FREE Account Opening + Zero AMC Fees* + MutualFund SIP1

Reliance Securities Review 2023

Rated 3.5/5 by InvestorGain Team
Last updated on: 13-Sep-2023
Reliance Securities Limited Review
  1. Ranked #1 Broker in India
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

Reliance Securities Review 2023 - 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.

Reliance Securities Top Highlight for 2023

  • 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 2023 including account opening fees, brokerage charges, trading platforms, customer care details, and pros & cons uncovered.

Zerodha Promotion Offer

Current promotion offer from Zerodha for InvestorGain Visitors:

  • Free Delivery Trading
  • Max Rs. 20 per order brokerage on intraday,F&O,Commodities and Currency
  • Free Direct Mutual Funds and IPO Investment
  • Kite & Coin - Number one Trading platform and Mobile App

Open Instant Zerodha Account Now!

Request call back from Zerodha

Reliance Securities Brokerage Plan, Fees and Charges

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 20
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 20 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 20 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 20 whichever is lower
Equity Options Rs 100 Per Lot Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
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

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.

  1. Free Demat Account
  2. 100% Free Delivery Trade
  3. Online Account Opening

Alternatives to Reliance Securities

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Reliance Securities Mobile App and Trading Platforms

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 3.5/5 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: 2023-09-13

Compare Reliance Securities

Find out how Reliance Securities stacks up against other brokers
Compare Reliance Securities Vs 5paisaCompare Reliance Securities Vs Zerodha
Compare Reliance Securities Vs Nuvama WealthCompare Reliance Securities Vs Paytm Money
Compare Reliance Securities Vs ProStocksCompare Reliance Securities Vs Espresso Sharekhan
Compare Reliance Securities Vs Angel OneCompare Reliance Securities Vs Upstox
Compare Reliance Securities Vs SAMCOCompare Reliance Securities Vs Fyers
Compare Reliance Securities Vs Alice BlueCompare Reliance Securities Vs Finvasia
Compare Reliance Securities Vs SharekhanCompare Reliance Securities Vs TradePlusOnline
Compare Reliance Securities Vs ICICIDirectCompare Reliance Securities Vs HDFC Sky
Compare Reliance Securities Vs Aditya Birla MoneyCompare Reliance Securities Vs SAS Online
Compare Reliance Securities Vs TradeSmartCompare Reliance Securities Vs Kotak Securities
Compare Reliance Securities Vs GeojitCompare Reliance Securities Vs IIFL Securities
Compare Reliance Securities Vs VenturaCompare Reliance Securities Vs AxisDirect
Compare Reliance Securities Vs SBICAP SecuritiesCompare Reliance Securities Vs Motilal Oswal
Compare Reliance Securities Vs SMC GlobalCompare Reliance Securities Vs Anand Rathi
Compare Reliance Securities Vs Bonanza PortfolioCompare Reliance Securities Vs Mangal Keshav
Compare Reliance Securities Vs Marwadi GroupCompare Reliance Securities Vs Monarch Networth
Compare Reliance Securities Vs Sushil FinanceCompare Reliance Securities Vs Religare Broking
Compare Reliance Securities Vs IDBI DirectCompare Reliance Securities Vs Dhan
Compare Reliance Securities Vs Arihant CapitalCompare Reliance Securities Vs Nirmal Bang
Compare Reliance Securities Vs Indira SecuritiesCompare Reliance Securities Vs Stoxkart
Compare Reliance Securities Vs Groww

Reliance Securities Limited User Reviews

13. RABI NARAYAN PATTNAIK Aug 14 2023 11:34:28 AM Reply
12. s k jain May 09 2023 05:03:49 PM Reply
regarding brokerage and amc charges
11. Ashutosh Goel Jul 29 2022 05:42:06 AM Reply
Excellent Service,Future oriented reliable broker.


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
10. S. M SHINDE Aug 06 2020 07:11:26 PM Reply
9. raja koteswar rao k Mar 02 2019 03:07:21 PM Reply
I want to know some details about my account.
8. Bharti patel Dec 27 2018 05:02:02 PM Reply
I want to know office adress for reliance securities ltd at bharuch
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.



Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
6. Kapil Jain Feb 25 2018 05:04:52 PM Reply
Like Trading Platform
Dislike Brokerage, Customer Service.


Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Below Average
Overall Experience - Below Average
5. Alok singh Feb 10 2018 04:45:54 PM Reply
I am coustmer of RSL


Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Average
4. Mohil Davera Feb 07 2018 01:57:27 PM Reply
Its awesome!!!!!


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent