Chittorgarh.com Logo
Loading...

RMoney Stock Trading, Demat, Brokerage and Reviews 2022


3.31% 4,087 Clients

Zerodha (Trade with the best stock broker)

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 Agra-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.

Raghunandan Money (RMoney) USP (Unique Selling Proposition)

Following are the unique selling points of RMoney Brokerage Services:

  • Flexible brokerage plan to choose as per your trade preferences
  • Free Unlimited Call n Trade Facility
  • Full-service trading account is available for customers who need higher leverage and a dedicated dealer.
  • Ultra-fast mobile trading app with a host of advanced trading features
  • Fund transfer is totally FREE.
  • Excellent client referral program.
Services Offered by RMoney

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.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Account Types

RMoney offers 2 trading plans to its customers:

RMoney Trading Plan Comparison

Plan

Rs 9 Per Trade Plan

Rs 999 Per Month Trade Plan

Account Opening Fee

Nil

Nil

AMC Charges

Free for 1st 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


RMoney Charges 2022

Account Opening Fees & Annual maintenance charges (AMC)

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:

  1. 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.

    RMoney Brokerage Charges - Zero Brokerage Plan

    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.

  2. 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.

    RMoney Brokerage Charges - Happy Service Plan

    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 (Trade with the best stock broker)

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 Online Account Opening

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:

  1. Instant Online Account Opening

    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.

  2. Open Account at Branch

    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 Trading Software (RMoney Trading Platforms)

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.

RMoney Trading Software

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

  1. RMoney Smart Trade (Website based trading)

    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.

  2. RMoney Active Trade (Installable Trading Terminal)

    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.

  3. RMoney QUICK (Mobile Trading App)

    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 (Trade with the best stock broker)

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 Pros and Cons


RMoney Pros (Advantages)

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.

  • Trade at a low brokerage of Rs.9/- per executed order irrespective of the trade size across segments (Equity, F&O, and Currencies)
  • RMoney offers free trading platforms including a terminal-based trading platform, web-based trading platform, and a mobile trading app
  • Offers free technical, derivatives, and fundamental research and advice to customers
  • Unlimited call n trade facility is available for customers at nominal prices. Most stock brokers charge a heavy amount for offering call n trade facility.
  • Personalized dealer (single point of contact) is available for all
  • You can trade at BSE, NSE, MCX, and NCDEX
  • RMoney is among top 5 volume makers in commodity trading at MCX (3-4% of daily turnover) and NCDEX (8% of daily turnover)
  • Personalized risk management is available for frequent traders
  • Short Selling is available in equity intraday, derivatives, and commodities
  • Unlike other discount brokers, RMoney doesn't charge any additional fee for MIS/BO/CO positions closed by the broker
  • First year Demat AMC is free for all its account holders

RMoney Cons (Disadvantages)

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

  • RMoney Demat debit transaction charges are Rs 12 + gst per script. Most other discount brokers charge flat Rs 8 per transaction.
  • Trading SMS Alerts for live trade confirmation are available for Rs 100 per month per segment.

RMoney Margin Exposure

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.

SegmentMarginLeverage
Equity Delivery100% of trade value1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure)1x

RMoney Ratings

Overall Rating Rated 3.2 stars 3.2/5
Fees Rated 4.4 stars 4.4/5
Brokerage Rated 4.2 stars 4.2/5
Usability Rated 3.4 stars 3.4/5
Customer Service Rated 3.8 stars 3.8/5
Research Capabilities Rated 2.0 stars 2.0/5

Based on 5 Votes by RMoney Customers

Do you trade with RMoney? Rate RMoney


RMoney Complaint

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 2022-23 4,085 7 0.17%
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%
NSE 2017-18 2,015 1 0.05%
NSE 2016-17 1,692 1 0.06%
BSE 2016-17 719 1 0.14%

* 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.



RMoney Short Selling

  1. Equity Intra-day Segment - Raghunandan Money allow short selling in Equity Intra-day segment.
  2. Equity F&O Segment - Raghunandan Money allow intraday and overnight short selling in Equity F&O segment.
  3. Commodities - Raghunandan Money allow short selling in Commodity trading at MCX and NCDEX.

Raghunandan Money Demat Charges

RMoney Demat Fee Explained

ID

Transaction

Charges

1

Demat Account Opening Charges

Rs 0

2

PoA Stamp Paper Charges

Rs 0

3

Annual Maintenance Charges (AMC):

 

a. Individuals

Lifetime FREE Demat: Rs 0

 

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 (Trade with the best stock broker)

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.


11 Comments

11. M Pavan Kumar   I Like It. |Report Abuse|  Link|Aug 18, 2022 5:29:28 AMReply
Third class, hopeless and useless Broker. Poor customer care. They were demanding POA and not updating nomination. I have sent account clouser form one month ago. They are neither responding nor closing account .
10. sunil   I Like It. |Report Abuse|  Link|Apr 8, 2022 4:05:10 PMReply
Looks like they are fraud. IPO stocks are available after 1 day and if you call them they are telling just buy or sell by call dont do from online trading app.

IPO information is also not correct it looks like they are adding purchase Stock info manually lot of issues.


Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Average
Overall Experience - Very Poor
9. Administrator   I Like It. |Report Abuse|  Link|Aug 18, 2018 10:39:38 AMReply
I was looking for a discount broker who offers ODIN as I am use to of this. Happy to find them.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Average
Overall Experience - Above Average
9.1. mithu   I Like It. |Report Abuse|  Link|Mar 26, 2022 2:46:46 PM
odin is not uptu the mark .old version require efforts to log in .and mainly they take long time in offline account opening and many times reject account opening application like poa etc
8. mithu   I Like It. |Report Abuse|  Link|Mar 26, 2022 2:34:36 PMReply
for poa activation they harass clients by rejecting poa application for signature mismatch and if they are low cost broker but their platform is not good enough have many issue of trade executing. jelpline is jam always .s o for s e curity switch to other brokers and dont waist ur time in account opening and they take take long time open the account
7. charul shrivastava   I Like It. |Report Abuse|  Link|May 23, 2019 11:03:34 AMReply
Like everything

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
6. pawan   I Like It. |Report Abuse|  Link|Jun 17, 2020 6:05:21 PMReply
after submitting the application they changed the brokerage and said that brokerage is according to state wise and free on delivery but they did not mentioned it anywhere so this is fraud.

please ensure first before opening account with this company.
5. Naveen   I Like It. 1|Report Abuse|  Link|Nov 24, 2019 2:22:25 PMReply
The saddest part is they have been harassing me for more than 2 months when I have been behind them to open a demat account.
5.2. Manish   I Like It. |Report Abuse|  Link|Feb 25, 2020 8:25:40 PM
They are not opening account.
5.3. Manish   I Like It. |Report Abuse|  Link|Feb 25, 2020 9:31:08 PM
yes poor broker
4. Yagnesh   I Like It. |Report Abuse|  Link|Feb 24, 2020 1:40:11 AMReply
Been using this since last 1 year, it's was nice experience

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
3. Deepak   I Like It. |Report Abuse|  Link|Feb 4, 2019 9:52:43 PMReply
How much money can I withwan
2. Hemant   I Like It. |Report Abuse|  Link|Oct 30, 2018 9:12:04 PMReply
In my view Rmoney is the best broker. The reasons are they are having free call n trade facility,zero AMC ,zero account opening charge, amazing discount brokerage plan.plus they are giving guest login option in their app I.e quick

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
1. Vishal   I Like It. |Report Abuse|  Link|Sep 24, 2018 11:15:56 AMReply
Overal Rmoneyindia is improving day by day and try harder to make its presence by providing competitive plans along with FREE CALL & TRADE... its the USP of Rmoneyindia.




Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Above Average

Are you a Zerodha Customer?