R K Global Issues!
- Thread starter milkyblack
- Start date
I would like to know some info about RKGlobal F&O.
1. Do I need to 'hold' amount before I trade, or does it automatically deduct without any need to hold fund?
2. Is the clearing instantaneous or is it at the end of the day?
3. If I frequently buy and sell (intraday) options, do I need to have separate funds for each trade, or will they consider the amount residing with the broker account?
For example, if I have 50k in my trading a/c and let's say I would like to buy options worth 50k and also sell it in a few minutes, can I do it frequently? Will they not clear off funds after the first buy, and will not deposit the proceedings until next day? Or, do they consider that the proceedings of sell is still with them and I can buy options again in the same day on that money? I get to do this with HDFC, I am not sure if RKG allows this.
Can you please help? Thanks!!
1. Do I need to 'hold' amount before I trade, or does it automatically deduct without any need to hold fund?
2. Is the clearing instantaneous or is it at the end of the day?
3. If I frequently buy and sell (intraday) options, do I need to have separate funds for each trade, or will they consider the amount residing with the broker account?
For example, if I have 50k in my trading a/c and let's say I would like to buy options worth 50k and also sell it in a few minutes, can I do it frequently? Will they not clear off funds after the first buy, and will not deposit the proceedings until next day? Or, do they consider that the proceedings of sell is still with them and I can buy options again in the same day on that money? I get to do this with HDFC, I am not sure if RKG allows this.
Can you please help? Thanks!!
It is always better to ask. Umm.. 1000 buck for a few questions. Sounds a bit expensive.
W6H, as it is called - Where, what, why, which, when, who, how. Especially important to ask questions in forums so that everyone can read it. That way knowledge and experience is truly shared and is easily accessed. Spending 1000 bucks will prevent him from asking questions but someone else will ask some other time. If his questions are answered once then anyone looking for that info can find it again. That's what makes Google special. That's why it is important to ask questions on public forums instead of private messages.
Ask questions - keep the forum alive. No offense meant. Just sharing my view.
:thumb:
W6H, as it is called - Where, what, why, which, when, who, how. Especially important to ask questions in forums so that everyone can read it. That way knowledge and experience is truly shared and is easily accessed. Spending 1000 bucks will prevent him from asking questions but someone else will ask some other time. If his questions are answered once then anyone looking for that info can find it again. That's what makes Google special. That's why it is important to ask questions on public forums instead of private messages.
Ask questions - keep the forum alive. No offense meant. Just sharing my view.
:thumb:
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