Upstox - RKSV - Trade in Rs 20 Max

[RKSV]

Just gives Unlimited and Dream Plan options. Is the Currency 999 plan included in Unlimited plan?

Currency 999 is an unlimited plan. So the unlimited plan option applies for currency.

 

[project2in]

All broken down in our calculator. Here's an example: http://rksv.in/calculator.php?t=0&p_0=5&q_0=500&b_0=57.57&s_0=57.5800&

Stamp Duty column is corrected in the calculator. Now it's only 100 per crore. Thank You for rectifying it instantly.

Wishing you All the Best for your new endeavor in Commodities.

Prakash.

 

[RKSV]

I could not see the margin requirements of commodities in the download section. When are you planning to update this? We would need to know this information too, whether we have a different margin for intraday or delivery!!!

Margin rates updated on our dropbox: https://www.dropbox.com/sh/000ebfc8vkgsc1p/XMM0EIdHYN/Margin%20Limits

 

[neo1599]

Sending a courier of the documents for account opening. CDS segment, Currency 999 plan.

Please let me know the process after this and the time required. I am in Delhi, still need to send it to Mumbai or should I send to Del office?

Would appreciate if someone from your office can contact.

I had a couple of problems with regard to the documents such as the bank account pass book or statement having name mentioned. This is not available with me. The passbook is updated only till March 2013, will this be a problem?

What does: "account having sufficient balance" imply? I hardly keep money in the account only when required for clearing purposes.

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Just saw the margin requirement doc posted above. So to trade USD/INR 1 lot margin required at time of opening is 1.75% and subsequently 1% for holding as per contract, am I missing something here. Why would I give such a high margin? Span + Min. Margin = Margin? Confused

Incase of margin calls do you guys intimate clients or is it completely dependent on client only to check the margin?

Would appreciate a little input from people already trading currencies with RKSV, DSM a little help bro.

Thanks

 

[DSM]

Neo,

You can open the account with RKSV by online video conferencing + sending scanned docs. online. RKSV is strict about documentation process, and requires id proof with address as is case with most brokers. You will get a quick response to your queries no doubt, and opening an account should not be a problem. However regards to margin requirements, don't expect any flexibility. They are quite conservative in this regard. BTW I do not trade currencies - yet. So can't comment on that.

Good luck.

Sending a courier of the documents for account opening. CDS segment, Currency 999 plan.

Please let me know the process after this and the time required. I am in Delhi, still need to send it to Mumbai or should I send to Del office?

Would appreciate if someone from your office can contact.

I had a couple of problems with regard to the documents such as the bank account pass book or statement having name mentioned. This is not available with me. The passbook is updated only till March 2013, will this be a problem?

What does: "account having sufficient balance" imply? I hardly keep money in the account only when required for clearing purposes.

----------------------------

Just saw the margin requirement doc posted above. So to trade USD/INR 1 lot margin required at time of opening is 1.75% and subsequently 1% for holding as per contract, am I missing something here. Why would I give such a high margin? Span + Min. Margin = Margin? Confused

Incase of margin calls do you guys intimate clients or is it completely dependent on client only to check the margin?

Would appreciate a little input from people already trading currencies with RKSV, DSM a little help bro.

Thanks

 

[RKSV]

Sending a courier of the documents for account opening. CDS segment, Currency 999 plan.

Please let me know the process after this and the time required. I am in Delhi, still need to send it to Mumbai or should I send to Del office?

Would appreciate if someone from your office can contact.

I had a couple of problems with regard to the documents such as the bank account pass book or statement having name mentioned. This is not available with me. The passbook is updated only till March 2013, will this be a problem?

What does: "account having sufficient balance" imply? I hardly keep money in the account only when required for clearing purposes.

----------------------------

Just saw the margin requirement doc posted above. So to trade USD/INR 1 lot margin required at time of opening is 1.75% and subsequently 1% for holding as per contract, am I missing something here. Why would I give such a high margin? Span + Min. Margin = Margin? Confused

Incase of margin calls do you guys intimate clients or is it completely dependent on client only to check the margin?

Would appreciate a little input from people already trading currencies with RKSV, DSM a little help bro.

Thanks

Hi neo,

For courier, send it to our to Mumbai office. The next step would be an in person verification using webcam.

If you can come to our Delhi office, you can drop it off there and there will be no need for web cam verification.

Regarding your passbook, send us a scanned copy of what you intend to send to [email protected]. We will take a look and let you know if it will work or not. The rule is to ensure that it shows you are financially stable. Many times clients will send a recently updated passbook for six months but it shows only 2-3 transactions of a few rupees each -- that's why we added that line.

Send us an email to [email protected] with your supporting docs and a contact # and we'll sort it out for you.

 

[RKSV]

New reply to an old topic... market orders are back with NEST for MCX. Going to implement them on the other segments once we migrate our users there too.

 

[DataRam]

New reply to an old topic... market orders are back with NEST for MCX. Going to implement them on the other segments once we migrate our users there too.

Things are picking up speed . :thumb:

 

[RKSV]

Things are picking up speed . :thumb:

Thanks!

Also, we've integrated with GDFL for NSE NOW. http://rksv.in/tools.php and http://www.globaldatafeeds.in/global_datafeeds-offer_to_rksv_users.html for those who are into trading with AmiBroker.

 

[DataRam]

@ RKSV ,

A query regarding a scenario in an Option trade !!

If I have bought a Banknifty ITM Put and after a big fall in the market it becomes a Deep ITM then the spread between the Bid & Ask becomes very large . Almost it seems that as a seller I am unable to find a buyer at a reasonable price keeping my profit intact. The spread is so large that I don't want to compromise with my profit. If I don't close the trade[in this case sell the option]till Expiry then what will be the scenario after expiry for me [assuming that the market remains subdued and my deep ITM Put still has a big spread in Bid & Ask].

Generally I close my trades within a stipulated time or if the target is met . But I want to be clear about this scenario as this situation may warrant to compromise a lot on the profit front.

Thanks.