Nirmal Bang Vs RMoney (Compare Nirmal Bang and RMoney)

The side-by-side comparison of Nirmal Bang and RMoney. Compare Nirmal Bang Vs RMoney brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Nirmal Bang vs RMoney?


Nirmal Bang
Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kishore Bang. Nirmal Bang offers trading services in equities, derivatives, commodities and currency. Stock trading is offered to retail clients through multiple channels including online trading in the BSE and the NSE. In addition to those services, the... Know more about Nirmal Bang Securities Pvt Ltd


RMoney
Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds and Corporate FDR's. Raghunandan Money is a member of NSE, BSE, MCX, NCDEX, and CDSL. The company is among the top 5 commodity brokers in India. It contributes over 8% of NCDEX daily turnover and over 4% of MCX turnover. It has a strong presence in... Know more about Raghunandan Capital Pvt Ltd

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Nirmal Bang Vs RMoney

Incorporated in 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 branches across India. Incorporated in , RMoney is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has branches across India.

  Nirmal Bang RMoney
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE, MCX, NCDEX, NMCE BSE, NSE, MCX, NCDEX
Account Type Basic Plan Zero Brokerage Plans
Year of Incorporation 1986
Number of Branches 2000
Broker Enquiry Open an Online Trading Account with Nirmal Bang. Leave your contact info and we will get in touch with you. Open an Online Trading Account with RMoney. Leave your contact info and we will get in touch with you.
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Nirmal Bang Vs RMoney Charges & AMC

Nirmal Bang trading account opening charges is ₹0 while RMoney account opening changes is ₹199. Nirmal Bang Demat Account AMC Charges is ₹200 and RMoney Demat Account AMC Charges is ₹0 for lifetime (Free).

  Nirmal Bang RMoney
Trading Account Opening Charges ₹0 ₹199
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹0 ₹0 (Free)
Demat Account AMC Charges ₹200 ₹0 for lifetime (Free)
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Nirmal Bang Vs RMoney Brokerage Charges & Plans

Nirmal Bang Vs RMoney Brokerage

Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02% whereas RMoney brokerage charges for equity is ₹0 (Free) and intraday is ₹18 per executed order or .01% whichever is lower.

  Nirmal Bang RMoney
Account Type Basic Plan Zero Brokerage Plans
Fixed Charges NA
Equity Delivery Brokerage 0.2% ₹0 (Free)
Equity Intraday Brokerage 0.02% ₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.02% ₹18 per executed order or .01% whichever is lower
Equity Options Brokerage ₹35 ₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.02% ₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹20 ₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.01% ₹18 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage
Special Offer
Special Offer: RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

Nirmal Bang Vs RMoney Brokerage Plan 2

  Nirmal Bang RMoney
Account Type Basic Plan Happy Service Plan
Fixed Charges NA NA
Equity Delivery Brokerage 0.2% 0.10% to 0.40%
Equity Intraday Brokerage 0.02% 0.01% to 0.04%
Equity Futures Brokerage 0.02% 0.005% to 0.02%
Equity Options Brokerage ₹35 ₹20 to ₹80 per lot
Currency Futures Trading Brokerage 0.02% 0.005% to 0.02%
Currency Options Trading Brokerage ₹20 0.005% to 0.02%
Commodity Futures Trading Brokerage 0.01% 0.005% to 0.02%
Commodity Options Trading Brokerage
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Nirmal Bang Charges Vs RMoney

Minimum Brokerage Charges ₹0
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment
Call & Trade Charges ₹0 (Unlimited Calls)
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Nirmal Bang Vs RMoney Transaction Charges

Nirmal Bang transaction charges for options is ₹5700 while RMoney exchange transaction charges for options is NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%).

  Nirmal Bang RMoney
Equity Delivery ₹390 NSE ₹325 per crore | BSE ₹275 per crore (0.00275%)
Equity Intraday ₹390 NSE ₹325 per crore | BSE ₹275 per crore (0.00275%
Equity Futures ₹240 NSE ₹250 per crore | BSE ₹110 per crore (0.0011%)
Equity Options ₹5700 NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%)
Currency Futures ₹240 NSE, BSE - ₹150 per crore (0.0015%)
Currency Options ₹5700 NSE, BSE - ₹7500 (on premium) per crore (0.075%)
Commodity ₹250 MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%)
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Nirmal Bang Vs RMoney Leverage (Margin)

Nirmal Bang provides the margin of Upto 4x for intraday trades whereas the RMoney margin for intraday cash is 20x (5%) (Intraday Only).

  Nirmal Bang RMoney
Equity Delivery upto 10x Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5)
Equity Intraday Upto 4x 20x (5%) (Intraday Only)
Equity Futures Upto 4x Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)
Equity Options Upto 2x for shorting Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
Currency Futures Upto 2x for shorting Intraday - 100X (1%)
Currency Options Upto 3x Intraday - 100X (1%)
Commodity Futures Upto 3x Intraday - 77X (1.3%)
Commodity Options
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Compare Nirmal Bang and RMoney Features

The trading platforms offered Nirmal Bang include Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App. RMoney offers RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) trading software.

  Nirmal Bang RMoney
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time 3:15 Equity 3:15 PM
Other Features
Referral Program
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Nirmal Bang Vs RMoney Review

Nirmal Bang is rated 2.5 of 5 based on 16 customer reviews whereas RMoney is rated 4.0 of 5 based on 3 customer reviews.

  Nirmal Bang RMoney
  16 Customer Reviews    Rate Nirmal Bang 3 Customer Reviews    Rate RMoney
Fees 3.8 4.7
Trading Brokerage 3.4 4.7
Trading Platform Usability 2.6 4.3
Customer Service 2.3 4.0
Research Capabilities 2.5
Overall Ratings Rated 2.5 stars Rated 4.0 stars
Broker Rating Nirmal Bang is rated 2.5 of 5 based on 16 customer reviews RMoney is rated 4.0 of 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  Nirmal Bang Enquire RMoney Enquire
Contact Broker

Leave your contact information and we will get in touch with you....

RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

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Nirmal Bang Vs RMoney Investment Options

  Nirmal Bang RMoney
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Corporate FD, Life Instance, General Insurance
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Nirmal Bang Vs RMoney Order Type Offered

  Nirmal Bang RMoney
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
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Nirmal Bang Vs RMoney Research Report

  Nirmal Bang RMoney
Daily Market Report Yes Yes
Free Tips Yes No
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Nirmal Bang Vs RMoney Suitable For Investor Type

  Nirmal Bang RMoney
Casual Investor Yes Yes
Active Investor Yes
Trader Yes
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Nirmal Bang Vs RMoney - Pros and Cons

  Nirmal Bang RMoney
Pros
  1. Low bandwidth option for anywhere access
  2. Free research report subscription
  3. 24X7 access to back-office
  4. Instant Fund transfer
  5. Multiple market watch facility with streaming quotes (Live Market Rates*)
  6. Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis
  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.
Cons
  1. Nirmal Bang doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
  4. Instant Fund withdrawal is not available
  5. Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.
  1. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.
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Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat ₹18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.

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