R K Global Issues!
- Thread starter milkyblack
- Start date
Hii Raju
Is there anything wrong with RK global...???
I am looking to open a trading account. After going through lots of threads on traderji, I am interested in
RK Global, Angel broking and zerodha.
I think RK global is cheapest of them all and provides Diet Odin, which is considered a good trading platform.
But in this thread i came to know that RK odin doesnt support "Market order" which is my main concern.
MY REQUEST TO TRADERJI SENIORS WHICH BROKER'S TRADING PLATFORM SUPPORTS MARKET ORDER, IS ANGEL OR ZERODHA'S TRADING PLATFORM EXECUTES MARKET ORDER?
Thanks in advance.
Is there anything wrong with RK global...???
I am looking to open a trading account. After going through lots of threads on traderji, I am interested in
RK Global, Angel broking and zerodha.
I think RK global is cheapest of them all and provides Diet Odin, which is considered a good trading platform.
But in this thread i came to know that RK odin doesnt support "Market order" which is my main concern.
MY REQUEST TO TRADERJI SENIORS WHICH BROKER'S TRADING PLATFORM SUPPORTS MARKET ORDER, IS ANGEL OR ZERODHA'S TRADING PLATFORM EXECUTES MARKET ORDER?
Thanks in advance.
Hi The PLayEr!,
I was trading with R.K for one year,but had faced lot of problems.So have stopped trading with their account for last 3 months.In this thread u will find what problems we had faced.Ofcourse that was the time when they were upgrading their servers.So I would not ask anyone to conclude immediately.
But following points could be thought of before finalizing a broker
1.Customer Support/Service - ? ( U need to read 2 threads for the answer of this one - R.K.Global issues ,Zerodha Online & get information from people who have already used - As I don't have exp. with Zerodha so am not able provide u details)
2.Brokerage for Futures/Options/Cash - Per lot/Executed order/Percentage ?
For more lots e.g 10-15 lots in futures/Options - Zerodha would be preffered
3.Monthly software charge ?
Zerodha would be preferred - No charge ( I am waiting for NOW feedback)
R.K. - charges 99(web)/299(ODIEN) monthly ( I do not like the idea of paying monthly)
4.Which Software is provided - NOW/ODIN -? Is there any difference from where we get the quotes - Directly from NSE or via Broker Server ( I am thinking of asking the same question to ZerodhaOnline)
5.Dial and trade charge ?
6.Do u need charts ?
Currently I am continuing to trade via Sharekhan as I need good charting software and downtime is not a worry with them.I am thinking of opening an account with Zerodha but as I had mentioned waiting for our friends feedback.
Raju
I was trading with R.K for one year,but had faced lot of problems.So have stopped trading with their account for last 3 months.In this thread u will find what problems we had faced.Ofcourse that was the time when they were upgrading their servers.So I would not ask anyone to conclude immediately.
But following points could be thought of before finalizing a broker
1.Customer Support/Service - ? ( U need to read 2 threads for the answer of this one - R.K.Global issues ,Zerodha Online & get information from people who have already used - As I don't have exp. with Zerodha so am not able provide u details)
2.Brokerage for Futures/Options/Cash - Per lot/Executed order/Percentage ?
For more lots e.g 10-15 lots in futures/Options - Zerodha would be preffered
3.Monthly software charge ?
Zerodha would be preferred - No charge ( I am waiting for NOW feedback)
R.K. - charges 99(web)/299(ODIEN) monthly ( I do not like the idea of paying monthly)
4.Which Software is provided - NOW/ODIN -? Is there any difference from where we get the quotes - Directly from NSE or via Broker Server ( I am thinking of asking the same question to ZerodhaOnline)
5.Dial and trade charge ?
6.Do u need charts ?
Currently I am continuing to trade via Sharekhan as I need good charting software and downtime is not a worry with them.I am thinking of opening an account with Zerodha but as I had mentioned waiting for our friends feedback.
Raju
Hiii Raju,
I have already mentioned that i have gone through this thread on RK Global.
Here are My observations:
POSITIVES:
1) RK Global had technical issues but they have sorted it out...most of the traders are very much satisfied with their Odin and even with web version.
2) Cheapest of them all even if they are charging monthly software charges.
Here are 2 scenerios:
a) If yOu are a huge volume trader nothing beats RK Global, gO for
"999 unlimited brokerage plan" and step into Brokerage free world...!!
b) If yOu are a small volume trader then go for "Rs. 9 Brokerage per
executed order" still cheaper then zerodha(charges Rs. 20).
3) Biggest positive "Very transparent company" i dint found any single complaint regarding any maal practice. (found number of complaints against most of the brokers).
(Zerodha is a New company cant say anything about them waiting for a feedback from respected traderji seniors).
NEGATIVES:
1) "Technical charts are a jOke" read this comment from one of the seniors.
(Most of the traders who are trading with RK Global have a second trading account for charts, they trade with RK Global bcozz...of 999 unlimited brokerage plan..:thumb
2) No R.M. & trading calls.
ISSUE OF R.M:
(Well, One of the respected seniors posted: "R.M. can be a pain in your ass....if you are trading online you hardly need one
")ISSUE OF TRADING CALLS:
(As i mentioned before most of them have 2 or even 3 trading accounts, I am assuming they have accounts with KAVERY, MOTILAL OSWAL and ANGEL for trading calls:clap
(But if you have your own trading strategy then you hardly need trading calls)
3) 'NO MARKET ORDER" nOw this is my main concern...fast execution of market order is critical for My trading strategy and if i am not wrng its critical for scalpers and jobbers;-)
I am thinking of opening a trading account with ANGEL BROKING.
Reasons: i) RK Odin dsnt support Market order
ii) Zerodha is a new company, not enough feedback from seniors, not comfortable going with a newcomer.
iii) ANGEL provides Odin with market order feature, charting is ok, trading calls are ok and Brokerage is also fine (1p intraday, 10p Delivery).
[ PLEASE FORGIVE ME IF I SOUDED A NOVICE, LOOKING FOR GUIDANCE FROM SENIORS TO GET INTO THE WONDERFUL WORLD OF STOCK TRADING, ALL COMMENTS ARE WELCOME, THANKS ]
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