RKSV - Unlimited Online Trading @ 1947/-

What is your expense (approximately) on 5 lots ?? Brokerage + taxes ??

Hi rksv
i have demat account opened from another broker and linked to your trading account.now my understanding is i can buy shares and which will be credited to the demat account of mine and for selling the same i have to do it from the trading account of another broker.am i right?,
regards,
m prakash

Hi mprakash,

Yes that's correct. You can configure back office so that the shares go directly to your demat account. To sell it through us, you would have to first transfer the shares to our pool account (your demat provider may charge you for the transfer). If you are an NSDL account holder, this takes around 1-2 hours. For CDSL account holders, this is a 5 minute process. Once it hits your RKSV account, you can sell it for no charge.

Best,

RKSV

Hello RKSV,

Suppose I open an account with you today, 12th March. Ok, I understand that the brokerage for March will be on prorata basis and you will charge only for 19 days. But suppose I dont trade with you for March, and then I don't trade with you during April and May. Suppose I start trading with you on 15th June. So what will be the charges and for which month.

Hi timepass,

March - Pro rata starting from the first day of trade not day of account opening.
April - 0
May - 0
June - Rs. 1947/-

Best,

RKSV

rksv, any plans for MCX Trading? You are leaving out a huge client base of traders by not having commodities trading on MCX.

Hi NinjaTrader,

Plans are there We don't have membership on MCX as of yet though. Working on it.

Best,

RKSV

I know you can't make a commitment now to an exact date for starting on MCX but it would be of much interest to us if you could give just a rough idea on commencing commodities trading on rksv, like 1 month, 3 months, 6 months from today.

Dear rksv,
sir if nse now goes paid do you have any plans to move to omnesys nest trader?.just asking out of curiosity.
regards,
m prakash

Hi NinjaTrader,

Well getting a license alone is a 2-3 month process. Then after that, there will be some testing for a month or so. This is what we are anticipating at this point so I'd say 6 months is a fair amount of time.

Best,

RKSV