Raghunandan Money-Overview of Minimum Deposit, Leverage, Spreads

General Information

Raghunandan Money, a trading name of Raghunandan Capital Pvt Ltd, is allegedly a broker based in India and incorporated in 2004 that provides its clients with its own-made trading platforms, leverage up to 4 times, multiple products, as well as a choice of two different investment plans and 24/7 customer support service.

Products

Raghunandan Money advertises that it offers an extensive range of products consisting of equity, equity derivatives, depository, commodities derivatives, commodities spot, currency derivatives, IPOs, mutual funds, insurance (life & general), bonds & corporate FDRs.

Investment plans

There are two investment plans offered by Raghunandan Money. One investment plan is flat Rs. 999 per month, and with it, traders can trade unlimited across segments with zero brokerage. While the other investment plan is Rs. 9 per transaction, and with it, regardless of the trade size, traders need to pay a flat fee of 9 per executed order. In addition, from the information revealed on the home page of its official site, the broker claims that traders can open their online Demat & Trading Account for free, yet we cannot be sure if it is really available.

Leverage

The maximum leverage ratio provided by Raghunandan Money is up to 4 times. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Trading Platform Available

When it comes to trading platforms available,Raghunandan Money says to give traders advanced trading platforms, available both on desktop and mobile terminals. The broker advertises that the trading platform offers an intuitive user interface with intelligent auto-screening, access to pre and post-analytics, reports, advanced drawing tools, indicators and more. While with its Mobile app, trading can be done from anywhere and at any time through the right mobile terminals.

Tools

Also, Raghunandan Money provides its clients with four different kinds of margin calculators including Equity Margin Calculator, Equity Features Margin Calculator, Commodity Margin Calculator and Currency Margin Calculator, whose interfaces seem to be quite simple and easy to use, just as the following screenshots show.

Fees

Raghunandan Money also takes some fees for equity delivery, equity futures, currency future, commodity future, equity intraday, equity options, currency option and commodity option. Just take fees for equity delivery as an example, STT 0.1% on both buy and sell, transaction/turnover charges Rs.345/crore, GST 18% on brokerage plus transaction charge, SEBI charges 10 Rs/crore and stamp charges 0.015% on the buy side. Other more specific information can be found on its official site (https://rmoneyindia.com).

Customer Support

Raghunandan Moneys customer support can be reached through telephone: +0562-4266600, 7188900, WhatsApp: +91 93687 10882, Fax: 0562-2526550, email: askus@rmoneyindia.com, live chat or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Twitter and Facebook. Company address: 26/257 B, Near Ashish Palace, SultanGanj, Agra–282004.