Reliance Securities Review

Category: Reviews | Author: Trading Brokers | Date: October 14, 2023

Investing in the stock market can be a daunting task, especially for beginners. With numerous broking houses vying for attention, choosing the right one can be challenging. One such prominent player in the Indian financial landscape is Reliance Securities, a subsidiary of Reliance Capital Limited. In this review, we will delve into the features, benefits, and drawbacks of Reliance Securities, helping you decide whether they are the ideal choice for your investment journey. From their diverse product offerings to their customer service, we’ll leave no stone unturned in our assessment. So, let’s dive in and find out if Reliance Securities lives up to its reputation.

Pros & Cons

  • Highly advanced trading platforms, especially Reliance Tick Pro
  • Quick customer service with specified turnaround times
  • Multiple exchanges trading on BSE, NSE, and MCX
  • Strong franchise network with branches available in almost all cities
  • Aftermarket hours order placement allowed
  • No trading in the commodity segment allowed
  • Some hidden charges
  • No flat brokerage plan is offered
  • Relatively expensive account opening, maintenance, and brokerage charges
  • Limited control over the potential conflicts of interest
  • Exposure or leverage offered is low

Summary 

Reliance Securities Review

Reliance Securities Review

Established in 2005 and regulated by the Securities and Exchange Board of India (SEBI) and the National Stock Exchange (NSE), Reliance Securities is one of the leading retail broking houses in India. The broker’s vision is to provide a unique and smart experience to invest in various financial products, such as stocks, mutual funds, bonds, insurance policies, derivatives, and loans. Reliance Securities also offers baskets to invest in handpicked groups of stocks and mutual funds based on different themes.

With a range of trading platforms, tools, education, markets, and account types, Reliance Securities caters to traders of different levels and preferences. The broker’s online trading platforms include a desktop-based platform with advanced features and historical charts, a flexible and intuitive web-based platform called TICK Web, and a mobile app. Reliance Securities also provides the option of trading offline through live chat, call and trade, branch dealing desks, and a network of affiliates. Reliance Securities also has various funding options, such as online bank transfer, debit card, and UPI. The broker aims to be a smart and reliable broker for diversified investing, but traders should always be aware of the associated risks.

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Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

Reliance Securities is an online broker that is regulated by the Securities and Exchange Board of India (SEBI), the Bombay Stock Exchange (BSE), and the National Stock Exchange (NSE). It has the SEBI registration number INZ000200032 and the NSE registration number INB/INF/INE 231234432. The SEBI is the primary regulator of the securities market in India, and it aims to protect the interests of investors, promote the development of the market, and enforce securities laws. The NSE is the leading stock exchange in India, and it provides a platform for trading various financial instruments, such as equities, derivatives, mutual funds, and bonds. The regulation by the SEBI and the NSE implies that Reliance Securities has to comply with various norms and guidelines regarding capital adequacy, risk management, transparency, disclosure, customer protection, and dispute resolution. Reliance Securities also has to participate in the investor protection fund (IPF) scheme of the NSE, which provides compensation of up to INR 25 lakhs to the clients of a defaulting broker. Please see a list of regulated brokers for some alternative options.

Platforms & Tools

Reliance Securities provides a host of big data and robo insights-driven trading platforms for investors and traders of different levels and preferences. These platforms offer not only a user-friendly interface but also an array of advanced features, historical charts, and analytical tools. The trading platforms offered by Reliance Securities are:

  • TICK PC: A desktop-based platform that facilitates faster trade execution. It has a smart trading experience with advanced features and historical charts. It also has a robo insights feature that helps traders identify potential stocks at a glance.
    TICK PC

    TICK PC

  • TICK Web: A web-based platform that gives traders a trader-like experience. It has advanced features that let traders trade confidently. It also has analysis and research features that simplify trading decisions for traders.
    TICK WEB

    TICK WEB

  • TICK Pro: A mobile trading app that allows traders to trade anywhere, anytime from any device. It has a sleek and user-friendly design that allows traders to access all the features of the web platform on their mobile devices. It also has a robo insights feature that helps traders identify potential stocks at a glance.
    TICK PRO

    TICK PRO

  • TICK Algo: A platform that lets traders define and set strategies based on which trades are placed automatically. It facilitates traders to make the most of the opportunities arising due to volatility in stocks.
  • Call & Trade: Reliance Securities offers a call and trade platform that allows traders to place orders over the phone.

In addition to these platforms, Reliance Securities also offers the option of trading offline through various means, such as live chat, call and trade, branch dealing desks, and a network of affiliates. Reliance Securities also enhances the trading experience with a suite of valuable tools and resources, including:

  • Span Margin Calculator: A tool that helps traders calculate the margin required for their trades across various segments and exchanges.
  • Technical Indicators: A tool that helps traders analyze the price movements and trends of various stocks using various technical parameters.
  • Watchlist: A tool that helps traders monitor their favorite stocks and get real-time quotes, news, and alerts.
  • Knowledge Center: A resource that provides information on various topics such as mutual funds, derivatives, IPOs, bonds, insurance policies, loans, and baskets.

Education

Reliance Securities is committed to empowering its clients with the knowledge and skills required for smart investing in various financial products. The broker offers various educational resources to help its clients understand the basics and nuances of the market, the products, and the platforms. These resources include:

  • Research Reports: Reliance Securities provides research reports on various sectors and companies to help clients make informed investment decisions. These reports are prepared by a team of experienced analysts and cover a wide range of topics such as market trends, company analysis, and sector outlook.
  • FAQs: A section on the website that provides answers to frequently asked questions on various topics, such as share market, mutual funds, research market reports, online trading products, and trading platforms pricing. This section helps clients to get quick and clear information on common queries and issues.
  • Knowledge Center: A section on the website that provides information on various topics, such as mutual funds, derivatives, IPOs, bonds, insurance policies, loans, and baskets. This section helps clients to learn more about the features, benefits, risks, and processes of these products and services.
  • Blogs: A section on the website that provides articles on various topics related to investing, trading, markets, economy, and personal finance. These articles help clients to gain insights, tips, and perspectives from experts and professionals.
  • Classroom: A section on the website that provides videos on various topics related to investing, trading, markets, economy, and personal finance. These videos help clients to learn from visual and interactive content delivered by experts and professionals.

Reliance Securities’ educational thrust doesn’t end here. The broker also offers opportunities for enhanced learning through webinars and workshops conducted by experts and professionals.

Markets

Reliance Securities offers its clients access to various financial markets, including equities, derivatives, currencies, initial public offerings (IPOs), mutual funds, bonds, and corporate fixed deposits. This wide range of options allows investors to diversify their portfolios and achieve their financial goals through a single platform. The brokerage firm’s equity segment enables traders to buy and sell stocks across different exchanges in India, while its derivative segment offers futures and options contracts on various underlying assets.

Currency traders can take positions in pairs such as USD-INR, EUR-INR, and GBP-INR, among others. IPOs allow investors to subscribe to fresh issues of stocks, while mutual funds provide exposure to a basket of securities managed by professional fund managers. Bond investors can choose from government and corporate debt instruments, while corporate fixed deposits offer attractive interest rates on deposits made for a fixed tenure. Overall, Reliance Securities presents a comprehensive suite of investment products catering to varied risk appetites and investment horizons.

Accounts

Reliance Securities offers various account types to suit different investors and traders. These account types include:

  • Demat Account: A Demat account holds your financial investments in electronic format to be able to invest in stocks, mutual funds, bonds, and ETFs. Reliance Securities offers a free demat account opening online.
  • Trading Account: A trading account is required to place ‘buy’ and ‘sell’ orders in the market. It is a requisite to conduct any transactions in the stock market. You can register with any online stockbroking firm to create an online trading account. Reliance Securities offers two brokerage plans for trading accounts: R-Online Insta Account Plan and R-Fixed Plan. The R-Online Insta Account Plan charges a percentage-based brokerage rate for different segments, while the R-Fixed Plan charges a fixed brokerage for all trades. The minimum deposit for opening a trading account with Reliance Securities is Rs. 10,000 for both plans. The leverages offered vary depending on the segment and the plan but range up to 1:20.
  • Basic Services Demat Account (BSDA): This is a type of Demat account that is designed for small investors who have a portfolio value of up to Rs. 200,000. This account has lower annual maintenance charges than a regular demat account. This account does not offer leveraging.
  • Corporate / Non-Individuals Account: This type of account is designed for corporate and non-individual investors. This account allows you to invest in various securities as a corporate entity or a non-individual investor.
  • NRI / Foreign Nationals Account: This type of account is designed for NRI and foreign national investors. This account allows you to invest in the Indian stock market as an NRI or a foreign national.

Funding

Reliance Securities offers various funding options for its clients to fund their trading accounts and withdraw their earnings. These options include:

  • Online Bank Transfer: This option allows clients to transfer funds from their bank account to their trading account using NEFT, RTGS, or IMPS. The minimum deposit amount is INR 1,000 and the maximum deposit amount is INR 1,000,000 per transaction. The minimum and maximum withdrawal amounts are INR 500 and INR 1,000,000 per transaction, respectively. Deposits are processed within 30 minutes and withdrawals are processed within 24 hours. No fees are charged for online bank transfers.
  • Debit Card: This option allows clients to use their debit card to fund their trading account. The minimum deposit amount is INR 1,000 and the maximum deposit amount is INR 100,000 per transaction. The minimum and maximum withdrawal amounts are INR 500 and INR 100,000 per transaction, respectively. Deposits are processed instantly and withdrawals are processed within 24 hours. A fee of 1.8% is charged for debit card transactions.
  • UPI: This option allows clients to use the Unified Payments Interface (UPI) to fund their trading accounts. The minimum deposit amount is INR 1,000 and the maximum deposit amount is INR 100,000 per transaction. The minimum and maximum withdrawal amounts are INR 500 and INR 100,000 per transaction, respectively. Deposits are processed instantly and withdrawals are processed within 24 hours. No fees are charged for UPI transactions.

To initiate transactions, log in to your Reliance Securities account and visit the “Funds” section. Here, select your preferred payment method and follow the on-screen instructions. Processing times may vary depending on the method and bank involved.

Conclusion

In conclusion, Reliance Securities is an online broker that offers a range of trading platforms, tools, education, markets, and account types for investors and traders of different levels and preferences. The broker is regulated by the SEBI, BSE, and NSE, which implies that it has to comply with various norms and guidelines regarding customer protection, transparency, and dispute resolution. However, trading with any broker involves inherent risks of losing money due to market fluctuations, leverage, fees, technical glitches, or human errors. Therefore, potential traders are advised to proceed with caution and a thorough understanding of the landscape, recognizing the benefits and challenges of trading with Reliance Securities. However, it’s worth noting that while Reliance Securities offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

Reliance Securities Logo

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Reliance Securities is a leading retail broking house in India, offering a wide range of financial products and services to its customers. It is a part of Reliance Capital, one of the largest financial services groups in India. Reliance Securities provides access to equities, derivatives, IPOs, mutual funds, bonds, corporate FDs, insurance, and loans through its online and offline platforms.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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