After 2+ decade of share broking service, now Full-Service Brokers who are offering 3-in-1 plan are getting heat from discount brokers and taking action towards growing competition. Kotak Security is the first full-service broker who has announced unlimited trading plans (Free Intraday Trading - FIT Plan) which they are calling as Free. But in reality, this unlimited plan is not 100% unlimited, this is just for Intraday trades as well as charged Rs 999 yearly.
In the simple world product name should be “Unlimited Online Intraday Trading @999 PA”.
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Kotak Security Free Intraday Trading plan is the best fit for traders who wish to do online trading but it’s limited for Intraday trading only. For delivery trading or position which is converted to delivery are charged as regular brokerage. Get advantage of the research report. Still, compared to discount broker company need to propose new plans for delivery plan, commodity and currency derivatives.
Last updated on 30th Jul 2019