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Kotak Securities Vs Fyers (Compare Kotak Securities and Fyers)

About Kotak Securities
Incorporated in 1994, Kotak Securities Ltd is a full-service stock broker offering 3-in-1 account (Bank + Trading + Demat Account) to retail investors in India. It offers investment in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers services like Research SMS, margin trading, depository services and third-party products like insurance. The company also provides direct access to the US markets. Kotak Securities is a subsidiary of Kotak Mahindra Bank, one ...

Kotak Securities Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs

About Fyers
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of 'Focus Your Energy & Reform the Self', representing the core values of the company. The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in...

Fyers Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs

Kotak Securities Vs Fyers

Incorporated in 1994, Kotak Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 153 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India.

	Kotak Securities	Fyers
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX, NCDEX	NSE, MCX
Year of Incorporation	1994	2015
Number of Branches	153	0
	Open Kotak Securities Account	Open Fyers Account

Kotak Securities Vs Fyers Charges & AMC

Kotak Securities trading account opening charges is Rs 99 while Fyers account opening changes is Rs 0 (Free). Kotak Securities Demat Account AMC Charges is Rs 600 and Fyers Demat Account AMC Charges is Rs 0 (Free).

	Kotak Securities	Fyers
Trading Account Opening Charges	Rs 99	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free)
Demat Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account AMC Charges	Rs 600	Rs 0 (Free)

Kotak Securities Vs Fyers Brokerage

Kotak Securities brokerage charges for equity is 0.25% (Minimum Rs 20 per trade) and intraday is Free whereas Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.

Account Type	Kotak Securities Trade Free Plan	Fyers Flat Fee Brokerage Plan
Fixed Charges		NA
Equity Delivery	0.25% (Minimum Rs 20 per trade)	Rs 0 (Free)
Equity Intraday	Free	Rs 20 per executed order or .03% whichever is lower
Equity Futures	Delivery: Rs 20 per trade \| Intraday: Free	Rs 20 per executed order or .03% whichever is lower
Equity Options	Delivery: Rs 20 per trade \| Intraday: Free	Rs 20 per executed order
Currency Futures	Delivery: Rs 20 per trade \| Intraday: Free	Rs 20 per executed order or .03% whichever is lower
Currency Options	Delivery: Rs 20 per trade \| Intraday: Free	Rs 20 per executed order
Commodity Futures	Delivery: Rs 20 per trade \| Intraday: Free	Rs 20 per executed order or .03% whichever is lower
Commodity Options	Delivery: Rs 20 per trade \| Intraday: Free	Rs 20 per executed order
Special Offer	Special Offer: Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade. Open Instant Account Now	Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

Kotak Securities Vs Fyers Brokerage Plan 2

	Kotak Securities	Fyers
Account Type	Dealer Assisted Plan	Flat Fee Brokerage Plan
Fixed Charges	Rs 499 (One Time)	NA
Equity Delivery	0.39%	Rs 0 (Free)
Equity Intraday	0.039%	Rs 20 per executed order or .03% whichever is lower
Equity Futures	0.039%	Rs 20 per executed order or .03% whichever is lower
Equity Options	Rs 39 per lot	Rs 20 per executed order
Currency Futures	Rs 9 per lot	Rs 20 per executed order or .03% whichever is lower
Currency Options	Rs 5 per lot	Rs 20 per executed order
Commodity Futures	0.039%	Rs 20 per executed order or .03% whichever is lower
Commodity Options	Rs 39 per lot	Rs 20 per executed order
	Open Kotak Securities Account	Open Fyers Account

Kotak Securities Charges Vs Fyers

Minimum Brokerage	Rs 21 per executed order	Intra-day: Rs 7 or 2.5% whichever is lower
Other Charges		Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments)
Call & Trade Charges	Rs 50 per call	Rs 20 per trade

Kotak Securities Vs Fyers Transaction Charges

Kotak Securities transaction charges for options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) while Fyers exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).

	Kotak Securities	Fyers
Equity Delivery	NSE Rs 335 per Cr (0.00335%) \| BSE Rs 375 per Cr (0.00375%) (each side)	NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday	NSE Rs 335 per Cr (0.00335%) \| BSE Rs 375 per Cr (0.00375%) (sell side)	NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures	NSE Rs 200 per Cr (0.002%) \| BSE Rs 0	NSE Rs 190 per Cr (0.0019%) \| BSE Rs 0
Equity Options	NSE Rs 5050 per Cr (0.0505%) \| BSE Rs 500 per Cr (0.005%) (on premium)	NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures	NSE Rs 95 per Cr (0.00095%) \| BSE Rs 22 per Cr (0.00022%)	NSE Rs 90 per Cr (0.0009%) \| BSE Rs 90 per Cr (0.0009%)
Currency Options	NSE Rs 3700 per Cr (0.037%) \| BSE Rs 100 per Cr (0.001%) (on premium)	NSE Rs 3500 per Cr (0.035%) (on premium)
Commodity	MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006% \| Commodity Options: MCX : 0.05% & 0 for NCDEX	NA
	Open Kotak Securities Account	Open Fyers Account

Kotak Securities Vs Fyers Leverage (Margin)

Kotak Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Fyers margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	Kotak Securities	Fyers
Equity Delivery	100% of trade value (1x leverage)	100% of trade value (1x leverage)
Equity Intraday	Up to 20% of trade value (5x leverage)	Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm)	100% of NRML margin (Span + Exposure) (1x leverage)	100% of NRML margin (Span + Exposure) (1x leverage)
	Open Kotak Securities Account	Open Fyers Account

Compare Kotak Securities and Fyers Features

The trading platforms offered Kotak Securities include Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite. Fyers offers Fyers One (In-house build) trading software.

	Kotak Securities	Fyers
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite	Fyers One (In-house build)
Intraday Square-off Time		3:20 PM
Trading In SME Shares Allowed?
Referral Program
Other Features	3-in-1 account	Brokerage free thematic investing is available
	Open Kotak Securities Account	Open Fyers Account

Kotak Securities Vs Fyers Review

Kotak Securities is rated 2.4 of 5 based on 197 customer reviews whereas Fyers is rated 2.9 of 5 based on 34 customer reviews.

	Kotak Securities	Fyers
	197 Customer Reviews	34 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Kotak Securities is rated 2.4 of 5 based on 197 customer reviews	Fyers is rated 2.9 of 5 based on 34 customer reviews

Contact Broker / Request A Call Back

	Kotak Securities Enquire	Fyers Enquire
Contact Broker	Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade. Open Instant Account Now	Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

Kotak Securities Vs Fyers Investment Options

	Kotak Securities	Fyers
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Kotak Securities Vs Fyers Order Type Offered

	Kotak Securities	Fyers
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open Kotak Securities Account	Open Fyers Account

Kotak Securities Vs Fyers Research Report

	Kotak Securities	Fyers
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Kotak Securities Vs Fyers Suitable For Investor Type

	Kotak Securities	Fyers
Casual Investor
Active Investor
Trader

Kotak Securities Vs Fyers - Pros and Cons

	Kotak Securities	Fyers
Pros	Kotak Securities is a bank-based broker offering a 3-in-1 account. Brokerage free intraday trading with online trading plans. Zero brokerage across all segments for investors up to the age of 30 years. Company is part of leading private bank (Kotak Mahindra Bank). NEST trading platform is available for frequent traders. Charges are lowest amoung bank-based brokers.	Free equity delivery trades and thematic investments. No brokerage for this segment. Very low brokerage charges of maximum Rs 20 per trade. Free account opening. No software charges. State of art trading platforms. Thematic investment is available Refer your friends and earn 20% of the revenues generated by your friends, for life!
Cons	High Equity delivery brokerage charges. High demat AMC changes (Rs 66 per month). Kotak Securities website and mobile app is not as good as new age brokers like Zerodha and Upstox. A widely advertised Zero Brokerage Plan is available only to investors up to the age of 30 years. The customer has to pay a yearly plan subscription fee of Rs 499. Very high brokerage in dealer-assisted brokerage plan. Margin-funding facility causes confusion amount investors who ended up paying high interest charges unknowingly.	Depository services are offered through another company (IL&FS). Higher demat charges. No branch offices. No good 'til canceled (GTC) orders.
Reviews
Promo / Offers	Kotak Securities Special Offer Kotak Securities Trade Free Plan Open a 3-in-1 account and get: Brokerage-Free Intraday trades (Equity and F&O). Flat Rs. 20 per trade brokerage in F&O Interested in opening a trading account? Open Instant Account Now	Fyers Special Offer Free Equity Delivery Trading and Mutual Funds Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O. Brokerage-free Direct Mutual Fund investment. Trade with one of the best trading platforms in India. This is a limited-time offer. Open FREE Fyers Account online and start trading today.
	Open Kotak Securities Account	Open Fyers Account

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