Any body know about R Trade?

[gvnarendra]

Let me explain with ur example.

Can you show that as an eg?

For eg . in nifty futures by fridays close, brkg slab of 0.01 wud cost 40 rs as brokerage and Service Tax on it would come to around 10 Rs? How is that zero?

Including other taxes, cost would come to around 175-180 Rs

So could you clarify your statement

Rgds
CV

if u trade 1 lot of nifty futures,brokerage charged will be "Rs. 0.01" and not Rs.40 , so tax calculated on Rs.0.01 will come to around 0.00xx which will be rounded of to 0.These guys earn through the card we buy.

gvnarendra.

 

[CreditViolet]

Let me explain with ur example.


if u trade 1 lot of nifty futures,brokerage charged will be "Rs. 0.01" and not Rs.40 , so tax calculated on Rs.0.01 will come to around 0.00xx which will be rounded of to 0.These guys earn through the card we buy.

gvnarendra.

Gotcha

I was talking about 1paisa like the normal broker lingo of 1 p,2p etc

Thankx for clarifying

CV

 

[trader31339]

From various messages posted in this thread I have learnt that the effective brokerage of Reliance money is 0.05% for delivery based trading and 0.005% for FNO intraday trading.
Under the card of 500 , maximum you can trade intraday or FNO is 90 lakhs.
so 500/90 lakhs% =0.005%
Similarly max delivery you can take is of 10 lakhs so , 500/10lakh =0/05%

benefit here is that we save on service tax , but then are the cards sold without charging service tax?

 

[gvnarendra]

From various messages posted in this thread I have learnt that the effective brokerage of Reliance money is 0.05% for delivery based trading and 0.005% for FNO intraday trading.
Under the card of 500 , maximum you can trade intraday or FNO is 90 lakhs.
so 500/90 lakhs% =0.005%
Similarly max delivery you can take is of 10 lakhs so , 500/10lakh =0/05%

benefit here is that we save on service tax , but then are the cards sold without charging service tax?

Till today I have not been charged any service tax for the card. Let us see when it is launched.
gvnarendra

 

[bahubali1981]

Are they going to Launch it on Dec 28?Dec 28 is Dheeru Bhai Ambani's Brithday.

 

[unicorn]

Are they going to Launch it on Dec 28?Dec 28 is Dheeru Bhai Ambani's Brithday.

Hi bahubali1981
A Reliance Money sales person told me that they are going to launch on Dec 28.

 

[rangarajan]

Could someone give me the phone no at Chennai for opening R Trade a/c.The same is not available in their site.
ranga

 

[unicorn]

Could someone give me the phone no at Chennai for opening R Trade a/c.The same is not available in their site.
ranga

Hi rangarajan,you can ring their call centre.They are very efficient.Whenever i rang them i got response .

 

[pradeep1]

Could someone give me the phone no at Chennai for opening R Trade a/c.The same is not available in their site.
ranga

39886000 they will tell you

 

[tnr123]

Hello everybody!

In my experience and opinion, Reliancemoney is emerging as the lowest reliable brokerage house in our country within short period of their official launch and this should lead to a situtation where no other brokerages will survive if they do not compete with reliancemoney. I have observed that all most all the brokerage houses depend on daytraders; daytraders opt for lowest brokerage available for quick resuffling of their positions. It is my logic. Please correct if I am wrong.