RMoney Review 2024 | Brokerage Charges, Margin, Demat and Demo
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Raghunandan Money (RMoney) Review
‘Investment Khushiyon Ka’ is a tagline of Raghunandan Money (RMoney) signifies that customer’s progress and happiness is the top most priority of the company. This is a very diversified broker offers a wide range of investment options to choose. RMoney acts as a mediator between the customer and the national depositary of India CDSL and NSDL. RMoney was founded in 2004 as a financial service provider offers a wide range of financial products such as shares trading, investment advisory, IPO, mutual funds, insurance, corporate FDRs, e-insurance account, NPS, bonds, PAN services, MTP, commodities trading etc. This Agra-based broker is among the top 5 commodity brokers of India and contributes about 8% of NCDEX daily turnover and 4% of MCX turnover. This discount broker has a strong presence in the northern part of India.
RMoney offers 2 types of brokerage plans i.e. Zero Brokerage Plan and Happy Service Plan. Any trader can choose any of the plan as both the plans are equipped with almost all the modern services. Under Zero Brokerage Plan, you don’t need to pay single penny as a brokerage on trading in equity segment. RMoney offers modern trading software and tools accessible in almost all the devices i.e. mobile, laptop, desktop, tablet. RMoney offers research & advisory services to all the clients. The broker has a team of dedicated professionals who are always ready to resolve your any problem related to share market.
Raghunandan Money (RMoney) Trading Plan:
RMoney offers 2 types of trading plan; Zero Brokerage Plan and Happy Service Plan, you can choose any of the plan which are as follows:
Zero Brokerage Plan | Happy Service Plan |
Discount brokerage plan | Full-Service Plan |
Rs 0 account opening fees | Rs 0 account opening fees |
Lifetime Free Demat AMC | Lifetime Free Demat AMC |
Free call & trade facility | Free call & trade facility |
Free trading software | Free trading software |
Trade in BSE, NSE, MCX & NCDEX | Trade in BSE, NSE, MCX & NCDEX |
No research, tips & advice available | Free research, tips & advice available |
No personalized trade assistance | Free personalized trade assistance |
No portfolio analysis | Free portfolio analysis services |
Margin & leverage facility available | Margin & leverage facility available |
Brokerage
| Brokerage
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Raghunandan Money (RMoney) Account Opening Charges:
You don’t need to pay any amount to open a demat & trading account on Raghunandan Money (RMoney).
• Raghunandan Money (RMoney) Trading Account Opening Charges - ₹0
• Raghunandan Money (RMoney) Demat Account Opening Charges - ₹0
• Raghunandan Money (RMoney) Trading AMC - ₹0
• Raghunandan Money (RMoney) Demat AMC - ₹0
Raghunandan Money (RMoney) Brokerage:
Raghunandan Money (RMoney) offers 2 types of brokerage plan to their clients which are as follows:
1. Raghunandan Money (RMoney) Zero Brokerage Plan:
Under Zero Brokerage Plan, there is a fixed brokerage of Rs 18 per executed order in all the segments except in equity delivery segment in which you don’t need to pay any brokerage.
Equity Cash (Delivery Based Trades) | Rs 0 |
Equity Intraday | Rs 18 per executed order or 0.01% whichever is lesser |
Equity Derivatives (F&O) | Rs 18 per executed order or 0.01% whichever is lesser |
Currency Derivatives (F&O) | Rs 18 per executed order or 0.01% whichever is lesser |
Commodity Derivatives (F&O) | Rs 18 per executed order or 0.01% whichever is lesser |
2. Raghunandan Money (RMoney) Happy Service Plan:
This plan is best for the traders who required broker’s assistance to trade in the stock market. This plan offers almost all the modern services such as research & advisory services, call & trade facility, modern trading software & tools etc.
Equity Cash (Delivery Based Trades) | 0.10% to 0.40% |
Equity Intraday | 0.01% to 0.04% |
Equity Derivatives (F&O) | 0.005% to 0.02% |
Currency Derivatives (F&O) | 0.005% to 0.02% |
Commodity Derivatives (F&O) | 0.005% to 0.02% |
Raghunandan Money (RMoney) Other Charges:
Taxes | Rates |
Securities Transaction Tax (STT) |
|
GST | 18% on (Brokerage + Transaction + SEBI fee) |
SEBI Charges | 0.00005% (Rs.10/crore) |
Stamp Duty | (On buy side only) Delivery- 0.015%, Intraday- 0.003%, Equity Futures- 0.002%, Equity Options- 0.003% and Currency F&O- 0.0001% Commodity Futures- 0.002%, Commodity Options- 0.003% |
Raghunandan Money (RMoney) Trading Software:
Raghunandan Money (RMoney) offers free trading software and tools to the clients which are as follows:
1. RMoney Smart Trade (Browser-based Trading Website) – It is a browser-based trading platform through which you can trade in multiple segments.
2. RMoney Quick (Mobile-based Trading App) – This is a smartphone-based mobile application that allows customers to trade from any place across India.
3. RMoney Active Trade (Installable Trading Terminal) – This is a powerful trading terminal which is equipped with modern technologies to analyse the market and place trade in the stock market.
Raghunandan Money (RMoney) Margin:
Segment | Margin | Leverage |
Equity Delivery | 100% of trade value | 1x |
Equity Intraday | Up to 20% of trade value | 5x |
Equity Future | 100% of NRML margin (Span + Exposure) | 1x |
Equity Option | 100% of NRML margin (Span + Exposure) | 1x |
Currency Futures | 100% of NRML margin (Span + Exposure) | 1x |
Currency Option | 100% of NRML margin (Span + Exposure) | 1x |
Commodity Futures | 100% of NRML margin (Span + Exposure) | 1x |
Raghunandan Money (RMoney) Advantages & Disadvantages:
Raghunandan Money (RMoney) is enhancing their services day by day, let us focus on pros & cons of Raghunandan Money (RMoney).
Advantages:
• Full-secure platform.
• 100% paperless online account opening facility.
• NRIs can trade in Indian share market through Raghunandan Money (RMoney).
• Online IPO application facility.
• Real-time IPO information.
• Zero Account Opening charges.
• Doesn’t charges any additional fee for MIS/BO/CO positions.
• Free AMC
• Free call & trade facility.
• Free research & advisory services.
• 24/7 customer support.
• Free trading software & tools.
• Online chat support.
• Hassle-free and ultra-fast trading software.
• Free 3-in-1 account i.e. NSDL Payments Bank Account + Demat Account + Trading Account.
Disadvantages:
• Trading SMS alert are available in Rs 100 per month per segment.
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Frequently Asked Questions
Raghunandan Money (RMoney) offers two types of brokerage plan to all resident Indians which are as follows:
• Zero Brokerage Plan
• Happy Service Plan
Yes, Raghunandan Money (RMoney) offers 3-in-1 account on its platform i.e. NSDL bank account + Demat Account + Trading Account.
RMoney (Raghunandan Money) is a technology-driven diverse platform offers many trading software which are accessible in laptop, pc, android mobile, IOS device and tablet.
• RMoney Smart (Browser-based trading platform)
• RMoney Active (Trading Terminal)
• RMoney Quick (Mobile-based application)
Both the plans are slightly different but equipped with modern & technical tools. Both the plans are as follows:
Zero Brokerage Plan: Brokerage of Rs 18 per executed order for all the segment, free trading software. Free call & trade facility, lifetime free demat AMC, Free Demat Account opening, zero brokerage in equity delivery etc.
Happy Service Plan: Percentage-based brokerage, Free trading software, free call & trade facility, free portfolio analysis, Free research, tips & advice, Free Personalized trade assistance, Lifetime free Demat AMC etc.
No, it is not necessary to have a demat and trading account with Raghunandan Money (RMoney) to invest in mutual fund, you can also open a separate Raghunandan Money (RMoney) Mutual Fund Account by visiting the official website or mobile application and click on “Gullak” available in the footer of the website. RMoney Gullak is a mutual fund investment platform offers 100% paperless facility to invest in mutual fund.
Yes, Raghunandan Money (RMoney) provides online facility to invest in IPOs. Any Indian citizen can avail this service to invest in their favourite companies.
RMoney does not charge single penny as AMC. It is known for its zero account maintenance charges.
Any individual, Hindu Undivided Family (HUF), partnership firm, proprietary firm, a company can open trading account with Raghunandan Money (RMoney) via online method or by visiting the nearby branch.
Raghunandan Money (RMoney) is the depositary participant of both CDSL. Customer’s demat account on RMoney is registered with CDSL and the broker acts as a mediator between the customer and national exchange.
Yes, RMoney offers refer & earn facility to every Indian citizen in which you will get Rs 100 for every account opened by your reference.
RMoney does not charges any amount on call & trading facility. Any client can use this facility without paying any charges.
Raghunandan Money (RMoney) is a SEBI registered stock broker started in 2004 with its head office in Agra (Uttar Pradesh). RMoney is known for its diversity, transparency and safety. In the region of Uttar Pradesh, directly or indirectly more than 80% of broking clients are associated with RMoney. The broker is the winner of NCDEX Krishi Pragati Awards 2017 and Times of India Excellence Award 2015.
You can open an account in just 5 minutes on Raghunandan Money (RMoney). Visit the official website of RMoney, click on 5 min account opening available at the top of the home page, upload the required documents and now invest in share market. You can also visit nearby branch of the broker or download the account opening form available in the download section of the website.
Yes, Raghunandan Money (RMoney) offers free advisory & recommendation services on its platform. The broker has a team of well-managed professionals who are innovative, minded and experienced. Grow your money on facts is the advice for the traders & investors from RMoney.
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