RKSV - Unlimited Online Trading @ 1947/-

timepass · #**191** 22nd January 2012, 04:42 PM

Hello Santaji, you can find how to upload IMAGE files - Click here. Other files, you can upload on your gmail account using google docs.

I had a look at the contract note. The details are not very clear, but it seems that there are 16 entries for buy and 24 for sell.. total 40 executed orders.. right ??

santaji4 · #**192** 22nd January 2012, 11:10 PM

Dear TP

Thanks a lot yaar its very easy go for below url

Yes its total 40 executed order

http://imgur.com/9miKo

Happy Trading for monday

ksp191 · #**193** 23rd January 2012, 04:28 PM

Account opening process is fast @rksv.Thank you rksv

ksp191 · #**194** 24th January 2012, 05:01 PM

TO RKSV,
Do you have plans to allow cover order facility,once the updated now capable of COVER ORDER comes ?

RKSV · #**195** 24th January 2012, 05:07 PM

Quote:

Originally Posted by ksp191

TO RKSV,
Do you have plans to allow cover order facility,once the updated now capable of COVER ORDER comes ?

Hi ksp191,

Definitely.

Best

RKSV

ksp191 · #**196** 26th January 2012, 12:20 PM

TO RKSV,
brokerage deduction done at the beginning of month relates to previous month or for the current month?

soft_trader · #**197** 26th January 2012, 12:33 PM

Quote:

Originally Posted by soft_trader

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.

RKSV, you may have not noticed my post.

RKSV · #**198** 26th January 2012, 01:11 PM

Quote:

Originally Posted by ksp191

TO RKSV,
brokerage deduction done at the beginning of month relates to previous month or for the current month?

Hi ksp191,

Right now, we do it at the beginning of the month for the following month. But we refund you the entire amount (including service tax and all) by the end of the month. If you decide to close your account in the middle of the month with no trading, we also refund you the full amount including service tax.

For, first month charges, we will do it the following month since it's pro-rated.

Best,

RKSV

RKSV · #**199** 26th January 2012, 01:19 PM

Quote:

Originally Posted by soft_trader

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.

We are marketing to be a low cost discount broker service. Once we achieve economics of scale, these costs can be lowered

But, to be clear, we are not charging anything extra on top of govt. fees.

Quote:

Originally Posted by soft_trader

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

It is in our plans in the future.

Quote:

Originally Posted by soft_trader

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.

We can't comment on other brokers' offerings. Again, our focus is on our products and services. We can tell you that given the plan and the type of traders we intend to target, margin and leverage will be something we are planning on improving on.

Quote:

Originally Posted by soft_trader

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.

Again, we can't comment on other brokers' charges. Everyone has their business models and reasoning. But it's a point noted and we will follow up on it to see if it's something we can change in the future.

Quote:

Originally Posted by soft_trader

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.

Your comments are super helpful. Again, having many brokers only helps you pick the best plan. We are here to provide you with the best service and platforms that we can and hopefully win your business in return

. It's good to know that you have a broker that you enjoy doing business with and the industry itself is maturing.

Quote:

Originally Posted by soft_trader

RKSV, you may have not noticed my post.

Sorry did not notice it earlier. We do try to monitor the boards as much as we can. Happy Republic Day!

Best,

RKSV

ksp191 · #**200** 26th January 2012, 02:06 PM

TO RKSV,
I am delighted with your service.so not thinking about closing.I asked because, people in zerodha thread ,wanted clarity on the matter.you revolutionized broking.Wishing you all the best.
THANK YOU,

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The Following 2 Users Say Thank You to santaji4 For This Useful Post:
mprakash1972 (24th January 2012), soft_trader (23rd January 2012)

The Following User Says Thank You to ksp191 For This Useful Post:
mprakash1972 (24th January 2012)

The Following User Says Thank You to RKSV For This Useful Post:
ksp191 (26th January 2012)

The Following User Says Thank You to soft_trader For This Useful Post:
kiranjakka (26th January 2012)

The Following User Says Thank You to RKSV For This Useful Post:
soft_trader (26th January 2012)