R K Global derivatives

#1
hi,

Please let me know how is RK Global dealings, odin software and is there any hidden cost in their Rs.9 per lot plan apart from the normal taxes... Do they realy give 2 times exposure in intratrade...

Thanks
 

comm4300

Well-Known Member
#2
hi,

Please let me know how is RK Global dealings, odin software and is there any hidden cost in their Rs.9 per lot plan apart from the normal taxes... Do they realy give 2 times exposure in intratrade...

Thanks
Iam a RK customer myself. Giving my views [biased?]

good part :
RKG is one of the most cheapest brokerage houses around. rs.9 per lot + normal taxes AND there are monthly maintenance charges.

Exposure: do not know. maybe their customer service can help. I trade just options, so never bothered about exposure.

Not-so-good-part::
poor customer service. if you happen to call CC, you'll realize that CC agent has already established that it is your mistake even before you plan to explain your problem.
Back office : very poor. they once screwed up my account balance for 1 week and did not bother ! [ i still have screenshot of the issue]. It took my sub-broker to call up Delhi to fix this issue. Be very careful about your balance and check it daily.
ODIN Software: ok.

Summary: Assuming you still have not opened a/c with RKG. If you have a sub-broker of RKglobal who is reachable and has contacts in Delhi RK office, then go for RK. Else look out for other options.
 

kiranjakka

Well-Known Member
#3
Iam a RK customer myself. Giving my views [biased?]

good part :
RKG is one of the most cheapest brokerage houses around. rs.9 per lot + normal taxes AND there are monthly maintenance charges.

Exposure: do not know. maybe their customer service can help. I trade just options, so never bothered about exposure.

Not-so-good-part::
poor customer service. if you happen to call CC, you'll realize that CC agent has already established that it is your mistake even before you plan to explain your problem.
Back office : very poor. they once screwed up my account balance for 1 week and did not bother ! [ i still have screenshot of the issue]. It took my sub-broker to call up Delhi to fix this issue. Be very careful about your balance and check it daily.
ODIN Software: ok.

Summary: Assuming you still have not opened a/c with RKG. If you have a sub-broker of RKglobal who is reachable and has contacts in Delhi RK office, then go for RK. Else look out for other options.
you are right infact they have given me 50000rs extra one day and later realised and took the amount back from my account. more over ther web trading is bad it always stucks at the peak hours

never experienced these issues with z****a which give now platform which is the best i have seen so decide the broker based on the platform like now if you are a trader
 
#4
Thanks Gentlemen,

I have a trading a/c with Angel. Their brokerage is much higher than RKG though I have not encountered any problen with their ODIN.

What do you suggest, shall I go for RKG.
 
#6
Hi


There are two low cost brokers Zerodha & RKSV both give u NOW platform for trading

Zerodha Flat 20 Rs. brokerage for buy & sale per EXCUTED trade irrespective of u r trade size

RKSV gives u freedom plan of 1947 Rs (excluding Service tax) per month where u trade unlimited irrespective u r trading size is 1 thousand or 1 Crore u r brokerage comes around 100 Rs per day

I have both accounts
Zerodha they have superb customer service u r email get reply within half an hour in normal working time,

I am trading only in option based on that i can suggest u

Depend upon u r trading style u choose u r boker

if u r trading less then 3 or 4 lot go for Zerodha
if u r trading more then 4 lot go for RKSV

it just my point of view
 
#7
Thanks for suggesting 0dha.

I am going to call them today. what about their margin for futures trading... anyone trading on futures with zerodha, please provide with the info.
 

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