Reliance Money

Discussion in 'Brokers & Trading Platforms' started by rishabh.agl, Mar 11, 2007.

  1. rishabh.agl

    rishabh.agl New Member

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    Hi all,
    This is my first post on the site:) .
    I get a offer from executive of Reliance Money in which he is claiming to charg only 1 paisa brokerage per transaction. I haven't got any proof of this. They are neither publishing this 1 paisa brokerage on his website nor on his registration form.

    I am confused:confused: abt this offer of Reliance Money. Please help me if any one have any type of information abt this.
     
  2. uasish

    uasish Guest

    Hi,
    One of our fellow day trader Arindam who survived 5.5 yrs in Intraday has now joined Reliance Money at Kolkata his cell no:9831653862,any body if interested or for query can contact him.

    Asish
     
  3. bahubali1981

    bahubali1981 New Member

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    I recently opened an account with relinace money.
    Yes,they r charging 1 paisa per trade (both intraday and delivery).
     
  4. bvpraveen

    bvpraveen Active Member

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    Hi,

    Their brokerage system is kind of flat rate with some pre-paid mechanism. Go through the thread - http://www.traderji.com/brokers-demat-matters/6995-any-body-know-about-r-trade.html, where you can get full details about Reliance Money. Our member gvnarendra gives full details about RM in that thread. All the doubts will get cleared once you go through that thread.

    All the best,
    Praveen.
     
  5. prashkr

    prashkr Member

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    Hi All,
    You can trade almost all the major international indices, Currencies, commodities and stocks if u have a reliance money/CMC markets account from india. you need to go through reliance money to open this account and then a single platform from CMC markets provides u all the major international indices, Currencies, commodities and stocks. The accont can be operational on initial investment of $700 which can be transfered from ur bank in india. I have just got the account and its good.

    Regards
    Prashanth
     
  6. prashkr

    prashkr Member

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    Hi Rishabh,
    Reliance money charges 500 RS for 1 Cr transaction, apart from this they charge securities transaction tax and other taxes. which means net that if u calculate the fixed brokerage Rs 500 + taxes in effect is less than 1 paisa for 1 crore transaction.

    regards
    Prashanth
     

  7. rajeshrdm

    rajeshrdm Member

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    Do they have office in pune?
     
  8. basudeo

    basudeo Member

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    BROKERAGE STRUCTURE in RELIANCE MONEY for 1lac INTRA day/futures

    Transaction charge:- 3.50/ 2.10
    Stamp Duty :- 2.00/ 2.00
    STT (on sale) :-25.00/17.00
    Brokerage (As u :- 5.00/ 5.00
    can trade upto
    1 crore by paying
    500.00)

    They announced to charge 1 paisa for every trade so no question of service tax on brokerage. Rs. 12 charge for each transaction is applicable when anyone trades through call centre or subbroker.

    basudeo
     
  9. salemprems

    salemprems New Member

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    Dear All Aspirant Members, Since I Am New To Financial Sector.please Suggest Me To Trade Effectively.:)
     
  10. dr_puneet_ca

    dr_puneet_ca New Member

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    Hi everyone at Traderji.com
    I saw many requests for a review about Reliance Money. I am a distributor for Reliance Money and so, I thought, it would be not just a help but a duty to provide the interested people with the required information. I have explained everything related to Reliance Money here. I look forward for your views, suggestions, comments, queries, etc. Further, honestly, I look for some good business over here. Do open a Reliance Money account if you feel it’s better than what you are using now. I would be grateful to you

    Reliance Money- a single window for all your financial transaction needs

    About Reliance Money
    We all know the effect of the word Reliance on us. A company which has entered almost every arena of business and created wonders. Every project taken up by the company turns into a golden project. The company has something, which we can call as, The Midas Touch. Well, Reliance Money is the electronic transaction platform associated with Reliance Capital; one of India's leading and fastest growing private sector financial services companies, ranked amongst the top 3 private sector financial services and banking companies, in terms of net worth

    What is Reliance Money?
    Reliance Money offers a comprehensive platform, offering an investment avenue for a wide range of asset classes. Its endeavor is to change the way India transacts in financial markets and avails financial services. Reliance Money offers a single window facility, enabling you to access, amongst others Equity, Equity and Commodity Derivatives, Offshore Investments, IPOs, Mutual Funds, Life Insurance and General Insurance products

    Why Reliance Money?
    Reliance Money is the most cost-effective, convenient and secure way to transact in a wide range of financial products and services
    The highlights of Reliance money's offerings are:
    Cost-effective
    The fee charged by the affiliates of Reliance Money, through whom the transactions can be placed, is among the lowest charged in the present scenario. Pay a flat fee of just Rs. 500/- valid for 2 months or specified transactional value
    Note: The facility of trading is subject to expiry of the validity period or value limit, whichever comes first
    Illustrations depicting fee structure and validity limits

    Access fee- Rs. 500
    Validity- Time validity of 2 months or Turnover validity of Rs. 1 cr., whichever is earlier
    Turnover limit- Non-delivery turnover of Rs. 90 lac, Delivery turnover of Rs. 10 lac

    Access fee- Rs. 1350
    Validity- Time validity of 6 months or Turnover validity of Rs. 3 cr., whichever is earlier
    Turnover limit- Non-delivery turnover of Rs. 2.7 cr., Delivery turnover of Rs. 30 lac

    Access fee- Rs. 2500
    Validity- Time validity of 12 months or Turnover validity of Rs. 6 cr., whichever is earlier
    Turnover limit- Non-delivery turnover of Rs. 5.4 cr., Delivery turnover of Rs. 60 lac
    Note: Unutilized delivery limit may be added to Non-delivery limit

    Convenience
    You have the flexibility to access Reliance Money services in multiple ways: through the Internet, Transaction Kiosks, Call & Transact (phone) or seek assistance through our Business Partners

    Security
    Reliance Money provides secure access through an electronic token that flashes a unique security number every 32 seconds (and ensures that the number used for earlier transaction is discarded). This number works as a third level password that keeps your account extra safe

    Single window for multiple products
    Reliance Money, through its affiliates/partners, facilitates transactions in Equity, Equity & Commodity Derivatives, Offshore Investments, Mutual Funds, IPOs, Life Insurance and General Insurance products
    Note: All overseas investments are subject to rules, regulations and guidelines of the Reserve Bank of India as laid down from time to time

    3 in 1 integrated access
    Reliance Money offers integrated access to your banking, trading and demat account. You can transact without the hassle of writing cheques

    Demat account with Reliance Capital
    Hassle free demat account with Reliance Capital. The Annual Maintenance Charge for the Demat Account is just Rs. 50/- per annum

    Other Services
    Through the portal www.reliancemoney.com, Reliance Money provides:
    a. Reliable research, including views of external experts with an enviable track record
    b. Live news from Reuters and Dow Jones
    c. CEOs'/experts' views on the economy and financial markets
    d. The Personal finance section provides tools that help you plan your investments, retirement, tax, etc
    e. Analyze your risk profile through the Risk Analyzer
    f. Get a suitable investment portfolio using the Asset Allocator

    For more details, please do write to me dr_puneet_ca@yahoo.co.in

    And please ensure that, in case you are willing to open an account, please contact me and I will do it. I too will be benefited by your help. In fact, you will help me a lot by opening an account through me
     
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