Reliance Money Reviews

[DDK_CHENNAI]

Story was diff earlier,now times are changing...yes, their cust service is definitely poor...but supertrade with unlimited zero brokerage is good esp for day traders...as u said, rmoney is good for once ina while trader-sorry,it's bad for them...it's good only for those who dont need cust support and who do volumes...supertrade is a very good software...am personnally using it...

i opened an account with reliance money when they started operations in delhi. Believe me it's the worst service i have encountered. Charges, trading platform, customer service, everything. I'm a day trader, and you can understand the importance of timely order execution for day trading. The orders get stuck in their system and you never know if they would be confirmed and executed or not. Once it's stuck, you have no control over it, your limit is blocked, you can't trade. Sometimes the orders don't get confirmed till the end of the day. For day trading each second counts. If you call their customer service, they would ask you to call the branch. None of their branch office picks up the phone. A lot of phone numbers given on the site are not working. So there's no one to help you out. Suppose you bought something for intraday and it reached your price target, you put a sell order and it's stuck in the system, now you can't do anything. By the time you would call someone, the market would turn around and your profits would turn into huge losses. There's no rm. Nothing.....it's worst service for a trader. It could be good for someone who places an order once in a month or year, may be......

And supertrade is no better. It has same problems with orders.

 

[akhi kashyap]

but super trade is supposed to be a better platform than fast trade and easy trade plus they use its an EXE based platform which should provide good software support.doesnt that work?

 

[srprao]

Hi All,

I am working for franchisee of Reliance Money. Please let me know if any one is interested to open account for Equity/Commodity with Reliance Money.

My email_id is [email protected]

Thanks and Regards,
Ranga Prasad

 

[dsp777]

i get very bad experiance r money 12000rs debit my account,and my friend 48000rs (12rs)chare from won computor trade.all enquiries are waste.any ony person not take incharge

 

[reks]

I always have a bad experience with relaince money .. Now new problem is I can not see my existing share in my demat a/c when i click demat balance.

and the following error I see

Microsoft VBScript runtime error '800a000d'
Type mismatch: 'Server.UrlEncode'
/STSB/PresentationLayer/DPMarginHold.asp, line 367


Anyone facing the same problem?

Please share

Thanks

 

[greenhot69]

Hi, I too have same problem when I open my portfolio I get message as "We are in process of upgrading portfolio tracker, we will shortly come back with revised portfolio tracker, kindly bear with us.....Thanks
I have not still contacted RM for this.
Anybody else having same problem,Any other info what to do?
Thanks

 

[subi2000]

Hi,
How to find the actual account value of the Reliance money account? If you check the ledger balance page it is very difficult to check the real account value. Even ledger balance changes with M2M.

 

[simple_trader]

It is becoming bad. They are increasing charges almost everyday. Also supertrade hangs towards the end. It is gradually losing edge over others.