Reliance Trading Co. Limited has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Note: This company is not connected with and should not be confused with the registered Australian company Reliance Trading Corporation Pty. Limited [ACN 004 576 390]
Phones: +852 580 82968
Addresses: Suite 6102 Central Plaza18 Harbour RoadWan Chai Hong Kong This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.reliancetradingco.com.
Do not use Reliance Trading Co. Limited for anything serious. I used them since I retired last year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Wide product range|Detailed reporting
Cons: Limited demo account features
Do not be fooled by the professional-looking website. Behind the scenes, Reliance Trading Co. Limited is disorganized and incompetent. I found them through word of mouth in my investment club and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Easy to use platform|Market news feed|Segregated accounts|Regular platform improvements
Cons: Wish they had more educational resources
The reporting at Reliance Trading Co. Limited is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Easy withdrawals|Good mobile app|High security standards
Cons: Slow to add new assets
After for about five months with Reliance Trading Co. Limited I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Multi-device support|Two-factor authentication
Cons: Currency conversion fee exists|Minimum deposit could be lower
Reliance Trading Co. Limited seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Easy withdrawals|Detailed reporting
Cons: Desktop app not available on Linux
The only good thing about Reliance Trading Co. Limited is that they remind you why regulation matters. I found them after a trusted YouTuber reviewed them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Wide product range|Regular updates
Cons: Slow to add new assets
I had a dispute with Reliance Trading Co. Limited and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Professional team|High security standards|Clear documentation
Cons: Email notifications too frequent
I trusted Reliance Trading Co. Limited with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Automated trading options|Full transparency|Demo account available
Cons: Minimum deposit could be lower
Reliance Trading Co. Limited changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Tax reports included|Multiple order types|Portfolio tracking tools
Cons: No dark mode on mobile|Live chat only during business hours
I joined Reliance Trading Co. Limited after attending a webinar they hosted and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Personal attention|Educational resources
Cons: Search feature is basic