Reliance Securities vs SAMCO 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 SAMCO
SAMCO is another popular discount broker in India which has carved a niche for itself in a short span of time. It conceptualized in the year 2015 and with its diversifying broking services and products range it has a good hold on the market at present.
Samco Overview
Samco Securities Ltd. is known to be a suitable stockbroker for beginners since it offers an exhaustive repository of basic and intermediate tutorials on investing and trading. At the same time, with low brokerage charges, they leave a low chance of risk for the beginners as compared to other Indian stock brokers.
It allows trading across all the leading stock and commodity exchanges in India including NSE, BSE, MCX, MCX-SX and NCDEX. Samco facilitates commodity segment for MCX trading through its associated entity, Samco Commodities Ltd. The firm primarily caters to corporate and retail clients. It also offers loans against shares, low brokerage Demat
Reliance Securities vs SAMCO Account Opening Charges: 2024
| Charge | Reliance Securities | SAMCO |
|---|---|---|
| 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. | ₹400 |
Reliance Securities vs SAMCO Brokerage Charges and Plans : 2024
| Charge | Reliance Securities | SAMCO |
|---|---|---|
| Plan Name | Fixed Online Plan | Standard |
| Equity Delivery | 0.4%\t | ₹20 per executed order |
| Equity Intraday | 0.04%\t | ₹20 per executed order |
| Equity Futures | 0.04%\t | ₹20 per executed order |
| Equity Options | Rs 100/Lot | ₹20 per executed order |
| Currency Futures | 0.04%\t | ₹20 per executed order |
| Currency Options | Rs 100/Lot | ₹20 per executed order |
| Commodity Options | N/A | ₹20 per executed order |
| Mutual Fund | N/A | N/A |
Reliance Securities vs SAMCO Margin / Exposure: 2024
| Segment | Reliance Securities | SAMCO |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 4x |
| Equity Intraday | Upto 10x | Upto 15x |
| Equity Future | Upto 3x | Upto 4x |
| Equity Options | Nil | Upto 8x |
| Currency Future | Nil | Upto 3x |
| Currency Options | Nil | Upto 5x |
| Commodity Future | N/A | Upto 5x |
| Commodity Options | N/A | Upto 5x |