Religare online trading help

Discussion in 'Brokers & Trading Platforms' started by kalyanvgopal, Nov 3, 2007.

  1. kalyanvgopal

    kalyanvgopal New Member

    Joined:
    Jun 21, 2007
    Messages:
    11
    Likes Received:
    1
    Trophy Points:
    3
    Hi,
    I got my online trading account with Religare. Religare team promised me an online demo but they did not turn up. I am planning to try out things myself.
    Can some body explain what are these options mean.

    Trading Account: Intra day/obligation/delivery
    Trade Type: MAR
    Order Type: Limit/Market/Stop Loss
    Price:
    Trigger Price:
    Disclosed Qty:
    AMO: (a Checkbox)

    Thanks in advance

    Regards
    Kalyan
     
  2. lvgandhi

    lvgandhi Well-Known Member

    Joined:
    Dec 27, 2005
    Messages:
    2,299
    Likes Received:
    1,677
    Trophy Points:
    113
    Location:
    Trichy, TN, India
    I hope I could clarify.
     
  3. pakatil

    pakatil Well-Known Member

    Joined:
    Oct 13, 2006
    Messages:
    1,627
    Likes Received:
    2,067
    Trophy Points:
    113
    Location:
    Bangalore
    Trading Account: Intra day/obligation/delivery

    IntraDay is for that Day Only. If you don't square up before 3.10 PM, Open Buy/Sell Position will be AutoSquared at Market Price

    Delivery is for actual Buying & Selling Shares. Shares will be credited / debited to your Demat A/c. Normally it takes 2 days to receive Delivery of Shares. Hence You can't sell during those 2 days.

    Certain Shares are allowed for Selling before the actual Delivery. This is Obligation


    Trade Type:

    MAR : Margin (Intraday Trading)
    DEL : Delivery (Delivery Trading)

    Order Type:
    Market : Buying or Selling at CMP (Current Market Price)
    Limit : Buying Lower than CMP or Selling Higher than CMP
    Stop Loss: Buying Higher than CMP or Selling Lower than CMP
    Trigger : It is between CMP & StopLoss. It is point where order is triggered & Buying/Selling is done within the StopLoss Price

    AMO: After Market Hours. Will get executed in next day's session.

    Cheers
    PAKatil
     
  4. trader31339

    trader31339 Active Member

    Joined:
    Dec 18, 2005
    Messages:
    335
    Likes Received:
    32
    Trophy Points:
    28
    Friends , hows ur exp with reliagre ? how is their call and trade facility ? do they take orders nicely over telephone ?
    the brokerage they provide , balance 1 must keep with them .

    I was told by them that they offer 3 in 1 ac and i will get interest on margin .....pls throw some light on this .

    is it possible to withdraw funds online and transfer funds from reliagre to ur bank account online and instantly.
     
    1 person likes this.
  5. pakatil

    pakatil Well-Known Member

    Joined:
    Oct 13, 2006
    Messages:
    1,627
    Likes Received:
    2,067
    Trophy Points:
    113
    Location:
    Bangalore
    Hi trader31339,

    Religare's Call & Trade is quite good.

    Their Brokerage is very reasonable.

    Yes, Interest is paid on the Margin Balances.

    Online Funds Transaction is there. Transfer from Bank A/c to Religare's Trading A/c is immidiate. Whereas Withdrawal takes 1 / 2 Days.

    Cheers
    PAKatil
     
  6. trader31339

    trader31339 Active Member

    Joined:
    Dec 18, 2005
    Messages:
    335
    Likes Received:
    32
    Trophy Points:
    28
    how much brokerage you are paying and for a brokerage of 0.01% how much volumes they might ask for ?
     

  7. pakatil

    pakatil Well-Known Member

    Joined:
    Oct 13, 2006
    Messages:
    1,627
    Likes Received:
    2,067
    Trophy Points:
    113
    Location:
    Bangalore
    I have subscribed for Freedom Plan - Annual Fee of 4000.00

    Brokerages :- 0.3 - Delivery & 0.03 - Intraday & Fno

    No Brokerage up to 1.0 Lakh Trades in Intraday & Fno each, up to 10000.00 in Delivery

    ie., Pay only STT ( 0.025 - Intraday & 0.125 - Delivery), Other Charges ( 0.0055 - Intraday & 0.0135 - Delivery).

    No Volumes demanded.

    There are other Plans also for Higher Subscription Fee with still lower Tariff.

    Cheers
    PAKatil
     
    mhatrebharat likes this.
  8. trader31339

    trader31339 Active Member

    Joined:
    Dec 18, 2005
    Messages:
    335
    Likes Received:
    32
    Trophy Points:
    28
    Thankssssssssss
     
  9. kalyanvgopal

    kalyanvgopal New Member

    Joined:
    Jun 21, 2007
    Messages:
    11
    Likes Received:
    1
    Trophy Points:
    3
    Hi,
    I have taken Trump Super for which I had to pay Rs 15,000 /-
    They promised to me waive the brokerage of worth Rs 15,000 within 12 months (if I trade worth of 15K brokerage )
    Here are the charges:
    Intraday: 0.015%
    Delivery: 0.15%
    F&O: 0.015%

    Till now I am not really comfortable with using religare online. Having some troubles in finding my traded shares and placing the orders. And also it seems phone support is not effective. They seem to talking about something which does not make sense most of the times.
    I had no choice except to cope up as I have paid lot of money for them.

    Regards
    Kalyan
     
    1 person likes this.
  10. kalyanvgopal

    kalyanvgopal New Member

    Joined:
    Jun 21, 2007
    Messages:
    11
    Likes Received:
    1
    Trophy Points:
    3
    By the way, I must say thanks to lvgandhi & pakatil. I was atleast able to start using the religare online.
    Regards
    Kalyan
     

Share This Page