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Kotak Securities Review 2024

Rated 4/5 by InvestorGain Team
Last updated on: 17-Feb-2024
Kotak Securities Ltd Review
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Kotak Securities Review 2024 - Quick Summary

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 research insights all these features make Kotak Securities a winning broker.

Kotak Securities Top Highlight for 2024

  • 25+ years of legacy in the broking space
  • Diverse product portfolio across multiple asset classes
  • Multiple brokerage plans with zero brokerage benefits
  • Free intraday trading
  • Rs 20 flat brokerage on F&O carry forward trades
  • Kotak NEO next-gen trading app and superfast Nest trading terminal
  • Experts research insights and trading calls
  • PAN India presence: 175+ branches and 1300+ franchisees in 370+ cities

About Kotak Securities

Kotak Securities a part of Kotak Mahindra Bank is India’s oldest and leading stock broker. It is registered with SEBI, BSE, NSE, MSE, MCX, and NCDEX to offer full-fledged investment solutions. Open a Trinity 3-in-1 account and trade or invest in all the asset classes - be it equity, F&O, commodities, currencies, mutual funds, debt, IPO, and SGBs.

The broker serves a diversified client base including residents, NRIs, HNIs, and private client Group.

Usually, full-service brokers levy a fixed percentage of trading value as brokerage but when you trade with Kotak Securities, there are different pricing plans you can choose from.

Its Trade Free Plan charges no brokerage on intraday trades in any segment and all carry forward F&O trades are charged with competitive brokerage of Rs 20/order flat fee. Other plans like trade free youth, trade free pro with MTF benefits, and dealer-assisted plans are also available.

The broker follows a technology-first approach and provides users with cutting-edge trading platforms. Its NEO app and web platform are designed with powerful backend technology. The NEO platform has many advanced features with a clean and clutter-free UI that makes it ideal for beginners to seasoned traders.

The dedicated team of experts offers you research and advisory services. From intraday calls to long-term equity investment recommendations, and expert expert-curated basket of stocks, you will get access to everything at Kotak Securities.

Let’s explore more in the Kotak Securities Review 2024 including account opening charges, brokerage plans, features of trading platforms, customer helpline number, and pros and cons.

Kotak Securities Promotion Offer
Kotak Securities Trade Free Plan

Open a 3-in-1 account and get:

  • Free Account Opening
  • Brokerage-Free Intraday trading
  • Flat Rs. 20 per trade brokerage in F&O

Interested in opening a trading account? Open Instant Account Now

Request call back from Kotak Securities

Kotak Securities Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3/5

Whether you are new to investing or an experienced day trader, Kotak Securities has the right pricing plan for you. Let’s check out different brokerage plans offered by Kotak Securities.

Kotak Securities Trade Free Youth Plan

If you are below 30 years, Kotak Securities Trade free plan offers zero brokerage trading benefits. Yes, the plan charges no brokerage on intraday, delivery, and F&O trading segments. Avail the plan benefits at a subscription fee of Rs 299 for 1st year and Rs 499 for 2nd year.

Trade free plan is valid only for 2 years thereafter, Trade Free plan charges will be applicable.

Kotak Securities Trade Free Plan

Trade Free plan charges zero brokerage on all intraday trades and flat Rs 20 per order on all carry forward F&O trades. This plan is available to traders and investors above 30 years.

The plan has no subscription fee but to switch to the Trade free plan, existing clients have to pay Rs 499 + GST.

Kotak Securities Trade Free Pro

This plan offers upto 4X margin and Margin Trading Facility (MTF) at a lower interest rate of 9.75% per annum.

This plan also offers free intraday trading at no brokerage and charges Rs 20 per order brokerage on all carry-forward F&O trades. This plan has a high subscription fee of Rs 249+ GST per month.

Kotak Securities Dealer Assisted Plan

If you are new and want dedicated dealer assistance to make wise investment decisions, dealer assisted plan is for you. This plan is available at a one-time subscription fee of Rs 499.

Equity intraday and delivery trades are charged at a higher of 0.39% or Rs 21 while on equity and commodity options trading, the plan charges a high brokerage of Rs 39 per lot.

Kotak Securities Account Opening Charges

Trading Account Opening Charges: Rs 99
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 20
Account Type 3 in 1 2 in 1 3 in 1 3 in 1 2 in 1
Equity Delivery 0.25% Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 20 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 20 whichever is lower
Equity Futures Delivery: Flat fee Rs. 20 per order| Intraday: Fre 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
Equity Options Delivery: Flat fee Rs. 20 per order| Intraday: Free Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Delivery: Flat fee Rs. 20 per order| Intraday: Fre Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
Currency Futures Delivery: Flat fee Rs. 20 per order| Intraday: Fre Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
Currency Options Delivery: Flat fee Rs. 20 per order| Intraday: Fre Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA

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

Kotak Securities offers different types of accounts to different types of investors;

Kotak Securities Trinity Account| 3-in-1 Account

Save, trade and invest with a single Trinity Account that combines your Kotak Savings Bank account, and Demat and trading account with Kotak Securities.

In a 3-in-1 Trinity account, trading account is used to place buy and sell orders on BSE, NSE, and MCX whereas a Demat account is used to hold shares, mutual funds, and other securities. All the fund deposits and withdrawals will be processed from the linked bank account.

Why open Kotak Securities 3-in-1 account?
  • Hassle-free fund transfer between your savings account and trading account
  • Invest in multiple products under one roof
  • Apply for IPOs via ASBA net banking
  • Multiple pricing plans with zero brokerage benefits
  • No loss of interest on fund balance
  • Access to Kotak Securities research insights

If you have a 2-in-1 account (Demat and Trading account) in Kotak Securities, you can switch to 3-in-1 account by opening a bank savings account with Kotak Mahindra Bank.

Kotak Securities NRI Trading Account

Are you living outside India but want to invest in Indian market? Open a Kotak Securities NRI trading account and link it to your NRI bank account. If you have an NRE bank account in India, you need to get PIS approval from RBI to open a NRE PIS trading account.

NRIs can invest in equity, IPOs, ESOPS, bonds, and ETFs with Kotak Securities.

Kotak Securities Private Client Group Account

Private client group is an exclusive account for high net-worth individuals with a portfolio of Rs 25 lakh or above. From comprehensive product suite to dedicated RM and access to in-depth research reports from experts are available to HNIs.

Kotak Securities Global Investment Account

Invest in US companies like Google, Amazon, Apple, Netflix, Wallmart, etc with Kotak Securities.

Open a paperless global investment account with Kotak Securities and invest in US companies and ETFs. There is no minimum investment as you can buy even a fraction of US company’s share. Also, at Kotak Securities, you will get free research reports from analysts like Zacks and Reuters.

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.

Open Instant and Online account with Kotak Securities in 15 mins.

Alternatives to Kotak Securities

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Kotak Securities Mobile App and Trading Platforms

Trading Platforms Rated 4/5

The full-service broker has multiple platforms to trade across devices. You can trade using the Kotak NEO mobile app, website, and Nest trading terminal.

Kotak Neo platform is designed using the Refinitv trading engine and state-of-the-art UI and UX to make trading faster and more rewarding.

Let’s briefly review Kotak Securities trading platforms;

Kotak NEO mobile app

    Kotak NEO is a new-age stock investment and trading app. The app allows users to trade in equity, derivatives, commodities, and currency segments. Whether you are a full-time intraday trader or an investor, the Neo trading app has all the features for you.

    For traders, the Kotak Neo app offers free intraday trading, real-time charts, access to TradingView charts, technical indicators, real-time price updates, option chain analytics, and much more.

    While real-time portfolio tracking, customized watchlists to track favorite stocks, quantitative and qualitative data of companies listed on NSE and BSE, investment in IPOs and mutual funds, and experts’ stock investment ideas, and StockCase (expert-recommended basket of stocks) are the features for investors.

    Also, the simple and intuitive user interface of the app makes it easy to use for beginners. Kotak NEO app is a safe and secure app protected with biometric login (Face ID or Fingerprint authentication).

    Kotak stock trader app can switch to the Kotak Neo app and experience new way of trading and investment.

Kotak NEO Website

    Kotak NEO platform is also available in the web version. You can log in to the Kotak NEO website on any browser be it Chrome, safari, etc.

    The browser-compatible Kotak Securities trading website provides real-time stock price updates, easy portfolio monitoring, multiple customized watchlists, and more features. The Neo website allows trading and investment in stocks and F&O segments (equity, commodity, and currency).

Kotak Securities Nest Trading Terminal

    Are you an intraday trader? If yes, trade on the Nest online trading terminal that has many incredible features for you.

    Nest is an advanced installable desktop trading terminal by Kotak Securities. From quicker order placement to advanced charts, faster refresh rate, Vwap statistics, bracket order, and multiple function keys are some of the innovative features of Nest trading software.

    Download the Nest terminal now on your desktop and enjoy a faster trading experience. The nest terminal is only available to use for Kotak Neo clients.

Kotak NEO Trade API

    Want to build your own platform, do it using Kotak Neo trading API. The API is free at zero subscription charges.

    Kotak NEO API is a set of REST API that gives access to live market feed, open market orders, open positions, and more. The API allows users to place upto 20 orders in just a second.

Additionally, Kotak Securities also has different trading tools and platforms;

Kotak Wave: Kotak Wave 2.0 is a mobile trading app for offline customers. The app allows them to track market at ease and trade in equity, derivatives, commodities, and currencies on the go. You will also get stocks fundamental and technical analytics, invest in IPOs, and track live market news and events.

Payoff Analyzer: It is an innovative tool for options traders to analyze options strategies, view live graphs, analyze P/L at different levels, evaluate payoff against price, time & volatility, and analyze options Greeks. You can also create a customized options trading strategy using the payoff analyzer tool.

Equity screeners: Use Kotak Securities multi-query equity screeners to discover the best stocks. There are multiple screeners based on moving averages, financials, technical screeners, and expert scanners.

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

Kotak Securities Trading Pros

  • 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

Kotak Securities Trading Cons

  • 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.

Kotak Securities Customer Care info

Stuck somewhere, no worries as Kotak Securities has different touch points to resolve customer complaints. Users can raise their queries on the telephonic helpline number or customer service email or also do live chat on Maya bot or Whatsapp chat.

Also, it has a decent PAN India presence through 175+ branches and 1300+ franchisees in 370+ cities all over the country. Any customer can visit the nearest branches and get their queries resolved instantly.

Final thought about Kotak Securities

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.

Request call back from Kotak Securities

Last updated on: 2024-02-17

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Kotak Securities Ltd User Reviews

33. Bharat Biyani Mar 07 2024 06:54:57 PM Reply
Very poor customer service - tried to open account but Parag Sadrani would respond only after multiple followup - eventually opened Account at another brokerage.
32. Latina Aug 09 2023 07:40:00 AM Reply
they will take money on every transaction of your trade and don''t give you correctly explain for what they charging and how much they charging so it is their trap to eat your money hiddenly .it is loot of customer so plz go for some other broker instead of kotak …..plz note that all these other charges are extra excluding brokerage STT and other legal SEBI charges…which are note charged by other brokers
No. It has a horrible process to pull amount for trading from your bank.
Don''t waste your time with Kotak Securities. I have a trading account with Kotak securities and I am regretting it now. Better to go with BenArmstrong-trades to grow.
I was able to open account in grow in less than 30 minutes just by sitting at home and through their websites. Copy trading and investment plans earns you more as a beginner. That''s how things should be. Even in this age Kotak is asking you to give cheque, all documents in hard copy, cancelled
32.1. Krishanu Maity Jan 01 2024 03:12:54 PM
You are a scammer, in every review you are promoting another fix broker.
31. Smita Kumari May 22 2023 08:34:12 AM Reply
"Kotak Securities provides free intraday trading. They have high-tech trading software & tools, and the most comprehensive research & advisory. Also, for traders below 30, they have zero brokerage plans.


Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent
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
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.
28. B C jain Sep 11 2020 01:10:24 AM Reply
very poor response & false allegation


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


Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
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.



Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
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.


Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
24. Ujwal Sandeep Apr 11 2020 11:43:27 PM Reply
Unable to enter strike price.