Reviews of Stock Brokers
Rajvi Stock
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 Rajvi Stock, one of India's prominent Full Service Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.
Overview
Rajvi Stock founded in 2004 by Nimisha Shah Dhaval is a Private company headquartered in Ahmedabad, GJ India. As a Full Service Broker, Rajvi Stock aims to provide cost-effective buy/sell orders, enabling investors to save money compared to Discount Broker. However, it is crucial to note that Rajvi Stock operates as a Discount Broker. It offers extensive investment advice and detailed stock analysis for its clients.
| Overview | Rajvi Stock |
|---|---|
| Broker Type | Full Service Broker |
| Type of company | Private |
| Headquarter | Ahmedabad, GJ |
| Founders | Nimisha Shah Dhaval |
| Foundation Year | 2004 |
| Supported Exchanges | NA |
| Total branches | Nil |
Rajvi Stock Account opening charges
To begin trading with Rajvi Stock, you need to open a trading account and a Demat account. Rajvi Stock charges Rs.499 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Free for the Demat account. However, it's worth mentioning that trading AMC is free.
| Account Opening and Demat Charges | Rajvi Stock |
|---|---|
| Trading Account Opening Charges | Rs.499 |
| Demat AMC (Annual Maintenance Charges) | Free |
| Trading AMC (Annual Maintenance Charges) | Free |
| Margin Money | Minimum Rs.10,000 |
| Offline to Online Charges | Yes |
| Depository | CDSL & NSDL |
Rajvi Stock Brokerage Charges
One of the main factors to consider when choosing a stockbroker is the brokerage charges. Rajvi Stock brokerage charges for various segments are as follows:
- Equity delivery: Rajvi Stock offers free brokerage for equity delivery trades. This means you can buy and hold stocks without incurring any brokerage charges.
- Equity intraday: For equity intraday trades, Rajvi Stock charges a flat rate of 0.02% – 0.05% per order.
- Equity futures: The brokerage charge for equity futures is also 0.02% – 0.05% per order.
- Equity options: Rajvi Stock charges Rs.20 – Rs.50 per Lot per order for equity options trading.
- Currency: For currency futures and options trading, Rajvi Stock charges 0.02% – 0.05% per order.
- Commodity: The brokerage charge for commodity trading is 0.02% – 0.05% per order.
Equity Brokerage Charges
| Equity Brokerage Charges | Rajvi Stock |
|---|---|
| Equity Delivery Brokerage | 0.2% – 0.5% |
| Equity Intraday Brokerage | 0.02% – 0.05% |
| Equity Futures Brokerage | 0.02% – 0.05% |
| Equity Options Brokerage | Rs.20 – Rs.50 per Lot |
Currency Brokerage Charges
| Currency Brokerage Charges | Rajvi Stock |
|---|---|
| Currency Futures Brokerage | 0.02% – 0.05% |
| Currency Options Brokerage | Rs.10 – Rs.25 per Lot |
Commodity Brokerage Charges
| Commodity Brokerage Charges | Rajvi Stock |
|---|---|
| Commodity Options Brokerage | 0.02% – 0.05% |
Rajvi Stock Other Charges
In addition to brokerage charges, there are other charges to consider:
- Minimum brokerage charges: Rajvi Stock imposes a minimum brokerage charge of Percentage of Transaction.
- Transaction brokerage charges: A customer incurs transaction brokerage charges, which amount to 0.00305% of the total turnover.
- SEBI turnover charges: Securities and Exchange Board of India (SEBI) levies turnover charges, which are 0.0002% of Total Turnover.
- Stamp duty charges: Stamp duty charges differ based on the state and the specific category of asset.
- GST charges: A GST of 18% of (Brokerage + Transaction Charges) is applied to brokerage and transaction charges.
- STT (Securities transaction tax): Rajvi Stock charges 0.0126% of Total Turnover of the total turnover as STT.
- Call and trade charges: If you place orders through call and trade, Rajvi Stock charges NA.
| Other Brokerage Charges | Rajvi Stock |
|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Transaction Brokerage Charges | 0.00305% | SEBI Turnover Charges | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | Call and Trade Charges | NA |
Rajvi Stock Equity Leverage
Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Rajvi Stock:
| Equity Leverage | Rajvi Stock |
|---|---|
| Equity Delivery | Upto 2x | Equity Intraday | Upto 6x | Equity Futures | Upto 2x | Equity Options | Upto 5x |
Rajvi Stock Currency Leverage
| Currency Leverage | Rajvi Stock |
|---|---|
| Currency Futures | Upto 3x | Currency Options | Upto 4x |
Rajvi Stock Commodity Leverage
| Equity Leverage | Rajvi Stock |
|---|---|
| Commodity | Upto 3x |
Rajvi Stock Offers
Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:
| Offers | Rajvi Stock |
|---|---|
| Free Stock Trading Account | Yes | Free Demat Account | Yes | Flexible Plans | Yes | Brokerage Discounts | No | Happy Hours | No | 1 Month Free Plan | Yes | Holiday Offers | Yes | Referral Program | No | Zero Brokerage on Loss Trades | No |
Rajvi Stock Features
- Discount Broker:
Rajvi Stock is a leading online stock broker in India that offers discount brokerage services to retail investors. It charges a flat rate of Percentage of Transaction per order executed, regardless of the trade size, segment, or exchange.
- Range of Investment Products:
Rajvi Stock is a one-stop shop for various financial investment products. It allows investors to trade in equity, commodity, and currency at BSE, NSE, and MCX. Additionally, it offers investment options in mutual funds, gold, peer-to-peer lending, insurance, and US investments.
- Subscription Plans:
Rajvi Stock provides three subscription plans: Basic pack, power investor pack, and ultra trader pack. These plans offer different benefits, including reduced brokerage fees, free trades, research advisory, and dedicated customer support.
- Research and Advisory Services:
Rajvi Stock stands out by offering exhaustive research and advisory services. It provides short-term and long-term investment ideas, derivative strategies, and portfolio-based investment ideas. The platform also offers a portfolio analyzer tool to analyze the performance of your investments.
- Margin Funding:
Rajvi Stock provides margin funding services. These enable you to make partial payments for your purchases in the cash segment. The balance is funded by Rajvi Stock at a nominal rate.
- Mobile Trading App and Trading Platforms:
Rajvi Stock provides a user-friendly mobile trading app, a web-based trading website, and an installable trading terminal. These platforms are built on the latest technology and offer seamless trading experiences. The mobile app allows trading, robo-advisory, and access to various investment options.
- Demat Account Services:
Rajvi Stock offers demat account services through its membership with CDSL. It has been recognized as a premier depository participant by CDSL.
- Low Charges:
Rajvi Stock is known for its lowest charges in the industry. It charges a flat fee of 0.02% – 0.05% per order executed, and the platform also offers value-add packs for additional benefits. Additionally, 5Paisa provides free account opening and brokerage-free mutual funds.
- Algo Trading and Robo Advisory:
Rajvi Stock provides algo trading services and robo-advisory to its customers. These services help automate trading strategies and offer personalized investment advice based on risk profiles and return expectations.
- Customer Support:
Rajvi Stock offers dedicated customer support for its subscribers. The power investor pack and ultra trader pack include free customer support services.
| Features | Rajvi Stock |
|---|---|
| Equity Delivery Trading | Yes | Equity Intraday Trading | Yes | Equity Futures Trading | Yes | Equity Options Trading | Yes | Currency Trading | Yes |
| Commodity Trading | Yes | IPO (Initial public offering) | Yes | Stocks Suggestions | No | Robo Advisory | No | PMS (Portfolio Management Services) | No |
| Trading Institution | No | Trading Exposure | Upto 6x | Mutual Funds | Yes | SIP (Systematic Investment Plan) | Yes | Forex Trading | No | Banking | No | Insurance | Yes |
Rajvi Stock 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.
| Services | Rajvi Stock |
|---|---|
| Fundamental Reports | No |
| Research Reports | No |
| Company Reports | No |
| Annual Reports | No |
| Company Stock Review | No |
| Free Stock Tips | Yes |
| IPO Reports | No |
| Top Picks | Yes |
| Daily Market Review | No |
| Monthly Reports | No |
| Weekly reports | No |
| Offline Advisory | Yes |
| Relationship Manager | Yes |
Rajvi Stock Trading Platforms
The Rajvi Stock 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.
Rajvi Stock Trading Platforms
| Desktop Trading Platforms | Rajvi Stock |
|---|---|
| Windows | Yes |
| Mac | No |
| Desktop Browser | Yes |
Rajvi Stock Mobile App
The Rajvi Stock 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 App | Rajvi Stock |
|---|---|
| Mobile Browser | Yes |
| Android App | No |
| iOS App | No |
| Windows App | No |
| Other mobile os | No |
Rajvi Stock Web Trading
For web-based trading, Rajvi Stock offers a powerful trading website known as Rajvi Stock 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.
Rajvi Stock Trade Terminal
Rajvi Stock 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.
Rajvi Stock Customer Support
- Relationship manager: Yes, Rajvi Stock does offer a dedicated relationship manager for customers. However, they provide other channels for support.
- Offline trading support: Yes, Rajvi Stock does offer offline trading support. All trading activities are conducted online.
- Online trading support: Rajvi Stock provides online trading support to customers. Their trading platform is accessible via mobile app, web browser, and desktop application, allowing customers to trade conveniently.
- 24*7 support: Rajvi Stock provides extensive customer support to assist customers during regular business hours. You can easily connect with their dedicated support team for any assistance you may need.
- Email support: Customers can contact Rajvi Stock’s customer support team via email for assistance. They provide an email address where customers can send their queries and concerns.
- Chat support: Rajvi Stock does not currently offer chat support as a customer service channel. However, customers can reach out through other available channels.
- Toll-free number: Rajvi Stock does not provide a toll-free number for customer support. However, they may have a regular helpline number that customers can use to seek assistance.
- Support branches: Yes, Rajvi Stock has physical support branches where customers can visit for assistance. In addition, customer support is also provided through remote channels.
| Customer Support | Rajvi Stock |
|---|---|
| Relationship Manager | Yes |
| Offline Trading | Yes |
| Online Trading | Yes |
| 24 * 7 Support | No |
| Email Support | Yes |
| Chat Support | No |
| Toll free number | No |
| Support Branches | 380 |
Rajvi Stock 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 Rajvi Stock.
| BSE Complaints | Rajvi Stock |
|---|---|
| BSE Complaints | 0 |
| BSE Resolved Complaints | 0 |
| Percentage of resolved BSE complaints | NaN % |
| NSE Complaints | 1 |
| NSE Resolved Complaints | 1 |
| Percentage of resolved NSE complaints | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | NaN % |
Conclusion
In conclusion, Rajvi Stock 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, Rajvi Stock can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.