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RKSV Stock Trading, Demat, Brokerage and Reviews 2020

RKSV is Mumbai, India based popular discount broker offering budget brokerage plans to India stock & commodity market investors. RKSV is well known for its flat Rs 20 per trade irrespective to the size of the trade across trade segments including Equities, Futures, Options, Currencies, and Commodities.

Being a discount broker; RKSV's brokerage structure is simple and easy. They offer different plans to suit your requirement.

RKSV transaction charges are very competitive with other discount brokers in India. They charge transaction or turnover charges at Rs 325 per crore for equity, Rs 210 per crore for futures and Rs 5500 per crore for options (on premium).

Like other online stock trading companies, RKSV provides trading services to buy & sell stocks, futures & options online. RKSV Commodities provides trading services to buy & sell commodities online.

Account Types

RKSV offers discount brokerage plans to suit most investors / traders requirement.

• Rs 20 per trade

  This plan 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 customers get intraday leverage of 20x on Equities, 4x on NSE F&O, 4x on BSE/NSE Currency F&O and 3x on MCX Commodity Futures.

  Note that a Goods and Services Tax (GST) of 18% (Rs. 3.60) is applied to the Rs. 20 per order traded charge. This totals to Rs. 23.60 per trade.

  Also note that Rs 18.5 demat debit transaction charge is applicable for delivery trades.

RKSV Charges 2020

• Trading Account Opening Charges (One Time): ₹150
• Trading Annual maintenance charges (AMC): Nil
• Demat Account Opening Charges (One Time): ₹150
• Demat Account Annual Maintenance Charges (AMC): ₹150 Per Year

Trading Brokerages

Standard Plan

• Equity Delivery Based Trades: ₹0 (Free Unlimited Equity Delivery Trades)
• Equity Intraday Trades: 0.01% or Rs.20 per executed order (Whichever is lower)
• Equity Future: 0.01% or Rs.20 per executed order (Whichever is lower)
• Equity Options: ₹20 per executed order (on Turnover)
• Currency Futures: 0.01% or Rs.20 per executed order (Whichever is lower)
• Currency Options: ₹20 per executed order
• Commodity Futures: 0.01% or Rs.20 per executed order (Whichever is lower)

RKSV Brokerage Charges in Detail

RKSV Charge Structure Explanation:

• STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
• Stamp Duty: Charges based on the state the customer is located in.
• Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
• SEBI Turnover Fees: This is charged at ₹5 per Crore.
• Transaction Charges: This is charged at ₹325/crore for Equity, ₹190/crore for Futures, ₹5000/crore on premium for options.
• Clearing Charges: This is charged at ₹20/crore for Futures, ₹500/crore on premium for options.

Other Charges (RKSV Broker Hidden Charges / Fees):

1. Call and Trade feature is available at an extra cost of ₹20/- per order.
2. Digital contract notes are available free of charge. Physical contract notes are available at ₹25 per contract note plus courier charges.
3. Instant Transfer: For Commodities trading, transferring funds into your commodities trading account is a simple process. Instant fund transfer in NEST is available. RKSV supports instant bank transfers for over 20 banks. You can use the NEST trading platform (EXE) to instantly transfer funds from your bank account to your trading account and have it reflect on your margin immediately. There is a ₹7 transfer fee charged for instant transfers. A daily limit of 2 lakhs is applied on instant fund transfer.
4. They do not charge any fees for depositing money for trading. For money withdrawals, RBI charges fees based on the amount you want to transfer
   Using NEFT:
   • For transactions up to ₹1 lakh - not exceeding ₹5 (+ Goods and Services Tax (GST))
   • For transactions above ₹1 lakh and up to ₹2 lakhs - not exceeding ₹15 (+ Goods and Services Tax (GST))
   • For transactions above ₹2 lakhs - not exceeding ₹25 (+ Goods and Services Tax (GST))
   
   Using RTGS (RBI Circular):
   • ₹2 lakh to ₹5 lakh - not exceeding ₹30 per transaction.
   • Above ₹5 lakh - not exceeding ₹55 per transaction.

RKSV Demat Account Charges

The RKSV charges for demat account transitions are as below:

Visit RKSV Brokerage Charges Review for more detail.

How to open account with RKSV Securities Ltd?

Opening account with RKSV is simple and easy.

• To open an account with RKSV; please leave your information and RKSV representative will contact you.

RKSV Trading Software

1. Upstox

Upstox is the mobile and website based trading platform. Upstox makes it easy to place orders through mobile phones and web browser. It offers online trading, analysis, charting and many more rich trading features.

Upstox offers brokerage free trading in Equity Delivery segment. Trading in Equity F&O, Equity Indra-day, Commodities and Currency Derivatives is available through Upstox Pro for flat Rs 20 per trade.

Upstox Website & Mobile

Upstox Website

Upstox Mobile

Upstox Mobile

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2. NEST

RKSV offers trading using the NEST, the trading platform build by Omnisys and used by most brokers in India. 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

Visit RKSV Trading Software Review for more detail.

RKSV Pros and Cons

RKSV Pros (Advantages)

The following are the advantages of RKSV. You must read RKSV advantages and disadvantages before opening an account with RKSV. RKSV pros and cons help you find if it suits your investment needs.

• RKSV (now Upstox) offers brokerage free trading in Equity Delivery segment (no brokerage charges for delivery trades in equity segment).
• Free trading software including website and mobile trading app (Android and iOS phones).
• After Market Order (AMO), Cover Order (CO) and Back Order (BO) are available.
• Trailing-Stop/Stop-Loss (SL) is available to all customers.
• Good Till Cancelled (GTC) and Good Till Date/Time (GTD) Orders are available in commodities trading segment.
• RKSV's Upstox Pro Trading Platform offers multiple indicators to monitor markets on-the-go.
• AmiBroker Bridge available to traders to code & execute trading strategies.
• API's available to build your own trading app.
• Mutual Fund investment is available. Customers can choose Lumpsum or SIP pattern of investing.
• Margin Against Shares is available.
• Higher leverage can be availed using Priority Brokerage Package.

RKSV Cons (Disadvantages)

The following are the cons of RKSV. Check the list of RKSV drawbacks.

1. RKSV (Upstox) doesn't provide facility to invest in IPO and FPO.
2. 3-in-1 account is not available as RKSV doesn't provide banking services
3. RKSV doesn't offer unlimited monthly trading plans.
4. Unlike most 3-in-1 accounts provider, 'RKSV Back Office' is not integrated with its trading platform. It's a separate website and most data in the back office gets updated overnight. This is the same case with almost all discount brokers.
5. Good Till Cancelled (GTC) and Good Till Date/Time (GTD) Orders are not available in Equity Segment.
6. Margin Funding is not available. You can trade only when you have enough money in your trading account.
7. Call & Trade is available at additional Rs 20 per executed order.
8. RKSV charges additional Rs 20 per executed order for Intraday square MIS/BO/CO orders when they are not square off by the customer.
9. In RKSV Upstox basic plan, though brokerage is free, customers still have to pay the Demat Transaction Charges. Upstox Demat charges (Rs 21.83) is high than other discount brokers who charges fee of Rs 15.93 per demat debit transaction.
10. RKSV doesn't provide stock tips or recommendations.

Visit RKSV Margin Review for more detail.

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RKSV Ratings

Overall Rating	3.7/5
Fees	4.1/5
Brokerage	4.3/5
Usability	3.4/5
Customer Service	3.7/5
Research Capabilities	1.0/5

Based on 81 Votes by RKSV Customers

Do you trade with RKSV? Rate RKSV

RKSV Margin / Exposures on Equity Trading

RKSV - Margin Against Shares (MAS)

You can leverage shares in your demat account to obtain margin funding to make additional trades. This margin can be used for taking intra-day and overnight positions across segments.

Note:
• A 25% haircut is applied while calculating collateral margin over holdings (10% for LIQUIDBEES).
• Cash to collateral ratio will be maintained at 50:50. This means that in order to trade with collateral margin, at least the equivalent amount in cash must be available in your account, failing to which orders will be rejected.
• MAS will be allowed on all instruments except Equity delivery and Options (buy side trades).
• Rs 50 per scrip will be charged toward placing a pledged or un-pledged request.
• You must have a demat account with RKSV in order to avail MAS.

Upstox Priority Pack - For people who need higher leverage

UpStox offers priority at an additional monthly charge for traders who need higher leverage.

Pricing of Upstox Priority Pack

• 999 Monthly - Priority Pack for Equities, F&O and CDS segments. 
• 499 Monthly - Priority Pack for Commodities. 

What do you get in a Priority Pack?

Priority Pack offers trade with higher leverage:

• 2X Intraday leverage on option buy with CO/OCO/BO
• Get upto 7X leverage on Index Futures using CO/OCO/BO
• No exposure margin levied on Index Futures and Options giving you up to 6X leverage.
• 20X Intraday leverage on cash (normally 15X).

Comparison of Upstox Regular Account and Priority Pack

RKSV's Membership Information

1. RKSV NSE Membership:
   • Capital Market (CM) - INB231394231
   • Future & Options (F&O) - INF231394231
   • Currency Derivatives (CDS) - INE231394231
2. RKSV BSE Membership:
   • Capital Market (CM) - INB011394237
   • Future & Options (F&O) - INF011394237
3. RKSV MCX Membership:
   • Member Code - 46510
   • FMC Regn. No. - MCX: MCX/TM/CORP/2034
4. CDSL: IN-DP-CDSL-00283831
5. NSDL: IN-DP-NSDL-11497282

RKSV Milestones (History of RKSV)

Reasons why one should open an account with RKSV:

1. RKSV customers do over Rs 5000 Crores of trading turnover daily. RKSV routinely processes over 1.5% of India's exchange turnover. (As of Feb 2016)
2. They have over 20,000 customers all across India. (As of Dec 2016)
3. RKSV offers Free Delivery Trading. No brokerage fee for equity delivery trades.
4. RKSV offers flat 20 rs per trade.
5. RKSV offers powerful technology and trading tools to help you make the right trading decision. Trade on desktop, mobile or web.
6. RKSV have full trading memberships on the NSE, BSE and MCX.
7. RKSV offers margin against shares.

RKSV Reviews

• RKSV Charges Review
• RKSV FAQs

• Contact RKSV for trading & demat account.
• Upstox Trading Platform by RKSV - Review, FAQ and Detail

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