Any body know about R Trade?

[trader31339]

GV,
so it means that if trades are places through internet than all you have to pay is only 1 paisa brokerage , no software charges or any other charges like we have to pay Rs 12 for trades placed through phone

 

[gvnarendra]

Hi Gvnarendra
Please share your experience reguarding Reliance Money's INSTATRADE.

I think I will post regarding instatrade next week.
gvnarendra

 

[gvnarendra]

GV,
so it means that if trades are places through internet than all you have to pay is only 1 paisa brokerage , no software charges or any other charges like we have to pay Rs 12 for trades placed through phone

Hi trader31339,
I have not been charged Rs 12/ as of now. The software charges that I have mentioned earlier is the card charge of Rs 500/ .
gvnarendra

 

[trader31339]

GV yaar card charge means the 500 u pay out of which 1paisa is debited for every trade isnut it

 

[gvnarendra]

GV yaar card charge means the 500 u pay out of which 1paisa is debited for every trade isnut it

No. 1 paisa is the brokerage charge. Rs 500 is the card charge. Here you have to understand the concept correctly. As a broker the reiance money have to charge a brokerage. If they charge brokerage then the overall charges for the customer will be more. So they are charging 1 paisa as brokerage to be leagally correct. Instead of charging brokerage they are charging card charge which can not be described as brokerage, by which taxes are avoided and benefits the customers. Hope you understand the concept.
gvnarendra

 

[rajib333]

dear gv there still some ambiguity, as u told one 500 card =25 trade of nifty futures , but how is it possible is only buy /sell leg considered? one complete turn of 1 nifty future=buy+sell=4lac+4lac=8lac.
thank you,
Rajib.

 

[gvnarendra]

dear gv there still some ambiguity, as u told one 500 card =25 trade of nifty futures , but how is it possible is only buy /sell leg considered? one complete turn of 1 nifty future=buy+sell=4lac+4lac=8lac.
thank you,
Rajib.

Hi rajib333,
You are correct. The total cost of trading one nifty future goes upto Rs 120/.
Thank you for bringing me the correct picture.
gvnarendra

 

[CreditViolet]

Re: it seems "R-trade another big fraud fm reliance"

they were claiming in all site,palm lets 500 for 1 cr
ie around 13 lotes
now its seems one lot cost itsself 120...
i dont kno much we will see but never think u can get a good deal with reliance .....they win and u lose in long run

kurian(i applied for r-trade lets see

Are you telling me that you get it cheaper?

Even if you get 0.01, total cost on NF wud come to arnd 170 Rs. So why the Reliance bashing?

CV

 

[pradeep1]

your info regarding R Trade is correct, however there is no clear indication of the launch date OR charges.

for all detail call at 9212011967, 01127157047,01127157138, 9871300991

 

[CreditViolet]

Re: it seems "R-trade another big fraud fm reliance"

hai credit
i was trying to tell tht reliance main claim is 500 for 1 cr turn over.
but in effect they r only telling 1 nifty contract is rs 120.
its not the brokerage, they shoud tell the truth...


kurian

But wasnt that obvious? It was to me.
If you simply divide the turnover by per lot turnover it would clear up.Also 120 is the total cost and by the card value you could perhaps do a lot more according to the effective brokerage ( excluding taxes )

CV