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Kotak Securities Stock Broker Review 2022

Rated 4 stars Rated 4/5 by Top Share Brokers Team
Last updated on: 3-Aug-2022
Kotak Securities Ltd Review
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  • Kotak Securities Review 2022 - Quick Summary

    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 research & advisory are the winning features to make it the best stock broker.


    Rated 4 stars

    Kotak Securities Top Highlight for 2022

    • One of the largest full-service brokers by active clientele base.
    • Broking arm of a reputed Kotak Mahindra Bank.
    • Free Kotak Demat and Trading account opening.
    • Multiple brokerage plans to suit everyone’s requirements.
    • Zero brokerage plan for traders below 30 years.
    • 20 flat brokerage charges.
    • 0 brokerage on intraday trading.
    • A range of advanced trading platforms, software, and tools.
    • Free best-in-class Kotak research and advisory

    About Kotak Securities

    Incorporated in 1994, Kotak Securities is one of the largest full-service stockbroking and financial product Distribution company of Kotak Mahindra Group, serving nearly 13 lakh customers. The bank-based brokerage house is a BSE, NSE, and MCX trading member to allow trading in equities, derivatives, commodities, currencies, IPO, bonds, mutual funds, and ETFs. It also offers margin trading, depository services, and third-party insurance.

    Open a Trinity Account, also referred to as a 3-in-1 account (Kotak Securities Demat A/c + Kotak Trading A/c + Kotak Bank A/c) to trade across multiple segments at the best brokerage rates. Traditionally, traders were concerned about the high brokerage fees levied by the full-service brokers but with the arrival of discount brokers, full-service brokerage houses have also introduced a flat brokerage fee-based pricing model.

    Kotak’s Trade Free Plan charges Nil brokerage on intraday trading whereas Rs. 20 flat brokerage fee is charged on carry forward trades across segments. The broker charges a higher of Rs. 20/order or 0.25% brokerage fee on the delivery segment.

    When it comes to trading platforms, Kotak Securities has multiple desktop trading softwares (TradeSmart, KeatProX, and Nest), Stock Trader and NEO mobile app, and a browser-based web platform to trade across devices. The broker is extremely devoted to bringing a lot of unique features to the platform to make the trading journey simple and faster.

    Kotak Securities’ dedicated research team is committed to providing highly authentic and credible research reports including equity fundamental and technical trading calls, derivative research, and market research.

    The broker offers reliable customer services online as well as offline communication route. It has a total of 153 branches, and 1332 franchisees in 361 cities to cater to the large client base.

    Compare to Zerodha - "India's largest broker", Kotak Securities is offering 3-in-1 account to customers. Zerodha offers flat brokerage plan whereas Kotak Securities offers customized plans depending on the client's requirement. The broker offers research and many more investment products, whereas Zerodha is mainly in broking and mutual fund service.

    Before opening a Kotak trading & Demat account, read the latest genuine Kotak Securities Review 2022 to get the complete details of types of accounts, account opening charges, brokerage charges, trading platforms and tools, margin/leverage, customer care details, and Pros & Cons.

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    Kotak Securities Brokerage Plan, Fees and Charges

    Rated 3 stars Brokerage and Commission Rated 3/5

    The full-service broking firm has 4 different brokerage plans; Zero brokerage plan (for investors below 30 years of age), Trade Free Plan, Trade Free Max Plan, and Dealer assisted brokerage plan. Its zero brokerage plan across all segments is widely advertised but it is only available to investors who are below the age of 30 years and also valid for a maximum of 2 years thereafter, Trade Free Plan will be applicable.

    Kotak Securities Trade Free Plan and Trade Free Max plan have a similar brokerage charges structure with zero brokerage on all intraday trades and Rs. 20 flat brokerage fee on carry forward transactions across F&O, commodities, and currencies. Equity delivery trades are charged higher of Rs. 20/order or 0.25%. The only difference between the two plans is Trade Free Max Plan provides a margin trading facility (MTF) at an interest rate of 8.75% per annum only.

    Kotak Dealer Assisted Plan levies a very high brokerage fee but offers additional benefits of a dedicated dealer or relationship manager. Check out the segment-wise brokerage charges under the Trade Free Plan below;

    Kotak Securities Account Opening Charges

    Trading Account Opening Charges: Free
    Trading Account AMC: Free
    Demat Account Opening Charges: Free
    Demat Account AMC: Rs 600 PA

    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 Rs. 20 per order Rs 20 Rs 20 Rs 20 Rs 15
    Account Type 3 in 1 2 in 1 3 in 1 3 in 1 2 in 1
    Equity Delivery 0.25% or Rs 20 whichever is higher Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 15 whichever is lower
    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 15 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 15 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 15 per order
    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 NA
    Currency Options Delivery: Rs. 20 per order| Intraday: Free Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
    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


    Type of Account offered by Kotak Securities

    To trade in the Indian stock market, different types of traders and investors can open the following types of accounts. Kotak Securities account can be opened online or offline as per your choice.

    Kotak Trinity Account| 3-in-1 Account

      Kotak Securities 3-in-1 account is an integrated account that combines Kotak Demat Account, Kotak Securities Trading Account, and a bank account with Kotak Mahindra Bank. The Trinity account feature at Kotak Securities helps through seamless fund transfer and hassle-free trading experience.

      The 3-in-1 account facilitates online trading in stocks, derivatives, commodities, currencies, IPO, ETFs, and mutual funds.

    Kotak Securities 2-in-1 Account| Demat & Trading

      If you don’t have a Kotak saving bank account, you can only open Kotak Securities Demat & Trading Account and link it with any third-party bank saving account like Axis, HDFC, ICICI, IndusInd, and SBI Bank.

    Kotak Securities NRI Trading Account

      NRI customers can open a Kotak Securities NRI 3-in-1 account, a combination of NRI Trading & NRI Demat Account, and link it with Kotak NRE or NRO bank account. NRI account facilitates seamless trading in equity, derivatives, IPOs, and ETFs. NRI traders will have access to the next-gen trading platforms and tools.


    How to open Kotak Securities Account online?

    Open Kotak Securities Trading & Demat Account online in just 15 minutes. The broker provides a completely digital account opening process to open a Demat account instantly.

    Steps to open Kotak Securities Demat & Trading Account;

    1. Head to the Kotak Securities website.
    2. Click on the “Open Demat Account” tab.
    3. Enter your full name and mobile number to complete the sign-up.
    4. Verify the mobile number and email with OTP.
    5. Provide your PAN Card number and DOB as per PAN.
    6. Enter personal details such as parent’s name, marital status, earnings, and trading experience.
    7. Add bank account details including account number and IFSC code.
    8. Confirm your address automatically fetched from Aadhaar or DigiLocker.
    9. Upload documents; take a selfie, signature, and canceled cheque.
    10. Select the brokerage plan between no brokerage plan, and Trade Free plan.
    11. Review the application, and submit it.
    12. Proceed to Esign with Aadhaar based OTP.
    13. Congratulations! You have completed the account opening process, wait for the confirmation by the Kotak Securities team within a few working hours.

    Once approved, you will receive an “Account is approved” email along with your login credentials to kickstart online trading in stocks, derivatives, commodities, and currency segments.

  • Free Demat Account
  • 100% Free Delivery Trade
  • Online Account Opening
  • Alternatives to Kotak Securities

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    Kotak Securities Mobile App and Trading Platforms

    Rated 4 stars Trading Platforms Rated 4/5

    Kotak Securities believes in embracing new technology-oriented platforms to take trading and investing experience to a new level. Likewise, other full-service brokers, it has a web-based, mobile app, and an advanced trading terminal platform to allow trading across various devices. Every user will be provided with a unified access code to login across all the platforms. Let’s take a detailed review of each of these platforms.

    Kotak NEO app and web

      Neo is an easy-to-understand contemporary web and app-based platform that comes with a combination of features and cutting-edge technology to make trading even simpler and faster. Neo app allows you to invest in equities, F&O, commodities, currencies, mutual funds, IPOs, and ETFs at your fingertips. Customized watchlists, real-time superior charting, advanced charting, interactive fintech tools, lots of technical indicators, option chain analytics, etc. are some of the advanced features available on the Kotak Neo mobile app.

      Kotak Neo app has a safe and secure biometric login access via FaceID and fingerprint authentication to provide additional safety. Kotak stock trader app users can now switch to the Neo app and thereafter, all the trading activities can be accessed only on the Neo app and website.

    Kotak Stock Trading App

      Kotak Stock Trader App is a user-friendly and safe & secure app to help you trade with ease and convenience at your fingertips. You can create multiple watchlists, track real-time stock price movement, hassle-free fund transfer with UPI and NEFT, place multiple orders (basket orders, stop-loss order, & bracket order), advanced charting with multiple chart views, and access trade reports.

    Kotak Securities TradeSmart Terminal

      Get access to the high-powered TradeSmart Terminal to get a competitive edge with powerful watchlists, integrated market depth, comprehensive fundamental and technical data, price Heat-map, sentiment tracker, option chain, and more.

      The terminal is loaded with advanced features like TradeSmart Derivatives (recommend trading strategies, one-click market snapshot), TradeSmart Insights (get analyst recommendations, live news, and stock ratings and insights), and TradeSmart Trends (bullish and bearish trends, real-time analysis, and timely alerts).

    Keat ProX Desktop Trading Software

      Kotak Keat ProX is a free multi-functional high-speed online stock trading software to trade in equities, derivatives, and currencies. The game-changing software is incredibly easy-to-use with many popular features such as customizable watchlists, high-speed stocks trading, live-streaming market data, well-researched stock recommendations, and stock price charting. The desktop software can be downloaded on a laptop or a desktop.

    Kotak Securities Web Trading Platform

      Kotak Securities has a browser-based web trading platform to facilitate online trading across segments through its trading website. The all-new website has a very simple, high-speed, and intuitive user interface enabled web platform to provide many features such as multiple watchlists, real-time market insights, multiple order placement, smart search tool, portfolio tracker, and easy navigation across mutual funds, smallcase, and IPOs.

      It also has an Xtralite, light, and super-fast trading website that is compatible to run with slow internet speed.

    Nest Trading Platform

      Kotak Nest is a high-end trading platform to enjoy a seamless and feature-rich trading experience. Quick order execution, multiple watchlists, basket order, one-click square-off, option chain with greeks, and advanced charting analytics.

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


    Kotak Securities Trading Pros

    • 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.

    Kotak Securities Trading Cons

    • 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.

    Kotak Securities Customer Care info

    The bank-based full-service broking firm offers customer care services through multiple communication channels such as Toll-free number, Web help, Maya virtual assistant Chat bot, telephonic helpline support, Whatsapp chat, and customer care email support.

    At the same time, offline customer support is also available through 153+ branches and 1332+ franchisee offices all over the country.

    Its customer dealing desk or executives are dedicated to providing fantastic customer service by responding to their queries instantly.


    Final thought about Kotak Securities

    Rated 4 stars Rated 4/5 by 81 users

    With over 25 years of experience, Kotak Securities claims to be the top-rated full-service broker in India offering trading and investing services at Rs. 20 flat discount brokerage rates. Not just the 3-in-1 account opening facility but also free phenomenal feature-rich desktop trading software and mobile app, readily available customer services, and free research recommendations & advisory services are the reasons to open a Demat & Trading account with Kotak.

    Request call back from Zerodha

    Last updated on: 2022-08-03

    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

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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.
    avatar
    23. satyavrat Nov 27 2019 06:14:29 PM Reply
    very poor service, false commitment
    avatar
    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