Any body know about R Trade?

[gvnarendra]

can u tell me how they will charge Rs.500 ? I mean how Rs.500 would exhausted ? is it the brokerage? if yes what will be the percentage(%)?
Please explain

Hi sdebu_2000
The Rs 500/ is the charge for trading 1 crore worth of equities or futures or options. You have to exhaust the Rs 500/ within 2 months. You will have to trade 1 crore worth of turn over within 2 months.Otherwise it will get lapsed. YOu have to purchase a new Rs 500 card afterwards. It is not called brokerage. It is the charge for the usage of their software for trading. It is not in percentage. It is on the total turnover.
gvnarendra

 

[gvnarendra]

hi gvnarendra
can you please tell me what is meaning of SPAN margin and additional
margin as quoted on the futures script list on reliance money website?
is SPAN margin specified by nse

The Span margin is charged by NSE. If you have a position in futures and the market turns against you then you have to pay the additional margin if you want to hold the postion. These are charged by NSE.
gvnarendra

 

[harmads]

Hi all

Reliance always comes up with costs which are hidden. Now this 500.00 for 1crore turnover. I presume very few in the retail section would get anywhere near that figure in two months time. So once you've taken that account, you go on paying 500 every two months. Does it really turn out to be cheap. So guys go deep into any company's offer and consider pros & cons. Especially when its Reliance..remember Reliance CDMA !!!

Best regards

 

[ashok1010]

Hello,

I am from hyderabad and I would like to open an account, could you please tell me the branch office address or franchisee address so I can contact them.

Warm Regards,
Ashok

 

[gvnarendra]

Hello,

I am from hyderabad and I would like to open an account, could you please tell me the branch office address or franchisee address so I can contact them.

Warm Regards,
Ashok

Hi ashok1010
There is no address mentioned in Reliance Money web page for Hyderabad. You better contact customer care and ask for the franchisee in Hyderabad. Reliance money customer care no is 022 39886000.
gvnarendra

 

[sdebu_2000]

Hi sdebu_2000
The Rs 500/ is the charge for trading 1 crore worth of equities or futures or options. You have to exhaust the Rs 500/ within 2 months. You will have to trade 1 crore worth of turn over within 2 months.Otherwise it will get lapsed. YOu have to purchase a new Rs 500 card afterwards. It is not called brokerage. It is the charge for the usage of their software for trading. It is not in percentage. It is on the total turnover.
gvnarendra

gvnarendra,
thanx for your help.It is not clear that whether they will charge brokerage for this one crore trade in excess or not? so the % comes about .005% if i do trade vol worth 1crore. if not then it will be higher.But what about the other charges like Service tax, STT, DP charges(out going charges) Regulatory chrges? how much margin money they want to start trading what is the exposure value(ie how many times of margin money can i use to buy a share?)
please give me the details.
regards
Debdulal Bhattacharyya

 

[gvnarendra]

gvnarendra,
thanx for your help.It is not clear that whether they will charge brokerage for this one crore trade in excess or not? so the % comes about .005% if i do trade vol worth 1crore. if not then it will be higher.But what about the other charges like Service tax, STT, DP charges(out going charges) Regulatory chrges? how much margin money they want to start trading what is the exposure value(ie how many times of margin money can i use to buy a share?)
please give me the details.
regards
Debdulal Bhattacharyya

Hi sdebu_2000
After the Rs 500/ card for 1 crore is exhausted the system will automatically take Rs 500 from your account and adds another crore to your trade so that you can trade. You need not worry about buying another one before exhaustion of the card. If you are capable of trading more than 1 crore within 2 months you can buy Rs 1350 or Rs 2500 cards which are worth 3 crore and 6 crore respectively. You have a time of 6 months and 1 year for the exhastion. Hope you understood my point.
Regarding the taxes they charge you see my thread no 235 so that you can view the details.

I am cutting and pasting the words given by reliance about the card here:-

Currently we have three schemes in Pricing. Brokerage is charged as a flat fee and there is no brokerage in terms of % on a traded value. Per trade there will be 1paise brokerage, which will be reflected in contract note.

Customer can avail any of the following schemes;

Rs. 500 - user gets a turnover limit of Rs.1 crore and time span of 2 months, whichever is earlier. User can take maximum delivery of Rs.10 lacs.

Rs. 1350 - user gets a turnover limit of Rs.3 crore and time span of 6 months, whichever is earlier. User can take maximum delivery of Rs.30 lacs.

Rs. 2500 - user gets a turnover limit of Rs.6 crore and time span of 12 months, whichever is earlier. User can take maximum delivery of Rs.60 lacs.
There is fungibility from delivery trades to turnover trade i.e. if a customer has taken delivery of Rs.3 lacs only user can do turnover of Rs.97 lacs.

Maximum rollover of limits that will be permissible is Rs.10 crores for turnover trades and Rs.1 crore for delivery trades.


gvnarendra

 

[bangerabs]

When I enquired with their office thorugh web I was informed that there would be brokerage of Rs.12/- per trade whether trades thr: online or otherwise. So, different persons give different version and it is totally confusing. Even to-day, I am not aware of anything on their system or brokerage. I wish Reliance money would clarify the situation once for all instead of this never ending thread.

 

[gvnarendra]

Hi all
I would like to share my experience of Instatrade here. It was long due from my side.
The InstaTrade window is almost same as the window that you can open in the web page window of Indiabulls. In my experience the datas update as quick as Power India bulls of India bulls. Some times the updation is even quicker than PIB. It has the same feeling of PIB minus the charts. It is very easy like PIB, to put orders. By right clicking the scripts in the menu the buy or sell order fields will be filled execpt the quantity and price fields which you have to do it manually. It sends and executes the orders as quick as PIB. Only thing is the ledger is not available yet. Upon full updation of the software it will be available. Infact it is not available in the other platforms also. My Rm has told that the Power Trade window is made for the franchisee and for individuals they are releasing another exe based software which will have the charting facility.
At end of the day they are giving the details of all the trades and its charges and details of how many entries and modification you have done in pdf formats. They are sending this to your email id they have created. NO other broker is giving such details. This I think is a step towards the tranparency of the trades you have done which has scope of improving.
gvnarendra

 

[abhayt]

Hi Narendra,


Thanks for teh much awaited review..!

Can you please tell if the InstaTrade works with a proxy server....
Or is there any checkbox for proxy(like we have in IndiaBulls)...???

In my office ShareKhan web based java platform works seamlessly but I dont know y it takes around 2-3 minutes India Bulls quotes to get auto-refreshed.
There is no proxy checkbox in sharekhan platform...!

Regards,