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#1
27th November 2006, 12:35 PM
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Reliancemoney
For the last couple of months have been seeing a lot of details of reliancemoney by way of brokearges. If someone can help answer some queries that I have had after reading their mail:
1. Do reliancemoney allow you to carry forward delivery positions for the day or is it 100% delivery against cash margin. (icici model) 2. Do they give exposure against the shares that you hold in the demat like IB, Kotak, Moti etc. Very useful for a trader like me. 3. All statutory charges reliancemoney charges over and above the brokerages.They have quoted the foll charges: Transaction charge 0.0035% IPF charges 0.00001% Stamp Duty 0.002% sebi charges 0.01% Service Tax 12.2% of brokerages STT 0.025% Total comes to slightly more than 0.0405% approx All my present brokers i.e IB, Moti and Kotak charge me only STT and Service Tax. Do correct me in case I am wrong, but somehow I have a feeling that they have played around with the charges a lot......however they are still 50% cheaper than the otehr sin the market. 4. HAs someone actually used their site till date. Can the site take the load which ahs been the bane of even the biggest names in the broking business. 
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#2
27th November 2006, 06:22 PM
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Re: Reliancemoney
Quote:
Kotak has very competitive rates. Is Reliance better than Kotak? Parv
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#3
28th November 2006, 12:32 PM
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Re: Reliancemoney
Hi,
I am using Kotak since few months.I thought the brokerage is more on Kotak but now when i see the other charges on reliancemoney than i feel kotak is competetive as it charges only STT and service tax. I have one more query regarding kotak..how to do intra day tradin in kotak. Which are the other brokerage houses which offer Intraday trading. Thanks, swapna.
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