Zerodha or Upstox ( RKSV )

Zerodha or Upstox ( RKSV )

575°
Redhat
Deal Subedar
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Please help me decide which one to go for. Mainly I’m looking for :

1. Ease of opening an account.
2. Least possible charges overall anually
3. Relibily of the website or app
4. Other options or feature I should be aware about.

Btw, Can anyone also give me a little idea about Future and Options and Comodity trading in simple english https://cdn1.desidime.com/assets/textile-editor/icon_biggrin.gif Fir now I’ll stick with Equity trading only to play safe.

51 Comments  |  
24 Dimers
Missing
Deal Lieutenant
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Even I was contemplating opening an account in the name of a family member for IPOs and came across the below link. Also RKSV account opening form said that account can be opened in minutes without the need of sending documents if we verify through aadhar OTP. Just do some further research/seek clarification about the charges. I don’t see any difference between Zerodha/RKSV in terms of brokerage/charges but their trading platforms might be different. I personally use RKSV and mostly use their Upstox app which I find it really good. Can easily use on the move and has a bunch of features (not comparing with zerodha because I really don’t know how it its). But I believe zerodha is big compared to RKSV (a criteria for trusting the brokerages) but RKSV can now be trusted easily as they are not running away anytime soon.

http://www.chittorgarh.com/stockbroker/rksv-sec...

If you are considering discount brokerages it is better to stick with these two (even though other brokerages offer unlimited plans). Also remember you can’t apply for OFS through these discount brokers and mostly 3-in-1 brokerages like SBI capsec, ICICI provide that facility.

In simple english you can avoid FnO and commodity and stick to cash trades be it intra day/short term. Once you get to know that you will learn about others eventually.

Redhat
Deal Subedar
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Okay, Thanks for all the info. As you have said you have an account with RKSV can you answer few of my questions :

1. Account Opening Charges
2. Annual Maintenance Charges ( Zerodha charges Rs. 300 )
3. As I’ll stick with equity trading only ( and need to open a demat account ) a bank account statement is really necessary for RKSV ?
4. My mobile number is not linked with my AAdhar so I need to manually send the forms ( and other documents ) to RKSV .. so please help me with the their account opening charges ( Zerodha charges Rs. 400 here )
5. After sending the documents how long it takes for RKSV to open my trading and demat account ?
6. Demat account opening charges ?

Missing
Deal Lieutenant
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topgear wrote:

Okay, Thanks for all the info. As you have said you have an account with RKSV can you answer few of my questions :

1. Account Opening Charges
2. Annual Maintenance Charges ( Zerodha charges Rs. 300 )
3. As I’ll stick with equity trading only ( and need to open a demat account ) a bank account statement is really necessary for RKSV ?
4. My mobile number is not linked with my AAdhar so I need to manually send the forms ( and other documents ) to RKSV .. so please help me with the their account opening charges ( Zerodha charges Rs. 400 here )
5. After sending the documents how long it takes for RKSV to open my trading and demat account ?
6. Demat account opening charges ?

When I opened an account some 10 months back they had some introductory offer and everything including demat AMC is free for me. For other charges you need to contact them and clarify.

A bank account is definitely necessary but they won’t expect you to send them any bank attested copies (self-attestation maybe required). You can just take a simple printout from net banking and send it to them.

Now they claim they would process the application in 3-5 days if everything is in order. They took 2 weeks for me 10 months back.

Read the link I have mentioned in my previous post for some more info. Though the website claims the below charges (none actually) it is better to ask RKSV Customer support. Thy are quite helpful

RKSV Brokerage Charges 2016

Trading Account Opening Charges (One Time): Nil
Trading Annual maintenance charges (AMC): Nil
Demat account Opening Charges (One Time): Nil
Demat Account Annual Maintenance Charges (AMC): Nil

Redhat
Deal Subedar
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OKay got some info. RKSV now charges Rs. 350 for account opening and Rs. 300 annually for AMC of Demat account.

So now it all comes to the platform reliability. Hear that trading on zerodha platform has bugs and glitches for whch many issues arise. But I think lots of dimers here are trading with zerodha and these bugs can be fixed with update always. So help me with how stable is zerodha’s trading platform now.

Also how good is Share Khan ?

Missing
Deal Lieutenant
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topgear wrote:

OKay got some info. RKSV now charges Rs. 350 for account opening and Rs. 300 annually for AMC of Demat account.

So now it all comes to the platform reliability. Hear that trading on zerodha platform has bugs and glitches for whch many issues arise. But I think lots of dimers here are trading with zerodha and these bugs can be fixed with update always. So help me with how stable is zerodha’s trading platform now.

Also how good is Share Khan ?

Found this page which says no Maintenance Charge. Did you ask their customer care or was it from some web post?

https://upstox.com/demat-ac...t/

Avatar
Deal Subedar
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i also planned to open in zerodha or rksv.

@topgear
better we go with rksv ??

Redhat
Deal Subedar
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rsai01 wrote:

Found this page which says no Maintenance Charge. Did you ask their customer care or was it from some web post?

https://upstox.com/demat-ac...t/

Here’s the link :

http://help.rksv.in/support/solutions/articles/...-

http://rksv.in/knowledge-base/fees-and-ch...s/

BTW, the link you mentioned quotes :

Selling – Rs. 13.50 per stock per day. Don’t you think there’s something wrong because as far as I know RKSV / Upstox only charges Rs. 20 per order.

Redhat
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desibuddy wrote:

i also planned to open in zerodha or rksv.

@topgear
better we go with rksv ??

My mind says RKSV but heart says Zerodha https://cdn1.desidime.com/assets/textile-editor/icon_biggrin.gif

We can decide if some senior dimers can help us out regarding this or who has accounts with both of them. Let’s wait a bit and help each other with all the infos we can get.

Missing
Deal Newbie
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Hey all,

I work at Upstox and came across this thread. Those knowledge base articles are outdated. We don’t charge any fees for account opening or for annual maintenance charges.

Extremely sorry for any misinformation communicated through those links. We’ve gotten them fixed right away.

Cheers and happy trading.

Missing
Deal Lieutenant
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shrinivas.viswanath253 wrote:

Hey all,

I work at Upstox and came across this thread. Those knowledge base articles are outdated. We don’t charge any fees for account opening or for annual maintenance charges.

Extremely sorry for any misinformation communicated through those links. We’ve gotten them fixed right away.

Cheers and happy trading.

Thanks for the info

@topgear

@desibuddy

Missing
Deal Subedar
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The transaction charges (charged as a % per crore of your transaction – in F&O or commodities, you can trade a few crores in intra day even if you own just few thousand rupees) is a killer with all these brokerages.

I remember reading that this %age is based on brokerage’s total daily transactions with the exchange. It reduces as the total volume goes up. But these brokerages charge the max slab even though their volumes qualify for offering lower slabs to their customer – there by pocketing the excess charged.

With intraday trading, while 0rs or 20rs per order brokerage looks cheap, and you execute plenty of orders with a hope of earning a lot of money, you will be shocked to see your total outflow as various charges/taxes can run into 1000s. And, if you are on the losing trades, you can visualise how much it would cost you.. Basically, make sure you understand all charges & use the brokerage calculator to understand the underlying “total cost of trade” (at least i

132
Deal Subedar
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i prefer zerodha …
rksv and zerodha r both equally good..

Missing
Deal Newbie
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Hi,

Yesterday i opened the account with RSKV (Upstox) with the help of adahar details. and the process is very smooth.

Below is the mail which i received from RSKV with the required details.
-—————————————————————————————————————————————————————————————————————————————————————————
Dear Adarsh Kumar ,

Welcome to RKSV, India’s leading broking firm with over 35,000+ clients contributing to a daily turnover of over $1 billion (7000 Crores) across all major exchanges in India.

Here’s some information on us!

Promotional Offers

Free A/C opening and no AMC for lifetime.

Brokerage

Equity Delivery is Free for lifetime and Brokerage for Equity intraday / Future / Currency would be Rs. 20 per order traded or 0.01%.
Brokerage for Option would be Rs. 20 per order traded.
Technology

We’ve got the best mobile app in the country: Upstox Pro Mobile.
Never download desktop trading software ever again! Upstox Pro Web allows you to trade right on your favorite browser.
Tools

Margin against shares to help you pledge your shares and trade with us.
Trading tools Brokerage calculator and Span Calculator will tell you how much you save on brokerage.
Margins

4x exposure on Futures and CDS segments.
15x exposure on NSE Cash/Equity, 20x exposure on BSE Cash/Equity.
4x exposure on intraday for selling options (SPAN + Exposure margin).
Enjoy higher intraday leverage through Cover Orders and Bracket Orders.
Education

Visit Knowledge Base to lean more about RKSV.
Visit Trade Academy to educate yourself on trading strategies.
Referral Program

Our referral program helps you earn 10% of all referee income. More details can be found here.

Open your account in 5 minutes!

Visit new.upstox.com
Register yourself!
Go through the account opening pages.
Download and print the forms.
Attach the mandatory proofs as per the list, Click here.
Call us at 022-6130-9999 if you require any assistance in helping you open your account.

Here’s the address you need to courier the forms and the mandatory proofs to:

RKSV Securities India Pvt. Ltd/Upstox

Salasar Business Park,
Off 150 Feet Flyover Road,
Bhayandar West, Thane, Maharashtra 401101
Need Help?

If you have any questions at all, feel free to call us anytime. We’re here to help you!

Simply call 022-6130-9999 or reply to this email.

Click Here to get yourself a brokerage credit of Rs. 500 by getting your application submitted through our E-Aadhar process within 10 minutes!!

Have a great day!
-———————————————————————————————————————————————————————————————————————————————————————————-

Hope this is Helpful. https://cdn2.desidime.com/assets/textile-editor/icon_smile.gif

Avatar29868 1
Deal Cadet
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Is demat free for lifetime without AMC in RKSV?

Shutterstock 1013504321
Deal Lieutenant
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Everybody should Keep in Mind that If Broker Went bankrupt somehow By Margin against shares Possible that U will also in trouble if u have account with them
RKSV is good broker bt do Margin against shares
When Zerodha Dont (they have plan though)

So Prefer Zerodha Brokerage is same and if they charge 300 amc I wouldnt Mind cuz My Lakh of worth holding feeling safe

Although anything happened with ur holding u can claim at NSE upto 15 Lakh

There are many incident where ppl lose their holding bcuz of broker

How does Settlement work at Zerodha?

Settlement of stocks

Unlike traditional brokers, at Zerodha we don’t hold back client stocks in our pool account. This is because currently we don’t offer margin trading facility and hence all the stocks are fully paid for. Whenever our clients buy stocks, they’re transferred to their respective demat accounts. (P.S: We’ll be starting margin trading facility in the future https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif). Stocks that require settlement are those pledged by clients as margin for trading F&O.

Missing
Deal Subedar
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i am using icici direct,how is zerodha compared to icici direct?

Missing
Deal Newbie
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shrinivas.viswanath253 wrote:

Hey all,

I work at Upstox and came across this thread. Those knowledge base articles are outdated. We don’t charge any fees for account opening or for annual maintenance charges.

Extremely sorry for any misinformation communicated through those links. We’ve gotten them fixed right away.

Cheers and happy trading.

Any update on when the option to buy mutual funds are coming?

Bal ganesh
Deal Lieutenant
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94
3212
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Account opening charges, time taken and AMC are nothing to ponder if you are serious in stock trading.
If you think and compare so much about these charges and even brokerage as you are beginner,
I guess it would be difficult for you to digest the shocks stock market gives however careful you are.
So just go with Zerodha/RKSV, experience yourself for few months then change if you do not like.
I execute trades on Zerodha to save brokerage but do watching on IIFL and some tips/recos from ICICI Direct and Angel Broking hence pay them AMC.

Missing
Deal Subedar
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caks2006407 wrote:

Account opening charges, time taken and AMC are nothing to ponder if you are serious in stock trading.
If you think and compare so much about these charges and even brokerage as you are beginner,
I guess it would be difficult for you to digest the shocks stock market gives however careful you are.
So just go with Zerodha/RKSV, experience yourself for few months then change if you do not like.
I execute trades on Zerodha to save brokerage but do watching on IIFL and some tips/recos from ICICI Direct and Angel Broking hence pay them AMC.

what happens if broker like zerodha or rksv bankrupt?

Avatar29868 1
Deal Cadet
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sukant1989 wrote:

what happens if broker like zerodha or rksv bankrupt?

I do have same doubt

Bal ganesh
Deal Lieutenant
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3212
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Expand
sukant1989 wrote:

what happens if broker like zerodha or rksv bankrupt?

It should not happen under the present system as brokers are authorized to deduct only charges, in case of margin, they are authorized to sell our holding and recover loan(Margin).
They can not touch our money apart from this, this is what I was also told by Zerodha 4-5 years back when I shot the same Q.
Don’t be under impression that money kept(or whatever) in demat to purchase shares is with them, also for shares kept in demat is maintained by CDSL/NSDL centralized bodies under SEBI. They can only see but not touch except for predeclared mandatory charges.
Zerodha I have confidence and trust mainly because of humble and transparent Nithin Kamathji.
@BaMbU

Shutterstock 1013504321
Deal Lieutenant
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shrinivas.viswanath253 wrote:

Hey all,

I work at Upstox and came across this thread. Those knowledge base articles are outdated. We don’t charge any fees for account opening or for annual maintenance charges.

Extremely sorry for any misinformation communicated through those links. We’ve gotten them fixed right away.

Cheers and happy trading.

https://cdn1.desidime.com/assets/textile-editor/icon_eek.gif
Missing
Deal Subedar
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63
1360
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shrinivas.viswanath253 wrote:

Hey all,

I work at Upstox and came across this thread. Those knowledge base articles are outdated. We don’t charge any fees for account opening or for annual maintenance charges.

Extremely sorry for any misinformation communicated through those links. We’ve gotten them fixed right away.

Cheers and happy trading.

Hey what is the year end offer (for new account opening – some gift voucher) that is going on? Share some insight please…

Missing
Deal Newbie
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Expand
dealshunter wrote:

Hey what is the year end offer (for new account opening – some gift voucher) that is going on? Share some insight please…

Ahh — that offer with the gift voucher ended yesterday. There will be another offer for customers who open their account in January. You can open your account fairly quickly with no signature/printing if you have an Aadhaar card.

Missing
Deal Subedar
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shrinivas.viswanath253 wrote:

Ahh — that offer with the gift voucher ended yesterday. There will be another offer for customers who open their account in January. You can open your account fairly quickly with no signature/printing if you have an Aadhaar card.

@shrinivas.viswanath253 Kindly check your message box. Please do the needful asap.

Redhat
Deal Subedar
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Hmm .. will go through that. Thanks for mentioning.

Redhat
Deal Subedar
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I’ve around Rs. 150 is my trading acc. and only transfer funds before buying shares. So I’m good I guess https://cdn1.desidime.com/assets/textile-editor/icon_biggrin.gif

Missing