Beware of RelianceMoney !

[San Yad]

Another bad news for reliance money customers.

RM is going to discontinue PR-500 Limit card from 8th October.

Any idea which broker does not have such charges and cheapest for investor does trading once in a month or less.

Happy Investing

 

[madhuri_mukerji]

Reliance money is the worst broker in India.

 

[San Yad]

I think that everyone knows

 

[San Yad]

Reliance money is the worst broker in India.

I think that everyone knows

Is there any cheap brokerage for people who do invest only once a month or less " for investing purpose only no trading"

 

[alroyraj]

I think that everyone knows

Is there any cheap brokerage for people who do invest only once a month or less " for investing purpose only no trading"

If you mean about flat brokerage schemes by alternative brokers, zerodha is a new Bangalore based broker offering Rs 20 flat brokerage on NSE Now platform.It is a good option but for me to transfer shares will take time,so you can consider it . Luckily no fixed charges per month like RK Global. A similar plan is offered by Kotak too,but I heard their platform has delayed quotes .

 

[NiftyFantasy]

Another bad news for reliance money customers.

RM is going to discontinue PR-500 Limit card from 8th October.

Any idea which broker does not have such charges and cheapest for investor does trading once in a month or less.

Happy Investing

R u still doing with Prepaid in Rmoney..... very surprizing...
they are now offering % brokerage as low as 2 paisa without any recharge...
go and talk with guys and also offering very good new platform....

 

[San Yad]

R u still doing with Prepaid in Rmoney..... very surprizing...
they are now offering % brokerage as low as 2 paisa without any recharge...
go and talk with guys and also offering very good new platform....

Not me !!but people who trade rarely I think %age brokerage is more expensive. I have some friends, even they can not finish 2 lakh for PR-500 in a year

For such people I think %age brokers might not work?

Correct me if I am wrong

 

[alroyraj]

Not me !!but people who trade rarely I think %age brokerage is more expensive. I have some friends, even they can not finish 2 lakh for PR-500 in a year

For such people I think %age brokers might not work?

Correct me if I am wrong

Prepaid requires you to have a turnover within a few months. A percentage brokerage is charged per transaction so it is better ,no obligations. So lower the percentage brokerage means you can trade as and when you find it attractive and profitable and not just to complete turnover limits of the prepaid brokerage.