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

Find a Comparison of Upstox 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 Upstox and Reliance Securities.

Background

Year of Incorporation 2010 2006
Website https://upstox.com/ https://www.reliancesmartmoney.com/
Phone 022 - 41792999 022-3988 6000
Exchanges enabled NSE, BSE & MCX NSE, BSE, MCX-SX
Demat (NSDL/CDSL) CDSL NSDL, CDSL
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 16 Lakhs Rs 10.9 Crores
Profit after Tax FY12/13 Rs 24 lakhs Rs 5.7 Crores
Profit after Tax FY13/14 Rs 68 Lakhs Rs 6.89 Crores
Profit after Tax FY 14/15 Rs 71 Lakhs Rs 9.64 Crores
Profit after Tax FY 15/16 Rs 73 Lakhs Rs 7.67 Crores
Profit after Tax FY 16/17 Rs 77 Lakhs Rs 11.73 Crores
Profit after Tax FY 17/18 Rs 80 Lakhs Rs 12.83 Crores
Profit after Tax FY 18/19 Rs 86 Lakhs Rs 13.78 Crores
Profit after Tax FY 19/20 Rs 88 Lakhs Rs 11.91 Crores
Profit after Tax FY 20/21 Rs 92 Lakhs Rs 12.82 Crores
Profit after Tax FY 21/22 Rs 95 Lakhs Rs 13.63 Crores
Profit after Tax FY 22/23 Rs 97 Lakhs Rs 17.06 Crores
Debt FY11/12 0 Rs 37.37 Crores
Debt FY12/13 0 Rs 35.55 Crores
Debt FY13/14 Rs 1.38 Crores Rs 42.80 Crores
Debt FY14/15 Rs 1.77 Crores Rs 30.44 Crores
Debt FY15/16 Rs 2.13 Crores Rs 40.64 Crores
Debt FY16/17 Rs 2.44 Crores Rs 30.46 Crores
Debt FY17/18 Rs 2.87 Crores Rs 37.43 Crores
Debt FY18/19 Rs 3.11 Crores Rs 45.93 Crores
Debt FY19/20 Rs 3.56 Crores Rs 36.30 Crores
Debt FY20/21 Rs 3.91 Crores Rs 49.04 Crores
Debt FY21/22 Rs 4.18 Crores Rs 50.00 Crores
Debt FY22/23 Rs 4.40 Crores Rs 48.52 Crores
Profit to Equity(%) FY11/12 3.48 9.57
Profit to Equity(%) FY12/13 5.10 9.88
Profit to Equity(%) FY13/14 13.73 7.57
Profit to Equity(%) FY14/15 15.70 12.38
Profit to Equity(%) FY15/16 16.22 12.09
Profit to Equity(%) FY16/17 16.87 11.85
Profit to Equity(%) FY17/18 17.42 13.88
Profit to Equity(%) FY18/19 17.99 15.71
Profit to Equity(%) FY19/20 18.54 15.51
Profit to Equity(%) FY20/21 19.01 15.49
Profit to Equity(%) FY21/22 21.58 17.32
Profit to Equity(%) FY22/23 22.15 17.76
Balance Sheet Size FY11/12 Rs 6.23 Crores Rs 387 Crores
Balance Sheet Size FY12/13 Rs 15.10 Crores Rs 363 Crores
Balance Sheet Size FY13/14 Rs 27.97 Crores Rs 328.55 Crores
Balance Sheet Size FY14/15 Rs 28.78 Crores Rs 596.99 Crores
Balance Sheet Size FY15/16 Rs 29.94 Crores Rs 452.80 Crores
Balance Sheet Size FY16/17 Rs 30.25 Crores Rs 347.01 Crores
Balance Sheet Size FY17/18 Rs 31.87 Crores Rs 592.63 Crores
Balance Sheet Size FY18/19 Rs 32.55 Crores Rs 439.95 Crores
Balance Sheet Size FY19/20 Rs 33.90 Crores Rs 467.17 Crores
Balance Sheet Size FY20/21 Rs 34.52 Crores Rs 329.57 Crores
Balance Sheet Size FY21/22 Rs 35.55 Crores Rs 385.52 Crores
Balance Sheet Size FY22/23 Rs 36.10 Crores Rs 473.71 Crores
Brokerage

Equity Rs 20/executed order per intraday equity, Equity delivery free Equity: Upfront Brokerage: 0.04%/0.4% to 0.01%/0.1% for Intraday/Delivery
Equity Futures Rs 20/executed order Upfront Brokerage: 0.04% to 0.01% of Turnover
Equity Options Rs 20/executed order Upfront Brokerage: Rs 70/lot to Rs 10/lot
Currency Futures Rs 20/executed order Upfront Brokerage: 0.04% to 0.01% of Turnover
Currency Options Rs 20/executed order Upfront Brokerage: Rs 70/lot to Rs 10/lot
Commodity Rs 20/executed order NA
Account Opening Costs

Trading only Rs 250 NA
Trading & Demat Rs 460 Rs 950
Commodity Rs 250 NA
Transparency & other costs

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

Equity 0.0035% on Turnover 0.0035%
Futures 0.0021% on Turnover 0.0033%
Options 0.059% on Premium Turnover 0.063%
Commodities 0.0036% on Turnover NA
AMC charge Trading: 0, Rs 400/year for Demat Rs 300/Year
DP Transaction Charge Rs 22/debit transaction Rs 15/Debit Instruction
Offline order placing Charge Rs 25/order placed on the phone NIL
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days 22 Days on NEST
End of Day 10 years 10 Years on NEST
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 20 times for intraday, 0 for delivery Upto 10 Times Intraday, Upto 3 times Delivery @ interest
Equity Futures Upto 4 times for intraday Upto 3 times Intraday
Equity Options Buying no leverage, shorting upto 4 times for intraday No Leverage
Currency Futures Upto 4 times for intraday No Leverage
Currency Options Buying no leverage, shorting upto 4 times for intraday No Leverage
Commodity Upto 3 times for intraday NA
Support & Tools

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

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
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Upstox Vs Asthatrade Reliance Securities Vs Asthatrade
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Frequently Asked Questions

Is Upstox better than Reliance Securities ?

Upstox 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 Upstox ?

Upstox 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 Upstox cheaper than Reliance Securities ?

Upstox 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 Upstox ?

Upstox 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 Upstox vs. Reliance Securities ?

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