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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

48 votes  Rate Reliance Securities

Overall Rating Fees Brokerage Usability Customer Service
Rated 3.4 stars Rated 3.5 stars Rated 3.4 stars Rated 3.3 stars Rated 3.4 stars
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588. MANIKANDAN  Jan 30, 2010 5:58:31 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.
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587. Bharath Kumar  Jan 28, 2010 1:33:39 PM IST Reply
Hi, Please I need details about Reliance Money Dmat and how much brokarage charges in this demat account.
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586. Guru  Jan 22, 2010 10:49:02 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
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585. satyajit Das  Jan 21, 2010 2:46:07 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.
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584. dilip  Jan 21, 2010 11:35:40 AM 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
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583. raaga  Jan 20, 2010 6:28:06 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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582. Bhushan Sharma  Jan 20, 2010 2:41:43 PM IST Reply
I really like the services offered by Reliance money... They have taken many initiatives since the beginning and are growing well... The recent branch dealing desk has really been a boon.. There is more trust i feel.....
good going RM....
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581. Ranbir  Jan 13, 2010 3:41:45 PM IST Reply
Hi mital.... I have heard abt it today morning ..i spoke to one of my frnd who suggested that i shud take it ...its a good offer ...they r giving free research tips with it .... ...also providing super trade platform alongwith the offer....will consult few more ppl ..suggest u call their nearest cust service office and find out details ...
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580. dilip  Jan 11, 2010 9:23:46 AM IST Reply
dear r.maney i have demat a\c and i want to know how to have profit and no loss and what are the charges a trading in dilevry trading and margin trading please
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579. Hemant Bais  Jan 9, 2010 9:57:51 PM IST Reply
What is a Demate account? Can a Govt. employees open a Demate account? What is the procedure to open a Demate account and what are the other expenses and the minimum investment amount required? What the further trading
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578. Nithianand  Jan 9, 2010 9:06:16 PM IST Reply
I am already a forex trader... i need to know about the offshore investment that reliance offers. i want to trade US equities through reliance....

Please throw some light, your help would be highly appreciated....

Thanks in advance....
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577. niranjan dey  Jan 8, 2010 4:32:09 PM IST Reply
I want to start online small share bussiness. What are the procedure. What document I have need to submit. How to proceed for the same.
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576. NCKar  Jan 8, 2010 1:01:03 PM IST Reply
i am interested to open an account for stock trading. i tried to contact the reliance money but that was bounced. in their website they have promised quick reply how can one believe a better service?
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575. Natwarlal.  Jan 7, 2010 9:20:57 PM IST Reply
I have rmoney account two year ago and No anyn Trading and no buy or sell now leager balance why 3664.00 I want my leager is nill beacouse I do not any qury than why my leager balance above
your faithfully,
n.r.gadhavi
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574. jekson jose  Jan 7, 2010 8:53:38 PM IST Reply
For opening the trading accounts Pls call 9037011683. New Product launch 3 months Unlimited trading by paying rs 6000 and 15 rs per order. Njoy the unlimited trading.......
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573. tara chand  Jan 7, 2010 7:56:20 PM IST Reply
DEAR RMONEY, I HAVE DEMAT ACCT AND I WANT TO KNOW WHAT IS STOP LOSS, AND WHAT ARE THE CHARGES FOR A TRADING IN DILIVERY TRADING AND MARGIN TRADING. PL
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572. RAVIRANJANKHAN   Jan 4, 2010 10:24:56 AM IST Reply
I HAVE VERY WISH TO INFORM THAT RELIANCEMONEY IS VERY GOOG SITE AVAILABLE. I AM EMAIL TOMUMBAI HEADOFFICE.EMAIL ARE NOT RESPONSE .I CALL TO TRADING DEPARTMENT- TRADING DEPARMENTSAY - TELLSIR,WHICH SHARE TOSELL.IAM TELLING TOSAY IAM TRADING ONLINE . I EMAIL TO MUMBAI.BUT NOT RESPONSE. PLEASE GIVE THE DEMO&SOFTWARE.EMAIL ARE NOT REPLY TOMUMBAI. THIS IS A RELIANCE MONEYSECURUTIESSERVICE . THIS SERVICE IS VERY GOOD FOR OFFLINE TRADING.
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571.  NAZIRUDDIN   Jan 1, 2010 3:26:19 AM IST Reply
I AM NRI ( JEDDAH, SAUDI ARABIA ). CAN I OPEN DEMAT & TRADING
ACCOUNT WITH YOU. HOW CAN IT LINKS WITH BANKS SAVING ACCOUNT?
PLS EXPLAIN IN DETAILS.
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570. sujit kumar saha  Dec 31, 2009 6:05:49 PM IST Reply
Pls let me know about online share trading account. I like open an online share trading centre where people can invest and get return.
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569. Kiranchandra S. Kodia  Dec 30, 2009 10:34:58 AM IST Reply
Sir,
My son, Niklank Kodia have demat account with Relience money, where he has given ICICI bank account of Motikhavadi -Jamnagar branch. Now he has changed his account to ICICI -Vallabh Vidyanagar branch. Please send me following information
1. What is procedure
2. Any document to be submitted, Where?
3. Details of your nearest branch in Vadodara/Anand(Gujarat)with contact numbers

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