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| Discuss RK Global at the Brokers & Demat Matters within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi All, I am about to sign up with RK Global. I went through the ... |
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#1
6th September 2008, 11:46 AM
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RK Global
Hi All,
I am about to sign up with RK Global. I went through the forums here and 2 things came out. 1. Margin requirement is higher on Nifty futures lot - I checked with their Mumbai office and they claim they are charging margins as per NSE, nothing extra. I need confirmation from RK users on margin as of today/yesterday for Nifty Sep futures. Geojit is charging 26,849.30 for one Nifty lot and 10,727.63 for Mininifty lot 2. Problems with placing orders - disconnections, etc. - I believe some of these problems have been sorted out as per discussions in this forum. Can RK users confirm this? How has your experience been in the current week. I am evaluating both Web as well as ODIN and would like to get feedback from users of both the systems Lastly if you have traded Nifty futures on RK, what is the effective brokerage charged per lot? I know it is Rs.9 + STT, stamp, taxes. The last part is what I am worried about. I was told it will be Rs. 75 for one round trip (buy + sell). Thanks in advance Nitin 
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| The Following User Says Thank You to nitinsy For This Useful Post: | ||
learn2trade08 (6th September 2008) | ||
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#2
6th September 2008, 11:50 AM
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Re: RK Global
hope someone answers your questions too.I am curious about RKglobal as well.
thanks in advance! Quote:
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#3
6th September 2008, 12:10 PM
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Re: RK Global
If it is of any help, I have been using Geojit for over 2 years. Great service, stable platform, no problems transfering money - in or out. Their EXE client is the best I have seen (better than ODIN & TradeAnywhere). I have tried ICICIDirect, ILFSInvestmart, KotakSecurities before joining Geojit. I trade F&O mostly.
I recently started intraday and brokerage is killing me. They charge Rs. 75 per lot per leg (buy or sell). They have a slab structure wherein your brokerage decreases automatically as volume increases. If you are doing 36 Cr+ volume per month then your effective brokerage will be Rs. 30/- only. Taxes, duties, stt are additional. If brokerage is not an issue I would highly recommend their platinum platform. They charge Rs. 2000/month for this platform but it is adjustable against your brokerage. Nitin
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#4
6th September 2008, 12:14 PM
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Re: RK Global
sincerely appreciate your time nithin.
thanks in advance Quote:
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#5
9th September 2008, 11:11 AM
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Re: RK Global
Hi Nitin and learn2,
I have recently applied for opening a new account with RKG. Will be receiving the user id by this Friday. Regarding the margin for futures, they are publishing margin report everyday in their website. (http://rkglobal.net/Downloads.asp). Hope that is used while actual trading. Regarding disconnections, I can confirm once i trade with them. BTW, There is already a thread running for RK Global Issues. Please post ur query there. You may get immediate answer. http://www.traderji.com/brokers-dema...issues-25.html Regards, Sats.
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#6
26th October 2008, 07:41 AM
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Re: RK Global
I am a fulltime professional trader and have been using Geojit Platinum Online Terminal since last 3 years.Its really one of THE BEST.Least tech probs,excellent back office support,complete transparancy and honesty.Brokerage structure is also oneof the most competitive.
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