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:clapping:
So, it is clear that as of now Zerodha is a winner.
