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Reliance Securities in India — review, licence and costs
Score (4 of 6 axes scored)
shown, not ranked: no cost
- Reviews25%40
- Safety20%100
- Track record10%no data
- Platforms10%15
Numbered by weight: axis 1 counts for most.
Key facts (4 facts)
- Onboarding entity
- Reliance Securities Ltd. (renamed IndusInd Securities Ltd. from Sep 2025).
- Founded
- 2005
- Currencies
- INR.
- Swap-free account
- no
Licence check
Open an account with Reliance SecuritiesThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- Reliance Securities Ltd. (renamed IndusInd Securities Ltd. from Sep 2025).
- Local standing
- SEBI-regulated domestic broker.
- Licence as the register states it
- SEBI-registered; NSE/BSE/MCX/NCDEX member; NSDL & CDSL DP (IN-DP-257-2016).
- Leverage for this entity
- Intraday margin & MTF under SEBI peak-margin norms.
- The firm behind it
- Founded 2005 as broking arm of Reliance Capital; acquired by Hinduja's IndusInd International Holdings (NCLT approval 2024), rebranded IndusInd Securities 2025.
- What we hold against it
- Ownership transition post Reliance Capital insolvency; rebranding/platform migration underway.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Intraday margin & MTF under SEBI peak-margin norms.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youSEBI-regulated domestic broker.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Accounts
Account types the broker names for this country: Demat+Trading, percentage & flat plans, BSDA available. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Reliance Securities sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts(1 method)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|---|---|---|---|
| UPI | 24 | — | 0 | 50 |
Deposit and withdrawal methods (1 methods · 1 local)
UPI, net-banking.
- UPIlocal
- Account currency
- INR.
- Fee declared
- 1 of 1 methods
- Withdrawal back to
- the funding method
Where it does not serve(1 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- reliancesmartmoney.com web/app
- InstaXpress desktop
- TICK PRO mobile
Pros and cons(3 for and 4 against, each tied to a figure on this page)
- Authorised by the India regulator in its own register
- Safety 100 of 100, its strongest of 4 scored axes
- 3 platforms: reliancesmartmoney.com web/app, InstaXpress desktop, TICK PRO mobile
- Round-turn cost not priced: the pair of spread and commission is not published
- Withdrawal time not published
- Platforms 15 of 100, its weakest of 4 scored axes
- Not scored on round-turn cost, payouts: the broker publishes no figure we could read
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 4IN
- Rank in this country
- #4
- Round turn, USD
- 5IN
- Min deposit, USD
- 0 groupIN
- Rank in this country
- #2
- Round turn, USD
- 2IN
- Min deposit, USD
- 10 groupIN
- Leverage
- 500IN
- Rank in this country
- #23
- Round turn, USD
- 7IN
- Leverage
- 1000 group
- Rank in this country
- #40
- Round turn, USD
- 8IN
- Rank in this country
- #47
- Round turn, USD
- 6IN
- Min deposit, USD
- 0 groupIN
- Leverage
- 500IN
- Rank in this country
- #15
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | Reliance Securities |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 40 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | — |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | — |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 15 |
— the broker does not publish this figure; it is not read as a zero and it is not scored.
FAQ
- Does Reliance Securities accept residents of India?
- Yes. SEBI-regulated domestic broker. Onboarding entity: Reliance Securities Ltd. (renamed IndusInd Securities Ltd. from Sep 2025).
- Is Reliance Securities licensed to serve clients in India?
- SEBI-registered; NSE/BSE/MCX/NCDEX member; NSDL & CDSL DP (IN-DP-257-2016). Checked on 09.07.2026.
- Which trading platforms does Reliance Securities support?
- reliancesmartmoney.com web/app, InstaXpress desktop, TICK PRO mobile. Instruments: Equity, F&O, currency, commodity, MF, IPO, bonds, corporate FDs, insurance.
- How can I withdraw money from Reliance Securities in India?
- UPI, net-banking.
- What account types does Reliance Securities offer?
- Demat+Trading; percentage & flat plans; BSDA available.
- Does Reliance Securities offer a swap-free (Islamic) account?
- No. Reliance Securities publishes no swap-free (Islamic) account for India.