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ICICI Direct Vs Reliance Securities
| | Broker Comparison, Trading | No Comments
ICICI Direct Vs Reliance Securities comparison here talks about the differences between these two stockbrokers in terms of multiple aspects. If you are looking to choose one of the brokers for your stock market trading, this comparison article will assist you in making that decision.
Here are the details:
ICICI Direct Vs Reliance Securities Comparison
ICICI direct is a retail trading flagship of ICICI Securities. With more than 35 lakh customers, ICICI Direct is the biggest retail full-service stockbroker company in India.
Reliance Securities, in a similar manner, is the trading arm of Reliance Capital. It was founded in the year 2006 and currently has a customer base of 7 lakh with a presence in over 1700 branches.
Both the brokers, like any other full-service stockbroker, provide well-defined services to their clients such as quick customer care, offline assistance, regular tips and research, decent margin across segments etc. Having said that, the brokerage charges levied by full-service stockbrokers is generally on a higher side.
To make things easy for you, we have listed out the comparison between ICICI Direct Vs Reliance Securities to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
We hope this article helps you to understand which of the two brokers is better for your needs. Here is Reliance Securities Vs ICICI Direct:
ICICI Direct Vs Reliance Securities Details
 |  | |
| Reliance Securities Review | ICICI Direct Review | |
| OVERVIEW | ||
| Incorporated In the Year | 2006 | 2000 |
| Number of branches across India | 1700 | 154 |
| Exchanges | BSE, NSE & MCX-SX | BSE, NSE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹950 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹700 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹400 | ₹0 |
| Transaction Charges | Reliance Securities Transaction Charges | ICICI Direct Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.5% to 0.08% | 0.55% |
| Intraday Delivery | 0.05% to 0.005% | 0.275% |
| Equity Futures | 0.05% to 0.005% | 0.03% to 0.05% |
| Equity Options | ₹7 to ₹10 per lot | ₹35 to ₹95 per lot |
| Currency Futures | 0.04% | 0.03% to 0.05% |
| Currency Options | ₹40 per lot | ₹10 to ₹25 per lot |
| Commodity | NA | NA |
| Calculate Brokerage | Reliance Securities Brokerage Calculator | ICICI Direct Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for Intraday, Upto 3 times for Delivery | Intraday upto 25 times & Delivery upto 5 times |
| Equity Futures | Upto 3 times for Intraday | Upto 4 times for intraday |
| Equity Options | No Leverage | Upto 4 times for intraday |
| Currency Futures | No Leverage | Upto 4 times for intraday |
| Currency Options | No Leverage | Upto 4 times for intraday |
| Commodities | NA | NA |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| Research | ICICI Direct Research | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity |  | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| Customer Care | ICICI Direct Customer Care | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | InstaExpress | ICICI Direct TraderRacer, ICICI Direct Trader Racer Web, ICICI Direct Mobile App |
| NSE Complaints Percentage* | 0.03% | 0.01% |
| Complaints | ICICI Direct Complaints | |
| OVERALL RATING |  | |
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
Have you in the past or are currently trading with any of the above stockbrokers. If yes, would you like to share your experience(s) with ICICI Direct Vs Reliance Securities for the benefits of other readers? Please feel free to share in the comments below.
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ICICI Direct Vs Reliance Securities
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