R K Global Issues!

[kaushikbanerjee]

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......

1) I have not seen any fake in their brokerage charges. At present I trade only FnO with them.

2) No, ODIN doesn't hangs very often. Sharekhan's TradeTiger hangs more. I trade equity with them. But don't go for RKG's website version. It is very very slow.

3) At present I make funds transfer with ICICI bank. But I guess SBI will pose no problem as they are also linked with RKG.

4) RKG is headquartered in Delhi and all correspondence will be done from there.

5) I also prefer to open BSE segment. Not sure of any problem. Nowadays BSE is also OK in online trading.

6) If u have HDFC a/c it will be done in seconds. If other linked banks, then call them after u made the payment. They will credit instantly. For payout, 1-2 days maximum.

 

[nac]

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.

Volume will be low in BSE when compare with NSE. When you gonna trade cash and derivatives, better be with NSE. Wanna trade cash in BSE and derivatives in NSE, if this is your choice.... Fine and good. And you need to pay per order basis or % basis, you can't opt for 999 plan. After all OPINION DIFFERS Kaushik.

 

[kaushikbanerjee]

Volume will be low in BSE when compare with NSE. When you gonna trade cash and derivatives, better be with NSE. Wanna trade cash in BSE and derivatives in NSE, if this is your choice.... Fine and good. And you need to pay per order basis or % basis, you can't opt for 999 plan. After all OPINION DIFFERS Kaushik.

Actually, necessity differs.
999 plan is beneficial only if u trade more than 111 times (@ Rs. 9 per executed segment) in a month i.e. atleast 5 trades per day.

 

[Capricorn]

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.

I get the same from my local broker. and no charges for the platform plus call and trade is free. NO COMMITTMENT.

 

[pritamcnaik]

hey guys please go through the illustration send by rk executive , it will help u understand statutory and Brok in super nine and inditrade@999

 

[alroyraj]

I get the same from my local broker. and no charges for the platform plus call and trade is free. NO COMMITTMENT.

It takes a while and some searching to find a brokerage or more specifically branches where is the RM is reasonable and who builds on the relationship .Its not impossible but hard. And takes time and jumping across alternatives in the process. Platforms are free because most of the time it is Tradeanywhere (eg AnandRathi,Navia,SBI, Canara or NOW (Bezel) Omnitrader etc etc etc) Eventually people end up at RKG so why bother.:thumb: People enquire who has the lowest brokerage but the brokers do not care to reduce. This is worse in some cities like Bangalore. Metros have better rates which explains why people opening accounts in metros long distance. And better to take the cream from whenever it is offered. FnO at RKG , Equity at our local brokerages and Commodities etc etc. Need to be in the market so...

 

[kaushikbanerjee]

I get the same from my local broker. and no charges for the platform plus call and trade is free. NO COMMITTMENT.

But I think your brokerage is not Rs. 9 per order. It is on % basis or something like that. Please clarify.

 

[Capricorn]

But I think your brokerage is not Rs. 9 per order. It is on % basis or something like that. Please clarify.

It is Rs 10.00 :lol: I also have the peace of mind that I can walk into their office to sort out any problem that may occur, or simply drop in and trade/chat from their premises if required. It pays to have a personal relation with your broker. At least thats the way I am comfortable working.Cheers.

 

[kaushikbanerjee]

It is Rs 10.00 :lol: I also have the peace of mind that I can walk into their office to sort out any problem that may occur, or simply drop in and trade/chat from their premises if required. It pays to have a personal relation with your broker. At least thats the way I am comfortable working.Cheers.

Well & Fine. But is there any volume commitment ? What are the segments u trade with RKG ?

 

[Capricorn]

No committments, and if u read my earlier posts I do not trade with RK.