R K Global Issues!

[mammu]

Hi guys,

I am new to trading and looking for broker. I read this thread and found RKGlobal good with less brokerage. But before opening an account with them just wanted to clear few queries.

Can I know how much brokerage would I be needed to pay both ways(buy, sell) including STT, service tax or any other tax if I buy 1 minifty.

Also how much margin I would get to buy 1 nifty/minifty?

 

[Flock]

For one lot of mini nifty 45 Rs. at current levels.
Margin around 15% of contract value.

Rgds

 

[mammu]

Thanks arm. Even I am from Pune.

If current sep08 minifty is at 4350 and I buy 1 minifty, I will have to pay rs45 as brokerage with buy and sell(both sides) including taxes?

But I also heard they have rs9 a lot plan.
http://www.rkglobal.net/Services/WhatWeOffer.asp
Could you please put some focus on it?
Is brokerage only rs9 if you buy any futures/options?
Also is there any claw if we need to trade so much no. in a mnth or so?

 

[milkyblack]

Thanks arm. Even I am from Pune.

If current sep08 minifty is at 4350 and I buy 1 minifty, I will have to pay rs45 as brokerage with buy and sell(both sides) including taxes?

But I also heard they have rs9 a lot plan.
http://www.rkglobal.net/Services/WhatWeOffer.asp
Could you please put some focus on it?
Is brokerage only rs9 if you buy any futures/options?
Also is there any claw if we need to trade so much no. in a mnth or so?

Hi mammu,

The figure of 45 that arm mentioned is inclusive everything! i.e. ST/Stamp Duty, TOT+ ST on TOT.

If you ask only about brokerage then it is 9 for buying and 9 for selling.... adding the remaining taxes mentioned above it comes to round abt 44.75( approx to 45)

Good Luck

Regards

ps:- there is no commitment of minimum turnover!

 

[mammu]

Thanx milkyblack. But do I need to generate any minimum brokerage/trade?

R K Global looks great, looking forward to opening an account with them.
I contacted them with new visitor on there site and I received email with couple of attachments. But still they didn't called me as they stated on there website. Should I wait more?

So now whats the next step?
I am doing a paper trading from a mnth now and I would mostly prefer nifty and some stocks for short term(week or so).
What plan would suit me India Trades @999/super9?

Wanted to know which plans you guys have and hows your experience.

 

[Flock]

No min usage requirements. They charge a fixed monthly amount for software. Depends on which platform you choose web or ODIN.

To open an account call Mumbai office on 022-26361521.
or call 9920022247

Happy trading.

 

[dp111]

hi , can u let me know how much brokerage for one lot NIFTY is it same Rs45 as that of Mini Nifty.

dimps

 

[Flock]

Brokerage Rs. 9 per lot each side. (So Rs. 18 per lot for round trip)
Service tax = 12.36% of brokerage. (Will come to Rs. 2.22 per lot round trip)
STT = 0.017% of sell transaction value.
NSE charges = 0.0032% of transaction value (Buy + Sell)
Service tax on NSE charges = 12.36% of NSE charges calculated above.
Stamp duty = 0.002% of transaction value (Buy + Sell)


At current levels for one lot of NIFTY total charges for one round trip will come to around Rs. 81.

 

[mammu]

R K Global Pune Contact.

Well very nicely sorted out by arm.

But just wanted to know which plan you took 999 or 9? And hows your experience? :thinking:

 

[mammu]

Minimum 50% cash margin and rest in form of NSE approved shares with 30% hair cut.

Delivery Exposure 100% against available cash margin

Exposure against margin (Intraday) 6 times
Exposure against margin (Delivery) 1 time

No exposure allowed against stock in your Demat account.
Margin on sale will be applicable or else pre pay - in required.

What does these lines means?

Also if I open account and only have 10k, can I trade atleast 1 mininifty intraday?

Just answer these questions and I will run to open an account.