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Reliance Securities Review 2022

Rated 3.5 stars Rated 3.5/5 by Top Share Brokers Team
Last updated on: 1-Sep-2022
Reliance Securities Limited Review
  • Ranked #1 Broker in India(5*)
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  • Reliance Securities Review 2022 - Quick Summary

    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 & advisory, invest in a model portfolio, or portfolio management services, Robo assist and start algo trading.


    Rated 3.5 stars

    Reliance Securities Top Highlight for 2022

    • Trade on BSE, NSE, and MCX.
    • Free Demat account
    • Flexible brokerage plans; R-fixed plan and R-online Insta Account plan.
    • Trade with the all-new Tick platform empowered with Robo insights.
    • Algo trading with Tick Algo.
    • Get the best research & advisory from in-house experts.

    About Reliance Securities

    Reliance Securities (Reliance Smart Money) is a broking arm of Reliance capital that offers online broking and investment services. It is one of the most prominent full-service brokerage firms in India that offers to trade in stocks, futures & options, commodities, and currencies segment, and also facilitates investment in mutual funds, IPO, bonds, corporate FDs, SGBs, loans, insurance, and portfolio management services.

    Sign up for a free Demat account with Reliance smart money today and trade across segments. The broker also allows NRIs to open an NRI Demat and trading account with the broker and trade in BSE and NSE-listed shares, IPO, and mutual funds.

    Worried about brokerage charges? Reliance Securities has R- Fixed brokerage plans and R-Insta Account Plan. Both the brokerage plans are traditional percentage-based brokerage plans but the fixed pricing plan charges a comparatively higher brokerage fee but assigns a dedicated relationship manager. You are free to choose any plan that best suited your trading requirements.

    The broker has state-of-the-art TICK trading platforms in the form of a browser-enabled trading website (Tick Web), mobile trading app (Tick Pro), and desktop trading software (Tick PC). The advanced platform has some mind-blowing features including Robo insights, advanced technical charting, real-time price movement, research calls, and news and updates to provide a hassle-free seamless trading experience.

    It also has an in-house dedicated research team to provide the stocks and mutual funds research recommendations like R-model portfolio, expert-curated MF basket, etc. Its research team provides intraday trading calls, positional calls, fundamental research calls, dynamic calls, and alpha bets. The research experts also offer Portfolio Management Services (PMS) including both discretionary PMS and non-discretionary PMS.

    The well-acclaimed brokerage house provides customer care via email support, helpdesk support, and branch support. Are you looking to open an account with Reliance Securities? If yes, then read the latest and genuine Reliance Securities Review 2022 including account opening fees, brokerage charges, trading platforms, customer care details, and pros & cons uncovered.

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    Reliance Securities Brokerage Plan, Fees and Charges

    Rated 3 stars Brokerage and Commission Rated 3/5

    The full-service broking house endeavors to offer the best trading & investing experience at competitive rates. Reliance Securities has two pricing plans; R-Online Insta Account Plan and R-Fixed Plan. A client can choose any of these brokerage plans as per their needs.

    The Insta Account Plan charges a lower brokerage fee across segments, however, the R-Fixed plan levies higher brokerage but also comes with value-added services like a dedicated relationship manager to assist you to make a smart investment decision based on fundamental and technical research reports.

    Reliance Securities Account Opening Charges

    Trading Account Opening Charges: Rs 950
    Trading Account AMC: Free
    Demat Account Opening Charges: Free
    Demat Account AMC: Rs 400 PA| Rs. 2,500 (Lifetime Free AMC)

    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 0.05 - 0.50% 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 0.50% Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 15 whichever is lower
    Equity Intraday 0.05% 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 0.05% 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 Future: 0.05%| Options: Rs 100 per lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
    Currency Futures 0.05% 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: Rs 20 per call (Free First 20 call per month)
    • 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


    Type of Account offered by Reliance Securities

    Reliance Securities allows residents as well as NRI clients to open a demat and trading account together to execute the trade in different segments and keep securities in the demat account in dematerialized form. Read the review of types of accounts offered by reliance securities;

    Reliance Securities Trading & Demat Account

      Reliance smart money is a DP with CDSL & NSDL to allow clients to open a Demat account with the broker.  You can open a trading and demat account, a 2-in-1 account together in one go. Once the trading account is opened, you can now trade in stocks, equity futures & options, commodities, and currencies trading segments. The research team also provides you with stock trading calls, recommendations, and investment ideas.

      Is the Demat account free? Yes, the full-service brokerage house facilitates absolutely free account opening and also charges a minimal Demat AMC of Rs. 400 per annum on monthly basis, and that too for the trading account is free.

    Reliance Securities NRI Demat & Trading Account

      The full-service brokerage house extends due support to customers beyond India by allowing NRI citizens to open an online trading account. The 2-in-1 Reliance Smart Money NRI Account allows NRIs to trade via the Tick Pro app, Tick PC terminal, and Tick web portal.

    Reliance Securities NRI Trading Account Features:

    • Online delivery trading on BSE and NSE.
    • Multiple investment products i.e., mutual funds, IPO, etc.
    • Get stock recommendations (Buy, Hold, Sell).
    • Stay informed with news and events.
    • In-depth research reports provided by experts.

    It charges a 0.50% brokerage fee on equity delivery and a one-time processing fee of Rs. 3,500 from NRIs based in UAE, Kuwait, Bahrain, Singapore, and Malaysia.


    How to open Reliance Securities Account online?

    Opening an online account with Reliance Securities is a very simple, easy, and quick process. The 100% digital account opening process takes a few minutes to welcome aboard.

    Steps to open a Reliance Securities Demat & Trading Account Online;

    1. Head to the broker’s official website.
    2. Click on the “Open an Account” option.
    3. Fill out the form by providing details like email, mobile number, PAN number, and DOB as per PAN.
    4. Enter the OTP to validate the information.
    5. Now click on the “Proceed” option to fetch your KYC documents like Aadhaar from Digilocker.
    6. Submit all the KYC documents like PAN Card, ID proof, Address proof, and a canceled cheque.
    7. In-person verification by uploading a few-second video of yourself along with ID proof.
    8. Upon completion of all the steps, the brokerage firm will verify all the documents to open your Demat account and send the demat account number, also called Beneficial Owner Identification Number (BOID) to your email address.
    9. Use the user ID and password received in the welcome email to log in to the reliancesmartmoney TICK platform. Transfer the funds from the linked bank account and start trading and investing in the equities and derivatives segment.

    Note: Submit a copy of income proof along with other documents to trade in the F&O derivative segment.

  • Free Demat Account
  • 100% Free Delivery Trade
  • Online Account Opening
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    Reliance Securities Mobile App and Trading Platforms

    Rated 4 stars Trading Platforms Rated 4/5

    Reliance Securities provides a host of big data and Robo insights-driven TICK trading platforms including a mobile trading app, desktop-based terminal, and a browser-enabled website. The range of free online trading platforms facilitates customers to trade across any devices, they wish to trade. The state-of-art platforms help you to execute your trade seamlessly. Know the prominent features on the platforms offered by the full-service broker.

    Reliance Securities Tick Pro

      Tick Pro mobile app brings the complex stock market trading journey to your fingertips anytime, anywhere. The feature-rich app is empowered with incredible analysis, big data analytics, and Robo insights & strategies. The user-friendly interface makes the Pro app easy to use for traders & investors and also provided great 2-factor authentication security.

      Fast order placement, multiple scanners, real-time price movement, option chain analytics, fundamental stock information, cutting-edge charting tools, technical indicators, in-house research reports, device widgets, and access to market news and events are the unique features of Reliance Securities Tick pro app. Download the Tick Pro online mobile trading app from the play store or the App store now and trade right at your palm.

      Download Tick Pro App on Android Download Tick Pro App on iOS Devices

    Reliance Securities Tick PC

      Tick PC Exe is an advanced Desktop based trading terminal that places orders as fast as a blink of your eye with shortcut keys. You can download the installable desktop software on your device and trade across all segments.

      Tick PC is definitely a great platform for Pro traders or day traders with advanced charting, lots of technical indicators, multiple watchlists, QuickSIP, and also provides historical trade reports.

    Reliance Securities Tick Web

      Tick Web is an advanced web-based HTML browser accessible trading platform that not just provides a seamless trading experience but also assists customers to identify potential stocks. Quick and easy navigation to the dashboard, Market Heatmap, scanners, adding upto 50 scrips in a watchlist, simplified order placement, 360-degree portfolio view, research calls from the in-house team, and bracket order & cover order placement are some of the mind-blowing features available on the platform.

    Reliance Securities Tick Algo

      Tick Algo is a machine-powered automated algo trading platform. The algo platform by Reliance Securities provides pre-defined algorithms, and chart-based trading, and allows customers to customize algo trading strategies. The platform places orders automatically based on the defined strategy without any manual effort.

    For detail review of mobile app and download please visit Reliance Securities Trading Platform Review.


    Reliance Securities Trading Pros

    • 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.

    Reliance Securities Trading Cons

    • 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.

    Reliance Securities Customer Care info

    Reliance Securities provides prompt customer care services both online and offline. The full-service broker provides web support for query resolution, email, telephonic, and web chat support as well. Its customer representative helpdesk is available in the operational timing only (Monday to Friday: 8:00 AM to 8:00 PM, Saturday: 10:00 AM to 4:00 PM) and closed on Sundays and Public Holidays. Thus, it does not provide 24*7 customer support.

    Clients can also visit any of the nearest Reliance Smart Money branches and get an instant solution offline.


    Final thought about Reliance Securities

    Rated 3.5 stars Rated 3.5/5 by 52 users

    Despite offering a dedicated platform to invest across all asset classes, great research & advisory, satisfactory customer support, and an advanced TICK trading platform, the broker has not been able to carve a strong niche in the brokerage space mainly because of brokerage charges. People who want to trade at the lowest flat brokerage can open an account with popular discount brokers like Zerodha, Prostocks, etc.

    Request call back from Zerodha

    Last updated on: 2022-09-01

    Compare Reliance Securities

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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
    avatar
    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