage Charges - Compare Upstox with Reliance Securities
Brokerage Charges Compare Upstox Reliance Securities
Plan Name Max Rs 20 Per Order Trading Plan R-FIXED Online Brokerage Plan (Percentage Based)
Equity Delivery 2.5% or Rs 20 whichever is lower 0.50%
Equity Intraday 0.05% or Rs 20 whichever is lower 0.05%
Equity Futures 0.05% or Rs 20 whichever is lower 0.05%
Equity Options Flat Fee Rs 20 Rs 100 Per Lot
Currency Futures 0.05% or Rs 20 whichever is lower 0.05%
Currency Options Flat Fee Rs 20 Rs 100 Per Lot
Commodity Trading Flat Fee Rs 20 Future: 0.05%| Options: Rs 100 per lot
Minimum Brokerage NIL 5 paise per share
Hidden Charges Info Not Available No
Funding Info Not Available Yes - 18% interest PA
Call & Trade Charges Rs 20 Per Executable Order Rs 20 per call (Free First 20 call per month)
Auto Square off Charges Rs 20 Per Executable Order Free First 20 call PM and Rs 20 their onwards.
Brokerage Calculator Brokerage Calculator for Upstox Brokerage Calculator for Reliance Securities
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Share Broker's Transaction Charges

Compare Upstox vs Reliance Securities on Transaction Charges

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

Transaction Charges - Compare Upstox with Reliance Securities
Transaction Charges Compare Upstox 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 210 Per Cr Rs 190 Per Cr
Equity Options Rs 5500 Per Cr Rs 5000 Per Cr
Currency Futures Rs 150 Per Cr Rs 110 Per Cr
Currency Options Rs 6000 Per Cr Rs 4000 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for upstox Complete Brokerage Plans for reliance-securities
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Account Features

Compare Upstox vs Reliance Securities on Account Features

Compare Upstox with Reliance Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 account where Reliance Securities offers only 2-in-1 account which includes trading and demat account. Algo Trading - Upstox offers Algo Trading where Reliance Securities doesn't offers Algo Trading. Margin Funding - Reliance Securities offers a margin funding where Upstox doesn't offers margin funding. NRI Trading - Reliance Securities offers NRI where Upstox doesn't offers NRI Trading.

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

Compare Upstox vs Reliance Securities on Trading Platform

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

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Broker Ratings by Users

Compare Upstox vs Reliance Securities on User Rating

  Upstox Reliance Securities
  12 Customer Reviews    Rate Upstox 52 Customer Reviews    Rate Reliance Securities
Fees Ratings 3.5 3.5
Trading Brokerage Rating 3.8 3.4
Trading Platform Usability 3.7 3.3
Customer Service Ratings 3.5 3.4
Overall Ratings Rated 3.7 stars Rated 3.4 stars
Broker Rating Upstox is Rated 3.7 / 5 based on 12 customer reviews Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews
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Investment Offerings

Compare Upstox vs Reliance Securities on Investment Offerings

Compare Upstox 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) - Reliance Securities provides PMS Service where Upstox doesn't offer

Investment Offerings - Compare Upstox with Reliance Securities
Investment Offerings Compare Upstox 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 No Yes
ETF Yes Yes
Banking No No
Insurance No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
PMS Service No Yes
Other Investment Options NIL NIL
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Order Types

Compare Upstox vs Reliance Securities on Order Types

Order Type - Compare Upstox 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) - 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 Upstox with Reliance Securities
Order Type Compare Upstox Reliance Securities
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 Upstox vs Reliance Securities on Customer Service

Compare Upstox 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 Upstox with Reliance Securities
Customer Service Compare Upstox Reliance Securities
24/7 Customer Service Upstox vs Reliance Securities - 24x7 customer support No No
Email Support Upstox vs Reliance Securities - Email Support Yes Yes
Onine Live Chat Upstox vs Reliance Securities - Onine Live Chat Yes Yes
Phone Support Upstox vs Reliance Securities - Phone Support Yes Yes
Toll Free Number Upstox vs Reliance Securities - Toll Free Number No Yes
Through Branches Upstox vs Reliance Securities - Through Branches Yes Yes
Customer Care Number Upstox vs Reliance Securities - Customer Care Number +91 22 6130 9999 022 41596000 | 022 62436000
Account Opening Process Upstox vs Reliance Securities - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Upstox vs Reliance Securities - Customer Support Email [email protected]  [email protected]
Knowledge Center/Education Upstox vs Reliance Securities - Knowledge Center/Education https://upstox.com/help-center/ https://www.reliancesmartmoney.com/Insights
Head Office Address Upstox vs Reliance Securities - Head Office Address/Corporate Address Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Reliance Securities Limited,
4th Floor, North Wing,
Reliance Centre, Santacruz East,
Mumbai-MH- 400055
Website Upstox vs Reliance Securities - Company Website https://upstox.com/ https://www.reliancesmartmoney.com
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Tips/Research/Reports Published

Compare Upstox vs Reliance Securities on Research Reports, Tips

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

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

Compare Upstox vs Reliance Securities on Demat Account

Compare Upstox with Reliance Securities 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 Reliance Securities is ₹300 pa where for Upstox 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 Upstox is ₹13 + ₹5.50 CDSL charges where for Reliance Securities is 0.04% (Min ₹27) + 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 Upstox with Reliance Securities
  Upstox Reliance Securities
DP Source CDSL CDSL
DP ID Upstox vs Reliance Securities - DP ID 81800 41400
Demat Account Annual Maintenance Charges(AMC) ₹300 PA ₹300 pa
Advance Deposit NIL Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹13 + ₹5.50 CDSL charges 0.04% (Min ₹27) + CDSL charges
Demat ₹20 + ₹50 courier charges ₹5 per certificate + ₹30 request charges
Remat ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges
Pledge Creation 0.02% of the transaction value (Min ₹50) + CDSL charges 0.05% of transaction value (Min ₹30)
Pledge Creation Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges 0.05% of transaction value (Min ₹30)
Pledge Closure 0.02% of the transaction value (Min ₹50) + CDSL charges 0.05% of transaction value (Min ₹30)
Pledge Closure Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges 0.05% of transaction value (Min ₹30)
Pledge Invocation 0.05% of the transaction value (Min ₹50) 0.05% of transaction value (Min ₹30)
Failed Instruction Charges ₹50 Nil
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Upstox vs Reliance Securities on Special Offers and Promotion

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

Compare Upstox vs Reliance Securities on Special Offers and Promotion
  Upstox Reliance Securities
Pay In and Pay Out Options Upstox vs Reliance Securities - Pay In and Pay Out Options pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-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 Upstox vs Reliance Securities - Payout Time Max 24 hrs except bank holidays Max 24 hrs except bank holidays
Bank Supported and Charges Upstox vs Reliance Securities - Bank Supported and Charges Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. Info Not Available
Bank Detail HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
RELIANCE SECURITIES LTD
Account No.:9500XXXXXXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
Likes
  • Flat Rs. 20 brokerage across segments.
  • Invest across global companies in 25+ countries.
  • Apply for IPO and direct mutual funds for free.
  • Zero Demat AMC or annual maintenance charge.
  • Zero hidden costs.
  • Advanced orders like bracket order, cover order, and after-market order.
  • Advanced Pro web and mobile app-based trading platforms.
  • Upstox Developer Console to build your own trading platform using Python.
  • Upstox Bridge for AmiBroker to create and execute trading strategy.
  • Availability of margin against shares.

Detail Review...

  • 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...

Dislikes
  • Equity delivery trading is not free and charged at a lower of Rs. 20 per order or 2.5%.
  • Upstox doesn’t have unlimited monthly trading plan.
  • Call & trade services are not free, charged at Rs. 20 per executed order.
  • Upstox doesn’t provide stock market trading tips and recommendations.
  • NRI trading is not available since Jan 2018.
  • 24/7 customer service is unavailable.

Detail Review...

  • 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...

Special Offers/Promo Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquiry Open Zerodha Account Now>> Open Upstox Account Now>>

Last Updated on 2023-01-16T04:23:11+00:00