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#1
30th June 2007, 10:52 PM
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Review of Religare R-ally Lite
I have just filled up form for Religare R-Ally Lite (browser-based) with brokerage 0.05% IntraDay & 0.5% Delivery & exposures upto 20 times & 4 times respectively. Delivery exposures have been promised to be made 8 times in 2 months, within which period the brokerage too has been promised to be reduced to 0.03% & 0.3% respectively.
Gave a cheque amounting Rs. 5000/-, out of which Rs. 380/- (Non-Refundable )would be charged towards account opening & rest transfered to my trading account, has been given by me. Interests on Delivery margins is stated to be between 16-18%. I'd like the review of the members who are trading with religare using the same plan, it's pros & cons. Is the extra payment of Rs. 1830/- or so, that'll be adjusted towards future brokerages, that is charged to avail R-ally Pro ( i.e. usage of ODIN), an investment that justifies itself? Instead of going for ODIN, should I go in for Power India Bulls software, which means that I take another DP account? How has been the experience of members with tips provided by third party service providers like sify intraday likes? 
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