Reliance Securities Review 2023

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Reliance Securities Brokerage Plan, Fees and Charges

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 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
Rating

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.

Reliance Securities Mobile App and Trading Platforms

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.

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.

• Reliance Securities Customer Care Phone Number: 022 41596000 | 022 62436000
• Reliance Securities Customer Support Email: [email protected]
• Reliance Securities Knowledge Center: https://www.reliancesmartmoney.com/Insights

Final thought about Reliance Securities

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.

Reliance Securities Limited User Reviews