Reliance Securities vs Nirmal Bang 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

  1. Competitive Brokerage: Provides different competitive brokerage plans suited for different categories of investors and traders
  2. 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
  3. Research: It offers it customers with specialized research report ranging from investment summaries, pre-market reports, futures

About Nirmal Bang

Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Nirmal Bang: Overview

Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.

Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in

Reliance Securities vs Nirmal Bang Account Opening Charges: 2024

ChargeReliance SecuritiesNirmal Bang
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.₹200 per year

Reliance Securities vs Nirmal Bang Brokerage Charges and Plans : 2024

ChargeReliance SecuritiesNirmal Bang
Plan NameFixed Online PlanN/A
Equity Delivery0.4%\t0.2%
Equity Intraday 0.04%\t0.02%
Equity Futures 0.04%\t0.02%
Equity OptionsRs 100/Lot₹35
Currency Futures 0.04%\t0.02%
Currency OptionsRs 100/Lot₹20
Commodity OptionsN/A0.01%
Mutual FundN/AN/A

Reliance Securities vs Nirmal Bang Margin / Exposure: 2024

SegmentReliance SecuritiesNirmal Bang
Equity DeliveryUpto 3x Upto 10x
Equity IntradayUpto 10xUpto 4x
Equity FutureUpto 3x Upto 4x
Equity OptionsNilUpto 2x for shorting
Currency FutureNilUpto 2x for shorting
Currency OptionsNilUpto 3x
Commodity FutureN/AUpto 3x
Commodity OptionsN/AN/A

Reliance Securities vs Nirmal Bang Currency Charges and Plans: 2024

Reliance Securities charge 0.04%\t for Currency Futures and Rs 100/Lot for Currency Options whereas Nirmal Bang Charges 0.02% for Currency futures and ₹20 for Currency options.
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