R K Global Issues!

[kaushikbanerjee]

minimum charges in IIFL are 5 paise per share....now in scrips like suzlon, unitech (< 100/-) we need atleast 15 paise to breakeven , so scalping can't be done. But in RKGLOBAL as there is no brokerage (999/- pm) so only govt taxes STT etc apply, so breakeven comes to 5 paise...is it correct ?..PLEASE CONFIRM RKG users..

Yes, u r paying Rs. 999 monthly as brokerage unlimited. So no more questions of brokerage anymore.
Also they charge Rs.9 brokerage per executed order (if u don't subscribe to monthly 999 plan). That means if u trade more than 111 trades in a month (i.e. 5 trades per day on average) then only u will be beneficial by subscribing to monthly 999 plan.

 

[alroyraj]

Yes, u r paying Rs. 999 monthly as brokerage unlimited. So no more questions of brokerage anymore.
Also they charge Rs.9 brokerage per executed order (if u don't subscribe to monthly 999 plan). That means if u trade more than 111 trades in a month (i.e. 5 trades per day on average) then only u will be beneficial by subscribing to monthly 999 plan.

But Rs 9 per order is expensive for equity. Typically per order you will not incur more than a few rupees as brokerage plus statutary charges. So if you have each trade of amount( no of shares * cmp) greater than 18,000 then only it will be beneficial ( compared to brokerage of 0.05% per leg).
Of course without minimum charges it is attractive for scalping.

 

[kaushikbanerjee]

But Rs 9 per order is expensive for equity. Typically per order you will not incur more than a few rupees as brokerage plus statutary charges. So if you have each trade of amount( no of shares * cmp) greater than 18,000 then only it will be beneficial ( compared to brokerage of 0.05% per leg).
Of course without minimum charges it is attractive for scalping.

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.

 

[MarketRider]

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.

Yes my query is exactly this...I m shifting to RKG for this thing because in IIFL I cant even think of this (min 5 paise per share, even if your brokerage is 0.02%)....

 

[alroyraj]

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.

Thanks you explained it beautifully. I earlier has tried with the popular IFCI but after seeing the contract note I realised the broker ate it up at the minimum brokerage of 5 paisa. Then I stopped even thinking of sub 100 Rs shares. Now there is a hope. :clapping:

And that why many at traderji who use RKG take the 999 plan and Rs 9 per order for the derivatives segment(the Odin at 300) per month plan.

 

[vikrammg]

hi can we place orders on phone in rk global

 

[kaushikbanerjee]

hi can we place orders on phone in rk global

Yes, but they charge Rs. 25 for call & trade facility. It will be charged only if your order gets executed. No charge for placing order, modifying or cancelling it.

 

[kaushikbanerjee]

Thanks you explained it beautifully. I earlier has tried with the popular IFCI but after seeing the contract note I realised the broker ate it up at the minimum brokerage of 5 paisa. Then I stopped even thinking of sub 100 Rs shares. Now there is a hope. :clapping:

And that why many at traderji who use RKG take the 999 plan and Rs 9 per order for the derivatives segment(the Odin at 300) per month plan.

But IFCI trades at around Rs. 50 and there is Rs. 3-4 trading opportunity in it somedays. But Re.1-Rs.5 scrips!! No chance of trading except RKG type brokers.

 

[kaushikbanerjee]

MarketView terminal from Tickerplant India

Dear Members, please give your reviews on TickerPlant's MarketView Terminal (exe version) only if you are using the product or have used it earlier.
And ofcourse give the charge for using it. Is it monthly or annual payment?
Sorry to post it here. This is an other forum. So send me private message if u have any experience in using the software.

 

[vikrammg]

Yes, but they charge Rs. 25 for call & trade facility. It will be charged only if your order gets executed. No charge for placing order, modifying or cancelling it.

monthly or per order execution