Reliance Securities vs Finvasia 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 Finvasia
Finvasia, a financial services company providing a wide array of services in the the financial sector. With Finvasia Securities having its base in Chandigarh, it's an emerging platform to join the race of discount brokers in India.
Finvasia is an international wealth management and broking fintech company rapidly growing in the Indian arena. this technology-driven Firm offers a very diversified business model ranging from capital market advisory to commodity broking and everything in between. With the aim To promote direct investments, It currently operates in 14 countries including Australia, Brazil, Canada, London, and others. The Indian office of the broker is situated in Chandigarh.
Finvasia: an overview
Finvasia was founded by Ex-wall street professionals Sarvjeet Singh Virk and Tajinder Singh Virk in 2009 in Canada. The brother duo initially came to India as Foreign institutional investors(FII) but soon realized the need to create financial solutions for the Indian investor. The company provides
Reliance Securities vs Finvasia Account Opening Charges: 2024
| Charge | Reliance Securities | Finvasia |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹950 (One-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹400 p.a. | ₹0 (Free) |
Reliance Securities vs Finvasia Brokerage Charges and Plans : 2024
| Charge | Reliance Securities | Finvasia |
|---|---|---|
| Plan Name | Fixed Online Plan | Standard |
| Equity Delivery | 0.4%\t | ₹0 |
| Equity Intraday | 0.04%\t | ₹0 |
| Equity Futures | 0.04%\t | ₹0 |
| Equity Options | Rs 100/Lot | ₹0 |
| Currency Futures | 0.04%\t | ₹0 |
| Currency Options | Rs 100/Lot | ₹0 |
| Commodity Options | N/A | ₹0 |
| Mutual Fund | N/A | N/A |
Reliance Securities vs Finvasia Margin / Exposure: 2024
| Segment | Reliance Securities | Finvasia |
|---|---|---|
| Equity Delivery | Upto 3x | 1x |
| Equity Intraday | Upto 10x | Upto 10x |
| Equity Future | Upto 3x | 2x |
| Equity Options | Nil | 1x |
| Currency Future | Nil | 1x |
| Currency Options | Nil | 1x |
| Commodity Future | N/A | 2x |
| Commodity Options | N/A | 1x |