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IDBI Direct Vs Kotak Securities: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Kotak Securities offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct ranges between 0.02% to 0.20% while the brokerage of Kotak Securities ranges between Rs. 20 per order. Both the brokers are Full Service brokers. IDBI Direct is having overall lower rating compare to Kotak Securities. IDBI Direct is rated only 3.5 out of 5 where Kotak Securities is rated 4 out of 5. Number of active customer for Kotak Securities is 11,34,719 where number of active customer for IDBI Direct is 54,478. Kotak Securities is serving more customer compare to IDBI Direct.

Here we present side-by-side comparison of IDBI Direct vs Kotak Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared IDBI Direct vs Kotak Securities'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 IDBI Direct vs Kotak Securities share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared IDBI Direct vs Kotak Securities'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 IDBI Direct vs Kotak Securities on Service

  IDBI Direct Compare
IDBI Direct
Kotak Securities Compare
Kotak Securities
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE BSE, NSE, MCX, NCDEX
Active Clients 54,478 11,34,719
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct Kotak Securities is one of the leading stock brokers in India. From a comprehensive suite of trading and investing products to free intraday trading, multiple brokerage plans, a new-gen Neo web and app platform, cutting-edge trading tools, and expert...Know more about Kotak Securities
Broker Enquiry Request call back from Zerodha Request call back from Kotak Securities
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Account Opening Charges and AMC

Compare IDBI Direct vs Kotak Securities on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with Kotak Securities on trading & demat account opening charges and AMC. Trading account opening charges - IDBI Direct offer Free account opening where Kotak Securities charges Rs 99 for account opening. Demat AMC charges - IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account where Kotak Securities charges Rs 600 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with Kotak Securities
Charges IDBI Direct Kotak Securities
Trading Account Opening Fees Free Rs 99
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 PA [Free for 1st year] Rs 600 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs Kotak Securities on Plan Options

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

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

Account Opening

  Zerodha Kotak Securities
Account Opening Request
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Brokerage Charges

Compare IDBI Direct vs Kotak Securities on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

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 0.25% or Rs 20 whichever is higher. The plan is available for Rs 499 One Time fee.

Brokerage Charges - Compare IDBI Direct with Kotak Securities
Brokerage Charges Compare IDBI Direct Kotak Securities
Plan Name Flat Brokerage PLan Kotak Securities Trade Free Plan
Equity Delivery 0.20% 0.25%
Equity Intraday 0.02% Free
Equity Futures Flat Rs 15 per order Delivery: Flat fee Rs. 20 per order| Intraday: Fre
Equity Options Flat Rs 15 per order Delivery: Flat fee Rs. 20 per order| Intraday: Free
Currency Futures Flat Rs 15 per order Delivery: Flat fee Rs. 20 per order| Intraday: Fre
Currency Options Flat Rs 15 per order Delivery: Flat fee Rs. 20 per order| Intraday: Fre
Commodity Trading NA Delivery: Flat fee Rs. 20 per order| Intraday: Fre
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. Rs 21 per executed order
Hidden Charges Info Not Available No
Funding Info Not Available 12.49% interest PA
Call & Trade Charges Free 20 calls free and after that Rs 20 per call
Auto Square off Charges NA 20 calls free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for Kotak Securities
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Share Broker's Transaction Charges

Compare IDBI Direct vs Kotak Securities on Transaction Charges

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

Transaction Charges - Compare IDBI Direct with Kotak Securities
Transaction Charges Compare IDBI Direct Kotak Securities
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for idbicapital Complete Brokerage Plans for kotak-securities
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Account Features

Compare IDBI Direct vs Kotak Securities on Account Features

Compare IDBI Direct with Kotak Securities 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 - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

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

Compare IDBI Direct vs Kotak Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct and Kotak Securities. 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 IDBI Direct with Kotak Securities
Trading Platform Compare IDBI Direct Kotak Securities
Desktop Trading Platform Infinity Neo
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.idbicapital.com/ https://www.kotaksecurities.com/itrade/user/welcome.exe?action=chk_seckey_stat
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No No
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App Kotak Neo
Mobile Trading App Demo Info Not Available Kotak Neo Demo
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod Kotak Neo Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IDBI Direct Mobile App Download iOS Kotak Neo Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IDBI Direct Equity Intraday and Delivery Brokerage Calculator for Kotak Securities
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for Kotak Securities
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for Kotak Securities
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for kotak-securities

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Broker Ratings by Users

Compare IDBI Direct vs Kotak Securities on User Rating

  IDBI Direct Kotak Securities
  31 Customer Reviews    Rate IDBI Direct 82 Customer Reviews    Rate Kotak Securities
Fees Ratings 3.0 2.6
Trading Brokerage Rating 2.5 2.7
Trading Platform Usability 2.6 3.2
Customer Service Ratings 2.7 3.1
Overall Ratings 2.7 2.8
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews Kotak Securities is Rated 2.8 / 5 based on 82 customer reviews
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Investment Offerings

Compare IDBI Direct vs Kotak Securities on Investment Offerings

Compare IDBI Direct with Kotak Securities 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 - Kotak Securities offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Kotak Securities provides PMS Service where IDBI Direct doesn't offer

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

Compare IDBI Direct vs Kotak Securities on Order Types

Order Type - Compare IDBI Direct with Kotak Securities 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- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare IDBI Direct with Kotak Securities
Order Type Compare IDBI Direct Kotak Securities
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 Yes
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Customer Service Offered

Compare IDBI Direct vs Kotak Securities on Customer Service

Compare IDBI Direct with Kotak Securities 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 IDBI Direct with Kotak Securities
Customer Service Compare IDBI Direct Kotak Securities
24/7 Customer Service IDBI Direct vs Kotak Securities - 24x7 customer support No No
Email Support IDBI Direct vs Kotak Securities - Email Support Yes Yes
Onine Live Chat IDBI Direct vs Kotak Securities - Onine Live Chat No Yes
Phone Support IDBI Direct vs Kotak Securities - Phone Support Yes Yes
Toll Free Number IDBI Direct vs Kotak Securities - Toll Free Number Yes Yes
Through Branches IDBI Direct vs Kotak Securities - Through Branches Yes Yes
Customer Care Number IDBI Direct vs Kotak Securities - Customer Care Number 022-3913 5001 1800 209 9191
Account Opening Process IDBI Direct vs Kotak Securities - Account Opening Process Info Not Available Online
Customer Support Email IDBI Direct vs Kotak Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs Kotak Securities - Knowledge Center/Education Info Not Available https://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank
Head Office Address IDBI Direct vs Kotak Securities - Head Office Address/Corporate Address Info Not Available 27 BKC, C 27, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai 400051
Website IDBI Direct vs Kotak Securities - Company Website https://www.idbidirect.in/ https://www.kotaksecurities.com
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Tips/Research/Reports Published

Compare IDBI Direct vs Kotak Securities on Research Reports, Tips

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

Research Reports - Compare IDBI Direct with Kotak Securities
  IDBI Direct Kotak Securities
Research Mutual Funds IDBI Direct vs Kotak Securities - Research Mutual Funds Yes Yes
Research Equity Reports IDBI Direct vs Kotak Securities - Research Equity Reports Yes Yes
Research ETF IDBI Direct vs Kotak Securities - Research ETF Yes Yes
Daily Market Report IDBI Direct vs Kotak Securities - Daily Market Report Yes Yes
Free Tips IDBI Direct vs Kotak Securities - Free Tips Yes Yes
Quarterly Result Analysis IDBI Direct vs Kotak Securities - Quarterly Results Yes Yes
News Alerts IDBI Direct vs Kotak Securities - Yes Yes
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Demat Account

Compare IDBI Direct vs Kotak Securities on Demat Account

Compare IDBI Direct with Kotak Securities 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 Kotak Securities is ₹780 pa where for IDBI Direct is ₹350 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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges where for Kotak Securities is 0.04% (Min ₹27) + 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 IDBI Direct with Kotak Securities
  IDBI Direct Kotak Securities
DP Source CDSL CDSL
DP ID IDBI Direct vs Kotak Securities - DP ID No 49200
Demat Account Annual Maintenance Charges(AMC) ₹350 pa ₹780 pa
Advance Deposit NO NA
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges 0.04% (Min ₹27) + CDSL charges
Demat ₹5 per certificate + ₹30 courier charges ₹3 per certificate + ₹50 courier charges
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹10 for every hundred securities (Min ₹15)
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher 0.05% of transaction value (Min ₹30)
Pledge Creation Confirmation Nil 0.05% of transaction value (Min ₹30)
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher 0.05% of transaction value (Min ₹30)
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher 0.05% of transaction value (Min ₹30)
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher 0.05% of transaction value (Min ₹30)
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs Kotak Securities on Special Offers and Promotion

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

Compare IDBI Direct vs Kotak Securities on Special Offers and Promotion
  IDBI Direct Kotak Securities
Pay In and Pay Out Options IDBI Direct vs Kotak Securities - Pay In and Pay Out Options Info Not Available 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.
Payout Time IDBI Direct vs Kotak Securities - Payout Time Info Not Available Upto 24 Hrs except Bank Holidays. Instant fund transfer with Kotak Mahindra Bank.
Bank Supported and Charges IDBI Direct vs Kotak Securities - Bank Supported and Charges Info Not Available (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank
Bank Detail Info Not Available Direct from your Kotak Mahindra bank account.
Likes
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

Detail Review...

  • Wide range of products from equity to F&O, IPO, debt, mutual funds, SGBs, etc.
  • Minimal account opening charges
  • No brokerage intraday trading
  • Low-cost brokerage trading
  • Multiple platforms to trade on web, app, and desktop
  • StockCase: Experts recommended basket of stocks
  • Tools like equity screeners, TradingView charts, and Payoff analyzer
  • BNST: Buy Now Sell Tomorrow order
  • Bracket order, cover order, GTT, and aftermarket order
  • Intraday trading tips, short-term and long-term calls, derivative calls, equity investment ideas, and quarterly research reports from experts are available.
  • Margin trading facility (MTF) with dealer assisted trading
  • Kotak Traders Academy for beginners

Detail Review...

Dislikes
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

Detail Review...

  • Its Trade free youth plan is only available for upto 30 years of age and that too is valid for 2 years only.
  • High brokerage in dealer-assisted plan (Delivery: 0.39%, Equity and commodity options: Rs 39 per lot)
  • Delivery trading is not free as charged with 0.25% brokerage.

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Kotak Securities Account Now>>

Last Updated on 2023-08-21T03:25:00+00:00