Reliance Money emerged as the cheapest trading account in the world. Many readers are asking about their fee structure and other details. Even though it is not a safe option of day traders, Reliance Money is the better option for cost conscious investors. Reliance Money is surging ahead by providing value added services and by setting up transaction kiosks even in small towns. It should provide separate software for the benefit of day traders.
Reliance Money fee structure and validity limits:
Reliance Money is providing 3 types of fee structures.
1. Rs 500 account:
Time validity: 2 months.
Turnover validity: 1 crore (90 lac non-delivery and 10 lac delivery).
2. Rs 1350 account:
Time validity: 6 months.
Turnover validity: 3 crore (2.7 crore non-delivery and 30 lac delivery).
3. Rs 2500 account:
Time validity: 12 months.
Turnover validity: 6 crore (5.4 crore non-delivery and 60 lac delivery).
Demat account fee: Rs 50/- per year.
How to open account in Reliance Money?
You can open Reliance Money account in 3 ways:
1. SMS “MONEY” to 6636.
2. Call 3988 6000 for account opening.
3. You can apply online through reliancemoney.com
Contact their office in your town for demo on Saturdays.
Reliance Money SMS alerts:
Reliance Money is currently providing SMS alerts on technical breakouts and expert advice.
Cost: Rs 250 per month and Rs 2400 per year.
Please share your comments on Reliance Money online trading.
Friday, January 4, 2008
Reliance Money online trading: fee structure
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3 comments:
sms tips @ 250 per month how to pay .
Damn slow site, doesn't allow to login during trading hours from 10-12 and 2-330. Even reports doesn't come.
Don't go for it.
you may be in for a surprise, now a day's fast trade is really good . at the present brokerage fee it's really attractive.
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