RKSV - Unlimited Online Trading @ 1947/-

TraderDude · #31 5th January 2012, 12:33 AM

Quote:

Originally Posted by 403.forbidden

=================

What is this " High Volume traders " ? please,explain...

By high vol, i mean people who trade lots frequently or should i say scalpers.

High vol traders is the wrong word here ..pardon me.

I meant scalpers..

RKSV · #32 5th January 2012, 08:13 AM

Quote:

Originally Posted by TraderDude

RKSV,

your offer is average at best. Zerodha still wins hands down.

Note i do not endorse Zerodha in any way. I do not work for them. But comparing all trades in a month. The brokerage with Zerodha is still cheaper and best compared to others and the new kid on the block RKSV.

I m currently trading with Religare. Planning to ditch them soon.

you got to do better RKSV.

E.x if i make 2 trades a day on average , that comes to 40 Rs/day . total 800 Rs/mn compared to 1947/mn.

RKSV is good for high volume traders. Not for most retail traders.

Hi TraderDude,

Thanks for your comment. On our part, we are focusing on our freedom plan and giving people good customer support. In terms of pricing alone, as a trader, you can see for yourself whether or not it will save you money based on our rates versus others. If it does, that's amazing news, if it does not, that's also amazing news since you must be getting a good deal too.

More brokers competing for your business just means that you have different options and plans to choose for your liking. Hehe.

Best,

RKSV

RKSV · #33 5th January 2012, 06:54 PM

Update: We are done offering free logins but you can always avail the regular plan. Thanks to those who signed up after seeing the post on Traderji!

Kedarnath · #34 5th January 2012, 08:04 PM

Quote:

Originally Posted by RKSV

Hi TraderDude,

Thanks for your comment. On our part, we are focusing on our freedom plan and giving people good customer support. In terms of pricing alone, as a trader, you can see for yourself whether or not it will save you money based on our rates versus others. If it does, that's amazing news, if it does not, that's also amazing news since you must be getting a good deal too.

More brokers competing for your business just means that you have different options and plans to choose for your liking. Hehe.

Best,

RKSV

Hi,

Just to inform you that your brokerage is no doubt lowest but your other chrgs like(stt+stampduty+...etc is not correct)...

Like i do high vol business in futures as well as options.... i pay around 1275 per cr in futures and in options 6600 per cr.

And its on profit sharing...

So claim abt charges are much on the higher side... I hope u will give clear picture to your likely new customer ...and not keep buffer margin(profit) and make toll claims.

RKSV · #35 6th January 2012, 08:51 AM

Quote:

Originally Posted by Kedarnath

Hi,

Just to inform you that your brokerage is no doubt lowest but your other chrgs like(stt+stampduty+...etc is not correct)...

Like i do high vol business in futures as well as options.... i pay around 1275 per cr in futures and in options 6600 per cr.

And its on profit sharing...

So claim abt charges are much on the higher side... I hope u will give clear picture to your likely new customer ...and not keep buffer margin(profit) and make toll claims.

Hi Kedarnath,

The difference you see in cost is in turnover charges. Turnover charges are generally around 400 to 800 rupees for Futures in the market and can vary from broker to broker. It depends on whether the broker is a Self Clearing Member (SCM) or if he has to go through another Clearing Member (CM) and/or incurs any overhead costs.

Our CM is IL&FS, hence we incur overhead costs and you see that in the turnover charges. Just a note, we have mentioned that also on the bottom of our transaction charges FAQ saying it includes clearing costs.

Also on another note, we do not offer any profit sharing schemes. If that's what you are looking for, seems you got yourself a good deal. Good job!

Best,

RKSV

iyerboi · #36 6th January 2012, 06:24 PM

any reviews from the guinea pigs who signed up from traderji?

jain.er · #37 7th January 2012, 11:17 AM

guinea pigs

so funny

GTji · #38 7th January 2012, 11:52 AM

5x exposure is kind of out of place with the rest of your offer. You should provide more margins.

sachin928111 · #39 7th January 2012, 01:44 PM

hi

rskv pl post breakeven points for buy and sell of 1 lot of nifty future

RKSV · #40 7th January 2012, 03:00 PM

Quote:

Originally Posted by sachin928111

hi

rskv pl post breakeven points for buy and sell of 1 lot of nifty future

Hi sachin,

Let's use today's NIFTY value of about 4750. If you bought 1 lot of NIFTY futures at that price your break-even sell point would be approx. 4751.56. Since that's not a valid price in the market, let's round it up to 4751.60 making your break-even goal Rs 1.60.

Here's the breakdown of costs (rounded):

STT - Rs. 40.38
Turnover - Rs. 24.7
Svc Tax - Rs. 2.47
Other Charges:
---> Edu Cess - 0.05
---> Higher Edu Cess - 0.03
---> Stamp Duty - 9.5
---> SEBI Turnover - 0.48
-----------------------
Total: Rs. 77.61
-----------------------
Rs. 77.61 / 50 shares ~ 1.56 = Rs 1.60.
-----------------------

Whether you do 1 lot, 10 lots, or 100 lots, your break-even point for buying NIFTY futures at 4750 would always be 4751.60.

Now, this doesn't include the monthly Freedom plan charges. It would be hard to include the costing on this because you are allowed to do unlimited trading and it's a fixed monthly fee for you that doesn't go up with the number of trades you do.

Best,

RKSV

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The Following 3 Users Say Thank You to RKSV For This Useful Post:
comm4300 (5th January 2012), nilesh53333 (5th January 2012), Sunny1 (6th January 2012)

The Following 2 Users Say Thank You to Kedarnath For This Useful Post:
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