Kotak Securities Review 2019

Rated 4/5 by Top Share Brokers Team
Kotak Securities Ltd Review

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

    Kotak Securities, the popular stock broker is amongst the top five Share Brokers in India having customer base of more than 10 lac, 1128 branches and sub Brokers in 350 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 provides 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 stock market analysis. The Broker also provide 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 consider to be average only, not beyond expectation.

Review 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.

Kotak Securities Key Highlights

  • 5 th largest Broker In India with most extensive retail distribution network of 1128 offices in 352 cities of 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.
  • Brokerage house with the largest IPO distribution in India.
  • After Market Orders and Portfolio Management Service(PMS) available.
  • Ranked as number 1 in India's Institutional Investor rankings by weighted average in 2014.
Broker Ad

Benefits

  • 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.

Considerations

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

Special 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 Investment Options Compare

Here we are comparing Kotak Securities with its 5 close competitors on investment options.

Broker Kotak Securities Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading No Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking Yes No No No No
Insurance Yes Yes Yes No No

Kotak Securities Brokerage Plans

Brokerage and Commission Rated 3/5
    Brokerage and Fees:
    • Account opening fee : Rs 750
    • Annual maintenance charges : Nil
    • Demat Account opening fee : Nil
    • Demat account maintenance charges : Rs 50 per month for resident Indians, Rs 75 per month for NRIs.
    There is three Brokerage plans to choose from:
    1. Fixed Brokerage Plan

      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.

      Type Charges
      Delivery 0.49%
      Equity Intraday Square off (Both Sides) 0.049%
      Futures (Both Sides) 0.049%
      Options Rs 300 Per Lot
      Minimum Brokerage 4 paise for delivery and 3 paise for Intraday and Futures orders

      Minimum Brokerage Charges:4 paise for delivery and 3 paise for intraday orders or Rs 21 per executable order - whichever is higher.Equity Futures: 0.03 P (per share) subject to ceiling of 2.5% of contract value.

    2. Dynamic Brokerage Plan

      This is the brokerage plan depending upon the volume of trade per month in particular segment. The more is your volume the lower will be the brokerage. Clients can get a good bargain on their brokerage rates. The Brokerage can go as low as .30% for equity trading.

      Slabs Brokerage Applicable(Both Side)
      Less then 1 lakh 0.59%
      1-5 lakh 0.55%
      5-10 lakh 0.45%
      10-20 lakh 0.36%
      20-60 lakh 0.27%
      60 lakh - 2 Cr 0.23%
      Above 2 Cr 0.18%

      Cash Intraday - Brokerage Details

      Slabs Brokerage Applicable(Both Side)
      Less then 25 lakh 0.06%
      Above 25 lakh 0.05%

      Futures Intraday- Brokerage Details

      Slabs Brokerage Applicable(Both Side)
      Less then 25 lakh 0.06%
      25 lakh - 2 Cr 0.05%
      2 Cr - 5 Cr 0.04%
      Above 5 crore 0.03%

      Futures - Brokerage Details

      Slabs Brokerage Applicable(Both Side) Brokerage Applicable(Both Side)
      Less then 2 crore 0.07% 0.05%
      Above 2 crore 0.09% 0.073%

      Options - Brokerage Details

      Monthly Premium Volume Intraday Brokerage Settlement brokerages Minimum Brokerage Per Lot (Intraday)
      Upto 4 laks 2.5% 2.5% Rs 300
      4-11 laks 2.25% 2.5% Rs 240
      Above 11 laks 1.8% 2.3% Rs 180

      Currency Derivative - Brokerage Details

      Monthly Volume Slab(In Crs) Currency Futures Currency Options
      0-3 0.04% or Rs 20 per lot, whichever is higher Rs 20 Per lot
      3-8 0.036% or Rs 18 per lot, whichever is higher Rs 18 Per lot
      8-15 0.030% or Rs 15 per lot, whichever is higher Rs 15 Per lot
      15-30 0.02% or Rs 10 per, whichever is higher Rs 10 Per lot
      Above 30 0.015% or Rs 7.5 per lot, whichever is higher Rs 7.5 Per lot

      Minimum brokerage Charges: Cash Delivery: 0.04 P (per share), Intraday: Rs. 0.04 P (per share), OR Rs. 21/- per executed order, whichever is higher, Equity Futures: 0.04 P (per share) subject to ceiling of 2.5% of contract value.

    3. Advanced Brokerage Plan

      This is a prepaid brokerage plan where you requires to pay a Advance fee at the beginning of a specific time period. This Advance Fee is refundable to the extent of the brokerage generated by the client during the Validity Period of the Plan. The plan duration is 12 months. The brokerage can be as low as .12% for equity and .015% for intraday and future if your trading volume is high. There is no Account opening fee with this plan.

      Plan details & Charges

      Particulars PLAN A PLAN B PLAN C PLAN D
      Total Cheque Amount Rs 5000+GST Rs 10,000+GST Rs 50,000+GST Rs 2,00,000+GST
      Validity 12 Months 12 Months 12 Months 12 Months
      Delivery 0.39% 0.29% 0.19% 0.12%
      Cash Intra-Day 0.040% 0.035% 0.030% 0.015%
      Futures 0.040% 0.035% 0.030% 0.015%
      Options Rs 225/- per lot Rs 225/- per lot Rs 150/- per lot Rs 150/- per lot
      Currency Futures (Each Leg) 0.024% or Rs. 12 per lot whichever is higher 0.020% or Rs. 10 per lot whichever is higher 0.016% or Rs. 8 per lot whichever is higher 0.016% or Rs. 8 per lot whichever is higher
      Currency Options (Each Leg) Rs 12 Rs 10 Rs 8 Rs 8

      Minimum Brokerage Charges:4 paise for delivery and 3 paise for intraday orders or Rs 21 per executable order - whichever is higher.Equity Futures: 0.03 P (per share) subject to ceiling of 2.5% of contract value.

    4. Kotak Security Free Intraday Trading Plan

      Kotak Security FIT (Free Intraday Trading) is unlimited Intraday trading plan @999 Rs PA. This is a best fit plan for active traders who are more in Intraday Trading. This plan is available only for online customer, i.e user who place orders by their own using mobile app, web platform or desktop app. Not available for orders place via dealer or call n trade facility.

      For more detail please refer detail article Kotak Security Free Intraday Trading Plan

    5. Shubh Trade

      Special offer for Options Trader, flat Brokerage of rs 21 per executable order in equity options trading. Call & Trade facility is free for first 20 calls. From the 21st call, Rs 20 per call is charged. Best suited for Option Trading as brokerage is really low.

      Type Charges
      Delivery 0.49%
      Equity Intraday Square off (Both Sides) 0.049%
      Futures (Both Sides) 0.049%
      Options Rs 21 Per Lot
      Futures 0.020% or Rs. 10 per lot whichever is higher
      Currency Futures (Both Sides) Rs. 10 per lot

      Minimum Brokerage Charges:4 paise for delivery and 3 paise for intraday orders or Rs 21 per executable order - whichever is higher.Equity Futures: 0.03 P (per share) subject to ceiling of 2.5% of contract value.

      Valid for online trades only.

      Min cash of Rs 1 lakh is required.

    6. NRI Brokerage

      Kotak Security NRI Brokerage plans are really atractive. NRI can get benefit of advance research tools, online trading platform and other advance service 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.

    Types of Account:

    1. Trinity Account

      Kotak Securities Trinity Account is a 3 in 1 account that gives you the benefits of seamless investment by integrating savings account, demat Account and trading account into one great service. As part of trinity account, a savings bank account is opened with Kotak Mahindra Bank to your own preferred nearest location.

      Funds can be moved between accounts directly through the Kotak Securities website, and any unutilized money in your trading account comes back to your savings account. There is no upper limit for transfer of funds from your savings account to your online trading account in a single day.

    2. 2 in 1 Account

      This is a normal Trading and Demat Account with Kotak Securities and any saving Bank Account can be linked to it. The banks that can be linked are Axis Bank, CitiBank, HDFC Bank, Kotak Mahindra Bank, ICICI Bank, IndusInd Bank, Federal Bank and State Bank of India (SBI).

    3. Kotak Pearl Account

      This account is specially designed for women to invest in Indian share market. It allow women investors to enjoy the regular offerings of Kotak Securities such as online trading platform KEAT ProX, mobile trading application Kotak Stock Trader, expert research recommendations.

      It comes with features like 50% cash back on brokerage on Cash market trades for a period of 90 days. Account opening fee is Rs 500.

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

Kotak Securities 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 Sharekhan 5paisa Zerodha SAMCO
Service Type Full Service Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range .049 to .49% 0.1 to 0.5% Rs 10 Rs 20 20 Rs
Account Type 3 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery 0.49% or 49 paisa 0.5% or 50 paisa Flat Fee Rs 10 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.049% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures 0.049% or 5 paisa 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Rs 300 Per Lot 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity NA 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures .02% or Rs. 10 per lot whichever is higher 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Rs 10 Per Lot 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate Kotak Securities Brokerage Calculator


Kotak Securities Ltd Margin Details

Super Multiple by Kotak Securities

    With Super Multiple, traders can avail up to 50 times exposure on selected scripts for intra-day trades only. Super Multiple is only for day trading and your order will auto square off at 3:10 pm. Super Multiple is an order type, so when you give an order, you need to select Super Multiple Orders with compulsory stop loss. Script exposure is decided on market volatility, liquidity, volume and few other factors and can change every day. Stop loss trigger price for buy order is 1% below LTP and for sell, orders are 1% above LTP.

    Super Multiple Orders can place only in NSE Cash (Up to 50 times exposure) and NSE Future (15 times the exposure in Index futures and 12 times the exposure on Futures contract of specific scripts for current month expiry only.)

Kotak Securities MIS Order Margin

    Cash Segment: 3x to 7x depends on scripts.

    Derivatives Segment: 2x to 7x depends on Futures contract.

Kotak Securities Margin Trading

    Under Margin Trading Facility 3x to 7x exposure can be avail.

Kotak Securities Margin Against Shares

    Margin against shares option is also available, where you can pledge your holding stock on haircut % defined by the broker and get extra fund in your trading account.

    In Summary, Super Multiple orders are competitive but they are not included in the Free intraday Trading plan, so in such case, you need to pay regular brokerage to avail extra margin.


Open Trading and Demat Account with Kotak Securities Ltd

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

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Kotak Securities Trading Platform

Trading Platforms Rated 4/5

    Kotak Securities offers web based, terminal based and mobile app based trading platform on Trinity Account.

    Kotaksecurities.com:This is the online Broking Site by Kotak Securities launched in year 2000.

    Xtralite:Kotak Securities introduces Xtralite, an extra-light, super-fast trading website specially designed for trading using slow internet connections. Now, you can use your existing internet connections to trade in the equity and derivative markets.

    KEAT Pro X:This is a free, simple and high-speed online trading software that gives you control over your stock portfolio and allows you to track the markets live as well as buy and sell securities online in real time. KEAT Pro X deals with online trading on BSE, NSE and NSE currency markets on single platform.

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

    The Kotak Stock Trader:This a Mobile Stock Trading app that allows you to trade in equity, derivatives, currency derivatives, track your portfolio, get live streaming market updates and stock quotes, and much more while you are on the go.

    Fastlane:This is light and fast Java based trading application. With Fastlane, you can track the markets live, make trades, create watch-lists and more without installing full-fledged trading software on your computer.

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

Kotak Securities Trading Platform Compare

Here we are comparing Kotak Securities with its 5 close competitors on Trading Platform.

Broker Kotak Securities Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site No Yes Yes Yes Yes

Final thought about Kotak Securities

Kotak Securities earned a respectful position in share broker services through its fast trading platforms (KEAT Pro X, Xtralite, Fastlane), vast network of 1255 branches, franchisees and offices across India and abroad and dedicated research division. The services are endless but comes 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 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.

If you like what you have read and want to open an trading and demat account with Kotak Securities, leave your contact information with us and we will guide you.

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Kotak Securities Ltd User Reviews

avatar
21. RAMAJAYAM IYER Apr 6, 2019 10:34:55 PM IST 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
avatar
20. Ragini Kumari Jan 17, 2019 6:04:26 PM IST Reply
They promised life time maintenance free but cheated. They have the most confusing ledger so as to befool customers and very high brokerage rate. Their employees are dissatisfied and hence quit immediately. You will hardly find the same staff on your second or third interaction.
Never recommended.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
19. Ragini Kumari Jan 17, 2019 6:01:31 PM IST Reply
Worst experience. They promise life time maintenance free but charge exhorbitantly and cheat. They have the most confusing ledger so as to befool customers and very high brokerage rate. Their employees are dissatisfied and hence quit immediately. You will hardly find the same staff on your second or third interaction.
Never recommended.
avatar
18. Prakashchandra M. Rao Dec 27, 2018 6:25:37 PM IST Reply
Do you have an office at No.22, 6th floor, M.G. Road, Next to trinity, Metro Station, Bengaluru, 560001.
What is their phone number.
Reply to Email
avatar
17. Rajeev kumar Singh Nov 16, 2018 11:22:55 AM IST Reply
I want to open a dmat&trading acc.
avatar
17.1. Marepally shiva Dec 16, 2018 6:24:02 PM IST
You can open by online by giving your contact details or else visit to the branches in secunderabad or Banjara hills or Abids or kukatpally ....and you can open your Demat account at your Doorstep by Contacting the below number 905xxxxxxx or 891xxxxxxx
avatar
16. sanjay bhawnani Oct 17, 2018 6:39:45 PM IST Reply
I have already an account 3 in 1 of kotak securities,now want to convert it into free intraday plan and 999 per year
7987****16
abhishe*******[email protected]
my humble request to u,kindly provide me details at the earliest of your conveniance
avatar
15. Anshuman Pathak Oct 1, 2018 9:33:12 PM IST Reply
Hi,
I am a beginner in this field, just wanted to know do you allow to purchase share 10 times of my deposited amount,(just like Angel broking?)
avatar
15.1. CA Sachin jain Oct 2, 2018 8:52:10 AM IST
Its depend on your order type, If you are placing CO or BO orders, Kotak allow you to get 50x times, in MIS orders you will get max 7x margin or leverage.
avatar
14. BPTP Park Elite Floors Sep 27, 2018 2:27:32 PM IST Reply
charges for demating physicsl share
avatar
13. Vijay Jul 25, 2018 6:23:44 PM IST Reply
worst

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
12. rajabhai usadadiya Jul 16, 2018 3:19:10 PM IST Reply
i have demate account in kotak securities. it charge is very high and hedden charge you donot know when apply. its employee are very rude behavious.i want to chanege my demat account. it s bill is to lage you cant print your computer.you have to print in cybercafe they take charges for one copy Rs 4. and in kotak securities you want physical bill you have to pay 21Rs per bill. it is very costly.

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