Reliance Securities vs Alice Blue Comparison: 2024
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
About Alice Blue
A Bangalore based discount broker, Alice Blue is working hard to get ahead in the list of discount brokers in India. Of course, it isn't that easy to maintain a stronghold amid other key players in the stock broker world. However, it's brokerage free equity delivery model is catching the attention of potential traders.
Alice Blue is an online stockbroker and one of the oldest stockbrokers in the Indian capital market. This modern, technology-driven firm was incorporated in 2006 with the vision to provide advanced broking services to its clients and stakeholders. The USP of Alice Blue is the cost-free broking solutions they provide. With zero trading charges and dedicated customer support services, Alice Blue Stock Broking firm stands out in the Stock market as exemplary.
Alice Blue: Overview
Founded by Sidhavelayutham M. in Bangalore who is now CEO of the company introduced the concept of professional marketing of broking services
Reliance Securities vs Alice Blue Account Opening Charges: 2024
| Charge | Reliance Securities | Alice Blue |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹950 (One-time) | Equity ₹310, MCX ₹200 & ₹500 All segments |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹400 p.a. | ₹400 |
Reliance Securities vs Alice Blue Brokerage Charges and Plans : 2024
| Charge | Reliance Securities | Alice Blue |
|---|---|---|
| Plan Name | Fixed Online Plan | Freedom 15 Plan |
| Equity Delivery | 0.4%\t | ₹0 |
| Equity Intraday | 0.04%\t | ₹15 per order or 0.01% whichever is lower |
| Equity Futures | 0.04%\t | ₹15 per order or 0.01% whichever is lower |
| Equity Options | Rs 100/Lot | ₹15 per order |
| Currency Futures | 0.04%\t | ₹15 per order or 0.01% whichever is lower |
| Currency Options | Rs 100/Lot | ₹15 per order |
| Commodity Options | N/A | Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order |
| Mutual Fund | N/A | N/A |
Reliance Securities vs Alice Blue Margin / Exposure: 2024
| Segment | Reliance Securities | Alice Blue |
|---|---|---|
| Equity Delivery | Upto 3x | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x |
| Equity Intraday | Upto 10x | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x |
| Equity Future | Upto 3x | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
| Equity Options | Nil | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x |
| Currency Future | Nil | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
| Currency Options | Nil | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x |
| Commodity Future | N/A | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
| Commodity Options | N/A | N/A |