Kotak Securities, has known for their unorthodox approach to embrace new technologies and ideas over the past few years. In short, they have proven worthy to be called a well know and well respected full service brokerage firm.
Nevertheless, in today’s article, we will dig deep into Kotak Securities Review & their ways of operation and the convenience of using their respective products, services, offers, customer support, research and advisory and most importantly all the platforms they offer to their respective clients for the purpose of remote trading.
In short, we will try to verify if Kotak Securities has really been able to maintain the supremacy in the Indian trading industry or not.
Kotak Securities Customer Ratings & Review
| Kotak Securities Ratings | |
| Experience | 8.2 / 10 |
| Trading Platform | 8.1 / 10 |
| Product & Services | 8.2 / 10 |
| Brokerage Charges | 8.5 / 10 |
| Research | 8.1 / 10 |
| Overall Rating | 8.25 / 10 |
| Star Rating | ★★★★☆ |
| Customer Reviews | 3823 |
About Kotak Securities
Kotak Securities as a brokerage house serving across all the financial trading asset classes, was brought into existence by their founder Mr. Uday Raj Kotak in the year 1994.
The company was incorporated in Mumbai, Maharashtra before it went on to serve the nationwide traders and investors. The firm has been ever since operating as a subsidiary for Kotak Mahindra Bank and claims itself to be the best broker as of today.
Perhaps, that is not exaggerating at their end, considering the fact that they have over 13 lakh active accounts in the present that are managed by their gigantic network of over one thousand and two hundred branches spread across three hundred and seventy seven cities in India.
As a matter of fact, their traders and investors make up to 5 lakh trades on an average day. Furthermore, they have also managed to time and again pioneer many services.
In fact, they were the very first in the nation to introduce Mobile Stack Trading App that could track all the investments of a person on the go.
They also came up with the concept of SMS alerts right before the execution of depository transaction. And they have also been recognized for their tremendous efforts more than once.
Today, they stand as the proud winners of Gold award presented to them at ACEF for Email marketing & successful use of technology, “Early adopter of Analytics” award presented to them at Machine learning conference 2018, Best Brokerage India 2018 – by Triple A Asset Country Awards in the Best Advisors South Asia Category and many more.
Open Demat Account with Kotak Securities
Kotak Securities Brokerage Charges & Fees
There are two types of Brokerage Plans available with Kotak Securities:
Standard Plan & Free Intraday Plan. Check the Table below for both the Plans –
| Brokerage Charge & Fees | ||
| Standard Plan | Free Intraday Plan | |
| Equity Delivery Trading | 0.49% | 0.49% |
| Equity Intraday Trading | 0.049% | Rs.999 per Year |
| Commodity Options Trading | NA | NA |
| Equity Futures Trading | 0.049% | 0.049% |
| Equity Options Trading | Rs.100 per Lot | Rs.100 per Lot |
| Currency Futures Trading | 0.049% | 0.049% |
| Currency Options Trading | Rs.70 per Lot | Rs.70 per Lot |
| Minimum Brokerage | Rs.21 per Trade | Rs.21 per Trade |
| Demat AMC Charges | Free or Rs.300 per Annum | Free or Rs.300 per Annum |
| Trading AMC Charges | Rs.500 per Annum | Free |
| Margin Money | Minimum Rs.25,000 | Zero Margin |
| Brokerage Calculator | Kotak Securities Brokerage Calculator | |
Kotak Securities Free Intraday Plan
The Broking House Kotak Securities Launched Free Intraday Plan in 2018. This plan provided unlimited Intraday Trades @ yearly subscription of Rs.999.
This plan has multiple benefits like Trading AMC is Free, Zero Margin requirement & unlimited Intraday Trading. For rest of the Segments, Brokerage remains same as standard plan.
Kotak Standard Brokerage Plan
This plan very much similar to Free Intraday Plan.
If you take a glimpse at the table, you will be able to clearly understand that Kotak Securities charge 0.049 % in terms of brokerage on Currency Futures, Equity Intraday & Equity Futures.
They Charges 0.049 % in terms of brokerage on the total Equity Delivery Trading value, Rs.100 per lot in terms of brokerage on the total Equity Options, Rs.70 per lot in terms of brokerage on the total Currency Options Trading value.
The Company also charges Rs.21 per trade in terms of Minimum Brokerage, Rs.300 per annum for maintaining a Demat Account and Rs.500 per annum for maintaining a Trading Account.
They also have made it mandatory for their respective traders and investors to maintain a minimum balance of Rs. 25,000 in the terms of Margin Money.
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Kotak Securities Charges
| Other Charges | |
| Transaction Charges | 0.00320% of Total Turnover |
| STT | 0.0126% of Total Turnover |
| SEBI Turnover Charges | 0.0002% of Total Turnover |
| Stamp Duty | Depends on State (very minimal) |
| GST | 18% of (Brokerage + Transaction Charges) |
The table that has been presented above can be referred to for gaining an understanding of all the charges other than the brokerage that are imposed by the firm up on all of their traders and investors.
As you can easily conclude, Kotak Securities levies a charge of 18 % on the total value of brokerage and transaction charge, 0.0126 % on the total turnover in terms of Securities Transaction Tax, 0.0002 % of the overall turnover as SEBI Turnover Charges and a variable (but minimal) amount in accordance to the state laws as Stamp Duty.
Kotak Securities Demat Account Opening Charges
| Demat Services | |
| Depository Source | NSDL & CDSL |
| Account Opening Charges | Zero |
| Demat AMC Charges | Free or Rs.300 per Annum |
| Trading AMC Charges | 500 |
| Margin Money | Minimum Rs.25,000 |
| Offline to Online | No |
Kotak Securities has always been known and appreciated for the approach towards embracing one and all in terms of traders and investors.
As a matter of fact, anyone from throughout the nation can register themselves as traders or investors with Kotak Securities without even paying any amount whatsoever for the sake of opening an account.
Nevertheless, they do require the traders to pay a charge of Rs.300 every year in terms of Demat Account AMC and a sum of Rs.500 every year in terms of Trading Account AMC.
Furthermore, the brokerage house also requires all of their traders and investors to maintain a minimum balance of Rs.25,000 as Margin Money.
This must be noted that all these charges can be paid to the brokerage house either through the NSDL & CDSL.
Kotak Securities Offers
| Offers | |
| Free Demat Account | Yes |
| Free Trading Account | No |
| Discount on Brokerage | No |
| Trading Happy Hours | Yes |
| Flexible Brokerage Plans | Yes |
| 1 Month Brokerage Free | No |
| Holiday Offers | No |
| Referral Offers | No |
| Zero Brokerage for Loss Making Trades | Yes |
The Biggest offer the broking house is providing is the “Free Intraday Offer”.
Kotak Securities extensively lay down offers related to Zero Brokerage for any and all the Loss Making Trades, provision of Free Demat Account, Flexible Brokerage Plans and Trading Happy Hours.
Nevertheless, they do not have any offers in terms of the provision for Free Trading Account, Discount on Brokerage, Referral Offers, One month worth of brokerage free trading or even Holiday Offers.
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How to Open Demat Account with Kotak Securities?
Understandably, you can be inclined towards joining Kotak Securities after getting to know their offers and charges. All you need to do is –
- Click the green colored ‘Open Demat Account’ button appearing just underneath this particular section.
- As soon as you click on the green button, a new form will pop up on your computer screen.
- Go through the entire form carefully, reading each and every line present within the form thoroughly.
- Next, you must fill up the entire form with proper and accurate information and submit the form along with a few other documents.
- You will require to submit a list of certain documents in order to take care of the KYC verification in terms of your age, identity and address.
- The KYC verification procedure will require you to have Aadhar Card, PAN Card, and a photograph.
- As soon as you conclude all these steps, you will be contacted upon by an authorized personnel on behalf of Kotak Securities. This personnel will take care of the final verifications before allowing you to grant full access to your account.
As soon as you complete these steps, you can expect to be granted full access to your new account within a matter of a few hours.
Why Open a Kotak Securities Trading Account?
As per the policies set by the Indian government, anyone who wants to trade across any or all segments of Equity and Derivative based stocks must have a Demat or at least a Trading Account.
As a matter of fact, there are numerous reasons as to why you must register yourself with Kotak Securities:-
- They have been around the Indian Stock Trade industry for almost twenty five years and have pioneered in many services, thereby gaining the deserving trust they have today.
- Broking House is a corporate member of the NSE and the BSE and also a depository participant with the NSDL and CDSL.
- They have been recognized for the Silver award in the Best SEO for Website at DMAI 2015, Gold award for Effective Use of Market research, Bronze award for Effectiveness in Radio and Bronze award for Innovation in Cupshup campaign awarded to Agar Magar Campaign at Asia Pacific Customer Engagement Award 2015 – 16 among a lot of other social recognition.
Open Free Intraday Trading Account with Kotak Securities
Kotak Securities Products & Services
Here are the various products & services provided by the broking house.
Kotak Securities Products
| Products | |
| Equity Trading | Yes |
| Commodity Trading | No |
| Currency Trading | Yes |
| Options | Yes |
| Futures | Yes |
| Mutual Funds | Yes |
| Forex | Yes |
| Banking | Yes |
| SIP | Yes |
| Insurance | Yes |
Kotak Securities, as a full service brokerage house offers services across almost all the products thinkable around equity and derivative based trading.
Typically speaking, Kotak Securities offer extensive services related to Banking, Insurance, Systematic Investment Plans, Forex Trading, Options Trading, Mutual Funds, Currency Trading, Futures Trading and Equity Trading. Nevertheless, they have no service offerings with regards to Commodity Trading.
Kotak Securities Services
| Services | |
| Demat Services | Yes |
| Trading Services | Yes |
| 3 in 1 Acount | Yes |
| Intraday Services | Yes |
| IPO Services | Yes |
| Stock Recommendations | Yes |
| Robo Advisory | No |
| PMS | Yes |
| Trading Institution | No |
| Trading Exposure | Upto 12x |
The aforementioned chart has been drafted so as to give you a proper hint about the kind of services Kotak Securities provides for their respective traders and investors.
As you can clearly observe, they provide services in terms of Portfolio Management Services, Demat Account Services, 3 in 1 Account, Intraday Services, Initial Public Offerings, Stock Recommendations and Trading Services.
They provide all of these services with an additional leverage of up to twelve times trading exposure. Typically speaking, the full service brokerage firm provides every service related to Equity and Derivative Based Trading apart from Trading Institution and Robo Advisory.
Kotak Securities Research & Advisory
| Research & Advisory | |
| Fundamental Reports | Yes |
| Research Reports | Yes |
| Company Reports | Yes |
| Annual Reports | Yes |
| Company Stock Review | No |
| Free Stock Tips | Yes |
| IPO Reports | Yes |
| Top Picks | No |
| Daily Market Review | Yes |
| Monthly Reports | Yes |
| Weekly Reports | Yes |
| Offline Advisory | Yes |
| Relationship Manager | Yes |
The above mentioned table of content has been created so as to give you a proper understanding of all the Research and Advisory services that Kotak Securities has to offer for their registered traders and investors.
You can easily see by observing the chart that they provide extensive support in terms of Free Stock Tips, Annual Reports, Relationship Manager, Weekly Reports, Fundamental Reports, Company Reports, Research Reports, Offline Advisory, Initial Public Offering Reports, Daily Market Overview and Monthly Reports.
However, you can also see that they do not provide a service related to Company Stock Overview or Top Picks.
Kotak Securities Exposure / Leverage
| Exposure / Leverage | |
| Equity Delivery | Upto 10x |
| Equity Intraday | Upto 20x |
| Equity Futures | Upto 10x |
| Equity Options | Upto 20x |
| Currency Futures | Upto 10x |
| Currency Options | Upto 15x |
| Commodities | Upto 10x |
| Margin Calculator | Kotak Securities Margin Calculator |
If you are wondering about the kind of leverage Kotak Securities has to provide to their registered traders and investors, then you can refer to the aforementioned chart which has been drafted in order to give you a proper hint of the same.
If you look closely into the chart, then you will find that Kotak Securities provides a trading exposure of up to 20X on Equity Intraday Trading & Equity Options Trading.
Upto 15X on Currency Options Trading, up to 10X on Commodities trading, Currency Futures Trading, Equity Delivery Trading and Equity Futures Trading.
However, in any condition that you still get stuck up on what kind of exposure you will be getting on a certain trade you are about to commence so as to get a proper hint of the additional stocks you can get, then you must most definitely take the help of their dedicated Margin Calculator Tool that goes by the name of Kotak Securities Margin Calculator.
The tool can help you to calculate the exact amount of leverage you will be getting from the brokerage house over multiple segments like Intraday, Delivery, F&O, Currency & Commodity, thereby, helping you to get a glimpse of the total number of additional stocks you can buy with the very same amount of investment.
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Kotak Securities Trading Platforms
Kotak Securities has always believed in leading the market by embracing and implementing new technologies. And more than often, they have pioneered the new and completely unorthodox tech so as to give an edge to their respective clients.
As of today, they have the following remote trading platforms to offer to their respective clients.
| Trading Platforms | |
| Desktop Platform – Windows | Yes |
| Desktop Platform – Mac | Yes |
| Desktop Browser Platform | Yes |
| Mobile Site Platform | Yes |
| Android App Platform | Yes |
| iOS App Platform | Yes |
| Windows App Platform | No |
| Other Mobile OS Platform | No |
| Real time Updates | Yes |
| Portfolio Details | Yes |
| Online MF Buy | Yes |
| News Flash | Yes |
| Research Reports | Yes |
| Easy Installation | Yes |
| Global Indices | Yes |
| Stock Tips | Yes |
| Personalized Advisory | Yes |
| Interactive Charts | Yes |
| Live Markets | Yes |
| SMS Alerts | Yes |
| Email Alerts | Yes |
| Multi Account Management | Yes |
The various Trading Platforms are –
Kotak Securities Keat Pro X – Kotak Securities Trading Terminal
As you must already guessed, Kotak Securities has developed their very own dedicated browser based trading platform by the name of KEAT Pro X.
KEAT Pro X is an extremely high speed browser based trading platform that enables the users to keep a track of the live market, trade online across BSE and NSE and also manage their respective portfolios.
It has the following features:-
- The Terminal is capable of keeping tabs on your portfolio in terms of it’s performance even on a minute to minute basis.
- This Trading Platform allows the users to access all the research and advisory being provided by the brokerage firm’s dedicated team of professionals on a real time basis so as to be able to make informed trades and increase the chances of their respective profits.
- Keat Pro X enables the users to get real time access to the ongoing and news of the BSE, the NSE and more.
- This Platform enable the users to create their very own personalized watch lists in order to keep a track of certain stocks across several exchanges and indices in real time.
- It also enable the users to combine various script from the BSE, NSE and other market within a single watch list. Furthermore, all the watch lists created in KEAT Pro X can also be found on the same user’s account on other Kotak’s Platforms
- The platform grants the users exclusive access to a variety of unique charting tools in order to make graphs and charts and thereby project the past and future performance of any particular scrip.
Kotak Stock Trader – Kotak Securities Mobile App
Kotak Securities is perhaps one of the few full service brokerage houses in the nation who provide a mobile app to their respective users that is compatible across the Android, IOs as well as the Windows mobile platforms.
The app has been named Kotak as Kotak Stock Trader and comprises of the following features:-
- It enables the users to buy and sell securities as well as to cancel and modify orders on the Bombay Stock Exchange and the National Stock Exchange on the go. It also enables the users to set their respective stop loss price and trigger price.
- The app enables the users to check their respective holdings and positions in real time.
- It grants the users to access live quotes, intraday charts, tips as well as track market movements in real time.
- The app enables the users to create personalized watch lists and hence keep a track of the scrips of their choice.
- It enables the users to execute hassle free transfer of funds between their respective bank accounts and online trading account.
- The users are also enabled to check the available funds as well as the total margin left on their respective accounts by simply clicking on the ‘Available Funds’ option.
- The mobile app uses the existing order routing system of Kotak Securities and is secured using HTTPS. Typically speaking, it brings into use AES 128 bit encryption that is the highest level of encryption available for mobile share trading software.
The apps can be found in the Google’s Play Store, Apple App Store and Microsoft’s Store by the name of Kotak Stock Trader.
Kotak Securities Fastlane
Kotak Securities has also developed a terminal based trading platform to offer to their respective traders and investors.
The terminal based trading platform that goes by the name of Fastlane, has been developed on JAVA keeping the needs and requirements of the traders and investors who still prefer to trade using a computer that does not have all the new age tech integrations.
The software comes with the following features:-
- Fastlane enables the user to keep a track of their respective open positions across several exchanges and indices.
- It enables the users to keep a check on the available funds in their respective trading accounts in real time.
- This Platform enables the users to get instant and real time access to all sorts of company reports and stock recommendations from the brokerage firm’s dedicated research division.
Apart from these, Kotak Securities has also developed Xtralite which is a fast trading website specifically designed and developed for the users with slower internet connections.
Kotak Securities Customer Care
| Customer Support | |
| Dedicated Dealer | Yes |
| Offline Trading | Yes |
| Online Trading | Yes |
| 24*7 Support | Yes |
| Email Support | Yes |
| Chat Support | No |
| Toll Free Number | 1800 222 299 |
| Branches | 160 |
If you look into the above mentioned chart, you will be able to clearly observe that Kotak Securities has a stronghold in providing customer care services in terms of offline trading, 24 * 7 support, email support, dedicated dealer as well as online support.
They also have a toll free number that can be used to contact them. The number is 1800 222 299. The well adorned brokerage house provides all of the aforementioned services through a network of one hundred and sixty branches spread across the nation.
Kotak Securities Complaints
| Complaints (Current Year) | |
| Lodged in BSE | 185 |
| Resolvd in BSE | 182 |
| Lodged in NSE | 226 |
| Resolved in NSE | 214 |
As you can speculate from the above mentioned table of content, Kotak Securities, as a full service brokerage house received a total of 185 complaints against them in the BSE out of which 182 were resolved and a total of 226 complaints against them in the NSE out of which 214 were resolved.
Kotak Securities Disadvantages
Although a leader in their respective industry, Kotak Securities still have a couple of problems that can prove to be a bit troublesome for the users:-
- Considering the fact that they rely and embrace so much of tech, they still do not provide any sort of chat support.
- They have not been able to resolve all the complaints that were logged against them the previous year.
Kotak Securities Conclusion
Kotak Securities, in itself is a live vision of the future. They have well deservingly attained the heights of success they stand on toady and are ceaselessly evolving to become even better and serve even further. They truly are a brilliant brokerage house.
Open Free Intraday Trading Account with Kotak Securities
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I am new trader and this information was really helpful for me. Just wanted to know how long will it take to open Demat and trading account?Because I want to open account asap… If possible please suggest me e the best company for opening Demat account. Right now I am using BMA wealth Demat account but I get lot of trouble during the trade.
You can opt for the zerodha as they will open your account in minimum time period as i have checked with them and my account got open within 4-6 hours which is the maximum.
Please suggest me if I can open lifetime free Demat and trading account. I am a new trader and I don’t want to invest money for opening Demat account. Please tell me if there are companies that provide free Demat account…