Reliance Securities vs Interactive Brokers 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 Interactive Brokers
Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!
A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.
Interactive Brokers: An Overview
Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.
Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.
In India, the
Reliance Securities vs Interactive Brokers Account Opening Charges: 2024
| Charge | Reliance Securities | Interactive Brokers |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹950 (One-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹400 p.a. | ₹0 |
Reliance Securities vs Interactive Brokers Brokerage Charges and Plans : 2024
| Charge | Reliance Securities | Interactive Brokers |
|---|---|---|
| Plan Name | Fixed Online Plan | N/A |
| Equity Delivery | 0.4%\t | Minimum ₹6 and Upto ₹20 per executed order |
| Equity Intraday | 0.04%\t | Minimum ₹6 and Upto ₹20 per executed order |
| Equity Futures | 0.04%\t | Minimum ₹6 and Upto ₹20 per executed order |
| Equity Options | Rs 100/Lot | Minimum ₹6 and Upto ₹20 per executed order |
| Currency Futures | 0.04%\t | Minimum ₹6 and Upto ₹20 per executed order |
| Currency Options | Rs 100/Lot | Minimum ₹6 and Upto ₹20 per executed order |
| Commodity Options | N/A | N/A |
| Mutual Fund | N/A | N/A |
Reliance Securities vs Interactive Brokers Margin / Exposure: 2024
| Segment | Reliance Securities | Interactive Brokers |
|---|---|---|
| Equity Delivery | Upto 3x | N/A |
| Equity Intraday | Upto 10x | N/A |
| Equity Future | Upto 3x | N/A |
| Equity Options | Nil | N/A |
| Currency Future | Nil | N/A |
| Currency Options | Nil | N/A |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |
Reliance Securities vs Interactive Brokers Currency Charges and Plans: 2024
Other Comparisons of Reliance Securities and Interactive Brokers
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