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Reliance Securities Vs Upstox Share Broker Comparison

The side-by-side comparison of Reliance Securities Limited and Upstox stock brokers in India. The comparison below highlights the similarities and differences between Reliance Securities and Upstox's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Reliance Securities and Upstox.

  Reliance Securities Limited Upstox
 
Reliance Securities Limited Logo Upstox 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 Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro ... Know more about Upstox
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX
Account Type R Fixed Online Upstox Basic
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 Upstox. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Reliance Securities Limited Upstox
Trading Account Opening Fees Rs 950 ₹150 (Eq and F&O), ₹150 (MCX)
Trading Account AMC Rs 0 ₹0
Demat Account Opening Fees Rs 0 ₹0
Demat Account AMC Rs 400 ₹150
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Reliance Securities Limited Upstox
Account Type R Fixed Online Upstox Basic
Fixed Charges NA
Equity Delivery Brokerage 0.40% ₹0
Equity Intraday Brokerage 0.04% ₹20 per trade or 0.01% (whichever is lower)
Equity Futures Brokerage 0.04% ₹20 per trade or 0.01% (whichever is lower)
Equity Options Brokerage ₹100 per lot ₹20 per trade or 0.01% (whichever is lower)
Currency Futures Trading Brokerage 0.04% ₹20 per trade or 0.01% (whichever is lower)
Currency Options Trading Brokerage ₹100 per lot ₹20 per trade or 0.01% (whichever is lower)
Commodity Futures Trading Brokerage NA ₹20 per trade or 0.01% (whichever is lower)
Commodity Options Trading Brokerage NA

Brokerage Plan 2

  Reliance Securities Limited Upstox
Account Type R Fixed Upstox Priority
Fixed Charges NA ₹0
Equity Delivery Brokerage 0.50% ₹0
Equity Intraday Brokerage 0.05% ₹30 per trade or 0.05% (whichever is lower)
Equity Futures Brokerage 0.05% ₹30 per trade or 0.05% (whichever is lower)
Equity Options Brokerage ₹100 per lot ₹30 per trade or 0.05% (whichever is lower)
Currency Futures Trading Brokerage ₹30 per trade or 0.05% (whichever is lower)
Currency Options Trading Brokerage ₹30 per trade or 0.05% (whichever is lower)
Commodity Futures Trading Brokerage ₹30 per trade or 0.05% (whichever is lower)
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges 5 paise per share ₹0
Other Brokerage Charges Physical contract note: ₹40 | Physical Ledger: ₹40
Call & Trade Charges ₹20 per call (First 20 calls free) ₹20 per trade
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Taxes

  Reliance Securities Limited Upstox
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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Transaction Charges

  Reliance Securities Limited Upstox
Equity Delivery 0.0035% NSE ₹325 | BSE ₹275
Equity Intraday 0.0035% NSE ₹325 | BSE ₹275
Equity Futures 0.0033% NSE ₹210
Equity Options 0.063% on premium NSE ₹5500
Currency Futures ₹150
Currency Options ₹6000
Commodity NA MCX ₹260/Cr
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Exposure

  Reliance Securities Limited Upstox
Equity Delivery Upto 3x with 21% interest per year 2.5x
Equity Intraday Upto 10x Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Futures Upto 3x Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x
Equity Options Nil Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Futures Nil Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Options Nil Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Commodity NA Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
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Share Broker Features

  Reliance Securities Limited Upstox
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform InstaXpress, InstaPlus, Tick, Tick PRO, R Mobile express Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time 3:15 PM
Other Features Mobile Application: Rmobile Xpress Option strategy builder
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Broker Ratings (Average User Rating)

  Reliance Securities Limited Upstox
  61 Customer Reviews    Rate Reliance Securities 49 Customer Reviews    Rate Upstox
Fees Ratings 3.5 3.8
Trading Brokerage Rating 3.3 3.6
Trading Platform Usability 3.3 2.9
Customer Service Ratings 3.4 2.5
Overall Ratings Rated 3.3 stars Rated 2.6 stars
Broker Rating Reliance Securities is Rated 3.3 / 5 based on 61 customer reviews Upstox is Rated 2.6 / 5 based on 49 customer reviews
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Contact Broker / Request A Call Back

  Reliance Securities Limited Upstox
Contact / Request Call Back
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Investment Options Available

  Reliance Securities Limited Upstox
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt No No
Other Investment Options Option strategies, R Model Portfolio
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Customer Service Offered

  Reliance Securities Limited Upstox
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches Yes No
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Order Type

  Reliance Securities Limited Upstox
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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Research / Tips / Reports Published

  Reliance Securities Limited Upstox
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  Reliance Securities Limited Upstox
Casual Investor
Active Investor Yes Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  Reliance Securities Limited Upstox
Pros

More Advantages...

  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.

More Advantages...

Cons

More Disadvantages...

  • No margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • Online IPO, FPO, Bonds and NCD's are not available.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.

More Disadvantages...

Reviews Useful articles about Upstox:
Promo / Offers

Limited Time Offer - Free Account Opening (₹300 waived) until May 17th 2019

Open Upstox Trading Account and get FREE Trading, Demat and Mutual Fund Account + FREE Equity Delivery Trades (no brokerage) + Intraday and F&O Trades at flat ₹20 per order.

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