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Reliance Securities Vs AxisDirect (Compare Reliance Securities and AxisDirect)

The side-by-side comparison of Reliance Securities and AxisDirect. Compare Reliance Securities Vs AxisDirect brokerage, charges, exposure margin, demat account. Read AxisDirect and Reliance Securities review.

Find out Reliance Securities Vs AxisDirect which is better and Reliance Securities Vs AxisDirect which is best.

Our Reliance Securities Limited comparison with Axis Securities highlights the major differences between two brokers. Find the best between Reliance Securities and AxisDirect.

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Reliance Securities Vs AxisDirect

  Reliance Securities Limited Axis Securities
 
Reliance Securities Limited Logo Axis Securities Logo
About the Broker Reliance Securities, A Reliance Capital Limited Company, is the financial services division of Reliance Anil Dhirubhai Ambani (ADA) Group. Reliance ADA group is among top 3 business houses in India with wide range of presence across various sectors. ... Know more about Reliance Securities Limited Incorporated in 2005, Axis Securities Ltd is part of Axis Bank, a leading private bank in India. Axis Sec is a full-service broker offering stock broking services and distribution of financial products to retail customers in India through its AxisDir... Know more about Axis Securities
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX
Account Type R Fixed Online Trade@20 (SA75000)
Broker Enquiry Open an Online Trading Account with Reliance Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with AxisDirect. Leave your contact info and we will get in touch with you.
Year of Incorporation 2006 2006
Number of Branches 40 56
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Reliance Securities Vs AxisDirect Charges

  Reliance Securities Limited Axis Securities
Trading Account Opening Fees Rs 950 ₹900 (3 in 1 account)
Trading Account AMC Rs 0 ₹0
Demat Account Opening Fees Rs 0 ₹0
Demat Account AMC Rs 400 ₹650 (free for 1st year)
Demat Account is Mandatory? No No
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Reliance Securities Vs AxisDirect Brokerage

Brokerage Plan 1

  Reliance Securities Limited Axis Securities
Account Type R Fixed Online Trade@20 (SA75000)
Fixed Charges NA
Equity Delivery Brokerage 0.40% ₹20 per executed order
Equity Intraday Brokerage 0.04% ₹20 per executed order
Equity Futures Brokerage 0.04% ₹20 per executed order
Equity Options Brokerage ₹100 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.04% NA
Currency Options Trading Brokerage ₹100 per lot NA
Commodity Futures Trading Brokerage NA NA
Commodity Options Trading Brokerage NA NA

Brokerage Plan 2

  Reliance Securities Limited Axis Securities
Account Type R Fixed Fixed Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage 0.50% 0.50% (Each Leg)
Equity Intraday Brokerage 0.05% 0.05% (Each Leg)
Equity Futures Brokerage 0.05% 0.05% (Each Leg)
Equity Options Brokerage ₹100 per lot Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot
Currency Futures Trading Brokerage 0.05% (Each Leg)
Currency Options Trading Brokerage Intraday: ₹0.01 per lot | Carry Forward: ₹10 per l
Commodity Futures Trading Brokerage 0.03% (Each Leg)
Commodity Options Trading Brokerage ₹50 per lot

Other Charges

Minimum Brokerage Charges 5 paise per share ₹20 per trade
Other Brokerage Charges Physical contract note: ₹40 | Physical Ledger: ₹40
Call & Trade Charges ₹20 per call (First 20 calls free) ₹20 per call
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Reliance Securities Vs AxisDirect Taxes

  Reliance Securities Limited Axis Securities
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Reliance Securities Vs AxisDirect Transaction Charges

  Reliance Securities Limited Axis Securities
Equity Delivery 0.0035% 0.00325% (₹325/Cr)
Equity Intraday 0.0035% 0.00325% (₹325/Cr)
Equity Futures 0.0033% 0.0019% (₹190/Cr)
Equity Options 0.063% on premium 0.05% (₹5000/crore)
Currency Futures 0.0019% (₹190/Cr)
Currency Options 0.05% (₹5000/crore)
Commodity NA
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Reliance Securities Vs AxisDirect Exposure Margin

  Reliance Securities Limited Axis Securities
Equity Delivery Upto 3x with 21% interest per year 100% (1x)
Equity Intraday Upto 10x Upto 10x
Equity Futures Upto 3x 100% (1x)
Equity Options Nil 100% (1x)
Currency Futures Nil 100% (1x)
Currency Options Nil 100% (1x)
Commodity Futures NA 3x
Commodity Options 100% (1x)
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Reliance Securities and AxisDirect Feature Comparison

  Reliance Securities Limited Axis Securities
3 in 1 Account No Yes
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform InstaXpress, InstaPlus, Tick, Tick PRO, R Mobile express DirectTrade, Axisdirect Web, Axisdirect Mobile
Intraday Square-off Time 3:15
Other Features Mobile Application: Rmobile Xpress
Referral Program Yes
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Reliance Securities Vs AxisDirect Review

  Reliance Securities Limited Axis Securities
  61 Customer Reviews    Rate Reliance Securities 48 Customer Reviews    Rate AxisDirect
Fees Ratings 3.5 2.0
Trading Brokerage Rating 3.3 1.8
Trading Platform Usability 3.3 2.7
Customer Service Ratings 3.4 2.4
Overall Ratings Rated 3.3 stars Rated 2.2 stars
Broker Rating Reliance Securities is Rated 3.3 / 5 based on 61 customer reviews AxisDirect is Rated 2.2 / 5 based on 48 customer reviews
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Contact Broker / Request A Call Back

  Reliance Securities Limited Axis Securities
Contact / Request Call Back
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Reliance Securities Vs AxisDirect Investment Options

  Reliance Securities Limited Axis Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt No Yes
Other Investment Options Option strategies, R Model Portfolio Loans, ETF, Corporate FD
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Reliance Securities Vs AxisDirect Customer Service

  Reliance Securities Limited Axis Securities
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches Yes Yes
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Reliance Securities Vs AxisDirect Order Type Offered

  Reliance Securities Limited Axis Securities
Bracket Order No No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No No
Good Till Cancelled (GTC) Yes Yes
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Reliance Securities Vs AxisDirect Research Report

  Reliance Securities Limited Axis Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Reliance Securities Vs AxisDirect Suitable For Investor Type

  Reliance Securities Limited Axis Securities
Casual Investor Yes
Active Investor Yes
Trader Yes
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Reliance Securities Vs AxisDirect - Advantages and Disadvantages

  Reliance Securities Limited Axis Securities
Pros

More Advantages...

  1. Brokerage of flat ₹20 per trade in Equity and Equity Derivatives.
  2. Offers 3-in-1 investment account
  3. Free research reports
  4. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts

More Advantages...

Cons

More Disadvantages...

  • Minimum Average Quarterly Balance(AQB) of ₹75,000 in bank account is required. ₹250 per month fee if minimum balance not maintained.
  • Charges ₹250 per month fee if you are not an axis bank customer.
  • Install-able trading terminal cost at ₹2999 per year which is mostly free by all discount brokers
  • Higher commodity and currency trading brokerage.
  • Call & Trade is charged ₹20 extra per trade

More Disadvantages...

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