Reliance Securities is the broking firm of Reliance Capital Group of Anil Ambani. The Reliance Capital Group as a whole has presence in many financial fields like asset management and mutual funds; life and general insurance; commercial finance; equities and commodities broking; wealth management services; distribution of financial products; asset reconstruction; proprietary investments and other activities in financial services.
Not to confuse here, Reliance Money is a separate division of Reliance Capital, offering financial planning, investment planning and protection planning solutions and provides investment in Gold, Mutual Funds, Fixed Income, Insurance, and Portfolio Management Services.
Reliance Securities is a well-established and highly reputed Brokerage firm offering services to trade in equities, derivatives, currency, IPOs, mutual funds, bonds, and corporate FDs. The Broker is a corporate member of NSE and BSE and has a huge network through branches across all over India and has around 7 lakh customer base. The Broker offers online trading with its in house secured website trade.rsec.co.in or you can trade offline through variety of means including live Chat, Call and Trade, Branch Dealing Desks and network of affiliates. With Reliance Securities, you also get stock related information, share market news, market outlook, Share Market updates at your fingertips.
When reviewing Reliance Securities customer service, we expected great results as it is a big name and that's not exactly what we got. The Broker doesn't has good reputation as far as customer service go, giving only average service, regardless of whether you are on the phone, emailing or using live chat.
Brokerage is average cheaper than the big shots but equal to most average brokers.
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.
Here we are comparing Reliance Securities with its 5 close competitors on investment options.
|Equity Trading Type||Yes||Yes||Yes||Yes||Yes|
Reliance Securities offers a variety of Brokerage plans to choose from as per your best fit.
Their R-Fixed Plan is the most basic plan where you pay fixed brokerage charges (Not Variable with volume) and avail help from your local branch and relationship manager and take trading decisions based on fundamental and technical reports generated by them. The brokerage charges are as per market standard(With reference to Full service brokers) and come in average range.
Delievery - .50%, Intraday - .05%, Future- .05%, Options- Rs 100 per lot.
But if you are smart enough and don't want to use reserch service than their R-Fixed Online plan is right for you.The brokerage is lowest in this plan and a good fit for online traders.
Delievery - .40%, Intraday - .04%, Future- .04%, Options- Rs 100 per lot.
Their RMAX Plan is especially designed for more active investors who wants to take informed decisions based on exclusive research. You have to buy a subscription for this plan and your brokerage rates get reduce during tenure of the plan.
The fourth plan is R-Flexi Plan,This plan is like I-Saver Plan of ICICIDirect where you can pay low brokerage only if your trading volume is high otherwise your brokerage will be high. The brokerage for NSE/BSE Cash ranges from .60% for monthly turnover of less than 10 lakh to .15% for turnover more than 2.5 crore.
|Delivery (NSE, BSE Cash Segment)||Margin (NSE, BSE Cash Intraday & Futures)||Options|
|Monthly Turnover||Brokerage||Monthly Turnover||Brokerage||Monthly Premium Turnover||Brokerage Per Lot (in Rs.)|
|More than 2.5 Cr||0.15%||50 Cr. or More||0.015%||25 Lacs or More||50|
|More than 2.5 Cr||0.15%||25 Cr. to 50 Cr..||0.02%||25 Lacs or More||50|
|50 Lacs to 2.5 Cr||0.25%||10 Cr. to 25 Cr.||0.025%||10 Lacs to 25 Lacs||60|
|25 Lacs to 50 Lacs||0.40%||5 Cr. to 10 Cr.||0.04%||5 Lacs to 10 Lacs||70|
|10 Lacs to 25 Lacs||0.50%||2 Cr. to 5 Cr.||0.05%||2 Lacs to 5 Lacs||80|
|Less than 10 Lacs*||0.60%||Less than 2 Cr.*||0.06%||Less than 2 Lacs*||100|
Demat AMC:Rs 400 p.a. or pay refundable amount of Rs 2500 and get free AMC for lifetime.Call and Trade can be done at Rs 20 per call (first 20 calls per month are free)
For complete brokerage charges and trading plans detail please visit Reliance Securities Brokerage Charges.
Here we are comparing Reliance Securities with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Full Service Broker||Full Service Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||0.04 - 0.4%||0.1 to 0.5%||Rs 10||Rs 20||20 Rs|
|Account Type||2 in 1||2 in 1||2 in 1||2 in 1||2 in 1|
|Equity Delivery||0.4% or 40 paisa||0.5% or 50 paisa||Flat Fee Rs 10||Free||0.2% or Rs 20 whichever is lower|
|Equity Intraday||0.04% or 4 paisa||0.1% or 10 paisa||Flat Fee Rs 10||0.01% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Futures||0.04% or 4 paisa||0.1% or 10 paisa||Flat Fee Rs 10||0.01% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||Rs 100 Per Lot||2.5% of Premium or Rs 250 per lot whichever is high||Flat Fee Rs 10||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||0.04% or 4 paisa||0.1% or 10 paisa||Flat Fee Rs 10||Flat Fee Rs 20||Flat Fee Rs 20|
|Currency Futures||0.04% or 4 paisa||0.1% or 10 paisa||Flat Fee Rs 10||0.01% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Currency Options||Rs 100 Per Lot||2.5% of Premium or Rs 30 per lot whichever is high||Flat Fee Rs 10||Flat Fee Rs 20||Flat Fee Rs 20|
Please refer unique and accurate Reliance Securities Brokerage Calculator
For online trading with Reliance Securities, investor has to open 2-in-1 account(Trading and Demat). Following are the ways to open an account with Reliance Securities:
Reliance Securities supports software based, web based and mobile app based trading platforms.
INSTA XPRESS:This is an installable application powered by 'Omnesys NEST Trader' that can be downloaded and installed on your computer. It is fully functional trading terminal allowing fast execution of orders with real time monitoring, dynamic charts and indicators, streaming quotes and many more.
RSL TICK:This is the advanced online trading platform of Reliance Securities where you have integrated market watch for equities and Derivatives, live streaming quotes, real time news and market coverage, integrated research with fundamental and technical analysis, charting tools, payment gateways and many more features.This web based portal is intrigrated with analytical engine for better and calculated decisions.
RSL TICK PRO: is the mobile app that can be downloaded for trading on the go. It comes with features like Real time quotes, live streaming market watch, view balances and holdings, access to real time charts on NSE and BSE, customized watch list.
Other than normal trading hours, Reliance Securities supports After Market orders (AMO).The Broker provides an option to place Bracket Orders, NRML and Cover Order.With NRML you have flexibility to pay the remaining amount within 5 days (T+5) from the exchange pay out day.
For detail review of mobile app and download please visit Reliance Securities Trading Platform Review.
Here we are comparing Reliance Securities with its 5 close competitors on Trading Platform.
|Android Tablet App||Yes||Yes||Yes||Yes||Yes|
|Android Mobile App||Yes||Yes||Yes||Yes||Yes|
|iPhone App (iOS Mobile App)||Yes||Yes||Yes||Yes||No|
Overall, Reliance Securities is a very well respected broker, competing among the largest brands in the online broker space. As a full service Broker, they have a lots of value added services to enhance the trading quality. What impresses us most about Reliance Securities is its drive to continue innovation and push forward across all its products to provide the best possible client experience.
Compare to other full service brokers,their offerings are strong,customer service is poor, brokerage plans are average.Biggest disadvantage is that Reliance securities is not supporting commodity trading.
But if you are someone who is already a seasoned investor and can survive without taking tips and recommendations and their research reports, then you can head towards more cheaper brokers (Discount Brokers) whose main focus is to let you trade on your own at fairly cheaper brokerage rates.
If you like what you have read and want to start trading, leave your contact information with us and we will guide you.