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Kotak Securities Vs ProStocks: Which one is better?

Both the brokers are registered with SEBI. Kotak Securities offers investmenet in Equity, F&O, Currency and Commodities, where ProStocks offers investment in Equity, F&O and Currency only. The brokerage of Kotak Securities Max Rs. 20 per order per trade while the brokerage of ProStocks ranges between Rs 15. Kotak Securities is a Full Service Broker where ProStocks 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 11,79,674 where number of active customer for ProStocks is 6,589. Kotak Securities is serving more customer compare to ProStocks.

Here we present side-by-side comparison of Kotak Securities vs ProStocks 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 ProStocks'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 ProStocks 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 ProStocks'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 ProStocks on Service

  Kotak Securities Compare
Kotak Securities
ProStocks Compare
ProStocks
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 NSE, BSE
Active Clients 11,79,674 6,589
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 Best discount broker for high-volume active traders as well as everyday investors. Zero brokerage monthly trading plans at just Rs. 899 (equity and equity derivatives), Rs. 499 (currency trading), and ultra-fast ProStocks Desktop terminal makes it an...Know more about ProStocks
Broker Enquiry Request call back from Kotak Securities Request call back from ProStocks
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Account Opening Charges and AMC

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

Comparison of Kotak Securities with ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - ProStocks offer Free account opening where Kotak Securities charges Rs 99 for account opening. Demat AMC charges - Kotak Securities charges Rs 600 PA AMC for Demat account where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Kotak Securities with ProStocks
Charges Kotak Securities ProStocks
Trading Account Opening Fees Rs 99 Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 600 PA Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Kotak Securities vs ProStocks on Plan Options

Plans are the most important feature you look when compare Kotak Securities with ProStocks. 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 - ProStocks provides Monthly Plans where Kotak Securities doesn't offer

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

Account Opening

  Kotak Securities ProStocks
Account Opening Request
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Brokerage Charges

Compare Kotak Securities vs ProStocks 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.

ProStocks Brokerage Plan detail - Free Delivery Trading, Rs 15, per trade-in any other segment, fix price, no worries of volume and size of a trade. NO PCM FEE.

Brokerage Charges - Compare Kotak Securities with ProStocks
Brokerage Charges Compare Kotak Securities ProStocks
Plan Name Kotak Securities Trade Free Plan Flat Fee Rs 15 Trading Plan
Equity Delivery 0.25% Free
Equity Intraday Free Flat Fee Rs 15
Equity Futures Delivery: Flat fee Rs. 20 per order| Intraday: Fre Flat Fee Rs 15
Equity Options Delivery: Flat fee Rs. 20 per order| Intraday: Free Flat Fee Rs 15
Currency Futures Delivery: Flat fee Rs. 20 per order| Intraday: Fre Flat Fee Rs 15
Currency Options Delivery: Flat fee Rs. 20 per order| Intraday: Fre Flat Fee Rs 15
Commodity Trading Delivery: Flat fee Rs. 20 per order| Intraday: Fre NA
Minimum Brokerage Rs 21 per executed order NA
Hidden Charges No No
Funding 12.49% interest PA No
Call & Trade Charges 20 calls free and after that Rs 20 per call Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges 20 calls free and after that Rs 20 per call Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for Kotak Securities Brokerage Calculator for ProStocks
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Share Broker's Transaction Charges

Compare Kotak Securities vs ProStocks on Transaction Charges

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

Transaction Charges - Compare Kotak Securities with ProStocks
Transaction Charges Compare Kotak Securities ProStocks
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 prostocks
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Account Features

Compare Kotak Securities vs ProStocks on Account Features

Compare Kotak Securities with ProStocks 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 ProStocks offers only 2-in-1 account which includes trading and demat account. Algo Trading - ProStocks offers Algo Trading where Kotak Securities doesn't offers Algo Trading. Margin Funding - Kotak Securities offers a margin funding where ProStocks doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Kotak Securities with ProStocks
Account Features Compare Kotak Securities ProStocks
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 Yes
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
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 Kotak Securities vs ProStocks on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Kotak Securities and ProStocks. 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 ProStocks
Trading Platform Compare Kotak Securities ProStocks
Desktop Trading Platform Neo Star ProStocks
Desktop Demo Desktop Demo Info Not Available
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 https://www.prostocksweb.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Kotak Neo Star ProStocks
Mobile Trading App Demo Kotak Neo Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Kotak Neo Download Andriod Star ProStocks Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Kotak Neo Download iOS Star ProStocks 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 ProStocks
Futures Brokerage Calculator Futures Brokerage Calculator for Kotak Securities Futures Brokerage Calculator for ProStocks
Options Brokerage Calculator Options Brokerage Calculator for Kotak Securities Options Brokerage Calculator for ProStocks
Detail Detail on Trading Platforms for kotak-securities Detail on Trading Platforms for prostocks

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Broker Ratings by Users

Compare Kotak Securities vs ProStocks on User Rating

  Kotak Securities ProStocks
  82 Customer Reviews    Rate Kotak Securities 4 Customer Reviews    Rate ProStocks
Fees Ratings 2.6 4.5
Trading Brokerage Rating 2.7 4.5
Trading Platform Usability 3.2 4.5
Customer Service Ratings 3.1 4.0
Overall Ratings 2.8 4.5
Broker Rating Kotak Securities is Rated 2.8 / 5 based on 82 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews
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Investment Offerings

Compare Kotak Securities vs ProStocks on Investment Offerings

Compare Kotak Securities with ProStocks 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 ProStocks doesn't offer. Online Mutual Fund Investment - Kotak Securities offers online mutual fund investment option where ProStocks doesn't offer. Portfolio Management Services (PMS) - Kotak Securities provide PMS Service where ProStocks doesn't offer

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

Compare Kotak Securities vs ProStocks on Order Types

Order Type - Compare Kotak Securities with ProStocks 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 ProStocks
Order Type Compare Kotak Securities ProStocks
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 ProStocks on Customer Service

Compare Kotak Securities with ProStocks 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 ProStocks
Customer Service Compare Kotak Securities ProStocks
24/7 Customer Service Kotak Securities vs ProStocks - 24x7 customer support No No
Email Support Kotak Securities vs ProStocks - Email Support Yes Yes
Onine Live Chat Kotak Securities vs ProStocks - Onine Live Chat Yes No
Phone Support Kotak Securities vs ProStocks - Phone Support Yes Yes
Toll Free Number Kotak Securities vs ProStocks - Toll Free Number Yes No
Through Branches Kotak Securities vs ProStocks - Through Branches Yes No
Customer Care Number Kotak Securities vs ProStocks - Customer Care Number 1800 209 9191 +91-2262-434343
Account Opening Process Kotak Securities vs ProStocks - Account Opening Process Online Online/Paperless
Customer Support Email Kotak Securities vs ProStocks - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Kotak Securities vs ProStocks - Knowledge Center/Education https://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank https://www.prostocks.com/faq.html
Head Office Address Kotak Securities vs ProStocks - Head Office Address/Corporate Address 27 BKC, C 27, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai 400051
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website Kotak Securities vs ProStocks - Company Website https://www.kotaksecurities.com https://www.prostocks.com
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Tips/Research/Reports Published

Compare Kotak Securities vs ProStocks on Research Reports, Tips

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

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

Compare Kotak Securities vs ProStocks on Demat Account

Compare Kotak Securities with ProStocks 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 ProStocks is Free (₹1000 Refundable Deposit) where for Kotak Securities is ₹780 pa. ProStocks 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 ProStocks is ₹20 per ISIN.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 ProStocks
  Kotak Securities ProStocks
DP Source CDSL CDSL
DP ID Kotak Securities vs ProStocks - DP ID 49200 83200
Demat Account Annual Maintenance Charges(AMC) ₹780 pa Free (₹1000 Refundable Deposit)
Advance Deposit NA 1000/- Refundable Deposit against charges
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹27) + CDSL charges ₹20 per ISIN
Demat ₹3 per certificate + ₹50 courier charges ₹50 per set up + ₹50 courier charges
Remat ₹10 for every hundred securities (Min ₹15) ₹50 per set up + ₹50 courier charges
Pledge Creation 0.05% of transaction value (Min ₹30) ₹50
Pledge Creation Confirmation 0.05% of transaction value (Min ₹30) Nil
Pledge Closure 0.05% of transaction value (Min ₹30) ₹50
Pledge Closure Confirmation 0.05% of transaction value (Min ₹30) Nil
Pledge Invocation 0.05% of transaction value (Min ₹30) ₹50
Failed Instruction Charges Nil ₹50 per transaction
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Kotak Securities vs ProStocks on Special Offers and Promotion

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

Compare Kotak Securities vs ProStocks on Special Offers and Promotion
  Kotak Securities ProStocks
Pay In and Pay Out Options Kotak Securities vs ProStocks - 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 Prostocks Mobile, Prostocks Desktop and Prostocks Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Kotak Securities vs ProStocks - Payout Time Upto 24 Hrs except Bank Holidays. Instant fund transfer with Kotak Mahindra Bank. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Kotak Securities vs ProStocks - Bank Supported and Charges (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms.
Bank Detail Direct from your Kotak Mahindra bank account. SUNLIGHT BROKING LLP,
Account Number:00600340080912
Bank and Branch: HDFC BANK, FORT
Account Type: Current Account
IFSC Code: HDFC0000060
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...

  • Lifetime Zero AMC Demat Account and free delivery trading.
  • Cheapest online trading services at 15 per order brokerage plan.
  • Place an unlimited number of trades by subscribing to ProStocks monthly trading plan.
  • Trade on Free trading platforms; mobile app, website, and desktop trading software.
  • Different types of ProStocks Star API; Trading API, Websocket API, Publisher API, Historical API.
  • FoxTrader, is an ultra-modern windows-based automated trading platform.
  • Cheapest intraday call & trade service at just Rs. 10 per trade.
  • Get referral benefits with Prostocks Referral plan.
  • Secure & hassle-free fund transfer via 30+ supported banks.
  • Free instant fund transfer via UPI.
  • Advanced orders like Cover order, Bracket order, basket order, and after-market order.
  • Place Good Till Triggered (GTT) order.
  • Use online tools like brokerage calculator and margin calculator.
  • No PCM fee.
  • No proprietary trading.

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...

  • It does not offer a 3-in-1 account opening facility.
  • ProStocks does not provide commodity trading services.
  • It does not offer mutual funds investment facility.
  • ProStocks IPO Apply facility is only available on the ProStocks website.
  • It does not provide intraday trading tips, research, and advisory facility.

Detail Review...

Special Offers/Promo ProStocks offer FREE Trading + Demat Account (NO AMC). You can trade unlimited in equity segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit.
Enquiry Open Kotak Securities Account Now>> Open ProStocks Account Now>>

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