Any body know about R Trade?

I heard Anil Dhirbhai Ambani group is foraying into securities brokerage services called R Trade which wil be revolutionary in online trading platform. Anybody know about the website Please post the link or know about it please post details. I heard the brokerages are paid in advance and it is not charged on turnover basis but on no of trades that has been done. The brokerages are prepaid and they will issue a simcard for that which can be inserted into your laptop and trade. I would like others who have information about it give link for details.
Thanking you
gvnarendra

your info regarding R Trade is correct, however there is no clear indication of the launch date OR charges.

hearing from people working in reliance,they r planning to start broking buss by july itself.Brokerage is based on slab system.
Rs 500 for trades upto Rs 1crore. Somewhat like this

Thank you kolossal and mojac
gvnarendra

Here's the latest on R-Trade

Reliance has started marketing of RTrade. They had prepaid brokerages cards of 500 Rs. for monthly, 1500 Ts. for qurterly n 5000/- for yearly validity. and 10 Rs. per trade brokerage whetever may be the order size.(mkt info)

Our View: The broking sector is headed for major competition. The listed entities here are Indiabulls, Geojit, India Infoline among the prominent net brokers.. Its the savvy users of this brokerages which may be targetted first.

Source:Wow-India

Lets see how the competion responds ?

Thanks Vince. I also saw it in Indiabulls PIB. The interesting thing is they are telling it affects them also. Let us see how they will be trader friendly now because of competion.
gvnarendra

Yes gv, Its high time this industry starts wooing the clients who have been taken for granted so far.

hi every one
u r lucky i read this...as i m a part of one of the brokerage firm who has the deal with Reliance on R-Trade..........i m just in the preparations.
ya u r right its being introduced in July

THE DATE IS 27TH jULY

Reliance is introducing it with costs that ARE LOWEST IN HISTORY till date.
NO ONE HAS DARED TO CHARGE THIS small
its very cheap especially for Big investors. They can save a lot of bucks.
what exactly do u wanna know abt R-Trade?
I can give the product information if u give me ur mail id
Feel free to ask any thing

Feel free to ask anythin on R-trade

Thanks hetal1284
I want to know that whether R Trade securities is providing ODIN diet or not