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Reliance Securities Vs Finvasia – Share Brokers Comparison
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Reliance Securities Vs Finvasia
Here is a point by point comparison of Reliance Securities Vs Finvasia. Reliance Securities is the trading arm of Reliance Capital. It was founded in the year 2006 and currently has a customer base of 7 lakh with presence in over 1700 branches.
Finvasia is a discount broker launched in 2013 with a unique proposition of zero brokerage charges on trading. The broker charges its clients on the basis of the trading platform(s) subscribed to. Based out of Chandigarh, Finvasia allows to trade in Equity, Commodity and Derivatives and not in currency.
Discount brokers such as Finvasia offer trading services at much cheaper brokerage rates and reasonable customer service. On the other hand, Full service brokers such as Reliance Securities will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Reliance Securities Vs Finvasia 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
Generally above mentioned aspects are good enough to make a decision based on your preferences, but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
 |  | |
| Reliance Securities Review | Finvasia Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Discount Broker |
| Incorporated In the Year | 2006 | 2013 |
| Number of branches across India | 1700 | 1 |
| Exchanges | NSE, BSE, & MCX-SX | NSE, BSE, MCX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹950 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹400 | ₹0 |
| Transaction Charges | Reliance Securities Transaction Charges | Finvasia Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.5% to 0.08% | ₹149 per month per segment |
| Intraday Delivery | 0.05% to 0.005% | ₹149 per month per segment |
| Equity Futures | 0.05% to 0.005% | ₹149 per month per segment |
| Equity Options | ₹7 to ₹10 per lot | ₹149 per month per segment |
| Currency Futures | 0.04% | ₹149 per month per segment |
| Currency Options | ₹40 per lot | ₹149 per month per segment |
| Commodity | NA | ₹149 per month per segment |
| Calculate Brokerage | Reliance Securities Brokerage Calculator | |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 10 times for Intraday, Upto 3 times for Delivery | Upto 10 times for Intraday |
| Equity Futures | Upto 3 times for Intraday | Upto 2 times |
| Equity Options | No Leverage | NA |
| Currency Futures | No Leverage | NA |
| Currency Options | No Leverage | NA |
| Commodities | NA | Upto 2 times |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| 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 | NOW, Nest, AMI Broker, Presto, Blitz |
| Total BSE+NSE Complaints | 69 | 4 |
| OVERALL RATING |  |  |
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with Reliance Securities Vs Finvasia for the benefits of other readers. Please feel free to share in the comments below.
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Reliance Securities Vs Finvasia
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