Elite Wealth Vs RMoney
Elite Wealth
RMoney
RMoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software 2024, Demat Account Charges and it also gives overview on NRI Account, Branches, Customer Complaints, Advantages and Disadvantages.
Elite Wealth Vs RMoney - Broker Details
| Elite Wealth | RMoney | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 1990 | 2004 |
| Exchanges | NSE, BSE, MCX and NCDEX | NSE, BSE, MCX and NCDEX |
| Branches | N/A | 300+ |
| Brokerage | 0.03% | ₹9/Order |
| Broker Type | Full Service Broker | Full Service Broker |
Elite Wealth Vs RMoney - Account Opening & AMC Charges
| Elite Wealth | RMoney | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method | ₹299( From 2nd year onwards) |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
Elite Wealth Vs RMoney - Brokerage charges & Plans
| Elite Wealth | RMoney | |
|---|---|---|
| Commodity Futures | 0.03% | ₹9/Trade Plan - ₹9/Order | Flat- ₹0(Free) (₹999/Month) |
| Currency Futures | 0.03% | ₹9/Trade Plan - ₹9/Order | Flat- ₹0(Free) (₹999/Month) |
| Equity Delivery | 0.33% | ₹9/Trade Plan - ₹9/Order | Flat- ₹0(Free) (₹999/Month) |
| Equity Options | ₹33 per Lot | ₹9/Trade Plan - ₹9/Order | Flat- ₹0(Free) (₹999/Month) |
| Commodity Options | 0.03% | ₹9/Trade Plan - ₹9/Order | Flat- ₹0(Free) (₹999/Month) |
| Equity Futures | 0.03% | ₹9/Trade Plan - ₹9/Order | Flat- ₹0(Free) (₹999/Month) |
| Currency Options | ₹33 per Lot | ₹9/Trade Plan - ₹9/Order | Flat- ₹0(Free) (₹999/Month) |
| Fixed Charges | 0.03% | ₹9/Trade Plan - ₹9/Order | Flat- ₹0(Free) (₹999/Month) |
| Equity Intraday | 0.03% | ₹9/Trade Plan - ₹9/Order | Flat- ₹0(Free) (₹999/Month) |
Elite Wealth Vs RMoney - Other Charges
| Elite Wealth | RMoney | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹0 (Free) |
| API Charges | ₹0 (Free) | ₹1500/Monthly |
| Call & Trade Charges | ₹0 (Free) | ₹18/Order |
| Other Brokerage Charges | 0.03% | ₹9/Order |
| Minimum Brokerage | 0.03% | ₹9/Order |
Elite Wealth Vs RMoney - Transaction Charges
| Elite Wealth | RMoney | |
|---|---|---|
| Currency Options | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% | NSE ₹5000/Cr (on premium) (0.05%) | BSE ₹7500/Cr (on premium) (0.075%) |
| Equity Futures | NSE: 0.00195% on Total Turnover value | NSE ₹260/Cr | BSE ₹70/Cr (0.007%) |
| Equity Intraday | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% | NSE ₹345/Cr | BSE ₹345/Cr (0.00345%) |
| Equity Options | NSE: 0.053% on Premium value | NSE ₹7000/Cr (0.07%) | BSE ₹2750/Cr (0.0275%) |
| Commodity | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN | MCX ₹325 (0.00325%) | NCDEX ₹600/Cr(0.006%) |
| Currency Futures | NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% | NSE ₹180/Cr (0.0018%) | BSE ₹160/Cr (0.0016%) |
| Equity Delivery | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% | NSE ₹345/Cr | BSE ₹345/Cr (0.00345%) |
Elite Wealth Vs RMoney - Margin (Exposure)
| Elite Wealth | RMoney | |
|---|---|---|
| Equity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of Normal margin (Span + exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of Normal margin (Span + exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
Elite Wealth Vs RMoney - Features
| Elite Wealth | RMoney | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:15 PM | Currency: 4:40 PM | Commodities: 11:45 PM |
| Trading Platform | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform | 1.RMoney Smart Trade 2.RMoney Active Trade. 3.RMoney Quick |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Elite Wealth Vs RMoney - Review & Rating
| Elite Wealth | RMoney | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
Elite Wealth Vs RMoney - Request a call back from Broker
| Elite Wealth | RMoney | |
|---|---|---|
Elite Wealth Vs RMoney - Investment Options
| Elite Wealth | RMoney | |
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| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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Elite Wealth Vs RMoney - Order Type
| Elite Wealth | RMoney | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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Elite Wealth Vs RMoney - Research & Report
| Elite Wealth | RMoney | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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Elite Wealth Vs RMoney - Daily Market Report
| Elite Wealth | RMoney | |
|---|---|---|
| Daily Market Reports & News |
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Elite Wealth Vs RMoney - Suitable For Investor
| Elite Wealth | RMoney | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Elite Wealth Vs RMoney - Pros & Cons
| Elite Wealth | RMoney | |
|---|---|---|
| Pros | 1. It is a full-service broker 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. Excellent Research 4. Call n Trade Facility 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Upcoming IPO updates 7. Online access to the account on all days | 1.Single platform for all your financial needs. 2. Trade at a low brokerage of Rs.9/- per executed order irrespective of the trade size across segments (Equity, F&O, and Currencies) 3.You can trade at BSE, NSE, MCX, and NCDEX 4.First year Demat AMC is free for all its account holders |
| Cons | 1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account and does not have banking license. 3. Risk of Overtrading. | 1.RMoney Demat debit transaction charges are ₹12 + gst per script. Most other discount brokers charge flat ₹8 per transaction. 2.Its not provide 3 in 1 account. 3. It charges Annual Maintenance Charge. |
Elite Wealth Vs RMoney - Background
| Elite Wealth | RMoney | |
|---|---|---|
Elite Wealth Vs RMoney - Compare All Brokers
| Elite Wealth | RMoney | |
|---|---|---|
Elite Wealth Vs RMoney - STT/CTT
| Elite Wealth | RMoney | |
|---|---|---|
| Commodity Futures | 0.01% on Sell Side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sell | 0.025% on the sell side |
| Equity Options | 0.05% on Sell (on Premium) | 0.05% on sell side (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & Sell | 0.1% on buy & sell |
| Equity Futures | 0.01 % on Sell | 0.01% on sell side |
| Commodity Options | 0.05% on Sell Side | 0.05% on sell side |
Elite Wealth Vs RMoney - Demat transaction charges
| Elite Wealth | RMoney | |
|---|---|---|
| Equity Demat Transaction Charges | No Charges | ₹20 + GST per scrip only on sell |
Elite Wealth Vs RMoney - GST
| Elite Wealth | RMoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
Elite Wealth Vs RMoney - SEBI Charges
| Elite Wealth | RMoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Elite Wealth Vs RMoney - Account Opening & AMC Charges
Elite Wealth
RMoney
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
₹299( From 2nd year onwards)
Trading Account AMC
₹0 (Free)
₹0 (Free)
Elite Wealth Vs RMoney
| Elite Wealth | RMoney | |
|---|---|---|
Elite Wealth Review | Products and Trading Platforms |
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 .. |
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RMoney
RMoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software 2024, Demat Account Charges and it also gives overview on NRI Account, Branches, Customer Complaints, Advantages and Disadvantages.
Elite Wealth Vs RMoney - Brokerage charges & Plans
| Elite Wealth | RMoney | |
|---|---|---|
| Commodity Futures | 0.03% | ₹9/Trade Plan - ₹9/Order | Flat- ₹0(Free) (₹999/Month) |
| Currency Futures | 0.03% | ₹9/Trade Plan - ₹9/Order | Flat- ₹0(Free) (₹999/Month) |
| Equity Delivery | 0.33% | ₹9/Trade Plan - ₹9/Order | Flat- ₹0(Free) (₹999/Month) |
| Equity Options | ₹33 per Lot | ₹9/Trade Plan - ₹9/Order | Flat- ₹0(Free) (₹999/Month) |
| Commodity Options | 0.03% | ₹9/Trade Plan - ₹9/Order | Flat- ₹0(Free) (₹999/Month) |
| Equity Futures | 0.03% | ₹9/Trade Plan - ₹9/Order | Flat- ₹0(Free) (₹999/Month) |
| Currency Options | ₹33 per Lot | ₹9/Trade Plan - ₹9/Order | Flat- ₹0(Free) (₹999/Month) |
| Fixed Charges | 0.03% | ₹9/Trade Plan - ₹9/Order | Flat- ₹0(Free) (₹999/Month) |
| Equity Intraday | 0.03% | ₹9/Trade Plan - ₹9/Order | Flat- ₹0(Free) (₹999/Month) |
Elite Wealth Vs RMoney - Margin (Exposure)
| Elite Wealth | RMoney | |
|---|---|---|
| Equity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | 1x (100% of Normal margin (Span + exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of Normal margin (Span + exposure)) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of Normal margin (Span + Exposure)) | 1x (100% of NRML margin (Span + Exposure) |
Elite Wealth Vs RMoney - Other Charges
| Elite Wealth | RMoney | |
|---|---|---|
| RMS Square Off Charge | ₹0 (Free) | ₹0 (Free) |
| API Charges | ₹0 (Free) | ₹1500/Monthly |
| Call & Trade Charges | ₹0 (Free) | ₹18/Order |
| Other Brokerage Charges | 0.03% | ₹9/Order |
| Minimum Brokerage | 0.03% | ₹9/Order |
Elite Wealth Vs RMoney - STT/CTT
| Elite Wealth | RMoney | |
|---|---|---|
| Commodity Futures | 0.01% on Sell Side Non-Agri | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sell | 0.025% on the sell side |
| Equity Options | 0.05% on Sell (on Premium) | 0.05% on sell side (on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & Sell | 0.1% on buy & sell |
| Equity Futures | 0.01 % on Sell | 0.01% on sell side |
| Commodity Options | 0.05% on Sell Side | 0.05% on sell side |
Elite Wealth Vs RMoney - Demat transaction charges
| Elite Wealth | RMoney | |
|---|---|---|
| Equity Demat Transaction Charges | No Charges | ₹20 + GST per scrip only on sell |
Elite Wealth Vs RMoney - GST
| Elite Wealth | RMoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
Elite Wealth Vs RMoney - SEBI Charges
| Elite Wealth | RMoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
Elite Wealth Vs RMoney - Features
| Elite Wealth | RMoney | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
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| 3 in 1 Account |
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|
| Charting |
|
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| Intraday Square-off Time | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:15 PM | Currency: 4:40 PM | Commodities: 11:45 PM |
| Trading Platform | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform | 1.RMoney Smart Trade 2.RMoney Active Trade. 3.RMoney Quick |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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