Raghunandan Money (RMoney) (None)

Discount Broker Depository: CDSL

Raghunandan Money, a financial services provider based in Agra, was founded in 2004. It offers a variety of financial products. These include Online Stock & Commodity Broking and Mutual Funds. IPO, Insurance (Life & General), Bonds, Corporate FDR's. Raghunandan Money belongs to the NSE, BSE, and MCX as well as NCDEX and CDSL. It is one of the most prominent commodity brokers in India. It contributes more than 8% to the NCDEX daily turnover and over 4% to the MCX turnover. It is a prominent presence in the Northern India commodity trading community. Two plans are available from RMoney. The Discount Brokerage Plan allows customers to trade without any assistance from brokers and does not require research. For people who require full service, including tools and research, the Happy Service Plan is available. RMoney's key offering is its low-cost online trading. RMoney charges Rs 0 for a brokerage to deliver equity. All other segments on exchanges are charged flat Rs 18 for trade brokerage. RMoney offers a Zero AMC Demat account for no additional cost. All customers have access to the trading software (desktop and web) for free. RMoney offers unlimited call & trade, as well as a personal dealer to meet your trading needs.

Raghunandan Money (RMoney) Products

The segments that you can invest in are equity, commodity, currency, futures, and options.
  • Equity
  • Commodity
  • Currency
  • Futures
  • Options

Raghunandan Money (RMoney) Trading Softwares

A collection of software and applications that the broker offers to help you execute online buy/sell orders. These are the names of their portals and mobile apps.
  • RMoney Smart Trade (Website based trading)
  • RMoney Active Trade (Installable Trading Terminal)
  • RMoney QUICK (Mobile Trading App)

Raghunandan Money (RMoney) Brokerage Plans

Choose from one or more plans below. Use tabs if multiple plans available. A single plan includes all the basic charges and brokerages, margins, etc.

Raghunandan Money (RMoney) Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, insurance, IPO platform, Bonds & Debt, Exchange Traded Funds, etc.
  • Mutual Funds
  • IPO Platforms
  • Bonds & Debt
  • Exchange Traded Funds
  • Insurance

Raghunandan Money (RMoney) Additional Features

Extra features are provided by the broker at little or no extra cost. Like SMS Alerts, Margin Funding, Margin Against Share, etc.
  • 3 in 1 Account
  • Free Recommendations
  • Free Research Reports
  • SMS Alerts
  • Margin Funding
  • Margin Against Share

Raghunandan Money (RMoney) Pros

These are the benefits of RMoney.

  • The company offers traditional full-service brokerage services as well as discount plans.
  • The discount brokerage plan is slightly cheaper (Rs 8.50 per trade) than Zerodha or Upstox (Rs. 20 per trade).
  • A simple and affordable brokerage plan, Rs 18 per executed order. This applies regardless of order size or segment (Equity/F&O/Currencies).
  • All users can access a free trading platform that includes a mobile app, website, and trading terminal.
  • Customers receive free fundamental, technical and derivative research & advice.
  • Customers can get unlimited calls and trade for no cost. Broker-assisted trades are usually charged extra by discount brokers. I.e. Zerodha / Upstox charges Rs 20 extra, and 5Paisa charges Rs 10 more.
  • All are welcome to request a personalized dealer (one-point contact).
  • Trade at NSE, MCX, and BSE.
  • RMoney ranks among the top five volume traders in commodity trading at MCX (3-6% of daily turnover) or NCDEX (88% of daily turnover).
  • Frequent traders have the option of flexible trading limits and personal risk management.
  • Equity Intra-day derivatives, commodities and commodities allow short selling.
  • The company does not charge an additional fee to close MIS/BO/CO accounts, unlike other discount brokers.
  • No additional fee for a lifetime AMC Demat account. This service is offered by other brokers at a cost of Rs 1000 to Rs 2000.

Raghunandan Money (RMoney) Cons

These ar the cons to RMoney.

It does not supply a 3-in-1 Account.
RMoney Demat debit group action fees ar Rs twelve + gst for every script. alternative discount brokers charge flat Rs eight.
Trading SMS Alerts for live trade confirmation ar offered for Rs a hundred per month per section.

Our Conclusion

RMoney, a member of the top stock exchanges, has been awarded the star key partner award by HDFC mutual funds. Customers can enjoy a lifetime Demat account and low brokerage rates.

Customers of RMoney Demat account will be able not only to save money on low brokerage rates but also be able to bet as much as possible. Raghunandan Capital can be reached immediately for exceptional trading and Demat features.

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