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Reliance Securities Vs AxisDirect: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O and Currency. The brokerage of Reliance Securities ranges between 0.05 - 0.50% while the brokerage of AxisDirect ranges between 0.05% to 0.5%. Both the brokers are Full Service brokers. Overall rating for both the brokers are also equal with rating 3.5 out of 5. Number of active customer for AxisDirect is 3,71,589 where number of active customer for Reliance Securities is 72,675. AxisDirect is serving more customer compare to Reliance Securities.

Here we present side-by-side comparison of Reliance Securities vs AxisDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Reliance Securities vs AxisDirect'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 Reliance Securities vs AxisDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Reliance Securities vs AxisDirect'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 Reliance Securities vs AxisDirect on Service

  Reliance Securities Compare
Reliance Securities
AxisDirect Compare
AxisDirect
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? NSE, BSE NSE, BSE
Active Clients 72,675 3,71,589
Broker Overview 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 Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis...Know more about AxisDirect
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

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

Comparison of Reliance Securities with AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - Reliance Securities charges Rs 950 for account opening where AxisDirect charges Rs 999 for account opening. Demat AMC charges - Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) AMC for Demat account where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Reliance Securities with AxisDirect
Charges Reliance Securities AxisDirect
Trading Account Opening Fees Rs 950 Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Reliance Securities vs AxisDirect on Plan Options

Plans are the most important feature you look when compare Reliance Securities with AxisDirect. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy.. Monthly Plans - Both the brokers don't have Monthly Plans.

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

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Reliance Securities vs AxisDirect on Brokerage Charges

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.

AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.

Brokerage Charges - Compare Reliance Securities with AxisDirect
Brokerage Charges Compare Reliance Securities AxisDirect
Plan Name R-FIXED Online Brokerage Plan (Percentage Based) Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery 0.50% 0.50% (Each leg)
Equity Intraday 0.05% 0.05% (Each leg)
Equity Futures 0.05% 0.05% (Each leg)
Equity Options Rs 100 Per Lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures 0.05% 0.05% (Each Leg)
Currency Options Rs 100 Per Lot Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading Future: 0.05%| Options: Rs 100 per lot Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage 5 paise per share NIL
Hidden Charges No No
Funding Yes - 18% interest PA Yes - 18% interest PA
Call & Trade Charges Rs 20 per call (Free First 20 call per month) Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges Free First 20 call PM and Rs 20 their onwards. 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for Reliance Securities Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare Reliance Securities vs AxisDirect on Transaction Charges

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

Transaction Charges - Compare Reliance Securities with AxisDirect
Transaction Charges Compare Reliance Securities AxisDirect
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
Brokerage Charges Complete Brokerage Plans for reliance-securities Complete Brokerage Plans for axisdirect
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Account Features

Compare Reliance Securities vs AxisDirect on Account Features

Compare Reliance Securities with AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - AxisDirect offers 3-in-1 account where Reliance Securities offers only 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 - Reliance Securities with AxisDirect
Account Features Compare Reliance Securities AxisDirect
3 in 1 Account No Reliance Securities have 2-in-1 account. Only Demate and Trading account. Yes, Reliance Securities have 3-in-1 accounts. Bank Account, Demat 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 2:45 PM
NRI Trading Yes Yes
Other Features Mobile Application: Rmobile Xpress NIL
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Trading Platform

Compare Reliance Securities vs AxisDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Reliance Securities and AxisDirect. 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 Reliance Securities with AxisDirect
Trading Platform Compare Reliance Securities AxisDirect
Desktop Trading Platform InstaXpress Ring
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail http://tick.rsec.co.in/ https://login.axisdirect.in/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App TICK PRO AxisDirect Ring Mobile App
Mobile Trading App Demo TICK PRO Demo AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod TICK PRO Download Andriod AxisDirect Ring Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS TICK PRO Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Yes, DirectTrade - Rs 2999 PA
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Reliance Securities Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for Reliance Securities Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for Reliance Securities Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for reliance-securities Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare Reliance Securities vs AxisDirect on User Rating

  Reliance Securities AxisDirect
  52 Customer Reviews    Rate Reliance Securities 6 Customer Reviews    Rate AxisDirect
Fees Ratings 3.5 2.5
Trading Brokerage Rating 3.4 2.0
Trading Platform Usability 3.3 3.2
Customer Service Ratings 3.4 2.7
Overall Ratings 3.4 2.3
Broker Rating Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare Reliance Securities vs AxisDirect on Investment Offerings

Compare Reliance Securities with AxisDirect 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) - Reliance Securities provide PMS Service where AxisDirect doesn't offer

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

Compare Reliance Securities vs AxisDirect on Order Types

Order Type - Compare Reliance Securities with AxisDirect 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 provide Bracket Orders (BO) where AxisDirect 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- AxisDirect offers Good Till Cancelled (GTC) orders where Reliance Securities doesn't support Good Till Cancelled (GTC) orders.

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

Compare Reliance Securities vs AxisDirect on Customer Service

Compare Reliance Securities with AxisDirect 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 Reliance Securities with AxisDirect
Customer Service Compare Reliance Securities AxisDirect
24/7 Customer Service Reliance Securities vs AxisDirect - 24x7 customer support No No
Email Support Reliance Securities vs AxisDirect - Email Support Yes Yes
Onine Live Chat Reliance Securities vs AxisDirect - Onine Live Chat Yes Yes
Phone Support Reliance Securities vs AxisDirect - Phone Support Yes Yes
Toll Free Number Reliance Securities vs AxisDirect - Toll Free Number Yes Yes
Through Branches Reliance Securities vs AxisDirect - Through Branches Yes Yes
Customer Care Number Reliance Securities vs AxisDirect - Customer Care Number 022 41596000 | 022 62436000 022-61480808
Account Opening Process Reliance Securities vs AxisDirect - Account Opening Process Online/Paperless Online
Customer Support Email Reliance Securities vs AxisDirect - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Reliance Securities vs AxisDirect - Knowledge Center/Education https://www.reliancesmartmoney.com/Insights https://simplehai.axisdirect.in/learn/overview
Head Office Address Reliance Securities vs AxisDirect - Head Office Address/Corporate Address Reliance Securities Limited,
4th Floor, North Wing,
Reliance Centre, Santacruz East,
Mumbai-MH- 400055
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website Reliance Securities vs AxisDirect - Company Website https://www.reliancesmartmoney.com https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare Reliance Securities vs AxisDirect on Research Reports, Tips

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

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

Compare Reliance Securities vs AxisDirect on Demat Account

Compare Reliance Securities with AxisDirect 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 AxisDirect is ₹500 pa where for Reliance Securities is ₹300 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 Reliance Securities is 0.04% (Min ₹27) + CDSL charges where for AxisDirect is ₹10.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 Reliance Securities with AxisDirect
  Reliance Securities AxisDirect
DP Source CDSL CDSL
DP ID Reliance Securities vs AxisDirect - DP ID 41400 49200
Demat Account Annual Maintenance Charges(AMC) ₹300 pa ₹500 pa
Advance Deposit Nil Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹27) + CDSL charges ₹10
Demat ₹5 per certificate + ₹30 request charges ₹3 per certificate
Remat ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges ₹10 for every hundred securities (Min ₹10)
Pledge Creation 0.05% of transaction value (Min ₹30) ₹25
Pledge Creation Confirmation 0.05% of transaction value (Min ₹30) ₹25
Pledge Closure 0.05% of transaction value (Min ₹30) ₹25
Pledge Closure Confirmation 0.05% of transaction value (Min ₹30) ₹25
Pledge Invocation 0.05% of transaction value (Min ₹30) Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Reliance Securities vs AxisDirect on Special Offers and Promotion

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

Compare Reliance Securities vs AxisDirect on Special Offers and Promotion
  Reliance Securities AxisDirect
Pay In and Pay Out Options Reliance Securities vs AxisDirect - Pay In and Pay Out Options 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
Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Reliance Securities vs AxisDirect - Payout Time Max 24 hrs except bank holidays Instant to Axis Bank.
Bank Supported and Charges Reliance Securities vs AxisDirect - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail RELIANCE SECURITIES LTD
Account No.:9500XXXXXXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
Direct from your Axis bank account.
Likes
  • 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...

  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

Detail Review...

Dislikes
  • 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...

  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

Detail Review...

Special Offers/Promo Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-13T01:50:30+00:00