ADVERTISEMENTS Reliance securities has been successful with unlimited trading facility at cheaper and flat rates. But in a typical Reliance fashion, reliance securities too chose to offer limit cards and brokerage charges per transaction.
Like any other online stock trading broker, reliance securities also follows sliding scale brokerage tariff, which allows traders who trade in stock market in large scale attract less brokerage percentages and more brokerage percentages for low – volume traders.
Reliance securities (http://www.reliancemoney.com/) has recently come up with insta plus (a browser based software) for retail investors and insta Xpress (a desktop based software) for dealers and Corporates. The brokerage charges under insta plus is still competitive.
Reliance securities is a group company of Reliance Capital under Anil Dhirubhai Ambani group.
Features of Reliance Securities:
1. Stocks as collateral facility: This is basically pledging your existing stocks to trade stocks intraday /sell positions of Futures and options.
2. Call and Trade facility is there, but it attracts Rs 15 per executed order.
3. Intraday trading facility is there . The margin money would be 10 times available money for stocks trading. 10 times for stock futures trading and 18 times for index futures trading. Margin money facility is not there for options trading.
4. For an average retail investor they charge 0.45% in cash segment, 0.05% for intraday trades and futures and Rs 50 per option lot.
5. For trading in commodities they have a separate website http://www.reliancecommodities.co.in/ . You will have to request separately to get access to it.
6. Facility trade/invest in
Stocks
IPOs
Futures
Options
Commodities
Mutual funds
General Insurance
Life Insurance
Pure Swiss Gold Coins
Forex
Disadvantages of Reliance Securities:
1. Since it’s not into banking business, trinity accounts are not possible. You will have to link another bank account like (ICICI, HDFC etc). This is not a big deal though.
2. Customer support is not at par with the market trends.
3. The software is not the best in the industry.
Advantages of Reliance Securities:
1. Competitive brokerage charges.
2. Security token facility is there.
3. The outlets are there in a plenty of cities across the country.
I would like the readers who use reliance money to comment on this page about their trading experience.
Sathish Emmadi is a co-founder & editor at Lastbull.com. He is presently working in IT for one of the world’s top mutual fund companies. Handled multiple projects in BFSI (Banking,Financial Services and Insurance) domain. An Engineering Graduate from NITW.
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{ 6 comments… read them below or add one }
absolutely correct..thanx for review on reliance securities
Thanks Dhiva, If you are reliance money customer, can you please share some details which are not covered?
web based software is pathetic.session expired with in 1-2 minutes…….then we should relogin…..
Hi Dhiva,
Good observation. I too don’t like web based software. Apart from the headache of logins the software is sluggish compared to desktop based softwares.
Especially in Reliance money the inactivate time seems to be very less.
ANIL AMBANI IS A CHEATER IN EVERY BUSINESS. HE JUST SHOWBIZZES HIMSELF IN ANY OF THE CINESCREEN EVENT. HE IS NOT SERIOUS IN ANY OF THE BUSINESS AND IS JEALOUS OF HIS BIG BROTHER MR MUKESH AMBANI.HE IS JUST RUINING HIS FATHER REPUTATION IN PRODIGY. HIS LIFE IS A WASTE WITH JUST ONE MOTIVATION TO LOOT PEOPLE WITH HIS NOTORIOUS IDEAS. EVEN HIS BALANCE SHEET IS NOT TRANSPARENT. HIS COMPANY’S SHARES ARE JUST NOW A MANIPULATED ALL TIME LOW AFTER ALL TIME HIGH.
HE HAS VERY POOR SERVICE AND THUGGING ASPECT IN ALL OF HIS COMPANY LIKE RELIANCE TELECOM – RELIANCE MONEY- RELIANCE POWER FAILED TO MAKE A DEBUT.
I PAID ONE TIME BROKERAGE OF RS 2500 AND THEY JUST TOOK AWAY THE MONEY WITH EXTRA BROKERAGE CLAUSE. INSTEAD SMALL AND PROFESSIONAL BROKERS ARE GOOD IN SERVICE AND BROKERAGE.
IN EVERY FAMILY THERE IS A WORTHLESS FELLOW AND SO IS THE ANIL AMBANI.EVEN RELIANCE MUTUAL FUND SCHEME ARE JUST A SHOW SHINE. THEY HAVE THE WORST PERFORMANCE RECORD. JUST DON’T FELL IN PREY FOR ANIL AMBANI.
I am using rmoney from the last 5 years and other than the montly charges of 18 rupees.I am not facing any problem from their side.Overall good experience.