Religare policy not as per sebi bye-laws

#1
This is the following which is mentioned on Religare's equity login website
1. All Open positions / stocks / shares will be attempted to sell / close/ liquidate on predefined square off time or when mark to market % reaches or crosses 50, whichever is earlier.

http://www.religareonline.com/

2.Q. What is Maxtrade?
Maxtrade is a product where the client gets exposure of 20 times on intraday.


https://trade.religarecommodities.com/stsb/presentationlayer/FAQ.pdf

....................point which the sales team of Religare hides is that if a customer uses 20 times exposure for a stock and if a particular stock fluctuates just 2.5% of its value from the price it was traded by the customer, the mark to market loss will reach to 50% of the margin amount in the customer funds and the race-pro system will automatically book that 50% mark to market loss to the customer's account,
and the customer will loose 50 % of the value of his/her margin money even if a stock reacts 2.5%,

which is a shocking way to book loss to a customer, knowing that the range of pull back as well as fluctuation of stock prices in the category A and category B stocks is from NO BAND to a maximum of 20%.
this thing should be reported to the SEBI and the exchanges as well, as this certainly goes against the said bye laws of SEBI and NSE,

and in all eventuality Religare securities is forcing the customer to book losses, given the fact that it is first enticing and luring the customer to open an account by offering 20 times margin in max trade and then inserting an arrangement that the system will book 50% mark to market losses,

thereby Religare is cleverly adopting a strategy where the customer is shown the higher profit he/she can make by going for 20 times exposure on the 177 or so scrips on NSE and a similar number on the basket 1 and basket 2 of race-pro platform.

However the unassuming and humble customer is totaly unaware about what exactly it means in terms of price fluctuations, and the risk involved when he/she is being tied unknowingly by Religare in a severely thin range of +2.5% to -2.5%.

where in this strategy of religare seems deceiving and a rip-off, where the company wishes to open maximum number of new race-pro accounts and on the same side is also fearful to give too less weightage to risk exposure by severely limiting the customer to trade on the top scrips in which in reality there are no price bands,

i repeat NO PRICE BAND....................i am amused at religare's policy to book M to M losses of 50% for a fluctuation of just a meager number of 2.5%, whereas in fact for the top 177 scrips on NSE there is no price band at all.

therefore this is also contradicting Religare's claim that they are indeed facilitating intraday trading by providing 20 times margin exposure.
This strategy of religare seems a complete eyewash,

and need to be shown in light to the law makers of our country.

........................:rolleyes:
 
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#5
(you can double your money in a year easily by religare maxtrade)
religare maxtrade strategy :trade 5 stocks instead of 1 stock (so that profit/loss is distributed equally) & use 10 times margin instead of 20 times(so that remaining 10 times is left for averaging) . ()
my 4 questions : ()
is it possible to trade multiple stocks ?
do we have to trade in single stock only?
can margin be used lesser than 20 times ?
is there 1 lack margin limit to trade upto(20 times) 2000000 only?
 

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