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ICICIDirect Vs Kotak Securities: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of ICICIDirect ranges between Rs. 20 while the brokerage of Kotak Securities ranges between Rs. 20 per order. Both the brokers are Full Service brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for ICICIDirect is 18,45,202 where number of active customer for Kotak Securities is 12,08,948. ICICIDirect is serving more customer compare to Kotak Securities.

Here we present side-by-side comparison of ICICIDirect vs Kotak Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared ICICIDirect vs Kotak Securities'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 ICICIDirect vs Kotak Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared ICICIDirect vs Kotak Securities'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 ICICIDirect vs Kotak Securities on Service

  ICICIDirect Compare
ICICIDirect
Kotak Securities Compare
Kotak Securities
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 18,45,202 12,08,948
Broker Overview ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec... Know more about ICICIDirect 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
Broker Enquiry Request call back from Zerodha Request call back from Kotak Securities
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Account Opening Charges and AMC

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

Comparison of ICICIDirect with Kotak Securities on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect offer Free account opening where Kotak Securities charges Rs 99 for account opening. Demat AMC charges - ICICIDirect charges Rs 300 per annum AMC for Demat account where Kotak Securities charges Rs 600 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with Kotak Securities
Charges ICICIDirect Kotak Securities
Trading Account Opening Fees Free Rs 99
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Rs 600 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs Kotak Securities on Plan Options

Plans are the most important feature you look when compare ICICIDirect with Kotak Securities. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy.. Monthly Plans - Both the brokers don't have Monthly Plans.

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

Account Opening

  Zerodha Kotak Securities
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs Kotak Securities on Brokerage Charges

ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.

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.

Brokerage Charges - Compare ICICIDirect with Kotak Securities
Brokerage Charges Compare ICICIDirect Kotak Securities
Plan Name NEO Flat Discount Brokerage Plan Kotak Securities Trade Free Plan
Equity Delivery 0.55% 0.25%
Equity Intraday Flat Rs. 20 per order Free
Equity Futures Free (Rs. 0 brokerage) Delivery: Flat fee Rs. 20 per order| Intraday: Fre
Equity Options Flat Rs. 20 per order Delivery: Flat fee Rs. 20 per order| Intraday: Free
Currency Futures Flat Rs. 20 per order Delivery: Flat fee Rs. 20 per order| Intraday: Fre
Currency Options Flat Rs. 20 per order Delivery: Flat fee Rs. 20 per order| Intraday: Fre
Commodity Trading Flat Rs. 20 per order Delivery: Flat fee Rs. 20 per order| Intraday: Fre
Minimum Brokerage Rs 35 per trade Rs 21 per executed order
Hidden Charges Yes No
Funding Yes - 18% interest PA 12.49% interest PA
Call & Trade Charges First 20 call free and Rs 25 there onwards. 20 calls free and after that Rs 20 per call
Auto Square off Charges First 20 call free and Rs 25 there onwards. 20 calls free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for Kotak Securities
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Share Broker's Transaction Charges

Compare ICICIDirect vs Kotak Securities on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with Kotak Securities
Transaction Charges Compare ICICIDirect Kotak Securities
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 NA Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for kotak-securities
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Account Features

Compare ICICIDirect vs Kotak Securities on Account Features

Compare ICICIDirect with Kotak Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 3-in-1 account which includes bank, trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

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

Compare ICICIDirect vs Kotak Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and Kotak Securities. 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 ICICIDirect with Kotak Securities
Trading Platform Compare ICICIDirect Kotak Securities
Desktop Trading Platform Trade Racer Neo
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail https://www.icicidirect.com https://www.kotaksecurities.com/itrade/user/welcome.exe?action=chk_seckey_stat
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App ICICI direct Mobile Kotak Neo
Mobile Trading App Demo ICICI direct Mobile Demo Kotak Neo Demo
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod Kotak Neo Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile Download iOS Kotak Neo 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 ICICIDirect Equity Intraday and Delivery Brokerage Calculator for Kotak Securities
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for Kotak Securities
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for Kotak Securities
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for kotak-securities

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Broker Ratings by Users

Compare ICICIDirect vs Kotak Securities on User Rating

  ICICIDirect Kotak Securities
  267 Customer Reviews    Rate ICICIDirect 82 Customer Reviews    Rate Kotak Securities
Fees Ratings 2.4 2.6
Trading Brokerage Rating 1.8 2.7
Trading Platform Usability 3.3 3.2
Customer Service Ratings 2.9 3.1
Overall Ratings 2.5 2.8
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Kotak Securities is Rated 2.8 / 5 based on 82 customer reviews
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Investment Offerings

Compare ICICIDirect vs Kotak Securities on Investment Offerings

Compare ICICIDirect with Kotak Securities 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 - Kotak Securities offers trading options in Commodity (MCX) where ICICIDirect doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers provides PMS Service. You can invest in stocks/equity/bonds using PMS.

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

Compare ICICIDirect vs Kotak Securities on Order Types

Order Type - Compare ICICIDirect with Kotak Securities 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) - Kotak Securities provides Bracket Orders (BO) where ICICIDirect doesn't offer.With the name its cleare 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 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 ICICIDirect with Kotak Securities
Order Type Compare ICICIDirect Kotak Securities
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare ICICIDirect vs Kotak Securities on Customer Service

Compare ICICIDirect with Kotak Securities 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 ICICIDirect with Kotak Securities
Customer Service Compare ICICIDirect Kotak Securities
24/7 Customer Service ICICIDirect vs Kotak Securities - 24x7 customer support No No
Email Support ICICIDirect vs Kotak Securities - Email Support Yes Yes
Onine Live Chat ICICIDirect vs Kotak Securities - Onine Live Chat No Yes
Phone Support ICICIDirect vs Kotak Securities - Phone Support Yes Yes
Toll Free Number ICICIDirect vs Kotak Securities - Toll Free Number No Yes
Through Branches ICICIDirect vs Kotak Securities - Through Branches Yes Yes
Customer Care Number ICICIDirect vs Kotak Securities - Customer Care Number 1860 123 1122 1800 209 9191
Account Opening Process ICICIDirect vs Kotak Securities - Account Opening Process Online Online
Customer Support Email ICICIDirect vs Kotak Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs Kotak Securities - Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank
Head Office Address ICICIDirect vs Kotak Securities - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
27 BKC, C 27, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai 400051
Website ICICIDirect vs Kotak Securities - Company Website https://www.icicidirect.com https://www.kotaksecurities.com
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Tips/Research/Reports Published

Compare ICICIDirect vs Kotak Securities on Research Reports, Tips

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

Research Reports - Compare ICICIDirect with Kotak Securities
  ICICIDirect Kotak Securities
Research Mutual Funds ICICIDirect vs Kotak Securities - Research Mutual Funds Yes Yes
Research Equity Reports ICICIDirect vs Kotak Securities - Research Equity Reports Yes Yes
Research ETF ICICIDirect vs Kotak Securities - Research ETF Yes Yes
Daily Market Report ICICIDirect vs Kotak Securities - Daily Market Report Yes Yes
Free Tips ICICIDirect vs Kotak Securities - Free Tips Yes Yes
Quarterly Result Analysis ICICIDirect vs Kotak Securities - Quarterly Results Yes Yes
News Alerts ICICIDirect vs Kotak Securities - Yes Yes
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Demat Account

Compare ICICIDirect vs Kotak Securities on Demat Account

Compare ICICIDirect with Kotak Securities 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 Kotak Securities is ₹780 pa where for ICICIDirect is ₹700 pa.

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 ICICIDirect is 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) where for Kotak Securities is 0.04% (Min ₹27) + CDSL charges.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 ICICIDirect with Kotak Securities
  ICICIDirect Kotak Securities
DP Source CDSL CDSL
DP ID ICICIDirect vs Kotak Securities - DP ID 14300 49200
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹780 pa
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account NA
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) 0.04% (Min ₹27) + CDSL charges
Demat ₹50 per set up ₹3 per certificate + ₹50 courier charges
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹10 for every hundred securities (Min ₹15)
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) 0.05% of transaction value (Min ₹30)
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) 0.05% of transaction value (Min ₹30)
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) 0.05% of transaction value (Min ₹30)
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) 0.05% of transaction value (Min ₹30)
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) 0.05% of transaction value (Min ₹30)
Failed Instruction Charges ₹30 per transaction Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Kotak Securities on Special Offers and Promotion

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

Compare ICICIDirect vs Kotak Securities on Special Offers and Promotion
  ICICIDirect Kotak Securities
Pay In and Pay Out Options ICICIDirect vs Kotak Securities - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
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.
Payout Time ICICIDirect vs Kotak Securities - Payout Time Instant to ICICI Bank. Upto 24 Hrs except Bank Holidays. Instant fund transfer with Kotak Mahindra Bank.
Bank Supported and Charges ICICIDirect vs Kotak Securities - Bank Supported and Charges Info Not Available (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank
Bank Detail Direct from your ICICI bank account. Direct from your Kotak Mahindra bank account.
Likes
  • 100% digital and paperless 3-in-1 account opening facility.
  • Trade on the BSE, NSE, MCX, and invest in other products.
  • Multiple brokerage plans for residents and NRI trading.
  • All kinds of trading platforms across web, app, and desktop versions.
  • Invest in mutual funds for free with ICICIdirect Money App.
  • Expert research calls and recommendations.
  • Sell stocks and get cash instantly with the e-ATM facility.
  • Advanced orders like bracket order, cover order, after market order, and basket order.
  • Place Valid Till Cancelled (VTC) order, valid for 45 days.
  • Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners.
  • Margin funding
  • Loans on securities.
  • Dedicated customer services.

Detail Review...

  • 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...

Dislikes
  • High brokerage charges.
  • The broker levies a minimum brokerage fee, which varies across brokerage plans.
  • NEO flat discount brokerage plan (Rs. 20) charges a one-time subscription fee of Rs. 299.
  • Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.

Detail Review...

  • 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...

Special Offers/Promo Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquiry Open Zerodha Account Now>> Open Kotak Securities Account Now>>

Last Updated on 2023-09-14T04:34:26+00:00