Compare 3 Brokers

Kotak Securities Vs MDirect: Which one is better?

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

Here we present side-by-side comparison of Kotak Securities vs MDirect 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 MDirect'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.

Compare Kotak Securities vs MDirect on Service

  Kotak Securities Compare
Kotak Securities
MDirect Compare
MDirect
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-SX, MCX, NCDEX BSE,NSE,MCX,NCDEX,MSEI
Broker Overview Kotak Securities Limited is a leading brokerage, distribution and financial services company. Its major business comes from stock brokerage service for investors and traders. 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.
Broker Enquiry Open an Online Trading Account with Kotak Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with MDirect. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

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

In this section we have compared Kotak Securities with MDirect on trading & demat account opening charges and AMC. Trading account opening charges - Kotak Securities charges Rs 750 for account opening where MDirect charges Rs 500 for account opeing. Demat AMC charges - Kotak Securities charges Rs 600 PA AMC for Demat account where MDirect charges Rs 400 PA (Waived for 1st year) AMC for Demat account.

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

Compare Kotak Securities vs MDirect on Plan Options

Plans are the most important feature you look when compare Kotak Securities with MDirect. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan. Monthlay Plans - Both the brokers don't have Monthly Plans.

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

Account Opening

  Kotak Securities MDirect
Account Opening Request
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Brokerage Charges

Compare Kotak Securities vs MDirect on Brokerage Charges

Kotak Securities Brokerage Plan detail - 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.

MDirect Brokerage Plan detail - Flat Rs 18 Per Trader Plan.

Brokerage Charges - Compare Kotak Securities with MDirect
Brokerage Charges Compare Kotak Securities MDirect
Plan Name Fixed Brokerage Trading Plan (Percentage Based) Rs 18 Per Order Plan
Equity Delivery 0.49% or 49 paisa Flat Fee Rs 18
Equity Intraday 0.049% or 5 paisa 0.01% or Rs 18 whichever is lower
Equity Futures 0.049% or 5 paisa 0.01% or Rs 18 whichever is lower
Equity Options Rs 300 Per Lot Flat Fee Rs 18
Currency Futures .02% or Rs. 10 per lot whichever is higher 0.01% or Rs 18 whichever is lower
Currency Options Rs 10 Per Lot Flat Fee Rs 18
Commodity Trading NA Flat Fee Rs 18
Minimum Brokerage Rs 21 per executed order NIL
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges 20 calls Free and after that Rs 20 per call Info Not Available
Brokerage Calculator Brokerage Calculator for Kotak Securities Brokerage Calculator for MDirect
SPAN Margin Calculator SPAN Margin Calculator for Kotak Securities SPAN Margin Calculator for MDirect
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Share Broker's Transaction Charges

Compare Kotak Securities vs MDirect on Transaction Charges

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

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

Compare Kotak Securities vs MDirect on Account Features

Compare Kotak Securities with MDirect 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 MDirect offers only 2-in-1 account which includes trading and demat account. Algo Trading - MDirect offers Algo Trading where Kotak Securities doesn't offers Algo Trading. Margin Funding - both brokers dont have margin funing facility. NRI Trading - Kotak Securities offers NRI where MDirect doesn't offers NRI Trading.

Account Features - Kotak Securities with MDirect
Account Features Compare Kotak Securities MDirect
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 No No
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:15 pm
NRI Trading Yes No
Other Features Trading software terminal: Keat Pro X NIL
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Trading Platform

Compare Kotak Securities vs MDirect on Trading Platform

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

Trading Platform - Compare Kotak Securities with MDirect
Trading Platform Compare Kotak Securities MDirect
Desktop Trading Platform KEAT Pro X NSE NOW
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No Yes
Web Trading Platform Yes Yes
Web Trading Detail https://www.kotaksecurities.com/itrade/user/welcome.exe?action=chk_seckey_stat http://122.179.158.190/sohamrmclient/login.aspx
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Kotak Stock Trader Mdirect
Mobile Trading App Demo Kotak Stock Trader Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Kotak Stock Trader Download Andriod Mdirect Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Kotak Stock Trader Download iOS Mdirect Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Yes, DirectTrade - Rs 2999 PA Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Kotak Securities Equity Intraday and Delivery Brokerage Calculator for MDirect
Futures Brokerage Calculator Futures Brokerage Calculator for Kotak Securities Futures Brokerage Calculator for MDirect
Options Brokerage Calculator Options Brokerage Calculator for Kotak Securities Options Brokerage Calculator for MDirect
Detail Detail on Trading Platforms for kotak-securities Detail on Trading Platforms for mdirect

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Broker Ratings by Users

Compare Kotak Securities vs MDirect on User Rating

  Kotak Securities MDirect
  79 Customer Reviews    Rate Kotak Securities Customer Reviews    Rate MDirect
Fees Ratings 2.6
Trading Brokerage Rating 2.7
Trading Platform Usability 3.2
Customer Service Ratings 3.1
Overall Ratings Rated 2.8 stars
Broker Rating Kotak Securities is Rated 2.8 / 5 based on 79 customer reviews
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Investment Offerings

Compare Kotak Securities vs MDirect on Investment Offerings

Compare Kotak Securities with MDirect 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 brokers offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - MDirect offers trading options in Commodity (MCX) where Kotak Securities doesn't offer. Online Mutual Fund Investment - Kotak Securities offers online mutual fund investment option where MDirect doesn't offer. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Kotak Securities with MDirect
Investment Offerings Compare Kotak Securities MDirect
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
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 No No
Other Investment Options NIL NA
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Order Types

Compare Kotak Securities vs MDirect on Order Types

Order Type - Compare Kotak Securities with MDirect on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Kotak Securities provide Cover Orders (CO) where MDirect doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Kotak Securities provide Bracket Orders (BO) where MDirect 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 facility. The orders are send to exchange on the next trading day. GTC Orders- Kotak Securities offers Good Till Cancelled (GTC) orders where MDirect doesn't support Good Till Cancelled (GTC) orders.

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

Compare Kotak Securities vs MDirect on Margin/Leverage

Comapre Kotak Securities with MDirect on Exposure/Margin offered by broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.

Exposure/margin - Compare Kotak Securities with MDirect
Margin Product Compare Kotak Securities MDirect
Equity Delivery Margin Kotak Securities vs MDirect - Equity Delivery Margin Upto 5x via Margin Funding. Info Not Available
Equity Intraday Margin Kotak Securities vs MDirect - Equity Intraday Margin Upto 7x leverage for equity vis script multiple, 3x for margin funding. Info Not Available
Futures Margin Kotak Securities vs MDirect - Futures Margin Upto 7x leverage for equity vis script multiple, 3x for margin funding. Info Not Available
Options Margin Kotak Securities vs MDirect - Options Margin Upto 2x margin for Options shorting, No leverage for option buying. Info Not Available
Equity CO Margin Kotak Securities vs MDirect - Equity CO Margin Upto 50x margin/leverage in CO for selected equity scripts via Super Multiple. Info Not Available
Futures CO Margin Kotak Securities vs MDirect - Futures CO Margin Upto 50x margin/leverage in CO via Super Multiple. Info Not Available
Options CO Margin Kotak Securities vs MDirect - Options CO Margin Info Not Available Info Not Available
Commodity Margin Kotak Securities vs MDirect - Commodity Margin Info Not Available Info Not Available
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Customer Service Offered

Compare Kotak Securities vs MDirect on Customer Service

Compare Kotak Securities with MDirect on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare Kotak Securities with MDirect
Customer Service Compare Kotak Securities MDirect
24/7 Customer Service Kotak Securities vs MDirect - 24x7 customer support No Yes
Email Support Kotak Securities vs MDirect - Email Support Yes Yes
Onine Live Chat Kotak Securities vs MDirect - Onine Live Chat Yes Yes
Phone Support Kotak Securities vs MDirect - Phone Support Yes Yes
Toll Free Number Kotak Securities vs MDirect - Toll Free Number Yes Yes
Through Branches Kotak Securities vs MDirect - Through Branches Yes No
Customer Care Number Kotak Securities vs MDirect - Customer Care Number 18002099191/1800222299/18002099292 Info Not Available
Account Opening Process Kotak Securities vs MDirect - Account Opening Process Offline Info Not Available
Customer Support Email Kotak Securities vs MDirect - Customer Support Email [email protected] Info Not Available
Knowledge Center/Education Kotak Securities vs MDirect - Knowledge Center/Education https://www.kotaksecurities.com/ksweb/faqs/Equity/equity-market-faqs Info Not Available
Head Office Address Kotak Securities vs MDirect - Head Office Address/Corporate Address 27 BKC, C 27, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai 400051
Info Not Available
Website Kotak Securities vs MDirect - Company Website https://www.kotaksecurities.com Info Not Available
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Tips/Research/Reports Published

Compare Kotak Securities vs MDirect on Research Reports, Tips

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

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

Compare Kotak Securities vs MDirect on Demat Account

Compare Kotak Securities with MDirect on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Kotak Securities with MDirect
  Kotak Securities MDirect
DP Source CDSL
DP ID Kotak Securities vs MDirect - DP ID 49200 No
Demat Account Annual Maintenance Charges(AMC) Monthly Plan - ₹65 (Up to 10 Transaction), ₹50 (bw 11 to 30 transaction), ₹35 (above 30 transactions)
Advance Deposit NA
Statutory charges Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹27) + CDSL charges
Demat ₹3 per certificate + ₹50 courier charges
Remat ₹10 for every hundred securities (Min ₹15)
Pledge Creation 0.05% of transaction value (Min ₹30)
Pledge Creation Confirmation 0.05% of transaction value (Min ₹30)
Pledge Closure 0.05% of transaction value (Min ₹30)
Pledge Closure Confirmation 0.05% of transaction value (Min ₹30)
Pledge Invocation 0.05% of transaction value (Min ₹30)
Failed Instruction Charges Nil
Other Charges Nil

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Special Offers,Advantages,Disadvantages

Compare Kotak Securities vs MDirect on Special Offers and Promotion

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

Compare Kotak Securities vs MDirect on Special Offers and Promotion
  Kotak Securities MDirect
Pay In and Pay Out Options Kotak Securities vs MDirect - 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.
Info Not Available
Payout Time Kotak Securities vs MDirect - Payout Time Upto 24 Hrs except Bank Holidays. Instant fund transfer with Kotak Mahindra Bank. Info Not Available
Bank Supported and Charges Kotak Securities vs MDirect - Bank Supported and Charges (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank Info Not Available
Bank Detail Direct from your Kotak Mahindra bank account. Info Not Available
Likes
  • 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.

Detail Review...

  • 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.

Detail Review...

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

Detail Review...

  • 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

Detail Review...

Special Offers/Promo Get Kotak Securities 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquiry Enquire about Kotak Securities Enquire about MDirect

Last Updated on 2019-09-16T02:36:37+00:00







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