Zipper Trade Vs Reliance Money – Share Brokers Comparison
Zipper Trade Vs Reliance Money
Here is a point by point comparison of Zipper Trade Vs Reliance Money. Reliance Money 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. Zipper Trade is a discount broker launched recently in 2016 from the house of RK Stock holding. The broker free account opening but does a pretty average job in aspects such as trading platforms, service, exposure.
Full service brokers such as Zipper Trade or Reliance Money 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. Discount brokers such as Zipper Trade offer trading services at much cheaper brokerage rates and reasonable customer service. 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 Zipper Trade Vs Reliance Money 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 | Zipper Trade Review | |
OVERVIEW | ||
Incorporated In the Year | 2006 | 2016 |
Number of branches across India | 1700 | 1 |
Exchanges | NSE, BSE, & MCX-SX | NSE, BSE, MCX-SX, MCX and NCDEX |
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 | Zipper Trade Transaction Charges |
BROKERAGE | ||
Equity Delivery | 0.5% to 0.08% | ₹15 per executed order or 0.1% of turnover (whichever is lower) |
Intraday Delivery | 0.05% to 0.005% | ₹15 per executed order or 0.1% of turnover (whichever is lower) |
Equity Futures | 0.05% to 0.005% | ₹15 per executed order or 0.1% of turnover (whichever is lower) |
Equity Options | ₹7 to ₹10 per lot | ₹15 per executed order |
Currency Futures | 0.04% | ₹15 per executed order or 0.1% of turnover (whichever is lower) |
Currency Options | ₹40 per lot | ₹15 per executed order |
Commodity | NA | ₹15 per executed order |
Calculate Brokerage | Reliance Securities Brokerage Calculator | Zipper Trade Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 10 times for Intraday, Upto 3 times for Delivery | Upto 10 times for Intraday, No exposure for Delivery |
Equity Futures | Upto 3 times for Intraday | 2 times for Intraday |
Equity Options | No Leverage | 3 times for Intraday |
Currency Futures | No Leverage | 2 times for Intraday |
Currency Options | No Leverage | 3 times for Intraday |
Commodities | NA | 2 times for Intraday |
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 | ODIN Diet, NOW Online |
Complaints percentage | 0.08% | 0.05% |
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 Zipper Trade Vs Reliance Money for the benefits of other readers. Please feel free to share in the comments below.
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