Reliance Money Review : Brokerage Charges, Trading Platforms, IPO and Bonds
Reliance Money is also known as Reliance Smart Money, is full stock service broker, is trading arm of Reliance Capital.
It was founded in 2005, it was known as Reliance Securities at that time. The company has a client base of 8 lakh in over 1700 cities across the nation.
Reliance Money has developed a knowledge repository for beginner traders on its website. Reliance Money is the largest retail broking house in India.
Reliance Money is a full service broker and with its membership with BSE and NSE, MCX, MCX-SX, NCDEX, NMCE allows its clients to trade across the following segments :
- Equity
- Derivative Trading
- Currency Trading
- IPO
- Mutual Funds
- Bonds
- Commodity Trading
- Corporate Fixed Deposits
It is one of the popular trading platform, diversified margin and payment option for t+5 day.
Following are the major points that gives a trader to trade with Reliance Money :
With the inauguration of its new, consolidated platform Reliance Smart Money, it has put important aspects in one place. Easy navigation for clients to find anything related at any time.
Reliance Money offers the best and hassle-free trading option to its clients giving them access to trade in almost every other platform like equity, derivative, forex, MF etc. This
Benefits the client and enhances the activity of account maintenance of traders
- It provides great customer services.
- It has a diversified brokerage plans.
- It has diverse and advanced trading platform that simplify the process of trade.
Reliance Money Trading Platform
There is ample trading software provided by Reliance Money across devices, be it mobile app, terminal software or web based applications.
At the same-time, quality wise, there are a few aspects that can be improved in each of these trading platforms.
Reliance Securities Tick
Tick is a trading platform based on big data analytics, it provides robotic insights to the clients.
Tick provides real-time recommendations to clients based on their personal portfolio so that there is minimum wastage for order placement.
Some of the features of the platform are :
- Multiple model screeners with derivative strategies, options strategies and recommendations etc.
- Information on put call ratio, market sentiment, rollover costs, heat maps and more.
- Technical alerts and signals on a real-time basis.
- Watchlists across multiple asset classes on the same screen.
Reliance Securities Tick Pro
Tick Pro is an advanced mobile trading app from Reliance Securities for trading specifically in Derivatives. It comes with following features :
- Market Snapshot
- Options
- Interactive charts with technical indicators.
Reliance Commodities
This mobile app from Reliance Securities allows you to trade specifically in the commodities segment. This app allows you to trade along with the following mentioned features :
- Customisable market watch lists
- Live streaming of commodity quotes.
- You can place good till date, good till cancel orders.
- Real-time charts from MCX and NCDEX.
- Allow you to view the order status in a real-time.
- It helps you to convert and square off your open position.
Reliance Securities Insta-Plus
Insta plus is a power-based trading platform where client just needs to enter valid login credentials to start trading. Clients can trade across multiple asset classes with the following features enabled.
- Market watch
- Market reports and tips available on the platform
- Heatmaps
- Trend matrix
Trading platform is not mobile responsive and thus is not developed for mobile trading.
Reliance Securities – Rmobile Express
Rmobile Express is a mobile trading application for trading across multiple asset classes including equity, derivative and currency etc. The mobile app allows clients to :
- View Intraday Charts
- Trade Directly across NSE and BSE.
- Check order status with information on net positions and holdings.
Reliance Money Demat Account
The Reliance Free Demat Account is one that provides a safe, secure, and online way to keep track of the investment. It holds your account in an electronic form and allows you to invest stocks, mutual funds, bonds, and ETFs.
To Open a Demat Account with Reliance securities you can apply for it online.
Login to the website of Reliance Money and follow the steps below:
- Choosing an intermediary
- Filling up the form
- Submitting Document (Pan Card, Passport Size Photograph, Address Proof, Cancelled Cheque)
- In-person Verification
Reliance Money gives you many reasons to open a Demat Account with it :
- Offer many benefits.
- Free Account Opening.
- Powerful Platform
- Good Customer Support
Reliance Money Customer Care
The full-service stockbroker offers multiple communication channels such as:
- Phone
- Office Locations
- Web Assitance
- Web chat
With limited communication channels, the full service stockbroker tries to provide reasonable customer service to its clients. The turnaround time for different kinds of tasks is also :
Demat Account re-activation – 1 Business day
Fund transfers – 2 business days
Account related information – 2 business days
Account updations – 3 business days
Reliance money customer care number
If a trader wants to reach the reliance money customer care then you can opt for any of the methods mentioned above.
To make call, contact them at 022 39896789 or email at customer.support@rsec.co.in .Call customer support executive from Monday to Saturday between 8 AM to 9 PM.
For NRI customers, holding demat account with the Reliance Money they can raise their queries by contacting the customer care executive at +91 -022- 39886000 or by sending email at nrihelp@relianceada.com
Reliance Money Research Reports
Being a Full-Service stockbroker, Reliance securities provides research at multiple levels to its clients and depending on their preferences, users can pick the recommendations to use for their trades.
- Investment Summaries
- Research Reports (Fundamental call, trade edge, model portfolio, option strategy)
- Pre-market reports
- Future & Option Calls
- R-model portfolio
Reliance Smart Money Charges
Reliance Securities Account Opening Charges
| Demat Account opening charges | Rs. 0 |
| Trading Account opening charges | Rs. 950 |
| Demat Account Annual Maintenance Charges | Rs. 400 |
| Trading Account Annual Maintenance Charges | Rs. 0 |
Reliance Securities Brokerage
| Equity Delivery | 0.5% to 0.08% |
| Intraday Delivery | 0.05% to 0.005% |
| Equity Futures | 0.05% to 0.005% |
| Equity Options | Rs. 100 |
| Currency Futures | 0.04% |
| Currency Options | Rs. 40 per lot |
| Commodity | NA |
Reliance Securities Transaction Charges
| Transaction/Turn over charges | |
| Equity Delivery | 0.0035% |
| Equity Intraday | 0.0035% |
| Equity Futures | 0.0033% |
| Equity Options | 0.063% |
| Currency Futures | 0.004% |
| Currency Options | 0.06% |
| Commodity | NA |
Other Charges
| Enquiry Charges | Rs.5 per enquiry |
| Re-Issue Of Welcome kit | Rs.200 (Indian) Rs.1000 (NRI) |
| Physical Contract Note | Rs.40 per contract note |
| Physical Ledger | Rs.40 per statement |
| Delayed Payment Interest | 21% |
Reliance Securities Margin
This Stockbroker provides the following margins or leverage to its clients for trading :
| Equity | Upto 10 times for Intraday, Upto 3 times for delivery |
| Equity Futures | Upto 3 times for Intraday |
| Equity Options | No Leverage |
| Currency Futures | No Leverage |
| Currency Options | No Leverage |
| Commodities | NA |
Reliance Money Wealth Management
Reliance Money launched a wealth management service for Indian millionaires with an objective of offering 15% of its revenue from its new business.
The offerings are as follows :
- Equity-Linked Portfolio Management
- Tax Planning
- Art Advisory
- Real Estate
Reliance Money Advantages and Disadvantages
| Disadvantages | Advantages |
| No trading in commodity segment allowed | It has a huge presence across the country |
| Exposure or leverage allowed is low | Highly advanced trading platforms |
| Relatively expensive account opening | Aftermarket hours order placement allowed |
| Customers need to be aware of hidden Charges | Quick Customer Service with specified turnaround times |
Reliance Money Rating
| Parameters | Rating |
| Trading Platforms | 7.5/10 |
| Research & Tips | 6.5/10 |
| Pricing & Brokerage | 5.5/10 |
| Customer Service | 7.0/10 |
| Exposure | 6.0/10 |
| Overall Rating | 6.5/10 |
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