Reviews of Stock Brokers


Raghunandan Capital

When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of Raghunandan Capital, one of India's prominent Discount Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Overview

Raghunandan Capital founded in 2004 by Kapil Mittal is a Private company headquartered in Gwalior, MP India. As a Discount Broker, Raghunandan Capital aims to provide cost-effective buy/sell orders, enabling investors to save money compared to full-service brokers. However, it is crucial to note that Raghunandan Capital operates as a full-service brokers. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewRaghunandan Capital
Broker TypeDiscount Broker
Type of companyPrivate
HeadquarterGwalior, MP
FoundersKapil Mittal
Foundation Year2004
Supported ExchangesNA
Total branchesNil

Raghunandan Capital Account opening charges

To begin trading with Raghunandan Capital, you need to open a trading account and a Demat account. Raghunandan Capital charges Rs.250 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.250 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesRaghunandan Capital
Trading Account Opening ChargesRs.250
Demat AMC (Annual Maintenance Charges)Rs.250 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyMinimum Rs.5,100
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Raghunandan Capital Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Raghunandan Capital brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesRaghunandan Capital
Equity Delivery Brokerage0.35%
Equity Intraday Brokerage0.04%
Equity Futures Brokerage0.04%
Equity Options BrokerageRs.35 per Lot

Currency Brokerage Charges

Currency Brokerage ChargesRaghunandan Capital
Currency Futures Brokerage0.04%
Currency Options BrokerageRs.15 per Lot

Commodity Brokerage Charges

Commodity Brokerage ChargesRaghunandan Capital
Commodity Options Brokerage0.04%

Raghunandan Capital Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesRaghunandan Capital
Minimum Brokerage ChargesPercentage of Transaction
Transaction Brokerage Charges0.00299%
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesNA

Raghunandan Capital Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Raghunandan Capital:

Equity LeverageRaghunandan Capital
Equity DeliveryUpto 2x
Equity IntradayUpto 5x
Equity FuturesUpto 2x
Equity OptionsUpto 4x

Raghunandan Capital Currency Leverage

Currency LeverageRaghunandan Capital
Currency FuturesUpto 2x
Currency OptionsUpto 2x

Raghunandan Capital Commodity Leverage

Equity LeverageRaghunandan Capital
CommodityUpto 2x

Raghunandan Capital Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

OffersRaghunandan Capital
Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansYes
Brokerage DiscountsNo
Happy HoursNo
1 Month Free PlanNo
Holiday OffersYes
Referral ProgramYes
Zero Brokerage on Loss TradesNo

Raghunandan Capital Features

FeaturesRaghunandan Capital
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionYes
Trading ExposureUpto 5x
Mutual FundsNo
SIP (Systematic Investment Plan)No
Forex TradingNo
BankingNo
InsuranceYes

Raghunandan Capital Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

ServicesRaghunandan Capital
Fundamental ReportsNo
Research ReportsYes
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsNo
Top PicksNo
Daily Market ReviewNo
Monthly ReportsNo
Weekly reportsNo
Offline AdvisoryYes
Relationship ManagerYes

Raghunandan Capital Trading Platforms

The Raghunandan Capital trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.


Raghunandan Capital Trading Platforms

Desktop Trading PlatformsRaghunandan Capital
WindowsYes
MacYes
Desktop BrowserYes

Raghunandan Capital Mobile App

The Raghunandan Capital mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile AppRaghunandan Capital
Mobile BrowserNo
Android AppNo
iOS AppNo
Windows AppNo
Other mobile osNo

Raghunandan Capital Web Trading

For web-based trading, Raghunandan Capital offers a powerful trading website known as Raghunandan Capital trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.


Raghunandan Capital Trade Terminal

Raghunandan Capital offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.


Raghunandan Capital Customer Support

Customer SupportRaghunandan Capital
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches15

Raghunandan Capital Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by Raghunandan Capital.

BSE ComplaintsRaghunandan Capital
BSE Complaints0
BSE Resolved Complaints0
Percentage of resolved BSE complaintsNaN %
NSE Complaints1
NSE Resolved Complaints1
Percentage of resolved NSE complaints100.00 %
BSE/NSE Complaint vs. Resolved PercentageNaN %

Conclusion

In conclusion, Raghunandan Capital offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, Raghunandan Capital can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.