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Kotak Securities Vs Upstox: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Kotak Securities Max Rs. 20 per order per trade while the brokerage of Upstox ranges between Rs 20. Kotak Securities is a Full Service Broker where Upstox is a Discount Broker. Kotak Securities is having overall lower rating compare to Upstox. Kotak Securities is rated only 4 out of 5 where Upstox is rated 4.5 out of 5. Number of active customer for Upstox is 38,64,087 where number of active customer for Kotak Securities is 10,56,932. Upstox is serving more customer compare to Kotak Securities.

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

  Kotak Securities Compare
Kotak Securities
Upstox Compare
Upstox
Overall Rating Rated 4 stars Rated 4.5 stars
Brokerage Charges Rated 3 stars Rated 4.5 stars
Trading Platform Rated 4 stars Rated 4.5 stars
Investments Offering Rated 4.5 stars Rated 4 stars
Customer Service Rated 3.5 stars Rated 4.5 stars
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE, MCX
Active Clients 10,56,932 38,64,087
Broker Overview Kotak Securities is India’s leading full-service stockbroker with over 12 Lakh active clients. Trinity 3-in-1 account offering, Rs. 20 flat brokerages, free intraday trading, advanced-technology trading software & tools, and the best resear... Know more about Kotak Securities One of the best discount brokers in India 2023 with ₹20 flat brokerage charges, free mutual fund investment, fantastic feature-rich Upstox pro trading platform in web and app versions, and reliable customer service.
Broker Enquiry Request call back from Kotak Securities Request call back from Upstox
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Account Opening Charges and AMC

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

Comparison of Kotak Securities with Upstox on trading & demat account opening charges and AMC. Trading account opening charges - Kotak Securities offer Free account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Upstox offer Free AMC for Demat account where Kotak Securities charges Rs 600 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Kotak Securities with Upstox
Charges Kotak Securities Upstox
Trading Account Opening Fees Free Promotion offer: Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 600 PA Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Kotak Securities vs Upstox on Plan Options

Plans are the most important feature you look when compare Kotak Securities with Upstox. This section compare on high level about type of plans offered by brokers. Multiple Plans - Kotak Securities provide Multiple Plans where Upstox doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

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

Account Opening

  Kotak Securities Upstox
Account Opening Request
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Brokerage Charges

Compare Kotak Securities vs Upstox 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 a 0.25% or Rs 20 whichever is higher. The plan is available for Rs 499 One Time fee.

Upstox Brokerage Plan detail - Equity Delivery Free and Rs 20 Per executable order for others

Brokerage Charges - Compare Kotak Securities with Upstox
Brokerage Charges Compare Kotak Securities Upstox
Plan Name Kotak Securities Trade Free Plan Max Rs 20 Per Order Trading Plan
Equity Delivery 0.25% or Rs 20 whichever is higher 2.5% or Rs 20 whichever is lower
Equity Intraday Free 0.05% or Rs 20 whichever is lower
Equity Futures Delivery: Rs. 20 per order| Intraday: Free 0.05% or Rs 20 whichever is lower
Equity Options Delivery: Rs. 20 per order| Intraday: Free Flat Fee Rs 20
Currency Futures Delivery: Rs. 20 per order| Intraday: Free 0.05% or Rs 20 whichever is lower
Currency Options Delivery: Rs. 20 per order| Intraday: Free Flat Fee Rs 20
Commodity Trading Delivery: Rs. 20 per order| Intraday: Free Flat Fee Rs 20
Minimum Brokerage Rs 21 per executed order NIL
Hidden Charges No Info Not Available
Funding 12.49% interest PA Info Not Available
Call & Trade Charges 20 calls free and after that Rs 20 per call Rs 20 Per Executable Order
Auto Square off Charges 20 calls free and after that Rs 20 per call Rs 20 Per Executable Order
Brokerage Calculator Brokerage Calculator for Kotak Securities Brokerage Calculator for Upstox
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Share Broker's Transaction Charges

Compare Kotak Securities vs Upstox on Transaction Charges

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

Transaction Charges - Compare Kotak Securities with Upstox
Transaction Charges Compare Kotak Securities Upstox
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 210 Per Cr
Equity Options Rs 5000 Per Cr Rs 5500 Per Cr
Currency Futures Rs 110 Per Cr Rs 150 Per Cr
Currency Options Rs 4000 Per Cr Rs 6000 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for kotak-securities Complete Brokerage Plans for upstox
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Account Features

Compare Kotak Securities vs Upstox on Account Features

Compare Kotak Securities with Upstox 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 - Upstox offers Algo Trading where Kotak Securities doesn't offers Algo Trading. Margin Funding - Kotak Securities offers a margin funding where Upstox doesn't offers margin funding. NRI Trading - Kotak Securities offers NRI where Upstox doesn't offers NRI Trading.

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

Compare Kotak Securities vs Upstox on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Kotak Securities and Upstox. 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 Upstox
Trading Platform Compare Kotak Securities Upstox
Desktop Trading Platform KEAT Pro X Upstox Pro
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes No
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://pro.upstox.com/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Kotak Stock Trader Upstox
Mobile Trading App Demo Kotak Stock Trader Demo Upstox Demo
Android Mobile App Yes Yes
Android App Download Andriod Kotak Stock Trader Download Andriod Upstox Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Kotak Stock Trader Download iOS Upstox Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Yes, DirectTrade - Rs 2999 PA Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Kotak Securities Equity Intraday and Delivery Brokerage Calculator for Upstox
Futures Brokerage Calculator Futures Brokerage Calculator for Kotak Securities Futures Brokerage Calculator for Upstox
Options Brokerage Calculator Options Brokerage Calculator for Kotak Securities Options Brokerage Calculator for Upstox
Detail Detail on Trading Platforms for kotak-securities Detail on Trading Platforms for upstox

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Broker Ratings by Users

Compare Kotak Securities vs Upstox on User Rating

  Kotak Securities Upstox
  81 Customer Reviews    Rate Kotak Securities 12 Customer Reviews    Rate Upstox
Fees Ratings 2.6 3.5
Trading Brokerage Rating 2.7 3.8
Trading Platform Usability 3.2 3.7
Customer Service Ratings 3.1 3.5
Overall Ratings Rated 2.8 stars Rated 3.7 stars
Broker Rating Kotak Securities is Rated 2.8 / 5 based on 81 customer reviews Upstox is Rated 3.7 / 5 based on 12 customer reviews
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Investment Offerings

Compare Kotak Securities vs Upstox on Investment Offerings

Compare Kotak Securities with Upstox 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 - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

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

Compare Kotak Securities vs Upstox on Order Types

Order Type - Compare Kotak Securities with Upstox 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- Kotak Securities offers Good Till Cancelled (GTC) orders where Upstox doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Kotak Securities with Upstox
Order Type Compare Kotak Securities Upstox
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 No
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Customer Service Offered

Compare Kotak Securities vs Upstox on Customer Service

Compare Kotak Securities with Upstox 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 Upstox
Customer Service Compare Kotak Securities Upstox
24/7 Customer Service Kotak Securities vs Upstox - 24x7 customer support No No
Email Support Kotak Securities vs Upstox - Email Support Yes Yes
Onine Live Chat Kotak Securities vs Upstox - Onine Live Chat Yes Yes
Phone Support Kotak Securities vs Upstox - Phone Support Yes Yes
Toll Free Number Kotak Securities vs Upstox - Toll Free Number Yes No
Through Branches Kotak Securities vs Upstox - Through Branches Yes Yes
Customer Care Number Kotak Securities vs Upstox - Customer Care Number 1800 209 9191 +91 22 6130 9999
Account Opening Process Kotak Securities vs Upstox - Account Opening Process Offline Online/Paperless
Customer Support Email Kotak Securities vs Upstox - Customer Support Email [email protected] [email protected] 
Knowledge Center/Education Kotak Securities vs Upstox - Knowledge Center/Education https://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank https://upstox.com/help-center/
Head Office Address Kotak Securities vs Upstox - Head Office Address/Corporate Address 27 BKC, C 27, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai 400051
Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Website Kotak Securities vs Upstox - Company Website https://www.kotaksecurities.com https://upstox.com/
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Tips/Research/Reports Published

Compare Kotak Securities vs Upstox on Research Reports, Tips

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

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

Compare Kotak Securities vs Upstox on Demat Account

Compare Kotak Securities with Upstox 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 Upstox is ₹300 PA where for Kotak Securities is ₹780 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 Kotak Securities is 0.04% (Min ₹27) + CDSL charges where for Upstox is ₹13 + ₹5.50 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 Kotak Securities with Upstox
  Kotak Securities Upstox
DP Source CDSL CDSL
DP ID Kotak Securities vs Upstox - DP ID 49200 81800
Demat Account Annual Maintenance Charges(AMC) ₹780 pa ₹300 PA
Advance Deposit NA NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹27) + CDSL charges ₹13 + ₹5.50 CDSL charges
Demat ₹3 per certificate + ₹50 courier charges ₹20 + ₹50 courier charges
Remat ₹10 for every hundred securities (Min ₹15) ₹100 for every hundred securities or ₹25 per certificate (whichever is higher)
Pledge Creation 0.05% of transaction value (Min ₹30) 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Creation Confirmation 0.05% of transaction value (Min ₹30) 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure 0.05% of transaction value (Min ₹30) 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Confirmation 0.05% of transaction value (Min ₹30) 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Invocation 0.05% of transaction value (Min ₹30) 0.05% of the transaction value (Min ₹50)
Failed Instruction Charges Nil ₹50
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Kotak Securities vs Upstox on Special Offers and Promotion

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

Compare Kotak Securities vs Upstox on Special Offers and Promotion
  Kotak Securities Upstox
Pay In and Pay Out Options Kotak Securities vs Upstox - 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 funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-out/Fund Withdrawal - Bank Transfer only
Payout Time Kotak Securities vs Upstox - Payout Time Upto 24 Hrs except Bank Holidays. Instant fund transfer with Kotak Mahindra Bank. Max 24 hrs except bank holidays
Bank Supported and Charges Kotak Securities vs Upstox - Bank Supported and Charges (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service.
Bank Detail Direct from your Kotak Mahindra bank account. HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Likes
  • Trinity 3-in-1 account opening facility.
  • Trade Free Plan charges Rs. 20 flat brokerages on F&O, commodity, and currency trading.
  • 0 brokerage on all trades for customers below 30 years age.
  • Free intraday trading with Trade Free Plan.
  • User-friendly mobile app and next-gen trading terminals (TradeSmart, KeatProX, and Nest).
  • Free access to Kotak Trade API to develop your own trading terminal.
  • Bracket order (BO), Cover order (CO), and after market order (AMO).
  • Place Good Till Cancelled (GTC) order.
  • Apply for IPOs, ETFs, and insurance.
  • Zero brokerage investment in mutual funds.
  • NRI trading facility is available.
  • Access to fundamental and technical calls and research reports.
  • Buy Now Sell Tomorrow (BNST) order feature.
  • Kotak University, a stock market, options trading, and mutual funds learning platform.
  • Margin trading facility.
  • Dealer-assisted trading.

Detail Review...

  • Flat Rs. 20 brokerage across segments.
  • Invest across global companies in 25+ countries.
  • Apply for IPO and direct mutual funds for free.
  • Zero Demat AMC or annual maintenance charge.
  • Zero hidden costs.
  • Advanced orders like bracket order, cover order, and after-market order.
  • Advanced Pro web and mobile app-based trading platforms.
  • Upstox Developer Console to build your own trading platform using Python.
  • Upstox Bridge for AmiBroker to create and execute trading strategy.
  • Availability of margin against shares.

Detail Review...

Dislikes
  • Its dedicated dealer-assisted plan charges a very high brokerage fee.
  • Account opening is not free (Rs. 499) in dealer-assisted plan.
  • Dealer-assisted plan charges a minimum brokerage fee of 21 per order subject to maximum 2.5% brokerage.
  • Kotak Zero brokerage plan is only for people below 30 years and valid only for 2 years.
  • High Demat AMC charges of Rs. 600 per year, Rs. 50 is charged monthly.

Detail Review...

  • Equity delivery trading is not free and charged at a lower of Rs. 20 per order or 2.5%.
  • Upstox doesn’t have unlimited monthly trading plan.
  • Call & trade services are not free, charged at Rs. 20 per executed order.
  • Upstox doesn’t provide stock market trading tips and recommendations.
  • NRI trading is not available since Jan 2018.
  • 24/7 customer service is unavailable.

Detail Review...

Special Offers/Promo Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquiry Open Kotak Securities Account Now>> Open Upstox Account Now>>

Last Updated on 2023-01-12T21:46:37+00:00