MDirect Vs Kotak Securities

The brokerage of MDirect Max Rs 18 per trade while the brokerage of Kotak Securities Ltd ranges between .049 to .49%. MDirect is a Discount Broker where Kotak Securities Ltd is a Full Service Broker. MDirect is having overall lower rating compare to Kotak Securities Ltd. MDirect is rated only 3 out of 5 where Kotak Securities Ltd is rated 4 out of 5.

Here we present 1 on 1 comparison of MDirect vs Kotak Securities Ltd share brokers in India. The comparison is based on more than 50 attributes for clear decision making.To be precise, we have compared MDirect vs Kotak Securities's on brokerage plans,Plan types,customer service, maintenance fees, tools, rating, reviews,trading features and investment options provided to Indian share market investors.This will help you in make up your mind and clear things for you so that you can choose the best broker for youself.

Compare MDirect vs Kotak Securities Ltd - Broker type and exchange supported
  MDirect Logo
MDirect
Kotak Securities Ltd Logo
Kotak Securities Ltd
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE,NSE,MCX,NCDEX,MSEI BSE, NSE, MCX-SX, MCX, NCDEX
Broker Overview MDirect, a Discount Broker providing customers trading across all segments augmented with research reports, daily newsletters through email or SMS at simple and inexpensive price. Kotak Securities Limited is a leading brokerage, distribution and financial services company. Its major business comes from stock brokerage service for investors and traders.
Broker Enquiry Open an Online Trading Account with MDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Kotak Securities. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare MDirect vs Kotak Securities Ltd - Trading and Demat Account Charges
  MDirect Kotak Securities Ltd
Trading Account Opening Fees MDirect vs Kotak Securities Ltd - Trading Account Opening Fees Rs 500 Rs 750
Trading AMC MDirect vs Kotak Securities Ltd - Trading Account AMC Free Free
Demat Account Opening Fees MDirect vs Kotak Securities Ltd - Demat Account Opening Fees Rs 200 Free
Demat AMC MDirect vs Kotak Securities Ltd - Demat Account AMC Rs 400 PA (Waived for 1st year) Rs 600 PA
Provide DP Service MDirect vs Kotak Securities Ltd - Damat Account Mandatory Yes Yes
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About Brokerage Plans

Compare MDirect vs Kotak Securities Ltd - Plan Options
  MDirect Kotak Securities Ltd
Multiple Plans What is this parameter? No No
Monthly Plans MDirect vs Kotak Securities Ltd - Monthly Brokerage Plan No No
Yearly Plans MDirect vs Kotak Securities Ltd - Yearly Brokerage Plan No No
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Contact Broker / Request A Call Back

  MDirect Kotak Securities Ltd
Contact / Request Call Back
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Brokerage Charges

Compare MDirect vs Kotak Securities Ltd - Brokerage Charges
  MDirect Kotak Securities Ltd
Plan Name MDirect vs Kotak Securities Ltd - Rs 18 Per Trader Plan Fixed Brokerage Plan
Plan Description MDirect vs Kotak Securities Ltd - Flat Rs 18 Per Trader Plan. This plan suits newbies as the brokerage is fixed irrespective of the volume of trade. Call & Trade facility is free for first 20 calls. From the 21st call, Rs 20 per call is charged. Not suited for Option Trading as brokerage is really high for it.
Equity Delivery MDirect vs Kotak Securities Ltd - Cash Delivery Brokerage Flat Fee Rs 18 0.49% or 49 paisa
Equity Intraday MDirect vs Kotak Securities Ltd - Cash Intraday Brokerage 0.01% or Rs 18 whichever is lower 0.049% or 5 paisa
Equity Futures MDirect vs Kotak Securities Ltd - F&O Segment - Futures Brokerage 0.01% or Rs 18 whichever is lower 0.049% or 5 paisa
Equity Options MDirect vs Kotak Securities Ltd - F&O Segment - Options Brokerage Flat Fee Rs 18 Rs 300 Per Lot
Currency Futures MDirect vs Kotak Securities Ltd - Currency Futures Trading Brokerage 0.01% or Rs 18 whichever is lower .02% or Rs. 10 per lot whichever is higher
Currency Options MDirect vs Kotak Securities Ltd - Currency Options Trading Brokerage Flat Fee Rs 18 Rs 10 Per Lot
Commodity Trading MDirect vs Kotak Securities Ltd - Commodity Trading Brokerage Flat Fee Rs 18 NA
Minimum Brokerage MDirect vs Kotak Securities Ltd - Rs 21 per executed order
Hidden Charges MDirect vs Kotak Securities Ltd - Hidden Charges Info Not Available Info Not Available
Funding MDirect vs Kotak Securities Ltd - Funding Interest Info Not Available Info Not Available
Call & Trade Charges MDirect vs Kotak Securities Ltd - Call & Trade Charges Info Not Available Info Not Available
Brokerage Calculator Brokerage Calculator for MDirect Brokerage Calculator for Kotak Securities Ltd
SPAN Margin Calculator SPAN Margin Calculator for MDirect SPAN Margin Calculator for Kotak Securities Ltd
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Share Broker's Transaction/Turnover Charges

Compare MDirect vs Kotak Securities Ltd - Transaction/Turnover Charges
  MDirect Kotak Securities Ltd
Equity Delivery MDirect vs Kotak Securities Ltd - Transaction Charges Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday MDirect vs Kotak Securities Ltd - Equity Intraday Transaction Charges Rs 325 Per Cr Rs 325 Per Cr
Equity Futures MDirect vs Kotak Securities Ltd - Equity Futures Transaction Charges Rs 350 Per Cr Rs 190 Per Cr
Equity Options MDirect vs Kotak Securities Ltd - Equity Options Transaction Charges Rs 8000 Per Cr Rs 5000 Per Cr
Currency Futures MDirect vs Kotak Securities Ltd - Rs 215 Per Cr Rs 110 Per Cr
Currency Options MDirect vs Kotak Securities Ltd - Rs 7000 Per Cr Rs 4000 Per Cr
Commodity MDirect vs Kotak Securities Ltd - Commodity Transaction Charges Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for mdirect Complete Brokerage Plans for kotak-securities
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Trading Features

Compare MDirect vs Kotak Securities Ltd - Trading Feature and platform
  MDirect Kotak Securities Ltd
3 in 1 Account MDirect vs Kotak Securities Ltd - Account Type? No MDirect have 2-in-1 account. Only Demate and Trading account. Yes, MDirect have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting MDirect vs Kotak Securities Ltd - Advance Charting Yes Yes
Algo Trading MDirect vs Kotak Securities Ltd - Algo Trading Yes No
SMS Alerts MDirect vs Kotak Securities Ltd - SMS Alerts Yes Yes
Online Demo MDirect vs Kotak Securities Ltd - Online Demo Yes Yes
Online Portfolio MDirect vs Kotak Securities Ltd - Portfolio Service No Yes
Margin Trading Funding Available MDirect vs Kotak Securities Ltd - Margin Funding No No
Combined Ledger for Equity and Commodity MDirect vs Kotak Securities Ltd - Combined Ledger for Equity and Commodity No No
Intraday Square-off Time MDirect vs Kotak Securities Ltd - Intraday Square-off Time 3:15 pm 3:15PM
NRI Trading MDirect vs Kotak Securities Ltd - NRI Trading No Yes
Other Features MDirect vs Kotak Securities Ltd - Trading software terminal: Keat Pro X
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Trading Platform

Compare MDirect vs Kotak Securities Ltd - Trading Platform
  MDirect Kotak Securities Ltd
Desktop Trading Platform MDirect vs Kotak Securities Ltd - Trading terminal Nest Plus Xtralite
Desktop Demo MDirect vs Kotak Securities Ltd - Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) MDirect vs Kotak Securities Ltd - Windows Trading Terminal Yes Yes
Desktop Platform (Mac) MDirect vs Kotak Securities Ltd - MAC Trading Terminal Yes No
Web Trading Platform MDirect vs Kotak Securities Ltd - Web Trading Platform Yes Yes
Web Trading Detail MDirect vs Kotak Securities Ltd - Trading Website Mdirect Nest Plus https://www.kotaksecurities.com
Web Trading Demo MDirect vs Kotak Securities Ltd - Web Trading Demo Info Not Available Info Not Available
Mobile Site MDirect vs Kotak Securities Ltd - Trading Site for Mobile Yes No
Mobile Trading MDirect vs Kotak Securities Ltd - Mobile App Yes Yes
Mobile Trading App MDirect vs Kotak Securities Ltd - Name Of Mobile App Mdirect The Kotak Stock Trader
Mobile Trading App Demo MDirect vs Kotak Securities Ltd - Name Of Mobile App Info Not Available Info Not Available
Android Mobile App MDirect vs Kotak Securities Ltd - Android Mobile App Yes Yes
Android App Download MDirect vs Kotak Securities Ltd - Mobile App Download Andriod Mdirect Download Andriod The Kotak Stock Trader Download
iPhone Mobile App (IOS) MDirect vs Kotak Securities Ltd - Yes Yes
iOS App Download MDirect vs Kotak Securities Ltd - Mobile App Download iOS Mdirect Download iOS The Kotak Stock Trader Download
Android Tablet App MDirect vs Kotak Securities Ltd - Android Tablet App Yes Yes
iPad App (IOS) MDirect vs Kotak Securities Ltd - Yes Yes
Trading Software Charges MDirect vs Kotak Securities Ltd - Trading Software Charges Info Not Available Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for MDirect Equity Intraday and Delivery Brokerage Calculator for Kotak Securities Ltd
Futures Brokerage Calculator Futures Brokerage Calculator for MDirect Futures Brokerage Calculator for Kotak Securities Ltd
Options Brokerage Calculator Options Brokerage Calculator for MDirect Options Brokerage Calculator for Kotak Securities Ltd
Detail Detail on Trading Platforms for mdirect Detail on Trading Platforms for kotak-securities

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Broker Ratings by Users

Compare MDirect vs Kotak Securities Ltd - Rating
  MDirect Kotak Securities Ltd
  Customer Reviews    Rate MDirect 78 Customer Reviews    Rate Kotak Securities
Fees Ratings 2.7
Trading Brokerage Rating 2.8
Trading Platform Usability 3.3
Customer Service Ratings 3.2
Overall Ratings Rated 2.8 stars
Broker Rating Kotak Securities is Rated 2.8 / 5 based on 78 customer reviews
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Investment Services

Compare MDirect vs Kotak Securities Ltd - Investment Options
  MDirect Kotak Securities Ltd
Equity Cash and F&O MDirect vs Kotak Securities Ltd - Equity and Equity derivatives Yes Yes
Currency Deravitives MDirect vs Kotak Securities Ltd - Currency Trading Yes Yes
Commodity MDirect vs Kotak Securities Ltd - Commodity Trading Yes No
Online IPO Application MDirect vs Kotak Securities Ltd - Online IPO Investment No Yes
Mutual Funds MDirect vs Kotak Securities Ltd - Online Mutual Funds Investment No Yes
Bond / NCD MDirect vs Kotak Securities Ltd - Bonds and NCD No Yes
ETF MDirect vs Kotak Securities Ltd - ETF Yes Yes
Banking MDirect vs Kotak Securities Ltd - Banking Service No Yes
Insurance MDirect vs Kotak Securities Ltd - Insurance Service No Yes
Forex MDirect vs Kotak Securities Ltd - Forex Trading No No
MF SIP Investment MDirect vs Kotak Securities Ltd - Mutual Fund SIP No Yes
Equity SIP Investment MDirect vs Kotak Securities Ltd - Equity SIP No No
PMS Service MDirect vs Kotak Securities Ltd - Portfolio Management Services (PMS) No No
Algo Trading MDirect vs Kotak Securities Ltd - Algo Trading No No
Other Investment Options MDirect vs Kotak Securities Ltd - NA
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Order Types

Compare MDirect vs Kotak Securities Ltd - Order Types
  MDirect Kotak Securities Ltd
CNC Ordre MDirect vs Kotak Securities Ltd - CNC Order Yes Yes
MIS Ordre MDirect vs Kotak Securities Ltd - MIS Order Yes Yes
NRML Ordre MDirect vs Kotak Securities Ltd - NRML Order Yes Yes
Cover Ordre MDirect vs Kotak Securities Ltd - Cover Order No No
Bracket Ordre MDirect vs Kotak Securities Ltd - Bracket Order No No
AMO-After Market Orders MDirect vs Kotak Securities Ltd - After market Orders Yes Yes
GTC-Good Till Cancelled MDirect vs Kotak Securities Ltd - GTC Orders No Yes
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Margin/Leverage

Compare MDirect vs Kotak Securities Ltd - Margin/Leverage
  MDirect Kotak Securities Ltd
Equity Delivery Margin MDirect vs Kotak Securities Ltd - Equity Delivery Margin Info Not Available Info Not Available
Equity Intraday Margin MDirect vs Kotak Securities Ltd - Equity Intraday Margin Info Not Available Info Not Available
Futures Margin MDirect vs Kotak Securities Ltd - Futures Margin Info Not Available Info Not Available
Options Margin MDirect vs Kotak Securities Ltd - Options Margin Info Not Available Info Not Available
Equity CO Margin MDirect vs Kotak Securities Ltd - Equity CO Margin Info Not Available Info Not Available
Futures CO Margin MDirect vs Kotak Securities Ltd - Futures CO Margin Info Not Available Info Not Available
Options CO Margin MDirect vs Kotak Securities Ltd - Options CO Margin Info Not Available Info Not Available
Commodity Margin MDirect vs Kotak Securities Ltd - Commodity Margin Info Not Available Info Not Available
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Customer Service Offered

Compare MDirect vs Kotak Securities Ltd - Customer Service Offerance
  MDirect Kotak Securities Ltd
24/7 Customer Service MDirect vs Kotak Securities Ltd - 24x7 customer support Yes No
Email Support MDirect vs Kotak Securities Ltd - Email Support Yes Yes
Onine Live Chat MDirect vs Kotak Securities Ltd - Onine Live Chat Yes Yes
Phone Support MDirect vs Kotak Securities Ltd - Phone Support Yes Yes
Toll Free Number MDirect vs Kotak Securities Ltd - Toll Free Number Yes Yes
Through Branches MDirect vs Kotak Securities Ltd - Through Branches No Yes
Customer Care Number MDirect vs Kotak Securities Ltd - Customer Care Number Info Not Available Info Not Available
Account Opening Process MDirect vs Kotak Securities Ltd - Account Opening Process Info Not Available Info Not Available
Customer Support Email MDirect vs Kotak Securities Ltd - Customer Support Email Info Not Available Info Not Available
Knowledge Center/Education MDirect vs Kotak Securities Ltd - Knowledge Center/Education Info Not Available Info Not Available
Head Office Address MDirect vs Kotak Securities Ltd - Head Office Address/Corporate Address Info Not Available Info Not Available
Website MDirect vs Kotak Securities Ltd - Company Website Info Not Available Info Not Available
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Tips/Research/Reports Published

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

Compare MDirect vs Kotak Securities Ltd - Demat Account
  MDirect Kotak Securities Ltd
DP Source CDSL
DP ID MDirect vs Kotak Securities Ltd - DP ID No No
Demat Account Annual Maintenance Charges(AMC) Individual (Resident)-RESIDENT -Rs. 65 pm for upto 10 debit transactions. Rs.50 pm for 11 to 30 debit transactions. Rs. 35 pm for more than 30 debit transactions. (Plus applicable taxes) NRI-Rs.75/- pm Corporate (Resident)-Rs 100/- pm Corporate (NRI)-Rs.125/-pm AMC Charges for BSDA Account Rs. 100/- per annum (if DP value is more than Rs. 50,000/- and less than 2 lacs) Zero (if DP value is less than Rs. 50,000/-)
Advance Deposit NA
Statutory charges NA
Transaction Charges on Debit (Per ISIN) Individual: For Regular ( Non BSDA Accounts ) On Market /Off Market 0.04% of the value of securities or Minimum Rs. 27(Plus CDSL charges as applicable + applicable taxes). For BSDA Accounts On Market /Off Market 0.06% of the value of securities or Minimum Rs. 44.50 (Plus CDSL charges as applicable + applicable taxes) Corporate :- On Market /Off Market 0.04% of the value of securities or Minimum Rs. 27(Plus CDSL charges as applicable + applicable taxes).
Demat Individual Rs.3/- per certificate plus Rs. 50/- per request Corporate:- Rs.3/- per certificate plus RS. 50/- per request.
Remat Individual Rs.10/- for 100 shares. Minimum Payable Rs. 15/- Corporate Rs.10/- for 100 shares Minimum Payable Rs. 15/-
Pledge Creation Individual 0.05% of the value of securities Minimum Rs 30/-Corporate 0.05% of the value of securities Minimum Rs 30/-
Pledge Creation Confirmation Individual 0.05% of the value of securities Minimum Rs 30/-Corporate 0.05% of the value of securities Minimum Rs 30/-
Pledge Closure Individual 0.05% of the value of securities Minimum Rs 30/- Corporate 0.05% of the value of securities Minimum Rs 30/-
Pledge Closure Confirmation Individual 0.05% of the value of securities Minimum Rs 30/- Corporate 0.05% of the value of securities Minimum Rs 30/-
Pledge Invocation Individual 0.04% of the value of securities Minimum Rs 30/- Corporate 0.04% of the value of securities Minimum Rs 30/-
Failed Instruction Charges Nil
Other Charges Nil

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Special Offers,Advantages,Disadvantages

Compare MDirect vs Kotak Securities Ltd - Special Offers and Promotion
  MDirect Kotak Securities Ltd
Pay In and Pay Out Options MDirect vs Kotak Securities Ltd - Pay In and Pay Out Options Info Not Available Info Not Available
Payout Time MDirect vs Kotak Securities Ltd - Payout Time Info Not Available Info Not Available
Bank Supported and Charges MDirect vs Kotak Securities Ltd - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Info Not Available
Likes
  • In house research reports
  • Workshops/ seminars/ webinars to educate traders.
  • Simple and transparent Pricing.
  • Well researched professional guidance.
  • Multiple Segments and Exchanges on same trading Window.

More Advantages...

  • 3 in 1 Account.
  • News and market updates, portfolio tracker, Research Reports, SMS Alerts.
  • Robust trading software KEAT Pro.
  • After Market Orders (AMO), good till cancel order (GTC) and Buy Now Sell Tomorrow.

More Advantages...

Dislikes
  • No referral program
  • No advance tools or technology
  • No monthly and yearly plans
  • doesn't offer facility to invest in IPO, FPO, Mutual Funds, FDs, NCDs
  • Margin funding and NRI tradingis not available

More Disadvantages...

  • Doesn't support commodity trading.
  • Hidden charges.
  • Minimum Brokerage charges.

More Disadvantages...

Special Offers/Promo
Enquire about MDirect Enquire about Kotak Securities

Guaranteed Save 60% to 90% Brokerage + Taxes

Free Direct Mutual Fund Investment

Free Delivery trading


Max Rs 20 Per Trade for Equity Intraday, F&O, Currency & Commodity
Open Account Now

5paisa Review  5paisa

Trade in Cash and F&O at Just Rs 10. Save 95% on Brokerage.


Instant - Online Account Opening
GET FREE Demat Account

Beginner, seasoned investor, active trader or HNI. Get customised solutions.


Rs 0 account opening fee on Online Trading and a Demat Account
(Rs 1150 waived)
Open Free Account

Fyers Review  Fyers

Free Delivery trading

High Leverage


Max Rs 20 Per Trade for Equity Intraday, F&O, Currency & Commodity
Open Account Today

ProStocks, The Flat Rate Discount Stock Broker

Flat Fee - Rs 15 Per Trade


Lowest Stamp Duty

Get FREE Trading + Demat Acct

Flat 20% discount on online transaction


Rs 0 account opening fee on Demat Acct

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