Zerodha or Upstox ( RKSV )

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.

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 ?

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 ?

i also planned to open in zerodha or rksv.

@topgear
better we go with rksv ??

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.

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

i prefer zerodha …
rksv and zerodha r both equally good..

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.

Is demat free for lifetime without AMC in RKSV?

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 ). Stocks that require settlement are those pledged by clients as margin for trading F&O.

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

Looking at first quarter 2017 sometime.

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.

Risks involved with these discount brokers. Take with a pinch of salt as this article might be paid one because it tries to show a new discount broker “PROSTOCKS” in a good light

http://www.chittorgarh.com/article/prop-trading...

Hmm .. will go through that. Thanks for mentioning.

I’ve around Rs. 150 is my trading acc. and only transfer funds before buying shares. So I’m good I guess

i will prefer ZERODHA

Upstox now charging for Opening Trading and Demat Account. Also, Zero AMC Removed.

Every year they r coming with free account opening & amc in December

Now everyone is charging for account opening and amc .any suggestions to avoid those charges?

why are you all worried about account opening charges. worry about platform , ease of use, reliability etc

Opened with Prostocks, but not happy. Moved to Zerodha now. Prostocks, android app is not smooth.
Any better than both these then pls suggest.
I want smoothness with Quick execution.

No issues with Amc etc

Which one trading platforms are are more easy and reliable?
Upstox or Zerodha

Reliable both but interface wise Zerodha best. Have accounts in both ( me and bro ) so I know.

I think mobile app of upstox is best in the industry, also heard that zerodha kite is hanging very frequently in recent times. Completely satisfied with upstox.

If you need any help in upstox, pm me.

mobile app of upstox is really good and for the advantage point you get to choose themes. On the Other hand kite ( zerodha ) offers also a very good mobile app but only con is no themes but if bright white color is not what you like you can always use invert color option to make the screen dark.

BTW, so far did not faced any hanging issue in either of the apps and used them on different android version and on different smartphone even on custom OS. cheers.

I’m done with these two. they are good at glitches.

I have been with zerodha 4 years now . it’s good . There may be few new online discount brokers came to market . You can check few websites like http://comparebrokersind...om, http://topbrkoresindia.com,http://top10bokersin...

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