Zerodha Vs Reliance Securities – Comparison

Zerodha Vs Reliance Securities – Comparison:

Comparing Zerodha vs Reliance Securities in terms of all product-wise details which are essential for every investor we get the detailed study.  In this comparative assessment, we focused on the advantages and disadvantages of both the broker for the knowledge of investors.

Zerodha is the largest discount broker of India for providing the best online trading platform, high exposure in exchange for low brokerage, free mutual fund investment (using the platform) and a lot more.

Based on Bangalore it has 9lakhs customer base, 22 branch offices, 94 associate office, and 6 support-call & trade offices. 

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.

Notable Features: 

Zerodha: 

1. Offers direct mutual fund investment using their portal for free. 
2. In association with IDFC, it provides 3-in-1 account facilities. 
3. The trading terminal is best among all the other market competitors.
4. It provides the best quality of customer support.
5. Facilitate free fund transfer using UPI.

Reliance Securities: 

1. Percentage based brokerage plan is there. 
2. Trading & DEMAT, both Account opening is free. 
3. It facilitates trading in Mutual Fund & SIP but not in commodity, forex, and insurance. 
4. Required to maintain Margin money of @INR.25,000/-.   
5. 3-in-1 account feature unavailable. 

Comparison of Overall Organisation Overview: 

In terms of organizational overview, we here have compared Zerodha vs Reliance Securities based on company type, broker category, establishment year, founder, etc.

Comparison of Customer Rating: 

Considering the customer ratings we have compared Zerodha and Reliance Securities as here below. We can derive from the below table that Zerodha is backward in terms of experience and research reporting.

Whereas in remaining fields like trading platforms and charges Reliance Securities is lacking the points.

Comparison on AOC & AMC: 

Comparing Zerodha and Reliance Securities based on AOC & AMC we get the below details. Here we can see that trading AMC is free at both Zerodha and Reliance Securities.

Whereas, the remaining like account opening charge, DEMAT AMC is chargeable at Zerodha and free at Reliance Securities.

 Zerodha Vs Reliance Securities Brokerage Charge: 

Zerodha vs Reliance Securities is hereby compared based on their brokerage fee structure.

Reliance Securities offers a percentage-based brokerage charge structure &  minimum brokerage charge to their customer. Whereas, Zerodha charges a flat fee-based brokerage fee & zero minimum brokerage charge.  

Compare Other Charges:

Comparing Zerodha vs Reliance Securities based on other charges we get this below-mentioned information.

Here we can see that charges of Reliance Securities & Zerodha are similar except transaction charge criteria. In terms of transaction charges, Zerodha charges lesser charges than Reliance Securities. 

Comparison on Offers: 

Considering the offers and discount we have compared Zerodha and Reliance Securities as below:

Comparison on Services Offered: 

Based on service offering we can compare Zerodha vs Reliance Securities as below. The service offering of Reliance Securities is more than Zerodha.

Comparison on Research Reports: 

We here have compared Zerodha vs Reliance Securities based on the research and advisory support. It is clear from the below table that Zerodha doesn’t offer such support whereas Reliance Securities offers enough reports to their customer.

Zerodha Vs Reliance Securities Margin: 

Considering Zerodha vs Reliance Securities on leverages we received the below-mentioned information. These are also many differences in these margin charges.

Comparison of Products: 

In light of product offering, we get this below information comparing Zerodha vs Reliance Securities. We can see in the below table that the product offering of Reliance Securities is higher than the offering of Zerodha. 

Zerodha Vs Reliance Securities Trading Platform: 

The trading platform is a very noteworthy point for investors to consider. In this age of digitization, investors used to invest online as per their convenient time and appliance.

Zerodha & Reliance Securities both facilitate different trading terminals to attract the customer. Here we have compared the above both brokers.

Comparison of Customer Assistance: 

Comparing Zerodha vs Reliance Securities based on customer support we derived this below information. Here we can see that personal dealer & offline trading is available in Reliance Securities but Zerodha doesn’t offer those services. While 24X7 support facilities & chat support are not assured by Reliance Securities but Zerodha provides those. 

Comparison on Complaints 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 Zerodha & Reliance Securities based on their customer complaint handling in the below table. 

Comparison: 

Finally, we can say that discount broker Zerodha and Reliance Securities are market competitors stockbroker segments & both offer many similar facilities and many countering services also. But an individual needs to learn the feature of each broker so that they can take a wise decision to invest their hard-earned money.