5paisa vs Reliance Securities Comparison: 2024
About 5paisa
A successful discount broker in India, 5 paisa provides different trading and investing services across various segments. Its parent company is IIFL that has built a great name in the retail broking industry.
5Paisa: Overview
5paisa Capital Ltd. is a new age company that believes in making the entire process of getting started with trading as simple as possible, offering account opening in three simple steps. One of the leading stockbrokers in India, 5paisa Capital Ltd is publicly-traded, and managed by IIFL founders. This provides the company with valuable experience in the financial markets coupled with its expertise in simplifying the trading experience has enabled it to offer best-in-class services at an extremely low cost.
Based out of Mumbai, 5paisa.com commenced operations in March 2016 and since then has become 2nd largest discount stock broker in India (As on Dec 2018). It is listed on both BSE as well as NSE.
The
About Reliance Securities
Reliance securities also called Reliance Smart Money is a full-service online trading and investment platform and is the broking arm of Reliance Capital. So, let's have a look at Reliance Securities Features, reviews, trading account opening and Brokerage Charges. Reliance Securities started its operation in 2005. It has a strong presence across the country with 1000+ offices serving 8 Lakh customers.
Reliance Securities offers services in:
- Equities
- NCDs/Bonds
- Sovereign Gold Bond
- IPOs
- Mutual Funds
- Derivatives
- Currency
- Corporate FDs
- Insurance Products
- Securities Lending & Borrowing
- Auction Market Participation
Features of Reliance Securities
- Competitive Brokerage: Provides different competitive brokerage plans suited for different categories of investors and traders
- Smart Trading Platforms: Offers a wide range of user-friendly trading platforms from browser-based platform to application based for both computer and mobile devices. It also offers call and trade facility to its customers
- Research: It offers it customers with specialized research report ranging from investment summaries, pre-market reports, futures
5paisa vs Reliance Securities Account Opening Charges: 2024
| Charge | 5paisa | Reliance Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | ₹650 | ₹950 (One-time) |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹400 p.a. |
5paisa vs Reliance Securities Brokerage Charges and Plans : 2024
| Charge | 5paisa | Reliance Securities |
|---|---|---|
| Plan Name | Optimum Plan | Fixed Online Plan |
| Equity Delivery | ₹20 per trade | 0.4%\t |
| Equity Intraday | ₹20 per trade | 0.04%\t |
| Equity Futures | ₹20 per trade | 0.04%\t |
| Equity Options | ₹20 per trade | Rs 100/Lot |
| Currency Futures | ₹20 per trade | 0.04%\t |
| Currency Options | ₹20 per trade | Rs 100/Lot |
| Commodity Options | ₹20 per trade | N/A |
| Mutual Fund | N/A | N/A |
5paisa vs Reliance Securities Margin / Exposure: 2024
| Segment | 5paisa | Reliance Securities |
|---|---|---|
| Equity Delivery | Upto 4x | Upto 3x |
| Equity Intraday | Upto 20x | Upto 10x |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | Upto 3x |
| Equity Options | Intra-day: 1x | Carry forward: 1x | Nil |
| Currency Future | Intra-day: 1 time | Carry forward: 1x | Nil |
| Currency Options | Intra-day: 1x | Carry forward: 1x | Nil |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |