Item: reliancesmartmoney
Rating: 1.56

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Website

reliancesmartmoney.com

220.226.197.52

Server Location

India

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Relevant Enterprises

RELIANCE SECURITIES LIMITED(India)

Active

India

Registration No. U65990MH2005PLC154052

Established 2018-09-27

Related sources Website Announcement

Employees

SANJAY SHARMA

Others

Start date

2022-05-17

Status

Employed

RELIANCE SECURITIES LIMITED(India)

SANJAY SHARMA

Others

Start date

2022-05-11

Status

Employed

RELIANCE SECURITIES LIMITED(India)

VRUNDA DHANESHA

Others

Start date

2021-01-21

Status

Employed

RELIANCE SECURITIES LIMITED(India)

Wiki Q&A

Franko Knavs

Within 1 year

Does reliancesmartmoney impose any charges when you deposit or withdraw funds from your account?

WikiFX Reply

Based on my careful assessment of the information available, I have not found any clear, verifiable details about the deposit or withdrawal fee structure at reliancesmartmoney. For me as a trader, this kind of lack of transparency raises considerable caution. In my experience, trustworthy brokers usually publish their fee schedules openly, as understanding potential costs is an essential part of any prudent trading or investing decision. The absence of this information at reliancesmartmoney makes it difficult to properly evaluate the real costs associated with moving funds in and out of an account. Additionally, the broker currently operates without any effective regulatory oversight, which further increases the possibility of unforeseen charges or unfavorable practices. As someone who emphasizes risk management and capital protection, I believe that clear communication about fees is non-negotiable, since even seemingly minor costs can significantly impact trading outcomes over time. Given this, I strongly advise anyone considering reliancesmartmoney to contact their support directly and obtain a written confirmation of all potential charges before depositing or attempting any withdrawal. Personally, I would not proceed with any broker that fails to make such basic information readily available. Verifying fee structures up front is an essential step in safeguarding your funds against unnecessary risks.

Which types of trading instruments can you access through reliancesmartmoney, such as stocks, forex, indices, commodities, or cryptocurrencies?

WikiFX Reply

From my experience closely evaluating reliancesmartmoney, I found that the platform gives access to a fairly broad selection of trading instruments, though not necessarily in all the categories some traders might expect. The offerings include stocks, mutual funds, investment portfolios, insurance products, exchange-traded funds (ETFs), securities lending, corporate deposits, stock futures and options, currency futures and options, commodity futures, and interest rate futures. Traditional assets like equities and mutual funds seem well represented, along with some derivatives exposure through futures and options. I did not see any mention of direct spot forex trading or access to cryptocurrency products, which for me is a significant consideration given my primary focus on FX and alternative assets. The absence of any stated leverage details also makes it challenging to plan risk management or trading strategies for those interested in margin products. One concern that stood out to me is the lack of clear regulatory oversight; reliancesmartmoney currently operates without effective regulation. In my professional judgment, this is a serious factor that may introduce additional risks, regardless of the apparent range of asset classes available. For those considering this broker primarily for stocks or Indian market assets, it may offer relevant opportunities, but for global forex or crypto traders, it does not meet the accessibility or transparency standards I prioritize in my trading decisions.

How do Reliance Smart Money’s overnight financing or swap fees stack up against those charged by other brokerage firms?

WikiFX Reply

In my assessment as a long-term independent trader, a broker’s fee structure—especially overnight financing or swap fees—is crucial in managing trading costs and long-term profitability. However, with Reliance Smart Money, I have found that there is no clear or transparent information about their overnight financing or swap fees available through their official resources. In my experience, this is a significant concern. Most well-established, regulated brokers provide detailed disclosures of their swap charges, allowing traders to plan trades with full awareness of potential carrying costs. The absence of such details from Reliance Smart Money makes it impossible for me to directly compare their swap fees to those of other brokerage firms. For me, this raises a red flag, especially since the broker is also not subject to any effective regulation, according to available information. Responsible risk management, in my view, always begins with understanding all costs involved in a trade. Without concrete, accessible information on overnight fees, I refrain from trading leveraged or margin products with such brokers. To sum up, until Reliance Smart Money displays transparent and verifiable information about their overnight or swap fees, I find it far less competitive and trustworthy than most regulated brokers I’ve used. For anyone prioritizing cost clarity and safety, I’d advise approaching this broker with substantial caution.

Are there any inactivity fees associated with reliancesmartmoney, and if they exist, what are the specific terms or conditions?

WikiFX Reply

In my assessment as a trader, one area I always investigate with great care before opening any account is the fee structure—especially concerning inactivity fees. When I researched reliancesmartmoney, I found that there’s a notable lack of transparency around many key trading conditions. Specifically, there is no publicly disclosed information about inactivity fees or their specific terms on reliancesmartmoney’s website or in the available background data. This absence of detail is a concern for me because unclear or undisclosed fees can unexpectedly erode an account’s balance, impacting long-term trading profitability or even basic account maintenance. From experience, reputable and regulated brokers are typically very transparent about all costs, as regulatory bodies often require them to clearly state the terms for any inactivity fee or similar charges. The fact that reliancesmartmoney is not under effective regulation and hasn’t provided clear information on this topic makes me especially cautious. Until inactivity fees and all other potential charges are precisely outlined by the broker, I would advise exercising significant caution and seeking direct clarification before considering any involvement. For me, unclear fee structures are always a red flag, particularly in an unregulated environment.

User Reviews 2

All (2) Positive (2)

FX1241457852

6-10 years

Positive

reliancesmartmoney is unregulated company. While choosing financial companies, I pay the most attention to its regulation. As we all know, if a company is not qualified, it will be dangerous to invest here.

New Zealand

I asked for my $500 so-called profit to be sent to me. But all they did was just close my account. I would not trust this company with any investments.

2022-12-19

Nigeria

No more

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Wiki Q&A

Does reliancesmartmoney impose any charges when you deposit or withdraw funds from your account?

Which types of trading instruments can you access through reliancesmartmoney, such as stocks, forex, indices, commodities, or cryptocurrencies?

How do Reliance Smart Money’s overnight financing or swap fees stack up against those charged by other brokerage firms?

Are there any inactivity fees associated with reliancesmartmoney, and if they exist, what are the specific terms or conditions?

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