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Reliance Money Super Trade!

sohail (ceo) (33 Points)

22 March 2010

hi...reliance Money has come out with its new online trading platform called supertrade!
https://www.reliancemoney.com/SuperTrade.aspx

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8 Replies

meera krishna (senior trader) (59 Points)
Replied 23 March 2010

hey Sohail,

I am not here to suggest or advice on any brokerage house. If you feel that Reliance is cheapest, you can take your decisions. I did use Reliance Software when they introduced their Super Trade, which was free for some time. But now, I understand that they are charging software license fees of Rs.500 per quarter. Features of Software platforms offered by almost all the brokers are more or less similar and the speed ultimately depends upon your Internet speed and the load on their servers.

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pawankumar (investor) (109 Points)
Replied 31 March 2010

thanks for the suggestion.but unlimited trading at 6000 rs?i would go for supertrade!

pawankumar (investor) (109 Points)
Replied 08 April 2010

and does any other platform comes close to what they have to offer?

pawankumar (investor) (109 Points)
Replied 13 April 2010

look at the cheapest charges here!

https://www.reliancemoney.com/customer-services.aspx?page=customer-services/CSCharges

pawankumar (investor) (109 Points)
Replied 15 April 2010

hope the info is useful here!

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meera krishna (senior trader) (59 Points)
Replied 17 April 2010

one question What will be the charges for using shares as collateral/how will client be charged for any ledger debits resulting from trading activities in Supertrade?

pawankumar (investor) (109 Points)
Replied 19 April 2010

here

There are 2 types of charges that may be applied to clients using shares as collateral
A. Pledge depledge charge
There is a charge of Rs/- 25 per scrip every time you pledge or depledge for all clients.

B. Charge on ledger debit in any of the following ledgers in your trading account.

MTM
NSE
BSE
FO Margin

The charge schedule for Limit Card and % brokerage clients for use of the shares as collateral facility and the resultant debit occurring in ledger which is not immediately settled by online transfer of funds is as follows.

Charge Structure	Ledger Debit Charges
Limit Card	21% per Annum
% Brokerage	18% per Annum*

*Calculated daily and posted in Charges Ledger to prevent compounding effect.
Ledger debit charges will be posted once every month.
Example: 1
Charge Structure: Limit Card
Ledger Debit Charges
F&O Margin Ledger = -5000
F&O MTM ledger= - 5000
Total Debit = -10,000
Ledger Debit Charges for 1 day = (10,000 x 21% ) / 365 = 5.75
Example: 2
Charge Structure: % Brokerage
Ledger Debit Charges
F&O Margin Ledger = -5000
F&O MTM ledger= - 5000
Total Debit = -10,000
Ledger Debit Charges for 1 day = (10,000 x 18%) / 365 = 4.93

pawankumar (investor) (109 Points)
Replied 21 April 2010

also there is the option of trading with mobile!

With access to Rmoney.mobi on the mobile you can now place and track your order in BSE and NSE on real time basis. This facility is available to Reliance Securities Trading account holders across all mobile platforms independent of device, operator and the underlying carrier technology.

Along with Trading on mobile you can also keep a track of

Intraday Positions / Exposures
Your Reliance Securities Trading portfolio
Latest market news
Stock quotes and much more!

Key Features:

Square off order – You can select any Open Position from the report and place a square off order.
News – Equities, Derivatives, Mutual Funds, IPO’s.
Market Statistics – Volume Toppers, Gainers and Losers, FII’s activity, Market summary and Global indices.
Market Commentary – Equities.
Mutual funds – Updated information on NFO’s, Top performing schemes/ funds, and calculator for your SIP calculations.
IPO - Forthcoming IPO’s, Top performing IPO’s and IPO open.
Quotes – Get the days high and low, last traded price of your favorite stock.
Reports* – Ledger report for Equity trading, Order book, Demat balance, Trade book and Limit card.
Branch Locator – Get the nearest Reliance Securities Limited branch addresses.