Upstox - RKSV - Trade in Rs 20 Max

[RKSV]

Good Job RKSV,
Things looking better. Redo Undo working as it should, Fibonacci looking awesome.

Though there is a long road ahead, but looks like we are on the right path.

Also there are few bugs (there has to be). But I won’t list them here this time; instead I have decided to focus on getting it “intraday trade ready” first.
Then we can move on towards fine tuning, bug squashing etc.

Few things:-
1. Pls add “option” of 3 min and 15 min time frame on charts.

2. Pls add unified marketwatch for INDEX as well as Stocks.
3. Index charts.

4. We need ability to add/delete and sort columns of Marketwatch just like you have in “Holdings/Position” segment (Or like we do in RKSV NEST).

5. Pls add “Option” of ‘day break’/ ‘day separator’ line.
6. Pls add “Option” of ‘Zero’ line (“Previous close level”).

7. Pls add “Option” of overbought/oversold user defined levels lines. (Example: 80/20 or 70/30 etc.), we need them.

Regards

Thanks id4trade. Those are a good number of requests :thumb:

1 - Custom intervals will take some time. We're coming up with a better version of OHLC in two-three weeks. Not custom intervals but more realtime OHLC.

2. Thought of this before. There are some usability issues on this based on some feedback that we got from users. We will get back to it after adding some more features.

3. Coming right up

4. Yep. Brought up on our Android platform too. We're doing a slight overhaul to our UI windowing system in the coming weeks. That will let the platform be much more flexible. Once that comes into place, we can customize the crap out of each widget

5, 6 & 7. Nice points. Added to the roadmap.

Thanks for taking the time on listing the requests out!

 

[dkjoshipune]

what is RKSV?

 

[OneThatGotAway]

In web beta version

Idk if it;s just me .. when mouse goes on chart it gets laggy like mouse takes 3-4 sec to respond..in upstoc pro
i hav recent version of java and flash installed



And would it be possible to display live change in open interest for option in upstock box ?

and my screen resolution is 1024*768
upstock box should be auto able to resale.right now it cuts half view.
Another suggestion is when u laod chart it must display latest time i have to click >> that arrow buttom currently to see latest price in chart

ty again once final version is released it be excellent tradeding platform
Evil smile i am still tring to figure how do do save quotes as csv file from upstock box ^^
right clicking start only has remove chat open can u add save as csv in there

Lol i know i be pain if i ask u guys how about Upstock to Amibroker bridge lol

 

[megapixel]

First of all , RKSV...please make live candle update on Daily chart.

you know , Its now 11.30 PM ...I still don't find today's candle on the Daily chart......its pathetic.


How many days you require to do live candle update on Daily chart ?

 

[id4trade]

 

[earth]

Had raised query on (i) why was less margin being allocated against pledged shares & (ii) credit of bonus shares of pledged securities. Your representative Mr Shailesh had called, but did not have clarity on the issue & informed that he would call back after due clarifications. After some time recv mail stating "As per the confirmation from our representative, we understand that all your queries were resolved satisfactorily.". Really, so RKSV first has untrained staff who calls & on not being able tor resolve, closes the query. WAY TO GO

Hey Earth,

Extremely sorry if you were not answered to your queries. Can you post the ticket number here so that we can track your phone number and call you and help you with your queries? You can PM us your details too.

Ticket No : 185519

The initial complaint was logged on 20/06 ie 8 days back. Seems the issue wrt margin & Demat operation is BEYOND THE SCOPE of RKSV abilities to answer & resolve.

Am getting to know the true capabilities of RKSV & why was advised against opening an account with them.

 

[Punter786]

Dear RKSV,

Your leverage is similar to Zerodha. But on Brexit day you allowed trading without any changes. So did you put yourself on systemic risk by doing so?! I believe you would definitely have thought about it since you are among the two very highly professional company I know on this forum.

Only an insider can tell why few brokers remove leverage completely in these type of situations whereas many others don't. And bizarrely on upper circuit day they don't remove the leverage. A broker said in its response that brokers giving leverage on days like that are irresponsible and reckless as they are taking "systemic risk". As far as I know no reputed Indian broker went belly up even post Lehmann. Therefore what is the reason behind allowing or not allowing leverage on these rare days? Is it really safe or not?

Thanks

Regards

 

[creepisback]

Dear RKSV,

Your leverage is similar to Zerodha. But on Brexit day you allowed trading without any changes. So did you put yourself on systemic risk by doing so?! I believe you would definitely have thought about it since you are among the two very highly professional company I know on this forum.

Only an insider can tell why few brokers remove leverage completely in these type of situations whereas many others don't. And bizarrely on upper circuit day they don't remove the leverage. A broker said in its response that brokers giving leverage on days like that are irresponsible and reckless as they are taking "systemic risk". As far as I know no reputed Indian broker went belly up even post Lehmann. Therefore what is the reason behind allowing or not allowing leverage on these rare days? Is it really safe or not?

Thanks

Regards

3 in the last two years, Unicon, Orion, Kassa. Orion I had friends from Cochin trading. They used to allow trading in Gold mega with just Rs 10000. When gold hit circuit down 3 days in a row, they disappeared. http://insiderview.comparebrokerages.in/orion-broking-bankruptcy-lesson-to-learn/

 

[Punter786]

3 in the last two years, Unicon, Orion, Kassa. Orion I had friends from Cochin trading. They used to allow trading in Gold mega with just Rs 10000. When gold hit circuit down 3 days in a row, they disappeared. http://insiderview.comparebrokerages.in/orion-broking-bankruptcy-lesson-to-learn/

Errr. I was referring to "reputed Indian broker" and highly volatile days of year 2008-09. I have not heard the name of last two brokers so cannot comment. The first one I think did some kind of scam. Educate me if you know a case where an Indian broker suffered due to high leverage and high volatility.

There might be one or two exceptional cases given the size of this industry - and perhaps they too would have suffered to their own fault related to RMS or oversight etc. But on the whole it is praiseworthy that these guys survived frantic days of 2008-09, this is when brokers in USA went bankrupt.

 

[RKSV]

Dear RKSV,

Your leverage is similar to Zerodha. But on Brexit day you allowed trading without any changes. So did you put yourself on systemic risk by doing so?! I believe you would definitely have thought about it since you are among the two very highly professional company I know on this forum.

Only an insider can tell why few brokers remove leverage completely in these type of situations whereas many others don't. And bizarrely on upper circuit day they don't remove the leverage. A broker said in its response that brokers giving leverage on days like that are irresponsible and reckless as they are taking "systemic risk". As far as I know no reputed Indian broker went belly up even post Lehmann. Therefore what is the reason behind allowing or not allowing leverage on these rare days? Is it really safe or not?

Thanks

Regards

Hey Punter786,

We had multiple risk systems checking our levels at all times. Our RMS guys were on high alert during that day. We also check our margin levels with the exchange to ensure that we have enough balance.

Also, if any individual trader hits their MTM limit, they get squared off anyways. This protects the rest of the users. Additionally, more and more traders use CO/OCO orders while trading which naturally reduces the risk of their positions. We don't want to restrict them from using these advanced order types when they come with stop losses.

Now if we were to get close to our limits at a broker level, we can always push more cash intraday to cover the margins. And worst case, we can increase margin limits on intraday which is what you may have seen other brokers do.

We closely monitored the markets that day. The index dropped quite a bit in the morning but the price drop was predicted after seeing SGX Nifty and Pre Open markets. It was well within our bounds so we didn't see the need to reduce margins. Throughout the day, there wasn't a whole lot of swings after that either.

Hope that helps.

Thanks,