Full Service Broker Depository: CDSL & NSDL
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Kotak Securities is a full service broker that is a subsidiary of Kotak Mahindra Bank. They distribute financial products and services across the country.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity
Commodity
Currency
Futures
Options
Brokerage Plans:

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 600

Plan Charges

₹ 1179

Call & Trade Charges

₹ 50
Brokerage

Equity Delivery Brokerage

0.39%

Equity Intraday Brokerage

0.04%

Equity Futures Brokerage

0.04%

Equity Options Brokerage

0.01%

Currency Futures Brokerage

0.04%

Currency Options Brokerage

0.03%

Commodity Futures Brokerage

0.025%

Commodity Options Brokerage

0.049%
Margins

Equity Delivery Margin

2x

Equity Intraday Margin

2x

Equity Futures Margin

2x

Equity Options Margin

1x/50x

Currency Futures Margin

2x

Currency Options Margin

1x/50x

Commodity Futures Margin

2x

Commodity Options Margin

2x
Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 600

Plan Charges

₹ 499

Call & Trade Charges

₹ 50
Brokerage

Equity Delivery Brokerage

0.25%

Equity Intraday Brokerage

0.25%

Equity Futures Brokerage

₹ 20

Equity Options Brokerage

₹ 20

Currency Futures Brokerage

₹ 20

Currency Options Brokerage

₹ 20

Commodity Futures Brokerage

₹ 20

Commodity Options Brokerage

₹ 20
Margins

Equity Delivery Margin

2x

Equity Intraday Margin

2x

Equity Futures Margin

2x

Equity Options Margin

1x/50x

Currency Futures Margin

2x

Currency Options Margin

1x/50x

Commodity Futures Margin

2x

Commodity Options Margin

2x
Trading Platforms Learn More

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

KEAT Pro X Kotak Stock Trader Kotak Securities website
Pros

Advantages and Strengths of this broker.

  1. Kotak Securities provides a wide range of investment options.
  2. Provides daily alerts, market pointers, research reports, stock recommendations, etc. to the customers.
  3. They also provide PMS services & foreign investment.
  4. NRIs can also open an account with Kotak Securities.
Cons

Disadvantages of this broker that it needs to improve upon.

  1. Account opening charges are higher as compared to other full-service brokers and the brokerage charges are also high with respect to investors.
  2. Call & Trade charges vary depending on the frequency of investing.
  3. A minimum amount has to be compulsorily deposited upon opening of the account.
Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account
Free Trading Calls
Free Research Reports
SMS Alerts
Margin Funding
Margin Against Share
Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

Mutual Funds
IPO Platform
Bonds & Debt
Exchange Traded Funds
Insurance
Finology Ratings & Reviews for Kotak Securities

Ratings are provided based on customer service, usability, charges and overall average. Reviews are based on positive and negative aspects of the broker that help you understand this broker better.

Charges

(3)

Usability

(2.8)

Customer Service

(3.5)

Charges Review

  • Kotak Securities offers low brokerage charges for traders but intraday trading is free.
  • Equity delivery charges are higher as compared to others.
  • They have different brokerage plans & margin plans for which are chargeable.
  • They provide various tools and services such as portfolio analyzers, monitoring service, etc. with their premium plans.

Customer Service Review

  • Kotak Securities provides support over call & email.
  • As per customer reviews, the support is prompt.
  • Automated chat support is also available, and they offer an option to raise a ticket as well.
  • They have physical branches present in most of the cities.

Ease of Use Review

  • The trading platforms are user friendly and easy to navigate.
  • Kotak Securities provides free trading calls & research reports over mail and website.
  • Their software with terminal experience is quite advanced and user friendly.
  • They provide various tools and services such as portfolio analyzers, monitoring service, etc. for better decision making.

Account Opening Procedure Review

  • The online account opening process is easy for individual accounts.
  • The offline process is cumbersome and time consuming.
  • They support NRI accounts as well.
  • They offer numerous options within their plans which make the account opening process confusing.
  • Kotak Securities supports accounts from only a limited number of banks in the online process.

Why Choose Kotak Securities? Know Everything about Kotak Securities here.

Verdict

Kotak Securities offers zero brokerage on Intraday trades (all segments). The advanced trading platform with terminal experience is available free of cost. They do not offer free equity delivery. A dedicated RM is provided to all customers. They also offer Portfolio Management Services.

If you are a trader, the broker provides you with

  • Zero brokerage for Intraday positions in all segments.

  • A separate section for Derivative market updates on their website which includes put-call ratio, most active contracts traded, calls & puts having the highest premium etc.

  • A separate research section for issuing calls for intraday trading as well as short term trading.

If you are an investor, the broker provides you with

  • ‘Knowledge Bank’ that provides information relevant to both beginners and traders. 

  • A wide range of services including FDs, SGB etc.

  • Recommendations on mutual funds and long term stock investments.

Trading Tools

KEAT Pro X 

KEAT Pro X is a free installable web-based platform with a friendly user interface for traders. It is compatible with low-speed internet as well and works on both desktop and laptop. An active trader can use this for order placing at multiple exchanges by using shortcut keys. It also provides stock recommendations by experts and comes with charting tools, technical indicators and historical data which help the traders in better decision making.

Kotak Stock Trader 

Kotak Stock Trader is a mobile trading app that even the Guest Users (who don't have an account in Kotak Securities) can download. Customers can monitor the markets and get live quotes with chart tracking. It provides margin details, available fund details & limits, notifications and alerts setting, and also, pledging of shares can be done with the help of this application.

Kotak Securities website 

Kotak Securities’ website is a web-based platform that doesn't require installation. Customers can visit the website & use it for trading or investing.
Allows trading across different exchanges (BSE, NSE, MCX, etc) through one platform. Customers can view various reports provided by experts, live data streaming with multiple order types, and market depth. It allows customers to easily switch platforms for different investments like mutual funds, bonds, ETFs etc.

Charges Details

For Equity

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

0.00325% - NSE
0.00325% - BSE

0.00325% - NSE
0.00325% - BSE

0.0019% - NSE

0.05% - NSE

Demat Transaction Charges 

Sell-side, ₹ 18.5 per scrip 

-

-

-

STT

As per exchange

0.10%

0.025% - Sell side

0.01% - Sell-side

SEBI Charges

₹ 15 per crore

₹ 15 per crore

₹ 15 per crore

₹ 15 per crore

For Commodity

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0026% - MCX; 0.006% - NCDEX

Waived off 

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

0.01% - Sell side

0.05% - Sell-side

SEBI Charges

₹ 15 per crore

₹ 15 per crore

Currency Charges

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0009% - NSE
0.00022% - BSE

0.035% - NSE
0.001% - BSE

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

-

-

SEBI Charges

₹ 15 per crore

₹ 15 per crore

Kotak Securities Customer Reviews

Overall Rating

3

Based on 3 reviews

Rating Summary

5
33%
4
0%
3
33%
2
0%
1
33%

Review Analytics

Platform 1 votes

Charges 1 votes

Transparency 0 votes

Features 2 votes

Customer Support 1 votes

farid khan

(3)

Posted on 30 Dec 2020

1. Online Trinity facility activation not available in 3in1 account. 2. Delivery zero brokerage not available

jitendrabhai

(5)

Posted on 22 Dec 2020

good

ashutosh wadhwani

(1)

Posted on 21 Dec 2020

I have an account with Kotak but since I was inactive for sometime, they have made my account dormant, which is understandable. But When I tried making it active, they asked me Documents, which I gave them by email. Then they asked me to come to the branch, which i think is not fair. If I can open an account at home why cant I make a dormant account active from home. Anyways I went to the branch did the formatlities but my account did not become active, this was before lock down. I opened account in Zerodha in the lockdown and started trading there. After the lockdown last month I tried call center and got same response to go to branch, but when I went to the branch in Marol they asked me to go Worli which is 30 Kms from my home. According to me this not justified, I have certain shares in this demat otherwise I would not have bothered making my account active. I tried mail, call center and Kotak's Insta page also but issues dont get solved. Kotak team if you are reading do think that I am trying to tarnish your image this is a genuine feedback and I have screenshots and mails to prove.