Reviews on Angel Broking and Religare!!
- Thread starter ragsid
- Start date
Here is my personal experience on Religare, as I had posted on another thread:
I'm really surprised here that someone actually claims that Religare's service is good. I took their BEST plan. They charged a hefty 1,00,000 upfront payment, but gave extremely low rates which I was happy with. But THEN, the nightmare began:
1) Their trading terminal Race PRO would stop responding/behave whimsically intermittently
2) Their customer service was so poor in terms of response. We've had issues where we needed to call them 5 times only to get no response. They give you numbers of a relationship manager assigned to you, his boss, etc. But try as you might, it will be of no avail.
3) They don't let you trade after 3:00 on their terminal and by 3:05-3:10, their system does an automatic square off of your positions. This was promised to us as 3:15 at time of purchase
4) Poor charting facility.
I was very excited to take up Religare, seeing the marketing pitch they gave and their rates. But just within a couple of months, their true colours showed. I stopped trading on their terminal with a few months to go and a significant amount of brokerage left. I changed brokers and have ever since been extremely happy- maybe in part, due to the low expectations I had, after my cr@ppy and unprofessional experience with Religare. And thankfully, being somewhat organized, I've kept records- mails, screenshots and videos- which prove most of what I've mentioned above, to avoid arguments on my experience.
If you want to take the advice of someone who has traded with Religare on their BEST trading plan(I even have my username and records), it would be to stay WELL CLEAR of them.
I'm really surprised here that someone actually claims that Religare's service is good. I took their BEST plan. They charged a hefty 1,00,000 upfront payment, but gave extremely low rates which I was happy with. But THEN, the nightmare began:
1) Their trading terminal Race PRO would stop responding/behave whimsically intermittently
2) Their customer service was so poor in terms of response. We've had issues where we needed to call them 5 times only to get no response. They give you numbers of a relationship manager assigned to you, his boss, etc. But try as you might, it will be of no avail.
3) They don't let you trade after 3:00 on their terminal and by 3:05-3:10, their system does an automatic square off of your positions. This was promised to us as 3:15 at time of purchase
4) Poor charting facility.
I was very excited to take up Religare, seeing the marketing pitch they gave and their rates. But just within a couple of months, their true colours showed. I stopped trading on their terminal with a few months to go and a significant amount of brokerage left. I changed brokers and have ever since been extremely happy- maybe in part, due to the low expectations I had, after my cr@ppy and unprofessional experience with Religare. And thankfully, being somewhat organized, I've kept records- mails, screenshots and videos- which prove most of what I've mentioned above, to avoid arguments on my experience.
If you want to take the advice of someone who has traded with Religare on their BEST trading plan(I even have my username and records), it would be to stay WELL CLEAR of them.
Get out of religare...im a client of religare. They have worst customer support and worst trading software which wil hang in the middle of trading leading to loss of your own money..its my experience...
Now im searching for good broker with good trading platform...
If you are day trader please for god sake get out of religare..
Now im searching for good broker with good trading platform...
If you are day trader please for god sake get out of religare..
Looking at the financials one can clearly make out Religare is a loss making brokerage. Similar horror stories are heard here. Delayed quotes is certainly an unacceptable problem for a trader along with platform related issues.
Also have a look at these forums,whatever a sizeable number of members use are worth going for. Still in the end you will notice some 4-6 recommended brokers among he mainline brokerages. The drawbacks of many others are well known. So researach well before opening an account.
Also have a look at these forums,whatever a sizeable number of members use are worth going for. Still in the end you will notice some 4-6 recommended brokers among he mainline brokerages. The drawbacks of many others are well known. So researach well before opening an account.
You can check out the poll for best broker. It should give you an indication of which ones people consider the best to be, are.
http://www.traderji.com/brokers-trading-platforms/poll-289-a.html
DO note that this poll does not include Zerodha, which is now considered to be right up there on the top. If you wait for a little bit- say a couple of weeks- you'll get more reviews & slightly longer term ownership reports too(if any) on Zerodha too, right here on traderji.
Happy trading!
http://www.traderji.com/brokers-trading-platforms/poll-289-a.html
DO note that this poll does not include Zerodha, which is now considered to be right up there on the top. If you wait for a little bit- say a couple of weeks- you'll get more reviews & slightly longer term ownership reports too(if any) on Zerodha too, right here on traderji.
Happy trading!
Last edited:
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