Reviews on Angel Broking and Religare!!

[tejyadav]

Hi All,

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

Thanks in advance,

Rags

Hi Hi have used Angel..

They are the worst I have seen yet.. out of Angel, ICICI, Motilal, and Sharekhan.

They promised me dedicated trader who will advice me and trade based on Angel research. In 5 months time I realised that I have lost the money invested. Later on they allocated a new trader who told me that previous one was passing his own trading call in name of Angel.

Avoid them if you want to protect your money
Tej

 

[VijayDT]

Hi Hi have used Angel..

They are the worst I have seen yet.. out of Angel, ICICI, Motilal, and Sharekhan.

They promised me dedicated trader who will advice me and trade based on Angel research. In 5 months time I realised that I have lost the money invested. Later on they allocated a new trader who told me that previous one was passing his own trading call in name of Angel.

Avoid them if you want to protect your money
Tej

They have two types of calls: one based on technical and other based on fundamentals. I am primarily an investor. I have followed their fundamental call, and I am happy with their quality of calls. If you track their fundamental calls you will realise the same.

 

[harisince1988]

religare has worst trading terminal i have ever seen among angel,religare and geojit...

 

[kapur]

Hello,

I have been trading for the last 18 yrs & realised that during a volatile market, sometimes, I was generating more revenue for my broker than I was for myself.

Then I discovered a broker that was offering me rates that were 75% less than what I was paying Sharekhan.

I have tried the services and have been impressed. Now I am a sub-broker with them.

Pls do send me an email at: [email protected] if you want to save on brokerage charges.

Best Wishes,

 

[Expert88]

Hi Hi have used Angel..

They are the worst I have seen yet.. out of Angel, ICICI, Motilal, and Sharekhan.

They promised me dedicated trader who will advice me and trade based on Angel research. In 5 months time I realised that I have lost the money invested. Later on they allocated a new trader who told me that previous one was passing his own trading call in name of Angel.

Avoid them if you want to protect your money
Tej

Yes.....you are correct even i who never did offline trading fell in their trap. The dealer gave me a loss of 53% in just 2 hrs on 10th March. So, for the research service and dealing i also won't give a more than 2/10.......but for the technical and trading aspects they are 10/10....i never waste money in calling them instead i use Live Chat....their feedback service is just terrifying...ur one complaint will shock up the whole chain from HO to Branch..........
Warning :- Never fall prey to their calls, the dealers will daily call you..but never go for their calls.....Never give ur dealer any authority/freedom to trade without ur consent.....And if anything goes wrong from ur dealers end, reply him instantly and deny the losses on the call itself Never behave softly with them, always be strictly professional with them....and with any other broker also the same should be kept in mind......

As far as the Research/ Advice is concerned Religare's Research is outstanding. I advice you to track the 2-3 day calls they provide on their site or you may register on their site to access their Detailed research reports......Just the one thing i found best in Religare.

 

[sham_share singh]

Different people might have different perceptions, expectations and experiences. I am with Angel for quite a long time now and found their services pretty good. I have merely forwarded some queries to their feedback but whenever I forwarded, always got a fast and satisfying reply from their end. Angel Diet works beautifully, and has never disappointed me. Angel diet is undoubtedly the best trading portal available today. Angel’s research calls are also pretty good. For instance, Angel recommended a buy for CEAT at 155 with a target of 200. I entered into the stock at 160 and within a week exited at 191. Though, after that it reached 195, but I managed to extract good profit. According to me, Research calls primarily signify the direction of movement of a stock and a hazy idea about their entry and exit levels. Rest of the things depend upon experience and expertise of a trader. Because of my personal trading experience, I would prefer Angel broking over any other broker

 

[Expert88]

Different people might have different perceptions, expectations and experiences. I am with Angel for quite a long time now and found their services pretty good. I have merely forwarded some queries to their feedback but whenever I forwarded, always got a fast and satisfying reply from their end. Angel Diet works beautifully, and has never disappointed me. Angel diet is undoubtedly the best trading portal available today. Angels research calls are also pretty good. For instance, Angel recommended a buy for CEAT at 155 with a target of 200. I entered into the stock at 160 and within a week exited at 191. Though, after that it reached 195, but I managed to extract good profit. According to me, Research calls primarily signify the direction of movement of a stock and a hazy idea about their entry and exit levels. Rest of the things depend upon experience and expertise of a trader. Because of my personal trading experience, I would prefer Angel broking over any other broker

I agree all things you mentioned above, this makes Angel best for online trading. But the problem is the dealers, the dealers are given turnover targets and they are all ignorant about the money management and technical analysis ( atleast the dealers of my branch are as i said ).
They provide you the limits so as to increase their turnover. They don't charge interest on the outstanding debit. But after 4 days they will start forcing you to square-off the position (or book profit) even they know that your position will turn more profit to you. The idea behind is to get the Brokerage on selling. So, this cost u the same as interest , but here you will have to desparately book your profit whereas u could have carried the position for even a month by paying the interest to any other broker.
The dealers always calls you for trading, in-order to increase his turnover for the day. The call given by him will shortly come out to be a fake one. Then he himself will advice you to get out of the trade.

 

[sham_share singh]

I agree all things you mentioned above, this makes Angel best for online trading. But the problem is the dealers, the dealers are given turnover targets and they are all ignorant about the money management and technical analysis ( atleast the dealers of my branch are as i said ).
They provide you the limits so as to increase their turnover. They don't charge interest on the outstanding debit. But after 4 days they will start forcing you to square-off the position (or book profit) even they know that your position will turn more profit to you. The idea behind is to get the Brokerage on selling. So, this cost u the same as interest , but here you will have to desparately book your profit whereas u could have carried the position for even a month by paying the interest to any other broker.
The dealers always calls you for trading, in-order to increase his turnover for the day. The call given by him will shortly come out to be a fake one. Then he himself will advice you to get out of the trade.

Hi I agree that the dealers do call their clients to make them trade, in case you do not wish to enter into their calls or recommendations, you may simply tell them that you do not want to trade. Even I receive calls from dealers from angel and also from the other brokers where I have standby accounts. I always check the calls given by them and analyze them personally. Thereafter if I find it worth investing, then I may get into it otherwise I just let it go. Again for example, I got a call from my Angel dealer few days back and he recommended entering into Yes bank @ 256. I asked him to call me back after half an hour. In the mean while I did my own research work, and had a 50 50 opinions about this call but still, for experimenting I bought 50 shares. Today when I saw yes bank it was somewhere around 332. And as for your issues regarding square off after 4th day, I feel you should check it with other brokers, because I am sure that this T+5th day square off occurs everywhere and not just in angel. In fact there are many brokers where you dont even get this limit till 5th day and the positions get squared off on T+2 day itself. But, yes I can suggest you one solution, as you said you are ready to pay interest in order to sustain your positions for a month or so, you can take their margin funding product where you can sustain your positions as long as you want. You just have to pay interest till the time you hold your position

 

[VijayDT]

I agree all things you mentioned above, this makes Angel best for online trading. But the problem is the dealers, the dealers are given turnover targets and they are all ignorant about the money management and technical analysis ( atleast the dealers of my branch are as i said ).
They provide you the limits so as to increase their turnover. They don't charge interest on the outstanding debit. But after 4 days they will start forcing you to square-off the position (or book profit) even they know that your position will turn more profit to you. The idea behind is to get the Brokerage on selling. So, this cost u the same as interest , but here you will have to desparately book your profit whereas u could have carried the position for even a month by paying the interest to any other broker.
The dealers always calls you for trading, in-order to increase his turnover for the day. The call given by him will shortly come out to be a fake one. Then he himself will advice you to get out of the trade.

Dear Expert88,
Nobody forces anyone to trade. It is we who get tempted to trade. If we make money, we trade more, and one final day when we lose, we blame it to dealer or a broker. Why cannot we take our decisions and stand by it??

I have been dealing in this markets for sometime. I always own the responsibility of trading on any call. I make myself accountable for every decision I take, thats the only way you will start earning. We should do our homework before we take any positions. It will help you to take informed and calculated risk in the markets. And as for debit, I am sure every broker allows the debit to be carry forward with levy of interest--you should inquire with your dealer. I am doing so, I am sure they will allow you too.
Regards,
VDT

 

[shyamringet]

Hi Hi have used Angel..

They are the worst I have seen yet.. out of Angel, ICICI, Motilal, and Sharekhan.

They promised me dedicated trader who will advice me and trade based on Angel research. In 5 months time I realised that I have lost the money invested. Later on they allocated a new trader who told me that previous one was passing his own trading call in name of Angel.

Avoid them if you want to protect your money
Tej

You got it right, Buddy! Forget all topmost brokerage houses if u wish to pay less brokerage as they will always charge u the most. Choose upcoming broking houses, they will offer you with least brokerages uptill 1 paise intraday & 10 paise for delivery. I got it through one of my Sub-Broker. rgds,