RMoney Vs iTradeOnline (Compare RMoney and iTradeOnline)

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


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


iTradeOnline
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 low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available f... Know more about iTradeOnline by Trustline

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RMoney Vs iTradeOnline

Incorporated in , RMoney is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has branches across India. Incorporated in , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

  RMoney iTradeOnline
Type of Broker Discount Broker Discount Broker
Supported Exchnages BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Account Type Zero Brokerage Plans Pay Per Trade
Year of Incorporation
Number of Branches
Broker Enquiry Open an Online Trading Account with RMoney. Leave your contact info and we will get in touch with you. Open an Online Trading Account with iTradeOnline. Leave your contact info and we will get in touch with you.
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RMoney Vs iTradeOnline Charges & AMC

RMoney trading account opening charges is ₹199 while iTradeOnline account opening changes is ₹0 (Free). RMoney Demat Account AMC Charges is ₹0 for lifetime (Free) and iTradeOnline Demat Account AMC Charges is Regular Demat: ₹300, Lifetime free AMC Demat: ₹0.

  RMoney iTradeOnline
Trading Account Opening Charges ₹199 ₹0 (Free)
Trading Account AMC Charges ₹0 (Free) ₹0 (Free)
Demat Account Opening Charges ₹0 (Free) Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC Charges ₹0 for lifetime (Free) Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
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RMoney Vs iTradeOnline Brokerage Charges & Plans

RMoney Vs iTradeOnline Brokerage

RMoney brokerage charges for equity is ₹0 (Free) and intraday is ₹18 per executed order or .01% whichever is lower whereas iTradeOnline brokerage charges for equity is ₹20 per executed order or .01% whichever is lower and intraday is ₹20 per executed order or .01% whichever is lower.

  RMoney iTradeOnline
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
Special Offer
Special Offer: RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer
Special Offer: Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

RMoney Vs iTradeOnline Brokerage Plan 2

  RMoney iTradeOnline
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
Enquire RMoneyEnquire iTradeOnline

RMoney Charges Vs iTradeOnline

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 Transaction Charges

RMoney transaction charges for options is NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%) while iTradeOnline exchange transaction charges for options is NSE ₹5000 per crore (0.05%).

  RMoney iTradeOnline
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 Leverage (Margin)

RMoney provides the margin of 20x (5%) (Intraday Only) for intraday trades whereas the iTradeOnline margin for intraday cash is Upto 20x (based on the stock).

  RMoney iTradeOnline
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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Compare RMoney and iTradeOnline Features

The trading platforms offered RMoney include RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications). iTradeOnline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

  RMoney iTradeOnline
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

RMoney is rated 4.0 of 5 based on 3 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  RMoney iTradeOnline
  3 Customer Reviews    Rate RMoney 7 Customer Reviews    Rate iTradeOnline
Fees 4.7 3.9
Trading Brokerage 4.7 4.1
Trading Platform Usability 4.3 3.9
Customer Service 4.0 3.7
Research Capabilities 1.0
Overall Ratings Rated 4.0 stars Rated 4.0 stars
Broker Rating RMoney is rated 4.0 of 5 based on 3 customer reviews iTradeOnline is rated 4.0 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  RMoney Enquire iTradeOnline Enquire
Contact Broker

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

Get 50% discount (₹500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

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RMoney Vs iTradeOnline Investment Options

  RMoney iTradeOnline
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 Order Type Offered

  RMoney iTradeOnline
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

  RMoney iTradeOnline
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

  RMoney iTradeOnline
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes
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RMoney Vs iTradeOnline - Pros and Cons

  RMoney iTradeOnline
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.
  • 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.
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.
  • 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.
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Promo / Offers

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.

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save ₹500 on account opening.

This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.

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