Reliance Securities vs AxisDirect 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

  1. Competitive Brokerage: Provides different competitive brokerage plans suited for different categories of investors and traders
  2. 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
  3. Research: It offers it customers with specialized research report ranging from investment summaries, pre-market reports, futures

About AxisDirect

It is the lineage of the Axis group and a subsidiary of India's third largest private sector bank. Axis direct provides a wide spectrum of investment and trading solutions to over 20 million clients. It won the title of Top Equity broker two years in a row  2018-19 by the BSE outlook. It allows trade via BSE, NSE, MCX and NCDEX exchange.

Axis Direct: Overview

The Mumbai-based subsidiary was started in 2011 by key people of the Axis group, B. Gopkumar (MD) and Anand Shaha (ED). It offers various financial products to its consumers like Mutual funds, SIP, Equity derivatives, IPO, ETFs, Tax Saving , Fixed income etc. With the motto and tagline of #SimpleHai Axis Direct aims to become a key player in the retails broking industry. They are a full-service broker firm  with over 75 branches across India.

In addition to this, Axis direct provides the 3-in-1 account facility which

Reliance Securities vs AxisDirect Account Opening Charges: 2024

ChargeReliance SecuritiesAxisDirect
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹950 (One-time)₹999 (For a 3-in-1 Account)
Trading Account AMC₹0₹0
Demat Account AMC₹400 p.a.₹650 per year (free for 1st year)

Reliance Securities vs AxisDirect Brokerage Charges and Plans : 2024

ChargeReliance SecuritiesAxisDirect
Plan NameFixed Online PlanN/A
Equity Delivery0.4%\t0.50%
Equity Intraday 0.04%\t0.05%
Equity Futures 0.04%\t0.05%
Equity OptionsRs 100/Lot₹0.01 or ₹10 per lot
Currency Futures 0.04%\t0.05%
Currency OptionsRs 100/Lot₹0.01 or ₹10 per lot
Commodity OptionsN/AFutures: 0.03% and Options: ₹50 per lot
Mutual FundN/AN/A

Reliance Securities vs AxisDirect Margin / Exposure: 2024

SegmentReliance SecuritiesAxisDirect
Equity DeliveryUpto 3x 1x
Equity IntradayUpto 10xUpto 10x
Equity FutureUpto 3x 1x
Equity OptionsNil1x
Currency FutureNil1x
Currency OptionsNil1x
Commodity FutureN/A3x
Commodity OptionsN/A1x

Reliance Securities vs AxisDirect Currency Charges and Plans: 2024

Reliance Securities charge 0.04%\t for Currency Futures and Rs 100/Lot for Currency Options whereas AxisDirect Charges 0.05% for Currency futures and ₹0.01 or ₹10 per lot for Currency options.
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