Reliance Securities Review 2020 & Brokerage Charges

 Reliance Securities Review 2020

reliance Securities review 2020

Reliance is one name in India that can be related to every next thing among people. Reliance Securities, a trading extension of Reliance Capital and was set up in the year 2005. Headquartered in Mumbai, Reliance Securities is considered among the best stock brokers in the India with a huge client base and strong franchise network.

Reliance Securities has been in the market for over a decade in Retail and distribution business and amongst top financial services in the nation. The broking firm is known to offer an extensive range of trade & investment products. The best thing is that they have a strong presence across PAN India with more than 1000 offices covering all major cities. Their approach always has and will be customer-centric as they continuously strive to work towards inventing our service and help their clients invest and grow their wealth.

Reliance Securities is a registered member with the NSE & BSE, offering trading facility in equity, derivatives, currency, ETF’s and besides it, it also offers investment in Mutual Funds, NCD/  Bonds , Corporate FD’s, Sovereign gold bonds Portfolio Management services, etc.

The full-service stock broker allows its clients to trade and invest across various segments including:

  • Equity
  • Derivative Trading
  • Commodity Trading
  • Currency Trading
  • Mutual Funds
  • NCDs
  • IPOs
  • Bonds
  • Corporate Fixed Deposits

Some important things about Reliance Securities:

  • 8 lakh+ clients
  • 5 Crore Transactions last year
  • 20,000+ Financial products

Reliance ADA group is counted among top 3 business conglomerates in India with extensive range of presence across diverse sectors. The group’s major interests vary from communications (Reliance Communications) and financial services (Reliance Capital Ltd), to power generation, transmission and distribution (Reliance Energy), infrastructure and entertainment.

 

Membership Information

The membership details of Reliance Securities are given below.

EntityMembership ID
BSEINB011234839
NSEINB231234833
SEBIINH000002384
NSDLIN-DP-NSDL-363-2013
CDSLIN-DP-257-2016
Registered Address11h Floor, R-Tech Park, Nirlon Compound,Western Express Highway, Land mark – Near Hub, behind Oracle Building Goregaon (East), Mumbai – 400063

How to open a Demat Account with Reliance Securities

When it comes to open a trading account with Reliance Securities, the entire process is web-based and quite fast and easy. One just needs to visit reliancesmartmoney.com and jump to the login page, fill in personal information Like email, phone, PAN and Aadhar number for KYC process.

A person needs to provide soft copies of PAN, Aadhar, Digital photo, cancelled cheque and bank statement to complete account opening process. After verification of your information sales team will approve your account. You will get user id and password in welcome kit. This process generally takes approx. 24 hrs.

After getting your welcome kit, you can choose to start trading. Login to reliancesmartmoney.com and do fund transfer in your trading account via your most preferred way. You can go to tick trading platform and start investing/trading. You can invest in Mutual Fund via online MF service. IPO need to apply via ASBA process only and need to use Reliance Securities DP information.

Account Opening Charges

  • Trading Account Opening Charges (One Time): Rs 950
  • Free for individuals working in Top 500 corporates / Free for prepaid accounts
  • Trading Annual maintenance charges (AMC): Rs 0
  • Demat Account Opening Charges (One Time): –

Reliance Securities – Trading Platforms

The full-service broker of India offers a range of trading platforms to meet the diverse trading needs of its clients in the country. It offers desktop-terminal, browser-based and mobile-based trading platforms to its clients that boast of all prominent features. However, there is a big scope of improvement when it comes to deliver outstanding trading experience to its clients. Let’s get to know about them below.

  1. Reliance Securities Tick

Based on Big data analytics, Reliance Securities Tick trading platform a terminal-based trading platform and primarily known for providing robo insights to traders and investors. The primary concept behind Tick is to enable investors get real-time suggestions based on their personal preferences. This ensures minimum wastage on order placement. Some of the big features of this trading platform are:

  • Numerous model screeners with derivative policies, options strategies, recommendations etc.
  • Details regarding Put call ratio, market sentiment, rollover costs, heat maps and more
  • Technical alerts and signals on a real-time basis
  • Watchlists across diverse asset classes under a single screen
  1. Reliance Securities Tick Pro

Reliance Securities Review 2020 Reliance Securities Review

If you’re focus is primarily on derivatives trading, Reliance Securities Tick Pro is a dedicated mobile app for the same. It is an advanced mobile trading app that has been designed to bring in high levels of ease and value to investors putting their money in derivatives.   Some of the major app features include:

  • Market snapshot
  • Options calculator
  • Interactive charts with technical indicators
  1. Reliance Securities Commodities

This mobile app from Reliance Securities enables its clients to trade precisely in the commodities segment. This app allows them to trade along with the following mentioned features:

  • Customizable market watch lists
  • Live streaming of commodity quotes
  • You can place Good till date, Good till cancel orders
  • Real-time charts from MCX and NCDEX
  1. Reliance Securities Insta-Plus

Reliance Review 2020 Reliance Securities Review 2020

Intra plus by Reliance Securities is basically a browser-based trading platform from Reliance securities under which a client just needs to fill in valid login credentials to perform trading. Clients can trade across diverse asset classes with the following features given:

  • Market watch
  • Market reports and tips available on the platform
  • Heatmaps
  • Trend matrix

Please note that the trading platform is not mobile responsive and therefore, is not perfectly meant for mobile trading.

  1. Reliance Securities – RMobile Express

Reliance Securities Review 2020Reliance Securities

RMobile Express is a mobile trading application and allows investors to trade across multiple asset classes such as equity, derivative, currency etc. The mobile app allows clients to:

  • Check and view intraday charts
  • Trade directly across NSE and BSE
  • Check order status with information on net positions and holdings

Reliance Securities Customer Care, Ratings & Review

The full-service stockbroker offers a number of communication channels such as:

  • Phone
  • Offline locations
  • Web assistance
  • Webchat

It gets quite clear from the above details that there is a shortage of communication channels when it comes gets in contact with the customer service of Reliance Securities. The broker has a pre-defined query resolution framework that clearly defines a timeframe for the resolution of a specific query type.

Religare Securities Pricing

The brokerage charges and account opening charges by the stock broker are mentioned below.

Account Opening Charges

  • Trading Account Opening Charges (One Time) Rs 950
  • Trading Annual Maintenance Charges AMC (Yearly Fee) Rs 0
  • Demat Account Opening Charges (One Time) Rs 0
  • Demat Account Annual Maintenance Charges AMC (Yearly Fee) Rs 400

Brokerage Charges

With Reliance Securities, the customers need to pay commission for the buying and selling of stocks. The brokerage charges for equity, commodity and currency derivative are given below.

SegmentBrokerage Fee
Monthly Fee (Fixed)NA
Equity Delivery0.40%
Equity Intraday0.04%
Equity Futures0.04%
Equity Options₹100 per lot
Currency Futures0.04%
Currency Options₹100 per lot
Commodity FuturesNA
Commodity OptionsNA

 

Reliance Securities Brokerage Plan – R Fixed
SegmentBrokerage Fee
Monthly Fee (Fixed)NA
Equity Delivery0.50%
Equity Intraday0.05%
Equity Futures0.05%
Equity Options₹100 per lot
Currency Futures
Currency Options
Commodity Futures
Commodity Options

 

Demat Account Charges

SrParticularsCharges
1Annual Maintenance Charges (AMC)
Individual/ HUFs/ TrustRs 300
NRI/ Foreign NationalsNil
Corporate/ Non IndividualsRs 1000
2Lifetime Free AMC (Refundable deposit)Rs 2500
3Transaction Charges on SELL (Market & Off Market)0.04% of transaction value or minimum of Rs 27 per script
4Dematerialisation
For each request formRs 30
Extra for each certificateRs 5
5RematerialisationRs 40 for 100 securities
6Closure of AccountNil
7Pledge Set Up/Removal/Confirmation/Invocation0.05% of transaction value or min Rs 30
8Failed instruction chargesNil
9Additional Account StatementsRs 40 per statement
10Custody ChargesNil
11Re-issue of DIS bookletRs 50
12Request for Modification of details like Bank Account/ Client address/Nil

 

Transaction Charges

SegmentTransaction Fee
Equity Delivery0.0035%
Equity Intraday0.0035%
Equity Futures0.0033%
Equity Options0.063% on premium
Currency Futures
Currency Options
CommodityNA

 

Reliance Securities Margins

Currency FutureUpto 2x
Currency Options2x for shorting
Commodity FutureUpto 3x
Commodity Options

 

Reliance Securities Research

Being a reputed full-service stockbroker, Reliance Securities is known to conduct deeper research at various levels to its clients and on the basis of their preferences, traders & investors can choose the recommendations to use for their trades. Precisely, this is how the broker provides research to its clients:

  • Investment synopses
  • Research reports (Fundamental call, trade edge, model portfolio, option strategy)
  • Pre-market reports
  • Future & Option calls
  • R-Model portfolio (proprietary service)

In addition, as far as the precision of these recommendations or tips is taken into account, it is anywhere around average and can surely be enhanced from multiple scopes. At the same time, the timing of these tips can be upgraded as well.

If you choose to become a client of Reliance Securities, notifications will be sent via SMS, email and within the trading platforms.

Reliance PMS

Reliance PMS a well-reputed and reliable player in the field of portfolio management services (PMS). The big brand name equity of the firm self exhibits the quality of the services offers by them. It has garnered supreme levels of popularity among the portfolio investors by its best-in-class performance track record particularly in recent times.

Reliance PMS provides two types of PMS services to the clients i.e. Discretionary & Non-discretionary PMS. Both are offers by the stock broker for the satisfaction and convenience of the clients.

Discretionary PMS:

The portfolio manager handles the investment portfolio in this type of PMS service. The fund manager carries the authority to add or remove any product from the portfolio for the great performance of the investment portfolio.

In this portfolio service, a client gets the benefit from the fund manager’s knowledge and experience and the chances of good performance of the portfolio increases.

Non-discretionary PMS:

Under non-discretionary PMS, a client receives the advisory service from the portfolio manager in accordance to the investment portfolio. However, the complete responsibility related to the portfolio lies with the client only.

The client will carry the burden as far as the performance or return is understood. The positive or negative performance of the portfolio will be the outcome of decision making by the client only.

The Conclusion

Reliance Securities is counted among a league of stockbrokers that provide great service and research along with the broadest offline presence and trading products (particularly Reliance Tick Pro, one of the best performing trading applications in the nation) but lacks the edge when it comes to bring in more value for money services.

All the areas where the broker claims to be expert is can be availed at much lower rates at other stockbrokers and hence, Reliance Securities has not been able to carve a niche in the market till date. It is undoubtedly one of the remarkable players in the segment but at the same time, does not add much of the value you may expect upon paying such heavy charges.

 

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Do you want to save 90% brokerage & free demat account
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Do you want to save 90% brokerage & free demat account
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Do you want to save 90% brokerage & free demat account
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Do you want to save 90% brokerage & free demat account
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