Broker Comparison |
Choice(3.4) Open Account |
Kotak Securities(3.1) Open Account |
Angel One(3.2) Open Account |
---|---|---|---|
Basic Details | |||
Broker Type | |||
Broker Type | Full Service Broker | Full Service Broker | Full Service Broker |
Account Opening | |||
Account Opening | Free | Free | Free |
Account Maintenance | |||
Account Maintenance | ₹ 200 | ₹ 600 | ₹ 240 |
Broker Ratings | |||
Usability | |||
Usability | (3.7) | (2.8) | (3) |
Charged | |||
Charged | (3.5) | (3) | (4) |
Customer Service | |||
Customer Service | (3) | (3.5) | (2.5) |
Brokerage charge is the fee charged by the broker in exchange for the buying & selling of securities or trade executed by the customers.
These charges are payable by the investors on every transaction. However, Kotak Securities charges Zero brokerage for intraday trades across Cash, Futures & Options, and Currency & Commodity segments.
When it comes to Equity delivery, their brokerage charges are Zero too for customers under 30 years of age through the Trade Free Youth Plan and 0.25% of the transaction value if customers are above 30 years through the Trade Free Plan.
In case a customer wants to avail lower interest rate benefit through Margin Trading Facility, he/she can subscribe to the Trade Free Max Plan.
Click here to learn more in detail about the brokerage charges of Kotak Securities.
The cost of opening a demat account with Kotak Securities is free. However, there are other charges associated with having a demat account with Kotak Securities which include safety charges (custodian fee), annual maintenance charges, and transaction charges, depending upon the value of securities.
The 3-in-1 account of Kotak Securities includes a demat account and an online trading account with Kotak Securities and a bank account with the Kotak Mahindra Bank. You can open a 3-in-1 account with Kotak Securities by following the below steps:
Fill out their online application form and submit the required documents.
After filling out the form, call their toll free numbers 1800 222 299 / 18002099191
Or, visit the nearest Kotak Securities branch office.
Angel One is known as the largest full-service retail broker of India. With more than two decades of broking experience, Angel One has effectively managed to have a pan-India presence in over 1800 cities and towns. Angel One, with its modern technology and functional trading platform, serves their best when it comes to investment and trading advisory services. And it is also known for its transparent working policies and ethical practices.
You can open a Demat account in Angel One in 2 ways:
1. Online Account Opening (Digital KYC)
Go to the Angel One website and go to the account opening page.
Fill the application form, submit all the essential documents for In-person KYC verification and identity verification.
Pay the charges associated with the Demat account.
On the complete verification of the document, your Demat account opens, the confirmation mail will be sent to you on your registered mail ID.
2. Visit Angel Branch Office.
Angel One offers account opening through the online Digital Know your Customer (D-KYC) process. It takes 24 hours to get the activation details. This is the fastest way of opening a Demat and trading accounts.
Yes. Choice is absolutely safe. The company is a depository participant of CDSL and is also a member of BSE, NSE, MSEI, MCX and NCDEX. Established in 2010, it has been “Nurturing Financial Excellence” for over two decades now.
Opening an account is a very simple process.
Firstly, install the app Jiffy (Android and iOS) and click on “Don’t have an account” on the login page.
Registration requires a few documents. The documents include Address proof, PAN card, Photograph, a cancelled cheque, your signature on a white paper and income proof. Once these documents are ready with you, click on “getting started”.
Enter your mobile number and PAN number. Also, upload an image of your PAN card and give in other details required.
Fill in other basic and address details in the space provided.
If you opted to add a nominee, give in the details pertaining to the same.
Provide your economic details related to your educational qualifications, income slab, occupation, etc.
Once that’s done, upload an image of the cancelled cheque and enter other bank details.
Now select the segment you want to trade-in. The options available are equity, derivatives, currency, commodity.
The next step involves in-person verification, which requires you to write the OTP provided on a white sheet, click a selfie clearly showing your face and the OTP.
Upload other documents required.
You will now enter the eSign page wherein you have to enter your Aadhar number and request for OTP. Once the OTP is received and entered, clicking on Submit will complete the process.’
You can also opt to send the documents to the company by way of courier.
For step by step guide click here.
Following the below steps will help you transfer the amount into your bank account in T+2 days
Once you open the app, under Fund Details, click on Withdraw and select the exchange you wish to withdraw funds from.
Enter the required amount.
The bank set as default will be selected. You can change it in case you have multiple accounts. Once selected, give in remarks, if any.
Tap Withdraw. You will receive an acknowledgement email and SMS.