Reliance Securities: Overview
Reliance securities also called Reliance Smart Money is a full-service online trading and investment platform and is the broking arm of Reliance Capital. So, let’s have a look at Reliance Securities Features, reviews, trading account opening and Brokerage Charges. Reliance Securities started its operation in 2005. It has a strong presence across the country with 1000+ offices serving 8 Lakh customers.
Reliance Securities offers services in:
- Equities
- NCDs/Bonds
- Sovereign Gold Bond
- IPOs
- Mutual Funds
- Derivatives
- Currency
- Corporate FDs
- Insurance Products
- Securities Lending & Borrowing
- Auction Market Participation
Features of Reliance Securities
- Competitive Brokerage: Provides different competitive brokerage plans suited for different categories of investors and traders
- Smart Trading Platforms: Offers a wide range of user-friendly trading platforms from browser-based platform to application based for both computer and mobile devices. It also offers call and trade facility to its customers
- Research: It offers it customers with specialized research report ranging from investment summaries, pre-market reports, futures and options (F&O) calls, options strategies, and its proprietary R-Model Portfolio service.
- Support Services: Get assisted through Relationship Managers in understanding the market dynamics and execution of buying and sell calls
- Reward Programme: It offers its customers with specially designed reward program those use the online platform in equity trading, Investing in Mutual Funds, and select NCDs.
Reliance Securities Brokerage Plan and Charges
Reliance Securities offer three types brokerage plans to its customer depending on the trading and investment pattern. Trading Account opening charges Rs.950 which is a one-time charge. All plans are discussed in details below.
1. R-Flexi Plan: It offers a sliding scale brokerage plan in which charges decreases with the increase in volume traded. The benefits of this Flexi scheme available in Delivery, Margin, and options. The scheme is best suited for high-value traders.
2. RFixed Online Plan: This plan is designed for online customers who themselves operates and executes a trade without any dealer support. The plan has fixed brokerage charges, irrespective of the size of the transaction with seamless trading experience on web platforms.
3. R Fixed Plan: In this plan, the customer will have the option to pay a fixed cost for all your trades with the ease of having access to branch and a relationship manager who will help to take investment decisions based on in-house generated fundamental and technical research reports.
Reliance Trading platforms
- TICK: It is the most advanced trading software offered by Reliance Securities with features like Big Data Analytics, Robo insights, News Analytics, Portfolio & Trade Highlights, Technical Alerts & Signals.
- TICK Pro: This is an App based trading platform with same features of TICK trading software.
- INSTA EXPRESS: It’s a free, .exe based trading tool which provides super fast trading experience in equity and derivatives. It allows trading in real time environment with live market rates of scrips in NSE, BSE & NSE Currency.
- INSTA PLUS: It’s a web-based trading platform which provides seamless trading experience to retail customers.
Features of Platform
- Integrated market watch for Equities and Derivatives
- Live Streaming Quotes
- Know your margins before order entry
- Multiple payment gateways
- Integrated research with fundamental and technical analysis
- Seamless investments in Mutual funds, IPOs, Bonds, etc.
- Advanced charting tools.
- Branch Desk Dealing: This service is assisted by your Relationship Manager (RM). The RM guides the investor with all short of market information and executes the trade on the behalf of customer.
- Call and Trade: This facility is available to customer every trading day from 8:30 AM to 4:30 PM.
- Trade Express: It’s a Java based trading tool to provide world class terminal-like trading experience to customers. Few features are:
- Stream quotes from stock exchanges.
- Single screen for cash and derivatives to make hassle free trading and investing in stocks
- Multiple market watch profiles.
- View holdings, check limits on one screen
Reliance Securities Ltd.
Pros
- Offers flexible brokerage plan and trading medium to customers.
- All investment product and financial service are available under one roof
- Spread across all major cities
Cons
- Plans with low brokerage charges are available to big traders
- No much difference in brokerage fees with other broking companies for small traders
Reliance Security is a reputed stock broking arm and provides a wide array of financial solutions to its customers. Its advanced analytics and Robo-trading software provide an edge over other broking companies to advanced free trading software. It’s reasonably priced broking plans are designed keeping in mind of needs of the different types investors. It combines the value of research, big data analytics and long experience in capital markets to provide value to customers.
Frequently Asked questions (FAQs)
- How do I check my current brokerage plan on the trading portal?
Please follow the below-mentioned steps after you login to your trading account on Insta Plus Platform:
- Click on ‘Quick Link’ option displayed on the left-hand side of the trading page.
- Click on My Profile option and scroll down and check ‘Brokerage Details’.
-
How many bank accounts can be linked to my trading account?
You can link a maximum of three bank accounts with your trading account for making payment. -
I want to change my e-mail address and mobile number through the online portal.
Please follow the below-mentioned steps after you login to your account:
- Click on ‘Quick Link’ option displayed on the left-hand side of the trading page.
- Click on ‘My Profile’ option and click on ‘Update Primary Email and Phone Number’.
- My account is dormant. How do I activate it?
Please follow below mentioned steps to activate account:
- Open the website www.rsec.co.in
- Click on Trade
- Enter User IDand it will redirect to reactivation page
- Enter PAN Number and registered email address and click on submit
- Your account will be reactivated immediately and you will be redirected to reset your login password.
-
How can I generate an online password?
Please follow the steps mentioned below to generate a new password
A. Open www.rsec.co.in
B. Click on, “Trade”
C. Enter User ID
D. Click on, “Forget password”
E. A new window will open. Please enter PAN number and registered email address
F. A new window will open. Please select the desired option and password will be sent to registered email address. -
How to place Equity and Derivative orders?
Please follow below mentioned process to place order in Insta Plus
1. Equity Order
A. Login to New Insta Plus
B. Click on “Equity”
C. Click on ”Place Order”
D. Select “Exchange”
E. Select the scrip name you wish to Buy or Sell
F. Select the Product Code
G. Enter the Quantity that you wish to Buy or Sell
H. Select the Order Type Limit, Market or Stop Loss –L (DO not select Stop Loss-M)
I. Select retention type as DAY
J. Click on Submit to complete the order placing process.
2. Derivative Order
A. Login to New Insta Plus
B. Click on “Derivative”
C. Select the exchange as NFO
D. Select the Instrument Type – OPTSTK, OPTIDX, OPTIGX, FUTSTK, FUTIDX, and FUTIGX
E. Select the Symbol
F. Select the expiry month – 1st Month, 2nd Month
G. Select Option Type – CE, PE (Applicable for Options)
H. Select the Strike Price (Applicable for Options)I. Select the Action (Buy/Sell)
I. Select the Product Code as, “NRML/MIS/CO” (CO for Nifty /Bank Nifty)
J. Enter the Quantity that you wish to Buy or Sell
K. Select the Order Type Limit, Market or Stop Loss
L (DO not select Stop Loss-M)L. Select retention type as Day
M. Click on Submit to complete the order placing process
- How does one check trading ledger balance and Demat holdings?
Ledger Balance
Please follow below mentioned steps to check Current Ledger in Insta Plus:
A. Login to New Insta Plus.
B. Click on, “Equity”
C. Click on, “Limits”
Demat Holding
Please follow below mentioned steps to check Demat Holding in Insta Plus:
- Login to Insta Plus
- Click on Equity
- Click on DP Holdings
After placing fund withdrawal, when will I receive credit in my bank account?
A. If request is placed before 4.30 PM on working day and correct IFSC code is updated then the amount will credit in his bank account on T+1 day
B. If request is placed after 4.30 PM on working day and correct IFSC code is updated then amount will credit in his bank account on T+2 day
C. If request is placed before 4.30 PM on working day and IFSC code is not updated then cheque for withdrawn amount will be sent to the nearest branch in T+6 working days
Reliance Securities: Account Opening Process
One can open an account in Reliance Securities in three ways
- Through their customer help desk no.
- Get yourself registered through online application form available in website (https://dbo.rsec.co.in/diy/home) or Whatsapp to executive at their number.
- By visiting nearest branch office
- For online registration, users should upload scanned copy of PAN copy, Adress Proof, Personalised Cancelled Cheque as required with pther stock brokers in India.
Reliance Securities: Account Opening Charges
| Charge Type | Amount |
|---|---|
| Trading Account Opening Charges | ₹950 (One-time) |
| Demat Account Opening Charges | ₹0 |
| Trading Account AMC | ₹0 |
| Demat Account AMC | ₹400 p.a. |
Reliance Securities: Trading Account Charges
How to invest in stocks through Insta Express Trading platform?\n\n- Login to NEST platform and enter security answers when prompted. To add stocks to watch list, select NSE/BSE in dashboard\n- To allocate funds, Click to secure link and then choose Add funds (it will redirect to your linked account). Enter the stock symbol or name and press enter to add. To buy stock, press F1 on the stock name in market watch. Enter quantity, price(if limit order) and submit your order. Cross check your order, then press enter to place the order\n- Check order book or Net positions to view or buy. In order to sell, press F2 on the stock and place your order
Reliance Securities: Currency Trading
About Reliance Securities:
Reliance Securities is an arm of Reliance Capital. It was founded in 2005 and is headquartered in Mumbai. It is a Full-service broker which is registered with both NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).
Segments offered:
Reliance Securities provides a range of investment products like Equities, IPO’s, Derivatives, and some other financial services such as PMS (Portfolio Management Scheme), Insurance, etc.
In derivatives, it includes Equities, Currencies, and Commodities. A trader can get all the required products to trade in Reliance Securities.
To open an account, you need to have some basic documents such as Identity proof, Address proof, Income proof, PAN card, and a cancelled cheque of your Bank account.
Charges:
Being a Full-service broker Reliance Securities charges a nominal fee of Rs 400 per annum. The account opening is completely free and virtual.
There are 2 brokerage plans that Reliance provide, they are:
1) R- Online Insta Account Plan:
This is a discount broking plan that does not include some services like Research reports, Relationship manager, etc. In this plan the Brokerage is fixed at 0.25% for Equity Delivery & Intraday trading. For Futures trading the brokerage is 0.025% and for Options, the charges are Rs 25 per Lot. This includes Commodities, Equities, and Currencies.
2) R- Fixed Plan:
The second type of plan that Reliance Securities provide is a comprehensive plan. You will get the benefits of Full-services broker in this plan. The brokerage is 0.50% for Equity Delivery and 0.05% for Equity Intraday trading. The brokerage for Futures is 0.05% and for options, and Rs 100 per Lot for Currencies, Equity and Commodities.
Conclusion:
To conclude it can be said that Reliance Securities is a good Full-Service broker that provides many services apart from broking. The only downside to this platform is that it’s very expensive when it comes to Equity, Currency or Commodities trading. Even with the R-Online Insta account, the brokerage is Rs 25 per lot which is more than most of the discount brokers. The brokerage in the R-Fixed is even higher at Rs 100 per lot.