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Reliance Securities Review 2022

Rated 3.5 stars Rated 3.5/5 by Top Share Brokers Team
Last updated on: 8-Jul-2019
Reliance Securities Limited Review

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Reliance Securities Review 2022 - Quick 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.


Rated 3.5 stars

Reliance Securities Top Highlight for 2022

  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.

About Reliance Securities

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.

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  • Free Delivery Trading
  • Max Rs. 20 per order brokerage on intraday,F&O,Commodities and Currency
  • Free Direct Mutual Funds and IPO Investment
  • Kite & Coin - Number one Trading platform and Mobile App
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Reliance Securities Brokerage Plan, Fees and Charges

Rated 3 stars 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 Plan 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 5paisa Zerodha Upstox Paytm Money
Service Type Full Service Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range 0.04 - 0.4% Rs 20 Rs 20 Rs 20 Rs 15
Account Type 2 in 1 2 in 1 3 in 1 3 in 1 2 in 1
Equity Delivery 0.4% or 40 paisa Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 15 whichever is lower
Equity Intraday 0.04% or 4 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Equity Futures 0.04% or 4 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 15 whichever is lower
Equity Options Rs 100 Per Lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 15 per order
Commodity 0.04% or 4 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures 0.04% or 4 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
Currency Options Rs 100 Per Lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Rating
Rated 3.5 stars
Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

Other Charges

  • Call & Trade Charges: Free First 20 call PM and Rs 20 their onwards.
  • RMS Auto Square Off Charges: Free First 20 call PM and Rs 20 their onwards.
  • Hidden Charges: No

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

Please refer unique and accurate Reliance Securities Brokerage Calculator


How to open Reliance Securities Account online?

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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Alternatives to Reliance Securities

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Reliance Securities Mobile App and Trading Platforms

Rated 4 stars 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 Cons

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

Reliance Securities Customer Care info


Final thought about Reliance Securities

Rated 3.5 stars Rated 3.5/5 by 52 users

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.

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Last updated on: 2019-07-07

Compare Reliance Securities

Find out how Reliance Securities stacks up against other brokers
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Reliance Securities Limited User Reviews

avatar
11. Ashutosh Goel Jul 29 2022 05:42:06 AM Reply
Excellent Service,Future oriented reliable broker.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
10. S. M SHINDE Aug 06 2020 07:11:26 PM Reply
OPTION CHARGES ARE TOO MUCH OTHER BROKERS ARE CHARGING RS 20/ PER LOT PL REDUCE
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9. raja koteswar rao k Mar 02 2019 03:07:21 PM Reply
I want to know some details about my account.
avatar
8. Bharti patel Dec 27 2018 05:02:02 PM Reply
I want to know office adress for reliance securities ltd at bharuch
avatar
7. Suhith May 11 2018 01:50:09 PM 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
avatar
6. Kapil Jain Feb 25 2018 05:04:52 PM 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
avatar
5. Alok singh Feb 10 2018 04:45:54 PM Reply
I am coustmer of RSL

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Average
avatar
4. Mohil Davera Feb 07 2018 01:57:27 PM Reply
Its awesome!!!!!

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent
avatar
3. S.PERUMAL Sep 09 2017 05:51:57 PM 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.
avatar
2. ravikumar May 03 2017 02:14:34 PM Reply
NEED TO BE IMPROVE BIT....

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Average
Overall Experience - Above Average