Reliance Securities vs IDBI Direct 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 IDBI Direct
IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
Reliance Securities vs IDBI Direct Account Opening Charges: 2024
| Charge | Reliance Securities | IDBI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹950 (One-time) | ₹500 (one-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹400 p.a. | ₹450 p.a. |
Reliance Securities vs IDBI Direct Brokerage Charges and Plans : 2024
| Charge | Reliance Securities | IDBI Direct |
|---|---|---|
| Plan Name | Fixed Online Plan | Standard Plan |
| Equity Delivery | 0.4%\t | 0.50% |
| Equity Intraday | 0.04%\t | 0.05% |
| Equity Futures | 0.04%\t | 0.05% |
| Equity Options | Rs 100/Lot | ₹100 per lot |
| Currency Futures | 0.04%\t | N/A |
| Currency Options | Rs 100/Lot | N/A |
| Commodity Options | N/A | N/A |
| Mutual Fund | N/A | N/A |
Reliance Securities vs IDBI Direct Margin / Exposure: 2024
| Segment | Reliance Securities | IDBI Direct |
|---|---|---|
| Equity Delivery | Upto 3x | Nil |
| Equity Intraday | Upto 10x | Upto 4x |
| Equity Future | Upto 3x | Nil |
| Equity Options | Nil | Nil |
| Currency Future | Nil | N/A |
| Currency Options | Nil | N/A |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |