Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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1.18% 6,324 Clients
Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Incorporated in 2004, Raghunandan Money (RMoney) is an Gift City, Gandhinagar, Gujarat-based financial service provider. The company offers a range of financial products and services. These include Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds, and Corporate FDRs.
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 and 4% of MCX turnover. It has a strong presence in Northern India's commodity trading community.
RMoney has come up with its new Freedom Zero Brokerage Plan wherein the customers get the flexibility to choose their brokerage depending on their trade preferences. Along with flexible brokerage account holders get tools, research, and personalized trading support.
The low cost online trading and investment is the key offering of RMoney. You can easily choose between Rs.9/- per executed trade or Rs.999/- per month unlimited trade plan. RMoney also offers Free Demat Account Opening. Free AMC for the first year. The trading software (desktop, mobile, and web) are available for free for all its customers. RMoney offers free call n trade facility and a personalized dealer for all your trading needs.
Following are the unique selling points of RMoney Brokerage Services:
S. No. | Service | Description |
|---|---|---|
1 | Online Trading | Trade in Equity, Equity F&O, Commodity F&O and Currency F&O at BSE, NSE MCX and NCDEX |
2 | Depository Services | Demat account related services through CDSL |
3 | Online Investments | Mutual Funds, IPO, Corporate Fixed Deposits, Postal Saving Scheme, National Pension Scheme (NPS), Bonds and NCD's. |
4 | Online Insurance | Life, Health & General Insurance |
5 | Advisory | Personal investment advice by certified financial planners |
6 | PAN Card Service | Apply for New PAN Card Or Correction to Existing PAN Card |
Client Referral Program (ADDvantage)
RMoney offers a unique customer referral program. When you refer a friend or a family to RMoney you get a chance to earn up to 50% brokerage sharing. You also get a separate relationship manager for all your queries related to RMoney ADDvantage, marketing material, and personalized assistance.
RMoney offers 2 trading plans to its customers:
Plan | Rs 9 Per Trade Plan | Rs 999 Per Month Trade Plan |
Account Opening Fee |
Nil |
Nil |
AMC Charges |
299+GST Per Year (Free for 1st Year) |
299+GST Per Year (Free for 1st Year) |
Call n Trade Facility |
Rs 18 + GST per executed order |
Rs 18 + GST per executed order |
Trading Software |
Free |
Free |
Exchange Supported |
BSE, NSE, MCX and NCDEX |
BSE, NSE, MCX and NCDEX |
Personalized Dealer |
Yes |
Yes |
Brokerage Fees |
Rs 9 PER EXECUTED ORDER |
FIXED Rs 999 FOR EQ+FO PER MONTH FIXED Rs 999 FOR COMMODITY PER MONTH FIXED Rs 499 FOR CURRENCY PER MONTH |
Trading Margin/Limits |
No |
No |
Personalized Risk Management |
No |
No |
Research, Tips, & Advice |
No |
No |
Personalized Trade Assistance |
No |
No |
Portfolio Analysis |
No |
No |
Trading Account Opening Fee (One Time) | Rs 0 |
Trading Annual Maintenance Charges (AMC) | Rs 0 |
Demat Account Opening Fee (One Time) | Rs 0 |
Demat Account Annual Maintenance (Yearly) | Rs 0 |
RMoney offers 2 trading plans to its customers:
Zero Brokerage Plans
This discount brokerage plan offers to trade at a flat fee of maximum Rs 18 per trade across the segment and exchanges. The brokerage is paid irrespective of the size of the trade.
Equity Cash (Delivery Based Trades) | Rs 0 |
Equity Intraday | Rs 18 per executed order or 0.01% whichever is lesser |
Equity Derivatives (F&O) | Rs 18 per executed order or 0.01% whichever is lesser |
Currency Derivatives (F&O) | Rs 18 per executed order or 0.01% whichever is lesser |
Commodity Derivatives (F&O) | Rs 18 per executed order or 0.01% whichever is lesser |
Note that maximum brokerage of Rs 18 is charged in any segment (or exchange). The charges are irrespective of the amount or number of shares traded in an order.
Happy Service Plan
This full-service brokerage plan is for customers who need assistance from broker i.e. research, advisory, dedicated relationship manager, call & trade etc. The brokerage under this plan is charged as traditional brokers in percent of the transaction value.
Equity Cash (Delivery Based Trades) | 0.10% to 0.40% |
Equity Intraday | 0.01% to 0.04% |
Equity Derivatives (F&O) | 0.005% to 0.02% |
Currency Derivatives (F&O) | 0.005% to 0.02% |
Commodity Derivatives (F&O) | 0.005% to 0.02% |
Note that the table shows the range of brokerage charges. The actual brokerage you pay depends on your negotiation with the broker. The higher the deposit you keep with the broker and the higher the number of trades you do, the brokerage fee goes down.
Visit RMoney Brokerage Charges Review for more detail.
Zerodha (Flat Rs 20 Per Trade)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
RMoney offers 2-in-1 account (demat + trading account). It gives its customer an option to trade in stock & commodity market as well as invest in mutual funds.
You could open an account with RMoney in two different ways:
RMoney offers 5-minute paperless online account opening process. The eKYC and Aadhaar based account opening is the fastest and most convenient way of account opening with RMoney.
If you have Aadhaar number and your Aadhaar number is mapped to correct mobile number, the account opening process just 5 minutes. After completing the online application, the online trading accounts get activated in just a few hours.
You could also visit the Raghunandan Money branch in your city to open an account. The branch locator is available on its website. RMoney has branches/franchise offices in most of the cities in North India.
RMoney offers all 3 trading platform (Desktop, Web and Mobile Trading App) to its customers. All these trading apps are re-branded ODIN software. ODIN is among the most popular trading platforms available in India.
Trading Application | Type | Charges |
|---|---|---|
RMoney Smart Trade (ODIN) | Website (Runs on the web browser) | Free to all customers |
RMoney Active Trade (ODIN) | Installable Trading Terminal | Free to all customers |
RMoney QUICK (ODIN) | Mobile Trading App (Android, iOS) | Free to all customers |
RMoney Smart is a trading website that you can access from any device through any browser. The trading platform is loaded with a wide range of features. RMoney Smart can be used by beginners as well as by advanced traders with very little assistance.
RMoney Active as the name suggests is suitable for active traders. RMoney Active Trade offers an installable trading terminal for computers. The trading terminal is highly customizable and offers trading across asset classes.
RMoney Quick is a mobile trading app which can be downloaded for free from Google Play Store or Apple Store. This 1-in-all trading app offers features like live market feed, buying/selling of shares, price alerts, portfolio tracking, IPO applications, faster speed, and much more.
Visit RMoney Trading Software Review for more detail.
Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
The following are the advantages of RMoney. You must read RMoney advantages and disadvantages before opening an account with RMoney. RMoney pros and cons help you find if it suits your investment needs.
The following are the cons of RMoney. Check the list of RMoney drawbacks.
RMoney margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. RMoney F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for RMoney F&O carry forward positions and equity delivery trades.
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value for T+5 days | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| F&O (Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure + Delivery margin) | 1x |
| Overall Rating |  3.2/5 |
| Fees |  4.4/5 |
| Brokerage |  4.2/5 |
| Usability |  3.4/5 |
| Customer Service |  3.8/5 |
| Research Capabilities |  2.0/5 |
Based on 5 Votes by RMoney Customers
Do you trade with RMoney? Rate RMoney
The number of RMoney customer complaint received by the exchanges. The RMoney consumer complaint report helps understanding the Raghunandan Capital Pvt Ltd quality and relibility of service.
| Exchange | Financial Year | Number of Clients* | Complaints** | % |
|---|---|---|---|---|
| NSE | 2024-25 | 6,324 | 1 | 0.02% |
| NSE | 2023-24 | 6,250 | 2 | 0.03% |
| BSE | 2023-24 | 1,844 | 1 | 0.05% |
| NSE | 2022-23 | 4,425 | 8 | 0.18% |
| NSE | 2021-22 | 3,956 | 7 | 0.18% |
| BSE | 2021-22 | 801 | 1 | 0.12% |
| NSE | 2020-21 | 3,017 | 7 | 0.23% |
| NSE | 2019-20 | 2,144 | 1 | 0.05% |
| BSE | 2019-20 | 617 | 1 | 0.16% |
| NSE | 2018-19 | 1,981 | 1 | 0.05% |
* The number of active customers reported by the broker.
** The total number of complaints received against the broker at the given exchange.
Visit RMoney Complaints at BSE, NSE and MCX for detail report.
ID | Transaction | Charges |
|---|---|---|
1 | Demat Account Opening Charges | Rs 0 |
2 | PoA Stamp Paper Charges | Rs 0 |
3 | Annual Maintenance Charges (AMC): | |
a. Individuals | Rs 299+GST Per Yea (Free for one year) | |
b. Corporates | Lifetime FREE Demat: Rs 500 | |
4 | Transaction Charges per ISIN (Market Trades): | |
a. Buy (Receive) | Rs 0 | |
b. Sell(Debit) | Rs 12 for every debit transaction | |
5 | Inter Depository Transfer (Off-Market Trades): | |
a. Buy (Receive) | NIL | |
b. Sell(Debit) | Regular Demat: Rs 20 for every debit transaction | |
6 | Dematerialisation Charges | Rs 20 per DRF + Rs 3 per certificate |
7 | Rematerialisation Charges | Rs 20 per every 100 securities |
8 | Courier charges per Demat/ Remat request | Courier charges at actual |
9 | Pledge per ISIN | Rs 25 + Rs 12 per request (CDSL Charges) |
10 | Unpledge per ISIN | Rs 25 + Rs 12 per request (CDSL Charges) |
11 | Pledge Invocation per ISIN | Rs 20 |
12 | Periodic Statement: | |
a. By Email | Free | |
b. Physical | ||
13 | Adhoc / Non Periodic Statement Requests: | |
a. By Email | Rs 0 | |
b. Physical | Rs 2 per page + Courier charges at actual | |
14 | Delivery Instructions: | |
a. First Delivery Instruction Book | Rs 0 (free) | |
b. Every Additional Booklet | Rs 20 (5 leaves) | |
15 | Cheque Bounce/ Per cheque | |
16 | Failed Transactions | Rs 20 per intimation per instruction |
17 | Modification in CML | Rs 20 per request |
18 | KRA Upload / Download | Rs 20 per request |
Zerodha (Flat Rs 20 Per Trade)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
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FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
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