Any body know about R Trade?

[gvnarendra]

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,

Hi abhayt,
I do not know whether the Instatrade works with proxy server or not. There is no check box for proxy.
gvnarendra

 

[gvnarendra]

How You got Instatrade?
when i am trying to login in instatrade, its giving message that you have no right. So i called to customer care. They told that instatrade is only for franchisee.

You have to contact your rm and then request for the Instatrade platform.
If your previous turnover is satisfactory then they will give you the facility to login in instatrade. I hope all will be able to get the Instatrade facility.
gvnarendra

 

[gvnarendra]

How much turnover they demanding.

Its very dificult to trade future in easy trade. bcos we can't watch all stock movement in one screen. So how i can maintain turnover without Instatrade. I am trading 7-8 future deaily from sharekhan a/c.

Hi sapna9009
If you are trading that much of trading in future I think they will give instatrade facility. You contact your RM and tell the case. You may have to purchase Rs 2500/ card. Since you are trading futures in good volume you will be going to exhast it within the stipulated time.
gvnarendra

 

[rama_1000]

Hi sapna9009
If you are trading that much of trading in future I think they will give instatrade facility. You contact your RM and tell the case. You may have to purchase Rs 2500/ card. Since you are trading futures in good volume you will be going to exhast it within the stipulated time.
gvnarendra

RelianceMoney are asking a compulsory Power of Attorney for the bank account (though on the application form - they write it as a voluntary power of attorney; but verbally they informed that without the power of attorney for the bank account, they will not open the Internet account for RelianceMoney). I have read their terms in the Power of Attorney. These terms are very widely worded. They can operate your bank account this POA. I fail to understand when they are collecting sufficient margin before allowing trading, and the transactions allowed are controlled online as a multiple of the margin already credited to them - why should such widely-worded POA be made binding? I am completely turned off by such POA. Recently, I saw one friend loose Rs. 60 lakh with a leading online brokerage house due to a similar POA. Many innocent inestors do not understand such POA terms and blindly sign it. But, subsequently they learn how damaging it could be.

Secondly, they are insisting that I should write my name in a particular manner. Problem is my name is spelled in one manner in PAN card and in another manner in bank account (the middle name is not used in bank account). They appear to be too restrictive. I am having trading account with 4-5 brokers, including ICICIDirect and 5paisa; nobody had a problem as I am quoting my genuine PAN. But, RM is not convinced.

Any solutions?

 

[wantamentor]

Friends,
This is high time that experienced seniors whom we trust like Traderji,.Saint,karthik etc.should come and speak out their view if they have any knowledge regarding the reliance money.How come a company can ask customer to sign such POA? Where are the people who continuously praised about Rmoney.I request all to help uncovering up the truth.Only God knows when will they launch their company.Another thing I want to know ..is there any post "Relationship Officer" in Reliance money? Do they exist? I'm not talking about the RMs of franchisee or MAs. Does reliance money keep ROs in their payroll? If not do they keep them in NIS sparta payroll? NIS sparta is a sister concern of Reliance capital.What is the role of a RO? Can anybody throw light?

 

[anibhai]

You have to contact your rm and then request for the Instatrade platform.
If your previous turnover is satisfactory then they will give you the facility to login in instatrade. I hope all will be able to get the Instatrade facility.
gvnarendra

hi gvnarendra

is Reliance Money giving any Margin against the Demat balance in your
account.they have a column in ledger balance that says margin against
shares in demat account and they have a Allocate/Release button
but it does not allocate any margin against shares.
did you have similar exp ?
can you ask your RM about this, I cannot do that since currently I
am out of india

Ani

 

[wcnw]

One of the reliance executives in Mumbai informed that .exe based software is already being used by their franchaisee. Retail investors will be given the option in a month or two -decision about fees for the same is not yet taken

 

[gvnarendra]

haii
this thread is some what dead.now"beware of reliance money"is thriving

someone tell me can i trade commodity in reliance money now.i started an account but dont wana activate now b'cos they dont have live quotes and charts.even the frachise is not having terminal.
i got the r-trade kit but never logged on.hope rs 500 vaildiy will start only if i loggon.
pls help
kurian joseph

It will be calculated from the date of activation of your account
gvnarendra

 

[gvnarendra]

One of the reliance executives in Mumbai informed that .exe based software is already being used by their franchaisee. Retail investors will be given the option in a month or two -decision about fees for the same is not yet taken

Reliance Money is developing an exe based software for the individual investors seperately I was told. The power Trade platform is for the franchaisee only. The rm told the software for the individuals may be available to the customers in another month or so.
gvnarendra

 

[beginner_av]

pls post these grievances in beware of reliance money thread...u can post about other brokers also...so we know the problems in one place..
as for solution...simple...if u r not convinced dont use reliance money...if u feel there are problems, still why do u want to go ahead and put your money? after all what terrific advantage do u get that others do not provide?