Reliance Securities Review 2019

Rated 3.5/5 by Top Share Brokers Team
Reliance Securities Limited Review

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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.

Review Summary

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.


Benefits

  1. Research Service - Finest quality research.
  2. Competitive Brokerage Plans & Wide range of investment option specially bonds and corporate fixed deposits.
  3. ISO 9001:2008 certified for Online Trading Platform.
  4. Largest E-Broking House 2010 by Dun & Bradstreet report.
  5. Superfast and user friendly trading platforms.

Considerations

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

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Reliance Securities Investment Options Compare

Here we are comparing Reliance Securities with its 5 close competitors on investment options.

Broker Reliance Securities Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance Yes Yes Yes No No

Reliance Securities Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

Reliance Securities Account Opening Charges

      »»  Trading Account Opening Charges: Rs 950
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 300 PA

Reliance Securities Brokerage

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.

Reliance Securities - R-Flexi Plan
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)

How mush margin/exposure Reliance Securities provides?

  • MIS - Margin Intraday Square off is a product that offers approximately 5 times exposure in cash segment, 6.5 times in stock futures and 10 times in index futures.Position must be square-off by EOD trading hrs.
  • Plus Multiplier(MIS) - is a product that offers approximately 10 times exposure in cash segment, 8 times in stock futures and 15 times in index futures.Position must be square-off by EOD trading hrs.
  • Super Multiplier(MIS) - is a product that offers approximately 10 times exposure in cash segment, 10 times in stock futures and 18 times in index futures.Position must be square-off by EOD trading hrs.
  • NRML CASH - Reliance Securities offers a facility to take a delivery position by paying the required margin during the day and pay the balance not later than 5 days from the exchange payout day.
  • NRML Derivatives - Futures & options, margin percentage as specified by exchange will be blocked. Derivatives positions are marked to market on daily basis. In case margin falls below the exchange margin requirement, client is required to bring in additional margin, failure to which may result in position square-off.

For complete brokerage charges and trading plans detail please visit Reliance Securities Brokerage Charges.

Reliance Securities with closest competitors

Here we are comparing Reliance Securities with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Reliance Securities Sharekhan 5paisa Zerodha SAMCO
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 Rs 20
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
Rating

Please refer unique and accurate Reliance Securities Brokerage Calculator


Open Trading and Demat Account with Reliance Securities Limited

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:

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Reliance Securities Trading Platform and Tools

Trading Platforms Rated 4/5

    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.

Reliance Securities Trading Platform Compare

Here we are comparing Reliance Securities with its 5 close competitors on Trading Platform.

Broker Reliance Securities Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
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
iPad App Yes Yes Yes Yes No
Mobile Site Yes Yes Yes Yes Yes

Final thought about Reliance Securities

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.


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Reliance Securities Limited User Reviews

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9. raja koteswar rao k Mar 2, 2019 2:07:21 PM IST Reply
I want to know some details about my account.
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8. Bharti patel Dec 27, 2018 4:02:02 PM IST Reply
I want to know office adress for reliance securities ltd at bharuch
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7. Suhith May 11, 2018 12:50:09 PM IST Reply
They are FRAUDS.

They take your money in the name of Mutual Funds and invest where they feel fit and will lose the money.
You cant do anything,since we dont have anything in written. IF you file a complaint, the branch manager (who did this) will be investigating this fraud.

NEVER ever invest here.

FRAUD FRAUD FRAUD !!!!

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
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6. Kapil Jain Feb 25, 2018 4:04:52 PM IST Reply
Like Trading Platform
Dislike Brokerage, Customer Service.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Below Average
Overall Experience - Below Average
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5. Alok singh Feb 10, 2018 3:45:54 PM IST Reply
I am coustmer of RSL

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Average
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4. Mohil Davera Feb 7, 2018 12:57:27 PM IST Reply
Its awesome!!!!!

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent
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3. S.PERUMAL Sep 9, 2017 4:51:57 PM IST Reply
Reliance sec Chennai branch personnel did unauthorized trade and made loss in my A/C
the company also not acted as meddle man. I lodged complaint to NSE, the case still active.
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2. ravikumar May 3, 2017 1:14:34 PM IST Reply
NEED TO BE IMPROVE BIT....

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Average
Overall Experience - Above Average
avatar
1. KK Sep 10, 2016 6:44:58 AM IST Reply
How can i buy reliance mutual funds?

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