Last updated on January 11th, 2017
“RKSV Securities Review“
RKSV Securities India Private Limited is a discount share broker headquartered at Mumbai. It was started by three entrepreneurs after returning from US.RKSV stands for the letters of the owners of the company namely, Ravi Kumar, Raghu Kumar, and Shrinivas Viswanath.
Currently they are operating from three location Mumbai, New Delhi and Bangalore. RKSV offers services across all segments like Equities, Futures, Options, Currencies and Commodities.
RKSV Securities Brokerage Charges
You pay a flat brokerage of Rs20 for every executed order. If order is not executed, there will be no charges. With this plan you dont have to pay monthly fees (Click here for more details about Brokerage Plan). This brokerage is equal for all the segments i.e Equities, Futures, Options, Currency Futures and Options, and MCX Futures.
RKSV Securities Brokerage & Span Margin Calculator
RKSV provides a useful brokerage calculator using which you can have all the details of the expenses you are going to incur whenever you initiate a trade. You can easily find out whether your trade will be in profit or loss using the calculator. Calculate your break even point using the “RKSV Securities Brokerage Calculator”
RKSV also provides Span margin calculator, with this you will be aware of the margin requirements before initiating the trade itself. You can construct your portfolio and understand the margin and exposure requirements. Checkout the “RKSV margin calculator“
Important Update on RKSV: Starting May 2016, RKSV has started Margin Against stocks (Also called Pledging or Collateral). Clients can leverage shares in their demat accounts to obtain margin funding required to make trades. This margin can be used for taking intra-day and overnight positions.
RKSV Securities Trading Platforms
RKSV Securities offers NEST platform for their clients free of cost. NEST Trader is a complete trading solution for Investors and Traders, developed by Omnesys Technologies Pvt. Ltd. NEST iswell known for its ease of use, its extensive feature set, it’s very low latency order flow mechanism, complete tick by tick market data, multi market access from a single front end, comprehensive and sophisticated risk management.It is one of the fastest, most reliable and user-friendly platforms available in the country today.
RKSV offers NEST for all modes namely Desktop (Software), Web based and Mobile
RKSV NEST Trader (Desktop)
RKSV Securities Mobile Trader:
RKSV Fund Transfer
Pay in (Deposit):You can transfer funds into your Trading Account via the following methods.
1. Through NEST Trader- You can transfer the funds from the linked bank account through the NEST. Your account will be immediately reflected with the fund transferred.But mind you it will costs Rs.7 per transfer. And the maximum amount you can transfer is limited to Rs 5,00,000 per transfer.
2. NEFT/RTGS – Funds can be transferred electronically to your trading account from any of the linked bank via NEFT/RTGS. You will not be charged for NEFT/RTGS transfers
3. Cheque Deposit – You can transfer funds to your trading account by cheque from any of your linked bank account. You are required to send the scanned copy of the cheque toRKSV
Pay out (Withdrawal):A payout can be requested through RKSV back office. Your withdrawal request will be processed by RTGS/NEFT transfer. You will be charged Rs5 to Rs25 per transaction for NEFT and Rs30 to Rs55 per transactions for RTGS.
RKSV in comparison with other Brokers
Check out how RKSV equates with other Brokers
|RKSV Comparision Matrix|
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|RKSV Vs TradeSmartOnline|
| RKSV Securities Vs Zerodha
Is RKSV Securities Right for “YOU”?
Like any other discount brokers, RKSV Securities does not offers services in IPO, FPO, Mutual Funds and Offer For Sale (OFS). So RKSV is not for you if you are planning to do any investments in these segments.
RKSV does not offer 3-in-1 account like axis direct or ICICIdirect, so you need to keep in mind that, everytime you should transfer the funds to RKSV account before start trading, not a big disadvantage though. But it will cost you a dime when you withdraw the funds.
RKSV Securities Account Opening:
Visit RKSV website and fill in your details in the form, a dedicated representative from RKSV will contact you soon and guide you about account opening procedure in details and clear all the queries if you have any. Alternatively, you can fill in the below form if you want to send any specific message to RKSV
RKSV Registration and Contact Information:
RKSV SEBI Registration NSE CM: INB231394231 | NSE F&O: INF231394231 | NSE CDS: INE231394231 | CDSL: IN-DP-CDSL- 00282534 | NSDL: IN-DP-NSDL-11496819 | BSE CM: INB011394237 | BSE F&O: INF 011394237 | CDSL: IN-DP-CDSL- 00283831 | NSDL: IN-DP-NSDL-11497282 | RKSV Commodities MCX Member Code: 46510 | FMC Regn. No. MCX: MCX/TM/CORP/2034. Registration Date: July 23, 2010
RKSV Securities Contact: Registered Address: RKSV, 807 New Delhi House, New Delhi 110001. Corporate Office: 212 Trade Centre, BKC, Bandra (E), Mumbai 400 098 Contact Number : +91-22-6130-9999 New Customers : [email protected] Existing Customers : [email protected] Back Office : [email protected] RKSV Securities Complaints or Grievances : [email protected]
Also Read: Top 10 Stock Brokers of Indian Stock Markets
That’s about the review of the RKSV securities. Finally we leave you with Why RKSV information put up on their website. If you already have account with them, please provide your ratings and share your experience through the comments.