ICICI Direct vs Reliance Securities Comparison: 2024
About ICICI Direct
ICICI Direct is a retail broking branch of the ICICI group: India's top financial services provider. It is a full-time stockbroking company with a presence in 87 locations across the country with more 200 offices serving over 20 lakh customers every day. It is the 2nd largest stock broking company in India succeeded by Zerodha Ltd. This retail trading and investment platform offers a wide range of services to invest in stocks and other financial instruments.
ICICI Direct: Overview
The online share trading platform provides a complete investing and trading solution via products like equity trading, derivative trading, mutual funds, bonds, IPOs, NCD, loans, Fixed deposits , insurance etc all in one platform.From complete financial goal based planning to intraday trading in the stock market, ICICI direct is a one-stop solution.
The USP of this firm is the 3-in-1 account service which includes ICICI bank account, trading account and Demat account for
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
ICICI Direct vs Reliance Securities Account Opening Charges: 2024
| Charge | ICICI Direct | Reliance Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹975 (One-time) | ₹950 (One-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹700 per year | ₹400 p.a. |
ICICI Direct vs Reliance Securities Brokerage Charges and Plans : 2024
| Charge | ICICI Direct | Reliance Securities |
|---|---|---|
| Plan Name | I-Secure Plan | Fixed Online Plan |
| Equity Delivery | 0.55% | 0.4%\t |
| Equity Intraday | 0.275% | 0.04%\t |
| Equity Futures | 0.050% | 0.04%\t |
| Equity Options | ₹95 per lot and Option (Intraday) ₹50 per lot | Rs 100/Lot |
| Currency Futures | 0.050% and Currency Futures(Intraday) ₹50 | 0.04%\t |
| Currency Options | ₹25 per lot and Currency Options (Intraday) ₹10 per lot | Rs 100/Lot |
| Commodity Options | N/A | N/A |
| Mutual Fund | N/A | N/A |
ICICI Direct vs Reliance Securities Margin / Exposure: 2024
| Segment | ICICI Direct | Reliance Securities |
|---|---|---|
| Equity Delivery | 5x | Upto 3x |
| Equity Intraday | Upto 25x | Upto 10x |
| Equity Future | 4x | Upto 3x |
| Equity Options | 2x for shorting | Nil |
| Currency Future | N/A | Nil |
| Currency Options | N/A | Nil |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |