Upstox Vs Reliance Securities – Comparison:
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Here we compared Upstox vs Reliance Securities based on all segment-wise details knowing which is necessary for every investor. In this comparative study, we highlighted the pros and cons of both the broker for the information of investors.
Upstox (formerly known as RKSV Securities) is a renowned discount broker that started its journey in 2009 based on Mumbai.
This discount broker is famed for its variety of trading terminal offerings and a wide range of products and services. They don’t charge any brokerage for equity delivery.
Whereas, full-service broker Reliance Securities doesn’t require any introduction. It is a company of Business Tycoon Anil Ambani and commenced its journey in the year 2005 based on Mumbai.
- Zero brokerage fee on equity delivery trading
- Flat fee-based brokerage fee structure.
- Trading Account AMC is free of cost.
- Don’t trade in the commodity, mutual funds, forex, SIP & insurance.
- Margin Money not required.
- Percentage based brokerage plan is there.
- DEMAT and Trading Account opening is free of cost.
- It facilitates trading in Mutual Fund & SIP but not in commodity, forex and insurance.
- Required to maintain Margin money of @INR.25,000/-.
- 3-in-1 account feature unavailable.
Upstox Vs Reliance Securities Overview:
Based on the organizational overview we have compared Upstox Vs Reliance Securities as below.
We have compared here both the broker considering the company type, broker type, geographical situation of headquarter and the establishment year.
|Broker Type||Discount Broker||Full-Service Broker|
|Headquarters||Mumbai, India||Mumbai, India|
|Founder||Raghu Kumar, |
Ravi Kumar &
Upstox Vs Reliance Securities Customer Ratings:
Here we have compared Upstox vs Reliance Securities based on the customer ratings on different segments. These ratings are based on the reviews received from the various public platform.
We can see from the below table that in terms of experience & research news Reliance Securities is leading the position, whereas, Upstox is leading while considering the products, services, brokerage fee & trading platform.
|Customer Ratings||Upstox||Reliance Securities|
|Products & Services||6.5/10||6.4/10|
|Brokerage Charges & Fees||9.5/10||6.2/10|
|Stock Research & Advisory||3.0/10||6.1/10|
Upstox Vs Reliance Securities AOC & AMC:
Comparing Upstox and Reliance Securities based on Account Opening and Maintenance charge we get the below details.
Here we can see that Reliance Securities offers free account opening charges to their customer whereas account opening in Upstox is chargeable @INR.150/-. However, both the broker provides free AMC on trading Account.
|DEMAT Services||Upstox||Reliance Securities|
|Depository Source||CDSL||CDSL & NSDL|
|Account Opening Charges||Rs.150||Free|
|DEMAT AMC Charges||Rs.150 per Annum||Free or Rs.400 per Annum|
|Trading AMC Charges||Free||Free|
|Offline to Online||No||No|
Upstox Vs Reliance Securities Brokerage Charges:
Considering the brokerage charge offering we have compared Upstox and Reliance securities as below. Reliance Securities offers a percentage-based brokerage plan whereas, Upstox offers a flat fee-based brokerage plan.
Both the broker has a minimum brokerage charge feature.
|Brokerage Charge & Fees||Upstox Brokerage||Reliance Securities Brokerage|
|Equity Delivery Trading||Zero||0.15% – 0.50%|
|Equity Intraday Trading||Rs.20||0.015% – 0.050%|
|Commodity Options Trading||Rs.20||No|
|Equity Futures Trading||Rs.20||0.015% – 0.050%|
|Equity Options Trading||Rs.20 per lot||Rs.50 – Rs.100 per lot|
|Currency Futures Trading||Rs.20||0.015% – 0.050%|
|Currency Options Trading||Rs.20 per lot||Rs.50 – Rs.100 per lot|
|Minimum Brokerage||Rs.20||As per Transaction|
|DEMAT AMC Charges||Rs.150 per annum||Free or Rs.400 per annum|
|Trading AMC Charges||Free||Free|
Comparison of Other Charges:
Comparing Upstox vs Reliance Securities based on other transaction charges we get these below details. Here we can see that both brokers share similar charge structures excluding the transaction charge.
A Transaction charge of Reliance Securities is more than Upstox.
|Other Charges||Upstox||Reliance Securities|
|Transaction Charges||0.00275% of Total Turnover||0.00350% of Total Turnover|
|STT||0.0126% of Total Turnover||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)||18% of (Brokerage + Transaction Charges)|
Comparison of Offers & Discount:
Contrasting Upstox vs Reliance Securities we get the below comparison on offers. We here can see that in terms of offers Reliance Securities offers several than Upstox.
|Free DEMAT Account||✖||✔|
|Free Trading Account||✔||✔|
|Discount on Brokerage||✔||✔|
|Trading Happy Hours||✖||✖|
|Flexible Brokerage Plans||✖||✔|
|1 Month Brokerage Free||✖||✖|
|Zero Brokerage for Loss Making Trades||✖||✖|
Comparison on Services Offered:
Comparing Reliance Securities vs Upstox based on their service offering we derived the below comparison:
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 20x||Maximum 25x|
Upstox Vs Reliance Securities Research & Advisory:
Contrasting Reliance Securities vs Upstox based on their research & advisory offering we received the below comparison.
Here we can see in the below table that Upstox doesn’t provide any research support to their investors whereas Reliance Securities offers different kinds of reports to their customers.
|Research & Advisory||Upstox||Reliance Securities|
|Company Stock Review||✖||✔|
|Free Stock Tips||✖||✖|
|Daily Market Review||✖||✖|
Upstox Vs Reliance Securities Margin/ Exposure/ Leverage
Considering Reliance Securities vs Upstox based on product-wise leverage we get the below details.
|Exposure / Leverage||Upstox Margin||Reliance Securities Margin|
|Equity Delivery||Maximum 5x||Maximum 20x|
|Equity Intraday||Maximum 20x||Maximum 25x|
|Equity Futures||Maximum 7x||Maximum 15x|
|Equity Options||Maximum 8x||Maximum 15x|
|Currency Futures||Maximum 5x||Maximum 10x|
|Currency Options||Maximum 6x||Maximum 10x|
Comparison on Products Offering:
Comparing Reliance Securities vs Upstox based on their product offering we derived the below comparison. We can see in this below comparison that Reliance Securities offer more number of products for their investors than Upstox.
Upstox Vs Reliance Securities Trading Platform:
Because of the trading terminal offering of Reliance Securities vs Upstox, we compared them as below. The only difference between the brokers are Upstox offers trading through mobile site platform but Reliance doesn’t.
|Trading Platforms||Upstox||Reliance Securities|
|Desktop Platform – Windows||✔||✔|
|Desktop Platform – Mac||✔||✔|
|Desktop Browser Platform||✔||✔|
|Mobile Site Platform||✔||✖|
|Android App Platform||✔||✔|
|iOS App Platform||✔||✔|
|Windows App Platform||✖||✖|
|Other Mobile OS Platform||✖||✖|
|Online MF Buy||✔||✔|
Comparison on Customer Support:
Considering customer assistance, we here have compared Reliance Securities vs Upstox as below. Both the broker offers similar paths for their customer to assist them. Only Upstox doesn’t offer personal dealer and offline trading as they are a discount broker.
|Customer Support||Upstox||Reliance Securities|
|Support Number||022 – 6130 9999||022 – 3988 6000|
Comparison of Grievances Handled:
Both these brokers provide multiple channels to their investors to reach them so that they can support the customers in a better way. Here we compared Reliance Securities vs Upstox based on their customer complaint handling in the below table.
|Complaints (Current Year)||Upstox||Reliance Securities|
|Lodged in BSE||185||145|
|Resolved in BSE||126||121|
|Lodged in NSE||175||198|
|Resolved in NSE||139||174|
To conclude we can state that both Upstox and Reliance Securities are renowned in the stockbroking market but both have their benefit as well as shortcomings. Hence it is impossible to consider one good and other one bad.
The investors should choose the broker keeping in mind his personal preference and requirements.