Any body know about R Trade?
- Thread starter gvnarendra
- Start date
Hi neo
At present they are not providing any exposure against the shares. My RM told shortly they are introducing it.
As regards the margin they ask for futures of stock/nifty: They charge the margins as specified by NSE. You can see the margin they charge for all stock and Nifty once you login to your trade window. For example they charge Rs 41517.2 for Nifty futures that is 10.1%of Nifty value as of today. The margins keeps on changing as and when the value of the underlying changes. I hope you know about it.
gvnarendra
At present they are not providing any exposure against the shares. My RM told shortly they are introducing it.
As regards the margin they ask for futures of stock/nifty: They charge the margins as specified by NSE. You can see the margin they charge for all stock and Nifty once you login to your trade window. For example they charge Rs 41517.2 for Nifty futures that is 10.1%of Nifty value as of today. The margins keeps on changing as and when the value of the underlying changes. I hope you know about it.
gvnarendra
Hi Gvnarandra
In Kolkata the Reliance Money sales personnel are telling that they will provide Instatrade if my monthly volume is Rs 50 Lakhs.But you see Reliance Money is already Charging Rs 500 for a 2-Month turnover of 1 crore ,which on monthly basis comes to Rs 250 for Rs 50 Lakh,Therefore they are automatically getting a Rs 50 Lakh monthly turnover (because their charge is in the form of Prepaid System) whether i trade or do not trade ,so why they are pushing for monthly Rs 50 Lakh turnover??
Please share your views.
In Kolkata the Reliance Money sales personnel are telling that they will provide Instatrade if my monthly volume is Rs 50 Lakhs.But you see Reliance Money is already Charging Rs 500 for a 2-Month turnover of 1 crore ,which on monthly basis comes to Rs 250 for Rs 50 Lakh,Therefore they are automatically getting a Rs 50 Lakh monthly turnover (because their charge is in the form of Prepaid System) whether i trade or do not trade ,so why they are pushing for monthly Rs 50 Lakh turnover??
Please share your views.
Hi unicorn,
It is true that if they want you to show Rs 50 lakh turn over in a month in your account it is sufficient if you buy a Rs 500/ virtual card to get the InstaTrade platform. You can argue with your RM if this is the case. I think after they release the exe based software for the individuals, they will give the Instatrade platform for all customers and for high trading individuals they will give the exe based software.
gvnarendra
It is true that if they want you to show Rs 50 lakh turn over in a month in your account it is sufficient if you buy a Rs 500/ virtual card to get the InstaTrade platform. You can argue with your RM if this is the case. I think after they release the exe based software for the individuals, they will give the Instatrade platform for all customers and for high trading individuals they will give the exe based software.
gvnarendra
Thanks a lot gvnarendra,
All this information has helped us a lot, Now I am also applying for Reliance Money account.
My current broker kotakstreet charges me 25% margin for Nifty, which is 2.5 times of what you have said. I think rest of the 15% they are just depositing in their kotak bank and earning interest on this. Can't wait to see them going out of business..
All this information has helped us a lot, Now I am also applying for Reliance Money account.
My current broker kotakstreet charges me 25% margin for Nifty, which is 2.5 times of what you have said. I think rest of the 15% they are just depositing in their kotak bank and earning interest on this. Can't wait to see them going out of business..
Look like reliancemoney.com is changing their policy on weekly basis, this week, here is reliancemoney.com fees for this time,
by the way this Virtual card (Rs-500/ 2 month) and Re.0.01 per executed trade wasn't there before, any idea in case i don't need that ????
-----------------
Following is the pricing structure required by you:
Pricing structure
A/c Opening Charges-Rs-750/-
Trading Card – Equity, F& O & Commodities: Virtual card of Rs-500/-
Validity of the card - 2 months
Volume: 1cr Turnover (within which Rs.90lakhs for intraday & Rs.10lakhs for delivery)
Brokerage --- Re.0.01 per executed trade
Taxes as applicable in states (like Service Tax, Turnover Charges, Stamp Duty, Educational Cess & Securities Transaction Tax, and SEBI Charges.)
Assisted trade through Sub-broker / call and trade desk - Rs.12/- per executed trade.
Please feel free to revert in case of any further clarification.
Best regards,
Customer Support.
--------------------
by the way this Virtual card (Rs-500/ 2 month) and Re.0.01 per executed trade wasn't there before, any idea in case i don't need that ????
-----------------
Following is the pricing structure required by you:
Pricing structure
A/c Opening Charges-Rs-750/-
Trading Card – Equity, F& O & Commodities: Virtual card of Rs-500/-
Validity of the card - 2 months
Volume: 1cr Turnover (within which Rs.90lakhs for intraday & Rs.10lakhs for delivery)
Brokerage --- Re.0.01 per executed trade
Taxes as applicable in states (like Service Tax, Turnover Charges, Stamp Duty, Educational Cess & Securities Transaction Tax, and SEBI Charges.)
Assisted trade through Sub-broker / call and trade desk - Rs.12/- per executed trade.
Please feel free to revert in case of any further clarification.
Best regards,
Customer Support.
--------------------
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