Religare online trading help

kalyanvgopal · #1 3rd November 2007, 12:01 AM

Hi,
I got my online trading account with Religare. Religare team promised me an online demo but they did not turn up. I am planning to try out things myself.
Can some body explain what are these options mean.

Trading Account: Intra day/obligation/delivery
Trade Type: MAR
Order Type: Limit/Market/Stop Loss
Price:
Trigger Price:
Disclosed Qty:
AMO: (a Checkbox)

Thanks in advance

Regards
Kalyan

lvgandhi · #2 3rd November 2007, 07:56 AM

Quote:

Originally Posted by kalyanvgopal

Hi,
I got my online trading account with Religare. Religare team promised me an online demo but they did not turn up. I am planning to try out things myself.
Can some body explain what are these options mean.

Trading Account: Intra day/obligation/delivery
intraday means your transaction is intraday. Obligation means that stock which you bought has not been delivered, but can be traded. deliveery you buy/sell stock for taking/giving delivery.

Trade Type: MAR
it is day trading

Order Type: Limit/Market/Stop Loss
you can order limit(by specifying the price), market(trade at market rates.) or stoploss( using trigger price for trading)
Price:the price at which trade takes place or you desire.
Trigger Price:The price above which you will like to buy orbelow which you would like to sell.

Disclosed Qty: Trade quantity you want to show in display
AMO: (a Checkbox)

Thanks in advance

Regards
Kalyan

I hope I could clarify.

pakatil · #3 4th November 2007, 12:24 AM

Trading Account: Intra day/obligation/delivery

IntraDay is for that Day Only. If you don't square up before 3.10 PM, Open Buy/Sell Position will be AutoSquared at Market Price

Delivery is for actual Buying & Selling Shares. Shares will be credited / debited to your Demat A/c. Normally it takes 2 days to receive Delivery of Shares. Hence You can't sell during those 2 days.

Certain Shares are allowed for Selling before the actual Delivery. This is Obligation

Trade Type:

MAR : Margin (Intraday Trading)
DEL : Delivery (Delivery Trading)

Order Type:
Market : Buying or Selling at CMP (Current Market Price)
Limit : Buying Lower than CMP or Selling Higher than CMP
Stop Loss: Buying Higher than CMP or Selling Lower than CMP
Trigger : It is between CMP & StopLoss. It is point where order is triggered & Buying/Selling is done within the StopLoss Price

AMO: After Market Hours. Will get executed in next day's session.

Cheers
PAKatil

trader31339 · #4 9th November 2007, 12:00 PM

Friends , hows ur exp with reliagre ? how is their call and trade facility ? do they take orders nicely over telephone ?
the brokerage they provide , balance 1 must keep with them .

I was told by them that they offer 3 in 1 ac and i will get interest on margin .....pls throw some light on this .

is it possible to withdraw funds online and transfer funds from reliagre to ur bank account online and instantly.

pakatil · #5 9th November 2007, 01:37 PM

Hi trader31339,

Religare's Call & Trade is quite good.

Their Brokerage is very reasonable.

Yes, Interest is paid on the Margin Balances.

Online Funds Transaction is there. Transfer from Bank A/c to Religare's Trading A/c is immidiate. Whereas Withdrawal takes 1 / 2 Days.

Cheers
PAKatil

trader31339 · #6 9th November 2007, 02:34 PM

how much brokerage you are paying and for a brokerage of 0.01% how much volumes they might ask for ?

pakatil · #7 9th November 2007, 10:03 PM

I have subscribed for Freedom Plan - Annual Fee of 4000.00

Brokerages :- 0.3 - Delivery & 0.03 - Intraday & Fno

No Brokerage up to 1.0 Lakh Trades in Intraday & Fno each, up to 10000.00 in Delivery

ie., Pay only STT ( 0.025 - Intraday & 0.125 - Delivery), Other Charges ( 0.0055 - Intraday & 0.0135 - Delivery).

No Volumes demanded.

There are other Plans also for Higher Subscription Fee with still lower Tariff.

Cheers
PAKatil

trader31339 · #8 10th November 2007, 09:51 AM

Quote:

Originally Posted by pakatil

I have subscribed for Freedom Plan - Annual Fee of 4000.00

Brokerages :- 0.3 - Delivery & 0.03 - Intraday & Fno

No Brokerage up to 1.0 Lakh Trades in Intraday & Fno each, up to 10000.00 in Delivery

1 lac turnover or trades ? further each and every day no brokerage upto 1lac turnover or its like that they have charged 4k per annum so no brokerage for 1st 1 lac turnover.

ie., Pay only STT ( 0.025 - Intraday & 0.125 - Delivery), Other Charges ( 0.0055 - Intraday & 0.0135 - Delivery).

No Volumes demanded.

There are other Plans also for Higher Subscription Fee with still lower Tariff.

Cheers
PAKatil

Thankssssssssss

kalyanvgopal · #9 11th November 2007, 02:55 PM

Hi,
I have taken Trump Super for which I had to pay Rs 15,000 /-
They promised to me waive the brokerage of worth Rs 15,000 within 12 months (if I trade worth of 15K brokerage )
Here are the charges:
Intraday: 0.015%
Delivery: 0.15%
F&O: 0.015%

Till now I am not really comfortable with using religare online. Having some troubles in finding my traded shares and placing the orders. And also it seems phone support is not effective. They seem to talking about something which does not make sense most of the times.
I had no choice except to cope up as I have paid lot of money for them.

Regards
Kalyan

kalyanvgopal · #10 11th November 2007, 02:59 PM

By the way, I must say thanks to lvgandhi & pakatil. I was atleast able to start using the religare online.
Regards
Kalyan