share experience with reliancemoney.com

[bangerabs]

There are lot of omissions and commissions. For Insta Trade, u hv to call customer care. But web trading is better than Insta-trade. BSE rates are never being refreshed. NSE rates are 3 minutes slower. I do hv a/c. and am patiently waiting for improvement in web as well as Insta-trade. U can not even check ur ledger account excepting for single day.

 

[param777]

Hi,
Through reliancemoney u can not place After market oder. It is actually a matter of concern. I asked the reliance customer care and they informed that they are going to activate this option in near future. God knows when it will happen.

 

[RAMDAS]

How is charting on reliancemoney.com

Can anyone share...... how is charting facility on reliancemoney. ?

Currently all brokers provide worst charting along with Trade terminal.
They just want us to Buy Metastock or Tradestation for charting. so they provide poor charting facility.
If charting facility is good , Trader will take more transactions, and that will generate more brokarage for broker. this is simple logic but ignored.

I was hoping atlest reliance money would have given best trade terminal along with best charting facility.

Best Regards
Ramdas

 

[msiddique]

Hi,
Through reliancemoney u can not place After market oder. It is actually a matter of concern. I asked the reliance customer care and they informed that they are going to activate this option in near future. God knows when it will happen.

After market oder will take around 2 months to get implemented with RMoney.

-Siddique

 

[basudeo]

Dear freinds,

If you are trading through Reliance Money, dont rely upon their so called "Insta Trade". Never place market order based upon insta trade quotes. I have been trading through them for the last some days.

Get omkar's sheet from this forum and watch live quotes on this excel sheet and only place limit orders in Reliance Money.

I find no problem in the execution of limit orders. Site becomes even worse after 3pm. I think it is due to high volume caused by auto square off.

Their brokerage is really cheap, no doubt in it. For nifty future or options, you have to pay around Rs.60/- for both legs (36/- STT, .04 stamp duty, 1.00 Turnover charge and around 23/- their brokerage @ Rs. 5/- per lac on 4.5 lac). So break even is after 1.20 and that is the cheapest here.

basudeo

 

[pgnpowers]

hi folks ... i trade usually with speedtrade (sharekhan) good product but normal brokerage ... just opened a account with reliancemoney and i got al of the initial stuf one pretty quick ... also waiting for instatrade activation .. but reading all of your reviews which i unfortunately missed before applying for reliance .. i am thinking weather i did the right thing ... also i wanted to find out about their so called ((ASSISTED TRADING )) is it really worth the extra money that each transaction is charged .. has anyone tried assisted trading where in u are supposed to call in to a franchisee and place your orders .. i usually trade with Nifty futures .. would like to know weather its better to stick to sharekhan at present and wait for reliance to better over time ?

 

[msiddique]

Hi pgnpowers

If brokerage is no-issue for you, then I suggest that you better hang-on with ShareKhan. Switching to RMoney from ShareKhan would defenitely prove to be a not-a-very-wise-decision except for the brokerage part. I have not yet experienced either InstaTrade OR Assisted Trading & hence can't comment on it. Also you will get complete details on RMoney's inner-aspects such as customer service etc. on this very site.

Do you have a technical system to trade Nifty Futures ? Can we all benefit from it ?

-Siddique

 

[sudhir gupta]

Friends,


Friends, let us unite & fight for reimbursement of losses incurred due to their system's fault. Also let them correct their system before putting investors money, in wrong thread. Till then they should stop providing services to their customer.

dev mookerji

I wish you and others who suffered at RelianceMoney had read my following posting before opening a/c with them.

http://www.traderji.com/brokers-demat-matters/10670-beware-reliancemoney.html

Several agents of RM vehemently derided my posting. Although their outbursts were deleted by the moderator, people still flocked to RM.

RM remains same even after 6 months of my posting. And i have not funded my trading account, resigned to the fact of loosing Rs.3200/- paid upfront.

I think ADAG will be jack of all trades and master of none !

And there are c h e a p e r brokerages than RM. One has to make an effort to find out.

 

[pgnpowers]

Hi pgnpowers

If brokerage is no-issue for you, then I suggest that you better hang-on with ShareKhan. Switching to RMoney from ShareKhan would defenitely prove to be a not-a-very-wise-decision except for the brokerage part. I have not yet experienced either InstaTrade OR Assisted Trading & hence can't comment on it. Also you will get complete details on RMoney's inner-aspects such as customer service etc. on this very site.

Do you have a technical system to trade Nifty Futures ? Can we all benefit from it ?

-Siddique

To start out thanks for ur prompt reply siddique .. ya as you said i just have to see how the experience will be firsthand .. have not yet funded my trading account as well .. so lets see if not insta trade weather their assisted trading works ok ... if not sharekhan will be my mainstay atleast in the near future .. Regarding trading the nifty futures .. i try and short it assesing the high it might go to in the near future .. there is no technical bias but i do follow the free newsletters by sachin chavan .. (www.sachinchavan.com) just to name one ... to get a sense of the high nifty can make in the forseeable future .. once i see nifty at a nice and juicy high i short it and then have about 1-2 months time to wait so it falls(usually it would fall with in a week or 2) .. then i square off .. simple technique but it seems to be working well for me as of now .. lost a lot of money in options as i firstly didnt know what it was about and also i entered with a lot of dough ... but shorting nifty seems the safest bet as its bound to fall on any news thats negative after a nice rally .. shorting satyam and other stocks like ITC on a intra day / weekly basis could also be very profitable ...hope that answers my trading strategy for now
.... try reading a article on volume spread analysis (GOOGLE IT)... most of all if any of you folks know about range bound stocks ( maybe hindalco /MTNL) where in thers bound to be a high and then a fall you can always use the shorting technique as if and when theres a sudden market collapse it benefits us rather than the other way round ... its always hard to build and easy to destroy .. so when given a opportunity to cash in on destruction .. ( the recent 400 point fall ) why shy away ...

 

[ssreev]

Hi I am new to this forum
I heard about reliance money . can nri open an accout in reliance money. can anyone reply. thanks