Kotak Securities Stock Broker Review 2023

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Kotak Securities Brokerage Plan, Fees and Charges

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 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% or Rs 20 whichever is higher	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: 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 20 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 20
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

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.

Kotak Securities Mobile App and Trading Platforms

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.

• Kotak Securities Customer Care Phone Number: 1800 209 9191
• Kotak Securities Customer Support Email: [email protected]
• Kotak Securities Knowledge Center: https://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank

Final thought about Kotak Securities

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.

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