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

  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 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

ChargeReliance SecuritiesUpstox
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

ChargeReliance SecuritiesUpstox
Plan NameFixed Online PlanBasic
Equity Delivery0.4%\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 OptionsRs 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 OptionsRs 100/Lot₹20 per trade or 0.05% (whichever is lower)
Commodity OptionsN/A₹20 per trade or 0.05% (whichever is lower)
Mutual FundN/AN/A

Reliance Securities vs Upstox Margin / Exposure: 2024

SegmentReliance SecuritiesUpstox
Equity DeliveryUpto 3x 1x (no margin)
Equity IntradayUpto 10xBasic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x
Equity FutureUpto 3x Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x
Equity OptionsNilBasic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x
Currency FutureNilBasic:4x | Priority:4x | Basic CO:4x | Priority CO:5x
Currency OptionsNilBasic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x
Commodity FutureN/ABasic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x
Commodity OptionsN/AN/A

Reliance Securities vs Upstox Currency Charges and Plans: 2024

Reliance Securities charge 0.04%\t for Currency Futures and Rs 100/Lot for Currency Options whereas Upstox Charges ₹20 per trade or 0.05% (whichever is lower) for Currency futures and ₹20 per trade or 0.05% (whichever is lower) for Currency options.
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