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Kotak Securities Vs Zerodha Share Broker Comparison

The side-by-side comparison of Kotak Securities Ltd and Zerodha stock brokers in India. The comparison below highlights the similarities and differences between Kotak Securities and Zerodha's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Kotak Securities and Zerodha.

  Kotak Securities Ltd Zerodha
 
Kotak Securities Ltd Logo Zerodha Logo
About the Broker Kotak Securities Ltd, a subsidiary of Kotak Mahindra Bank was founded in 1994. They offers stock broking services and distributes financial products in India. They have 1209 branches, franchisees and satellite offices offers services to 11.95 Lakh cu... Know more about Kotak Securities Ltd Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh... Know more about Zerodha
Type of Broker What is this parameter? Full Service Broker Discount Broker
Supported Exchnage What is this parameter? BSE, NSE, MCX-SX, MCX, NCDEX NSE, BSE, MCX and NCDEX
Account Type What is this parameter? Fixed Brokerage Plan Standard Plan
Broker Enquiry Open an Online Trading Account with Kotak Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Kotak Securities Ltd Zerodha
Trading Account Opening Fees What is this parameter? Rs 750 ₹300
Trading Account AMC What is this parameter? Rs 0 ₹0 (Free)
Demat Account Opening Fees What is this parameter? Rs 0 ₹100
Demat Account AMC What is this parameter? Rs 600 ₹300
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Kotak Securities Ltd Zerodha
Account Type Fixed Brokerage Plan Standard Plan
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.49% ₹0 (Free)
Equity Intraday Brokerage What is this parameter? 0.049% ₹20 per executed order
Equity Futures Brokerage What is this parameter? 0.049% ₹20 per executed order
Equity Options Brokerage What is this parameter? Rs 300 ₹20 per executed order
Currency Futures Trading Brokerage What is this parameter? ₹20 per executed order
Currency Options Trading Brokerage What is this parameter? ₹20 per executed order
Commodity Trading Brokerage What is this parameter? 0.070% ₹20 per executed order

Brokerage Plan 2

  Kotak Securities Ltd Zerodha
Account Type Dynamic Brokerage Plan Standard Plan
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.59% to 0.30% ₹0 (Free)
Equity Intraday Brokerage What is this parameter? 0.06% to 0.05% ₹20 per executed order
Equity Futures Brokerage What is this parameter? 0.07% to 0.05% ₹20 per executed order
Equity Options Brokerage What is this parameter? 2.5% to 1.8% ₹20 per executed order
Currency Futures Trading Brokerage What is this parameter? 0.04% or Rs 20 per lot ₹20 per executed order
Currency Options Trading Brokerage What is this parameter? Rs 20 to Rs 7.5 per lot ₹20 per executed order
Commodity Trading Brokerage What is this parameter? ₹20 per executed order

Other Charges

Minimum Brokerage Charges What is this parameter? 4 paise for delivery and 3 paise for Intraday and Futures orders Rs 0
Other Brokerage Charges What is this parameter? 0.01% or Rs 20 per executed order, whichever is lower.
Call & Trade Charges What is this parameter? ₹20 per executed order
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Taxes

  Kotak Securities Ltd Zerodha
Securities Transaction Tax (STT) What is this parameter?
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Kotak Securities Ltd Zerodha
Equity Delivery What is this parameter? NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Intraday What is this parameter? NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Futures What is this parameter? NSE ₹210 per crore | BSE ₹1 per trade (each side)
Equity Options What is this parameter? NSE ₹5300 per crore | BSE ₹1 per trade (each side)
Currency Futures What is this parameter? NSE ₹135 per crore (0.00135%)
Currency Options What is this parameter? NSE ₹4400 (on premium) per crore (0.044%)
Commodity What is this parameter? Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore
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Exposure

  Kotak Securities Ltd Zerodha
Equity Delivery What is this parameter? 1x (no margin)
Equity Intraday What is this parameter? Up to 20x (based on the stock)
Equity Futures What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
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Share Broker Features

  Kotak Securities Ltd Zerodha
3 in 1 Account What is this parameter? Yes No
Mobile Trading What is this parameter? Yes Yes
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No Yes
After Trading Hour Orders What is this parameter? Yes Yes
Good Till Cancelled (GTC) What is this parameter? Yes No
SMS Alerts What is this parameter? Yes No
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? Yes No
Margin Trading Funding Available What is this parameter? No No
Combined Ledger for Equity and Commodity What is this parameter? No No
Trading Platform What is this parameter? Pi, Kite, NEST
Intraday Square-off Time What is this parameter? 3:10 PM
Other Features What is this parameter? Trading software terminal: Keat Pro X
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Broker Ratings (Average User Rating)

  Kotak Securities Ltd Zerodha
  121 Customer Reviews    Rate Kotak Securities 278 Customer Reviews    Rate Zerodha
Fees Ratings 2.5 3.9
Trading Brokerage Rating 2.5 4.5
Trading Platform Usability 3.4 3.7
Customer Service Ratings 3.1 3.7
Overall Ratings Rated 2.7 stars Rated 3.9 stars
Broker Rating Kotak Securities is Rated 2.7 / 5 based on 121 customer reviews Zerodha is Rated 3.9 / 5 based on 278 customer reviews
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Contact Broker / Request A Call Back

  Kotak Securities Ltd Zerodha
Contact / Request Call Back
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Investment Options Available

  Kotak Securities Ltd Zerodha
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? Yes Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? Yes No
Mutual Funds What is this parameter? Yes Yes
Bond / NCD What is this parameter? Yes No
Debt What is this parameter? No No
Other Investment Options What is this parameter?
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Customer Service Offered

  Kotak Securities Ltd Zerodha
24/7 Customer Service What is this parameter? No No
Email Support What is this parameter? Yes Yes
Onine Live Chat What is this parameter? Yes No
Phone Support What is this parameter? Yes Yes
Toll Free Number What is this parameter? Yes No
Through Branches What is this parameter? Yes No
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Research / Tips / Reports Published

  Kotak Securities Ltd Zerodha
Daily Market Report What is this parameter? Yes No
Free Tips What is this parameter? Yes No
Quarterly Result Analysis What is this parameter? Yes No
News Alerts What is this parameter? Yes No
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Suitable for Investor Category

  Kotak Securities Ltd Zerodha
Casual Investor What is this parameter? Yes
Active Investor What is this parameter? Yes Yes
Trader What is this parameter? Yes

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Pros, Cons and Other Review Comments

  Kotak Securities Ltd Zerodha
Pros What is this parameter?
  • Offers 3-in-1 Account.
  • Kotak Security is a full services broker offering wide range of investment options and research reports.
  • Kotak Securities has extended network of 1400+ branches across India.
  • It offers 3-in-1 account, the combination of broker account, bank account and a demat account. All these accounts are linked together and work seamlessly to make stock market investment very easy especially for beginners in stock market.
  • Kotak offers 5 different trading platforms to fulfill almost all customer requirements.

More Advantages...

  • Zerodha offer equity delivery trades for free.
  • The discount broker offering simple flat fee brokerage service.
  • Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • Offer Fully Automated Trading and Semi-Automated Trading through its plug-in with AmiBroker, the popular Technical Analysis Software.
  • After Market Orders (AMO) can be placed between 6:30 PM to 9:15 AM.
  • Zerodha offers 10% referral credit to its customers.
  • Unlike most discount broker, Zerodha has its own DP services which are cheaper.

More Advantages...

Cons What is this parameter?
  • The brokerage changed by them of higher than the discount brokers.
  • Commodity trading is available through another company 'Kotak Commodity Services Ltd'.

More Disadvantages...

  • Zerodha doesn't offer currency derivatives trading at BSE.
  • Call & Trade is charged at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, FPO, Offer For Sale (OFS), Bond and NCD's.
  • Doesn't provide stock tips or recommendations.
  • No margin funding available.
  • Good Till Cancelled (GTC) is only available in Commodities. GTC is not available in Equity.

More Disadvantages...

Reviews What is this parameter? Useful Articles about Zerodha:
Promo / Offers What is this parameter?
Zerodha Discount

Rs 100 Off on Online Account Opening

Get Rs 100 discount when you open online trading account with Zerodha. Simply leave your contact information with us and Zerodha representatives will call you.

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