R K Global Issues!

[$ashpats$]

There are no hidden charges. Considering Brokerage of Rs.9 and other taxes, Linkon is right. Although it depends on what value of Futures/Options u r paying.

I'm attaching an excel sheet where I calculated the difference in brokerage of RKG and other brokers.
Insert the values on first four sky coloured lines.
And compare the Net Profit below. Net Profit in RED colour indicates loss.

Hey Kaushik
Gd 1 i had gone through your sheet. Nice presented. You should have also considered ICICI Direct they are charging 95 per lot + s.t. etc. This was the reason I had opened RKG specially for Options trading. Its gd going

AshPats :clapping:

 

[simple_trader]

Thanks all for your feedback on brokerage.

I have been thinking to open an account with RKG. Wish to do all my option buy trading from RKG. Reliance money is charging a lot these days. I am paying almost 200 rs for 2 lots NF option.

Mostly I trade option in the last week of expiry, high volume trades kill my account!!

Opening an account with RKG seems to be pain though!!

 

[columbus]

Columbus,

My calculation gives a completely different picture.

In these days, 1 lot of Nifty futures(5200-5400) will cost(Buy+Sell) you around Rs.90 to 95.

Brokerage - Rs.18(Fixed)
NSE Tax - Rs. 15 to 17
Service Tax - Rs. 3 to 4
STT - Rs. 44 to 46
Stamp Duty - Rs. 10 to 12

Hope I have covered all the taxes and charges.

N.B.: 1 lot of Nifty option will cost Rs. 25 to 27 including all expenses.

Hi PGDIMES,

STT holds the key.It is NIL in one side.
Well, you are correct,A Complete transaction (Buy+Sell) takes 100 Rs.
I corrected the post accordingly (post no.1038),Please correct my portion
in your reply also.(Post no.1039).Thank you.

 

[rajeabc]

There are no hidden charges. Considering Brokerage of Rs.9 and other taxes, Linkon is right. Although it depends on what value of Futures/Options u r paying.

I'm attaching an excel sheet where I calculated the difference in brokerage of RKG and other brokers.
Insert the values on first four sky coloured lines.
And compare the Net Profit below. Net Profit in RED colour indicates loss.

Hi Kaushik ,

Nice informative post. I checked RKG's site and found lot of hiden charges.May be I could not understand. They have monthy fee + software maintance charge and lot extra. could you please let me know if you have any idea. what are their fix charges and variable charges ?

 

[anant_agrawal]

hey all my traderji friends......

i want to ask that..... does rkglobal provide any sms tips.....?

dp they provide any sms facility or anything like that....?

what is the brokerage for the stocks of rates 1-40

like fcs softwares whose rate is 3.30 rs.

curentlly i am giving 5 paise one side (buy/sell) with arihant capital and reliance money

must answer

 

[kaushikbanerjee]

hey all my traderji friends......

i want to ask that..... does rkglobal provide any sms tips.....?

dp they provide any sms facility or anything like that....?

what is the brokerage for the stocks of rates 1-40

like fcs softwares whose rate is 3.30 rs.

curentlly i am giving 5 paise one side (buy/sell) with arihant capital and reliance money

must answer

RK Global neither provide any SMS tips nor they send research reports in your email ID. They do not even send daily transactions via sms like other brokers.
Even contact notes via email go missing somedays.
But u can download n number of reports from their back office.

In equity segment they charge Rs. 9 per executed segment.
Price of share does not come into effect. Their is no minimum brokerage.
I had same query in my mind and mailed three questions to RKG regarding this.
They had put their answers below each of my questions in red letter.
I'm quoting that context below. Readers of this thread may get help from this.
My quesions are in BLUE. Their answers are in RED.
_________________________________________________________________
_________________________________________________________________
Dear Sir ,

Please find attached answer for the below mail in RED .

With Regards
Customer Care Division
R K Global
Flat no.5, Sagar Aptt.
6 Tilak Marg, New Delhi
Ph.011-43100951

On Sat, May 22, 2010 at 2:09 PM, Kaushik Banerjee wrote:

Sir,
Please send me the following informations about the scheme BSE 9.

1) If I give order to buy/sell 10,000 shares at one go but it is executed partially at 3 times suppose, will I be charged brokerage 3 times although I have not entered the order 3 times ?

ANS : Brokerage will be charged one time only .


2) If I trade 50,000 shares of Re.1 each at single execution then shall I still be charged Rs.9 per execution OR there will be some minimum brokerage per share ?

Ans : It will be INR 9 only .


3) Is Rs.9 brokerage per executed order is same for both Intraday and Delivery?

Ans : Yes


Thanking You,

Your's sincerely,
Kaushik Banerjee.

 

[kaushikbanerjee]

Hi Kaushik ,

Nice informative post. I checked RKG's site and found lot of hiden charges.May be I could not understand. They have monthy fee + software maintance charge and lot extra. could you please let me know if you have any idea. what are their fix charges and variable charges ?

When something is mentioned u cannot say it as hidden charges.
They clearly wrote that they have monthly software maintance charges.
The more segment u subscribe the less per segment u pay.
Their is no other monthly fee unless u go for 999 plan.
In that plan u pay Rs. 999 per month and enjoy unlimited trading in NSE cash market.
U don't pay any more brokerage but only the taxes.

 

[Raju]

Hi Kaushik Sir,


OMS server is not up in web based..Is u'r ODIEN working at 11:08am ?

Thanks,
Raju

 

[niftytrader99]

it was down.. it is now up.. I am connected to ODIN

 

[kaushikbanerjee]

Hi Kaushik Sir,


OMS server is not up in web based..Is u'r ODIEN working at 11:08am ?

Thanks,
Raju

No, it got disconnected that time. Now working.