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 Reliance Securities Customer Reviews, Complaints, Experiences & True Feedback

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

Stock Broker Review Ratings

Overall Rating Fees Brokerage Usability Customer Service 48 votes
Rated 3.4 stars Rated 3.5 stars Rated 3.4 stars Rated 3.3 stars Rated 3.4 stars Rate
              

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.

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..

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.

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.

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

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

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

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

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!!!

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?

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....

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.

656. anr  Nov 24, 2010 10:22:19 AM IST |  Reply 

Here's a new one.
I called up reliance money support for some problem. Gave them the error message I was seeing. The support person asked me for my password so that she could login and see the problem (and presumably debug the problem). And that is the only way (I was told) the problem could be investigated. Way out of this problem is to cancel the earlier request and create a new one. That's "clever".



655. Krishan sharma  Nov 15, 2010 8:20:43 AM IST |  Reply 

I am holding mutual fund in reliance securities. I am struggling to redeem the holding mututaql fund. I am not able find the navigation or the way to redeem.

Can anyone help?

654. Madan Mohan Bhatt  Nov 15, 2010 6:34:40 AM IST |  Reply 

Hi,
I was forced to take the insta plus trading.THE DISPLAY IS TOO DIFFICULT TO UNDERSTAND.
kindly provide me previous insta trade in which i was working smoothly.
Also let me know annual % brokerage charges along with limits

653. Shashidhar  Nov 14, 2010 6:44:26 PM IST |  Reply 

Insta plus is difficult for a layman to understand but once guided, it is a much better platform to trade compared to easy trade. Initially I faced difficulties but once I got my doubts cleared from Reliance, there is no stopping.

652. LAJPAT RAI  Nov 11, 2010 3:42:23 PM IST |  Reply 

Sir,
my account is open in 2008 but no any charge taken by RELIANCE CAPITAL LTD. Please provided my Dmat account status.

651. SKP  Nov 10, 2010 5:01:54 PM IST |  Reply 

I AM ALSO ANOTHER VICTIM OF RELIANCE MONEY.
I HAVE BEEN FORCED TO SHIFT TO INSTAPLUS.
THE DISPLAY IS TOO DIFFICULT TO UNDERSTAND.
IT'S SO TIME CONSUMING TO START I AM NOT ABLE TO TRADE.
DIFFICULT TO GET THERE CUSTOMER CARE DURING MARKET HOURS & IN EVENING THEY ARE CLOSED.

CAN ANYBODY HELP ME HOW TO APPLY FOR IPO ON LINE IN THIS INSTA PLUS.

I DO NOT TRADE MUCH BUT FORCED TO MIGRATE TO ANOTHER STOCK TRADING SERVICE PROVIDER SOON. HDFC IS GOOD ? ANY SUGGESTION FOR A BETTER SERVICE PROVIDER.

650. Becareful with instaplus INtraday transactions   Nov 8, 2010 10:55:31 AM IST |  Reply 

Hi,
I was forced to take the insta plus trading with the % brokerage saying the limit card 500 will not be available by default. Now it was mentioned that the % brokerage is charged per share and not on the amount transacted. For example i have made a transaction wortyh 170000 of 5000 shares and according to the % brokerage structure the brokerage charge should be 85 but i was charged with Rs.250.
And when i contacted the customer care i just got hte reply that it was 5 paise per share and for 5000 shares it was Rs250.. But guess what the delivery is charged ont he amount transacted where as the intraday is chared based on per share.

Anyone using the intraday in instaplus please let me know if this is the correct.

649. anis   Nov 8, 2010 1:25:27 AM IST |  Reply 

i am also a victim of reliancemeny insta plus portal they are convinently using investors money for expeimenting with their portal with no body to stop them sooner all account will be closed instead of westing valuable time in lerning their wesbite, they are using investor for the sake

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