RELIANCE money started their business with low brokerage to capture market but now you will see their color. I can challange Reliance money will close their brokering business in coming 3years maximum.
Down time of Reliance has already started now Reliance money is taking undue advantage of small clients. Their intension is not good. Sebi is also not taking any proper action against Reliance and small investor can not fight with Reliance Money. Now investor can not take back their moey given as advance brokerage. It is pure unjustice with small investor to implicate Rs. 15 per order EXTRA. It is not as per agreement.
example I have given order for 10000 Shares of 1Re each but executed only 15shares. You know how much it cost to me more than 2Rs.per share...... Is it fair at Reliance end.
Another big problem is that if you are dealing in any scrip and suddenly you will see that Reliance has stopped dealing that scrip. They STOP any scrip for purchasing any time. Even that scrip can not open for trading on request also.
Another problem is that you may write any number of time request / complaints to customer care of Reliance but you can not hope for answer. Reliance never give ECN your personal mail id other than mail id given by Reliance.I request to new clients, please gather complete details before opening a/c with Reliance.
You may contact me.
Regards
Mukesh Gupta
Mob 0 9871626870