You might have noticed that we haven't posted a lot of updates recently.
As much as we'd like to write "we've been busy", the truth isn't quite that simple. The reality is that...
We've been really, really, really busy!!!
Here are 8 things that RKSV has launched/in the process of launching to get you excited about the near future.
This is the granddaddy of them all.Over the past two years, we've quietly been building a world-class trading platform. We're talking about brokerage free investing. We're talking about advanced charting at your fingertips. We're talking about simplifying the trading process so that instead of dealing with a cluttered downloadable EXE file, you can trade right on your phone, browser, iPad- basically anywhere. At the speed of light (or as close to the speed of light as possible 🙂
Visit www.upstox.com to learn more.
- Trade Academy
Investor awareness is finally being brought to the masses.
Through incredibly addictive and interactive videos, you learn all about the stock markets through high-quality videos. Each course comes with quizzes to ensure that you're actually learning the stuff you're watching! We put our heart and soul into Trade Academy to ensure that a 14-year-old can understand the material as easily as a retired citizen, both looking to learn about the booming stock markets and begin investing and trading.
We launched two new courses on Trade Academy: Introduction to Technical Analysis and The 15 Minute Options Trader.
Visit www.tradeacademy.in to learn more.
- RKSV is getting its own DP (Depository Participant) license
This has been a work in progress, but within a month or so RKSV will have its own DP.What does this mean for you? Well, for starters, if you don't have a Demat account- it will now get opened within a couple days (right now, it takes weeks or more to open a demat account due to reasons out of our control).Most importantly, with the launch of Upstox- your account opening process is going to be more streamlined than ever before. By having our own DP, everything will be under one roof. Your transaction charges will also be lowered. That's what we call a win-win situation!
- Increased margins
Traders are always clamoring for better margin rates.
That's why we decided to increase leverage on NSE Index and Stock Futures. By placing your trades as cover orders and bracket orders, you will now receive up to 6x leverage on Futures! This is an increase from the 4x leverage we used to provide. This is applicable to both Indices and Stock Futures.
- NRI Trading is coming soon!
Soon, NRI's from around the world will be able to trade through RKSV. Unlike other brokers, we won't charge an arm and a leg for it either 😉 With the introduction of brokerage free Upstox, this is going to become a massive hit among NRI's around the world!
- RKSV's Dream Plan...is clearly a Dream come true!
Over the past few months, we've noticed a huge increase in the number of new Dream Plan accounts opened, as well as the number of "monthly" accounts switching over to the Dream Plan. At just Rs.20 an order, this is no surprise to us. But it has made our account opening team and sales teams busier than ever!
- Increased Investor Participation
We've always been known to be a broker for active traders.Well, the tide is quietly turning. More and more investors, lured by the 5 free trades you get on the Dream Plan, are turning to RKSV. This has been a welcome change as we always feel a user should invest or trade using the style that suits them best. If you're a long-term investor and it works for you, why bother changing your trading style? And a better question- why pay anything at all if you're just doing a handful of trades each month 😉
- 5500+ Cr. of Daily Turnover
RKSV is now routinely clocking in 5500+ Cr. of turnover daily. This beats some of the best-known brokers in the country! The figure is only going up each month. As a community, RKSV's clients are showing India that they have faith in a broker that has a proven track record and takes customer service, security, and technology very seriously. With the launch of Upstox...we can expect to be doing 10,000 Cr. of turnover daily very soon.