New Charges for Reliance Money

[shekarj]

Today Afternoon when i logged in. I see this window: new charges for limit card holders.i.e Rs 15 on every leg of trading.
That brings Reliance Money at par with all other brokers in India minus services.

Also they have introduced new plans. Which seems just suckers.

I think now is the time to bid farewell Reliance money and see some descent broker.
BTW Reliance money has recently doubled its limit card charges.

Anil Bhai wants to make reliance money World class from traders pocket. :clap: :clapping::clapping:

 

[andygp]

If you are a decently heavy trader and opt for their 20Cr turnover for 10K scheme, and in addition don't trade too much in very low premium options then it is hard to beat RMoney still as per my calculations.

 

[greatindianwiseman]

I think now is the time to bid farewell Reliance money and see some descent broker.
BTW Reliance money has recently doubled its limit card charges.

Anil Bhai wants to make reliance money World class from traders pocket. :clap: :clapping::clapping:

Agreed.

They have also upped demat charges from 50 to 200
Not sure if it's annual or what.

Plus some 5 Rs every time you call support and even Rs 40 for changing address/bank info etc.

I started out a year ago and these are the improvements we have seen.
There's not even a proper

Had to call support several times to reverse limit card charges debited without me asking for it.

 

[munde_77]

Today Afternoon when i logged in. I see this window: new charges for limit card holders.i.e Rs 15 on every leg of trading.
That brings Reliance Money at par with all other brokers in India minus services.

Also they have introduced new plans. Which seems just suckers.

I think now is the time to bid farewell Reliance money and see some descent broker.
BTW Reliance money has recently doubled its limit card charges.

Anil Bhai wants to make reliance money World class from traders pocket. :clap: :clapping::clapping:

Better to say goodbye to reliance money.
My brokerage for futures nifty .005% in indiainfoline
Charges .01% only on one side of sell only.
It comes approximately to Rs 10/- per lot

 

[mintu_millionaire]

yes sir, reliance money now is the worst brokerage as per all calculations. 15 rs per executed order is a foolish move. for a day/swing trader its a NO NO FOR SURE. this is a fraud. i've recently bought a 10000 rs coupon and now i dont know what to do with it. please suggest me some cheap broker
LET KICK ADAG'S ASS

 

[mintu_millionaire]

munde_77 sir, can u please tell me how u got such a awesome brokerage scheme, please help me sir.

 

[munde_77]

U can talk with with indiainfoline and negotiate with them. If u want I can send u the contract note copy if needed.
R.K.Global is also good coz they charge Rs 9 per lot for both futures as well as options.
Adag should be kicked. Everyone is redcing the brokerage but Adag is increasiing. Their software and service is also not good. Everyone should say goodbye to reliance money.

 

[bangerabs]

U can talk with with indiainfoline and negotiate with them. If u want I can send u the contract note copy if needed.
R.K.Global is also good coz they charge Rs 9 per lot for both futures as well as options.
Adag should be kicked. Everyone is redcing the brokerage but Adag is increasiing. Their software and service is also not good. Everyone should say goodbye to reliance money.

It really pains to know today's so called ADAG group. They should be named as Blood Suckers. While their broking s/w or system is worst as compared to any other broking house, there is no service from this broking house. They had picked up some marketing personnel in the intial stage that they could not even write the names properly. They had written wrong names in our 2 accounts and when challenged by me, I was replied that the names were (i.e. application forms) filled by me; as if I do not know my name.

There is something more. The reliance energy is charging 90% more than any other power suppliers. The Govt. is blind on this. Initially, I paid 10K as Voluntary Deposit adjustable against the monthly bill. When the balance became less than the energy bill, the balance amt. was not adjusted; rather I was pressurised indirectly to renew the VDS. When I refused, the amt. was finally adjusted. Today, I am paying 3 times more than what I was paying 2 years before to Tata Power Supply on my electricity consumtion.

Do not expect any improvement in Reliance Money. Get out, even if it means paying up more so that one can get better deal.

 

[imperfect_angel]

yes sir, reliance money now is the worst brokerage as per all calculations. 15 rs per executed order is a foolish move. for a day/swing trader its a NO NO FOR SURE. this is a fraud. i've recently bought a 10000 rs coupon and now i dont know what to do with it. please suggest me some cheap broker
LET KICK ADAG'S ASS[/QUOTE

fully agree with you

 

[ashdwi]

Seems the idea is to force everyone shift to % brokerage scheme, I am also stuck with 10k limit card that was renewed last month only.
This is not fair at all, at least either they should let the current limit card end and then add this Rs15 charge or refund the balance of the card.
But I am going to go out of RMoney because of this fraud behavior primarily.