Top Stock Advisory
Reliance Securities vs. Ski Capital
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Reliance Securities and Ski Capital. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Reliance Securities and Ski Capital.
Overview
Reliance Securities and Ski Capital are both public companies and both are full service broker as well. Anil Ambani co-founded Reliance Securities in 2005. And Ski Capital was founded in the year 1993 by Narinder Wadhwa. Reliance Securities's headquarters are in Mumbai, India and Ski Capital's headquarters are in New Delhi.
Reliance Securities and Ski Capital both are full service broker as well. Reliance Securities is registered in NA, while Ski Capital is registered in NA. The total branches of Reliance Securities are Nil and the Ski Capital branches are Nil.
| Overview | Reliance Securities | Ski Capital |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Public | Public |
| Headquarter | Mumbai, India | New Delhi |
| Founders | Anil Ambani | Narinder Wadhwa |
| Foundation Year | 2005 | 1993 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | Nil |
Reliance Securities and Ski Capital Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Reliance Securities charging Free and Ski Capital charging Rs.200.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Reliance Securities Demat account is Free or Rs.400 per annum and for the Ski Capital Demat account is Rs.499 per Annum. The Trading AMC for Reliance Securities and Ski Capital is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Reliance Securities and Ski Capital is CDSL.
| Account Opening and Demat Charges | Reliance Securities | Ski Capital |
|---|---|---|
| Trading Account Opening Charges | Free | Rs.200 |
| Demat AMC (Annual Maintenance Charges) | Free or Rs.400 per annum | Rs.499 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Rs.25,000 | Zero Margin |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Reliance Securities and Ski Capital Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Reliance Securities is 0.15% – 0.50%, while Ski Capital charges you 0.2% – 0.5%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Reliance Securities is 0.15% – 0.050% and for Ski Capital also, it is 0.02% – 0.05%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Reliance Securities charge 0.15% – 0.050% and Ski Capital charge 0.02% – 0.05% for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Reliance Securities charges Rs.50 – Rs.100 per lot, and Ski Capital charges Rs.20 – Rs.50 per Lot.
| Equity Brokerage Charges | Reliance Securities | Ski Capital |
|---|---|---|
| Equity Delivery Brokerage | 0.15% – 0.50% | 0.2% – 0.5% |
| Equity Intraday Brokerage | 0.15% – 0.050% | 0.02% – 0.05% |
| Equity Futures Brokerage | 0.15% – 0.050% | 0.02% – 0.05% |
| Equity Options Brokerage | Rs.50 – Rs.100 per lot | Rs.20 – Rs.50 per Lot |
Reliance Securities and Ski Capital Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Reliance Securities is 0.015% – 0.050% and for Ski Capital is 0.02% – 0.05%.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Reliance Securities charges Rs.50 – Rs.100 per lot for currency options, whereas Reliance Securities charges Rs.10 – Rs.25 per Lot.
| Currency Brokerage Charges | Reliance Securities | Ski Capital |
|---|---|---|
| Currency Futures Brokerage | 0.015% – 0.050% | 0.02% – 0.05% |
| Currency Options Brokerage | Rs.50 – Rs.100 per lot | Rs.10 – Rs.25 per Lot |
Reliance Securities and Ski Capital Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Reliance Securities charges No for commodity trading, while Ski Capital charges 0.02% – 0.05%.
| Commodity Brokerage Charges | Reliance Securities | Ski Capital |
|---|---|---|
| Commodity Options Brokerage | No | 0.02% – 0.05% |
Reliance Securities and Ski Capital Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Reliance Securities levies a minimum brokerage fee of As per Transaction, while Ski Capital charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Reliance Securities levies a transaction brokerage charge of 0.00350% of Total Turnover, while Ski Capital charges 0.00323%.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Reliance Securities is 0.0002% of Total Turnover and for Reliance Securities is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Reliance Securities are 0.0126% of Total Turnover, while for Ski Capital, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Reliance Securities charges Nil and Ski Capital charges NA.
| Other Brokerage Charges | Reliance Securities | Ski Capital |
|---|---|---|
| Minimum Brokerage Charges | As per Transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00350% of Total Turnover | 0.00323% | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | Nil | NA |
Reliance Securities and Ski Capital Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Reliance Securities is up to Upto 20x and by Ski Capital it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Reliance Securities is up to Upto 25x and by Ski Capital it is up to Upto 6x.
Equity Futures: Leverage for Equity Futures by Reliance Securities is up to Upto 15x and by Ski Capital it is up to Upto 2x.
Equity Options: Leverage for Equity Options by Reliance Securities is up to Upto 15x and by Ski Capital also, it is up to Upto 4x.
| Equity Leverage | Reliance Securities | Ski Capital |
|---|---|---|
| Equity Delivery | Upto 20x | Upto 2x | Equity Intraday | Upto 25x | Upto 6x | Equity Futures | Upto 15x | Upto 2x | Equity Options | Upto 15x | Upto 4x |
Reliance Securities and Ski Capital Currency Leverage
The currency futures leverage provided by Reliance Securities is up to Upto 10x, while for Ski Capital it is up to Upto 3x.
The currency options leverage provided by Reliance Securities is up to Upto 10x, while for Ski Capital it is up to Upto 3x.
| Currency Leverage | Reliance Securities | Ski Capital |
|---|---|---|
| Currency Futures | Upto 10x | Upto 3x | Currency Options | Upto 10x | Upto 3x |
Reliance Securities and Ski Capital Commodity Leverage
The commodity leverage provided by Reliance Securities is up to No, while for Ski Capital it is up to Upto 3x.
| Commodity Leverage | Reliance Securities | Ski Capital |
|---|---|---|
| Commodity | No | Upto 3x |
Reliance Securities and Ski Capital Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Reliance Securities | Ski Capital |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | Yes | No | Flexible Plans | Yes | Yes | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Reliance Securities and Ski Capital Features
Equity Trading: Reliance Securities and Ski Capital brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Reliance Securities and Ski Capital also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Reliance Securities and Ski Capital broker is that you can also invest in IPOs. Reliance Securities also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Reliance Securities offers trading exposure of up to Upto 25x, while Ski Capital gives up to Upto 6x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Reliance Securities and Ski Capital, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Reliance Securities and Ski Capital also allow you to trade in forex trading.
| Features | Reliance Securities | Ski Capital |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | No | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | Yes | No |
| Trading Institution | No | No | Trading Exposure | Upto 25x | Upto 6x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | Yes | Forex Trading | No | No | Banking | No | No | Insurance | No | Yes |
Reliance Securities and Ski Capital Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Reliance Securities and Ski Capital offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Reliance Securities | Ski Capital |
|---|---|---|
| Fundamental Reports | Yes | Yes |
| Research Reports | Yes | Yes |
| Company Reports | Yes | Yes |
| Annual Reports | Yes | Yes |
| Company Stock Review | Yes | Yes |
| Free Stock Tips | No | Yes |
| IPO Reports | Yes | Yes |
| Top Picks | Yes | No |
| Daily Market Review | No | Yes |
| Monthly Reports | Yes | Yes |
| Weekly reports | Yes | Yes |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Reliance Securities and Ski Capital Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Reliance Securities and Ski Capital offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Reliance Securities | Ski Capital |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | No |
| Desktop Browser | Yes | Yes |
Reliance Securities and Ski Capital Mobile Trading Platforms
Reliance Securities and Ski Capital offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Reliance Securities | Ski Capital |
|---|---|---|
| Mobile Browser | No | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Reliance Securities and Ski Capital Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Reliance Securities and Ski Capital give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Reliance Securities | Ski Capital |
|---|---|---|
| Relationship Manager | Yes | Yes |
| Offline Trading | Yes | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 80 | 920 |
Reliance Securities and Ski Capital Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Reliance Securities and Ski Capital registered and resolved complaints.
For Reliance Securities, the Percentage of resolved BSE complaints is 83.45 % and the Percentage of resolved NSE complaints is 87.88 %.
For Ski Capital, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Reliance Securities is better than Ski Capital in case of resolving customer complaints.
| BSE Complaints | Reliance Securities | Ski Capital |
|---|---|---|
| BSE Complaints | 145 | 1 |
| BSE Resolved Complaints | 121 | 1 |
| Percentage of resolved BSE complaints | 83.45 % | 100.00 % |
| NSE Complaints | 198 | 2 |
| NSE Resolved Complaints | 174 | 2 |
| Percentage of resolved NSE complaints | 87.88 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | 85.66 % | 100.00 % |
Frequently Asked Questions
Is Reliance Securities better than Ski Capital?
Reliance Securities and Ski Capital are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Ski Capital better than Reliance Securities?
Ski Capital and Reliance Securities are at the top among the best full service brokers. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Reliance Securities and Ski Capital?
Reliance Securities and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Reliance Securities and Ski Capital?
To figure out which of the two stockbrokers, Reliance Securities and Ski Capital, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Reliance Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Reliance Securities with other brokerage firms.
Compare Ski Capital with other stock brokers
Visit the following pages to see a detailed comparision report of Ski Capital with other brokerage firms.