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Kotak Securities Vs Fyers: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Kotak Securities Max Rs. 20 per order per trade while the brokerage of Fyers ranges between Rs 20. Kotak Securities is a Full Service Broker where Fyers is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for Kotak Securities is 12,08,948 where number of active customer for Fyers is 2,22,798. Kotak Securities is serving more customer compare to Fyers.

Here we present side-by-side comparison of Kotak Securities vs Fyers share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Kotak Securities vs Fyers's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Kotak Securities vs Fyers share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Kotak Securities vs Fyers's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Kotak Securities vs Fyers on Service

  Kotak Securities Compare
Kotak Securities
Fyers Compare
Fyers
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Active Clients 12,08,948 2,22,798
Broker Overview Kotak Securities is one of the leading stock brokers in India. From a comprehensive suite of trading and investing products to free intraday trading, multiple brokerage plans, a new-gen Neo web and app platform, cutting-edge trading tools, and expert... Know more about Kotak Securities Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i...Know more about Fyers
Broker Enquiry Request call back from Kotak Securities Request call back from Fyers
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Account Opening Charges and AMC

Compare Kotak Securities vs Fyers on Trading & Demat Account Opening Charges

Comparison of Kotak Securities with Fyers on trading & demat account opening charges and AMC. Trading account opening charges - Fyers offer Free account opening where Kotak Securities charges Rs 99 for account opening. Demat AMC charges - Fyers offer Free AMC for Demat account where Kotak Securities charges Rs 600 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Kotak Securities with Fyers
Charges Kotak Securities Fyers
Trading Account Opening Fees Rs 99 Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 600 PA Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Kotak Securities vs Fyers on Plan Options

Plans are the most important feature you look when compare Kotak Securities with Fyers. This section compare on high level about type of plans offered by brokers. Multiple Plans - Kotak Securities provide Multiple Plans where Fyers doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Kotak Securities with Fyers on Plan Options
Plan Types Kotak Securities Fyers
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Kotak Securities Fyers
Account Opening Request
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Brokerage Charges

Compare Kotak Securities vs Fyers on Brokerage Charges

Kotak Securities Brokerage Plan detail - Kotak Securities Trade Free Plan offers Free or Zero brokerage intraday trading in all segments whereas delivery trading is charged at 0.25% or Rs 20 whichever is higher. The plan is available for Rs 499 One Time fee.

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

Brokerage Charges - Compare Kotak Securities with Fyers
Brokerage Charges Compare Kotak Securities Fyers
Plan Name Kotak Securities Trade Free Plan Max Rs 20 Per Order Trading Plan
Equity Delivery 0.25% Free
Equity Intraday Free 0.03% or Rs 20 whichever is lower
Equity Futures Delivery: Flat fee Rs. 20 per order| Intraday: Fre 0.03% or Rs 20 whichever is lower
Equity Options Delivery: Flat fee Rs. 20 per order| Intraday: Free Flat Fee Rs 20
Currency Futures Delivery: Flat fee Rs. 20 per order| Intraday: Fre 0.03% or Rs 20 whichever is lower
Currency Options Delivery: Flat fee Rs. 20 per order| Intraday: Fre Flat Fee Rs 20
Commodity Trading Delivery: Flat fee Rs. 20 per order| Intraday: Fre Flat Fee Rs 20
Minimum Brokerage Rs 21 per executed order NIL
Hidden Charges No No
Funding 12.49% interest PA No
Call & Trade Charges 20 calls free and after that Rs 20 per call Rs 50 Per Order
Auto Square off Charges 20 calls free and after that Rs 20 per call Rs 50 Per Order
Brokerage Calculator Brokerage Calculator for Kotak Securities Brokerage Calculator for Fyers
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Share Broker's Transaction Charges

Compare Kotak Securities vs Fyers on Transaction Charges

Compare Kotak Securities with Fyers on transaction charges and PCM fee by segment.

Transaction Charges - Compare Kotak Securities with Fyers
Transaction Charges Compare Kotak Securities Fyers
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for kotak-securities Complete Brokerage Plans for fyers
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Account Features

Compare Kotak Securities vs Fyers on Account Features

Compare Kotak Securities with Fyers on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Kotak Securities offers 3-in-1 account where Fyers offers only 2-in-1 account which includes trading and demat account. Algo Trading - Fyers offers Algo Trading where Kotak Securities doesn't offers Algo Trading. Margin Funding - Kotak Securities offers a margin funding where Fyers doesn't offers margin funding. NRI Trading - Kotak Securities offers NRI where Fyers doesn't offers NRI Trading.

Account Features - Kotak Securities with Fyers
Account Features Compare Kotak Securities Fyers
3 in 1 Account Yes, Kotak Securities have 3-in-1 accounts. Bank Account, Demat and Trading account. No Kotak Securities have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading Yes No
Other Features NIL Fyers 30 Day Challenge
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Trading Platform

Compare Kotak Securities vs Fyers on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Kotak Securities and Fyers. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Kotak Securities with Fyers
Trading Platform Compare Kotak Securities Fyers
Desktop Trading Platform Neo Fyers One
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.kotaksecurities.com/itrade/user/welcome.exe?action=chk_seckey_stat Fyers Web
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site No No
Mobile Trading Yes Yes
Mobile Trading App Kotak Neo Fyers 2.0 Mobile App
Mobile Trading App Demo Kotak Neo Demo Fyers 2.0 Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod Kotak Neo Download Andriod Fyers 2.0 Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Kotak Neo Download iOS Fyers 2.0 Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Kotak Securities Equity Intraday and Delivery Brokerage Calculator for Fyers
Futures Brokerage Calculator Futures Brokerage Calculator for Kotak Securities Futures Brokerage Calculator for Fyers
Options Brokerage Calculator Options Brokerage Calculator for Kotak Securities Options Brokerage Calculator for Fyers
Detail Detail on Trading Platforms for kotak-securities Detail on Trading Platforms for fyers

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Broker Ratings by Users

Compare Kotak Securities vs Fyers on User Rating

  Kotak Securities Fyers
  82 Customer Reviews    Rate Kotak Securities 10 Customer Reviews    Rate Fyers
Fees Ratings 2.6 3.5
Trading Brokerage Rating 2.7 3.6
Trading Platform Usability 3.2 3.6
Customer Service Ratings 3.1 3.4
Overall Ratings 2.8 3.2
Broker Rating Kotak Securities is Rated 2.8 / 5 based on 82 customer reviews Fyers is Rated 3.2 / 5 based on 10 customer reviews
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Investment Offerings

Compare Kotak Securities vs Fyers on Investment Offerings

Compare Kotak Securities with Fyers on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Kotak Securities provide PMS Service where Fyers doesn't offer

Investment Offerings - Compare Kotak Securities with Fyers
Investment Offerings Compare Kotak Securities Fyers
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare Kotak Securities vs Fyers on Order Types

Order Type - Compare Kotak Securities with Fyers on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare Kotak Securities with Fyers
Order Type Compare Kotak Securities Fyers
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare Kotak Securities vs Fyers on Customer Service

Compare Kotak Securities with Fyers on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Kotak Securities with Fyers
Customer Service Compare Kotak Securities Fyers
24/7 Customer Service Kotak Securities vs Fyers - 24x7 customer support No No
Email Support Kotak Securities vs Fyers - Email Support Yes Yes
Onine Live Chat Kotak Securities vs Fyers - Onine Live Chat Yes No
Phone Support Kotak Securities vs Fyers - Phone Support Yes Yes
Toll Free Number Kotak Securities vs Fyers - Toll Free Number Yes No
Through Branches Kotak Securities vs Fyers - Through Branches Yes No
Customer Care Number Kotak Securities vs Fyers - Customer Care Number 1800 209 9191 08060001111
Account Opening Process Kotak Securities vs Fyers - Account Opening Process Online 100% online and paperless proc
Customer Support Email Kotak Securities vs Fyers - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Kotak Securities vs Fyers - Knowledge Center/Education https://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank https://fyers.in/school-of-stocks/
Head Office Address Kotak Securities vs Fyers - Head Office Address/Corporate Address 27 BKC, C 27, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai 400051
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Website Kotak Securities vs Fyers - Company Website https://www.kotaksecurities.com https://fyers.in/
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Tips/Research/Reports Published

Compare Kotak Securities vs Fyers on Research Reports, Tips

Compare Kotak Securities with Fyers on research reports and tips provided by the broker.

Research Reports - Compare Kotak Securities with Fyers
  Kotak Securities Fyers
Research Mutual Funds Kotak Securities vs Fyers - Research Mutual Funds Yes No
Research Equity Reports Kotak Securities vs Fyers - Research Equity Reports Yes No
Research ETF Kotak Securities vs Fyers - Research ETF Yes No
Daily Market Report Kotak Securities vs Fyers - Daily Market Report Yes No
Free Tips Kotak Securities vs Fyers - Free Tips Yes No
Quarterly Result Analysis Kotak Securities vs Fyers - Quarterly Results Yes No
News Alerts Kotak Securities vs Fyers - Yes Yes
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Demat Account

Compare Kotak Securities vs Fyers on Demat Account

Compare Kotak Securities with Fyers on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Fyers is Free where for Kotak Securities is ₹780 pa. Fyers is a better choice in terms of Demat AMC compare to Kotak Securities.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Kotak Securities is 0.04% (Min ₹27) + CDSL charges where for Fyers is ₹7 + ₹5.50 (CDSL Charges) per transaction.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Kotak Securities with Fyers
  Kotak Securities Fyers
DP Source CDSL CDSL
DP ID Kotak Securities vs Fyers - DP ID 49200 432-2019
Demat Account Annual Maintenance Charges(AMC) ₹780 pa Free
Advance Deposit NA Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹27) + CDSL charges ₹7 + ₹5.50 (CDSL Charges) per transaction
Demat ₹3 per certificate + ₹50 courier charges ₹0
Remat ₹10 for every hundred securities (Min ₹15) ₹0
Pledge Creation 0.05% of transaction value (Min ₹30) Nil
Pledge Creation Confirmation 0.05% of transaction value (Min ₹30) Nil
Pledge Closure 0.05% of transaction value (Min ₹30) Nil
Pledge Closure Confirmation 0.05% of transaction value (Min ₹30) Nil
Pledge Invocation 0.05% of transaction value (Min ₹30) Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Stamp Charges ₹50,
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Special Offers,Advantages,Disadvantages

Compare Kotak Securities vs Fyers on Special Offers and Promotion

Compare Kotak Securities with Fyers on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Kotak Securities vs Fyers on Special Offers and Promotion
  Kotak Securities Fyers
Pay In and Pay Out Options Kotak Securities vs Fyers - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from Partnerbanks (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank).
Pay-out/Fund Withdrawal - Bank Transfer only.
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Kotak Securities vs Fyers - Payout Time Upto 24 Hrs except Bank Holidays. Instant fund transfer with Kotak Mahindra Bank. Up to 24 Hrs except for Bank Holidays.
Bank Supported and Charges Kotak Securities vs Fyers - Bank Supported and Charges (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank 24+ banks connected via payment gateway, Free pay in and Free Pay Out.
Bank Detail Direct from your Kotak Mahindra bank account. Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
Likes
  • Wide range of products from equity to F&O, IPO, debt, mutual funds, SGBs, etc.
  • Minimal account opening charges
  • No brokerage intraday trading
  • Low-cost brokerage trading
  • Multiple platforms to trade on web, app, and desktop
  • StockCase: Experts recommended basket of stocks
  • Tools like equity screeners, TradingView charts, and Payoff analyzer
  • BNST: Buy Now Sell Tomorrow order
  • Bracket order, cover order, GTT, and aftermarket order
  • Intraday trading tips, short-term and long-term calls, derivative calls, equity investment ideas, and quarterly research reports from experts are available.
  • Margin trading facility (MTF) with dealer assisted trading
  • Kotak Traders Academy for beginners

Detail Review...

  • Trade on BSE, NSE, and MCX
  • Free stocks and mutual funds investment
  • Rs 20 fixed brokerage on all segments
  • Invest in IPOs, OFS, SGBs, G-secs, and T-bills
  • Cheapest Rs 50/order brokerage on NRI trading
  • User-friendly mobile app and website for investors
  • Fyers Next and Fyers One high-speed trading terminal for traders
  • Fyers Thematic Investing: Invest in expert curated basket of stocks.
  • Start Algo trading Access with Fyers API for free
  • Bracket order, cover order, GTT, AMO, basket order
  • Fyers School of Stocks, a free stock market learning platform.
  • Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc.

Detail Review...

Dislikes
  • Its Trade free youth plan is only available for upto 30 years of age and that too is valid for 2 years only.
  • High brokerage in dealer-assisted plan (Delivery: 0.39%, Equity and commodity options: Rs 39 per lot)
  • Delivery trading is not free as charged with 0.25% brokerage.

Detail Review...

  • No unlimited zero brokerage monthly plans
  • No 3-in-1 account offering
  • No mutual fund investment app
  • Research reports are not offered free

Detail Review...

Special Offers/Promo
Enquiry Open Kotak Securities Account Now>> Open Fyers Account Now>>

Last Updated on 2024-02-17T05:10:46+00:00