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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