Brokerage From R K Global

C

cotton

Well-Known Member
#1
#1
I have been trying to find a decent broker with least brokerage.
On reading forum found of R K Global.
Contact them and they offered these rates.

Illustration of charges applicable on trading in MCX Segment
Script Price Quotation BUY PRICE SELL PRICE
Gold 10GRMS 1
2
12750.00
Symbol Lot Size BUY VALUE SELL VALUE Total Turnover
Gold 100 1270000 1275000 2545000
Statutary Charges and Brokerage under R K Global Commodity Broking Ltd
Brokerage Flat Rs 9/- per Lot Total Price (Rs)
Brokerage Flat Rs 9/- Rs 9/- 18.00
Service Tax on Brokerage 10.30% 0.92 0.92 1.84
Other Charges 0.005% 63.50 63.75 127.25
Service Tax on Other Charge 10.30% 6.54 6.57 13.11
TOTAL (Rs) 79.96 80.24 160.2
N.B: Statutory Charges Applicable On
Other Charges 0.005% On Turnover
Service tax 10.30% On Brokerage and Other charges

The total brokerage becomes 160 both ways.

and for share khan they are charging..
60.375 per lot.

Brokerage 120
Service Tax Rs. 13.09
Education Cess Rs. 0.26
Higher Education Cess Rs. 0.13
Stamp Duty Rs. 4.03
Turnover Charges Rs. 10.07

Total 160.36

So I find there is no difference between R k Global and Sharekhan..

Any Thoughts pls...

Thanks
Saurabh
 
M

mehtaka

Active Member
#2
#2
cotton said:
I have been trying to find a decent broker with least brokerage.
On reading forum found of R K Global.
Contact them and they offered these rates.

Illustration of charges applicable on trading in MCX Segment
Script Price Quotation BUY PRICE SELL PRICE
Gold 10GRMS 1
2
12750.00
Symbol Lot Size BUY VALUE SELL VALUE Total Turnover
Gold 100 1270000 1275000 2545000
Statutary Charges and Brokerage under R K Global Commodity Broking Ltd
Brokerage Flat Rs 9/- per Lot Total Price (Rs)
Brokerage Flat Rs 9/- Rs 9/- 18.00
Service Tax on Brokerage 10.30% 0.92 0.92 1.84
Other Charges 0.005% 63.50 63.75 127.25
Service Tax on Other Charge 10.30% 6.54 6.57 13.11
TOTAL (Rs) 79.96 80.24 160.2
N.B: Statutory Charges Applicable On
Other Charges 0.005% On Turnover
Service tax 10.30% On Brokerage and Other charges

The total brokerage becomes 160 both ways.

and for share khan they are charging..
60.375 per lot.

Brokerage 120
Service Tax Rs. 13.09
Education Cess Rs. 0.26
Higher Education Cess Rs. 0.13
Stamp Duty Rs. 4.03
Turnover Charges Rs. 10.07

Total 160.36

So I find there is no difference between R k Global and Sharekhan..

Any Thoughts pls...

Thanks
Saurabh
Click to expand...
Hi Saurabh,
I think ders a calculation mistake, or seems lke you did not understood their calculation properly.
Their 0.005% includes everything i.e Service chrge on brokerage, other charges, service tax on other charge. So you dont calculate those 10.3% different. Let me explain you with your example:

Symbol Lot Size BUY VALUE SELL VALUE Total Turnover
Gold 100 1270000 1275000 2545000

Brokerage 9/- both side Total 18
All the other charges 0.005% which will be 63.5 + 63.75 = 127.25
So your total costing would be 145.25 (includes both side)

Hope its cleared.
Also tell us whats % of brokerage sharekhan is charging u?
 
S

sumeetsj

Well-Known Member
#3
#3
with RK Global there are going to be ODIN charges (or maintenance charges) every month or quarter.
So please take those too into consideration, although if u trade a lot then 300/- odd rupees wont matter a lot.
But whats outgoing is outgoing, has to be taken into consideration
 
N

netman

Active Member
#4
#4
Can someone please post how much does it costs to Trade 1 Lot of crude in RKG currently please quote both sides, total cost for buying 1lot and selling it.
 
M

mehtaka

Active Member
#5
#5
Example: Approx figure
You buy crude at 4500
Sell crude at 4550

Total brokerage 18/- (buying 9/- and selling 9/-)
Total costing, except brokerage is 0.005% on turnover...so

100*4500=450000.....cost would be 22.5/- (450000*0.005%)
100*4550=455000.....cost would be 22.75/-(455000*0.005%)

Your total cost would be 18+22.5+22.75=63.25

Hope you got this
 
K

kingpin

New Member
#8
#8
mehtaka said:
Example: Approx figure
You buy crude at 4500
Sell crude at 4550

Total brokerage 18/- (buying 9/- and selling 9/-)
Total costing, except brokerage is 0.005% on turnover...so

100*4500=450000.....cost would be 22.5/- (450000*0.005%)
100*4550=455000.....cost would be 22.75/-(455000*0.005%)

Your total cost would be 18+22.5+22.75=63.25

Hope you got this
Click to expand...
What is the margin allowed on crude in RKG? That way the profit % would be higher.
 
L

lakshmikantapanja

New Member
#9
#9
Hi,I have an account with R K Global.I log in to their Back office website to generate the various reports.Can anyone help me how can I generate the report for Total turn over (Total Volume) generated for a month,or for a Financial Year.
 
N

nivesh.is

New Member
#10
#10
Can someone please post how much does it costs to Trade 1 Lot of Gold(1 kg) in RKG currently please quote both sides, total cost for buying 1lot and selling it.


mehtaka said:
Example: Approx figure
You buy crude at 4500
Sell crude at 4550

Total brokerage 18/- (buying 9/- and selling 9/-)
Total costing, except brokerage is 0.005% on turnover...so

100*4500=450000.....cost would be 22.5/- (450000*0.005%)
100*4550=455000.....cost would be 22.75/-(455000*0.005%)

Your total cost would be 18+22.5+22.75=63.25

Hope you got this
Click to expand...
 
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