RKSV Securities review

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RKSV Securities Review

RKSV was formed in 2009 by three cofounders—Raghu Kumar, Ravi Kumar and ShrinivasViswanath. Prior to forming the company, Ravi and Raghu ran their own proprietary trading fund in the US before moving to India.RKSV is an India-based financial services company headquartered in Mumbai, India that holds memberships with the NSE, BSE, MCX, and MCX-SX. RKSV is a discount brokerage house that allows retail investors and institutional corporations in India the ability to invest in stocks, futures, options, currencies and commodities at significantly low rates compared to most brokerage houses in India, thereby going against the traditional brokerage model in India.In 2012, RKSV launched India’s first online-only unlimited trading plan geared towards traders that looked to cut down their brokerage costs. This was followed by introducing a flat-fee pay as you go trading plan in 2013. RKSV has also introduced mobile and online trading tools, such as a transparent brokerage calculator that allows individuals to clearly see how much they would profit on a trade after deducting all costs.As of 2014, RKSV is responsible for 4,000 crores in turnover across all exchanges in India which makes up close to 2% of the entire National Stock Exchange’s turnover  From 2012, when it began its retail operations, to 2014, RKSV’s trading volumes have increased from 1,000 trades a month to a million trades.  In April 2014, RKSV launched a variety of new pricing plans, including 5 free trades per month- aimed at increasing investor participation.

RKSV’s Securities Trading Platforms review

RKSV offers trading using the NEST Trading platform. NEST Trading Platform include installable trading terminal, website based trading and mobile trading facility; available for free to all its customers. RKSV do not charge any software uses fee.

Customer can use below ways to trade with RKSV using NEST:

  1. Trading Terminal; The downloadable NEST Trading Platform EXE (Only for Windows OS)
  2. Website based NEST Online trading
  3. NEST Mobile for Android OS

Note: Call & Trade service is also available but at an extra charge.

Account Types RKSV Securities review

RKSV offers different types of brokerage plans to suit customer requirement. A facility is available to mix and match these plans to make your own which is best suited to you.

This plan offers 5 free trades each month, for life and then allow you to trade any number of shares at a flat rate of Rs 20 per executed order. The Rs 20 brokerage is applicable on trades in all segments including Cash (Equities), Futures, Options, Currency Futures and Options, and MCX Futures. You pay flat Rs 20 even if one order has 10 lots on Options. There is no monthly commitments. Also Dream plan customers get intraday leverage of 20x on equities, 2.5x on NSE F&O, 2x on NSE Currency F&O and 2x on MCX Futures.Note that a service tax of 12.36% (Rs. 2.47) is applied to the Rs. 20 per order traded charge. This totals to Rs. 22.47 per trade.

This plan offers unlimited trading on Equity Delivery Based Trades, Equity Intraday Trades, Equity F&O, and Index Futures & Options in NSE Cash, NSE F&O and BSE Cash segments. This plan is the attractive plan for high volume day traders who executes multiple trades a day. This plan is further categorized in three plans:

  • Rs 3,999 Plan

This plan offers unlimited trading on Cash (Equities), Futures and Options segments.

  • Rs 1,999 Plan

This plan offers unlimited trading on NSE Currency Futures and Options segments.

  • Rs 2,999 Plan

This plan offers unlimited trading on MCX Commodity Futures segments.

Key features of RKSV Pro Plan:

    • Pro plan customers get intraday leverage of 20x on equities, 3x on NSE F&O, 3x on NSE Currency F&O and 2.5x on MCX Futures.
    • The fee is only charges during the months you trade. If you don’t trade during a month, you don’t pay.
    • A service tax of 12.36% is applied to the fixed monthly charges.
  • The Ultimate plan (Unlimited trades in all segments at Rs 9999 per month)

This plan offers unlimited trading on NSE Cash, BSE Cash, NSE Futures, NSE Options, NSE Currency Futures, NSE Currency Options, and MCX Futures – all for one, flat monthly fee. This plan is ideal for active traders who trade at least once a day. In this plan customer gets the margin of 20x on NSE and BSE Cash, 4x on NSE Futures, 4x on NSE Options, 4x on NSE Currency Futures and Options and 3x on MCX Futures.Note that a service tax of 12.36% (Rs. 1235.88) is applied to the Rs. 9999 monthly charge. This totals to Rs. 11,234.88.

 

Contact RKSV Securities

Mumbai+91-22-6130-9999

Monday-Friday: 8:00am – 7pm
Saturday: 10:00am – 2pm

212, Trade Centre, BKC,
Bandra (E),
Mumbai – 400 098