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Reliance Securities Limited

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. ... Know more about Reliance Securities Limited

Reliance Securities Stock Broker Review Ratings

54 votes  Rate Reliance Securities

Overall Rating Fees Brokerage Usability Customer Service
Rated 3.3 stars Rated 3.5 stars Rated 3.3 stars Rated 3.2 stars Rated 3.4 stars
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676. rst  May 3, 2013 5:10:52 AM IST Reply
Should I go for reliance money or angel broker
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676.1. sandeep  May 29, 2013 5:57:05 PM IST
you should go for reliance money , its cheaper & it many option of investment
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675. sunil  Apr 11, 2012 4:28:39 PM IST Reply
i am confused after going through various comments pl help me. whether I should be open an online account with reliance or not thanx.
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674. ajay singh  Jan 26, 2012 7:11:53 PM IST Reply
I had a trading experience of 3 months with Reliance money online trade and lost money.

-false promise to refund a/c opening fee (after first month) = Rs. 750/-
-false promise to reduced brokerage (in 3 months) = Rs. 4060/-
-trades lost due to frequent password expiries = Rs. 4543/-
-trades lost due to website freezes = Rs. 7370/-
-fuel expenses for frequent visits to branch office to submit requests or settling disputes = Rs. 900/-

Reliance money has below limitations which restrict online traders to trade from their home/office ease.
-No realtime display of indices for online traders.
-No helpline after market hours.
-No sms support on mobiles
-No Mobile trading platform.
-No trade baskets (cannot process multi orders)
-No real time charts
-No email/sms alerts.
-No single window buying (it switches to different window to choose scrip codes and then switches back)
-Poor color themes for display.
-Poor website interface for FNO trades.
-No market coverage on daily basis. (they have low grade market lens for dealers but never send to clients)
-poor trading platform(tradeexpress) for power users. Live action of scrips often mixed with other scrips for spot price/traded volumes.
-poor reporting system. i never received report for my ledger balance limits in 3 months.
-website'a regular hanging time - Opening hours and closing hours.

Overall i had bad experience with reliance money website and people working in chandigarh office.
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673. satish sharma  Dec 27, 2011 9:35:29 AM IST Reply
I have grat experience all the account availabe under one roof.
1 3in 1 account
2 trading
3 commodity 4 browser facility

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
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672. satish  Oct 22, 2011 2:04:24 PM IST Reply
Very bad.... they get your account promising no charges and once you are onboard they increase the charges haevily after some time...The online website is down frequently and throws many errors at the time of transactions. you never know if the transaction is successfull. Even rejected transactions are later successfull without your knowledge and you come to know of this when they debit your account six months later.

Ratings:

Brokerage - Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Below Average
Overall Experience - Very Poor
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671. gurwinder singh  Sep 24, 2011 4:29:37 PM IST Reply
Ratings:

Overall Rating - Excellent
Fees - Excellent
Brokerage - Very Poor
Website usability - Excellent
Customer Service - Excellent
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670. ALOK KUMAR  Mar 24, 2011 3:53:54 PM IST Reply
very worst service, many hidden charges and insta plus is very bas many time said for again login all time spends in login but still get message that ur session is expired, i will advice not to go for reliance money.too many hidden costs. go some other but never with reliance
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670.1. sharad  Sep 8, 2013 10:57:10 AM IST
i was using it for last 4years. all services are very poor, lots of hidden charges. i suggest do not any services of reliance money.
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669. ONP  Feb 14, 2011 12:09:14 PM IST Reply
I had some problems and wanted to have doubts cleared. The doubts were satisfied immediately with full patience by one Mr. Chiranjeevi at TF: 9380008427 in Pondi. Their service seems to be good
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668. Pavanpavan  Dec 29, 2010 3:39:51 PM IST Reply
I had horrible experience with reliance money. their trading platform sucks with login issues. Security token is extra headache. we need to change Transaction password for every 15 days apart from login password. I really couldnt understand what is necessity of transaction password when we have login password and security token. Remember, most of the other dmats have only login password. recently, my security token failed to work and giving all zeroes when pressed. I have raised request for new token at cost of 200/- Im a software engineer and its cumbersome for me to use reliance money online platform. vexed up with reliance money, I have opened dmat with other brokerage. Overall, its nightmare and go for it if u want to make ur life miserable. Ask someone who is using reliance money in ur frens or relatives and take a decision.
1. we can do fund transfer frm only 1 bank account which is linked to our dmat where as India infoline provided facility to do fund transfer from any bank a/c.
2. Security token is unnecessary headache with short life.
3. unstable online trading platform and worst interface ..not at all user friendly
4. No transparency and honesty in transactions.
5. poor customer care.
It tested my patience several times. being vexed by RMoney, i had avoided to login for months together and lost lot of good oppurtunities.However, i completely avoided it now and using another trading platform. Totally that bast**d Anil ambani is a big cheater.. He looted lot of public money thru his Reliance power IPO and looting every day thru Reliance money.
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667. Jitendra  Dec 15, 2010 11:18:29 AM IST Reply
I agree with Mr Swapnil Jagtap. I have opened trading account with Rmoney before 3 months. They are serving me very better. Their new software is very good calld INSTA PLUS.. They charging 0.20% brokerage from me.... Tips are also very good. Overall EXCELLENT Experience..
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666. Nitesh Kumar sharma  Dec 11, 2010 11:06:04 AM IST Reply
Hi.. This is Nitesh. i wanna need to open an free demat account. plz explain me what is the rule of reliance money account. and can i start 1000.Rs.tell me.
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665. Munna bhai  Dec 6, 2010 11:30:57 AM IST Reply
Chandni chowk to china Reliance money ji why you not try to undestand why you closed essy trade and limit card maamu.
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664. Anil from delhi  Dec 5, 2010 6:23:30 PM IST Reply
Limit turnover option Rs 500. Is very good but bad news is Reliance money closed it so you closed your a/c and feel cool in cold
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663. RAJA BABU  Dec 5, 2010 6:14:25 PM IST Reply
Its trading platform is very poor and also mobile gprs system is very very multipal poor i say only keep distance from it
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662. Alok  Dec 4, 2010 8:10:27 PM IST Reply
I agree with you Mr. Ravi you write very good answer you are looted by reliance money ltd so closed you your a/c and save you your balance money .as soon as possible . Or complind to SEBI Also in your case thankyou
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661. Ravi  Dec 4, 2010 7:44:37 PM IST Reply
Reliance money charging very high brokrage. it is poor to me that i sale my filmcity media 40000 share at Rs 0.33 =Rs 13200 total amount and reliance money charged brokrage by no of share Rs 2225 (brok.stt,) and same buy my total brokrage buy and sell is Rs 4450. When i call to customer care they says that it our new % brokrage system so we are not able to do any things please help me. can i compline to SEBI or what i do after. Thank you
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660. Swapnil Jagtap  Dec 3, 2010 6:42:42 PM IST Reply
I don't know why people are spreading rumors about Reliance Money. Its not a good thing Brokerage is the best security is the best tips are the best among the market!!!
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659. singla  Dec 1, 2010 2:56:22 AM IST Reply
I bought 1000 Rs shares in delivery. they charged 135 Rs brokerage. When i called customer care they said that it is charged per shares. means 13.5% brokerage on my transaction. It means 27% brokerage on my buy+sell. It sucks.Nothing is mentioned in the plan regarding this that was given to me. And nothing is mentioned in the site also. Can I file any case in consumer court against them?
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658. mahesh  Nov 24, 2010 7:39:00 PM IST Reply
I have been a regular user of easy trade,Reliance is resorting to cheap tricks they are forcibly migrating users to insta plus.
Insta plus is not a user friendly tool.I struggled hard to use now stopped using and moved to religare.Reliance brokerage concepts sucks....
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657. Neeraj  Nov 24, 2010 2:08:01 PM IST Reply
Hi,

Please let me know how to check balance & transaction details for demat account in reliance money.

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