Reliance Money Vs Yes Securities – Stock Brokers Comparison
Reliance Money Vs Yes Securities
Here is a point by point comparison of Reliance Money Vs Yes Securities. Yes Securities, a bank based full service stock broker, was established in 2013 and has its headquarters in Mumbai. The broker offers free demat and trading account, provides tips and research to its clients at a reasonable brokerage percentage based rate. 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.
Full service brokers such as Reliance Money or Yes 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 Money Vs Yes 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
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 | Yes Securities Review | |
OVERVIEW | ||
Incorporated In the Year | 2006 | 2013 |
Number of branches across India | 1700 | 52 |
Exchanges | NSE, BSE, & MCX-SX | BSE, NSE |
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 | ₹500 |
Transaction Charges | Reliance Securities Transaction Charges | Yes Securities Transaction Charges |
BROKERAGE | ||
Equity Delivery | 0.5% to 0.08% | 0.45% or ₹25 whichever is higher |
Intraday Delivery | 0.05% to 0.005% | 0.05% |
Equity Futures | 0.05% to 0.005% | 0.05% |
Equity Options | ₹7 to ₹10 per lot | ₹75 per lot |
Currency Futures | 0.04% | 0.05% |
Currency Options | ₹40 per lot | ₹75 per lot |
Commodity | NA | NA |
Calculate Brokerage | Reliance Securities Brokerage Calculator | Yes Securities Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 10 times for Intraday, Upto 3 times for Delivery | Intraday upto 5 times |
Equity Futures | Upto 3 times for Intraday | Upto 3 times for intraday |
Equity Options | No Leverage | Buying No Leverage, Shorting upto 3 times for Intraday |
Currency Futures | No Leverage | Upto 2 times for intraday |
Currency Options | No Leverage | Buying No Leverage, Shorting upto 3 times for Intraday |
Commodities | NA | NA |
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 | Yes Web, Mobile App |
Complaint %age against the broker | 0.08% | 0.09% |
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 Money Vs Yes Securities for the benefits of other readers. Please feel free to share in the comments below.
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