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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 41 votes
Rated 3.3 stars Rated 3.4 stars Rated 3.3 stars Rated 3.3 stars Rated 3.4 stars Rate
              

604. zameer  Mar 13, 2010 11:29:47 AM IST |  Reply 

dear friends please plzzzz plzzzzzzzzz dont open demat account wid reliance money and dont trade wid them,,,or they will cheat you,they have various kind of hidden cost.
leave them try once ventura1.com

603. Jitendra Thanki  Mar 05, 2010 11:40:07 AM IST |  Reply 

I have recently opened a demat account. Please advise me how to get "Operating procedure manual for beneficary account holders.

Please advise.

602. rel mani  Mar 02, 2010 5:08:14 PM IST |  Reply 

Hey i have heard that User can create multiple market watch, with 200 scripts-each in Reliance Money Super trade. You can add NSE, BSE, FONSE and ETFs on the same market watch.how good you guys think it is?

601. rohan  Feb 28, 2010 8:00:01 PM IST |  Reply 

Hi, I need some details about Reliance Money Demat account and your Brokerage charges and account opening charges.
please send me full details.

600. MV  Feb 19, 2010 8:29:11 AM IST |  Reply 

I am Australian citizen with OCI (overseas citizen of India).

What are the formaity (documents required) to open demat account? Does it allow me to trade in IPO, secondary market and buy manage funds online? does it allow me to trade in derivatives online?

What is the timeframe to establish the account and what are the initial and ongoing charges?

599. alok  Feb 17, 2010 6:58:33 PM IST |  Reply 

Don't open demat account in Reliance money.
They will offer you cheap charges initially but gradually will increase the same.
For example, If someone has opened demat account in Jan 2008,their AMC was Rs.50 only.But within few months , they increase it to Rs.200.
Further, they have increased their brokerages in the same manner. So, avoid this broking firm.They will cheat you when you open your account with them.

598. shreelatha  Feb 11, 2010 2:47:43 PM IST |  Reply 

I was thinking of the same on how to get more details on opening a demat account for reliance money.

597. Bhargavi  Feb 10, 2010 6:13:15 PM IST |  Reply 

Hi, I need some details about Reliance Money Demat account and your Brokerage charges and account opening charges.
please send me full details.

596. Dadasaheb Prakashrao Patil  Feb 10, 2010 3:43:05 PM IST |  Reply 

I have impressed from your webpage designing. I wanted to join Reliance Money. so what can I do? reply

595. bhishen   Feb 08, 2010 2:00:21 PM IST |  Reply 

Why don't you check the reliance money website, it would provide you all the details required if need be mayb you can cal them.

594. Aravind D  Feb 03, 2010 7:58:42 PM IST |  Reply 

Hi,
I am a Greencard holder from NJ,USA. Looking to open an account with Reliance Money. I applied for a PAN card recently. Please let me know the procedure to open a Dmat account.
Regeds
Aravind

593. sraju  Feb 02, 2010 4:54:23 PM IST |  Reply 

dear sir;

i want to know about brokerage charges structure of ur company please send the structure to this mail.

thanking u
sraju

592. naveene  Feb 01, 2010 2:02:17 PM IST |  Reply 

sir pl tell me your brokarage details , presently i m trading with 0.015%, tell be your brokage please

591. vakula  Jan 30, 2010 7:35:57 PM IST |  Reply 

Can I know what is the procedure to open a demat account and also Can I know how much is the brokerage charges and Is there any annual or montly charges and service charges?

590. MANIKANDAN  Jan 30, 2010 6:58:31 PM IST |  Reply 

RELIANCE MONEY has Trading software called SUPERTRADE which is USELESS one. Of course you can save money on brokerage, but definitely you will loose your capital because of the problems in this software.
ISSUES.
1. If you place an order it will neither show the status as accepted or executed. It will show as INPROCESS. You need to call 39886000 a customer care number where you will be asked plenty of questions by
the people attending phone calls before that your target for the scrip may disappear. For such phone order they will debit your trading account .
2. If you invoke NET POSITION report to square off your open position, it will show an error message as INVALID SCRIP.
3. If you are an OPTION trader your volume will be calculated by including strike price. for example if you buy one lot of NITY 4900 CE @ Rs.100 (They calculate volume as (4900+100)x50) (Volume Rs 250000).
4. Apart from all of this when ever you see a huge volume in NSE trading route, most of the time the software will not work in peak hours. For example last month (During Second week of January between 3.10 pm and 3.25 p.m) the entire software did not work. In such a critical stage you cannot contact customer care. Either you will receive line busy message or you can hear the line keep on ringing.
5. When ever your limit card expires, they never send any intimation to you either by SMS or by email. They will debit your trading account as and when they wish. In early days, they used to debit in bulk amount for limit card in single day.
I incurred huge loss only with a myth to save brokerage. Now I moved to another company. Of course the charges are little more but I have peaceful trading experience
If your view is only to save brokerage without profit you can choose these people. If your real intention is to earn money, it is my personal advice to choose any other company. These big corporate people want to sweep a huge amount from traders by way of offering this Rs.6000/- Limit Card. Their intention to earn more profit before 31st March 2010 to deliver a good financial result. Think twice.

You have to pay in advance before starting your trade. If you find any difficulty in trading you will not get back this amount.

THE BEST PRINCIPLE IS Trade and pay Brokerage. Do not pay brokerage in advance and then Trade. In Trade and pay concept you have the option to switch over. In the second option you have to digest the problems.

589. Bharath Kumar  Jan 28, 2010 2:33:39 PM IST |  Reply 

Hi, Please I need details about Reliance Money Dmat and how much brokarage charges in this demat account.

588. Guru  Jan 22, 2010 11:49:02 AM IST |  Reply 

Can I knoe what is the procedure to open a demat account and also Can I know how much is the brokerage charges and Is there any annual or montly charges and service charges?

Regards,
Guru

587. satyajit Das  Jan 21, 2010 3:46:07 PM IST |  Reply 

I have both ICICI DIRECT and RELIANCE MONEY account. ICICI DIRECT is is far better than Reliance Money. ICICI DIRECT is very transparent with their dealings, where as R Money is fooling customers. R Money web site has frustrating speed.

586. dilip  Jan 21, 2010 12:35:40 PM IST |  Reply 

i want t earn a lot of money by using the stock exchange market but i do not know that how we start for tha.
so plz give me some idea

585. raaga  Jan 20, 2010 7:28:06 PM IST |  Reply 

Hi,
I personally have Rel Money demat account. Don't go for this Rmoney account since they fooling investers.

For retails, You have to pay 500 per year and will have a limit of 2L only. For transaction they will charge 15Rs.

May be this is good for biggies...

Regards,
Raaga

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