R K Global Group of Companies with its presence since 1995, has diversified business in the areas of Equities, Derivatives, Commodities, Currency, Depository, IPO Distribution, Mutual Fund Distribution and Consultancy. They enter in the retail broking business in 2004 under the name R K Global Shares and Securities Ltd. RK Global has a membership in NSE, BSE, MCX, NCDEX, MCX-SX, NSEL& NSDL to provide complete access to financial service.
The company offers its services in over 150 cities and 24 States across India with a strong base of Business Associates.With clear vision of Trust, Transparency & Utmost Client Satisfaction, RK Global is providing e-Trading, DP, IPO & MF, NRI and Research Service.
In this review, we will mainly focus on discount brokerage and platform offered by RK Global for trading in various segments in Indian Stock market.
R K GLOBAL introduced discount online brokerage service in 2006, offering India Trades @ 999 in NSE and BSE Capital Market and Super 9 in NSE and BSE Capital and F&O segment.
One of the best ever observed, RK Global is providing 24* 7 customer service support through their dedicated help desk.Research and tips,Trading call, technical and derivatives reports, market news to its clients either in the form of a written market commentary or research report sent in e-mail, fax form, SMS or through postal or courier service are few of its effective services to its clients.They also have online fund transfer facility from more than 25 banks.
But there is one hitch, RK Global is taking software maintenance charges by use of segment, where maximum online discount brokers are providing this as free tool to its customers.
R K Global is well established and reputed stock broker firm serving wide range of investment products in Indian financial market from long time. Their excellent house research, useful tips and recommendations, high-quality customer service, make R K Global one of the best platform choice for investors new or experienced.
Here we are comparing RK Global with its 5 close competitors on investment options.
|Equity Trading Type||Yes||Yes||Yes||Yes||Yes|
»» Trading Account Opening Charges: Free
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Rs 200
»» Demat Account AMC: Rs 250 PA
RKGLOBAL has diversified plan:
India Trades @999/per month for unlimited trade in NSE and BSE Cash Market segment.
Super 9 - Flat brokerage of Rs 9 per executed order in BSE and NSE Cash Market with 6x against available margin and BSE and NSE F & O Segments.
Commodity Trading in MCX and NCDEX @ Rs 9 per lot.
This flat-rate commission structure is less expensive than other neighbor discount brokers like Zerodha, RKSV, Trade Smart Online and equivalent to SASOnline.Currency Trading in MCX-SX/NSE-CD is available for Rs. 0.99 per lot.
R K Global Shares & Securities Ltd is registered as a Depository Participant with NSDL.They charges Rs 200 for Demat account opening. First year AMC is free which is otherwise 250 Rs per year. Demat account can be linked directly with Trading Account to provide an integrated platform.
Their software maintenance charges are levied per segment which is an extra charges for their customers.
For trading in more than one segment you may have to pay Rs 499 for 2 segments and Rs 599 for 3 segments and so on which looks like a deal that broker wants to offer to its clients. Check with broker for more details.
Call and Trade facility is available for extra pay on per executed order basis. Physical copies of contract note is charged at Rs. 30/- per contract.Trading Brokerages
1. RKGlobal 9 Rs Plan
2. RKGlobal Monthly/Yearly/Ultimate plan
For STT, Stamp Duty, Service Tax and SEBI Charges please refer the Brokerage Charges tab.
For complete brokerage charges and trading plans detail please visit RK Global Brokerage Charges.
Here we are comparing RK Global with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Discount Broker||Full Service Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||Rs 9||0.1 to 0.5%||Rs 10||Rs 20||Rs 20|
|Account Type||2 in 1||2 in 1||2 in 1||2 in 1||2 in 1|
|Equity Delivery||Flat Fee Rs 9||0.5% or 50 paisa||Flat Fee Rs 10||Free||0.2% or Rs 20 whichever is lower|
|Equity Intraday||Flat Fee Rs 9||0.1% or 10 paisa||Flat Fee Rs 10||0.01% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Futures||0.01% or Rs 20 whichever is lower||0.1% or 10 paisa||Flat Fee Rs 10||0.01% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||Flat Fee Rs 9||2.5% of Premium or Rs 250 per lot whichever is high||Flat Fee Rs 10||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||Flat Fee Rs 20||0.1% or 10 paisa||Flat Fee Rs 10||Flat Fee Rs 20||Flat Fee Rs 20|
|Currency Futures||Rs 9 Per Lot||0.1% or 10 paisa||Flat Fee Rs 10||0.01% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Currency Options||Flat Fee Rs 9||2.5% of Premium or Rs 30 per lot whichever is high||Flat Fee Rs 10||Flat Fee Rs 20||Flat Fee Rs 20|
Please refer unique and accurate RK Global Brokerage Calculator
For online trading with RK Global, investor has to open 2-in-1 account(Trading and Demat). Following are the ways to open an account with RK Global:
A client can trade with R K Global using their Trading Terminal RKG Diet ODIN which is 10 x setup high speed software with features like live streaming quotes, continuous and historical charts with 63 technical indicators, integrated market watch along with alert facility also integrated with back office to access account information.
RKG Net.Net is a trading website for fast, easy and accessible online trading with same features as their trading terminal.
Diet ODIN-based application iWIN can be downloaded on mobile for trading in NSE, BSE, MCX and MCX-SX Segments.
There is one more app from NSE NOW named “RKG mobile Trading” which can be downloaded on your smartphones with Android 2.2 and above, Blackberry OS, iOS 4 and above for trading in NSE Cash,F&O and Currency segment.
Trading can be executed in NSE Capital Market through their web based and Diet ODIN internet trading system only. For trading in BSE Capital Market, you have to use either of the three trading platforms available with broker i.e. Web Based,Diet ODIN or Mobile trading app.
For detail review of mobile app and download please visit RK Global Trading Platform Review.
Here we are comparing RK Global with its 5 close competitors on Trading Platform.
|Android Tablet App||Yes||Yes||Yes||Yes||Yes|
|Android Mobile App||Yes||Yes||Yes||Yes||Yes|
|iPhone App (iOS Mobile App)||Yes||Yes||Yes||Yes||No|
Like all brokers, there is room for improvement for R K Global too.Despite R K Global's shortcomings with charging for trading tools and lacking in training and education, the broker is fantastic for option and discount trading and with time should only become a better all-around broker.
If you like what you have read and want to start trading, leave your contact information with us and we will guide you.