Cheapest & Competent Brokerage

[manishala]

Happy New Year to everyone.

I'm starting this new thread hoping that it will be beneficial to everyone.

I'm using PowerIndiabulls for last 8 months. I've also subscribed to R K Global after watching its ad on CNBC.

R K Global charges Rs. 9.00 only per trade as brokerage. That is cheaper than
Reliance Money. And, yes, also same brokerage on ODIN client.

(R k global seems to get their live data feed from same source as Indiabulls PIB as both of their live quotes change at same moment and exactly by same numbers)

I see your contract note they did not charge anything else. It's great, there are so meny days and so many transactions you done in that. It any hidden charges are their ? If not so then It is great one

 

[hs1972]

hello
this is my first on this forum. i m pritam singh from mumbai
i have been using sharekhan, kotak, 5 paisa for online trading.
however their brokerage rates are not attractive given the stiff competition among brokers.
i have heard about RK Global ..
i have few queries
1... Do they charge RS 9/- only per trade as claimed. are their any hidden charges.?
2.. Do odin be provided
3...How is their service.. back office response?
ANy body using rk account in mumbai online , pl resolve my doubts to
[email protected]

 

[sumanta guha roy]

Dear All, Today I made an enquiary regarding ODIN monthly charges.they said it is RS 340maybe it has changed since then.

 

[knarendra]

Dear all,
In my comouter
www.rkglobal.net webpage is opened as notification of non security site. Do you have face this kind of problem?
regards,
naren

 

[n_khullar]

As far as site is concerned it is secured .... https://www.rkglobal.net/ .. even it crosses all secure check on my system ...

I have few questions
--------------------

which banks do they have tie up with?

Do we get dmat + trading account in different places?
What are the charges that they are taking for dmat.

How much Investment exposure + exposure intra day they give?

 

[bangerabs]

I do not understand how Rs.9/- per trade is cheap. Apparently this may be cheap only when traded quantity is huge. But India Bull charges brokerage proportionately to value which some times is lower than even a Rupee, for small quantity.

 

[bangerabs]

If Reliance Money introduces new trading s/w and improves serive, no one can beat it. But at current level, it has only spoiled the name of Reliance. It has worst s/w and customer service.

 

[mahesh4]

I agree with you but when they improve their service? Since last one year I am trading with RMONEY. Nothing is change.

 

[traderwiz]

Reliance Money: I have heard from pretty much every one in this forum that they are the worst. So, I have decided to stay away.

Question: I am still trying to understand why Rs. 9 is cheaper than lets say .03% (3 paise) offered by other broerages. If I understand this right, this is 9 Rs per lot not just a flat rate of Rs 9 for ANY lot. Can some body care to enlighten me here? Am i missing some thing?

Example: for .03% or 3 paisa for NIFTY would be 50 (lot size) X 4737 (Market close for Nifty) X .0003 = Rs 71.055 per side

I guess the same trade with RK global would be Rs 9 flat rate.

Am I correct?
or
is it Rs 9 X 4737 (Market Close in Nifty) X .0009 = 213.165
I am really lost. Can some one illustrate with clear examples for any futures contract or number of shares so we all can be on the same page? Thank you very much.

 

[mahesh4]

Reliance Money: I have heard from pretty much every one in this forum that they are the worst. So, I have decided to stay away.

Question: I am still trying to understand why Rs. 9 is cheaper than lets say .03% (3 paise) offered by other broerages. If I understand this right, this is 9 Rs per lot not just a flat rate of Rs 9 for ANY lot. Can some body care to enlighten me here? Am i missing some thing?

Example: for .03% or 3 paisa for NIFTY would be 50 (lot size) X 4737 (Market close for Nifty) X .0003 = Rs 71.055 per side

I guess the same trade with RK global would be Rs 9 flat rate.

Am I correct?
or
is it Rs 9 X 4737 (Market Close in Nifty) X .0009 = 213.165
I am really lost. Can some one illustrate with clear examples for any futures contract or number of shares so we all can be on the same page? Thank you very much.

Please check the attachement