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| Discuss Reliance Money at the Brokers & Demat Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Mr Basudeo Thanks for the info. For delivery trading the info is not clear I ... |
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| Brokers & Demat Matters Talk about brokers, share transfers, demat matters and depository participant service providers. |
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#21
13th May 2007, 06:26 PM
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Re: Reliance Money
Mr Basudeo
Thanks for the info. For delivery trading the info is not clear I pay 500 rupees brk upfront. how much stock i can buy in delivery per day? 10 laks I understand. iF I BUY 10 LAKS WORTH OF INFOSYS TODAY IN DELIVERY AND PLAN TO SELL AFTER 3 DAYS, WHAT IS MY BROKERAGE PLUS TAX TODAY FOR BUYING. RS 600 FOR TODAY RS 600 FOR DAY OF SALE TOTAL BROKERAGE= 1200 tHE LIMIT FOR DELIVERY BUYING IS ONLY 10 LAKS ANY DAY please correct me if i am wrong. My interest in swing trading. They are talking about f&o limts in 3cr. my interest in delivery trading restrictions and expenses thanks for the info in advance 
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#22
13th May 2007, 07:26 PM
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Re: Reliance Money
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We all know that Reliance Money is a new product The only reason for this is the technical delay. Nothing else. it takes some time to set up the account and provide it to you Regards... Puneet
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#23
13th May 2007, 08:29 PM
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Re: Reliance Money
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-Siddique
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#24
13th May 2007, 10:14 PM
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Re: Reliance Money
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#25
14th May 2007, 07:58 AM
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Re: Reliance Money
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Its a blessing in disguise that Insta-trade is not activated for your account. My Insta-trade has been activated since the last one month and I am really furious at RMoney. Due to a technical glitch, I lost Rs. 15,000 on 11.05.07. I had bought Nifty 4100 puts and was at a profit. Suddenly, ther market took an about-turn, and to book profits, I gave a Sell Order. For the next 15 minutes, the Order Book kept showing "In Process", during which time I could not delete/edit the order. Finally, when the fault was resolved, my puts were down heavily. Their Helpline is not Toll-free (in my city) and they make you wait endlessly on STD charges. This is not the first time this has happened. Also, my TradeBook shows two contracts which I did purchase, worth Rs. 14,000 at purchase which have not been squared off and are not in the Open Positions List. So I might end up losing this amount as well, unless I sue them and wait for 5 years for the case to be settled. My advice- Stay away from Reliance Money.
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#26
14th May 2007, 10:22 AM
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Re: Reliance Money
Hi mozillan,
Really felt sorry for your fiasco with RMoney. I wish you good luck that you recover your losses quickly & I also wish that it was just an exceptional technical glitch which happened with you & not a usual phenomenan with RMoney ! We can only hope for the best. What happened with you in InstaTrade could have happened with anyone using EasyTrade as well. -Siddique
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#27
14th May 2007, 11:55 AM
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Re: Reliance Money
To all group members,
I want to share my unending wait for overhyped Reliance Money a/c. I submitted the papers after marathon signing exercise on 18 April,2007 to Reliance Money frachisee at Hyderabad. But till today I have not received their full of mystry kit. I am constantly in touch with the local franchisee and they are saying Ok you will receive tomorrow etc. A week ago some lady from Reliance Money telephoned me that there was some mistake in my papers. I told her to send back the papers so that I could varify and correct that mistake. But a week passed to get back my documents from Mumbai. Today their frachisee told me that your documents were posted at Vizag. Now you realize the working of big corporates in our country. If anyone facing same type of problems, please share your experiences. Basudeo
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#28
14th May 2007, 03:08 PM
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Re: Reliance Money
Can someone please let me know if RMoney accepts "After Market Orders(AMO)" ? & if yes, what are the time-slabs ?
I couldn't find anything mentioned on their website regarding AMO orders. Thanks -Siddique
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#29
16th May 2007, 06:54 PM
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Re: Reliance Money
RELIANCEMONEY SUCKS,
I have been facing lot of problems since last week, Delayed order confirmation,delayed trader confirmation, Market orders taking 45 minutes to confirm, say you pace market order at 2:40 p.m it gets confirmed at 3:20 p.m,gets executed at 3:20 p.m prices, It is not worth it, CHEAP BROKERAGE CHEAP SERVICE Raju.
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#30
16th May 2007, 07:27 PM
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Re: Reliance Money
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