Broker Comparison |
Kotak Securities(3.1) Open Account |
Motilal Oswal(3.8) Open Account |
ICICI Direct(3) 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 | ₹ 600 | ₹ 199 | ₹ 700 |
| Broker Ratings | |||
| Usability | |||
| Usability | (2.8) | (4.4) | (3) |
| Charged | |||
| Charged | (3) | (3.5) | (2.5) |
| Customer Service | |||
| Customer Service | (3.5) | (3.6) | (3.5) |
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.
A retail trading and investment service, ICICI Direct, is a part of ICICI Securities, the largest retail stock broker firm in India. ICICI Direct offers 'online trading and investment' services to more than 20 lakhs customers. It offers services online as well as through a network of branches across India.
Opening a trading account with ICICI direct is free of cost irrespective of the plan you have chosen. However, the other charges like brokerage, maintenance, margin, other charges depend upon the product, segment and the plan you have chosen.
ICICI Direct provides a range of trading and investment options, thus giving new investors a platter to choose from. Also, the company offers free research and advisory services, which makes it easier for stock market beginners who need hand-holding, to start their investment journey and further provides them with a convenient trading experience.
Yes, with a market presence of more than 30 years, Motilal Oswal is a reputed SEBI registered stockbroker and depository participant. The company focuses on technology and profitability. It is also a depository participant with NSDL and CDSL.
Hence, Motilal Oswal can be considered as a safe and trustworthy financial platform for trading, owing to its reputed brand name and years of service and experience in the industry.
Yes, Motilal Oswal is a highly trusted name in the country, which has been in operation since the last 30 years. A SEBI registered stockbroker, Motilal Oswal is a member of BSE, NSE, MCX and NCDEX. It provides research and advisory services. The company is present on every platform ranging from mobile, web, tablet, desktop and smartwatch app.
They also provide customized service, education material and stock recommendations for customers. They also have a low complaint to active clients ratio.
Borrowed funds from a brokerage firm to leverage an investment is known as Margin. The margin in Motilal Oswal varies across its products and segments.
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