Reviews on Angel Broking and Religare!!

[darkstar]

Hi All,

People who have used Angel broking and Religare services, please give the feedback on the same.

Thanks in advance,

Rags

i said them, that i rmoney client and i paid 1 paisa for mrg and del i force him quite hard. this 1800 is adjust in my brokreg if i made 1800 rs bkg in 365 days also i get bonus point for trade that convert in rs and adjust in my bkg. i had home office traded with 1 desktop & 1 lappy i did'nt close rmoney account becouse of 1 paisa BKG for delivery and one another main reason i used technical analysis i used supertrade i find very good from odin had nothing in respective. i wana know u open account from branch or frenchise that is main case. i am from kota there is 2 religare institution what frenchise offer to me deposite 1 lakh (definetly after open account they submit 1 lakh rs to my account) and there are .025 % bkg for mrg and del 15 % they both said i am the branch i know one of them are layer so i search on there site find branch address i find . definetly branch gave me more than frenchise. so i wana know r u from which city.
thanks again . IN THERE MANUEL THERE IS NO CHARGE FOR SOFTWARE AGENTS WILL MANUPLATE FOR THEIR INTREST .
THE CHEAPEST OF ALL I AM CONTACTED THEM THINKING TO OPEN LETS SEE WHAT HAPPEND . WAITING FOR REPLY

 

[archana gupta]

i want to open a/c in angel broking.can u tell me how far their advice is correct?

 

[archana gupta]

please suggest whether to join angel broking and leave sharekhan. which is better?

 

[bunny]

please suggest whether to join angel broking and leave sharekhan. which is better?

Hi Archana,
Mai I know why you are leaving Sharekhan? I mean, is their high brokerage a problem?

 

[lazytrader]

please suggest whether to join angel broking and leave sharekhan. which is better?

Depends on the branch. Visit the branch talk to the would be RM and choose.

 

[rocksolid]

I fully agree with Ravi Ghosh that we have to choose between lesser evil. In last one decade I have tried ICICI, Indiainfoline (5 paisa) Indiabulls, HDFC, Geojit and Angels. I have closed most of them promptly because of false promises and fraudulent practices of making scrips and money disappearing from the demat / trading account - a typical Indian phenomenon. I am with Indiabulls for about 7 years mainly because they have never chased me for any turnover targets. Everything can be done online bypassing a nemesis called Relationship manager who keep changing more often than not with most broking houses. The RM can tell you anything out of the hat , believe me.
Indiabulls has now introduced digital token so no more passwords remembering. There software- Powerbull is one of the fastest as compared to Typical ODIN. They also have powerbulls for Windows, linux and Apple MAC platform.
The worst for me was HDFC because there was no online webpage with streaming quotes or software like ODIN at all though it was promised. About ICICI I need not tell you anything. The name equals fraud. Indiainfoline made me run pillar to post everytime there was a payout. Geojit is crawling slow but okay for infrequent traders or investors.
I opened Angel account only 15 days back because-of all the praise I read here. Their local branch level service in Pune is courteous but I am facing myriad of problems even after 20 days. I made an experimental day trade to see the broking and other charges. I got a gross profit of around 160 rupees. With all the deductions the contract notes shows I finally get only Rs 40 out of Rs 160.
I sat next to their dealer on the terminal for the first time for day trading in equities thinking he is putting calls in equities and he suggested buying Hindalco. He placed a call on Hindaco futures instead and in 30 seconds flat I lost Rs 4000. I never knew it was in F and O. Next day he did not talk to me for obvious reasons. My fault completely I should say. I will not go to the branch again soon. So beware when you sit with any Dealer terminal. My MF account of Angel is not operational after 20 days and repeated requests. The photocopies of all the documents I signed and which they return to you, are still missing. The email replies are utterly irrelevant. The brokerage is 0.3 delivery and 0.03 intraday. I have received about 15 different password with emails which do not work at all. Most passwords are given to me from local branch as an after thought when complained about.
Now is this personalized service they boast off? May be I am asking too much in first 20 days. I should wait for another few months to settle down. What do you say?
Lo, there is another broker on the horizon calling me. Ventura1. I saw their software and was impressed. Absolutely fantastic for day traders with deep pockets. I would not say do not go to Angel broking as there are many satisfied customers who have written here. Anyone has experience with Ventura or hem securities? People can also try Acit C mehta and Prabhudas Liledher, the veterans in the business.
thanks buddies.

 

[bangerabs]

Hi Rock Solid,

Different brokers have different s/w and different branches have different level of services. Different investors have different story to tell. In my experience, while most have s/w problems, servicewise, I have come across problems that are worst with India Infoline. No broker had ever promised me anything that I can say false, execpting India Infoline. They train their boys or girls to follow a different principle that is to give false promises, trap for joining and extract more and much more. Once to my complaint to NSDL they even replied to NSDL stating: " The client is out of Mumbai" " and the matter has been mutually settled". I am in my hse 24 hrs. I do not know when and where I left Mumbai. So, they have the guts to belie even Governemnt organisation.
I had left most of the brokers just because of their s/w, and have finally settled for India Bulls and SSKI as till now I never had any problems with these 2. I am with SSKI since 2001. Software wise, I give more weightage to PIB as compared to Trade Tiger of SSKI. Servicewise, both are ok.

Regarding Ventura, I agree with you. One would definetely be impressed with speed of 'Pointer'. But have you seen their back office website?. I do not know whether only my PC has this problem though my PC has no problem with any other websites.

About Pointer, I have an interesting story to tell. On 2nd Jan 2010, I sold 20 Sterlite Opticals. I placed order to square off. The order was accepted. I sold another 25. Placed order for square off. This order was also accepted. I sold another 25. Cancelled previous 2 square off orders and replaced or modified it for 70. The order was rejected for want of 'Margin' money. I would like to make it clear that I sell only from my DP holdings and these shares are rotting in my DP for over 2 years. In otherwords, Ventura is the only broker I had come across who deducts margin money even for selling the shares held in DP. So as far as Ventura is concerned every sale is 'Short sale'. I had become member in May 2009 and after facing many problems, I had repeatedly taken up with them but in vain. Excepting 1 or 2 boys who attend to complaints promptly in their respecive jusidiction, rest all rest with the mails. Others are not bothered even to acknowledge!.( Pl. go thr: my article 'my experience with Ventura' in 'grievance coloumn) Therefore, I term their s/w 'Pointer' and service as handicapped. It is no use in continuing with them and rasing my tension. It is better to pay more and go with SSKI who only needs to upgrade their S/W.

 

[rocksolid]

Angel and Demons and Indiabulls and SSKIs

Hello Bangerabs,

Thanks for your review of Ventura Pointer. I also had problems with their websites. If any sell is a short then one is doomed. But Ventura people are in their infancy. Whereas Indiainfoline is an old player with a ulterior motive obviously if they are replying on your behalf. They had deposited my scrips in some other account too.
I agree with you about PIB of Indiabulls.
I have listed about 30 broking houses who I am going to test with my own methods to come out with a document for the Indian people in PDF format. My next target is Hem securities and Anagram broking. Let us see what surprises are in store as I got while dealing with Angel. Since my last mail posted here I have received another idiotic mail from their Customer Advisory Cell or some such thing. The wonderful World of Broking Bloaks!
thanks

 

[lvgandhi]

Hi Rock Solid,

------
About Pointer, I have an interesting story to tell. On 2nd Jan 2010, I sold 20 Sterlite Opticals. I placed order to square off. The order was accepted. I sold another 25. Placed order for square off. This order was also accepted. I sold another 25. Cancelled previous 2 square off orders and replaced or modified it for 70. The order was rejected for want of 'Margin' money. I would like to make it clear that I sell only from my DP holdings and these shares are rotting in my DP for over 2 years. .... upgrade their S/W.

There is no trading on that date.

 

[bangerabs]

Sorry. It was 30th dec. . Incidentally, in Pointer, trading was going on one Saturday, when mkt. was closed. I checked up on phone and their representative replied " I do not know". To him on that day I made 4 calss to him. His reply was only "I shall check up and let u know". Then I tried. Yes. Really transactions were taking place. So I also tried my good luck. Intra-day, I gained arround Rs.2K. But it was only imaginary. There was no change in ledger. May be, they were testing their s/w.