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IIFL vs Reliance Securities – Compare Brokerage Charges, Demat Account & more

Last Updated Date - Aug 29, 2023

Here is a detailed comparison of IIFL vs Reliance Securities. This comparison includes all metrics required to give a detailed idea about both the stock brokers. In this comparison we will cover the similarities between IIFL vs Reliance Securities along with differences.

IIFL vs Reliance Securities

In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

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This IIFL vs Reliance Securities comparison will give a very detailed overview of which stock broker is suitable for you.


Now let’s Compare IIFL vs Reliance Securities:

Overview of IIFL & Reliance Securities

Overview IIFL Reliance Securities
Company Type Public Public
Broker Type Full Service Broker Full Service Broker
Headquarters Thane Mumbai, India
Founder Nirmal Jain, R. Venkataraman Anil Ambani
Established Year 1995 2005

IIFL vs Reliance Securities Customer Ratings Comparison

Customer Ratings IIFL Reliance Securities
Experience 8.8 / 10 6.5/10
Products & Services 9.0 / 10 6.4/10
Brokerage Charges & Fees 8.8 / 10 6.2/10
Stock Research & Advisory 8.2 / 10 6.1/10
Trading Platforms 8.9 / 10 6.1/10
Overall Ratings 8.74 / 10 6.3/10
Star Ratings ★★★★★ ★★★☆☆
Total Client Reviews 7218 523

IIFL vs Reliance Securities Demat Account Comparison

Demat Services IIFL Reliance Securities
Depository Source NSDL & CDSL CDSL & NSDL
Account Opening Charges Rs 295 Free
Demat AMC Charges Rs 0 (Free for 1st year) Rs 400
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Offline to Online R S

Reliance Securities vs IIFL Brokerage Charges Comparison

Brokerage Charge & Fees IIFL Reliance Securities
Equity Delivery Trading Rs 0 (Free) 0.30%
Equity Intraday Trading Rs 20 per order 0.03%
Commodity Options Trading Rs 20 per order NA
Equity Futures Trading Rs 20 per order 0.03%
Equity Options Trading Rs 20 per order Rs 100 per lot
Currency Futures Trading Rs 20 per order 0.04%
Currency Options Trading Rs 20 per order Rs 100 per lot
Minimum Brokerage Rs.0.05 per Share As per Transaction
Demat AMC Charges Rs 0 (Free for 1st year) Free or Rs.400 per annum
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Brokerage Calculator IIFL Brokerage Calculator Reliance Securities Brokerage Calculator

Reliance Securities & IIFL Other Charges Comparison

Other Charges IIFL Reliance Securities
Transaction Charges 0.00325% of Total Turnover 0.00350% of Total Turnover
STT Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
SEBI Turnover Charges 0.00005% (Rs. 5/Crore) 0.00005% (Rs. 5/Crore)
Stamp Duty (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
GST 18% on (Brokerage + Transaction Charge + SEBI Fee) 18% on (Brokerage + Transaction Charge + SEBI Fee)

Compare Reliance Securities & IIFL Offers

Offers IIFL Reliance Securities
Free Demat Account S R
Free Trading Account R R
Discount on Brokerage S R
Trading Happy Hours S S
Flexible Brokerage Plans R R
1 Month Brokerage Free S S
Holiday Offers S S
Referral Offers R S
Zero Brokerage for Loss Making Trades S S

Compare Services of IIFL vs Reliance Securities

Services IIFL Reliance Securities
Demat Services R R
Trading Services R R
3 in 1 Account S S
Intraday Services R R
IPO Services R R
Stock Recommendations R R
Robo Advisory S S
PMS R R
Trading Institution S S
Trading Exposure Upto 5x Upto 5x

Compare Reliance Securities & IIFL Research & Advisory

Research & Advisory IIFL Reliance Securities
Fundamental Reports R R
Research Reports R R
Company Reports R R
Annual Reports R R
Company Stock Review R R
Free Stock Tips R S
IPO Reports R R
Top Picks R R
Daily Market Review R S
Monthly Reports R R
Weekly Reports R R
Offline Advisory R R
Relationship Manager R R

IIFL vs Reliance Securities Exposure/Leverage

Exposure / Leverage IIFL Reliance Securities
Equity Delivery 1x 1x
Equity Intraday Upto 5x Upto 5x
Equity Futures 1x 1x
Equity Options 1x 1x
Currency Futures 1x 1x
Currency Options 1x 1x
Commodities 1x 1x
Margin Calculator IIFL Margin Calculator Reliance Securities Margin Calculator

IIFL vs Reliance Securities Product Comparison

Products IIFL Reliance Securities
Equity Trading R R
Commodity Trading R S
Currency Trading R R
Options R R
Futures R R
Mutual Funds R R
Forex R S
Banking S S
SIP R R
Insurance S S

IIFL vs Reliance Securities Trading Platform Comparison

Trading Platforms IIFL Reliance Securities
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform R R
Mobile Site Platform R S
Android App Platform R R
iOS App Platform R R
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R R
News Flash R R
Research Reports R R
Easy Installation R R
Global Indices R R
Stock Tips R R
Personalized Advisory R R
Interactive Charts R R
Live Markets R R
SMS Alerts R R
Email Alerts R R
Multi Account Management R R

IIFL vs Reliance Securities Customer Support

Customer Support IIFL Reliance Securities
Dedicated Dealer R R
Offline Trading S R
Online Trading R R
24*7 Support R S
Email Support R R
Chat Support R S
Toll Free Number 1800 3000 1155 S
Branches 120 80

IIFL vs Reliance Securities Customer Complaints

Complaints (Current Year) IIFL Reliance Securities
Lodged in BSE 145 145
Resolved in BSE 122 121
Lodged in NSE 214 198
Resolved in NSE 212 174

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