Canara Bank vs Reliance Securities – Compare Charges, Trading Features, Offers & more

Find a Comparison of Canara Bank vs Reliance Securities here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Canara Bank and Reliance Securities.

Background

Year of Incorporation 1996 2006
Website https://www.canmoney.in/ https://www.reliancesmartmoney.com/
Phone 1800-22-0369 022-3988 6000
Exchanges enabled BSE, NSE, NCDEX, ICEX, MCX NSE, BSE, MCX-SX
Demat (NSDL/CDSL) CDSL and NSDL NSDL, CDSL
Brokerage

Equity 0.35% for Delivery & 0.04% for Intraday 0.50% for Delivery & 0.05% for Intraday
Equity Futures 0.04% 0.05% per Executed Order
Equity Options Rs.50 per Lot Rs 100 per lot
Currency Futures 0.04% 0.05% per Executed Order
Currency Options Rs.50 per Lot Rs 100 per lot
Commodity Rs.50 per Lot Rs 100 per lot
Account Opening Costs

Trading only Free Rs 950
Trading & Demat Free Rs 950
Commodity Free Free
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% 0.0035%
Futures 0.00325% 0.0033%
Options 0.00325% 0.063%
Commodities 0.00325% 0.03%
AMC charge Rs.500 per Annum Rs 2500 One time payment
DP Transaction Charge Rs 9 + GST Rs 15 per Debit Transaction
Offline order placing Charge Rs 20 per executed order NIL
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 7 Days 22 Days on NEST
End of Day 5 Years 10 Years on NEST
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 2x for Delivery & Upto 6x for Intraday Upto 10x Intraday, Upto 3x Delivery
Equity Futures Upto 3X Upto 3x Intraday
Equity Options Upto 5X Upto 5x
Currency Futures Upto 2X No Leverage
Currency Options Upto 2X Upto 5x for Intraday
Commodity Upto 2X Not Available
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 3283 Crores Rs 10.9 Crores
Profit after Tax FY12/13 Rs 2872 Crores Rs 5.7 Crores
Profit after Tax FY13/14 Rs 2438 Crores Rs 6.89 Crores
Profit after Tax FY 14/15 Rs 2703 Crores Rs 9.64 Crores
Profit after Tax FY 15/16 Rs (2813) Crores Rs 7.67 Crores
Profit after Tax FY 16/17 Rs 1122 Crores Rs 11.73 Crores
Profit after Tax FY 17/18 Rs (4222) Crores Rs 12.83 Crores
Profit after Tax FY 18/19 Rs 347 Crores Rs 13.78 Crores
Profit after Tax FY 19/20 Rs (2236) Crores Rs 11.91 Crores
Profit after Tax FY 20/21 Rs 4406.07 Crores Rs 12.82 Crores
Profit after Tax FY 21/22 Rs 5464.49 Crores Rs 13.63 Crores
Profit after Tax FY 22/23 Rs 7518.54 Crores Rs 17.06 Crores
Debt FY11/12 Rs 4.7 Lakhs Rs 37.37 Crores
Debt FY12/13 Rs 5.2 Lakhs Rs 35.55 Crores
Debt FY13/14 Rs 5.6 Lakhs Rs 42.80 Crores
Debt FY14/15 Rs 6.1 Lakhs Rs 30.44 Crores
Debt FY15/16 Rs 6.8 Lakhs Rs 40.64 Crores
Debt FY16/17 Rs 7.2 Lakhs Rs 30.46 Crores
Debt FY17/18 Rs 8.3 Lakhs Rs 37.43 Crores
Debt FY18/19 Rs 7.9 Lakhs Rs 45.93 Crores
Debt FY19/20 Rs 9.4 Lakhs Rs 36.30 Crores
Debt FY20/21 Rs 9.9 Lakhs Rs 49.04 Crores
Debt FY21/22 Rs 10 Lakhs Rs 50.00 Crores
Debt FY22/23 Rs 4.7 Lakhs Rs 48.52 Crores
Profit to Equity(%) FY11/12 74.10 9.57
Profit to Equity(%) FY12/13 64.83 9.88
Profit to Equity(%) FY13/14 54.48 7.57
Profit to Equity(%) FY14/15 11.06 12.38
Profit to Equity(%) FY15/16 (10.69) 12.09
Profit to Equity(%) FY16/17 4.15 11.85
Profit to Equity(%) FY17/18 (16.74) 13.88
Profit to Equity(%) FY18/19 1.40 15.71
Profit to Equity(%) FY19/20 (8.05) 15.51
Profit to Equity(%) FY20/21 6.71 15.49
Profit to Equity(%) FY21/22 12.82 17.32
Profit to Equity(%) FY22/23 19.49 17.76
Balance Sheet Size FY11/12 Rs 156538,78.76 Rs 387 Crores
Balance Sheet Size FY12/13 Rs 182468,06,75 Crores Rs 363 Crores
Balance Sheet Size FY13/14 Rs 583519 44 35 Crores Rs 328.55 Crores
Balance Sheet Size FY14/15 Rs 583519 44 35 Crores Rs 596.99 Crores
Balance Sheet Size FY15/16 Rs 583519 44 35 Crores Rs 452.80 Crores
Balance Sheet Size FY16/17 Rs 583519 44 35 Crores Rs 347.01 Crores
Balance Sheet Size FY17/18 Rs 616886 10 48 Crores Rs 592.63 Crores
Balance Sheet Size FY18/19 Rs 694766 69 05 Crores Rs 439.95 Crores
Balance Sheet Size FY19/20 Rs 723874 74 53 Crores Rs 467.17 Crores
Balance Sheet Size FY20/21 Rs 1027147 88 07 Crores Rs 329.57 Crores
Balance Sheet Size FY21/22 Rs 1228104 88 07 Crores Rs 385.52 Crores
Balance Sheet Size FY22/23 Rs 1345732 24 75 Crores Rs 473.71 Crores

Comparison Link:

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Frequently Asked Questions

Is Canara Bank better than Reliance Securities ?

Canara Bank and Reliance Securities are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Reliance Securities better than Canara Bank ?

Canara Bank and Reliance Securities are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Canara Bank cheaper than Reliance Securities ?

Canara Bank and Reliance Securities are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Reliance Securities cheaper than Canara Bank ?

Canara Bank and Reliance Securities are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Canara Bank vs. Reliance Securities ?

To find out the better of the two stockbrokers Canara Bank and Reliance Securities, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.