Reliance Securities vs Fyers 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 Fyers
Fyers Securities is a team of young, enthusiastic business people with over 10 years of trading and security industry experience. They are also associated with IL&FS Securities Services Limited for their demat account services and mutual fund services.
One interesting fact about this stock broker is that it pioneered a new method in investing stock called ‘Themed Investment’ providing the ability to invest in similar category of stocks. The closest similar practice would be with Exchange Traded Funds (ETFs). However, Thematic Investment offers more flexibility than ETFs, because the companies to invest in a particular theme are identified by the broker, even the community sometimes.
Fyers : Overview
Based out of Bangalore, Karnataka, Fyers was launched in 2015, and in this limited time period, it has become one of the popular discount brokers in India. Found by Tejas Khoday, Shreyas Khodey & Yashas Khodey, FYERS is basically an acronym for ‘Focus Your
Reliance Securities vs Fyers Account Opening Charges: 2024
| Charge | Reliance Securities | Fyers |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹950 (One-time) | ₹400 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹400 p.a. | ₹300 |
Reliance Securities vs Fyers Brokerage Charges and Plans : 2024
| Charge | Reliance Securities | Fyers |
|---|---|---|
| Plan Name | Fixed Online Plan | Flat Fee Plan |
| Equity Delivery | 0.4%\t | ₹0 |
| Equity Intraday | 0.04%\t | ₹20 per executed order or 0.03% whichever is less |
| Equity Futures | 0.04%\t | ₹20 per executed order or 0.03% whichever is less |
| Equity Options | Rs 100/Lot | ₹20 per executed order |
| Currency Futures | 0.04%\t | ₹20 per executed order or 0.03% whichever is less |
| Currency Options | Rs 100/Lot | ₹20 per executed order |
| Commodity Options | N/A | Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order |
| Mutual Fund | N/A | N/A |
Reliance Securities vs Fyers Margin / Exposure: 2024
| Segment | Reliance Securities | Fyers |
|---|---|---|
| Equity Delivery | Upto 3x | 1x |
| Equity Intraday | Upto 10x | Upto 5x |
| Equity Future | Upto 3x | Upto 4x |
| Equity Options | Nil | Upto 5x |
| Currency Future | Nil | Upto 3x |
| Currency Options | Nil | Upto 3x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | Upto 3x |