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RMoney Stock Trading, Demat, Brokerage and Reviews 2018


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 Northern India's commodity trading community.

RMoney has two plans available. The Discount Brokerage Plan is for the customers who can trade with little help from the broker and doesn't need research. The Happy Service Plan is for people who need full services including tools, research and personalized help.

The low-cost online trading and investment is the key offering of RMoney. RMoney charges Rs 0 brokerage for equity delivery. The customer pays flat Rs 18 per trade brokerage for all other segments across exchanges. RMoney also offers Zero AMC Demat account (for no additional cost). The trading software (desktop, web and mobile app) are available free to all its customers. RMoney also offer unlimited free call & trade and a personalized dealer for your trading needs.

RMoney (Raghunandan Money) USP (Unique Sales Proposition)

Following are unique selling points of RMoney Brokerage Services:

  • Ultra-low Brokerage (Max Rs 18 per executed order).
  • Free Call & Trade (Unlimited Calls).
  • Full-service trading account is available for customer who need higher leverage and a dedicated dealer.
  • Lifetime FREE AMC Demat Account available to all customers with no fees or deposit.
  • 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 member to RMoney, you get:

  • Rs 50 per verified referral (irrespective to account opening)
  • Rs 250 for every new account open
  • 10% of brokerage share for every trade your referred customer do.
Special Offer: Free Account Opening + Free Demat AMC for Life + Free Call & Trade

RMoney Rating (by the customers)

2 Votes

Overall Rating Rated 4.0 stars 4.0/5
Fees Rated 4.5 stars 4.5/5
Brokerage Rated 4.5 stars 4.5/5
Usability Rated 4.5 stars 4.5/5
Customer Service Rated 3.5 stars 3.5/5

Do you trade with RMoney? Rate RMoney

Information about RMoney account opening, RMoney open account, RMoney opening charges, RMoney account opening charges, RMoney account opening status, RMoney amc charges, RMoney account charges, RMoney account closure

RMoney's 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)

    This is a trading website which can be accessed from any devices through a browser. Loaded with a wide range of features, the smart trade trading website can be used beginners to traders with very little assistance.

  2. RMoney Active Trade (Installable Trading Terminal)

    Build for active traders, RMoney Active Trade account offers an Installable trading terminal for the computer. The trading platform is highly customizable and offers trading across asset classes.

  3. RMoney QUICK (Mobile Trading App)

    QUICK is an online mobile trading application which is free for all (not just RMoney customers). This 1-in-all app offers everything a trader need including live market feed, ability to place orders, get price alerts and help you track your trades. RMoney QUICK is available for Blackberry, Android and iOS.

    Note that Zero Brokerage clients have access to web-based, installable software based (ODIN), and mobile app for free of cost. No software charges and no brokerage commitments needed to use this software.

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Account Types

RMoney offers 2 trading plans to its customers:

RMoney Trading Plan Comparison

Zero Brokerage Plan

Happy Service Plan

Plan Type

Discount Brokerage Plan

Full Service Plan

Account Opening Fee

₹0

₹0

Life Time Free AMC Demat

Yes

Yes

Call & Trade

Free (Unlimited Calls)

Free (Unlimited Calls)

Trading software

All free

All free

Exchange supported

BSE, NSE, MCX and NCDEX

BSE, NSE, MCX and NCDEX

Personalized Dealer

Yes

Yes

 

 

 

Brokerage Fees

  • Equity Delivery - ₹0
  • All other segments - ₹18/trade

Equity Cash - Delivery (0.10% to 0.40%) | Intra Day (0.01% to 0.04%) | FO (0.005% to 0.02%)

Trading Margin / Limits

Extra trading limits

Ultra flexible trading limits.

Personalized Risk Management

No

Yes (at no extra cost)

Research, Tips & Advice

No

Yes (at no extra cost)

Personalized Trade Assistance

No

Yes (at no extra cost)

Portfolio Analysis

No

Yes (at no extra cost)

RMoney Special Offers

Open an account for free. Get AMC Free Demat account for life and free call & trade for life.

RMoney Brokerage Charges 2018

Account Opening Fees & Annual maintenance charges (AMC)

Trading Account Opening Fee (One Time)

₹0

Trading Annual Maintenance Charges (AMC)

₹0

Demat Account Opening Fee (One Time)

₹0

Demat Account Annual Maintenance (Yearly)

₹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)

    ₹0

    Equity Intraday

    ₹18 per executed order or 0.01% whichever is lesser

    Equity Derivatives (F&O)

    ₹18 per executed order or 0.01% whichever is lesser

    Currency Derivatives (F&O)

    ₹18 per executed order or 0.01% whichever is lesser

    Commodity Derivatives (F&O)

    ₹18 per executed order or 0.01% whichever is lesser

    Note that maximum brokerage of ₹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.

Get detail about RMoney pricing, RMoney brokerage calculater, RMoney brokerage, RMoney plans, RMoney brokerage review, RMoney brokerage plans, RMoney fund transfer, RMoney intraday brokerage, RMoney charges, RMoney charge list, RMoney charges calculator, RMoney prepaid brokerage plans, RMoney yearly charges, RMoney fees, RMoney yearly maintenance charge, RMoney option brokerage and RMoney trading charges.

How to open account with Raghunandan Capital Pvt Ltd?

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.

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RMoney Pros and Cons

RMoney Advantages

  • The company offers both discount and traditional full-service brokerage plans.
  • Discount Brokerage plan is slight cheaper (Rs 18 per trade) then Zerodha and Upstox (Rs 20 per trade).
  • Simple and cheaper brokerage plan of Rs 18 per executed order. This is irrespective of segment (Equity, F&O, and Currencies) or size of the order.
  • A free trading platform including Mobile App, Website and Trading Terminal to all.
  • Offers free technical, derivative and fundamental research & advice to customers.
  • Unlimited Call & Trade is available for free to customers. Most discount brokers charge extra for broker-assisted trades. i.e. Zerodha / Upstox charge Rs 20 extra and 5Paisa charge Rs 10 extra.
  • Personalized dealer (one point contact) is available on request to all.
  • Offer to 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).
  • Flexible trading limits and personalized risk management is available for frequent traders.
  • Short selling is available in Equity Intra-day, derivatives and commodities.
  • Unlike most other discount brokers, company doesn't charge any additional fee for MIS/BO/CO positions closed by the broker.
  • Lifetime Free AMC Demat account is available for no additional cost. Other brokers charge from Rs 1000 to Rs 2000 for this.

RMoney Disadvantages

  • Doesn't offer the 3-in-1 account.
  • High demat debit transaction charges. They charge 0.02% (minimum Rs 15 per debit transaction). Most other discount brokers charge flat Rs 8 per transaction.
  • Physical contact notes are available for ₹20 per contact note.
  • Trading SMS Alerts are available for ₹100 per month per segment.

RMoney Complaints received at BSE / NSE:

Number of customer complained against Raghunandan Capital Pvt Ltd share broker. The Raghunandan Capital Pvt Ltd consumer complaints provide the summary of grievance which went to exchange for resolution.

Raghunandan Capital Pvt Ltd consumer complaints
Exchange Financial Year Number of Clients * Total Complaints **
NSE 2017-18 2,015 1
BSE 2016-17 719 1
NSE 2016-17 1,692 1
BSE 2015-16 646 1
NSE 2015-16 1,645 6
BSE 2014-15 3,226 4
NSE 2014-15 1,370 10
NSE 2013-14 1,223 6
NSE 2012-13 1,417 3
BSE 2011-12 182 2
NSE 2011-12 1,048 1

* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.

** The total number of complaint received against the broker at the given exchange.

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

₹0

2

PoA Stamp Paper Charges

₹0

3

Annual Maintenance Charges (AMC):

 

a. Individuals

Lifetime FREE Demat: ₹0

 

b. Corporates

Lifetime FREE Demat: ₹500

4

Transaction Charges per ISIN (Market Trades):

 

a. Buy (Receive)

₹0

 

b. Sell(Debit)

₹12 for every debit transaction

5

Inter Depository Transfer (Off-Market Trades):

 

a. Buy (Receive)

NIL

 

b. Sell(Debit)

Regular Demat: ₹20 for every debit transaction

6

Dematerialisation Charges

₹20 per DRF + ₹3 per certificate

7

Rematerialisation Charges

₹20 per every 100 securities

8

Courier charges per Demat/ Remat request

Courier charges at actual

9

Pledge per ISIN

₹25 + ₹12 per request (CDSL Charges)

10

Unpledge per ISIN

₹25 + ₹12 per request (CDSL Charges)

11

Pledge Invocation per ISIN

₹20

12

Periodic Statement:

 

a. By Email

Free

 

b. Physical

13

Adhoc / Non Periodic Statement Requests:

 

a. By Email

₹0

 

b. Physical

₹2 per page + Courier charges at actual

14

Delivery Instructions:

 

a. First Delivery Instruction Book

₹0 (free)

 

b. Every Additional Booklet

₹20 (5 leaves)

15

Cheque Bounce/ Per cheque

16

Failed Transactions

₹20 per intimation per instruction

17

Modification in CML

₹20 per request

18

KRA Upload / Download

₹20 per request


Raghunandan Capital Pvt Ltd Reviews

avatar
3. RAMESH KUMAR  Oct 19, 2018 16:28 Reply
EXCELLENT

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
2. Vishal  Sep 24, 2018 10:15 Reply
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
avatar
1. Administrator  Aug 18, 2018 09:39 Reply
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
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