Originally Posted by priyanvada

I had a talk with RK Global ... They said ... 1. The 999/- scheme is only for BSE and NSE and not for MCX. For MCX one is charged 9Rs. per lot (irrespective of the size of lot like gold mini(100gms) or gold(1kg) ) ... this attracts me a lot. 2. Limit is 4 to 6 times max depending upon the volatility of the security. 3. As a supportive terms to no giving "10 times than my capital" limit for intraday trading, they said A. It is dangerous to trade with such limit B. You will auto squared off on losing side at some point C. Whosoever who give you 10 times capital intraday limit, they charge you the "Interest on this 10 times limit" and thus you suffer. 4. Another charge is "software maintenance charge" which is Rs.299/- month but only for single segment... which I am not happy at all 5. there are some "special Charge" which also I am not happy at all... A.Call and Trade facility shall be charged at Rs. 25 per call B. Physical copies of contract note shall be charged at Rs. 30 per contract. Courier charges extra. but I don't want this physical copies. 6.Auto square off on Intraday trades will commence at 3:15 pm on regular market trading hours So far so good ....

Good post.

Now if i m allowed let me clear few doubts if u have.

While trading with NSE Derivatives / MCX / NCDEX , it doesnt matter whatever the leverage others r providing. RKglobal is charging the standard margin required by the exchanges. Which is normally not more then 10% in case of MCX. (normally its at 5%).

Each broker is having their own terms and conditions to work. 4-6 time leverage is sufficient for a day trader if one is trading in cash market. So, I really dont find any problem there.

Auto Sq off will be done on ur order type and also on available margin in ur account. Till the date none of my order got auto sq off at 3:15 for NSE nor at 23:30 for MCX.

About Call and Trade charges. There r not charges if the problem is from broker side, also its allowed in certain or rare cases if ur track record is good. This type of terms r set for those who takes advantage of scheme to trade from home and then pass on trading to dealers. U can always have an offline client account for the same if one wants to trade using his phone.

Odin charges. There r many firms who r charging for Diet Odin. Each and every broker has to pay to Financial Technology for each odin diet they provide to their online clients. Now catch is , other brokers r passing it on to the clients indirectly by charging them higher brokerage, while RKG offering cheapest brokerage so they r passing it onto clients directly.

And now lets digg out JustTrade offer.

Just trade is offering u a web based trading platform. Web based trading platforms r not viable for a day trader unless ur really a lazy trader. Odin diet is 1000 times faster in placing orders.
Also i would like to add here. Just trade is available in selected cities only so far when i spoke with their RM recently.
And yes , RKGlobal also offers web based trading platform which will cost u 99 RS per month.

And on final note : I dont mean to promote any particular company over here. I'm just sharing my own experience. Decision is upto end user.

Darshiit

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Originally Posted by priyanvada

A.Call and Trade facility shall be charged at Rs. 25 per call

They wrote this in their site...but till date they haven't charged me anything for call n trade.Only their Odin Diet is a bad instrument to track ticking of market with several disconnections.But the good point is one can trade smoothly through all these broadcast server disconnections.Trade orders don't get interrupted during these disconnections.

Originally Posted by hari09omkar

They wrote this in their site...but till date they haven't charged me anything for call n trade.Only their Odin Diet is a bad instrument to track ticking of market with several disconnections.But the good point is one can trade smoothly through all these broadcast server disconnections.Trade orders don't get interrupted during these disconnections.

I dunno why people r facing disconnection issues. None of my client has complained me so far regarding this. May be proper registry may solve this issue. Will forward this querry to concern dept.

Darshiit

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Originally Posted by Darshiit

I dunno why people r facing disconnection issues. None of my client has complained me so far regarding this. May be proper registry may solve this issue. Will forward this querry to concern dept. Darshiit

It disconnects when market moves fast(spike moves)..But nowdays ,that too reduced a lot.

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It is very stable since couple of Months. Very few times Broadcast Server disconnections. As Hari said......Order modification works even then.

Earlier it used to be total disconnection and one had to ReLogin.

Originally Posted by pakatil

It is very stable since couple of Months. Very few times Broadcast Server disconnections. As Hari said......Order modification works even then. Earlier it used to be total disconnection and one had to ReLogin.

Yes exactly.

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rkg down for sometime now.if ok now ?somebody pl confirm..

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guys,charges at rk global is too high...only brokerage is low...but exchange charges and other charges are high...

Originally Posted by ddilipkumar

guys,charges at rk global is too high...only brokerage is low...but exchange charges and other charges are high...

Hi hari09omkar ,

What account do u have as they haven't charged u any charge for dial and trade.
They have charged me for using
Call and Trade facility at Rs. 25 per call

PravinBidoo