RMoney Vs Tradeplus (Compare RMoney and Tradeplus)


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


Tradeplus
Tradeplus is an online stock broker (hybrid of traditional and discount broker) offering trading & investment at BSE, NSE and MCX. Tradeplus is famous for its unlimited zero brokerage trading plans which offer infinite trading at a fixed monthly fee in few segments. The unlimited trading plans are available in Commodities, Equity&Options and Currency Derivatives segments. Tradeplus also offer demat account services at a low AMC charge of Rs 90 per year. Tradeplus also offer Online Mutual... Know more about Tradeplus (Navia Markets Ltd)

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RMoney Vs Tradeplus

Incorporated in , RMoney is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has branches across India. Incorporated in 1995, Tradeplus is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

  RMoney Tradeplus
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Year of Incorporation 1995
Number of Branches
Open an Online Trading Account with RMoney.Open an Online Trading Account with Tradeplus.
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RMoney Vs Tradeplus Charges & AMC

RMoney trading account opening charges is Rs 199 while Tradeplus account opening changes is Rs 0. RMoney Demat Account AMC Charges is Rs 0 for lifetime (Free) and Tradeplus Demat Account AMC Charges is Rs 0.

  RMoney Tradeplus
Trading Account Opening Charges Rs 199 Rs 0
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 0 for lifetime (Free) Rs 0
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RMoney Vs Tradeplus Brokerage Charges & Plans

RMoney Vs Tradeplus Brokerage

RMoney brokerage charges for equity is Rs 0 (Free) and intraday is Rs 18 per executed order or .01% whichever is lower whereas Tradeplus brokerage charges for equity is Rs 0 (Free) and intraday is NA.

  RMoney Tradeplus
Account Type Zero Brokerage Plans Flat Zero brokerage Scheme
Fixed Charges NA As per segment
Equity Delivery Rs 0 (Free) Rs 0 (Free)
Equity Intraday Rs 18 per executed order or .01% whichever is lower NA
Equity Futures Rs 18 per executed order or .01% whichever is lower Rs 799 per month (unlimited trading)
Equity Options Rs 18 per executed order or .01% whichever is lower Rs 99 per month (unlimited trading)
Currency Futures Rs 18 per executed order or .01% whichever is lower Rs 99 per month (unlimited trading)
Currency Options Rs 18 per executed order or .01% whichever is lower Rs 99 per month (unlimited trading)
Commodity Futures Rs 18 per executed order or .01% whichever is lower Rs 99 per month (unlimited trading)
Commodity Options Rs 99 per month (unlimited trading)
Special Offer
Special Offer: RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer
Special Offer: Brokerage Free equity delivery trading (truly no commission) and Flat Rs 9 intranet and F&O trade brokerage. Get the offer

RMoney Vs Tradeplus Brokerage Plan 2

  RMoney Tradeplus
Account Type Happy Service Plan Flexi Brokerage Plan
Fixed Charges NA NA
Equity Delivery 0.10% to 0.40% Rs 0 (Free)
Equity Intraday 0.01% to 0.04% Lower of - Rs 9 per trade or 0.01%
Equity Futures 0.005% to 0.02% Rs 9 per executed order
Equity Options Rs 20 to Rs 80 per lot Rs 9 per executed order
Currency Futures 0.005% to 0.02% Rs 9 per executed order
Currency Options 0.005% to 0.02% Rs 9 per executed order
Commodity Futures 0.005% to 0.02% Rs 9 per executed order
Commodity Options Rs 9 per executed order
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RMoney Charges Vs Tradeplus

Minimum Brokerage Rs 0
Other Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 100 per month per segment SMS Charges: Rs 100 per segment.
Call & Trade Charges Rs 0 (Unlimited Calls) Flat Rs 75 per day
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RMoney Vs Tradeplus Transaction Charges

RMoney transaction charges for options is NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%) while Tradeplus exchange transaction charges for options is Rs 7800 per crore (0.078%)(on premium).

  RMoney Tradeplus
Equity Delivery NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%) Rs 345 per crore (0.00345%) (each side)
Equity Intraday NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275% Rs 345 per crore (0.00345%) (sale side)
Equity Futures NSE Rs 250 per crore | BSE Rs 110 per crore (0.0011%) Rs 360 per crore (0.0036%)
Equity Options NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%) Rs 7800 per crore (0.078%)(on premium)
Currency Futures NSE, BSE - Rs 150 per crore (0.0015%) Rs 140 per crore (0.0014%)
Currency Options NSE, BSE - Rs 7500 (on premium) per crore (0.075%) Rs 6000 (on premium) per crore (0.06%)
Commodity MCX Rs 325 (0.00325%) | NCDEX Rs 600 per Cr(0.006%) Rs 500 (0.005%)
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RMoney Vs Tradeplus Leverage (Margin)

RMoney margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Tradeplus margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  RMoney Tradeplus
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare RMoney and Tradeplus Features

The trading platforms offered RMoney include RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications). Tradeplus offers INFINI, NSE NOW trading software.

  RMoney Tradeplus
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 No Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) INFINI, NSE NOW
Intraday Square-off Time Equity 3:15 PM
Other Features
Referral Program
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RMoney Vs Tradeplus Review

RMoney is rated 3.8 of 5 based on 4 customer reviews whereas Tradeplus is rated 3.0 of 5 based on 35 customer reviews.

  RMoney Tradeplus
  4 Customer Reviews    Rate RMoney 35 Customer Reviews    Rate Tradeplus
Fees 4.8 3.6
Brokerage 4.5 4.1
Trading Platform 4.0 2.8
Customer Service 4.0 2.7
Research Capabilities 3.0 2.0
Overall Ratings Rated 3.8 stars Rated 3.0 stars
Broker Rating RMoney is rated 3.8 of 5 based on 4 customer reviews Tradeplus is rated 3.0 of 5 based on 35 customer reviews
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Contact Broker / Request A Call Back

  RMoney Enquire Tradeplus Enquire
Contact Broker RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer
Brokerage Free equity delivery trading (truly no commission) and Flat Rs 9 intranet and F&O trade brokerage. Get the offer
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RMoney Vs Tradeplus Investment Options

  RMoney Tradeplus
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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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RMoney Vs Tradeplus Order Type Offered

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

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

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

  RMoney Tradeplus
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.
  1. Unlimited monthly trading plans available for frequent traders.
  2. Free equity delivery trading. No brokerage charged for trading in equity delivery (cash & carry) segment.
  3. Low demat AMC or Rs 90 per month.
  4. Analysis tools available for intraday trading.
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.
  1. Customer has to pay software charges.
  2. High call & trade charges. Rs 1000 per month.
  3. Lower margin.
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Promo / Offers

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat Rs 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.

Free Equity Delivery Trade + Flat Rs 9 intranet and F&O trade

Get free equity delivery trading (zero brokerage) and pay flat Rs 9 intranet and F&O trade brokerage. To open an account with Tradeplus, simply leave your contact information and Tradeplus representatives will call you.

Enquire RMoneyEnquire Tradeplus

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