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IIFL vs Reliance Securities (Compare IIFL vs Reliance Securities)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between IIFL vs Reliance Securities, Below comparison of IIFL vs Reliance Securities highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of IIFL vs Reliance Securities is given below:

IIFL Reliance Securities
About The Brokers
IIFL :

"IIFL is the renowned stockbroker who provides various financial products to its customers at nominal brokerage. They have an excellent online presence and protect you   >>> more

Reliance Securities :

"Reliance Securities is certainly a renowned name in share brokerage Industry with over 1.15 lakh active customer base, powerful online trading tools, Research based i   >>> more

Find More Information about the Broker :
IIFL :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Reliance Securities :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
IIFL :
 Full Service Broker
Reliance Securities :
 Full Service Broker
Promo/offers
IIFL :
Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades.Get the offer
Reliance Securities :
N/A
Advantage
IIFL :
  • Offer online IPO and Equity SIP
  • 1900+ branches all over India & have a global presence
  • Trading facility to NRIs is provided
  • Provide multiple broking plans
  • IIFL Trade terminal is one of the best trading terminal in India
  • Offer Commodity Trading & Investment facility in Mutual funds & IPO
Reliance Securities :
  • Live chat facility available
  • Easy-to-use website.
  • Trading through an in-house secured website
  • Almost all financial services available including commodity trading
  • Brokerage is average compare to top-notch brokerage firm, however, equal to most average brokers
  • Big margin and option to pay within t+5 days
  • Free for first 20 calls in a month
  • Intensive Research support
Disadvantage
IIFL :
  • Scope improvement is there in customer support.
  • Provides only 2-in-1 account facility
  • Less transparency in brokerage plans
  • High brokerage.
  • Minimum Brokerage charges
Reliance Securities :
  • Customer services needs to be improved.
  • Lots of hidden charges are included
  • High Brokerage Charges
  • Do not provide 3-in-1 trading account
Why This
IIFL :
  • Full-service broker who provide 2-in-1 On-line trading account to Indian as well as NRIs present all over the world.
  • Provide IPO service and equity SIP also
  • Amongst top 10 stock brokers in India
  • Best rated mobile Trading Platforms with >1.9m download.
  • Have branches all over India. Approx 1900+ Branches
  • They provide multiple brokerage plans
  • All investment options - Equities, IPO, Mutual Funds,ETFs,Commodities,F&O
  • Offer NRI Trading.
Reliance Securities :
  • Award Winning trustworthiness of the Reliance Group.
  • Reliance Securities is registered with both NSE and BSE and offers trading facilities in equity, derivatives, currency, ETF's, Mutual Funds, NCD/Bonds, corporate FD's, Sovereign gold bonds etc.
  • They have dedicated research team who continuously track the domestic and global market to provide essential information and repost to their clients for appropriate investment for their hard earned money.
  • They Pay due attention to their trading technology and have more than 10 platform for their clients to trade.
  • They provide investment opportunity to NRIs and have a various offering for them.
  • The customer can place after market orders (AMO) for next day post market hours.

IIFL vs Reliance Securities Account Opening & AMC Charges

IIFL Trading Account Opening Fee is ₹250+GST and Reliance Securities Trading Account Opening Fee is ₹950 . IIFL Demat Account AMC is ₹0 (for the 1st Year) and after ₹400 per year and Reliance Securities Demat Account AMC is ₹400 .

IIFL Reliance Securities
Trading Account Opening Fee Trading Account Opening Fee :

₹250+GST

Trading Account Opening Fee :

₹950

Demat Account Opening Fee Demat Account Opening Fee :

₹0

Demat Account Opening Fee :

₹0

Demat Account AMC Demat Account AMC :

₹0 (for the 1st Year) and after ₹400 per year

Demat Account AMC :

₹400

Trading Account AMC Trading Account AMC :

₹0

Trading Account AMC :

₹0


IIFL vs Reliance Securities Brokerage Charges

IIFL Brokerage Charges Equity Delivery is ₹ 0 and Equity Intraday is ₹ 20 or 0.05% whichever is lower and Equity Options is ₹ 20 . Reliance Securities Brokerage Charges Equity Delivery is 0.50% and Equity Intraday is 0.05% and Equity Options is ₹100 per lot .

IIFL Reliance Securities
Plan Name Plan Name :

Standard Plan

Plan Name :

R Fixed plan

Plan Name :

R Flexi Plan

Equity Delivery Equity Delivery :

₹ 0

Equity Delivery :

0.40%

Equity Delivery :

0.50%

Equity Intraday Equity Intraday :

₹ 20 or 0.05% whichever is lower

Equity Intraday :

0.04%

Equity Intraday :

0.05%

Equity Future Equity Future :

₹ 20 or 0.05% whichever is lower

Equity Future :

0.04%

Equity Future :

0.05%

Equity Options Equity Options :

₹ 20

Equity Options :

₹100 per lot

Equity Options :

₹100 per lot

Currency Futures Currency Futures :

₹ 20 or 0.05% whichever is lower

Currency Futures :

0.04%

Currency Futures : -
Currency Options Currency Options :

₹ 20

Currency Options :

₹100 per lot

Currency Options : -
Monthly Fee Monthly Fee :

₹0

Monthly Fee :

NA

Monthly Fee :

NA

Margin Trading Margin Trading :

Yes

Margin Trading : - Margin Trading : -
Commodity Futures Commodity Futures :

₹ 20 or 0.05% whichever is lower

Commodity Futures :

NA

Commodity Futures : -
Commodity Options Commodity Options :

₹ 20

Commodity Options :

NA

Commodity Options : -

IIFL vs Reliance Securities Transaction Charges (Per Crore)

IIFL Transaction Charges (Per Crore) Equity Future is 0.0021% and Equity Options is 0.051% on premium . Reliance Securities Transaction Charges (Per Crore) Equity Future is 0.0033% and Equity Options is 0.063% on premium .

IIFL Reliance Securities
Equity Delivery Equity Delivery :

0.00325%

Equity Delivery :

0.0035%

Equity Intraday Equity Intraday :

0.00325%

Equity Intraday :

0.0035%

Equity Future * Equity Future :

0.0021%

Equity Future :

0.0033%

Equity Options * Equity Options :

0.051% on premium

Equity Options :

0.063% on premium

Currency Futures * Currency Futures :

0.0021%

Currency Futures : -
Currency Options Currency Options :

0.051% on premium

Currency Options : -
Commodity Commodity :

0.0028%

Commodity :

NA


IIFL vs Reliance Securities Other Charges

IIFL Minimum Brokerage is ₹0.05 per share (₹25 Min) and Call & Trade is ₹50 per call . Reliance Securities Minimum Brokerage is 5 paise per share and Call & Trade is ₹20 per call (First 20 calls free) .

IIFL Reliance Securities
Minimum Brokerage Minimum Brokerage :

₹0.05 per share (₹25 Min)

Minimum Brokerage :

5 paise per share

Call & Trade Call & Trade :

₹50 per call

Call & Trade :

₹20 per call (First 20 calls free)

Stamp Duty * Stamp Duty :

Charges as per the state of residence

Stamp Duty :

Charges as per the state of residence

DP Charges (on sell side) DP Charges (on sell side) :

0.04% (minimum ₹25 per debit transaction)

DP Charges (on sell side) :

0.04% of transaction value (minimum Rs 27)

Other Miscellaneous Charges Other Miscellaneous Charges :

Advisory SMS - ₹50 per month

Other Miscellaneous Charges :

Physical contract note: ₹40 | Physical Ledger: ₹40


IIFL vs Reliance Securities Features

IIFL and Reliance Securities both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

IIFL Reliance Securities
Trading Platform Trading Platform :

Trader terminal and IIFL Markets App

Trading Platform :

Tic PC, Tick Web, Tick Pro mobile app

Placing orders through charts Placing orders through charts :

No

Placing orders through charts :

yes

Trading Alerts Trading Alerts :

No

Trading Alerts :

Yes

Research and Advice / Trading Tips Research and Advice / Trading Tips : - Research and Advice / Trading Tips : -
Detailed Education Initiatives Detailed Education Initiatives :

Yes

Detailed Education Initiatives :

No

Unique features & Offers Unique features & Offers :

Market mantra, IIFL calls, Loyalty points

Unique features & Offers :

Option strategies, R Model Portfolio

Referral Program Referral Program : - Referral Program : -
Margin Against Shares (Equity Cash) * Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity F&O) * Margin Against Shares (Equity F&O) :

No

Margin Against Shares (Equity F&O) :

Yes


IIFL vs Reliance Securities Demat Account Charges

A comparative table of various demat account charges between IIFL and Reliance Securities is below:

IIFL Reliance Securities
Depository Service Provider Depository Service Provider :

CDSL and NSDL

Depository Service Provider :

CDSL

Account Opening Fee Account Opening Fee :

₹750

Account Opening Fee :

₹950

Advance Deposit Advance Deposit :

Nil

Advance Deposit :

Nil

AMC AMC :

₹0

AMC :

₹0

Dematerialisation Charges Dematerialisation Charges :

₹15 per certificate + ₹40 as postal charges

Dematerialisation Charges :

₹30 per request + ₹5 for each certificate

Rematerialisation Charges Rematerialisation Charges :

₹15 per certificate or ₹15 for every 100 securities or part thereof whichever is higher + ₹40 for courier

Rematerialisation Charges :

₹40 for 100 securities or a flat fee of ₹25 per certificate which ever is higher + postal charges

Transaction Charges (Credit) Transaction Charges (Credit) : - Transaction Charges (Credit) : -
Transaction Charges (debit) Transaction Charges (debit) :

0.05% (Min ₹15 and max ₹100)

Transaction Charges (debit) :

₹15

Pledge Creation Charges Pledge Creation Charges :

₹50

Pledge Creation Charges :

₹0.05% of transaction value or minimum of ₹30 per ISIN

Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges :

Nil

Pledge Creation Confirmation Charges :

₹0.05% of transaction value or minimum of ₹30 per ISIN

Pledge Invocation Charges Pledge Invocation Charges :

Nil

Pledge Invocation Charges :

₹0.05% of transaction value or minimum of ₹30 per ISIN

Failed Instruction Charges Failed Instruction Charges :

Nil

Failed Instruction Charges :

Nil

Other Charges Other Charges :

Nil

Other Charges :

Additional account statements for Individuals/HUFs/ Corporate: ₹40 per Statement

For NRI / Foreign Nationals: ₹100 per Statement


IIFL vs Reliance Securities Basic Details

IIFL Year of Incorporation is 1996 and Total Number of Clients is 889367 and Total Number of Branches is 900 . Reliance Securities Year of Incorporation is 2006 and Total Number of Clients is 112385 and Total Number of Branches is 40 .

IIFL Reliance Securities
Year of Incorporation Year of Incorporation :

1996

Year of Incorporation :

2006

Active Exchange Memberships Active Exchange Memberships :

NSE, BSE, MCX, and NCDEX

Active Exchange Memberships :

NSE, BSE, MCX, NCDEX

Demat Services Demat Services :

Yes

Demat Services :

No

Website Website :

https://www.indiainfoline.com

Website :

https://www.rsec.co.in

Contact Details Contact Details :

022-400710000

Contact Details :

022-39886000

Total Number of Clients Total Number of Clients :

889367

Total Number of Clients :

112385

Total Number of Branches Total Number of Branches :

900

Total Number of Branches :

40

Products * Products :

Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution, currency and commodity broking

Products : -

IIFL vs Reliance Securities Leverage

Leverage

IIFL Reliance Securities
Equity Delivery Equity Delivery :

Upto 3x (18% Annual Interest)

Equity Delivery :

Upto 3x with 21% interest per year

Equity Intraday Equity Intraday :

Upto 20x

Equity Intraday :

Upto 10x

Equity Futures Equity Futures :

Upto 3x

Equity Futures :

Upto 3x

Equity Options Equity Options :

3x for shorting

Equity Options :

Nil

Currency Futures Currency Futures :

Upto 2x

Currency Futures :

Nil

Currency Options Currency Options :

2x for shorting

Currency Options :

Nil

Commodity Futures Commodity Futures :

Upto 3x

Commodity Futures :

NA

Commodity Options Commodity Options : - Commodity Options : -
F&O (Eq, Curr, Comm) F&O (Eq, Curr, Comm) : - F&O (Eq, Curr, Comm) : -

IIFL vs Reliance Securities Orders

Orders

IIFL Reliance Securities
Cover Orders (CO) Cover Orders (CO) :

Yes

Cover Orders (CO) :

Yes

Bracket orders / One Cancels Other (BO / OCO) Bracket orders / One Cancels Other (BO / OCO) :

Yes

Bracket orders / One Cancels Other (BO / OCO) :

No

After Market Orders (AMO) After Market Orders (AMO) :

Yes

After Market Orders (AMO) :

No

Buy Today Sell Tomorrow (BTST) * Buy Today Sell Tomorrow (BTST) :

Yes

Buy Today Sell Tomorrow (BTST) :

Yes

Sell Today Buy Tomorrow (STBT) * Sell Today Buy Tomorrow (STBT) :

Yes

Sell Today Buy Tomorrow (STBT) :

Yes

Good Till Cancelled (GTC) * Good Till Cancelled (GTC) :

Yes

Good Till Cancelled (GTC) :

Yes


IIFL vs Reliance Securities Research and Advice / Trading Tips

Research and Advice / Trading Tips

IIFL Reliance Securities
Equity Trading Recommendation * Equity Trading Recommendation :

Yes

Equity Trading Recommendation : -
Equity Investment Recommendation * Equity Investment Recommendation :

Yes

Equity Investment Recommendation : -
Recommendation basis risk Profile * Recommendation basis risk Profile :

Yes

Recommendation basis risk Profile : -
Comparison * Comparison :

Yes

Comparison : -
Free Tips * Free Tips :

Yes

Free Tips : -
Daily Market report * Daily Market report :

Yes

Daily Market report : -
ETF research * ETF research :

Yes

ETF research : -
Quarterly Results * Quarterly Results :

Yes

Quarterly Results : -

IIFL vs Reliance Securities Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

IIFL Reliance Securities
Availability for franchisee / AP Availability for franchisee / AP :

Yes

Availability for franchisee / AP :

Yes

Investment required for Franchisee / AP Investment required for Franchisee / AP :

Rs.75,000 to Rs.2,00,000

Investment required for Franchisee / AP :

Rs.50,000 to 3,00,000


IIFL vs Reliance Securities Product & Services

IIFL and Reliance Securities both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

IIFL Reliance Securities
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading : -
Margin Trading * Margin Trading :

Yes

Margin Trading : -
Call in Trade * Call in Trade :

Yes

Call in Trade : -
Trading in Both the exchanges * Trading in Both the exchanges :

Yes

Trading in Both the exchanges : -
Limit Order * Limit Order :

Yes

Limit Order : -
3-in-1 On-line Trading Account * 3-in-1 On-line Trading Account :

No

3-in-1 On-line Trading Account : -
NRI Services * NRI Services :

Yes

NRI Services : -
SMS Alerts * SMS Alerts :

Yes

SMS Alerts : -
Offers Multiple Plan * Offers Multiple Plan :

Yes

Offers Multiple Plan : -
IPO Investment * IPO Investment :

Yes

IPO Investment : -
Portfolio Analysis * Portfolio Analysis :

Yes

Portfolio Analysis : -
Advanced Charting Features * Advanced Charting Features :

Yes

Advanced Charting Features : -
Brokerage Calculator * Brokerage Calculator :

No

Brokerage Calculator : -
Margin Calculator * Margin Calculator :

No

Margin Calculator : -
Stop Loss Order * Stop Loss Order :

Yes

Stop Loss Order : -
Bracket Orders & Trailing Stop Loss * Bracket Orders & Trailing Stop Loss :

Yes

Bracket Orders & Trailing Stop Loss : -
Equity Future & Option Trading * Equity Future & Option Trading :

Yes

Equity Future & Option Trading : -
Currency Future & Option Trading * Currency Future & Option Trading :

Yes

Currency Future & Option Trading : -
Market Trading * Market Trading :

Yes

Market Trading : -
Monthly & Yearly Plan * Monthly & Yearly Plan :

No

Monthly & Yearly Plan : -
Aumtomated Trading * Aumtomated Trading :

No

Aumtomated Trading : -

IIFL vs Reliance Securities Customer Services

IIFL and Reliance Securities both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

IIFL Reliance Securities
Toll Free Number * Toll Free Number :

No

Toll Free Number : -
Live Chat Facility * Live Chat Facility :

No

Live Chat Facility : -
Email Facility * Email Facility :

Yes

Email Facility : -
Branch Offices * Branch Offices :

Yes

Branch Offices : -
Customer Care * Customer Care :

Yes

Customer Care : -
Community Service * Community Service :

Yes

Community Service : -
Relationship Manager * Relationship Manager : - Relationship Manager : -
24/7 Support * 24/7 Support :

No

24/7 Support : -

IIFL vs Reliance Securities Other Investement

IIFL and Reliance Securities both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

IIFL Reliance Securities
Commodity Trading * Commodity Trading :

Yes

Commodity Trading : -
Investment in ETFs * Investment in ETFs :

Yes

Investment in ETFs : -
Investment in Mutual Funds * Investment in Mutual Funds :

Yes

Investment in Mutual Funds : -
Investment in Bonds * Investment in Bonds :

Yes

Investment in Bonds : -
Investment in Corporate Debt instruments * Investment in Corporate Debt instruments :

Yes

Investment in Corporate Debt instruments : -
Insurance Services * Insurance Services :

Yes

Insurance Services : -
Banking Services * Banking Services :

No

Banking Services : -

IIFL vs Reliance Securities Trading PlatForm

IIFL and Reliance Securities both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

IIFL Reliance Securities
Web Platform * Web Platform :

Yes

Web Platform : -
Android Mobile App * Android Mobile App :

Yes

Android Mobile App : -
Desktop Windows * Desktop Windows :

Yes

Desktop Windows : -
Desktop Mac * Desktop Mac :

No

Desktop Mac : -
I-Pad App * I-Pad App :

Yes

I-Pad App : -
Virtual Trading * Virtual Trading : - Virtual Trading : -
iPhone Mobile App * iPhone Mobile App :

Yes

iPhone Mobile App : -
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