Reliance Money Vs Upstox

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Reliance Money Vs Upstox

Here is a point by point comparison of Reliance Money Vs Upstox. 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.

Upstox is a discount broker launched by 3 co-founders in 2012. Today, RKSV does a daily turnover of ₹5000 Crore with a customer base of around 20,000. The firm has been backed up by some of the prominent names such as Ratan Tata, Kalaari Capital and GVK Davix.

Everything about discount brokers such as Upstox is Online, be it – customer service, trading, account opening etc. Full service brokers such as Reliance Money, 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 Reliance Money and Upstox to help you find which of the two suits your needs better. The comparison is made on various 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 and which one to go for.



	Reliance Securities Review	Upstox Review
OVERVIEW
Broker Type	Full Service Broker	Discount Broker
Incorporated In the Year	2006	2012
Number of branches across India	1700	3
Exchanges	NSE, BSE, & MCX-SX	NSE, BSE, MCX and MCX – SX
ACCOUNT CHARGES
Trading Account Opening Charges	₹950	₹150
Trading Account Annual Maintenance Charges	₹0	₹0
Demat Account Opening Charges	₹0	₹0
Demat Account Annual Maintenance Charges	₹400	₹150
Transaction Charges	Reliance Securities Transaction Charges	Upstox Transaction Charges
BROKERAGE
Equity Delivery	0.5% to 0.08%	₹0
Intraday Delivery	0.05% to 0.005%	₹20 per executed order
Equity Futures	0.05% to 0.005%	₹20 per executed order
Equity Options	₹7 to ₹10 per lot	₹20 per executed order
Currency Futures	0.04%	₹20 per executed order
Currency Options	₹40 per lot	₹20 per executed order
Commodity	NA	₹20 per executed order
Calculate Brokerage	Reliance Securities Brokerage Calculator	Upstox Brokerage Calculator
EXPOSURE OR LEVERAGE
Equity	Upto 10 times for Intraday, Upto 3 times for Delivery	Upto 20 times Intraday
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	Upto 3 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	NEST, Upstox, Upstox Pro
Total BSE+NSE Complaints %age	0.08%	0.12%
OVERALL RATING
	Get a Callback	Get a Call Back

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 Money Vs Upstox for the benefits of other readers. Please feel free to share in the comments below.

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