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RK Global Review, Brokerage Charges, Demat A/C, Platforms & more

RK Global is arguably one of the fastest growing stockbroking companies in India. They have pretty much covered all the stock trading products and services backed by decent stock trading platforms. They offer a different pricing structure, mostly in the form of executive orders.

Another different approach is that they don’t have any physical branch of operation. They operate everything online; although they provide quite compelling customer support.

However, over the years, many complaints have been issued against them,  and they often fail to provide adequate stock trading offers to their trading associates.

However, that didn’t stop their fantastic progress as a full-service stockbroking company. Instead, with 243 customer reviews, they have achieved some staggering feet over the years.

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RK Global Customer Ratings & Review

RK Global Customer Ratings & Review

About RK Global

Overview
Company TypePrivate
Broker TypeDiscount Broker
HeadquartersNew Delhi, Delhi
FounderSushil Kumar Dhancholia
Established Year1999

The company was established in the year 1999, spearheaded by Sushil Kumar Dhancholia. The headquarter is in New Delhi and remain their only operating unit since they operate remotely.

Soon, they obtained membership in almost all the renowned stock trading institutions like NSE, BSE, MCX, NCDEX, MCX-SX, and NSDL.

Since 2007, they have registered the highest number of clients with over 200% overall growth. They are now offering their services to 150+ cities all over the country. Over 90,000 traders are associated with them and counting more every day.


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RK Global Brokerage Charges

Brokerage Charge & Fees
Equity Delivery TradingRs.9 per Executed Order
Equity Intraday TradingRs.9 per Executed Order
Commodity Options TradingRs.9 per Executed Order
Equity Futures TradingRs.9 per Executed Order
Equity Options TradingRs.9 per Executed Order
Currency Futures TradingRs.9 per Executed Order
Currency Options TradingRs.9 per Executed Order
Minimum BrokerageRs.9
Demat AMC ChargesRs.250 per Annum
Trading AMC ChargesFree
Margin MoneyZero Margin
Brokerage CalculatorRK Global Brokerage Calculator

RK Global deals with all the stock trading activities like Equity Delivery, Equity Intraday, Commodities, Currency and more. Interestingly, they have set a slab of a minimum brokerage of ₹9.

So, all the fee they charge is for each executed order at the rate of ₹9. This fee applies to all their stock trading services they offer.

There is no Margin money threshold; however, they provide an exclusive Brokerage Calculator to calculate the exact brokerage fee.


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RK Global Charges

Other Charges
Transaction Charges0.00312% of Total Turnover
STT0.0112% of Total Turnover
SEBI Turnover Charges0.0007% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

Apart from the different fees structure, RK Global charges the additional fees in the conventional percentage structure. For the Transaction fees, they charge 0.00312%, whereas they charge 0.0112% for STT, and 0.0007% for SEBI Turnover.

All these fees are calculated on the total turnovers. Moreover, there is the Stamp Duty fee, which is variable from one state to another. Finally, the GST fee of 18% calculated on the total summation value of the Brokerage fee and the Transaction fees.

The traders should not get disappointed as these are very nominal fees, and will not affect the profit margin drastically.


RK Global Demat Account Opening Fees

Demat Services
Depository SourceCDSL & NSDL
Account Opening ChargesRs.200
Demat AMC ChargesRs.250 per Annum
Trading AMC ChargesFree
Margin MoneyZero Margin
Offline to OnlineYes

RK Global charge a registration fee of ₹200 for opening up a new account with them. The account consists of a Demat and a Trading account.

There are no additional fees involved to open these accounts; however, for the Demat account, there will be an AMC fee of ₹250 per annum. There is no cost involved for the AMC of the Trading account, however.


RK Global Offers

Offers
Free Demat AccountNo
Free Trading AccountYes
Discount on BrokerageNo
Trading Happy HoursNo
Flexible Brokerage PlansYes
1 Month Brokerage FreeNo
Holiday OffersYes
Referral OffersYes
Zero Brokerage for Loss Making TradesNo

The security offers that RK Global provides often considered inadequate if compared to other stockbroking companies. We know already that they are involved in Demat and Trading account activities and charge ₹250 for AMC of the Demat account.

The Trading account activities are free, however. They offer flexible brokerage plans along with some attractive holiday offers and referral programs.

However, the lack of Happy trading hours or occasional discounts in brokerage fee adds disappointment among the traders.

To add to that, they don’t compensate or give rebates on the brokerage fees while doing unsuccessful trading. There is no 1-month free brokerage service up until yet.


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How to open Demat Account with RK Global?

RK Global provides a seamless procedure to open an account with them as they mostly work remotely. Here are the steps:

  1. Click on the green “OPEN DEMAT ACCOUNT” and then fill up the form.
  2. The traders must fill up the call back form and wait for their representative to call.
  3. The representative will ask for the necessary KYC documents that the traders must submit and pay ₹250 as the registration fee.
  4. Then they will provide the login details of the account along with the Demat and Trading account details.

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Why Open RK Global Trading Account?

There is no doubt that RK Global is one of the renowned names in the stock trading industry. Therefore, there should be some pros; here are those:

  • They provide a variety of stock trading products and services. So, a one-stop destination.
  • The unique pricing structure is profitable most of the cases for the traders. The traders can calculate the exact brokerage fee by using their dedicated Brokerage calculator.

RK Global Products & Services

List of products & services provided to its clients

RK Global Products:

Products
Equity TradingYes
Commodity TradingYes
Currency TradingYes
OptionsYes
FuturesYes
Mutual FundsYes
ForexNo
BankingNo
SIPYes
InsuranceYes

RK Global, as mentioned before, is a stop destination for all stock trading activities which not only includes Equity Trading, Commodity Trading, and Currency Trading, but also deals with Options, Futures, and Mutual Funds related activities. Apart from that, SIP and Insurance are also in their product list.

RK Global Services:

Services
Demat ServicesYes
Trading ServicesYes
3 in 1 AccountNo
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsNo
Robo AdvisoryNo
PMSNo
Trading InstitutionNo
Trading ExposureUpto 5X

When it comes to stock trading services, they mostly disappoint their traders. Apart from Intraday and IPO services, they don’t primarily provide any significant stock trading services such as Stock Recommendations, Robo Advisory, or PMS related services.

However, they of course deal with Demat and Trading account related activities. One surprising fact is RK Global is not an official Trading Institution, in spite of that, they manage to offer up to 5x trading exposure.


RK Global Research, Advisory & Stock Tips

Research & Advisory
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsNo
Top PicksNo
Daily Market ReviewYes
Monthly ReportsYes
Weekly ReportsYes
Offline AdvisoryNo
Relationship ManagerNo

RK Global delivers a below standard Research & Advisory services when compared to its rival companies. Let’s take a look at what they are offering:

  • They provide free stock tips.
  • They provide daily, weekly, and monthly Market reviews.

RK Global Exposure or Leverage

Exposure / Leverage
Equity DeliveryUpto 2X
Equity IntradayUpto 5X
Equity FuturesUpto 3X
Equity OptionsUpto 3X
Currency FuturesUpto 2X
Currency OptionsUpto 2X
CommoditiesUpto 2X
Margin CalculatorRK Global Margin Calculator

Here is another area where RK Global mostly disappoints. For Equity Delivery, they offer a maximum of 2x Exposure or Leverage.

The same ratio is also applicable to Currency Futures, Currency Options, and Commodities, which up to 2x. Their best offer is for the Equity Intraday, which is a maximum of 5x, whereas, for Equity Futures and Equity Options, they offer up to 3x. RK Global, however, delivers a dedicated Margin Calculator as well.


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RK Global Trading Platforms

Trading Platforms
Desktop Platform – WindowsYes
Desktop Platform – MacYes
Desktop Browser PlatformYes
Mobile Site PlatformNo
Android App PlatformYes
iOS App PlatformYes
Windows App PlatformNo
Other Mobile OS PlatformNo
Real time UpdatesYes
Portfolio DetailsYes
Online MF BuyNo
News FlashYes
Research ReportsNo
Easy InstallationYes
Global IndicesYes
Stock TipsNo
Personalized AdvisoryNo
Interactive ChartsYes
Live MarketsYes
SMS AlertsNo
Email AlertsYes
Multi Account ManagementNo

RK Global delivers services virtually from their headquarter in New Delhi. Therefore, people expect a robust trading platform experience. Unfortunately, they fail to provide some standard features which other stockbroking companies offer. Here is a list what they offer:

RK Global Trading Terminal:

They offer a desktop application as a trading platform which supports both Windows and Mac operating system. Yes, it comes with an Easy Installation option but lacks essential features like Online MF Buy, Research Reports, and Stock Tips.

RK Global Web Trading Platform:

Just like the desktop application, they also offer a browser version trading platform. Unfortunately, this version is not browser responsive and therefore, can’t be accessible smoothly in mobile devices. Much like the desktop application, it also misses those essential features.

RK Global Mobile Trading App:

RK Global also provides a mobile app as a trading platform which supports both Android and iOS. It comes with similar functionalities and lacks the same features. However, the email alert feature is enabled in this platform.


RK Global Customer Support

Customer Support
Dedicated DealerNo
Offline TradingNo
Online TradingYes
24*7 SupportNo
Email SupportYes
Chat SupportNo
Toll Free NumberNo
BranchesZero

RK Global is a company that works virtually across the country. They don’t have any branches or dedicated dealer service as they offer services only to online traders. Their email service is robust and active, therefore, capable of fast problem escalation.


RK Global Complaints & Feedback

Complaints (Current Year)
Lodged in BSE35
Resolved in BSE31
Lodged in NSE48
Resolved in NSE46

There are numerous complaints issued against RK Global over 20 years of operation. From BSE, a total of 35 complaints issued where 31 of them have been resolved. Similarly, from NSE, 48 complaints issued out of which 46 of them resolved successfully. So, one can say they are struggling in this section.


RK Global Disadvantages

Like every stockbroking company, RK Global is not perfect, and here are their drawbacks:

  • Stock trading offers needs serious improvements when compared to its rival companies.
  • Trading Platforms need severe renovation and upgrades.
  • The complaints which are issued against them are too many to overlook and hence a negative factor in the overall user experience.

RK Global Conclusion

RK Global celebrated its 20 years of operation, and it has been a roller coaster ride for them and their trading associates as well. On the one hand, they are arguably one of the fastest-growing stockbroking companies.

On the other hand, a total of 83 complaints have been issued against them from both NSE and BSE, out of which 77 have been resolved; 6 aren’t. So, there are some genuine issues that need some serious attention. Apparently, they are degrading their overall user experience.


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