Hi all,
My experience is not good, with Reliance Money. So far, due to RM I have suffered a lot of losses. I am telling u how.
I am an active trader. I used to squared off my position after 3.25 only. I was short on nifty, and decided to squared off my position on 11 May 07. Order accepted but could not be executed. Again on 22 May I did faced the same problem. Considering the fact that it is not reliable I wanted to squared off My position (instead of heavy loss) I placed order on 23 May 07 @ 3 pm & again 3.25 pm. Allways orders were accepted by the system. But could not be executed. I rang up to customer care and waited for 10 mins. But it was too busy. I have complained to them .
Can anyone suggest that can I get some sompenssation due to the loss incurred to me, due to brokers system/fault?
dev