Reliance Smart Money is a very popular broking house in India that has been serving the traders brilliantly. It has got excellent products and service that help the clients in earning a good amount of return.
The company provides all types of facilities to the traders and makes sure that they can trade seamlessly.
In this Reliance Smart Money Review, we will discuss the various important aspects of the broking house in details. Here you will find the brokerage charges, account opening procedure, exposure, research services, trading platforms, products, services, offers, complaints, ratings, advantages, and some other useful information about the company.
| Reliance Securities Highlights | |
| Broker Type | Full-Service Broker |
| Demat Account AMC | Rs 400 |
| Margin Required | 75% Margin |
| Intraday Brokerage | 0.03% |
| Delivery Brokerage | 0.30% |
| Exposure | Upto 5x |
What do you know about Reliance Securities?
Reliance Smart Money is a public company having its headquartered in Mumbai, Maharashtra. Famous industrialist Mr. Anil Ambani established this company.
The company was established in the year 2005 as a full-service brokerage house. According to the Reliance Smart Money Review, the broker house has been successfully serving a large number of clients since its inception.
| About Reliance Securities | |
| Know a few details about Reliance Securities | |
| Which type of Company is it? – Public / Private | Public |
| Which type of Broker is it? – Full Service / Discount | Full-Service Broker |
| Where is the registered office of the Company Located? | Mumbai, India |
| Who is the Founder of this Company? | Anil Ambani |
| When did the company start? | 2005 |
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What are the various Demat Account Opening Charges levied by Reliance Securities?
If you Open Reliance Smart Money Demat Account then you will get a host of advantages. The Depository Participants involved with this broker house are NSDL and CDSL.
The most relieving factor is that the Reliance Smart Money Account Opening charge is zero. A minimal AMC of Rs. 400 is levied on the DEMAT accounts, and that for the trading account is completely free.
A client will have to maintain a minimum balance of Rs. 25000 as the margin amount. Reliance Smart Money does not offer the privilege of dematerialization to its clients.
| Reliance Securities Demat Account Opening Fees | |
| Check out the various fees charged for Opening a Demat Account with Reliance Securities | |
| Which is the Depository Participant involved? | CDSL & NSDL |
| What are the Demat account opening charges? | Rs 0 |
| How much is the Demat AMC? | Free or Rs.400 per Annum |
| What is the Trading AMC? | Rs 0 |
| What is the initial Margin amount required? | 75% Margin |
| Is dematerialization available? | No |
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Does Reliance Securities provide any Offers to their Clients?
Yes, there are some attractive Reliance Smart Money Offers that can help the traders earn some added benefits. The broker house provides the facilities of a free DEMAT accounts and free trading accounts to the clients.
They allow a certain percentage of discounts on the brokerage fees they levy on various products. The most amazing fact is that Reliance Smart Money has the option for flexible brokerage plans. Thus traders can trade as much as they want to.
| Reliance Securities Offers | |
| Here are the various offers provided by Reliance Securities | |
| Does the broker provide a Free Demat A/C offer? | Yes |
| Does the broker provide Free Trading A/C offer? | Yes |
| Is this broker offers a Discount on Brokerage? | Yes |
| Does the broker offer Happy hour trading to their clients? | No |
| Is the broking house provides a flexible brokerage plan? | Yes |
| Does the broker offer 1-month Free brokerage? | No |
| Are the Holiday offers provided by the broker? | No |
| Are there any referral offers shared by the broker? | No |
| Zero Brokerage for Loss-Making Trades | No |
What are the Brokerage Charges levied by Reliance Securities on various Segments?
We shall discuss the Reliance Smart Money Brokerage Charges here which are much less if compared to many other broker houses. They charge between 0.30% on equity delivery and 0.03% on equity intraday.
The company does not trade in the commodity; thus, no charge is levied for that section. A percentage of 0.03% is charged as a brokerage on equity futures. Reliance Smart Money charges between Rs. 100 for one lot of equity options.
The broker house levies a charge in the range of 0.04% on currency futures. The charge on a single lot of currency options is the same as that of equity options, that is between Rs. 100. A small percentage of each transaction is charged by Reliance Smart Money as a fee for their brokerage.
| Reliance Securities Brokerage Charges | |
| Here you will find details of brokerage levied by Reliance Securities on all segments | |
| What are the Equity Delivery Charges? | 0.30% |
| What are the Equity Intraday Charges? | 0.03% |
| How much brokerage charged for Commodity Trading? | NA |
| What is the brokerage on Equity Futures? | 0.03% |
| How much brokerage charged for Equity Options? | Rs 100 per lot |
| What is the brokerage on Currency Futures? | 0.04% |
| What is the brokerage on Currency Options? | Rs 100 per lot |
| How much is the Minimum Brokerage required? | As per Transaction |
| What is the Demat AMC? | Free or Rs.400 per annum |
| How much is the Trading AMC? | Free |
| What is the Minimum Margin Required? | 75% Margin |
Does Reliance Securities levy any other charges apart from Brokerage?
Yes, some nominal fees are charged by the broker house other than the brokerage on various segments. Reliance Smart Money Charges transactions 0.0035% of the total turnover.
A client has to pay an STT charge of 0.0126% to the company along with a SEBI turnover charge of 0.00005% only. Reliance Smart Money levies a very small amount of charge on the Stamps used in the transactions.
The GST charged on brokerage fees, and transaction charges are a flat 18%.
| Reliance Securities Charges | |
| Get a deep understanding of all other charges levied by Reliance Securities | |
| How much are the Transaction Charges levied? | 0.00350% of Total Turnover |
| What are the STT charges? | 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 the 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 |
| What are the SEBI Turnover charges? | 0.00005% (Rs.5/Crore) |
| How much is the Stamp Duty levied? | (On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX) |
| How is the GST charged? | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
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What is the Limit or Exposure offered by Reliance Securities?
Reliance Smart Money Exposure is quite high in every segment. The limit allowed to the clients on equity delivery is up to 1 time. The leverage offered by the company on equity intraday is as high as 5 times.
Reliance Smart Money Margin on equity futures is up to 1 time. Exposure to equity options is also up to 1 time. The broker house also offers high exposures on trading currency futures and currency options, and that is up to 1 time.
| Reliance Securities Exposure or Leverage | |
| Here you will find the exposure or limit provided by Reliance Securities | |
| How much is the limit on Equity Delivery? | 1x |
| What is the limit on Equity Intraday? | Upto 5x |
| How much is the limit on Equity Futures? | 1x |
| What is the limit on Equity Options? | 1x |
| What is the exposure on Currency Futures? | 1x |
| How much is the leverage on Currency Options? | 1x |
| What is the limit on Commodity Trading? | No |
How to Open Reliance Securities Demat & Trading Account?
If you want to Open Reliance Smart Money Demat Account or trading account, then you can get it done sitting at home. The process can be completed sitting at home, and therefore, it can be called effortless.
There is no need to move out of your house and visit a branch of the broker house, instead get it done from your laptop. The steps for opening a DEMAT account with the company are given below:
- After reading this article, you will find a button below on this page
- Click on that button, and you will get a pop-up
- There you will find a form that you will have to fill up for opening an account with the company
- After filling up the form with the correct data submit it on the website
- Then your KYC documents will be verified by the executives of the broker house
- For checking your records, you will have to scan and upload all the original copies of your PAN card, AADHAAR card, Voter ID card, any address proof, the latest summary of your bank account, etc
- On submitting your KYC documents, you will be contacted by the company, and then the representatives will take care of the rest of the procedure
- After the whole account opening process is completed, Reliance Smart Money will take only two to three hours for activating your account
You will have to go through the same procedure if you wish to Open Reliance Smart Money Trading Account
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What are the various Trading Platforms provided by Reliance Securities?
Reliance Smart Money Trading Platforms cover three types of trading platforms that are incredibly innovative and reliable. These platforms are technically very advanced and work without any glitches. They are built with multiple features that come of great help to the users. Here we shall discuss in brief three trading platforms maintained by the broker house.
Reliance Smart Money Trading Terminal
The trading terminal maintained by the broker house has various useful features like real-time updates, viewing portfolio details, etc. A trader can operate the Reliance Smart Money Trading Terminal directly from his laptop very easily
Reliance Smart Money Web Trading Platform: Reliance Tick Web
There is a web-based trading platform operated by the broker house, but that can be only produced from personal computers. The broker house does not maintain a web trading platform dedicated to mobile phones
Reliance Smart Money Mobile App: Reliance Tick Pro App
The mobile app developed by the company works seamlessly on Smartphones. You can access the Reliance Smart Money Mobile App very easily from your Android Smartphone or iPhone
| Reliance Securities Trading Platforms | |
| Here you will find all the important trading platforms available with Reliance Securities | |
| Do they have Trading Terminals for Windows? | Yes |
| Do they have Trading Terminals for Mac? | Yes |
| Are they providing a Web Trading Platforms? | Yes |
| Do they have a Mobile Web Platform? | No |
| Does this broker provide Mobile Trading App for Android? | Yes |
| Does this broker provide Mobile Trading App for iOS? | Yes |
| Are they having Mobile App for Windows OS? | No |
| Do they have Mobile Trading App for Other OS? | No |
What are the features available in Reliance Securities Trading Applications?
The various trading platforms are –
Reliance Smart Money Trading Terminal Features
- The trading terminal of the company is capable of providing current time updates along with details of portfolios
- Traders can buy mutual funds from this software
- Reliance Smart Money Trading Terminal has got a news flash and useful tips on stocks
- Clients can get the help of research reports and personalized advisory
- The trading terminal is capable of providing interactive chartings and alerts via SMS and Emails
- Clients can manage multiple accounts through the trading terminal of Reliance Smart Money
Web Trading Platform Reliance Smart Money: Reliance Tick Web Features
- Clients can buy mutual funds online through the web trading platform of the broker house
- They get the facilities of a news flash and multiple account management solution
- Reliance Smart Money Web Trading Platform sends alerts on the devices of the users
- It is incredibly user-friendly but can only be operated from desktops and laptops
- The web trading platform allows clients to check out their portfolios clearly
- Traders can also fetch useful tips on trading various stocks through this platform of Reliance Smart Money
Reliance Smart Money Web Trading Platform: Reliance Tick Web Features
- The mobile app operated by the company can provide live market updates and stock tips necessary for trading
- You can find the app very quickly in the app store of your Android or iOS Smartphone
- Reliance Smart Money Trading App provides useful notifications on the stock market through SMS ad emails
- It has got the feature of giving Global Indices
- Traders can also receive personalized advice from Reliance Smart Money through the app
| Reliance Securities Trading Application Features | |
| Here you will find various features available in Trading Platforms provided by Reliance Securities | |
| Are these platforms capable of Real-time Updates? | Yes |
| Do these Applications provide Portfolio Details? | Yes |
| Is this software providing Online MF Buy? | Yes |
| Do these platforms have News Flash? | Yes |
| Are these platforms providing Research Reports? | Yes |
| Are these platforms Easy to Install & use? | Yes |
| Do these Apps have Global Indices? | Yes |
| Are these platforms having Stock Tips? | Yes |
| Does this software provide Personalized Advisory? | Yes |
| Are these platforms capable of Interactive charting? | Yes |
| Do these Apps provide Live Markets data? | Yes |
| Do they provide SMS Alerts? | Yes |
| Are they providing Email Alerts? | Yes |
| Do these platforms have a Multi-Account Management solution? | Yes |
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What are the various Products provided by Reliance Securities?
Reliance Smart Money Products list includes equity, currency, options, futures, and Mutual funds. The broker house also provides the facility of SIP to all of its clients.
| Reliance Securities Products | |
| Here are the various products provided by it | |
| Does the broker allow Equity Trading? | Yes |
| Does the broker allow Commodity Trading? | No |
| Do they have Currency Trading products available? | Yes |
| Do they provide Options trading? | Yes |
| Are the clients allowed to trade in Futures? | Yes |
| Do they have Mutual Funds as a product? | Yes |
| Does the broker allow Forex trading? | No |
| Does the broker have Banking products? | No |
| Is SIP allowed by the broker? | Yes |
| Do they have Insurance as a Product? | No |
What are the various Services offered by Reliance Securities?
The company provides its clients with the services of DEMAT and trading accounts. Reliance Smart Money Services include intraday and IPO services.
The company offers useful stock recommendations to clients that help them a lot while trading. Reliance Smart Money offers portfolio management services to its clients.
A very high trading exposure of up to 5 times is provided by the broker house.
| Reliance Securities Services | |
| Check out the various services provided by it | |
| Does the broking house provide Demat Services? | Yes |
| Does the broking house provide Trading Services? | Yes |
| Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C? | No |
| Do they provide Intraday Services? | Yes |
| Are they offering IPO Services to the client? | Yes |
| Do they have Stock Recommendations available? | Yes |
| Are they providing tools for Robo Advisory? | No |
| Does the broker provide PMS? | Yes |
| Do they have Trading Institution available? | No |
| What is the Trading Exposure this broker provides? | Upto 5x |
Does Reliance Securities provide Research & Advisory to their clients?
Reliance Smart Money Research reports company reports and Fundamental reports are shared with the clients. They analyze reports of other companies and help traders with stock reviews.
Reliance Smart Money Tips on stocks are not provided free of cost. Instead, the company offers top picks. Evaluation of IPO reports is shared by the broker house along with monthly and weekly reports.
Clients can fetch Reliance Smart Money Advisory offline and seek help from the Relationship Manager.
| Reliance Securities Research, Advisory & Stock Tips | |
| Here are the various research activities are done by it | |
| Does the broker share Fundamental Reports? | Yes |
| Does the broker share Research Reports? | Yes |
| Do they provide Company Reports to their clients? | Yes |
| Are they analyzing the Annual Reports of Companies? | Yes |
| Do they share Company Stock Reviews? | Yes |
| Are they sharing Free Stock Tips with their clients? | No |
| Do they analyze & share IPO Reports? | Yes |
| Does the broking company provide Top Picks? | Yes |
| Are they sharing Daily Market Review? | No |
| Do they have Monthly Reports? | Yes |
| Does the broker provide Weekly Reports? | Yes |
| Are they having Offline Advisory? | Yes |
| Do they provide Relationship Managers to clients? | Yes |
What are the Customer Care details of Reliance Securities?
Reliance Smart Money Customer Care is very prompt with its services and provides all the necessary assistance as required. It helps traders in trading stocks, both online and offline.
Clients can get dedicated dealers for them through the customer care team. Reliance Smart Money customer care team is available 24*7 for serving clients. The broker house has 80 branches all across the country that provides all types of services.
| Reliance Securities Customer Support | |
| Let’s have a better understanding of Customer Care Service | |
| Are they providing Dedicated dealers to their clients? | Yes |
| Do they allow Offline Trading? | Yes |
| Do they have facilities for Online Trading? | Yes |
| Are they providing 24*7 Support? | Yes |
| Does this broker provide Email Support? | No |
| Is this broker having Chat Support? | No |
| How many Branches the stock broker has? | 80 |
Are there any Complaints filed against Reliance Securities by their clients?
There are 145 Reliance Smart Money Complaints registered with BSE, and out of them, 121 are already solved by the company. The total number of complaints lodged in NSE is 198 and 174 are resolved them.
| Reliance Securities Complaints | |
| Here you will know about the Complaints lodged against it | |
| What is the total number of Complaints Lodged in BSE? | 145 |
| How many of these complaints have been Resolved in BSE? | 121 |
| What is the total number of Complaints Lodged in NSE? | 198 |
| How many of these complaints have been Resolved in NSE? | 174 |
What are the Advantages / Benefits of Reliance Smart Money Trading Account?
- Reliance Smart Money Trading Account can be opened for free of cost with a tiny amount of AMC
- Clients can avail of various attractive offers on brokerage charges
- Reliance Smart Money offers flexible brokerage plans
- The exposure on trading provided by the company is as high as 5 times
- Traders get useful research services from the company
- The broker house shares review on the stock market
- There are three trading platforms maintained by the company which are very advanced
- Reliance Smart Money offers PMS
- The customer support team is at help 24 hours a day
What are the Reliance Securities Review & Ratings as per their Customer?
Reliance Smart Money Ratings for research and advisory services is 6.5 points. Clients have given 6.4 points for the brokerage model of the company.
The products and services offered by the company have fetched 6.2 points, and the trading platforms have received 6.1 points from the clients. Traders have given 6.1 points to the experience the broking house has. An average rating of 6.1 points is obtained by Reliance Smart Money with three stars.
For completing this Reliance Smart Money Review, we have approached 523 people and recorded their opinion about the broker house.
| Reliance Securities Ratings & Reviews | |
| We are looking at Companies’ Ratings on various parameters | |
| Stock Market Research & Broking Advisory | 6.5/10 |
| Brokerage & other Charges like – Turnover, Transaction Charges, etc. | 6.4/10 |
| Types of Products & Services the Brand provides | 6.2/10 |
| Performance Mobile App, Trading Terminal & Web Trading Platform | 6.1/10 |
| Experience in the Broking Business | 6.1/10 |
| Total Avg. Rating of Broking House | 6.3/10 |
| Star Rating is given to Stock Broker | ★★★☆☆ |
| Number of People Contributed to These Ratings | 523 |
Reliance Smart Money Conclusion
From the whole Reliance Smart Money Review, it can be safely concluded that the company is highly beneficial for trading in the stock industry.
They have suitable brokerage plans, and all the services are offered at a relatively lower amount of fee. Reliance Smart Money provides a good deal of assistance to traders so that they can operate their trading and DEMAT account seamlessly. You should open a statement with the broker house to enjoy the various facilities provided by them.
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