Reviews on Angel Broking and Religare!!

[alroyraj]

I spoke to the folks at Angel and they seem ok so far, as far as account opening goes. I am opening the account with 2L and they offered 0.015% i/d and futures with 0.15% delivery. Seems pretty competitive to me. If the volumes go higher in next couple months they are offering 0.01% and 0.1%. Sharekhan offered me this straight off for a 1L account. I think I will take up both offers and trade and decide for myself who is superior. Seems these two are the top brokers in popularity and trade execution (hopefully). Will update in a few days once everything is up and running.
Anyone know where brokerage like 0.001% and 0.01% is being offered?
Best I could find was on Religare prepaid plan with i/d 0.015%, futures 0.0015% and delivery 0.15% with 15k prepaid.
Cheers

So did you take up both the offers. So how do they compare....?

 

[alroyraj]

Yes. Anyone would be impressed with Ventura's s/w 'Pointer". But has one one noticed that this 'Pointer' needs credit balance even to sell the shares held in DP?. Why margin is required to sell the shares held in DP?. Why not one square off the sale with the proceeds of the sale?. why separate fund (credit balance) is required to buy shares against the sale on the same day?. Also, what about their back office website?. When one log-in, atleast a dozen efforts needed. When fortunate enough to log-in and opt for a menu to open, you will be "successfully logged off". Has any one come across this sort of mess any where?. Above all, there would not be any reply from Ventura; I mean poorest customer service I have ever come across amongst any brokers.

I am very much surprised as to how others view it as good one. Perhaps, it is okay for those who trade once a while. Defenitely, it is super fastest. Above all, Pointer's net position option too is the best. But other things discourages. But for regular traders, I do not think that it is anywhere nearer to be called good.

I saw the similar type of situation online at another broker called Navia Capital Markets. It seems that we have to be really careful since brokerage is not everything (meaning all of included expenses).

THE WORST SERVICE AWARD MUST BE GIVEN TO NAVIA MARKETS LTD. THEIR BROKERAGE IS TOO HIGH. WITH OUT ANY INTIMATION TO THE CLIENTS OR EVEN TO THE SUB BROKER THEY HAVE INCREASED THEIR MINIMUM CONTRACT CHARGES FROM Rs.20 TO Rs.30. THIS IS A HIDDEN CHARGE. THEY WILL NOT REPLY TO ANY CUSTOMERS WHO SENT ANY COMPLAINTS TO THEM. THEIR STAFFS ARE VERY ARROGANT AND THEY DO NOT UNDERSTAND A SIMPLE CALCULATION. IN ORDER TO PUT VERY HIGH INTEREST TO CLIENT'S ACCOUNT THEY NEVER CREDIT THE CLIENTS ACCOUNT IN TIME. IF YOU MAKE PAYMENT ON 1.04.2010 THEY WILL CREDIT YOUR ACCOUNT 10 DAYS LATER ONLY. SO THEY WILL PUT INTEREST FOR 10 DAYS. THEIR CHARGES ARE VERY HIGH AND RIDICULOUS. IF THERE IS A DEBIT BALANCE OF JUST Rs.50 IN YOUR ACCOUNT THEY WILL SELL YOUR STOCK EVEN THOUGH THERE IS 10 LACS WORTH IN THE DP ACCOUNT. ALL CLIENTS ARE HERE BY REQUESTED TO CHECK THEIR ACCOUNTS DAILY.I CAN GIVE YOU PROOF IF ANY ONE IS NEEDED.

 

[PIL]

Sub: Sub- brokerage with SIC Stocks & Services Pvt. Ltd., Ground Flr, # 2 & 4, Kedia Arcade, # 92, Infantry rd., Bangalore 560001 of Pansys Infotech Ltd., 24, II Flr, K.R. Colony, Domlur Layout, Bangalore 560071.

With regard to the above, we had taken sub-brokerage by duly fulfilling all the statutory and financial requirements in the month of September 2009.

We were promised SEBI registration and sub-brokerage registration within one month after submission of the forms which we complied with in the month of September, 2009. We made a payment of refundable deposit as follows based on their letter dated 17.09.09:
1. Deposit of Rs. 90,000/- towards V Sat connection
2. Deposit of Rs. 2,50,000/- towards BSE trading Exposure
3. Deposit of Rs. 2,50,000/- towards NSE trading exposure
We neither received SEBI registration nor sub-brokerage registration intimation or information about the same until end of Jan. 2010. We decided to terminate the sub-brokerage arrangement with SIC Stocks & Services Pvt. Ltd. For non compliance of their promises and we also faced huge losses due to their lack of support and incompetent guidance.

When we requested SIC to settle our deposit they delayed the matter for over 2 months and finally SIC paid us a sum of Rs.4,07,577.14/- although the above amt of Rs.5,90,000/- was taken as refundable deposit. We have not recd the refundable deposit taken for V sat connection although the V Sat equipment has been shifted from our premises in the month of March, 2010. They deducted the brokerage and bad depts. amt of Rs. 37,422.08 without giving us any detail. After giving SIC business for 4 months our small earning of sub-brokerage charges was deducted from our refundable deposit under the pretext that our sub-brokerage was not registered till the date of settlement of our dues in March, 2010. There was no bad debt as SIC was recovering their bad debt dues promptly from time to time. SIC has deducted sum of Rs. 35, 000/- towards rental for V Sat for 6 months plus dismantling V Sat charges of Rs. 5,000/- In addition SIC has also till date not refunded the Rs. 90,000/- paid by us towards refundable deposit for V Sat connection.

We have been cheated by SIC to the extent of Rs. 1,80,000/- and are refusing to settle this amt due to us. SIC directors, Mr. Siddharth Handa, Col. Handa and their associate Mr. Ashok have misbehaved with us and threatened us of dire consequence if we make any complaints and further they also chased us out of their office by saying that BSE or NSE or other related exchange will not do anything in helping us to get our balance amount.

We were approached by Mr. Siddharth and Col Handa to take up their sub-brokerage with tall promises and apart from paying SIC deposits we have incurred huge losses by way of office equipment and staff and incidental expenses for which there is no compensation. SIC asked us to invest in KIOSKs too.

SIC directors have taken undue advantage of our ignorance with respect to stock market and exploited us thoroughly. Lastly they cheated us of Rs. 1,80,000/- too.

Our humble request to you is help us obtain our amounts at an early date.

Thanking you,

Truly,
For Pansys Infotech Ltd.


Lalitha Sharma
Director

CC to: The Dept. Membership Services
BSE Ltd., P.J. Towers, I Floor
Dalal Street, Mumbai 400001.

 

[VijayDT]

So did you take up both the offers. So how do they compare....?

I would like to get the feedback on the comparison. I have been using Angel Broking from the beginning, I am happy with their service..... just wanted to know if I am missing anything. I would appreciate if someone who has used services of both can throw some light. Thanking you in advance.

 

[Poulomi]

Its very slow at Religare. I was a Religare client & had switched to Angel last year. Cheers!

I would like to get the feedback on the comparison. I have been using Angel Broking from the beginning, I am happy with their service..... just wanted to know if I am missing anything. I would appreciate if someone who has used services of both can throw some light. Thanking you in advance.

 

[iTrade]

It seems reliagere is not the option to try. I have pened accounts with Sharekhan, ventura, Indiabulls,ICICIDirect over a period as my knowledge about brokerage and stuff got revised.
But with reliagere, even opening a account has been a bad experience so far.
I filled the account opening form from their website in November 2009 All I got was this Communication Ref: Rel-2227797. No one called me or approached.
I tried again this month and again I have this Communication Ref: Rel-3561171. 5 days gone, and no one responded....
What the heck...who wants it. Just sharing my experience and I dont want to know about its brokerage and stuff anymore now....

 

[krm]

I am a sub-broker of Arihant capital and i can provide you the lowest brokerage and best service in the current market. my contact no is 9022055174

RKG charges Rs. 9/- per lot. What r the lowest charges of Arihant?

Thanks in advance

 

[gautamsinghsaini]

Re: angel broking

And angle's new Odien Dietclient ver 7.9X is really excellent

hi ravi.r angel diet provide historical chart.if yes can we plot EMA of 50/10/200 on the historical chart.

 

[krm]

Re: angel broking

hi ravi.r angel diet provide historical chart.if yes can we plot EMA of 50/10/200 on the historical chart.

Angel diet provides historical charts also, but these odin charts are not of much use.

Regards

 

[Poulomi]

Re: angel broking

Hi, you can plot EMA on Historic Chart at Angel Diet.*Please see the screenshot, FYR

Angel diet provides historical charts also, but these odin charts are not of much use.

Regards