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Nuvama Wealth Vs Reliance Securities Vs Upstox: Which one is better?

The brokerage of Nuvama Wealth ranges between Rs 10, the brokerage of Reliance Securities ranges between 0.05 - 0.50%, while the brokerage of Upstox ranges between Rs 20. The broker Nuvama Wealth and Upstox are discount brokers where Reliance Securities is a full service broker. Overall rating for Nuvama Wealth is 3.5, Reliance Securities is rated 3.5, Upstox is rated 4.5 out of 5.

Here we present side-by-side comparison of Nuvama Wealth vs Reliance Securities vs Upstox stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Nuvama Wealth vs Reliance Securities vs Upstox on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Nuvama Wealth vs Reliance Securities vs Upstox in this setion with 360 degree view of broker information.

Compare 2 Brokers

Compare Nuvama Wealth vs Reliance Securities vs Upstox on Service

  Nuvama Wealth Compare
Nuvama Wealth		 Reliance Securities Compare
Reliance Securities		 Upstox Compare
Upstox
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Full Service Broker Discount Broker
Exchanges Supported BSE, NSE, MCX, NCDEX NSE, BSE NSE, BSE, MCX
Broker Overview One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Nuvama Wealth Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the i... Know more about Nuvama Wealth 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 Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India.
Broker Enquiry Request call back from Zerodha Request call back from Upstox Request call back from Nuvama Wealth
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Account Opening Charges and AMC

Compare Nuvama Wealth vs Reliance Securities vs Upstox on Trading & Demat Account Opening Charges

In this section we have compared Nuvama Wealth vs Reliance Securities vs Upstox on trading & demat account opening charges and AMC. Trading account opening charges - Nuvama Wealth charges Free for account opening, Reliance Securities charges Rs 950 for account opeing, and Upstox charges Promotion offer: Free for account opeing. Demat AMC charges - Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] as AMC for Demat account, Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) AMC for Demat account, where Upstox charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Nuvama Wealth vs Reliance Securities vs Upstox
Charges Nuvama Wealth Reliance Securities Upstox
Trading Account Opening Fees Free Rs 950 Promotion offer: Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) Free
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Nuvama Wealth vs Reliance Securities vs Upstox on Plan Options

Plans are the most important feature you look when compare Nuvama Wealth vs Reliance Securities vs Upstox. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Nuvama Wealth and Reliance Securities offers Multiple Plans where Upstox doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare Nuvama Wealth vs Reliance Securities vs Upstox on Plan Options
Plan Types Nuvama Wealth Reliance Securities Upstox
Multiple Plans Yes Yes No
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Zerodha Upstox Nuvama Wealth
Account Opening Request
Open Zerodha Account Now>>
Open Upstox Account Now>>
Open Nuvama Wealth Account Now>>
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Brokerage Charges

Compare Nuvama Wealth vs Reliance Securities vs Upstoxon Brokerage Charges

Nuvama Wealth Brokerage Plan detail - This plan is available to Online users only. With this plan, Nuvama Wealth is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this plan.

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.

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.

Brokerage Charges - Compare Nuvama Wealth vs Reliance Securities vs Upstox
Brokerage Charges Compare Nuvama Wealth Reliance Securities Upstox
Plan Name Nuvama Lite R-FIXED Online Brokerage Plan (Percentage Based) Max Rs 20 Per Order Trading Plan
Equity Delivery Flat Rs. 10 per executed order 0.50% 2.5% or Rs 20 whichever is lower
Equity Intraday Flat Rs. 10 per executed order 0.05% 0.05% or Rs 20 whichever is lower
Equity Futures Flat Rs. 10 per executed order 0.05% 0.05% or Rs 20 whichever is lower
Equity Options Flat Rs. 10 per executed order Rs 100 Per Lot Flat Fee Rs 20
Currency Futures Flat Rs. 10 per executed order 0.05% 0.05% or Rs 20 whichever is lower
Currency Options Flat Rs. 10 per executed order Rs 100 Per Lot Flat Fee Rs 20
Commodity Trading 0.01% Future: 0.05%| Options: Rs 100 per lot Flat Fee Rs 20
Minimum Brokerage 5 paise per share
Hidden Charges Info Not Available No
Call & Trade Charges Rs 20 per call Rs 20 per call (Free First 20 call per month) Rs 50 + 18% GST
Auto Square off Charges Rs 20 Free First 20 call PM and Rs 20 their onwards. Rs 50 + 18% GST
Brokerage Calculator Brokerage Calculator for Nuvama Wealth Brokerage Calculator for Reliance Securities Brokerage Calculator for Upstox
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Share Broker's Transaction Charges

Compare Nuvama Wealth vs Reliance Securities vs Upstox on Transaction Charges

Compare Nuvama Wealth vs Reliance Securities vs Upstox on transaction charges and PCM fee by segment.

Transaction Charges - Compare Nuvama Wealth vs Reliance Securities vs Upstox
Transaction Charges Compare Nuvama Wealth Reliance Securities Upstox
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr 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 NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE 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 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 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 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 Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for nuvama-wealth Complete Brokerage Plans for reliance-securities Complete Brokerage Plans for upstox
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Account Features

Compare Nuvama Wealth vs Reliance Securities vs Upstox on Account Features

Compare Nuvama Wealth vs Reliance Securities vs Upstox on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 Account where Nuvama Wealth and Reliance Securities offers only 2-in-1 account which includes trading and demat account. Margin Funding -All 3 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - Nuvama Wealth and Reliance Securities offers NRI Trading where Upstox doesn't offers NRI Trading.

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

Compare Nuvama Wealth vs Reliance Securities vs Upstoxon Trading Platform

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

Trading Platform - Compare Nuvama Wealth vs Reliance Securities vs Upstox
Trading Platform Compare Nuvama Wealth Reliance Securities Upstox
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://tlounge.edelweiss.in/Login

http://tick.rsec.co.in/

https://pro.upstox.com/
Web Trading Demo Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App Nuvama Mobile Trader TICK PRO Upstox
Mobile Trading App Demo Nuvama Mobile Trader Demo TICK PRO Demo Upstox Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod Nuvama Mobile Trader Download Andriod TICK PRO Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS Nuvama Mobile Trader Download iOS TICK PRO Download iOS Upstox Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth Equity Intraday and Delivery Brokerage Calculator for Reliance Securities Equity Intraday and Delivery Brokerage Calculator for Upstox
Futures Brokerage Calculator Futures Brokerage Calculator for Nuvama Wealth Futures Brokerage Calculator for Reliance Securities Futures Brokerage Calculator for Upstox
Options Brokerage Calculator Options Brokerage Calculator for Nuvama Wealth Options Brokerage Calculator for Reliance Securities Options Brokerage Calculator for Upstox
Detail Detail on Trading Platforms for nuvama-wealth Detail on Trading Platforms for reliance-securities Detail on Trading Platforms for upstox

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Broker Ratings by Users

Compare Nuvama Wealth vs Reliance Securities vs Upstox on User Rating

  Nuvama Wealth Reliance Securities Upstox
  20 Customer Reviews    Rate Nuvama Wealth 52 Customer Reviews    Rate Reliance Securities 12 Customer Reviews    Rate Upstox
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Nuvama Wealth is Rated 0.4 / 5 based on 20 customer reviews Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews Upstox is Rated 3.7 / 5 based on 12 customer reviews
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Investment Offerings

Compare Nuvama Wealth vs Reliance Securities vs Upstox on Investment Offerings

Compare Nuvama Wealth vs Reliance Securities vs Upstox 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - Nuvama Wealth and Reliance Securities offers PMS facility where Upstox doesn't offers PMS facility.

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

Compare Nuvama Wealth vs Reliance Securities vs Upstox on Order Types

Order Type - Compare Nuvama Wealth vs Reliance Securities vs Upstox on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - All 3 brokers doesn't have Cover Orders (CO) facility. Bracket Orders (BO) - All 3 brokers doesn't have Bracket Orders (BO) facility. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - Upstox offers Good Till Cancelled (GTC) orders facility where Nuvama Wealth and Reliance Securities doesn't provides GTC.

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

Compare Nuvama Wealth vs Reliance Securities vs Upstox on Customer Service

Compare Nuvama Wealth vs Reliance Securities vs Upstox on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare Nuvama Wealth vs Reliance Securities vs Upstox
Customer Service Compare Nuvama Wealth Reliance Securities Upstox
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat No Yes Yes
Phone Support Yes Yes Yes
Toll Free Number Yes Yes No
Through Branches Yes Yes Yes
Customer Care Number 1800 102 3335 022 41596000 | 022 62436000 +91 22 6130 9999
Account Opening Process Online/Paperless Online/Paperless Online/Paperless
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://www.nuvamawealth.com/investology https://www.reliancesmartmoney.com/Insights https://upstox.com/help-center/
Head Office Address Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098		 Reliance Securities Limited,
4th Floor, North Wing,
Reliance Centre, Santacruz East,
Mumbai-MH- 400055		 Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Website https://www.nuvamawealth.com/ https://www.reliancesmartmoney.com https://upstox.com/
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Tips/Research/Reports Published

Compare Nuvama Wealth vs Reliance Securities vs Upstox on Research Reports, Tips

Compare Nuvama Wealth vs Reliance Securities vs Upstox on research reports and tips provided by broker.

Research Reports - Compare Nuvama Wealth vs Reliance Securities vs Upstox
  Nuvama Wealth Reliance Securities Upstox
Research Mutual Funds Yes Yes No
Research Equity Reports Yes Yes No
Research ETF Yes Yes No
Daily Market Report Yes Yes No
Free Tips Yes Yes No
Quarterly Result Analysis Yes Yes No
News Alerts Yes Yes No
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Demat Account

Compare Nuvama Wealth vs Reliance Securities vs Upstox on Demat Account

Compare Nuvama Wealth vs Reliance Securities vs Upstox on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Nuvama Wealth vs Reliance Securities vs Upstox
  Nuvama Wealth Reliance Securities Upstox
DP Source CDSL CDSL CDSL
DP ID 32300 41400 81800
Demat Account Annual Maintenance Charges(AMC) Free (₹1500 one time charges) ₹300 pa ₹300 PA
Advance Deposit NIL Nil NIL
Statutory charges Nil Nil Nil
Transaction Charges on Debit (Per ISIN) 0.02% of transaction value or ₹20 per transaction whichever is higher 0.04% (Min ₹27) + CDSL charges ₹13 + ₹5.50 CDSL charges
Demat ₹2 per certificate + ₹30 courier charges ₹5 per certificate + ₹30 request charges ₹20 + ₹50 courier charges
Remat ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges ₹100 for every hundred securities or ₹25 per certificate (whichever is higher)
Pledge Creation 0.02% of transaction value (Min ₹50) 0.05% of transaction value (Min ₹30) 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Creation Confirmation Nil 0.05% of transaction value (Min ₹30) 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure 0.02% of transaction value (Min ₹50) 0.05% of transaction value (Min ₹30) 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Confirmation Nil 0.05% of transaction value (Min ₹30) 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Invocation 0.02% of transaction value (Min ₹50) 0.05% of transaction value (Min ₹30) 0.05% of the transaction value (Min ₹50)
Failed Instruction Charges Nil Nil ₹50
Other Charges
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Special Offers,Advantages,Disadvantages

Compare Nuvama Wealth vs Reliance Securities vs Upstox on Special Offers and Promotion

Compare Nuvama Wealth vs Reliance Securities vs Upstox on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Nuvama Wealth vs Reliance Securities vs Upstox on Special Offers and Promotion
  Nuvama Wealth Reliance Securities Upstox
Pay In and Pay Out Options
Payout Time
Bank Supported and Charges
Bank Detail
Likes
  • Multiple products; equity, derivatives, IPO, mutual funds, bonds, debt instruments.
  • Trade at Rs 10/order flat brokerage
  • Free Guided Portfolio, an expert-curated basket for investors
  • User-friendly interface of Markets mobile app and TX3 terminal
  • Get free expert research reports and trading tips.
  • Place bracket order, cover order, and GTD order.
  • Investology, is a stock market learning platform for beginners to experts.
  • Margin trading facility.
  • Decent physical presence with branches

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...

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

Detail Review...
Dislikes
  • NRI trading is not offered.
  • No 3-in-1 account opening services
  • Call & trade and research services are available at additional cost in Lite plan.
  • Brokerage charges are high in the Elite % based pricing plan.

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...

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

Detail Review...
Special Offers/Promo Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquire for Nuvama Wealth Enquire for Reliance Securities Enquire for Upstox

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