Inputs required on Religare Securities

inquizzitive · #1 7th October 2006, 10:43 AM

Hi All,

Has anyone used the services of Religare Securities?Their brokerage looks attractive and being a part of Ranbaxy group ensures their credibility.
If anyone is trading through Religare then their inputs will be of great help.

Thanks

inquizzitive · #2 13th October 2006, 04:06 PM

Does anybody has a trading account in Religare?

zse9 · #3 14th October 2006, 03:25 PM

Do they have many online clients? Their rates sound alright. But when I visited their offices they told me that they had been in business for six months and if I sign up I will be their second online client.

6 months - 1 online client from this area - Maybe they are not looking for online clients or they are not promoting it enough.

They were supposed to call me back next day. But it has been about two weeks now.

inquizzitive · #4 3rd November 2006, 05:29 PM

Hi,

I have been hearing about the company from last 3 years.Earlier it's name was Fortis Securities which has now changed to Religare Securities.I am sure they must be having lot of clients.

Thanks

bangerabs · #5 5th November 2006, 08:16 PM

I had enquired with them twice thr: e-mail. No response. Apparently, they are not interested in enrolling clients.

amrit · #6 5th November 2006, 08:23 PM

I am online client of Religare (earlier Fortis Securities) for last 2 years, the service they provide is very good, earlier they charge 0.8% brokerage for delivery and 0.08 in intraday but they have reduced it to 0.6 & 0.06 respectively (and it can be further negotiated too), their online software tool (ODIN) is very good, it doesnt have any restriction unlike ICICI direct or indiabulls. But now they charge (for new client) Rs 1800/- for providing this tool (ODIN) and this amount (1800) is adjusted against brokerage in a year. Otherwise you can use browser based tool that is free to use, but not so fast and easy as ODIN.

inquizzitive · #7 5th November 2006, 09:47 PM

Hi amrit,
I am planning to switch from icicidirect to religare.I am a software engg and can't install ODIN in my office computer.So,I'll be using their browser based services.What do you suggest?Are they really bad in comparison to other brokerages?How is it for intra-day trading?

Thanks

amrit · #8 5th November 2006, 10:10 PM

its good for intraday too, i havent faced any probem yet, but sometimes intraday needs fast executions and browser based service may sometimes go slow on slow connections

inquizzitive · #9 5th November 2006, 11:47 PM

and what do u say on their research and customer care service?

swagat86 · #10 6th November 2006, 12:02 AM

there is a minimum processing fee about Rs 25 or so, is it ryt?

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