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Kotak Securities Review 2022

Rated 4 stars Rated 4/5 by Top Share Brokers Team
Last updated on: 23-May-2022
Kotak Securities Ltd Review

Contact Kotak Securities

NRI Form⇒

Kotak Securities Review 2022 - Quick Summary

Kotak Securities Limited is a leading brokerage, distribution and financial services company. Its major business comes from stock brokerage service for investors and traders.


Rated 4 stars

Kotak Securities Top Highlight for 2022

  • 5th largest broker In India with the most extensive retail distribution network in India.
  • Comprehensive research platform covers 166 stocks in 16 sectors.
  • 3 in 1 account that integrates Savings Account, Demat Account and Trading Account into one service.
  • Most competitive NRI brokerage plan.
  • Kotak Security Free Intraday Trading Plan.
  • Margin Funding Facility available.
  • After Market Orders and Portfolio Management Service (PMS) available.
  • Ranked as number 1 in India's Institutional Investor rankings by the weighted average in 2014.

About Kotak Securities

Kotak Securities Limited, a subsidiary of Kotak Mahindra Bank, is the stock broking and distribution arm of the Kotak Mahindra Group. The Group has a business interest in commercial banking, stock broking, mutual funds, life insurance, and investment banking and its customer base includes individual, NRI, and institutional investors.

Incorporated in 1994, Kotak Securities is amongst the top five share brokers in India having a customer base of more than 13 lakhs, 1329 branches and sub Brokers in 360 cities. The broker also has international presence with offices in London, New York, Dubai, Abu Dhabi, Mauritius and Singapore.

Kotak securities as a full-service broker provide a wide range of investment products and services such as share trading, derivatives trading, mutual funds, IPO, Exchange Traded Funds, Currency Derivatives, Tax-Free bonds, portfolio management, Stock Lending and Borrowing, Interest Rate Futures and Depository Services. The Broker still doesn't have commodity trading facility.

Kotak Securities is a corporate member of NSE and BSE and depository participant (DP) with NSDL and CDSL for Demat Account. They have a research division to study the macroeconomic indicators, sectors, company-specific equity research, which regularly publishes a stock market analysis. The Broker also provides in-depth daily alerts, economic reports and customizable Research Reports to its clients.

They offer a single platform for investments in equities, mutual funds and currency derivatives. Kotak provides margin against securities using shares in your Demat account. Available margin can be used for any of the three segments. Super Multiple, a service offered by Kotak allows you up to 18 Times exposure on NV20 Script and 14 times exposure against your margin, on additional specified scrips.

Kotak Securities Academy is the free guidance on equities, mutual funds, futures, options and financial planning provided by Kotak to its clients.

Regular customer support through email, toll-free no is available and it is considered to be average only, not beyond expectation.

Kotak Securities Promotion Offer

Get Kotak Securities 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Advantage of Kotak FIT Plan

Simply leave your contact information with us and Kotak Securities representatives will contact

Request call back from Kotak Securities

Kotak Securities Brokerage Plan with closest competitors

Here we are comparing Kotak Securities with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Kotak Securities 5paisa Zerodha Upstox Paytm Money
Service Type Full Service Broker Discount Broker Discount Broker Discount Broker Discount Broker
Brokerage Range .049 to .49% Rs 20 Rs 20 Rs 20 Rs 10
Account Type 3 in 1 2 in 1 3 in 1 3 in 1 2 in 1
Equity Delivery Flat Rs. 20 per order or 0.25% whichever is lower Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower Free
Equity Intraday Free Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 10 whichever is lower
Equity Futures Delivery: Rs. 20 per order| Intraday: Free Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 10 whichever is lower
Equity Options Delivery: Rs. 20 per order| Intraday: Free Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 10
Commodity Delivery: Rs. 20 per order| Intraday: Free Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures Delivery: Rs. 20 per order| Intraday: Free Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Delivery: Rs. 20 per order| Intraday: Free Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 10
Rating
Rated 4 stars
Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

Other Charges

  • Call & Trade Charges: 20 calls Free and after that Rs 20 per call
  • RMS Auto Square Off Charges: 20 calls Free and after that Rs 20 per call
  • Hidden Charges: No

For complete brokerage charges and trading plans detail please visit Kotak Securities Brokerage Charges.

Please refer unique and accurate Kotak Securities Brokerage Calculator


How to open Kotak Securities Ltd Account online?

There are 3 simple ways to open an account with Kotak Sec:

  • Call at one of the below number and ask to open an account with them.
    Toll Free No.: 1800-222-299, 1800-209-9191
  • Visit one of their nearest branches.
  • Fill online account application form on Kotak Securities website.

Contact Kotak Securities

NRI Form⇒

Alternatives to Kotak Securities

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Kotak Securities Mobile App and Trading Platforms

Rated 4 stars Trading Platforms Rated 4/5

Kotak Securities offers web-based, terminal-based and mobile app-based trading platform to its customers for free.

  • Kotak Securities Website

    www.kotaksecurities.com is the online broking platform by Kotak Securities launched in the year 2000. The web-based trading platform offers a range of value-added services like AutoInvest, Margin Trading, Super Multiple, BNST, Portfolio Tracker, SMS Alerts, Good Till Cancelled, Capital Gain Report, Twin Advantage and TradeSmart to enhance the trading experience.

  • Xtralite

    Kotak Securities introduces Xtralite, the lighter and faster version of trading website specially designed to trade using slow internet connections. It can even be accessed through mobile phone at the slow internet connection to trade in the equity and derivative markets.

  • KEAT Pro X (terminal-based software)

    This is an exe-based installable trading application to buy and sell securities online in real-time and track stock portfolio and get live market updates.  KEAT Pro X deals with online trading on BSE, NSE and NSE currency markets on a single platform.

    Key features are Charting Tools, multiple watch-list, live streaming quotes, stock recommendations, up-to-date market information etc.

  • Fastlane

    This is a light and fast Java-based trading application.  Fastlane allows to track the markets live, make trades, create watch-lists and more without installing the full-fledged trading software on a computer.

  • Kotak Stock Trader KST (mobile app)

    This is a mobile stock trading app that allows to trade in equity, derivatives, currency derivatives, tracking portfolio, get live streaming market updates and stock quotes, and much more while you are on the go.

  • TradeSmart Store

    TradeSmart store is the value-added services of Kotak Securities that offers different applications to monitor trends for the stocks in your portfolio, derive insights about the market and understand the derivatives market.

Benefits

  • Kotak Securities has invested well in technology. Trading platforms are available across all modes. Desktop applications and websites run on Windows, Mac and Linux machines and the mobile application run on Android, iOS, Bada, Symbian and Java OS.
  • Tools and platforms are available for free to all the customers.
  • Trading demo is available.
  • Tools available to monitor trends, derive insights about the market and understand derivatives market.

Considerations

  • Tools like Algo trading, brokerage calculator, margin calculator, options strategy platforms are missing.
  • Mobile app needs updation and improvement in many areas.

For detail review of mobile app and download please visit Kotak Securities Trading Platform Review.


Kotak Securities Trading Cons

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

Kotak Securities Customer Care info


Final thought about Kotak Securities

Rated 4 stars Rated 4/5 by 81 users

Kotak Securities earned a respectful position in share broker services through its fast trading platforms (KEAT Pro X, Xtralite, Fastlane), a vast network of 1255 branches, franchisees and offices across India and abroad and dedicated research division. The services are endless but come at a cost. There are lots of hidden charges and fees associated with the services. Customers usually have complaints about extra charges and fees.

Customer care is another area where a broker can improve and come out as a better broker. In terms of brokerage, the broker is quite open but brokerage is not so cheap. There is fixed and variable brokerage plans available as per the type of trader you are.

Request call back from Kotak Securities

Last updated on: 2022-05-23



Kotak Securities FAQs

Kotak Securities NRI Brokerage

Kotak Security NRI brokerage is simple but not very cheap. NRI gets benefits of advance research tools, online trading platforms and other services form Kotak Securities.

Type Charges
Account Opening Charges Rs 3750 (One Time)
Demat Account AMC Rs 900 PA
PIS AMC Rs 1000 PA
Brokerage 1% OR 25 Paise per share, whichever is higher.
Avearge Quarterly balance Rs 10,000

Minimum Brokerage:Yes, Rs 50 per executed order.

Min cash of Rs 10,000 is required in saving account.

 

Super Multiple is designed for traders who wish to take advantage of intra-day trading in huge volumes and thus make the most of market conditions. It is an auto square off product where a trader can take a position on particular scrip(s) on a particular day and avail up to 50 times exposure on the available margin. A trader needs to square off the open positions by 3.10 pm on that day itself, after which the system automatically square off the open positions.

 

Compare Kotak Securities

Find out how Kotak Securities stacks up against other brokers
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Kotak Securities Ltd User Reviews

avatar
30. Sunil Sinha May 17 2022 02:13:37 PM Reply
I have had a very bad experience with Kotak Securities and Kotak Bank. People working there are not all trained to do their jobs. They cannot answer any question you ask, not even their Branch Manager. They claim very high for best service and best platform but they are the worst.

My Ratings:

Brokerage - they are cheating, they keep deducting amount without any explanaiton.
Customer Service - Very Poor
Overall Experience - Very Bad
avatar
29. Jolly Jun 02 2021 09:32:42 PM Reply
It is the worst customer service, from last 48 hours i am trying to get my concern resolved but every time new person comes in picture, i have to again explain the whole thing and they keep us hold and no revert and reslution on the matter. Why unnecessary charges are getting deducted from the account that thier team is not at all aware of. Will never recommed their company to anybody, unnecessary harrsing the clients.
avatar
28. B C jain Sep 11 2020 01:10:24 AM Reply
very poor response & false allegation

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
27. Randhir singh Jun 24 2020 07:45:52 AM Reply
High chargeable delivery include gst
And dp charges per month

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
26. Prasad Shetty May 30 2020 08:04:04 PM Reply
Kotak Securities tops the list of worst trading platform of all.
They introduced something called FIT(free intraday trading) plan. You pay annual premium of 1200 rupees and can do unlimited Intraday trading under equity, F&O with zero brokerage charges. Sounds amazing right? That''s what I felt initially. After 2 weeks of trading, opened my ledger only to see around 9000 additional charges were charged. Charges were charged in the name of OTHER CHARGES.
Called up customer care and the relationship manager. One of them say that''s valid charge which ONLY kotak charges. Other person say it shouldn''t have happened.
So, final conclusion is - FIT plan is free of brokerage but not free of other HIDDEN CHARGES.
I bet you won''t have any knowledge what''s so ever until its charged because THEY WON''T TELL YOU A DAMM THING ABOUT THIS.

STAY SAFE, MAINTAIN SOCIAL DISTANCING WITH PEOPLE AND KOTAK SECURITIES.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
25. Ganapati Hegde May 15 2020 07:00:41 AM Reply
Kotak securities is the worst stock broker in my experience. They are not customer supportive. They are just money minded. They deduct so many charges monthly from your account. like SMS charges, DP charges and many more. I just had 10 VIP industries stock. They deducted more than Rs.1250 in 4-5 months. Also my account got deactivated due to non KYC within 6 months of opening account. and I again submitted documents, still they rejected saying provided documents are not clear. If it is not clear they why didn''t asked me to give clear documents in first place.

Please no one open your Dmat account in Kotak securities. you will face worst customer service experience.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
24. Ujwal Sandeep Apr 11 2020 11:43:27 PM Reply
Unable to enter strike price.
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23. satyavrat Nov 27 2019 06:14:29 PM Reply
very poor service, false commitment
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22. satyavrat Nov 27 2019 06:43:23 AM Reply
very bad service they commit free trading account but now they charges a good amount as maintenance charges.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
21. RAMAJAYAM IYER Apr 06 2019 11:34:55 PM Reply
Hello,

We are OCI card holders who do not have any Indian address proof.
We have some shares in paper certificate.
We want to convert to DeMat and sell the shares.
Can you please help in this regard?

Thanks
Ram