R K Global Issues!

[anant_agrawal]

HI FRIENDS..............

i am going to open a new accont with rk global......so that i hv some queries......
plz plz plz help me to answer them at all.............

1 ) is there any fake about there brokerage....

2 ) is odin hangs all the time, because now i am using reliance money and there super trade software is the worst....the login in super trade is so difficult.....if there is any newbie is going to open account with reliance money...so dont ever try to think about this life changing mistake....

3 ) fund transffer and withdraw, with sbi online is easy or difficult.....if it is not easy then with which bank , i can do it easyly........

4 ) i am not in mumbai , and there representatives are getting me forced to open accout in delhi branch.....is there any chances to any kind of fraud with my hard earned money......

5 ) i am going to choose... bse segment & nse f&o segment.......is it right, because
all nse stocks belongs to bse......

6 ) how much time it willl take in funds transfer and withdrawl......

plz u great experienced peoples help me about the same..........

thanks everybody in advance......

 

[$ashpats$]

View attachment 14646

Please view the latest trade done on Rk Global Web version.
Web version is little bit slow but affordable.
I had tried small trade with 1 lot of nifty buy & sale.

Attachment is in zip file as Traderji is not accepting html format which are regular for contract notes.

This trade is done on 16-06-2010.
I hope this will help in clearing doubts many peoples who are opting for RKG for low brokerage.

Below is Summary part of above attachment for quick reference.

Order No Order Time Trade No. Trade Time Contract Specification Buy/ Sale Qty Gross Rate Per Security Total Brokerage Total Service Tax STT
2010061654045312 13:41:44 50660543 13:41:47 OPTIDXNIFTY24JUN2010 - 5300.00 - CE Buy 50 22.00 -1100.00 9.00 0.93
2010061654794151 14:28:14 50787173 14:28:14 OPTIDXNIFTY24JUN2010 - 5300.00 - CE Sale -50 25.50 1275.00 9.00 0.93


Your Account has been debited towards :-
Service Tax of Brokerage Rs. 1.86
Transaction Charges Rs. 1.69
Service Tax on Transaction Tax 0.17
Stamp Duty Rs.: 1.00
Service Tax on Stamp Duty Rs.: 0.00
STT Rs. 0.00
Amount Rs. 152.28







Thanks :clap:

AshPats

 

[$ashpats$]

HI FRIENDS..............

i am going to open a new accont with rk global......so that i hv some queries......
plz plz plz help me to answer them at all.............

1 ) is there any fake about there brokerage....

2 ) is odin hangs all the time, because now i am using reliance money and there super trade software is the worst....the login in super trade is so difficult.....if there is any newbie is going to open account with reliance money...so dont ever try to think about this life changing mistake....

3 ) fund transffer and withdraw, with sbi online is easy or difficult.....if it is not easy then with which bank , i can do it easyly........

4 ) i am not in mumbai , and there representatives are getting me forced to open accout in delhi branch.....is there any chances to any kind of fraud with my hard earned money......

5 ) i am going to choose... bse segment & nse f&o segment.......is it right, because
all nse stocks belongs to bse......

6 ) how much time it willl take in funds transfer and withdrawl......

plz u great experienced peoples help me about the same..........

thanks everybody in advance......

Hey please view this
http://www.traderji.com/brokers-trading-platforms/21449-r-k-global-issues-93.html#post445447

Ashpats

 

[nac]

i am going to open a new accont with rk global......so that i hv some queries...... plz plz plz help me to answer them at all.............
1 ) is there any fake about there brokerage....
2 ) is odin hangs all the time, because now i am using reliance money and there super trade software is the worst....the login in super trade is so difficult.....if there is any newbie is going to open account with reliance money...so dont ever try to think about this life changing mistake....
3 ) fund transffer and withdraw, with sbi online is easy or difficult.....if it is not easy then with which bank , i can do it easyly........
4 ) i am not in mumbai , and there representatives are getting me forced to open accout in delhi branch.....is there any chances to any kind of fraud with my hard earned money......
5 ) i am going to choose... bse segment & nse f&o segment.......is it right, because all nse stocks belongs to bse......
6 ) how much time it willl take in funds transfer and withdrawl......

2) No, ODIN doesn't hangs every now and then. In fact, I haven't seen much problem with ODIN in my 1+ month experience in using ODIN. But feeds are lagging.
3) HDFC will do good.
4) If you are in Mumbai, better open account in Mumbai HO.
5) If you trade BSE stocks, fine. If you're gonna trade same stocks which are listed in NSE, better leave BSE and open NSE cash and derivatives.
6) Fund transfer from our HDFC a/c to RKG will do in seconds. Withdrawal will take two days, I guess. (I haven't withdrawn any money till date, So I am not sure about this)

 

[anant_agrawal]

2) No, ODIN doesn't hangs every now and then. In fact, I haven't seen much problem with ODIN in my 1+ month experience in using ODIN. But feeds are lagging.
3) HDFC will do good.
4) If you are in Mumbai, better open account in Mumbai HO.
5) If you trade BSE stocks, fine. If you're gonna trade same stocks which are listed in NSE, better leave BSE and open NSE cash and derivatives.
6) Fund transfer from our HDFC a/c to RKG will do in seconds. Withdrawal will take two days, I guess. (I haven't withdrawn any money till date, So I am not sure about this)

thanking u very much nac
for ur valuable time....

can u still answer my one more question that.....i live in madhya pradesh....and there is no branch in my city....and they are forcing me to open account from mumbai branch.......so that i am little bit confused that
all the funds transfer transaction will be done online so that is there any possibility to fraud with my hard earned money.....
plz answer me frnd

thanks in advance

 

[Capricorn]

I would prefer to interact with a local broker. Whats compelling u to go for someone who does not operate in your city??

 

[alroyraj]

I would prefer to interact with a local broker. Whats compelling u to go for someone who does not operate in your city??

Many people here have taken RK Global accounts from Kolkata or Mumbai or Chennai. Even when the franchise is in their city because people want an account at the branch of RKG they open accounts out of the city. The brokerage is so compelling esp when the market is range bound .How much more when it moves in trends.
People open at RKG for intraday usually with no overnight positions. The investment account is still held at the local broker office.And multiple trading accounts is a reality today for the various benefits-cost-limitations tradeoffs.
Not only RKG but even in commodities people trade through Bangalore brokerage when they are as in Mangalore. This was common among HNIs only now it is spreading to retail traders.

 

[nac]

thanking u very much nac
for ur valuable time....
can u still answer my one more question that.....i live in madhya pradesh....and there is no branch in my city....and they are forcing me to open account from mumbai branch.......so that i am little bit confused that all the funds transfer transaction will be done online so that is there any possibility to fraud with my hard earned money..... plz answer me frnd

Yeah, they don't have branch in your place. If you don't wanna open your a/c with mumbai branch, open with other branch which is near by you/the branch you feel comfortable with...
Most of RKG clients wouldn't be in the place where their account is. Think and decide.

 

[kaushikbanerjee]

2) No, ODIN doesn't hangs every now and then. In fact, I haven't seen much problem with ODIN in my 1+ month experience in using ODIN. But feeds are lagging.
3) HDFC will do good.
4) If you are in Mumbai, better open account in Mumbai HO.
5) If you trade BSE stocks, fine. If you're gonna trade same stocks which are listed in NSE, better leave BSE and open NSE cash and derivatives.
6) Fund transfer from our HDFC a/c to RKG will do in seconds. Withdrawal will take two days, I guess. (I haven't withdrawn any money till date, So I am not sure about this)

Why? Since RKG charges for its ODIN seperately for BSE & NSE, I also prefer to open account in BSE only as all stocks of NSE are also listed in BSE PLUS many smaller scrips in BSE.
I have traded in Infosys & RIL in BSE through Sharekhan earlier. Faced no problem in execution.

 

[kaushikbanerjee]

thanking u very much nac
for ur valuable time....

can u still answer my one more question that.....i live in madhya pradesh....and there is no branch in my city....and they are forcing me to open account from mumbai branch.......so that i am little bit confused that
all the funds transfer transaction will be done online so that is there any possibility to fraud with my hard earned money.....
plz answer me frnd

thanks in advance

They have franchisee in Madhya Pradesh. But it is better to open account in branch. In case of fraud u will not get any help from your local office. RKG is headquartered in Delhi now and all correspondence will be done from there wherever they are registered. Regularly check back office to avoid fraud. Otherwise fraud may take place in Indiabulls also.

Instead of Local Office, it is better to open account with broker who are headquartered in your city. Bcoz if u want to file case (this is the only solution in dispute) u can stay in your city. In terms & conditions of all brokers, they say all legal disputes are subject to jurisdiction of Bombay High Court, Calcutta High court, etc (wherever they are registered).