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- Jun 15, 2011
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Re: RKSV - Unlimited Online Trading @ 1947/-
My observations with RKSV..
These are Pro's And Con's @ RKSV
Pro's
1)Very Good in brokerage prospective as they charge fixed/Month.
If you trade in multiple scrips with less volume this would definitely save bucks even if you compare brokers like ZERODHA.
2) NSENOW Terminal known for most of the people.. good if you have network fluctuations no need to reconnect etc..
3) Call and trade service is good. basically response is good/quick .
4) They have a 2 different product codes MIS/NRML
If you have already decision in your mind intraday/delivery while entry it's easy.
5)Transaction charge RKSV charge 230rs/Cr which is good in the market.
Con's
T+1 day on wads your future position margin will be locked 100% even intraday.
so only new trades with MIS will 50% allowed @Intraday Trading.
For example :- On day one you traded nifty (Rs. 5000 for 1 lot of 50 shares) using MIS option it requires margin in your account 12,875 . carry forward 100% i.e 25,750 . If you carry forward this position. this position will be locked margin of 25,750@100% on day 2 onwards....until you close.
MIS/NRML is little bit confusion. On given day you took entry in the morning @MIS and scrip is moving as per your expectation you want to go for overnight like BTST or couple of days has to convert this from MIS to NRML. Then only this position will be carry forward otherwise it will be squared off as you entered as MIS. This conversion you will have to be done it either in terminal or call them and convert it to NRML. NSE NOW Mobile app doesn't have this feature. if you have habit of trading @mobile app then it will be un easy to remember it and call them as you will have to depend on them and call them before 3:00 or 3:15 to convert it.. other wise you will miss this position.
Note :- This conversion willn't be charged... only call and trade will be charged 25rs/order . This 25 Rs doesn't include in fixed brokerage
overall experience is good .. But if these 2 Cons Rectified/re look 1) 50% margin for futures intrday until 3 from day two onwards 2) MIS conversion to NRML automatically or in Mobile app future.. if client want to ... RKSV can WIN more clients and tough to beat them until other competitors also release same fixed brokerage plan
My experience with them only on futures ...my points restricted to only futures trading . Charting prospective i dont use Now/Nest charts .. couple of 3rd party tool discussion going on this thread by senior members .. please go through it before you open account with them..:thumb:
Thx,
KP
My observations with RKSV..
These are Pro's And Con's @ RKSV
Pro's
1)Very Good in brokerage prospective as they charge fixed/Month.
If you trade in multiple scrips with less volume this would definitely save bucks even if you compare brokers like ZERODHA.
2) NSENOW Terminal known for most of the people.. good if you have network fluctuations no need to reconnect etc..
3) Call and trade service is good. basically response is good/quick .
4) They have a 2 different product codes MIS/NRML
If you have already decision in your mind intraday/delivery while entry it's easy.
5)Transaction charge RKSV charge 230rs/Cr which is good in the market.
Con's
T+1 day on wads your future position margin will be locked 100% even intraday.
so only new trades with MIS will 50% allowed @Intraday Trading.
For example :- On day one you traded nifty (Rs. 5000 for 1 lot of 50 shares) using MIS option it requires margin in your account 12,875 . carry forward 100% i.e 25,750 . If you carry forward this position. this position will be locked margin of 25,750@100% on day 2 onwards....until you close.
MIS/NRML is little bit confusion. On given day you took entry in the morning @MIS and scrip is moving as per your expectation you want to go for overnight like BTST or couple of days has to convert this from MIS to NRML. Then only this position will be carry forward otherwise it will be squared off as you entered as MIS. This conversion you will have to be done it either in terminal or call them and convert it to NRML. NSE NOW Mobile app doesn't have this feature. if you have habit of trading @mobile app then it will be un easy to remember it and call them as you will have to depend on them and call them before 3:00 or 3:15 to convert it.. other wise you will miss this position.
Note :- This conversion willn't be charged... only call and trade will be charged 25rs/order . This 25 Rs doesn't include in fixed brokerage
overall experience is good .. But if these 2 Cons Rectified/re look 1) 50% margin for futures intrday until 3 from day two onwards 2) MIS conversion to NRML automatically or in Mobile app future.. if client want to ... RKSV can WIN more clients and tough to beat them until other competitors also release same fixed brokerage plan
My experience with them only on futures ...my points restricted to only futures trading . Charting prospective i dont use Now/Nest charts .. couple of 3rd party tool discussion going on this thread by senior members .. please go through it before you open account with them..:thumb:
Thx,
KP
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