Reliance Securities, A Reliance Capital Limited Company, is the financial services division of Reliance Anil Dhirubhai Ambani (ADA) Group. Reliance ADA group is among top 3 business houses in India with wide range of presence across various sectors. ...
Stock Broker Review Ratings
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35 votes
479. RISHAV BAISHAKHIYAR Aug 11, 2009 4:53:59 PM IST | Reply
Reliance Money came with very attractive tariff, but they failed in providing service to reliance Money Users like www.reliancemoney.com cannot be opened after market hours, because transaction in under process. IPO cannot be applied through phone banking. Email is not received in users email ID, rather it is received in reliance money portal, which is highly inconvenient. I am operating account for last 2 years, but i haven't received any Demat Account Statement till date. Now, the time has come for me to change Demat Account Service Provider Reliance Money.
Hi Kumar If you still needs browesr based broking you are again cheeting from another, go for proffetional surlly you are getting benfit here, pointer working good in firwall and antivirus as iam also not a profetional trader but iam satisfied with them
Can any one tell a trading software that runs in Firefox. I also not liking the microsft / internet explorer / activeX. Firefox based web interface is good for me. If you come across such a online broker Pl post here I will try it. Badly I need to get out of RelianceMoney. Thanks
Hi Dinesh Thanks, I work behind firewall/proxy, that is why I need comfortable browser, more over I am not a professional trader, but I like to learn more in this field, once I learn I may allocate separate system and application based software. Could you suggest better browser, Thanks for you reply.
Hi Kumar Ya you right, ventura not having browser based version their Pointer gains many features like super fast logging, compressed data transfer(advantage limited speed net and limited data 1GB net scheems) historic charts etc availabe at such price at savings from other brokers
Shame on Rmoney. They r looting people. If you calculate brokerage for F&O(limit card 2500 6 month) 2,70,00,000/4,50,000(1LotNifty)=>60 2500/60==>Rs. 41.66 plus 15*2==>Rs. 30.0 6 months rent of super trade ==>1000/60==>Rs.16.66 Net 41.66 + 30.0 + 16.66==>Rs.88.35 And then add STT and StampDuty If u make a trade below 1,50,000 then u r paing 4 paisa. So get a broker who gives u 2paise & 20 paise with diet odien will beet rmaoney. that is all some reliable(2%) brokers r religare sharekhan 5paisa indiabulls motilaloswal. very low brk rates rkglobal(Rs.9/lot) bajajsecurities ventura religare very hapy trading Ones again If u want to trade stay away from Rmoney.
hello friends,I already informed last year it self to shift from rel.money no one wake up that time. at least now shift to better broking like Ventura Securieties. they offers good softwere, fast excution at lightning speed, good chart live and historic chart ,portpolio data, lower brokerage with out hidden charges,good coustemer care with many phone no.(no reply you canot get!!!) STT and stamp charges as actual(no min Rs to make money)
I think, geojit will be the best for intraday traders. It charges 3 paise per Rs 100 transaction. It provides browser based as well as installed software for interactive trainning. For delivery transaction it costs 30 paise per 100. Customer service is also good.
SEBI should penalise these people. All of a sudden they sent a mail like, all transactions will be charged Rs.15 from the immediate second day onwards. Then what about the promises they had given at the time of opening the account? ADAG group makes business by sucking peoples money without giving good quality of service.
Moreover I would say that first reliance money has proposed some very competitive brokerage and for that brokerage rate we have paid 2500/- rs for a year and all of a sudden they introduce Rs 15.00. Now if I am not comfortable with this Rs. 15.00 per transaction then what will happen to my subscription of Rs 2500/-. Because at the time of taking a subscription this new charge is not given. I think these cheaters are just interested in looting common man's money. They are not at all intended to be in any business. Reliance money ka sapna, public ka money apna
Yes, Reliance ADAG group is cheating public with intermittent hike of prices without any advance notice to its customers, i appeal that such fare hikes need to be informed to the traders in advance through a written communication by providing limited time frame for the individuals to decide to stay with the broker or discontinue, but i hope none have received such communication in written, which is absolutely illeagally looting money from the small investors. LET US ALL LAUNCH COMPLAINT WITH SEBI AGAINST reliance money. Here is the link where one can launch any issues with their brokers. http://www.sebi.gov.in/Complaint7.jsp
Hi, if any one find better broker kindly let me know, just post here others also know, We do not know the direction to move. What I want is (a)One who has browser based trading software. (b)Allow maximum time to squareoff , ie. In day trading reliance allow up 2:50, iciciDirect allow up to 3:05 similarly which one is allow more them up 3:29 is good but i do not know who is giving more time. I do day trade so I need to trade at last hours. (c)Minimum brokerage. Kindly give details Thanks
464. Ramesh shetty Aug 01, 2009 9:14:15 PM IST | Reply
oh god, i thought i am the only one who was cheated by these rel money people. so many complaints i dont think they will even look at these blogs.
"dhirubhai(anil) ka sapna sabka maal apna".
i sent them so many emails no reply.
interestingly you should know that each and every call you make they will charge you Rs 5 for attending that call( if you are lucky and they attend it)
i opened a/c 3 years back when their charge was 500 then they made it 1250 then again 2500 and now its 5000. if you have little knowledge then you will know how you are cheated.
our contract is 1 paisa per trade so we pay 5000 but now we are paying 15 for buying 15 rs for selling so thats rs 30 can you believe it and demat charges of ard 15+ what else you can pay.
you cant sell your stock if you have some stocks which are valued below 600. your trade should valued above 600!
did anil ambani got these ideas in the midnight? suddenly without giving a chance to change broker ?
i hope they will incurr big loss by loosing 90% clients.
after all these changes i think reliance money is most expensive one.
i will close this a/c within 6 months to year. because i have so many stocks in demat which cant be sold so early.
i hope these crooks will learn some day.
sorry to use bad words.
463. Bir Saxena Jul 31, 2009 7:40:44 PM IST | Reply
Reliance Money is a fraud. It is not showing proper details of monetary transactions. This company is looting money from retail investors and if you want to know about your money they will tell you all excuses. I have lost an amount of Rs.10000.
reliance money people r cheating retailers by charging even for limit card and also 15RS for each trade .... thr wil be no benfit left to small traders ... so small traders please stay away from this :(
461. ajay singh Jul 29, 2009 12:35:41 AM IST | Reply
I have already paid for yearly subscription Rs.2500/-annual limit card validity upto 30 december 2009, So along with this for every trade both ways Rs.15 for buy and Rs.15 for sell. I have try to inform reliancemoney lucknow but telephone is dead since 20july 2009.Ihave already lost around 2000+ ADAG CHEATING us BIG CHEATER ADAG GROUP OF INDIA I APEAL ALL OF YOU COMPLAINT TO SEBI
Sharekhan
