Compare stock brokers
Rk Global vs. Veracity Finance
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Rk Global and Veracity Finance. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Rk Global and Veracity Finance.
Overview
Rk Global are Veracity Finance both private companies and Rk Global operates as a discount broker, while Veracity Finance functions as a full service broker. Sushil Kumar Dhancholia co-founded Rk Global in 1999. And Veracity Finance was founded in the year 2012 by Kanaksinh Agarsinh Gohil. Rk Global's headquarters are in New Delhi, Delhi and Veracity Finance's headquarters are in Ahmedabad GJ.
Rk Global operates as a discount broker, while Veracity Finance functions as a full service broker. Rk Global is registered in BSE, NSE, MCX, NCDEX, while Veracity Finance is registered in NA. The total branches of Rk Global are 150 and the Veracity Finance branches are Nil.
| Overview | Rk Global | Veracity Finance |
|---|---|---|
| Broker Type | Discount Broker | Full Service Broker |
| Type of company | Private | Private |
| Headquarter | New Delhi, Delhi | Ahmedabad GJ |
| Founders | Sushil Kumar Dhancholia | Kanaksinh Agarsinh Gohil |
| Foundation Year | 1999 | 2012 |
| Supported Exchanges | BSE, NSE, MCX, NCDEX | NA |
| Total branches | 150 | Nil |
Rk Global and Veracity Finance Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Rk Global charging Rs.200 and Veracity Finance charging Free.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Rk Global Demat account is Rs.250 per Annum and for the Veracity Finance Demat account is Rs.350 per Annum. The Trading AMC for Rk Global and Veracity Finance is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Rk Global and Veracity Finance is CDSL.
| Account Opening and Demat Charges | Rk Global | Veracity Finance |
|---|---|---|
| Trading Account Opening Charges | Rs.200 | Free |
| Demat AMC (Annual Maintenance Charges) | Rs.250 per Annum | Rs.350 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Zero Margin | Minimum Rs.5,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Rk Global and Veracity Finance Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Rk Global is Rs.9 per Executed Order, while Veracity Finance charges you 0.35%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Rk Global is Rs.9 per Executed Order and for Veracity Finance also, it is 0.04%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Rk Global charge Rs.9 per Executed Order and Veracity Finance charge 0.04% for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Rk Global charges Rs.9 per Executed Order, and Veracity Finance charges Rs.35 per lot.
| Equity Brokerage Charges | Rk Global | Veracity Finance |
|---|---|---|
| Equity Delivery Brokerage | Rs.9 per Executed Order | 0.35% |
| Equity Intraday Brokerage | Rs.9 per Executed Order | 0.04% |
| Equity Futures Brokerage | Rs.9 per Executed Order | 0.04% |
| Equity Options Brokerage | Rs.9 per Executed Order | Rs.35 per lot |
Rk Global and Veracity Finance Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Rk Global is Rs.9 per Executed Order and for Veracity Finance is 0.04%.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Rk Global charges Rs.9 per Executed Order for currency options, whereas Rk Global charges Rs.35 per Lot.
| Currency Brokerage Charges | Rk Global | Veracity Finance |
|---|---|---|
| Currency Futures Brokerage | Rs.9 per Executed Order | 0.04% |
| Currency Options Brokerage | Rs.9 per Executed Order | Rs.35 per Lot |
Rk Global and Veracity Finance Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Rk Global charges Rs.9 per Executed Order for commodity trading, while Veracity Finance charges 0.04%.
| Commodity Brokerage Charges | Rk Global | Veracity Finance |
|---|---|---|
| Commodity Options Brokerage | Rs.9 per Executed Order | 0.04% |
Rk Global and Veracity Finance Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Rk Global levies a minimum brokerage fee of Rs.9, while Veracity Finance charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Rk Global levies a transaction brokerage charge of 0.00312% of Total Turnover, while Veracity Finance charges 0.00315%.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Rk Global is 0.0007% of Total Turnover and for Rk Global is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Rk Global are 0.0112% of selling value, while for Veracity Finance, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Rk Global charges NA and Veracity Finance charges NA.
| Other Brokerage Charges | Rk Global | Veracity Finance |
|---|---|---|
| Minimum Brokerage Charges | Rs.9 | Percentage of Transaction | Transaction Brokerage Charges | 0.00312% of Total Turnover | 0.00315% | SEBI Turnover Charges | 0.0007% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0112% of selling value | 0.0126% of Total Turnover | Call and Trade Charges | NA | NA |
Rk Global and Veracity Finance Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Rk Global is up to Upto 2x and by Veracity Finance it is up to Upto 3x.
Equity Intraday: Leverage for equity intraday by Rk Global is up to Upto 5x and by Veracity Finance it is up to Upto 6x.
Equity Futures: Leverage for Equity Futures by Rk Global is up to Upto 3x and by Veracity Finance it is up to Upto 2x.
Equity Options: Leverage for Equity Options by Rk Global is up to Upto 3x and by Veracity Finance also, it is up to Upto 5x.
| Equity Leverage | Rk Global | Veracity Finance |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 3x | Equity Intraday | Upto 5x | Upto 6x | Equity Futures | Upto 3x | Upto 2x | Equity Options | Upto 3x | Upto 5x |
Rk Global and Veracity Finance Currency Leverage
The currency futures leverage provided by Rk Global is up to Upto 2x, while for Veracity Finance it is up to Upto 4x.
The currency options leverage provided by Rk Global is up to Upto 2x, while for Veracity Finance it is up to Upto 3x.
| Currency Leverage | Rk Global | Veracity Finance |
|---|---|---|
| Currency Futures | Upto 2x | Upto 4x | Currency Options | Upto 2x | Upto 3x |
Rk Global and Veracity Finance Commodity Leverage
The commodity leverage provided by Rk Global is up to Upto 2x, while for Veracity Finance it is up to Upto 2x.
| Commodity Leverage | Rk Global | Veracity Finance |
|---|---|---|
| Commodity | Upto 2x | Upto 2x |
Rk Global and Veracity Finance Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Rk Global | Veracity Finance |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | No | Yes | Flexible Plans | Yes | Yes | Brokerage Discounts | No | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | Yes | Yes | Referral Program | Yes | Yes | Zero Brokerage on Loss Trades | No | No |
Rk Global and Veracity Finance Features
Equity Trading: Rk Global and Veracity Finance brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Rk Global and Veracity Finance also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Rk Global and Veracity Finance broker is that you can also invest in IPOs. Rk Global also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Rk Global offers trading exposure of up to Upto 5x, while Veracity Finance gives up to Upto 6x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Rk Global and Veracity Finance, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Rk Global and Veracity Finance also allow you to trade in forex trading.
| Features | Rk Global | Veracity Finance |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | No |
| Trading Institution | No | No | Trading Exposure | Upto 5x | Upto 6x | Mutual Funds | Yes | No | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | Yes | Yes |
Rk Global and Veracity Finance Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Rk Global and Veracity Finance offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Rk Global | Veracity Finance |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | No | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | Yes | Yes |
| IPO Reports | No | Yes |
| Top Picks | No | No |
| Daily Market Review | Yes | No |
| Monthly Reports | Yes | No |
| Weekly reports | Yes | No |
| Offline Advisory | No | Yes |
| Relationship Manager | No | Yes |
Rk Global and Veracity Finance Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Rk Global and Veracity Finance offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Rk Global | Veracity Finance |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | No |
Rk Global and Veracity Finance Mobile Trading Platforms
Rk Global and Veracity Finance offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Rk Global | Veracity Finance |
|---|---|---|
| Mobile Browser | No | No |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Rk Global and Veracity Finance Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Rk Global and Veracity Finance give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Rk Global | Veracity Finance |
|---|---|---|
| Relationship Manager | No | Yes |
| Offline Trading | No | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 0 | 920 |
Rk Global and Veracity Finance Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Rk Global and Veracity Finance registered and resolved complaints.
For Rk Global, the Percentage of resolved BSE complaints is 88.57 % and the Percentage of resolved NSE complaints is 95.83 %.
For Veracity Finance, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Rk Global is better than Veracity Finance in case of resolving customer complaints.
| BSE Complaints | Rk Global | Veracity Finance |
|---|---|---|
| BSE Complaints | 35 | 3 |
| BSE Resolved Complaints | 31 | 3 |
| Percentage of resolved BSE complaints | 88.57 % | 100.00 % |
| NSE Complaints | 48 | 11 |
| NSE Resolved Complaints | 46 | 11 |
| Percentage of resolved NSE complaints | 95.83 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | 92.20 % | 100.00 % |
Frequently Asked Questions
Is Rk Global better than Veracity Finance?
Rk Global is a discount broker and Veracity Finance is a full service broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Veracity Finance better than Rk Global?
Veracity Finance is a full service broker and Rk Global is a discount broker. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Rk Global and Veracity Finance?
The brokerage charges for Rk Global are on the cheaper side since it is a discount broker, while Veracity Finance is a full-service broker. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Rk Global and Veracity Finance?
To figure out which of the two stockbrokers, Rk Global and Veracity Finance, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Rk Global with other stock brokers
Visit the following pages to see a detailed comparision report of Rk Global with other brokerage firms.
Compare Veracity Finance with other stock brokers
Visit the following pages to see a detailed comparision report of Veracity Finance with other brokerage firms.