Traderji.com - Discussion forum for Stocks Commodities & Forex


RKSV - Unlimited Online Trading @ 1947/-

Discuss RKSV - Unlimited Online Trading @ 1947/- at the Brokers & Trading Platforms within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by ksp191 TO softrader, I think they charging rs5 because They are not ...


Go Back   Traderji.com - Discussion forum for Stocks Commodities & Forex > TOOLS & RESOURCES > Brokers & Trading Platforms

Brokers & Trading Platforms Talk about Brokers and Trading Platforms here.


Closed Thread
 
Thread Tools
  #181  
Old 21st January 2012, 06:39 PM
soft_trader's Avatar
Member
 
Join Date: Sep 2011
Location: কলকাতা
Posts: 2,195
Thanks: 1,527
Thanked 2,964 Times in 1,447 Posts
soft_trader has a reputation beyond reputesoft_trader has a reputation beyond reputesoft_trader has a reputation beyond reputesoft_trader has a reputation beyond reputesoft_trader has a reputation beyond reputesoft_trader has a reputation beyond reputesoft_trader has a reputation beyond reputesoft_trader has a reputation beyond reputesoft_trader has a reputation beyond reputesoft_trader has a reputation beyond reputesoft_trader has a reputation beyond reputesoft_trader has a reputation beyond reputesoft_trader has a reputation beyond reputesoft_trader has a reputation beyond reputesoft_trader has a reputation beyond repute
Default Re: RKSV - Unlimited Online Trading @ 1947/-

Quote:
Originally Posted by ksp191 View Post
TO softrader,
I think they charging rs5 because They are not earning high amount on brokerage front,while in the case of other brokers ,they are earning high amount from brokerage,that's why they are giving it free. 5rs don't make big cost in our trading cost. Brokerage cost is 99% cost other than regulatory cost.As we are getting it least,we should be content with the least brokerage.

But they should bring intraday margin requirements to 40% for futures, and this is real issue.

Mostly we do trading only when we are online, using call and trade facility is less frequent, so paying rs 5extra when compared with Zerodha is not a problem.
Yeah! I also told that Rs. 5/- for payout is not a real issue.

But, I am not paying Rs. 5/- extra for Call & trade. I need to pay Rs. 30 extra for a trade using phone while compared to Zerodha. Zerodha is charging Rs.20 for an order placed/executed using call &trade. While RKSV is charging Rs. 50/-
I know that maximum trades are done online, but there is also need arises when you need to place orders by calling your broker.



Sponsored Links
  #182  
Old 21st January 2012, 06:41 PM
timepass's Avatar
Member
 
Join Date: Nov 2010
Location: Idhar ich, aur kidhar?
Posts: 11,333
Thanks: 30,834
Thanked 19,059 Times in 8,119 Posts
timepass has a reputation beyond reputetimepass has a reputation beyond repute
timepass has a reputation beyond reputetimepass has a reputation beyond reputetimepass has a reputation beyond reputetimepass has a reputation beyond reputetimepass has a reputation beyond reputetimepass has a reputation beyond reputetimepass has a reputation beyond reputetimepass has a reputation beyond repute
Default Re: RKSV - Unlimited Online Trading @ 1947/-

I'm ok with the call n trade charges - goes with the philosophy of discouraging personal contact with the customers and increasing overheads. What I find slightly discouraging is the advance brokerage, in an otherwise excellent plan.
The Following User Says Thank You to timepass For This Useful Post:
comm4300 (21st January 2012)
  #183  
Old 22nd January 2012, 08:32 AM
Member
 
Join Date: Sep 2011
Location: Chennai
Posts: 374
Thanks: 214
Thanked 244 Times in 168 Posts
iyerboi is a jewel in the roughiyerboi is a jewel in the roughiyerboi is a jewel in the rough
Angry Re: RKSV - Unlimited Online Trading @ 1947/-

Quote:
Originally Posted by soft_trader View Post
I would like to open account with RKSV. But RKSV has few drawbacks:

1. Why are you charging fees for fund withdrawals? I understand, that there are charges for NEFT, but still, Zerodha also sends funds to it's clients using NEFT but not charging anything. I know that Rs. 5/- is not a big amount, but still why can't you make it free? No other brokers are charging for withdrawals.

2. You don't have Currency trading. Are you planning to add currency trading in near future?

3. You have greater margin requirement i.e. 60% for intraday Futures. But, Zerodha requires only 40%. In this regard Zerodha is clearly a winner. As by giving freedom plan, I would assume that you are basically targeting traders not investors, so you should (in traders benefit) also have low margin requirement for intraday traders.

4. Your Call & trade requires Rs. 25 for calling + Rs. 25 for executing orders. So for entering and exiting from a trade I need to pay Rs. 100. This charges are way high for a trader/scalper. In this regard, Zerodha is charging only Rs. 20 per Call & Trade. So Rs. 40 for a round trade.

I would request to sort out the above mentioned drawbacks, otherwise forget to compete with Zerodha. If you can sort out the above problem of yours I will be one of the first person to open an account with you for sure

So, it is clear that as of now Zerodha is a winner.
yaar main bolta hoon jaldi account khol aur mujhe bhi bata kaisa hai koi reviews hi nahin mil rahi yahaan pe!

btw, this call and trade thing - do they show chgs on the contract note or they deduct it from the margin? ive done a couple of them but so far they dont appear to have been charged hope the broker isnt readin this
  #184  
Old 22nd January 2012, 08:36 AM
Member
 
Join Date: Sep 2011
Location: Chennai
Posts: 374
Thanks: 214
Thanked 244 Times in 168 Posts
iyerboi is a jewel in the roughiyerboi is a jewel in the roughiyerboi is a jewel in the rough
Default Re: RKSV - Unlimited Online Trading @ 1947/-

Quote:
Originally Posted by timepass View Post
I'm ok with the call n trade charges - goes with the philosophy of discouraging personal contact with the customers and increasing overheads. What I find slightly discouraging is the advance brokerage, in an otherwise excellent plan.
sahi baat! maybe they shd charge on daily basis and once u cross 1947, trades dont get charged. advance brokerage is a deterring factor.

but i do think rksv is reasonable compared to other brokers who charge 15k to 1 lac nal. cheers!!
  #185  
Old 22nd January 2012, 08:47 AM
Member
 
Join Date: Sep 2011
Location: Chennai
Posts: 374
Thanks: 214
Thanked 244 Times in 168 Posts
iyerboi is a jewel in the roughiyerboi is a jewel in the roughiyerboi is a jewel in the rough
Default Re: Form Filling

Quote:
Originally Posted by timepass View Post
Queries Regarding Form Filling :

Hello RKSV,

There are two PDFs on your website : Form A & Form B
a. I understand that the customer is required to only fill up Form A and send it to you. Is that correct ?
b. Form B is for the customer's own reference.
c. In Form A, page nos. 1 & 2 are instructions and only page nos. 3 to 10 are required to be filled up and sent. Correct ?
d. Segments available are NSE F&O, NSE Cash and BSE Cash.
d. List of documents required for a person willing to trade all of above segments :
i. Copy of PAN card
ii. Copy of Driving License
iii. Copy of Bank Statement of last 6 months
iv. Paste a photo on page 3 and sign across it.
v. A blank cancelled cheque
vi. A cheque for Rs. 250/-
Have I got it all ??

Next, on receipt of the application, you will process it and the customer will be required to attend a webcam meeting with you with all the originals. Correct ??

Please add whatever I may have missed.
account khula kya dost? bharoseman reviews ki zaroorat hai - aakhir traderji ke sheron se achchaa review mile toh rksv ke liye bhi achchaa hai
  #186  
Old 22nd January 2012, 09:16 AM
Member
 
Join Date: Sep 2011
Location: Chennai
Posts: 374
Thanks: 214
Thanked 244 Times in 168 Posts
iyerboi is a jewel in the roughiyerboi is a jewel in the roughiyerboi is a jewel in the rough
Default Re: RKSV - Unlimited Online Trading @ 1947/-

Quote:
Originally Posted by santaji4 View Post
I am just waiting for this question that someone pls aks for feedback
from last one week i am trading with RKSV i am trading in Nifty Options only
where i will square off my position mostly in profit of 0.10 or 0.20 paisa & i am happy with that
There is one point some member of traderji mention in elsewhere in the forum that he is not happy with the idea of paying brokerage upfront becoz once u paid u r brokerage upfront broker loose a interest in you but i can share my todays experience with you
I am very new to option trading still learning (and after 10 years to i will learn) Whenever u buy or sell u got option of placing order in NRML & MIS mostly i write calls & square off the same day & whenever u place u r order by default u get NRML in NOW so one gentlemen from RKSV suggest me that if i am a intraday trader & squaring my position same day so change the option to MIS so entire margin not get blocked. So today I short my position with MIS option but I dont know if I write/brought position I have to select same option (MIS/NRML) for cover up
After some time when I am in profit I cover my position in NRML so there is 2 open position for me & I am biting my nails while watching screen what went wrong why I am not getting my PROPER net position in admin I am using my huge margin & everthing mess up may be someone who are tracking from RKSV understands what I do wrong calls me within 15 minutes & ask me to square up my one of position & explain me in detail what mistake I done even he connect his computer with Team Viewer & show me what went wrong

So the the guys

I am totally happy with RKSV now I am not waiting for brakeven point like other brokers where I have to wait for 0.20 paise movement for trade come into profit

My English is not that good so pls understand KARKE LO YAAR

I am attaching my option calcuation which is very ROUGH which i make for quick calculation for profit/brakeven considering RKSV charges hope all of u get little help from it maybe charges i am calculated little vary from RKSV but it will give u little idea
thanks santaji, very helpful (infact i was the member who spoke abt brokers losing interest ). do post ur +ve and -ve feedback so tat it helps us all.

all the best for ur trading!
  #187  
Old 22nd January 2012, 11:12 AM
Member
 
Join Date: Mar 2009
Posts: 72
Thanks: 161
Thanked 45 Times in 19 Posts
santaji4 will become famous soon enough
Default Re: RKSV - Unlimited Online Trading @ 1947/-

Hi Pravi Ji

Thanks so far +ve with RKSV some points i will mention

1) They are in Mumbai just half an hour distance from my home i been there office 2 times i open my account sitting in RKSV office.
2) Whole team is young with full of enthuses
3) Trading platform use by both RKSV & Zerodha is same which is NOW so there is no issue about software
4) RKSV have two bank account HDFC & AXIS i transfer my money & getting credit immedaitely
5) I will not leverage my position so 60% intraday margin will not hurt me (I never think i will outperform market & dont want market to outperform me)


But the beauty of trading with RKSV is u dont have to keep u r breakeven point in u r mind so suppose market is against u u are making loss u have to pay 40 RS + U R Loss same with profit side 40 + U R Profit but when u r in profit we dont conside brokerage but in loss its added salt to our wounds
mostly option trader taking 2 position at a time to cover there loss most of the trader trader more then 2 lot so RKSV is better

In RKSV u r Entry & Exit is fast & u can trade more lot, u can think new strategy can i post my last fridays contract note but i have to remove excel calculator
The Following User Says Thank You to santaji4 For This Useful Post:
iyerboi (22nd January 2012)
  #188  
Old 22nd January 2012, 12:49 PM
Member
 
Join Date: Sep 2011
Location: Chennai
Posts: 374
Thanks: 214
Thanked 244 Times in 168 Posts
iyerboi is a jewel in the roughiyerboi is a jewel in the roughiyerboi is a jewel in the rough
Default Re: RKSV - Unlimited Online Trading @ 1947/-

Quote:
Originally Posted by santaji4 View Post

But the beauty of trading with RKSV is u dont have to keep u r breakeven point in u r mind so suppose market is against u u are making loss u have to pay 40 RS + U R Loss same with profit side 40 + U R Profit but when u r in profit we dont conside brokerage but in loss its added salt to our wounds
mostly option trader taking 2 position at a time to cover there loss most of the trader trader more then 2 lot so RKSV is better

In RKSV u r Entry & Exit is fast & u can trade more lot, u can think new strategy can i post my last fridays contract note but i have to remove excel calculator
thanks again, santaji.

for showing us the contract note, u can upload the image via imageshack - in tat case u need not remove the calculator. do remember to hide ur name/contacts from the note.

cheers!
  #189  
Old 22nd January 2012, 02:43 PM
Member
 
Join Date: Mar 2009
Posts: 72
Thanks: 161
Thanked 45 Times in 19 Posts
santaji4 will become famous soon enough
Default Re: RKSV - Unlimited Online Trading @ 1947/-

Hi Pravi Ji

I am attaching my CN i try imageshack but its little confusing i convert my html to jpeg & then delete my details & upload it hope it is useful for u happy trading for u

Last edited by santaji4; 2nd March 2012 at 09:48 PM.
The Following 3 Users Say Thank You to santaji4 For This Useful Post:
iyerboi (24th January 2012), kiranjakka (23rd January 2012), mprakash1972 (22nd January 2012)
  #190  
Old 22nd January 2012, 03:01 PM
Member
 
Join Date: Jul 2007
Posts: 163
Thanks: 244
Thanked 89 Times in 49 Posts
mprakash1972 will become famous soon enoughmprakash1972 will become famous soon enough
Default Re: RKSV - Unlimited Online Trading @ 1947/-

hi santaji4,
Many thanks for you contract note and review of RKSV.i have also joined recently.
regards,
m prakash


Closed Thread

Bookmarks

Tags
brokerage, cash, f&o, low, unlimited


Advertise Here


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads for: RKSV - Unlimited Online Trading @ 1947/-
Thread Thread Starter Forum Replies Last Post
Limited vs Unlimited Trading nac Brokers & Trading Platforms 40 30th May 2013 03:19 PM
Unlimited options Trading jain.er Brokers & Trading Platforms 14 9th December 2012 11:49 AM
Unlimited Trading Facility sureshkmkt Brokers & Trading Platforms 11 22nd June 2010 05:33 PM
Need Urgent Advise on Bajaj Capital Unlimited Trading Account r_a_sharma Brokers & Trading Platforms 0 20th September 2009 11:08 AM
ICICI Direct - 0.015% Brokerage Unlimited Derivatives Trading augubhai Brokers & Trading Platforms 4 11th July 2009 10:45 PM


All times are GMT +5.5. The time now is 11:21 AM.

Indemnity, Disclaimer & Disclosure Notice:
By visiting Traderji.com you automatically indicate that you agree to our Forum Rules, Indemnity, Disclaimer & Disclosure Notice and General Content Disclaimer Notice and indemnify Traderji.com, its associates and related parties of all claims howsoever resulting from the usage of the forum/site.
Disclaimer: Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate enquiries and seek appropriate advise before sending money, incurring any expenses, acting on recommendations or entering into any commitment in relation to any advertisement published here. Traderji.com does not vouch for any claims made by the advertisers of products and services. Traderji.com will not be held liable for any consequences in the event such claims are not honoured by the advertisers. Traderji.com will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of any information by anybody mentioned anywhere on this site.
Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.
All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy or legality of any information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. Although we constantly delete all irrelevant content and/or SPAM, if you should find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
 


Copyright © www.Traderji.com 2001 - , All rights reserved.

Recommended Websites - www.TradersEdgeIndia.com - www.TradingPicks.com - www.MasterOfTrading.com

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247