R K Global Issues!

[anurag.chand]

hi

want to know whether r k global provides mobile trading.

because the regular site doesnt open on mobile

 

[lvgandhi]

Can any rkg customer post following charges for futures trading
transaction/turnover charges, stamp duty, sebi charges

 

[anurag.chand]

Account Maintenance
(Charged from 2nd year onwards) Rs. 250/-*
Advance against Charges
(One- Time) Rs.200/-
Transaction Charges (Outgoing) Rs.15/-per ISIN
Delivery Instruction Book Charges Rs. 25/- Per Book
Dematerialisation Rs 30/- plus Rs 3/- per certificate subject to maximum of Rs 250/-
Rematerialisation Rs. 20/- per Certificate
Creation and Closure of Pledge
(Chargeable from the Pledger) Rs. 50/- per Instruction.
Invocation of Pledge
(Chargeable from Pledger) Rs. ..../- per Instruction.

I got this from R K global site

I am having doubt about "Transaction Charges (Outgoing) Rs.15/-per ISIN"

And Delivery Instruction Book Charges Rs. 25/- Per Book

What are these charges?? Any Rk global user please answer this.
Does this mean that any share sold from Demat will be charged Rs15 per scrip??

Also does Rk global provide mobile trading?? Anyone using it??

Thanks in advance

 

[shubhamchugh]

Yes, u r right. In fact it should be greater than Rs. 30,000 (considering many brokers charge 0.03% for intraday). But what if somebody trades hugely on exposure ? And when u take it as delivery ? Then also they charge Rs. 9. Now calculate with your delivery brokerage! It will be hugely beneficial to those who trade for very short term, BTST, etc.

Now for intraday, the beauty lies elsewhere...
If u trade in very low priced scrips, suppose u buy 1 lakh shares of Sanraa Media at 30 paisa and sell it 31 paisa, your broker will not charge u @ 0.03% but 3 paisa per share. Now think... u pay 6 paisa as brokerage for buy & sell i.e. u won't be able to trade in such scrips because its difference between lower filter to upper filter is not more than 6 paisa! In RKG u will get Rs. 960 profit in just 1 paisa profit margin (deducting Rs. 18 brokerage and taxes).

Earlier I wondered how these type of scrips generate so much volumes when Intraday trading is not profitable considering 1 paisa brokerage also. Then I came to know there are brokers who offer fixed brokerage / unlimited brokerage plan.

OMG it couldn't be possible.Just Rs. 9 .There should be terms & conditions.Every trader whose trading money is more than 5000 then he will easyly cross rs 9 brokerage.For delivery its extremely cheaper ,that's why i'm doubting how it could be so cheap

 

[PGDIMES]

OMG it couldn't be possible.Just Rs. 9 .There should be terms & conditions.Every trader whose trading money is more than 5000 then he will easyly cross rs 9 brokerage.For delivery its extremely cheaper ,that's why i'm doubting how it could be so cheap

:lol: Shubham... told you about rkg & zerodha in chatroom... but you are so dependent on your father's friend aka broker that you never thought of checking other services...


:rofl:

 

[MANISH_DAMANI]

Hi I am also going to open account open with RK Global for all segment but I am little concerned about safety of Money. As I am trading in bulk in all segment. My daily turnover is atleast Rs. 1.5 on an average in commodity and in equity 30-40 lakhs in intraday with brokerage of .02% (one side) in commodity and .03% (one side) in equity( fno + cash). But with low brokerage with R K Global I can trade more with less fear of loosing. I can make money upto Rs 5000-Rs 10000 daily but with my present brokerage it is difficult to sustain longer. But with brokerage with R K Global it become much easier. As I am loosing money time after being good and advance knowlege of technicals due to brokerage and trading platforms. Any body currently trading account with R K global please suggest both about safety and trading platform as I am doing very fast trade. I will be grateful to everybody who suggest. Please Please advice

 

[PGDIMES]

Hi I am also going to open account open with RK Global for all segment but I am little concerned about safety of Money. As I am trading in bulk in all segment. My daily turnover is atleast Rs. 1.5 on an average in commodity and in equity 30-40 lakhs in intraday with brokerage of .02% (one side) in commodity and .03% (one side) in equity( fno + cash). But with low brokerage with R K Global I can trade more with less fear of loosing. I can make money upto Rs 5000-Rs 10000 daily but with my present brokerage it is difficult to sustain longer. But with brokerage with R K Global it become much easier. As I am loosing money time after being good and advance knowlege of technicals due to brokerage and trading platforms. Any body currently trading account with R K global please suggest both about safety and trading platform as I am doing very fast trade. I will be grateful to everybody who suggest. Please Please advice

Dear Manish,

I'm using RKG for the last one year... Price freeze in ODIN terminal happens everyday... Last year we had a few days when ODIN stopped working completely in RKG. Sometimes your stop-loss orders may not get executed and during heavy volume trading days, the freezing of ODIN is a common feature... Would request you to keep another broker as substitute in case of emergency... You can try Zerodha as well... Best wishes...

 

[columbus]

Dear Manish,

I'm using RKG for the last one year... Price freeze in ODIN terminal happens everyday... Last year we had a few days when ODIN stopped working completely in RKG. Sometimes your stop-loss orders may not get executed and during heavy volume trading days, the freezing of ODIN is a common feature... Would request you to keep another broker as substitute in case of emergency... You can try Zerodha as well... Best wishes...

Freezing is there with other broking houses also ,be it Zerodha or Sharekhan
.......or someody else.The only think we have to see is ,how frequent they
are?.

I preferred ZERODHA because Zerodha offers more options.
1.Zerodha-WEB
2.Zerodha-XPRESS
3.Zerodha-EXE
4.Zerodha-MOBILE.(Of course ,I never tried this option).

 

[TraderRavi]

Freezing is there with other broking houses also ,be it Zerodha or Sharekhan
.......or someody else.The only think we have to see is ,how frequent they
are?.

I preferred ZERODHA because Zerodha offers more options.
1.Zerodha-WEB
2.Zerodha-XPRESS
3.Zerodha-EXE
4.Zerodha-MOBILE.(Of course ,I never tried this option).

one more thing is NSE NOW automatically resumes within 30 seconds after freezing, while you have to restart ODIN...:annoyed:....very bad experience with ODIN, satisfied with NOW.....

 

[shubhamchugh]

:lol: Shubham... told you about rkg & zerodha in chatroom... but you are so dependent on your father's friend aka broker that you never thought of checking other services...


:rofl:

hmm you always try to make fun of me for my broker From now i'll also make fun of him.Laat maar di saale ko
Jab tak rkg ka account nhi khulega,tab tak no trading.I can't bear his silly mistakes more