Broker Guidelines

Guidelines for RMoney (XTS)

RMoney Broker: An Overview

Raghunandan Money, commonly known as RMoney, is an Agra-based financial services firm established in 2004. It offers a comprehensive range of investment and trading services across equities, commodities, currencies, derivatives, mutual funds, insurance, and IPOs. RMoney operates as both a full-service and discount broker, catering to diverse investor needs. The firm is a member of major Indian exchanges, including NSE, BSE, MCX, and NCDEX. RMoney provides clients with advanced trading platforms such as RMoney Smart (web-based), RMoney Active (desktop terminal), and RMoney Quick (mobile app). These platforms offer features like real-time market data, advanced charting tools, and direct trading from charts. The broker also supports algorithmic trading through its Rocket API, allowing integration with various trading software and platforms. Additionally, RMoney offers copy trading services, enabling investors to mirror the strategies of experienced traders. With zero account opening charges and no annual maintenance fees for Demat accounts, RMoney positions itself as a cost-effective choice for both novice and seasoned investors

Info

What you will need to add RMoney (XTS) account in Cirrus

  • You need to have a Cirrus Account. If you don't have one, follow the LINK.

• You need to have an active Demat account in RMoney. If you don’t have an account, create an account on RMoney. Make sure to activate F&O on your account.

You need to have XTS API activated on your RMoney account. Following are the steps for activating XTS API:

• Go to https://xts.rmoneyindia.co.in:3000/#!/app and sign in to your account using appropriate Login ID and Password.

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• Create a New App: Click the create new app button as per given image below

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• Enter the required fields of data into it after clicking on create new app. Make sure to make app for “Interactive Data API” .

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• Once created app copy the API key and API Secret for further use.

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• Then, we should paste them into Cirrus Page.

FAQs for RMoney (XTS)

1. How long does it take to open a Demat account with RMoney?

It typically takes 24 hours for the online account to be activated.

2. What are the account opening charges?

RMoney offers free account opening. Additionally, there's a ₹299 brokerage reversal scheme where you receive ₹499 as advance brokerage credit.

3. What is the Demat AMC (Annual Maintenance Charge)?

The Demat AMC is free for the first year and ₹299 from the second year onwards.

4. What documents are required to open a Demat account?

You need to provide: PAN Card, Aadhaar Card, Address Proof (e.g., Passport, Voter ID), Income Proof (for derivatives trading), Bank Proof (e.g., Cancelled Cheque).

5. What trading platforms does RMoney offer?

RMoney provides: RMoney Smart (browser-based), RMoney Active (desktop application), and RMoney Quick (mobile app on Android and iOS).

6. Does RMoney offer trading APIs?

Yes, RMoney offers the Rocket API, which is free to use and supports multiple programming languages for algorithmic trading.

7. What are the margin requirements for trading?

Margins vary by segment: Equity Intraday - 1.5x of exchange margin, Equity Futures Intraday - 3x of exchange margin, Commodity Intraday - 3x of exchange margin.

8. What are the square-off timings and charges?

Square-off Time: 3:15 PM for equity. Square-off Charges: ₹18 + GST if squared off by the RMS team.

9. Are there charges for fund transfers?

Fund Transfer to Broker: Charges vary based on the plan. Fund Transfer from Broker to Bank: Free of cost.

10. Can a Demat account be opened for a minor?

Yes, a Demat account can be opened in the name of a minor, operated by a guardian. However, minors cannot engage in intraday trading or derivatives.