Reliance Securities vs Upstox 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 Upstox
Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.
Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.
Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell
Reliance Securities vs Upstox Account Opening Charges: 2024
| Charge | Reliance Securities | Upstox |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹950 (One-time) | ₹249 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹400 p.a. | ₹300 per year (paid monthly) |
Reliance Securities vs Upstox Brokerage Charges and Plans : 2024
| Charge | Reliance Securities | Upstox |
|---|---|---|
| Plan Name | Fixed Online Plan | Basic |
| Equity Delivery | 0.4%\t | ₹0 (FREE) |
| Equity Intraday | 0.04%\t | ₹20 per trade or 0.05% (whichever is lower) |
| Equity Futures | 0.04%\t | ₹20 per trade or 0.05% (whichever is lower) |
| Equity Options | Rs 100/Lot | ₹20 per trade or 0.05% (whichever is lower) |
| Currency Futures | 0.04%\t | ₹20 per trade or 0.05% (whichever is lower) |
| Currency Options | Rs 100/Lot | ₹20 per trade or 0.05% (whichever is lower) |
| Commodity Options | N/A | ₹20 per trade or 0.05% (whichever is lower) |
| Mutual Fund | N/A | N/A |
Reliance Securities vs Upstox Margin / Exposure: 2024
| Segment | Reliance Securities | Upstox |
|---|---|---|
| Equity Delivery | Upto 3x | 1x (no margin) |
| Equity Intraday | Upto 10x | Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x |
| Equity Future | Upto 3x | Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x |
| Equity Options | Nil | Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x |
| Currency Future | Nil | Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x |
| Currency Options | Nil | Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x |
| Commodity Future | N/A | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x |
| Commodity Options | N/A | N/A |