Zerodha or RKSV

Hi Friends,
I have decided to open a trading account but I'm confused between Zerodha/RKSV..Has anyone opened an account and trading with any of these brokers who can share their experience please?

I opened account with Zerodha, but did not use it yet, as i like RK Global interface better (As i give more preference to interface) ....

Zerodha is very much cost effective ... One of my colleague uses it and it works fine as expected and he has not had any issues so far ...

no idea about RKSV ... But, with unlimited plans, you are committing yourself to trade every month ... In other words, even if you do not trade in a month, you are still charged 2000 Rs or 3000 Rs per month .... You can rather go ahead with Zerodha which charges per transaction (unlimited lots)

Originally Posted by rmani84

I opened account with Zerodha, but did not use it yet, as i like RK Global interface better (As i give more preference to interface) ....

Zerodha is very much cost effective ... One of my colleague uses it and it works fine as expected and he has not had any issues so far ...

no idea about RKSV ... But, with unlimited plans, you are committing yourself to trade every month ... In other words, even if you do not trade in a month, you are still charged 2000 Rs or 3000 Rs per month .... You can rather go ahead with Zerodha which charges per transaction (unlimited lots)

hi... sir i like to share my experience with zerodha....no idea about RKSV ..but iam using zerodha for ur one rupee technq..they given franchisee to brokerage-free(salem based broker firm)..i opened accunt with them..absolutely no problem with them..still now iam comfortable..prompt services in pay-in,pay-out,mailing contract note etc.. they are giving 60 day money back challenge ...if u have confident in ur trading system u can start that challenge also... thank u

Originally Posted by rmani84

I opened account with Zerodha, but did not use it yet, as i like RK Global interface better (As i give more preference to interface) ....

Zerodha is very much cost effective ... One of my colleague uses it and it works fine as expected and he has not had any issues so far ...

no idea about RKSV ... But, with unlimited plans, you are committing yourself to trade every month ... In other words, even if you do not trade in a month, you are still charged 2000 Rs or 3000 Rs per month .... You can rather go ahead with Zerodha which charges per transaction (unlimited lots)

Thank you Mani..I have heard RKG uses ODIN and have heard a lot of problems with ODIN.. Is it true?

Originally Posted by shakthi

hi... sir i like to share my experience with zerodha....no idea about RKSV ..but iam using zerodha for ur one rupee technq..they given franchisee to brokerage-free(salem based broker firm)..i opened accunt with them..absolutely no problem with them..still now iam comfortable..prompt services in pay-in,pay-out,mailing contract note etc.. they are giving 60 day money back challenge ...if u have confident in ur trading system u can start that challenge also... thank u

What is 60 day challenge?

Hi Pawar.I was in the same stage some months back.I had a very bad experience with my previous broker.Then I came to know about Zerodha .Did some research abt it and then I opened an account with them. Since then I am having a peaceful trading experience both cost wise and service wise.Also these guys give algorithm trading for free which helps me a lot.I would say Zerodha is better based on my experience. Also a bigplus is these guys provide html5 web version which helps me trade in the office.so giv it a shot.And if you opt for RKSV by any chance, please let me know your experience with them. Goodluck

Originally Posted by RPawar

Thank you Mani..I have heard RKG uses ODIN and have heard a lot of problems with ODIN.. Is it true?

I only use web interface with RK Global which works perfectly fine for me ... I do not know about their ODIN as i never use it ....

Originally Posted by RPawar

What is 60 day challenge?

zerodha offers 60 day challenge..u have to register in that ..then start ur trading..after 60 days if ur account shows profit then they give back all the brokerage u paid to them in those days and more benefits un will get ...go to their website u ll understand better...thank u

Hey team!

First want to introduce ourselves as RKSV. Came through your site and saw that there were some questions about us. Will try to clarify as much as possible from our side.

1) We have two plans -- Dream Plan & Freedom Plan. Dream Plan has no commitments, no monthly fee -- it's just 1 paisa brokerage/max Rs 25 per trade (whichever is lower).

2) Freedom Plan will not bill you if you don't trade for a particular month. Way it works is that if you are on the Freedom Plan, we debit you the monthly fees on the beginning of the month. At the end of the month, if there are no trades done, then we credit the amount back into your account. This has always been the policy since day one so it helps if you have stopped trading for a while.

Also, you can switch to dream plan from freedom plan and vice-versa anytime.

Hope that helps!