Reliance Money Vs EZ Wealth – Indian Share Brokers Comparison
Reliance Money Vs EZ Wealth
Here is a point by point comparison of Reliance Money Vs EZ Wealth. 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 a presence in over 1700 branches.
EZ Wealth is a New Delhi based discount stock broker coming from the house of Wealth Discovery Securities Private limited. The broker offers low brokerage at 11 and in fact offers multiple brokerage plans depending on user’s preference. Furthermore, the broker also provides free research and tips to its clients.
Everything about discount brokers such as EZ Wealth is Online, be it – customer service, trading, account opening etc. Full-service brokers such as Religare Securities, on the other hand, 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 Religare Securities Vs EZ Wealth 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 stockbroking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
Reliance Securities Review | EZ Wealth Review | |
OVERVIEW | ||
Broker Type | Full Service Broker | Discount Broker |
Incorporated In the Year | 2006 | 2017 |
Number of branches across India | 1700 | 1 |
Exchanges | NSE, BSE, & MCX-SX | NSE, BSE, MCX, NCDEX |
ACCOUNT CHARGES | ||
Trading Account Opening Charges | ₹950 | ₹1100 |
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 | |
BROKERAGE | ||
Equity Delivery | 0.5% to 0.08% | ₹11 per executed order |
Intraday Delivery | 0.05% to 0.005% | ₹11 per executed order |
Equity Futures | 0.05% to 0.005% | ₹11 per executed order |
Equity Options | ₹7 to ₹10 per lot | ₹11 per executed order |
Currency Futures | 0.04% | ₹11 per executed order |
Currency Options | ₹40 per lot | ₹11 per executed order |
Commodity | NA | ₹11 per executed order |
Calculate Brokerage | Reliance Securities Brokerage Calculator | EZ Wealth Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 10 times for Intraday, Upto 3 times for Delivery | 3 to 10 times for Intraday |
Equity Futures | Upto 3 times for Intraday | Upto 2.5 Times |
Equity Options | No Leverage | NA |
Currency Futures | No Leverage | Upto 2.5 Times |
Currency Options | No Leverage | NA |
Commodities | NA | Upto 2.5 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 | EZ Desk, EZ WEb, EZ Mobi |
Total BSE+NSE Complaints | 69 | 41 |
OVERALL RATING | ||
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 Reliance Money Vs EZ Wealth for the benefits of other readers. Please feel free to share in the comments below.
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