Reliance securities has been successful with unlimited trading facility at cheaper and flat rates. But in a typical Reliance fashion, reliance securities too chose to offer limit cards and brokerage charges per transaction.

Like any other online stock trading broker, reliance securities also follows sliding scale brokerage tariff, which allows traders who trade in stock market in large scale attract less brokerage percentages and more brokerage percentages for low – volume traders.

Reliance securities has recently come up with insta plus (a browser based software) for retail investors and insta Xpress (a desktop based software) for dealers and Corporates. The brokerage charges under insta plus is still competitive.

Reliance securities is a group company of Reliance Capital under Anil Dhirubhai Ambani group.

Features of Reliance Securities:

1. Stocks as collateral facility: This is basically pledging your existing stocks to trade stocks intraday /sell positions of Futures and options.

   
   




2. Call and Trade facility is there, but it attracts Rs 15 per executed order.

   
   




3. Intraday trading facility is there . The margin money would be 10 times available money for stocks trading. 10 times for stock futures trading and 18 times for index futures trading. Margin money facility is not there for options trading.

   
   




4. For an average retail investor they charge 0.45% in cash segment, 0.05% for intraday trades and futures and Rs 50 per option lot.

   
   




5. For trading in commodities they have a separate website . You will have to request separately to get access to it.

   
   




6. Facility trade/invest in

   
   

Stocks

IPOs

Futures

Options

Commodities

Mutual funds

General Insurance

Life Insurance

Pure Swiss Gold Coins

Forex

Disadvantages of Reliance Securities:

1. Since it’s not into banking business, trinity accounts are not possible. You will have to link another bank account like (ICICI, HDFC etc). This is not a big deal though.

Advantages of Reliance Securities:

1. Competitive brokerage charges.

   
   




2. Security token facility is there.

   
   




3. The outlets are there in a plenty of cities across the country.

   
   

I would like the readers who use reliance money to comment on this page about their trading experience.