R K Global

Five8

1-2 years

Can you tell me the typical spread for EUR/USD when using a standard account with R K Global?

WikiFX Reply

Based on my research and experience evaluating brokers, I have not been able to find transparent details on the typical spread for EUR/USD with a standard account at R K Global. This lack of published spread information is concerning for me because, as a trader, understanding all trading costs—including the spread—is essential for planning and risk management. Furthermore, R K Global currently does not hold any recognized regulatory licenses, which adds another layer of risk. When a broker is unregulated and does not clearly disclose critical trading conditions like average spreads, I find it much harder to gauge whether their fee structure is truly competitive or could potentially contain unfavorable surprises. In my own trading, I prioritize working with brokers who offer high transparency around pricing, especially for frequently traded pairs like EUR/USD. Without reliable information on spreads and without regulatory oversight, I personally would exercise caution and consider these significant drawbacks when evaluating whether to open an account with R K Global. For me, these factors undermine both trust and my ability to trade efficiently.

Broker Issues

R K Global

Fees and Spreads

08-30

United States

Yousef47

1-2 years

Could you break down the total trading costs involved for indices such as the US100 when trading through R K Global?

WikiFX Reply

As an experienced forex trader, I always approach brokers with an emphasis on transparency and regulatory clarity. With R K Global, I've observed that the broker outlines a variety of fees for different instruments, but clear and detailed cost information specific to index products like the US100 is noticeably absent from the available information. What stands out for me is their commission structure for derivatives trading: the stated rate is Rs. 9 per lot for retail clients—this applies generally to derivatives, though it's not explicitly tied to index CFDs or specific indices such as the US100. Beyond trading commissions, there are additional costs to be aware of. R K Global imposes a DP fee of Rs. 12.5 per equity transaction, a call transaction surcharge of Rs. 25, and charges for digital or physical contract communications. However, it's unclear if these equity-related fees directly apply to index trading, which generates uncertainty for someone budgeting overall transaction costs. Just as importantly, there are gaps in information about other standard trading costs I routinely examine with brokers—such as spreads, overnight financing (swap) fees, or slippage. Furthermore, the lack of regulatory oversight and the broker's high-risk warning on their profile raise red flags for me; without regulation, clients may not have recourse in the event of disputes, which amplifies the need for caution. In summary, while I see a flat Rs. 9 per lot commission as part of the derivative product suite, the absence of comprehensive cost disclosures and unclear fee allocation make it challenging for me to fully quantify the total cost of trading indices like the US100 at R K Global. Given these uncertainties and the regulatory risks, I would proceed very cautiously and seek direct clarification from the broker before trading.

Broker Issues

R K Global

Fees and Spreads

08-30

United States

Abu00saeed

1-2 years

What major risks or drawbacks should I keep in mind if I decide to use R K Global?

WikiFX Reply

As an independent forex trader with a strong focus on safety and due diligence, my assessment of R K Global highlights several major risks that anyone should carefully consider. The most significant concern for me is the complete absence of regulatory oversight; R K Global operates without any valid regulatory license. This means that, should any issues arise—be it concerning trading malpractices, withdrawal problems, or disputes—there are no regulatory bodies in place to offer protection or mediation. From my experience, trading with unregulated brokers greatly increases personal risk exposure, as there’s little legal recourse if something goes wrong. Additionally, I noticed that crucial information about deposit and withdrawal methods is not provided. This lack of clarity makes it difficult to evaluate how accessible or secure my funds would actually be if I were to use their platform. The scattered account and fee structure, with multiple transaction-related charges, can make it challenging to fully understand what costs I might incur, potentially impacting trading profitability. Though R K Global offers an array of platforms and 24/7 customer service, these benefits do not outweigh the high risk that comes from unclear regulatory standing. In my experience, I’ve found safety of funds and transparent practices are core necessities for any broker I trust with my capital. Considering these drawbacks, I would advise exercising great caution and thoroughly investigating safer, well-regulated alternatives before committing any funds to R K Global.

Broker Issues

R K Global

Regulation

08-15

United States

marcustan

1-2 years

Which types of trading instruments can you access through R K Global, such as stocks, commodities, indices, forex, or cryptocurrencies?

WikiFX Reply

In my experience researching and evaluating brokers carefully, I found that R K Global offers a mix of trading instruments, but there are clear limitations and risks that I consider essential to highlight. According to what I was able to access, R K Global provides trading in equities (stocks), derivatives, commodities, mutual funds, and currencies. However, I did not find any direct mention or evidence of access to indices or cryptocurrencies through their platform, so I cannot confirm those are available. As someone who understands the importance of security and transparency in financial decisions, I have to note my reservations. R K Global is not regulated as a stockbroker, meaning there is no third-party oversight or protection for client funds and activities—a critical factor for me when considering where to trade. The broker also charges several different fees, and not all account and transaction details are clearly laid out, which adds another layer of uncertainty in my book. Ultimately, while R K Global appears to allow trading in several traditional asset classes like equities, derivatives, commodities, mutual funds, and currencies, I exercise caution in the absence of clear regulation or reliable fund security measures. For me, this means I would be very careful before considering R K Global for any trading activity, regardless of the diversity of instruments offered.

Broker Issues

R K Global

Instruments

Account

Platform

Leverage

08-10

United States