Reliance Securities Review – Charges, Trading Platforms, Demat Account, Offers & more

In this reliance securities review, we will discuss the company’s wide range of services to its customers.

We will also discuss various platforms they provide, reliance securities charges, and multiple benefits you can have by choosing them.

One of the key advantages of Reliance Securities is its affiliation with the Reliance Group, a well-established conglomerate in India.

This association provides Reliance Securities with strong financial backing and access to extensive resources, which can benefit clients seeking comprehensive financial services.

Why Trade or Invest with Reliance securities?

A reliance securities account has many benefits; some of the main benefits will be discussed in this section.

• Reliance Securities provides you with a classroom program. It contains text, audio, and video sources explaining different topics related to investment and finance.
• They offer low brokerage rates and flexible brokerage plans for customers.
• They provide technical and fundamental analysis and stock tips to customers.
• Reliance Securities have a great presence across India with 1000+ offices in tier-1 and tier-2 cities.
• Right now, Reliance Securities offers more than 20,000 financial products and caters to more than 91,000+ active clients nationwide.

If you open an account with them, you get highly attractive reliance securities brokerage plans. Reliance Securities offers two brokerage plans to customers.

The basic plan is an R-online; you get essential services and lower brokerage. You pay 0.25% for delivery, 0.025% for intraday and future, and Rs. 25/ lot.

The second plan is an R-fixed plan, you get access to their branch and a relationship manager, but you pay a higher brokerage.

You pay 0.5% for delivery, 0.05% for intraday and future, and Rs. 100/ lot.

Reliance Securities Calculator

Calculate Brokerage Charges of Reliance Securities.

How to Open a Reliance Securities Demat Account?

Opening a reliance securities demat account is a straightforward process.

• Fill up your details in the form we have provided.
• You will be contacted by a company representative and provided with a link for opening the account.
• Click on the link and provide your mobile no. and email, verify them with OTP
• Provide all the details that are being asked.
• In this step, you must upload scanned copies of the necessary documents.
• E-sign and submit the form.
• Within 24 hrs, verification will be done, and your account will be active.

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Reliance Securities offer a series of platforms under the name of TICS. This includes their website-based platform, known as TICK WEB.

Next is their desktop app; you can install it on your Windows laptop or computer, a TICK PC. For Android and iOS, they have TICK Pro for their users.

They also offer a platform for Algo trading; it is TICK Algo. We will provide details on these further in the Reliance securities review.

This section will discuss the features of reliance securities apps, trading platforms, and tools in more detail.

TICK WEB

This is the website-based platform of reliance securities; you can access it from any Internet Explorer.

Dashboard: This platform provides one view dashboard to the customer. You can access multiple trading modules from the dashboard only.

Watchlists: You can create multiple watchlists and add up to 50 scripts in a single watchlist. You can also buy, sell, and view bids and offer quotes.

Order form: They offer a simplified order form; you can place multiple types of orders quickly and simply from a single screen.

Alerts & notifications: You can create custom price-based alerts, and you will get a notification whenever the price hits your set level.

Portfolio: You can have the complete view and in-depth insights of your entire portfolio in a single place

TICK PC

This is a desktop-based app you can install on your laptop or computer.

Shortcut Keys: You can assign particular functions to your keyboard keys and can use them to perform operations quickly.

Charts: You can analyze using their customizable charts and multiple indicators.

Span margin calculator: This calculator helps the customer to have a clear picture of the margin required to execute the trade.

Mutual funds: You can easily buy/sell mutual funds and start or stop SIP from this app, and the units will be transferred to your demat account.

TICK PRO App

This is an app-based platform for Android and iOS.

Strategies: They offer readymade derivative strategies per the trader’s risk appetite.

News: You will get authentic news from all over the web, including social media for stocks, the Indian and global markets.

Fast trading: They have made placing buy and sell orders easier. Thus the customers can make quick orders.

Quick search: They offer quick stock search tools for quick trading decisions.

Calculator: Make calculated decisions in your option trades using their option calculators.

TICK ALGO

This is the algo trading platform of reliance securities.

Quick execution: You can take advantage of fast execution by using pre-input parameters of the algo trade platform.

Remove the impact of emotional decisions from your trading by using their automated trading feature.

Automated trading: You can implement your strategy, and the trade will be executed automatically as per the strategy.

Reliance Securities offers some unique and beneficial features to its customers.

• They offer very low brokerage with two different plans to choose from.
• You get multiple readymade portfolios of stocks and mutual funds selected by experts.
• You can also get a personal relationship manager with one of their plans, who will guide you based on technical and fundamental analysis.
• You get stock tips for all investments, from long-term to short-term.

Reliance Securities SWOT Analysis

Below we have listed SWOT Analysis for the Reliance Securities:

Strength

• Reliance is a vast group of companies, even at a global standard, bringing many resources available to reliance securities.
• They also provide a readymade portfolio, which is dated and rebalanced whenever required.
• They have the largest basket of products in India, equity, bonds, commodity, currency, mutual funds, etc.
• There are no account opening charges. The trader needs to pay the AMC and start trading.

Weakness

• The brokerage, though low, comes out more for large orders as there is no cap on brokerage.
• Their marketing strategy is not as aggressive as other competitors; it is lagging even compared to other reliance companies.
• Their penetration is limited to urban areas.

Opportunity

• Growing awareness about finances and investment even in rural areas in India.
• An aggressive marketing like Reliance did with Jio can make them market leaders.
• They can add even more customers if they add some financial education features.

Threats

• Top discount brokers have captured a huge chunk of the existing market and can thus use it to attract new customers through reference.
• Other players can use a lack of brokerage capping to poach their customers.
• Lack of any education or teaching feature may lead to customers making wrong decisions and making losses, which might lead them to stop trading and reduce earnings.

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In 2016 IMRB recognized Reliance Securities as “The most trusted brand for research recommendation.”

With a reliance securities trading account, you will get multiple tips and portfolio recommendations based on technical and fundamental research.

• You get stock suggestions for long-term investment.
• Stock and derivative suggestions for short-term trading.
• You get a baskets feature, wherein multiple readymade portfolios are offered based on expert suggestions.
• These portfolios are regularly reviewed and rebalanced as per the latest trends.

The reliance securities margin and leverage are among the best in India compared to other brokers.

• For equity delivery, equity and commodity F&O carry forward, and currency F&O trades, they provide 1x margin.
• For equity and commodity F&O intraday trades, a 1.3x margin is there.
• For equity intraday, up to 5x margin depends on the stocks.

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The after-sales services are among the best, including Reliance Securities customer care.

• You can have a dedicated relationship manager with one of the plans.
• Customer care number: 022-41596000. 022-62436000
• Customer care email: [email protected]
• They are also very active on major social media sites and can be contacted there.

We analyzed their responses to reliance securities complaints filed, and the following are the results we found out

• Thirty-four complaints were filed.
• Twenty-six complaints, or 76.5%, were successfully resolved.
• Two complaints, or 6%, were found to be non-actionable complaints.
• The response to complaints was up to satisfaction.

Reliance Securities Charges

There are some charges which the customer bears other than brokerage. These include reliance securities account opening charges, additional charges, and reliance securities hidden charges.

• Account Opening Charges: Zero
• Account Maintenance Charges: 400 per year
• STT & CTT: 0.0125% to 0.1%
• Stamp Duty: 0.0001% to 0.15%
• Exchange Charges: 0.00022% to 0.053%
• SEBI Turnover Charges: Rs. 10 per crore
• DP Charges: Rs. 25 per scrip on sell

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Reliance Securities Review – Conclusion

We have written this reliance securities review so that you can decide whether their services suit your needs. We want to summarize some of the crucial details.

Their most prominent feature is that they have combined the low brokerage offered by discount brokers and the research and tips that full-service brokers offer.

FAQs on Reliance securities

Here is the list of FAQs related to the Reliance Securities Review:

Is Reliance Securities a Safe Broker?

Yes, it is a very safe broker; they follow all the guidelines related to safety established by various regulatory authorities.

Is Reliance Securities Good for Beginners?

Yes, it is perfect for beginners; the tips and readymade portfolio are very beneficial for someone just starting an equity investment.

How many active clients do Reliance Securities have?

In the financial year 2022-23, the number of active clients of reliance securities is around 1 lakh.

Who is the Founder of Reliance Securities?

Reliance Capital, a company of the Reliance Group, owns Reliance Securities Limited.

Does Reliance Securities provide Free Delivery Trading?

No event on delivery trades brokerage and other charges are levies from customers; the brokerage depends on the plan you have opted for

What are Intraday Trading Charges for Reliance Securities?

For intraday trades, brokerage and other charges are levied; the brokerage rate will depend on your plan and the segment you are trading in.

What are Reliance securities F&O Charges?

For F&O trades, the brokerage is levied; on top of that, charges like STT, stamp duty, exchange charges, GST, etc., are set.

Does Reliance Securities charge for Commodity Trading?

Yes, the brokerage is levied depending on your plan; other than that, charges like STT, stamp duty, exchange charges, GST, etc., are levied.

Does Reliance Securities charge for Currency Trading?

If you trade in the currency segment, the brokerage will be levied depending on whether it is carry-over or intraday trade.

Does Reliance Securities provide research?

Yes, research-based stock tips are provided to the customer, and ready-made portfolios are also there.

How to contact Reliance Securities Customer Care?

You can quickly contact the customer care of reliance securities; the details are provided in this article itself.

How much is AMC in Reliance securities?

AMC stands for annual maintenance charges; these are levied every year and are Rs. 400 per year.

What are Account Opening Fees in Reliance Securities?

Reliance Securities offers a free account opening, which means you pay zero for opening an account with them.

What are Pledge Creation Charges in Reliance securities?

The pledge creation charges for reliance securities are comparable to most discount brokers; they charge Rs. 30 or 0.05% of value, whichever is higher, for the creation.

How much are Pledge Invocation Fees in Reliance securities?

In Reliance securities, Rs. 30 or 0.05% of value, whichever is higher, is levied for invocation of the pledge.

Does Reliance Securities levy any Interest on Margin Trade Funding?

Yes, reliance securities charge interest on a per-day basis for margin trade funding; the rate is 0.08% per day.

What are DP Charges for Reliance securities?

DP charges are levied only on sell orders; as mentioned in the article, these are Rs. 25 per scrip on sale.

Does Reliance Securities levy any Account Closure Fees?

Yes, Rs. 150 is levied as account closure fees from the customer.

What are Account Reactivation Fees in Reliance Securities?

An amount of Rs. 100 is levied for reactivating a deactivated account, and you must pay any remaining dues.

What are Call & Trade Charges in Reliance securities?

Call and Trade charges are levied per trade basis; these are Rs. 20 per trade in reliance securities.