RK Global Unlimited 999 & Super 9 plan review

shubhamchugh

shubhamchugh

kuttaBanda
#1
#1
I'm thinking to open an account in RK global due to their trading plans.I need these kind of terrifs because i want to trade in penny stocks as in other brokers brokerage goes very high for penny stocks.I heard these two plans of RK global.
I want to know :
1. Has anyone used it,is there any special kind of terms & conditions which can hurt me (like fair usage policy,or special kind of limitation)
2.What's the total cost of opening an account including stamp paers,software charges etc. etc. It does matter for me because my trading capital is small as i'm a learner
3. How many days does it take to open an account there. I'm currently living in jaisalmer,rajasthan (The most remoted area of india except north-east & kashmir i think).There are no chances of any RK global office in jaisalmer.
4.Whats' the meaqning of Rs. 9 plan,means you'll be charged exact 9 Rs. of brokerage whether you used 100 Rs. or 100000 Rs.
OR it'll be atmost 9Rs. means if you use 100 Rs. ,you'll be charged normal brokerage of 3 paisa of intraday.
5. Is this 9 Rs. plan works for delivery also?
6.Do you have to pay any additional charges for subscribing to 9rs. plan.Means why would any1 use normal plan for delivery & btst, if there is 9 Rs. plan availabe.
7.If i subscribe to 999 plan ,can i unsubscribe again as i'm not sure that i'll remain in trading for 1 month or for whole life as i'm a learner.
8. Is this true that you can't trade after 2:30 pm in Rk global?
9.Tell me any other important point to look at if i'm missing.
:confused::confused::confused::confused::confused::confused:
PLEASE HELP,I'LL BE VERY THANKFUL TO YOU.
 
PGDIMES

PGDIMES

Well-Known Member
#2
#2
Dear Shubham,

As I am trading with RKGlobal ODIN terminal, I think I can answer all your queries. Visit http://www.rkglobal.net/Services/WhatWeOffer.asp
The answers are written in green as follows:

shubhamchugh said:
1. Has anyone used it,is there any special kind of terms & conditions which can hurt me (like fair usage policy,or special kind of limitation)

RKG is very transparent in its dealings with all its customers. Take my words on that.

2.What's the total cost of opening an account including stamp papers,software charges etc. etc. It does matter for me because my trading capital is small as I'm a learner

The account opening charge is Rs.200(one time payment)... You have to pay Rs.200 per segment(one time payment) you want to trade in addition to that...

3. How many days does it take to open an account there. I'm currently living in Jaisalmer,Rajasthan (The most remote area of India except north-east & Kashmir i think).There are no chances of any RK global office in Jaisalmer.

Account opening will take maximum 10-12 days. Ask them to send you the account opening forms.

4.Whats' the meaning of Rs. 9 plan,means you'll be charged exact 9 Rs. of brokerage whether you used 100 Rs. or 100000 Rs.
OR it'll be atmost 9Rs. means if you use 100 Rs. ,you'll be charged normal brokerage of 3 paisa of intraday.

Rs. 9 will be charged per trade irrespective of the volume you trade.

5. Is this 9 Rs. plan works for delivery also?

Yes

6.Do you have to pay any additional charges for subscribing to 9rs. plan.Means why would any1 use normal plan for delivery & btst, if there is 9 Rs. plan available.

:)

7.If i subscribe to 999 plan ,can i unsubscribe again as i'm not sure that i'll remain in trading for 1 month or for whole life as i'm a learner.

This 999 plan or any other plan can be unsubscribed by writing to them. You can even lock your account from trading if you want to, for some months... :)

8. Is this true that you can't trade after 2:30 pm in Rk global?

No

9.Tell me any other important point to look at if i'm missing.

They have monthly maintenance charges... price freeze occurs everyday... sometimes ODIN freezes completely for the day... Have some backup plan as well in case of emergency...
You can even try http://zerodha.com/index.html
Click to expand...
Best wishes. :)
 
shubhamchugh

shubhamchugh

kuttaBanda
#3
#3
PGDIMES said:
Dear Shubham,

As I am trading with RKGlobal ODIN terminal, I think I can answer all your queries. Visit http://www.rkglobal.net/Services/WhatWeOffer.asp
The answers are written in green as follows:



Best wishes. :)
Click to expand...
Thank you very much.
One day you were saying that those idiots don't allow to trade after 2:30pm .Was i misunderstood at that time?Do the allow to trade till 3:15?
Freezing of mkt. watch is no problem for me because i'm already compromising with my broker for this service.It doesn't provide mkt. watch.
Because jab tak bande ne sukh nhi dekha hota, tab tak usko dukh ka bhi ehsaas nhi hota.
:cool:
 
columbus

columbus

Well-Known Member
#4
#4
shubhamchugh said:
9.Tell me any other important point to look at if i'm missing.
Click to expand...
1.The margins are higher compared to Zerodha.
2.Software costs are EXTRA.
3.ODIN freezes atleast 3 or 4 times in a day.
4.If your volumes are less go for RKG, if it is higher go for Zerodha.
 
shubhamchugh

shubhamchugh

kuttaBanda
#5
#5
columbus said:
1.The margins are higher compared to Zerodha.
2.Software costs are EXTRA.
3.ODIN freezes atleast 3 or 4 times in a day.
4.If your volumes are less go for RKG, if it is higher go for Zerodha.
Click to expand...
Do zerodha also has plan like this RKG
 
columbus

columbus

Well-Known Member
#6
#6
shubhamchugh said:
Do zerodha also has plan like this RKG
Click to expand...
They do not have plans similar to RKG's UNLIMITED-999 but have flat Rs.20/-
plan which better than RKG's rs.9/-/lot plan.
That means if you Buy/Sell 1 or 1000 lots ,brokerage is same.

Code: 
LotSize      1     2      3     4       5
RKG          9     18     27    36     45
Zerodha      20    20     20    20     20
So for less volumes RKG is good.
 
Last edited:
PGDIMES

PGDIMES

Well-Known Member
#7
#7
shubhamchugh said:
Thank you very much.
One day you were saying that those idiots don't allow to trade after 2:30pm .Was i misunderstood at that time?Do the allow to trade till 3:15?
Freezing of mkt. watch is no problem for me because i'm already compromising with my broker for this service.It doesn't provide mkt. watch.
Because jab tak bande ne sukh nhi dekha hota, tab tak usko dukh ka bhi ehsaas nhi hota.
:cool:
Click to expand...
Shubham,

I was talking about Reliance money on that day... In Rmoney the sq. off time was 2:50pm at that time but whenever the volume increased in trading, I used to find their platform freezing for me... :annoyed: In RKG you will find a customer-friendly broker... They generally answer/solve your problems most of the time (other than complete failure of ODIN)... :)

In Zerodha, you may opt for 1p per Rs.100 (intraday) and 10p per Rs.100 (delivery) brkg which will be better for you at the moment. :thumb:
 
shubhamchugh

shubhamchugh

kuttaBanda
#8
#8
PGDIMES said:
Shubham,

I was talking about Reliance money on that day... In Rmoney the sq. off time was 2:50pm at that time but whenever the volume increased in trading, I used to find their platform freezing for me... :annoyed: In RKG you will find a customer-friendly broker... They generally answer/solve your problems most of the time (other than complete failure of ODIN)... :)

In Zerodha, you may opt for 1p per Rs.100 (intraday) and 10p per Rs.100 (delivery) brkg which will be better for you at the moment. :thumb:
Click to expand...
Wat's columbus talking about.I can't understand.Rs. 20 plan of zerodha means you can trade limitlessly for 20 Rs. in 1 day or its like,you'll be charged 20 Rs. per trade {Like Rk global }
 
TraderRavi

TraderRavi

low risk profile
#9
#9
yeah in zerodha..its 20 Rs. per order....so you can buy 10 or 10000 shares, its still 20 per order....:thumb:
 
N

nisha.dhar

New Member
#10
#10
aditi.phadke said:
if i am not wrong ... Rmoney squareoff timing is 3.20 pm on both the exchanges... not only that they also allow after market orders... which can b very beneficial for penny stocks... i dnt know abt ealier but i have started using their service frm last 3 months but havent faced any such problem... u shld try their new trading platform...:clapping::thumb:
Click to expand...
Totally agree with you on that! their new platform is simply great and userfriendly!:clapping:
 
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