IDBI Capital Vs RKSV Securities Vs Trade Smart Online
Background
| Company | Year of Incorporation | contact No. | Exchanges enabled | Demat (NSDL/CDSL) |
|---|---|---|---|---|
| IDBI Capital | 1993 | 022-39135001 | NSE, BSE | NSDL |
| RKSV Securities | 2008 – Retail operations from 2012 | 022-61309999 | NSE, BSE & MCX | NSDL- Partnership with ILFS |
| Trade Smart Online | 2009 | 022-42878000 | NSE, BSE | CDSL |
Financial Health
| COMPANY | Balance Sheet Size FY11/12 | Balance Sheet Size FY12/13 | Balance Sheet SizeFY13/14 | Balance Sheet Size FY 14/15 |
|---|---|---|---|---|
| IDBI Capital | Rs 322 Crores | Rs 356 Crores | Rs 343 Crores | NA |
| RKSV Securities | Rs 6.2 Crores | Rs 15.1 Crores | Rs 27.9 Crores | NA |
| Trade Smart Online | Rs 9.26 Crores | Rs 9.28 Crores | Rs 22.35 Crores | NA |
Brokerage
| Company | Equity | Equity Futures | Equity Options | Currency Futures | Currency Options | Commodity |
|---|---|---|---|---|---|---|
| IDBI Capital | 0.08% for Intraday, 0.5% for Delivery, Reduces with Upfront Brokerage | 0.08%, Reduces with Upfront Brokerage | Rs 100/lot, Reduces with Upfront Brokerage | NA | NA | NA |
| RKSV Securities | Rs 20/executed order per intraday equity, Equity delivery free | Rs 20/executed order | Rs 20/executed order | Rs 20/executed order | Rs 20/executed order | Rs 20/executed order |
| Trade Smart Online | Yearly Plan: Rs 10000, Monthly Plan: Rs 1000/month , Normal : Rs 10 per executed order or 2.5% whichever is lower | Yearly Plan: Rs 10000, Monthly Plan: Rs 1000/month , Normal : Rs 10 per executed order or 2.5% whichever is lower | Yearly Plan: Rs 10000, Monthly Plan: Rs 1000/month , Normal : Rs 10 per executed order or 2.5% whichever is lower | Yearly Plan: Rs 10000, Monthly Plan: Rs 1000/month , Normal : Rs 10 per executed order or 2.5% whichever is lower | Yearly Plan: Rs 10000, Monthly Plan: Rs 1000/month , Normal : Rs 10 per executed order or 2.5% whichever is lower | NA |
Account Opening Costs
Transparency & other costs
| Company | Equity | Futures | Options | Commodities | AMC charge | AMC charge | AMC charge |
|---|---|---|---|---|---|---|---|
| IDBI Capital | 0.00325% of Turnover | 0.0019% of Turnover | 0.051% of Premium Turnover | NA | Rs 350 | Rs 10/debit transaction | NIL |
| RKSV Securities | 0.0035% on Turnover | 0.0021% on Turnover | 0.059% on Premium Turnover | 0.0036% on Contract turnover | Trading: 0, Rs 400/year for Demat | Rs 22/debit transaction | Rs 25/order placed on the phone |
| Trade Smart Online | 0.00325% | 0.0035% | 0.07% | 0.004% | Rs. 400 | Rs.15 within DP Rs.25 Outside DP | Rs 25 |
Platforms
Charting & Reporting
| Company | Intraday | End of Day | Coding/Backtesting | Online Trade Reports | Online PNL Reports | Online Contract Notes |
|---|---|---|---|---|---|---|
| IDBI Capital | 5 years, Extra rental fees for trading software | 5 years, Extra rental fees for trading software | No | Yes | Yes | Yes |
| RKSV Securities | 22 days | 10 years | No | Yes | Yes | yes |
| Trade Smart Online | 5 days on NOW | 10 days on NOW | No | Yes | Yes | yes |
Margins(Leverage Provided)
| Company | Equity | Equity Futures | Equity Options | Currency Futures | Currency Options | Commodity |
|---|---|---|---|---|---|---|
| IDBI Capital | Upto 10 times Intraday, 0 for Delivery | No Leverage | No Leverage | NA | NA | NA |
| RKSV Securities | Up to 20 times for intraday, 0 for delivery | Up to 4 times intraday leverage | Buying no leverage, Shorting up to 4 times leverage intraday | Upto 4 times for intraday | Buying no leverage, Shorting up to 4 times intraday leverage | Freedom Plan, Pro Plan, ultimate brokerage. |
| Trade Smart Online | Up to 5 times for intraday, 0 for delivery | Up to 2 times intraday leverage | No Margin | Up to 2 times for intraday | No Margin | No Margin |
Support & Tools
| Company | Research & Tips | Brokerage Calculator | Margin Calculator | Bracket orders & Trailing Stoploss | Training & Education |
|---|---|---|---|---|---|
| IDBI Capital | Yes | No | No | No | No |
| RKSV Securities | No | Yes | Yes | Yes | Yes |
| Trade Smart Online | Yes | No | No | No | Yes |