I had accounts with Religare Securities, Commodities, Currencies. I advise anyone and everyone to AVOID RELIGARE at any cost!
NO PRIOR TRADE CONFIRMATION: The dealers commit transactions without any prior confirmation just to meet target monthly brokerage.
TRADES WITHOUT STOP LOSS: Dealers regularly put in trades without any stop loss. This led to losses of over 7 Lakhs.
NO MONITORING MECHANISM: Religare does not have ANY monitoring mechanism for your account. If you lose a large amount suddenly, there is no monitoring about whether and why this happened, and there is no corrective action.
All Religare cares about is the brokerage. I lost 6L in about 2-3 months in HUGE transactions. Take my advice - STAY AWAY FROM RELIGARE!
RELIGARE GIVES YOU HUGE LOSSES! AVOID AVOID AVOID!
It appears they have hired new college graduates who learn the trade at your expense!! For the last time, AVOID!!!
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