Any body know about R Trade?

[s_maz]

Hi
can any one be more specific, I want to know how much reliance charge
for intraday trade.
+ stt would it be based on this brokerage or ?
with which bank do they link their account.

Brokerage of Rs 2500/ -for 6 crores does that means I have to pay Rs 8333/- for 20 cr day trade in a month.
please reply, there website doesnt give any detailed info on charges.

what is R trade website ?

 

[s_maz]

what is R trade web site ?

 

[CreditViolet]

what is R trade web site ?

http://www.reliancemoney.com/


CV

 

[gvnarendra]

Hi All,
Today I had been to reliance money office to open an account. They do not charge any brokerage. They charge for the usage of their software for a specified time frame. That is if you take Rs500/= card you can use it to buy Rs 1 crore worth of stocks for a period of 2 months. That means for 1 lot of futures or options their charges are roughly Rs 2 for one way which is definitely way behind the lowest brokerages that are being charged now a days. As they are not charging any brokerage the tax on the part of brokerage will also not be there. But the hitch is you have to pay Rs 12/= for every punch you make to buy or sell or modify the orders . That is if you modify your orders many times in trading sessions every modification will attract Rs 12/=. Which is a negative point for a trader. For the time being you have to trade in web based plat form which is very intuitive and very user friendly. All trades "Equites, F&O, Mutual Fund, Commodities, IPO, Forex, Insurance" are all in one window which is very convenient. For IPO applications you need not type your name also. You have to mention only the quantity that you want to apply for. Find it very user friendly. The software of the trading window is provided by CMS (England based?) company. They are going to release another platform (like PIB of Indiabulls) called Insta Trade in 1 or 2 months I was told. The RMs are very friendly for the time being.
gvnarendra

 

[unicorn]

Hi All,
Today I had been to reliance money office to open an account. They do not charge any brokerage. They charge for the usage of their software for a specified time frame. That is if you take Rs500/= card you can use it to buy Rs 1 crore worth of stocks for a period of 2 months. That means for 1 lot of futures or options their charges are roughly Rs 2 for one way which is definitely way behind the lowest brokerages that are being charged now a days. As they are not charging any brokerage the tax on the part of brokerage will also not be there. But the hitch is you have to pay Rs 12/= for every punch you make to buy or sell or modify the orders . That is if you modify your orders many times in trading sessions every modification will attract Rs 12/=. Which is a negative point for a trader. For the time being you have to trade in web based plat form which is very intuitive and very user friendly. All trades "Equites, F&O, Mutual Fund, Commodities, IPO, Forex, Insurance" are all in one window which is very convenient. For IPO applications you need not type your name also. You have to mention only the quantity that you want to apply for. Find it very user friendly. The software of the trading window is provided by CMS (England based?) company. They are going to release another platform (like PIB of Indiabulls) called Insta Trade in 1 or 2 months I was told. The RMs are very friendly for the time being.
gvnarendra

I have heard from Reliance Money Sales Executive that Rs 12 Charge will be levied if one trades through Franchisee and Call Center.It will not be levied if one trades through Trade Now ,Insta Trade ( Both Web Based) and Power Trade ( Exe Based Trading Platform for retail Traders).

 

[gvnarendra]

I had been to the nearest franchise of Reliance Money. They showed me the contract note of 1 lot of options traded. For one lot of options traded (buying and selling) they have charged Rs 74/= (inclusive of all taxes). A lot cheaper than the lowest brokerage that is being charged at present.
gvnarendra

 

[anibhai]

I had been to the nearest franchise of Reliance Money. They showed me the contract note of 1 lot of options traded. For one lot of options traded (buying and selling) they have charged Rs 74/= (inclusive of all taxes). A lot cheaper than the lowest brokerage that is being charged at present.
gvnarendra

did you ask them when the service will be launched for public?

 

[gvnarendra]

did you ask them when the service will be launched for public?

It is already launched and people are trading. I have applied with them today. I do not know about Official launching .
gvnarendra

 

[unicorn]

It is already launched and people are trading. I have applied with them today. I do not know about Official launching .
gvnarendra

Hi Gvnarandra which one you have applied.Is It Trade Now ,Insta Trade or Power Trade?

 

[rajib333]

I had been to the nearest franchise of Reliance Money. They showed me the contract note of 1 lot of options traded. For one lot of options traded (buying and selling) they have charged Rs 74/= (inclusive of all taxes). A lot cheaper than the lowest brokerage that is being charged at present.
gvnarendra

in that 74Rs , at least 54 rupees should be STT. DISGUSTING, i am fed up with this.
united pathetic alliance.