Reliance Securities is the trading extension of reliance capital. It was established in 2005. It is known as one of the leading stock brokers in India. With its headquarters in Mumbai, Reliance Securities has garnered a massive client base and boasts a robust franchise network. Read our full Reliance Securities Review to know about its brokerage charges, Demat account, trading platforms and more.
The Reliance Securities review provides an in-depth analysis of one of India’s top stockbrokers. With a strong franchise network and a wide range of investment products, Reliance Securities has gained a reputation for its customer-centric approach and extensive service offerings. The review covers important aspects such as brokerage charges, Demat account services, trading platforms, and more.
It highlights the company’s strengths, including its presence across major cities, membership with NSE and BSE, and the diverse investment opportunities it provides. The review aims to equip readers with valuable insights to make informed decisions when considering Reliance Securities as their preferred brokerage partner.
Customer rating
Reliance Securities has garnered positive customer ratings, with many clients appreciating their customer-centric approach, extensive product offerings, and strong franchise network. Customers have expressed satisfaction with Reliance Securities’ services, highlighting their easy accessibility through multiple branches across India and their commitment to assisting clients in their investment journey.
| Category | Ratings |
|---|---|
| Brokerage charges/fees | 3/5 |
| Trading platforms | 3/5 |
| Products and services offered | 3/5 |
| Average ratings | 3/5 |
| Total reviews | 2651 |
Key strengths of reliance securities
- Strong franchise network: Reliance Securities has a robust franchise network with over 1,000 offices spread across major cities in India. This extensive presence allows them to cater to a wide range of clients and provide personalized services.
- Diverse range of products and services: Reliance securities has a wide range of investment products. These include equity, derivatives, currency, mutual funds, IPOs, bonds, and more. This diverse portfolio of offerings enables clients to access various investment avenues through a single platform.
- Membership with prominent exchanges: Reliance Securities is registered on the National Stock Exchange and the Bombay Stock Exchange. With this clients can trade accross these exchanges with convenience.
- Customer-centric approach: Reliance Securities emphasizes a customer-centric approach, aiming to provide excellent service and help clients invest and grow their wealth. Realiance securities is continuously improving their services and introducing innovative solutions to ensure they meet their clients’ needs.
- Research and recommendations: The company conducts in-depth research and analysis to provide investment recommendations and insights to its clients. This includes fundamental calls, trade edge reports, model portfolios, option strategies, and more. Clients can benefit from these research reports and make informed investment decisions.
- Portfolio management services: Reliance Securities offers portfolio management services to clients, including discretionary and non-discretionary PMS. These services cater to different investor preferences and provide professional management of investment portfolios.
- Technological trading platforms: Reliance Securities offers a range of trading platforms, including Tick, Tick Pro, Commodities, Insta-Plus, and RMobile Express. These platforms provide advanced features, real-time market insights, customizable watchlists, and ease of trading across multiple asset classes.
- Reputed brand name: Reliance Securities is part of the Reliance ADA Group, which is one of the top business conglomerates in India. The brand’s reputation adds credibility and trustworthiness to its services.
Online account opening process
To open a demat account with Reliance Securities, the process is web-based and relatively quick and straightforward. Following are the steps to open an account with reliance securities.
- Begin by visiting the reliancesmartmoney.com website and navigate to the login page. On the website you need to provide your basic details. Such as email address, phone number, PAN, and Aadhar number for the KYC process.
- You’ll need to submit soft copies of essential documents like PAN card, Aadhar card, digital photograph, canceled cheque, and bank statement to complete the account opening procedure.
- Once your information gets verified, the sales team will review your account and then approve it. You will receive a welcome kit containing your user ID and password. Generally this process takes nearly 24 hours.
Reliance securities trading platform /Apps
Reliance Securities offers a robust trading platform and user-friendly mobile apps to cater to the needs of modern traders. All the trading platforms of reliance securities have advanced features, real-time market data, and analytical tools. This empowers traders to make informed decisions. The mobile apps provide convenience and flexibility, allowing traders to monitor their portfolios, execute trades, and stay updated on market trends while on the go.
| Serial no. | Trading platform | Play store link | App store link |
|---|---|---|---|
| 1. | Reliance smart money | https://play.google.com/store/apps/details?id=rs.rsm.com&hl=en&gl=US | https://apps.apple.com/in/app/reliancesmartmoney-com/id1421652181 |
| 2. | Reliance tick pro | https://play.google.com/store/apps/details?id=rs.reliance.com.screen&hl=en&gl=US | https://apps.apple.com/in/app/tick-pro/id1116672661 |
| 3. | Reliance tick pro plus | https://play.google.com/store/apps/details?id=com.rsec.tickproplus&hl=en&gl=US |
Reliance Securities Brokerage charges
Reliance Securities offers competitive brokerage charges, ensuring cost-effectiveness for traders and investors. The specific details of their brokerage charges may vary depending on the type of investment and trading activity.
| Segment | Brokerage charges |
|---|---|
| Monthly fee (fixed) | NA |
| Equity delivery | 0.40% |
| Equity intraday | 0.04% |
| Equity futures | 0.04% |
| Equity options | ₹100 per lot |
| Currency futures | 0.04% |
| Currency options | ₹100 per lot |
| Commodity futures | NA |
| Commodity options | NA |
Reliance Securities Brokerage Plan –
| Segment | Brokerage fee |
|---|---|
| Monthly fee (fixed) | NA |
| Equity delivery | 0.50% |
| Equity intraday | 0.05% |
| Equity futures | 0.05% |
| Equity options | ₹100 per lot |
| Currency futures | NA |
| Currency options | NA |
| Commodity futures | NA |
| Commodity options | NA |
Account opening and demat charges
Account opening charges
| Serial no. | Transaction | Duration | Fee |
|---|---|---|---|
| 1. | Trading account opening charges | One time | Rs 950 |
| 2. | Trading annual maintenance charges | Yearly fee | Free |
Demat account charges
| Serial no. | Particulars | Charges |
|---|---|---|
| 1. | Annual maintenance charges (AMC) | |
| Individual/ HUFs/ Trust | Rs 300 | |
| NRI/ Foreign nationals | Nil | |
| Corporate/ Non-individuals | Rs 1000 | |
| 2. | Lifetime free AMC (Refundable deposit) | Rs 2500 |
| 3. | Transaction charges on SELL (Market & off-market) | 0.04% of transaction value or a minimum of Rs 27 per script |
| 4. | Dematerialization | |
| For each request form | RS 30 | |
| Extra for each certificate | RS 5 | |
| 5. | Rematerialization | Rs 40 for 100 securities |
| 6. | Closure of account | Nil |
| 7. | Pledge set Up/Removal/Confirmation/Invocation | 0.05% of transaction value or min Rs 30 |
| 8. | Failed instruction charges | Nil |
| 9. | Additional account statements | Rs 40 per statement |
| 10. | Custody charges | Nil |
| 11. | Re-issue of DIS booklet | Rs 50 |
| 12. | Request for modification of details like Bank account/ Client address/ | Nil |
Pros and cons for Reliance Securities
Pros
- Expertise and knowledge in financial markets
- Access to a wide range of investment options
- Research reports, market analysis, and recommendations
- Assistance in building a diversified investment portfolio
- Advanced trading platforms and tools
- Personalized service with dedicated account managers or advisors
Cons
- Fees and commissions for their services
- Potential conflicts of interest
- Limited control over the decision-making process
- Possibility of biased recommendations
- Reliance on the broker’s expertise
- Minimum investment requirements
Margins
| Currency future | Upto 2x |
| Currency options | 2x for shorting |
| Commodity future | Upto 3x |
| Commodity options | No margin |
Conclusion – Reliance Securities Review
In conclusion, Reliance Securities is one of the most well-known brokerage firms in India. It offers a range of financial services to its clients. With its strong backing from Reliance Group, the company provides access to diverse investment options and advanced trading platforms. The extensive research and analysis provided by Reliance Securities aid investors in making informed decisions. However, you should consider the fees of all the services, as well as potential conflicts of interest that may arise. Reliance Securities stands as a reliable option for individuals seeking professional brokerage services in the Indian market.