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RMoney Vs iTradeOnline (Compare RMoney and iTradeOnline)

The side-by-side comparison of RMoney and iTradeOnline. Compare RMoney Vs iTradeOnline brokerage, charges, exposure margin, demat account. Read iTradeOnline and RMoney review.

Find out RMoney Vs iTradeOnline which is better and RMoney Vs iTradeOnline which is best.

Our Raghunandan Capital Pvt Ltd comparison with iTradeOnline by Trustline highlights the major differences between two brokers. Find the best between RMoney and iTradeOnline.

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RMoney Vs iTradeOnline

  Raghunandan Capital Pvt Ltd iTradeOnline by Trustline
 
Raghunandan Capital Pvt Ltd Logo iTradeOnline by Trustline Logo
About the Broker 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... Know more about Raghunandan Capital Pvt Ltd iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of ₹20 per executed order or 0.01% whichever is lower. The same lo... Know more about iTradeOnline by Trustline
Type of Broker Discount Broker Discount Broker
Supported Exchnage BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Account Type Zero Brokerage Plans Pay Per Trade
Broker Enquiry
Year of Incorporation
Number of Branches
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RMoney Vs iTradeOnline Charges

  Raghunandan Capital Pvt Ltd iTradeOnline by Trustline
Trading Account Opening Fees ₹0 (Free) ₹0 (Free)
Trading Account AMC ₹0 (Free) ₹0 (Free)
Demat Account Opening Fees ₹0 (Free) Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC ₹0 for lifetime (Free) Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
Demat Account is Mandatory? No No
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RMoney Vs iTradeOnline Brokerage

Brokerage Plan 1

  Raghunandan Capital Pvt Ltd iTradeOnline by Trustline
Account Type Zero Brokerage Plans Pay Per Trade
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage ₹18 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹18 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹18 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹18 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹18 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage ₹18 per executed order or .01% whichever is lower ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage

Brokerage Plan 2

  Raghunandan Capital Pvt Ltd iTradeOnline by Trustline
Account Type Happy Service Plan Pay Per Trade
Fixed Charges NA ₹0
Equity Delivery Brokerage 0.10% to 0.40% ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage 0.01% to 0.04% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.005% to 0.02% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹20 to ₹80 per lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.005% to 0.02% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage 0.005% to 0.02% ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.005% to 0.02% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹0 ₹0 (No Minimum Brokerage)
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment Physical contact notes: ₹20
Call & Trade Charges ₹0 (Unlimited Calls) ₹0 (Free)
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RMoney Vs iTradeOnline Taxes

  Raghunandan Capital Pvt Ltd iTradeOnline by Trustline
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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RMoney Vs iTradeOnline Transaction Charges

  Raghunandan Capital Pvt Ltd iTradeOnline by Trustline
Equity Delivery NSE ₹325 per crore | BSE ₹275 per crore (0.00275%) NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Intraday NSE ₹325 per crore | BSE ₹275 per crore (0.00275% NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Futures NSE ₹250 per crore | BSE ₹110 per crore (0.0011%) NSE ₹190 per crore (0.0019%)
Equity Options NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%) NSE ₹5000 per crore (0.05%)
Currency Futures NSE, BSE - ₹150 per crore (0.0015%) NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%)
Currency Options NSE, BSE - ₹7500 (on premium) per crore (0.075%) NSE ₹4000 (on premium) per cr (0.04%) | BSE ₹1500
Commodity MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%) MCX ₹260/Cr (0.0026%) | NCDEX ₹600/cr (0.006%)
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RMoney Vs iTradeOnline Exposure Margin

  Raghunandan Capital Pvt Ltd iTradeOnline by Trustline
Equity Delivery Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5) Upto 5x (based on the stock)
Equity Intraday 20x (5%) (Intraday Only) Upto 20x (based on the stock)
Equity Futures Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%) Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures Intraday - 100X (1%) Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options Intraday - 100X (1%) Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures Intraday - 77X (1.3%) Future Intraday - 12.5%(8x), Carry forward - 100%(1x) of Span
Commodity Options Intraday - 100%(1x), Carry forward - 100%(1x) of Span
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RMoney and iTradeOnline Feature Comparison

  Raghunandan Capital Pvt Ltd iTradeOnline by Trustline
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 No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time Equity 3:15 PM Equity: 3:15 PM, Commodity: 11:15 PM
Other Features
Referral Program
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RMoney Vs iTradeOnline Review

  Raghunandan Capital Pvt Ltd iTradeOnline by Trustline
  3 Customer Reviews    Rate RMoney 6 Customer Reviews    Rate iTradeOnline
Fees Ratings 4.7 4.2
Trading Brokerage Rating 4.7 4.7
Trading Platform Usability 4.3 4.0
Customer Service Ratings 4.0 4.2
Overall Ratings Rated 4.0 stars Rated 4.3 stars
Broker Rating RMoney is Rated 4.0 / 5 based on 3 customer reviews iTradeOnline is Rated 4.3 / 5 based on 6 customer reviews
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Contact Broker / Request A Call Back

  Raghunandan Capital Pvt Ltd iTradeOnline by Trustline
Contact / Request Call Back
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RMoney Vs iTradeOnline Investment Options

  Raghunandan Capital Pvt Ltd iTradeOnline by Trustline
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Corporate FD, Life Instance, General Insurance Insurance, Wealth Management
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RMoney Vs iTradeOnline Customer Service

  Raghunandan Capital Pvt Ltd iTradeOnline by Trustline
24/7 Customer Service No No
Onine Live Chat No No
Through Branches Yes Yes
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RMoney Vs iTradeOnline Order Type Offered

  Raghunandan Capital Pvt Ltd iTradeOnline by Trustline
Bracket Order Yes
Cover Order Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) Yes
Good Till Cancelled (GTC) Yes
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RMoney Vs iTradeOnline Research Report

  Raghunandan Capital Pvt Ltd iTradeOnline by Trustline
Daily Market Report Yes Yes
Free Tips No Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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RMoney Vs iTradeOnline Suitable For Investor Type

  Raghunandan Capital Pvt Ltd iTradeOnline by Trustline
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes
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RMoney Vs iTradeOnline - Advantages and Disadvantages

  Raghunandan Capital Pvt Ltd iTradeOnline by Trustline
Pros
  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.

More Advantages...

  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Research based fundamental and technical analysis available to all the customers.
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.

More Advantages...

Cons
  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.

More Disadvantages...

  • Separate account needed for Mutual Funds investment.
  • For iTradeOnline customers, the customer service is not available through 400+ Trustline branches.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API's are now available.
  • Opening demat account along with the trading account is mandatory.
  • No extra charge for intraday or expiry positions closed by the broker.

More Disadvantages...

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