Reliance Securities vs IIFL Securities 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 IIFL Securities
IIFL Securities is one of the leading broking firms in India with a financial parent body, IIFL group. Founded in 1995 by Nirmal Jain, this group is a renounced financial service provider with a variety of products and services. From broking to wealth management, India Infoline group has spread its arms in all possible financial sectors and has also bagged multiple awards for the same all these years.
In this article, we will cover a complete review of the broking sector of IIFL, its charges, steps to open an account, and the software it provides.
India Infoline Securities: Overview
IIFL Securities is a full-service broking company spread across major cities of India and adhering to a wide range of investors' needs. They offer a complete trading solution including online presence and researched advisory by professionals of the industry. Mr. Nirmal Jain, the chairman of the IIFL group was also one of the
Reliance Securities vs IIFL Securities Account Opening Charges: 2024
| Charge | Reliance Securities | IIFL Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹950 (One-time) | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹400 p.a. | ₹400 per year |
Reliance Securities vs IIFL Securities Brokerage Charges and Plans : 2024
| Charge | Reliance Securities | IIFL Securities |
|---|---|---|
| Plan Name | Fixed Online Plan | Flat Plan (FBP) |
| 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 | 1% of Premium or ₹100 per lot, whichever is high |
| Currency Futures | 0.04%\t | 0.05% |
| Currency Options | Rs 100/Lot | 1% of Premium or ₹100 per lot, whichever is high |
| Commodity Options | N/A | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high |
| Mutual Fund | N/A | N/A |
Reliance Securities vs IIFL Securities Margin / Exposure: 2024
| Segment | Reliance Securities | IIFL Securities |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 3x |
| Equity Intraday | Upto 10x | Upto 20x |
| Equity Future | Upto 3x | Upto 3x |
| Equity Options | Nil | Upto 3x |
| Currency Future | Nil | Upto 2x |
| Currency Options | Nil | Upto 2x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |