I had great interest and high hopes about RelianceMoney as I respect Anil Ambani as very innovative. The platform rarely shows right quotes in real time. Sometimes, the clownish browser based platform simply does not open. It's pathetically slow sometimes. It's going to have a untimely demise if it continues like this and it's advisable for day traders in F & O segment to get rid of it as soon as possible. My experience with it is pretty much bitter.
RE:Reason No 9 - Trading with wrong brokers like RelianceMoney
by Rakesh Vankina on Dec 05, 2007 08:03 PM Permalink
Try Religare or Indiabulls. Found them very good. Maybe little expensive but best to have something that works rather than fails.
RE:Reason No 9 - Trading with wrong brokers like RelianceMoney
by pradeep narasimhamurthy on Dec 10, 2007 07:07 AM Permalink
I have accounts with both Religare and Indiabulls, but I feel Religare is better. In Indiabulls, squaring of positions are not done properly and I lost Rs. 30,000 in 15 minutes on November 6.
RE:Reason No 9 - Trading with wrong brokers like RelianceMoney
by Venkat Lavu on Dec 05, 2007 08:06 PM Permalink
You are absolutely right about it.Today on Dec. 5th, the platform did not refresh the prices after 2:44 pm and I had to call a friend who has another acoount and check the prices.
It is slow and pathetic to use.
Made a big mistake taken in by Reliance Brand name. USE IT AT YOUR PERIL.
RE:Reason No 9 - Trading with wrong brokers like RelianceMoney
by julie today on Dec 05, 2007 08:43 PM Permalink
even i hav had a terrible experience wid reliance money.... i was lured by the low brokage bt the software doesn't run and customer service is v.v. poor..i hav taken all my oney out and hav opened my acc wid angeltrade..xcellent software , u don't need anyone....
RE:Reason No 9 - Trading with wrong brokers like RelianceMoney
by venx on Dec 06, 2007 04:48 PM Permalink
its pathetic : the entire day there was a message on icicidirect.com indicating that site was down...this happens too often for comfort...
these big companies are so insensitive and do not seem to have quick recovery procedures...
looks like it is time to move to a better platform...
