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IIFL Securities Vs Reliance Securities: Which one is better?

Both the brokers are registered with SEBI. IIFL Securities offers investmenet in Equity, F&O, Currency and Commodities, where Reliance Securities offers investment in Equity, F&O and Currency only. The brokerage of IIFL Securities ranges between Rs 20 while the brokerage of Reliance Securities ranges between 0.05 - 0.50%. Both the brokers are Full Service brokers. IIFL Securities is having overall higher rating compare to Reliance Securities. IIFL Securities is rated 4 out of 5 where Reliance Securities is rated only 3.5 out of 5. Number of active customer for IIFL Securities is 4,26,451 where number of active customer for Reliance Securities is 74,804. IIFL Securities is serving more customer compare to Reliance Securities.

Here we present side-by-side comparison of IIFL Securities vs Reliance Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared IIFL Securities vs Reliance Securities's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of IIFL Securities vs Reliance Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared IIFL Securities vs Reliance Securities's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare IIFL Securities vs Reliance Securities on Service

  IIFL Securities Compare
IIFL Securities
Reliance Securities Compare
Reliance Securities
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 4,26,451 74,804
Broker Overview IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,... Know more about IIFL Securities 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 & ...Know more about Reliance Securities
Broker Enquiry Request call back from IIFL Securities Request call back from Zerodha
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Account Opening Charges and AMC

Compare IIFL Securities vs Reliance Securities on Trading & Demat Account Opening Charges

Comparison of IIFL Securities with Reliance Securities on trading & demat account opening charges and AMC. Trading account opening charges - IIFL Securities offer Free account opening where Reliance Securities charges Rs 950 for account opening. Demat AMC charges - IIFL Securities charges Rs 250 PA (Free for 1st year) AMC for Demat account where Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IIFL Securities with Reliance Securities
Charges IIFL Securities Reliance Securities
Trading Account Opening Fees Free Rs 950
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 250 PA (Free for 1st year) Rs 400 PA| Rs. 2,500 (Lifetime Free AMC)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IIFL Securities vs Reliance Securities on Plan Options

Plans are the most important feature you look when compare IIFL Securities with Reliance Securities. This section compare on high level about type of plans offered by brokers. Multiple Plans - Reliance Securities provides Multiple Plans where IIFL Securities doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare IIFL Securities with Reliance Securities on Plan Options
Plan Types IIFL Securities Reliance Securities
Multiple Plans No Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  IIFL Securities Zerodha
Account Opening Request
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Brokerage Charges

Compare IIFL Securities vs Reliance Securities on Brokerage Charges

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.

Reliance Securities Brokerage Plan detail - R-Fixed brokerage plan charges a fixed percentage of brokerage fee on trading across segments and also provides dedicated relationship manager services to help you take informed decisions based on fundamental and technical research reports.

Brokerage Charges - Compare IIFL Securities with Reliance Securities
Brokerage Charges Compare IIFL Securities Reliance Securities
Plan Name IIFL iSERVE Brokerage Plan R-FIXED Online Brokerage Plan (Percentage Based)
Equity Delivery Flat Rs 20 per order 0.50%
Equity Intraday Flat Rs 20 per order 0.05%
Equity Futures Flat Rs 20 per order 0.05%
Equity Options Flat Rs 20 per order Rs 100 Per Lot
Currency Futures Flat Rs 20 per order 0.05%
Currency Options Flat Rs 20 per order Rs 100 Per Lot
Commodity Trading Flat Rs 20 per order Future: 0.05%| Options: Rs 100 per lot
Minimum Brokerage NIL 5 paise per share
Hidden Charges Info Not Available No
Funding Yes - 18% interest PA Yes - 18% interest PA
Call & Trade Charges Rs 50 Per Call + GST Rs 20 per call (Free First 20 call per month)
Auto Square off Charges Rs 50 Per Call + GST Free First 20 call PM and Rs 20 their onwards.
Brokerage Calculator Brokerage Calculator for IIFL Securities Brokerage Calculator for Reliance Securities
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Share Broker's Transaction Charges

Compare IIFL Securities vs Reliance Securities on Transaction Charges

Compare IIFL Securities with Reliance Securities on transaction charges and PCM fee by segment.

Transaction Charges - Compare IIFL Securities with Reliance Securities
Transaction Charges Compare IIFL Securities Reliance Securities
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for iifl-securities Complete Brokerage Plans for reliance-securities
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Account Features

Compare IIFL Securities vs Reliance Securities on Account Features

Compare IIFL Securities with Reliance Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - IIFL Securities with Reliance Securities
Account Features Compare IIFL Securities Reliance Securities
3 in 1 Account No IIFL Securities have 2-in-1 account. Only Demate and Trading account. No IIFL Securities have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL Mobile Application: Rmobile Xpress
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Trading Platform

Compare IIFL Securities vs Reliance Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities and Reliance Securities. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare IIFL Securities with Reliance Securities
Trading Platform Compare IIFL Securities Reliance Securities
Desktop Trading Platform IIFL Trader terminal InstaXpress
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://ttweb.indiainfoline.com http://tick.rsec.co.in/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App IIFL Markets TICK PRO
Mobile Trading App Demo IIFL Markets Demo TICK PRO Demo
Android Mobile App Yes Yes
Android App Download Andriod IIFL Markets Download Andriod TICK PRO Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IIFL Markets Download iOS TICK PRO Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IIFL Securities Equity Intraday and Delivery Brokerage Calculator for Reliance Securities
Futures Brokerage Calculator Futures Brokerage Calculator for IIFL Securities Futures Brokerage Calculator for Reliance Securities
Options Brokerage Calculator Options Brokerage Calculator for IIFL Securities Options Brokerage Calculator for Reliance Securities
Detail Detail on Trading Platforms for iifl-securities Detail on Trading Platforms for reliance-securities

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Broker Ratings by Users

Compare IIFL Securities vs Reliance Securities on User Rating

  IIFL Securities Reliance Securities
  82 Customer Reviews    Rate IIFL Securities 52 Customer Reviews    Rate Reliance Securities
Fees Ratings 3.1 3.5
Trading Brokerage Rating 2.9 3.4
Trading Platform Usability 3.4 3.3
Customer Service Ratings 2.9 3.4
Overall Ratings 2.8 3.4
Broker Rating IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews
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Investment Offerings

Compare IIFL Securities vs Reliance Securities on Investment Offerings

Compare IIFL Securities with Reliance Securities on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers provides PMS Service. You can invest in stocks/equity/bonds using PMS.

Investment Offerings - Compare IIFL Securities with Reliance Securities
Investment Offerings Compare IIFL Securities Reliance Securities
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes Yes
PMS Service Yes Yes
Other Investment Options NIL NIL
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Order Types

Compare IIFL Securities vs Reliance Securities on Order Types

Order Type - Compare IIFL Securities with Reliance Securities on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Reliance Securities provides Bracket Orders (BO) where IIFL Securities doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- IIFL Securities offers Good Till Cancelled (GTC) orders where Reliance Securities doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare IIFL Securities with Reliance Securities
Order Type Compare IIFL Securities Reliance Securities
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare IIFL Securities vs Reliance Securities on Customer Service

Compare IIFL Securities with Reliance Securities on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare IIFL Securities with Reliance Securities
Customer Service Compare IIFL Securities Reliance Securities
24/7 Customer Service IIFL Securities vs Reliance Securities - 24x7 customer support Yes No
Email Support IIFL Securities vs Reliance Securities - Email Support Yes Yes
Onine Live Chat IIFL Securities vs Reliance Securities - Onine Live Chat Yes Yes
Phone Support IIFL Securities vs Reliance Securities - Phone Support Yes Yes
Toll Free Number IIFL Securities vs Reliance Securities - Toll Free Number Yes Yes
Through Branches IIFL Securities vs Reliance Securities - Through Branches Yes Yes
Customer Care Number IIFL Securities vs Reliance Securities - Customer Care Number 022-40071000 022 41596000 | 022 62436000
Account Opening Process IIFL Securities vs Reliance Securities - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email IIFL Securities vs Reliance Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IIFL Securities vs Reliance Securities - Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://www.reliancesmartmoney.com/Insights
Head Office Address IIFL Securities vs Reliance Securities - Head Office Address/Corporate Address IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Reliance Securities Limited,
4th Floor, North Wing,
Reliance Centre, Santacruz East,
Mumbai-MH- 400055
Website IIFL Securities vs Reliance Securities - Company Website https://www.indiainfoline.com/ https://www.reliancesmartmoney.com
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Tips/Research/Reports Published

Compare IIFL Securities vs Reliance Securities on Research Reports, Tips

Compare IIFL Securities with Reliance Securities on research reports and tips provided by the broker.

Research Reports - Compare IIFL Securities with Reliance Securities
  IIFL Securities Reliance Securities
Research Mutual Funds IIFL Securities vs Reliance Securities - Research Mutual Funds Yes Yes
Research Equity Reports IIFL Securities vs Reliance Securities - Research Equity Reports Yes Yes
Research ETF IIFL Securities vs Reliance Securities - Research ETF Yes Yes
Daily Market Report IIFL Securities vs Reliance Securities - Daily Market Report Yes Yes
Free Tips IIFL Securities vs Reliance Securities - Free Tips Yes Yes
Quarterly Result Analysis IIFL Securities vs Reliance Securities - Quarterly Results Yes Yes
News Alerts IIFL Securities vs Reliance Securities - Yes Yes
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Demat Account

Compare IIFL Securities vs Reliance Securities on Demat Account

Compare IIFL Securities with Reliance Securities on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Reliance Securities is ₹300 pa where for IIFL Securities is ₹400 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for IIFL Securities is 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) where for Reliance Securities is 0.04% (Min ₹27) + CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare IIFL Securities with Reliance Securities
  IIFL Securities Reliance Securities
DP Source CDSL CDSL
DP ID IIFL Securities vs Reliance Securities - DP ID 44700 41400
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹300 pa
Advance Deposit Nil Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) 0.04% (Min ₹27) + CDSL charges
Demat ₹15 per certificate + ₹40 courier charges ₹5 per certificate + ₹30 request charges
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges
Pledge Creation ₹50 0.05% of transaction value (Min ₹30)
Pledge Creation Confirmation Nil 0.05% of transaction value (Min ₹30)
Pledge Closure Nil 0.05% of transaction value (Min ₹30)
Pledge Closure Confirmation Nil 0.05% of transaction value (Min ₹30)
Pledge Invocation Nil 0.05% of transaction value (Min ₹30)
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs Reliance Securities on Special Offers and Promotion

Compare IIFL Securities with Reliance Securities on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare IIFL Securities vs Reliance Securities on Special Offers and Promotion
  IIFL Securities Reliance Securities
Pay In and Pay Out Options IIFL Securities vs Reliance Securities - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time IIFL Securities vs Reliance Securities - Payout Time Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. Max 24 hrs except bank holidays
Bank Supported and Charges IIFL Securities vs Reliance Securities - Bank Supported and Charges Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms. Info Not Available
Bank Detail India Infoline Ltd
Account No.:IILEQ1XXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0CMSNOC
RELIANCE SECURITIES LTD
Account No.:9500XXXXXXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
Likes
  • Hassle-free onboarding process at zero paperwork.
  • Zero Demat AMC for 1 year.
  • Lowest brokerage online trading at just Rs. 20/order
  • Free state-of-the-art mobile app, web, and desktop trading software.
  • Paperless mutual fund investment at zero brokerage.
  • Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc.
  • Comprehensive equity and mutual funds research.
  • Pre-IPO apply
  • Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order.
  • Margin trading facility.
  • Blogs and knowledge center for beginners.

Detail Review...

  • 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.

Detail Review...

Dislikes
  • IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility.
  • If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading.

Detail Review...

  • 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.

Detail Review...

Special Offers/Promo
Enquiry Open IIFL Securities Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-14T04:42:55+00:00