R K Global Issues!
- Thread starter milkyblack
- Start date
Me too happy. I don't know what people want in the name of service.
I place order in ODIN, it gets confirmed instantly and executed when price matches. That's all. I can see order book, trade book, net position, etc.
Order modification & cancellation is also very fast in ODIN.
What else I need ? As atrader, one cannot rely on tips and research provided by his/her broker.
Only the charting is bogus in RKG's ODIN. But with so low brokerage a frequent trader can easily afford to get a charting software OR atleast a free trading terminal from Sharekhan, Indiabulls, etc.
I place order in ODIN, it gets confirmed instantly and executed when price matches. That's all. I can see order book, trade book, net position, etc.
Order modification & cancellation is also very fast in ODIN.
What else I need ? As atrader, one cannot rely on tips and research provided by his/her broker.
Only the charting is bogus in RKG's ODIN. But with so low brokerage a frequent trader can easily afford to get a charting software OR atleast a free trading terminal from Sharekhan, Indiabulls, etc.
I guess they are asking you this for "Documentary evidence of financial details".
If that's the case, we can submit any of the following...
a) Copy of ITR Acknowledgement;
b) Copy of Annual Accounts
c) Copy of Form 16 in case of salary income
d) Net worth certificate
e) Salary Slip
f) Bank account statement for last 6 months
g) Copy of demat account Holding statement
h) Any other relevant documents substantiating ownership of assets
i) Self declaration along with relevant supporting
If that's the case, we can submit any of the following...
a) Copy of ITR Acknowledgement;
b) Copy of Annual Accounts
c) Copy of Form 16 in case of salary income
d) Net worth certificate
e) Salary Slip
f) Bank account statement for last 6 months
g) Copy of demat account Holding statement
h) Any other relevant documents substantiating ownership of assets
i) Self declaration along with relevant supporting
Columbus,
Following are the details requested on Sharekhan site....I think everybroker would ask these for people who deal in derivatives
Submission of important documentation as per new SEBI guide lines
Dear Customer,
Pursuant to the regulatory changes, submission of the following documentations have been made compulsory for all investors;
1. Physical documentary evidence of financial details for all who opt to trade in the Derivatives Segment.
click here (Visit Link) to download the Derivatives mandate which needs to be duly filled and submitted to any of our branches / sub brokers along with any of the supporting Proof of Income documents mentioned in the column to the right.
Copy of the ITR acknowledgement
Copy of the annual accounts
Copy of Form 16 in case of salary income
Net-worth Certificate duly certified by a Chartered Accountant
Salary slip
Bank Statement for the last 6 months
Depository Account Holding statement
NOTE:
Following conditions would be applicable in case a Depository Account Holding Statement is being submitted.
1. DEMAT statement should necessarily have the valuation of the shares printed on it. In case where only the holdings are mentioned without the valuation then the same should be manually mentioned as on date of submission and should be self attested either by your self or by the concerned Depositary Participant (DP).
2. Demat holding statement being submitted should be of a minimum value of Rs.50,000/- or more.
3. Demat statement can be of any other depositary however in that case you need to be the first holder in that account.
4. In case your average volume in the Derivative Segment exceeds Rs. 10 lacs in a day then the value of the holding should be a minimum of Rs. 2 lacs.
5. Demat statement being submitted needs to be on the Depository Participant’s stationary or any blank stationary which should have the DP stamp on the same. Internet statement will not be accepted.
Following conditions would be applicable in case a Bank Statement is being submitted
1. Bank statement of any last 6 months starting from July 2009 till date can be submitted. The bank statement should be such that it should commensurate with the positions (15% of the total exposure taken by the client) in the derivative segment.
2. The bank statements being submitted must be of consecutive 6 months only.
3. The client should be the first holder in the bank statement submitted.
4. Bank statement being submitted cannot be an internet statement
5. Bank statement being submitted SHOULD be on the bank’s stationary or any blank stationary which should have the banks stamp on the same. Internet statement will not be accepted.
2. Authorization for maintaining trading accounts on a running basis for all customers on a yearly basis.
As per the new norm;
1. All customers are required to renew this mandate on a yearly basis.
2. Customer’s account will be settled at least once in a quarter. In case of clients having outstanding obligations on the settlement date, Sharekhan would be entitled to retain the requisite securities/funds towards such obligations and in addition to the above may also retain the funds expected to be required to meet margin obligations for next 5 trading days, calculated in the manner specified by the exchanges.
click here (Visit Link) to download the mandate for maintaining trading accounts on a running basis which needs to be duly filled and submitted to our branches / sub brokers.
In addition to the above and before submitting both the mandates, you would also need to ensure that;
1. The mandates needs to be executed along with 2 witnesses.
2. Name, trading code /customer id, PAN and the address has to be mentioned on the mandate before submission.
3. All supporting documents submitted need to be self certified and verified with the originals.
4. Both the mandates compulsorily need to be signed only by the respective account holders. Signatures of POA holders would not be considered /accepted.
click here (Visit Link)for a list of our Branches / Sub Brokers.
Following are the details requested on Sharekhan site....I think everybroker would ask these for people who deal in derivatives
Submission of important documentation as per new SEBI guide lines
Dear Customer,
Pursuant to the regulatory changes, submission of the following documentations have been made compulsory for all investors;
1. Physical documentary evidence of financial details for all who opt to trade in the Derivatives Segment.
click here (Visit Link) to download the Derivatives mandate which needs to be duly filled and submitted to any of our branches / sub brokers along with any of the supporting Proof of Income documents mentioned in the column to the right.
Copy of the ITR acknowledgement
Copy of the annual accounts
Copy of Form 16 in case of salary income
Net-worth Certificate duly certified by a Chartered Accountant
Salary slip
Bank Statement for the last 6 months
Depository Account Holding statement
NOTE:
Following conditions would be applicable in case a Depository Account Holding Statement is being submitted.
1. DEMAT statement should necessarily have the valuation of the shares printed on it. In case where only the holdings are mentioned without the valuation then the same should be manually mentioned as on date of submission and should be self attested either by your self or by the concerned Depositary Participant (DP).
2. Demat holding statement being submitted should be of a minimum value of Rs.50,000/- or more.
3. Demat statement can be of any other depositary however in that case you need to be the first holder in that account.
4. In case your average volume in the Derivative Segment exceeds Rs. 10 lacs in a day then the value of the holding should be a minimum of Rs. 2 lacs.
5. Demat statement being submitted needs to be on the Depository Participant’s stationary or any blank stationary which should have the DP stamp on the same. Internet statement will not be accepted.
Following conditions would be applicable in case a Bank Statement is being submitted
1. Bank statement of any last 6 months starting from July 2009 till date can be submitted. The bank statement should be such that it should commensurate with the positions (15% of the total exposure taken by the client) in the derivative segment.
2. The bank statements being submitted must be of consecutive 6 months only.
3. The client should be the first holder in the bank statement submitted.
4. Bank statement being submitted cannot be an internet statement
5. Bank statement being submitted SHOULD be on the bank’s stationary or any blank stationary which should have the banks stamp on the same. Internet statement will not be accepted.
2. Authorization for maintaining trading accounts on a running basis for all customers on a yearly basis.
As per the new norm;
1. All customers are required to renew this mandate on a yearly basis.
2. Customer’s account will be settled at least once in a quarter. In case of clients having outstanding obligations on the settlement date, Sharekhan would be entitled to retain the requisite securities/funds towards such obligations and in addition to the above may also retain the funds expected to be required to meet margin obligations for next 5 trading days, calculated in the manner specified by the exchanges.
click here (Visit Link) to download the mandate for maintaining trading accounts on a running basis which needs to be duly filled and submitted to our branches / sub brokers.
In addition to the above and before submitting both the mandates, you would also need to ensure that;
1. The mandates needs to be executed along with 2 witnesses.
2. Name, trading code /customer id, PAN and the address has to be mentioned on the mandate before submission.
3. All supporting documents submitted need to be self certified and verified with the originals.
4. Both the mandates compulsorily need to be signed only by the respective account holders. Signatures of POA holders would not be considered /accepted.
click here (Visit Link)for a list of our Branches / Sub Brokers.
Thanks for info. I called them last week itself twice. no reply. On friday entered feedback on their website. I was impressed with their website. so went to live chat and told them all this and my requirements. She told someone will call within 24 hours. Still no one has called. May be because of someindividuals whole comapny gets bad name. Can you tell me what to do? can you give any number of your known angel rep.
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| A | global market exposure strategy | Beginners Guide | 1 | |
| A | global market exposure | Beginners Guide | 3 | |
| S | Broker charting data VS global Data feed | Intraday | 0 | |
|
Account Opening Issues in R K Global | Brokers & Trading Platforms | 7 | |
| T | Account Opening issues with RK Global | Brokers & Trading Platforms | 3 |