Reliance Securities is one of the largest full-service brokers in India. Let’s have a detailed Reliance Securities Review & understanding of Reliance Securities Demat Account, Reliance Securities Brokerage Charges, RSec Trading Platforms & other important features.
Reliance Securities Review & Customer Ratings
About Reliance Securities
Reliance Securities is the broking firm of Reliance Capital Group of Anil Ambani. The Reliance Capital Group as a whole has a presence in many financial fields that include asset management and MF; equities and commodity; both life and general insurance; wealth management; distribution of financial products; asset reconstruction; commercial finance; proprietary investments, etc.
Rsec is a well-established and highly reputed Brokerage firm. The Broker is a corporate member of NSE and BSE and has a huge network through branches across all over India and has around 6.5 lakh active customer base. The Broker offers online trading with its in house secured website trade.rsec.co.in. You can also trade through a variety of means including Live Chat. Call & Trade, Branch Dealing Desks network of affiliates, etc. are other options available to you.
When reviewing Reliance Securities customer service, we expected great results as it is a big name and that’s not exactly what we discovered at the end of the tunnel. The Broker doesn’t have a good reputation as far as customer service goes. The management tries to handle the traffic but fails to have an adept team.
Brokerage is average cheaper than the big shots but is at par to most of the average brokers.
Reliance Securities Products & Services
Here are the list of Products & Services offered
Reliance Securities Services
- Demat Account
- Trading Account
- Depository Services
- Advisory Services
- Research Reports
- 24*7 Customer Support
Reliance Securities Brokerage Charges & Fees
Reliance Securities offers a variety of Brokerage plans to choose from as per your trading style.
Their R-Fixed Plan is the most basic plan. Here you pay fixed brokerage charges. The brokerage charges are as per market standard (With reference to Full-service brokers).
Delivery – 0.50%, Intraday – 0.05%, Future- 0.05%, Options- Rs100/- per lot.
R-Fixed Online plan is right for you. The brokerage is the lowest in this plan and a good fit for online traders.
Delivery – 0.40%, Intraday – 0.04%, Future- 0.04%, Options- Rs100/- per lot.
Reliance Securities RMAX Plan is specially designed for more active investors. You have to buy a subscription for this plan. After this, your brokerage rates get reduce during the tenure of the plan to have taken.
The fourth plan is R-Flexi Plan- This plan is like the I-Saver Plan of ICICIDirect. Here you can pay low brokerage only if your trading volume is high. Refer the below brokerage charge for NSE/BSE Cash that ranges from 0.60% (for monthly turnover of fewer than 10 lakhs) to 0.15% for turnover more than 2.5 crores.
Reliance Securities Brokerage Charges: R-Flexi Plan
R-Flexi Delivery Plan
|Delivery (NSE, BSE Cash Segment)|
|More than 2.5 Cr||0.15%|
|More than 2.5 Cr||0.15%|
|50 Lacs to 2.5 Cr||0.25%|
|25 Lacs to 50 Lacs||0.40%|
|10 Lacs to 25 Lacs||0.50%|
|Less than 10 Lacs*||0.60%|
R-Flexi Intraday & Futures Plan
|Margin (NSE, BSE Cash Intraday & Futures)|
|50 Cr. or More||0.02%|
|25 Cr. to 50 Cr.||0.02%|
|10 Cr. to 25 Cr.||0.03%|
|5 Cr. to 10 Cr.||0.04%|
|2 Cr. to 5 Cr.||0.05%|
|Less than 2 Cr.*||0.06%|
R-Flexi Options Plan
|Monthly Turnover||Brokerage Per Lot|
|25 Lacs or More||Rs.50|
|25 Lacs or More||Rs.50|
|10 Lacs to 25 Lacs||Rs.60|
|5 Lacs to 10 Lacs||Rs.70|
|2 Lacs to 5 Lacs||Rs.80|
|Less than 2 Lacs*||Rs.100|
Demat AMC: Rs400/- yearly. or pay a refundable amount of Rs2500/- and get free AMC for a lifetime. Call and Trade costs Rs20/- per call (though first 20 calls per month are free)
Reliance Securities Margin/exposure
- MIS – 5 times the exposure in cash segment, 6.5 times in stock futures and 10 times in index futures.
- Plus Multiplier (MIS) -offers approximately 10 times exposure in cash segment, 8 times in futures and 15 times in index futures.
- Super Multiplier(MIS) – offers approximately 10 times exposure in cash, 10 times in stock futures and 18 times in index futures.
- NRML CASH – Offers a facility to take a delivery position by paying the required margin during the day and pay the balance not later than 5 days from the exchange payout.
RSec Brokerage Charges: R-FIXED Online Plan
|Brokerage Plan||R-FIXED Online|
|Equity Options||Rs 100 /Lot|
|Currency Options||Rs 100 /Lot|
How to Open Reliance Securities Demat Account?
For online trading with Reliance Securities, the investor has to open Trading and Demat Account. Following are the ways to open a demat account with Reliance Securities:
- Fill an online Application Form: Fill the Contact Form
- Visit Website: Rsec.co.in/
- Contact Phone Number/helpline: 022 39886000
- Contact email: email@example.com
- Registered Office: 11th Floor, R-Tech IT Park, Western Express Highway, Goregaon (East), Mumbai 400 063
Why Open Reliance Securities Demat Account?
- Research Service – Finest quality research.
- Competitive Brokerage Plans
- ISO 9001:2008 certified
- Largest E-Broking House 2010 (by Dun & Bradstreet report.)
- Lightning fast and user-friendly trading platforms
Reliance Securities Trading Platforms Review
The broking house provides its clients software-based, web-based and mobile app platforms for trading.
Reliance Securities Desktop based Trading Terminal: INSTA XPRESS Review
Application powered by ‘Omnesys NEST Trader’. It is a fully functional trading terminal allowing fast execution of orders with real-time monitoring.
Reliance Securities Web-based Trading Platform: RSL TICK Review
An advanced online trading platform of Reliance Securities that has integrated market watch for equities and Derivatives. This web-based portal is integrated with an analytical engine for better and calculated decisions making. Get live streaming quotes, real-time news and market coverage, integrated research with fundamental and technical analysis. Charting tools, payment gateways, and many more features come with it.
Reliance Securities Mobile App based Trading Platform: RSL TICK PRO Review
An app that can be downloaded for trading on the go people. It comes with features like Real-time quotes, live streaming market watch, balances and holdings lookout, access to real-time charts on NSE and BSE, customized watch list, etc.
Reliance Securities provides you with After Market orders (AMO). The Broker provides an option to place Bracket Orders, NRML and Cover Order. With NRML you have the flexibility to pay the remaining amount within 5 days (T+5) from the exchange payout day.
Reliance Securities Advantages / Disadvantages
Reliance Securities is a very well respected broker, competing nicely among the largest available brands. As a full-service Broker, they have a lot of value-added services to enhance trading quality.
The biggest disadvantage is -Reliance securities are not supporting commodity trading.
- Big margin and option to pay within t+5 days.
- The dedicated research team.
- Sitewide quote bar.
- Commodity trading not available.
- No 3 in 1 account.
- Average customer service.
- Lots of hidden charges when discovered you feel cheated.
Pay only ₹20 per order for Intraday, F&O, Currencies, and Commodities.