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Rated 4/5 by Top Share Brokers Team
Kotak Free Trade Account
Open an Instant and Online account with Kotak Security in 15 mins.
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.
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 2023 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.
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
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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;
| Trading Account Opening Charges: | Free |
| Trading Account AMC: | Free |
| Demat Account Opening Charges: | Free |
| Demat Account AMC: | Rs 600 PA |
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 |
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For complete brokerage charges and trading plans detail please visit Kotak Securities Brokerage Charges.
Please refer unique and accurate Kotak Securities Brokerage Calculator
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 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.
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.
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.
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.
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 Trade
Open Instant and Online account with Kotak in 15 mins.
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.
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 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.
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).
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 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.
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.
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.
Rated 4/5 by 82 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.
Last updated on: 2023-05-08
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.
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Kotak Securities
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Ratings:
Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent