Know Your Broker: Raghunandan Money (RMoney) Review, Brokerage Plans, Margins and Customer Care

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.