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Kotak Securities Stock Trading, Demat, Brokerage and Reviews


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Kotak Securities Ltd

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

Kotak Securities Stock Broker Review Ratings

124 votes  Rate Kotak Securities

Overall Rating Fees Brokerage Usability Customer Service
Rated 2.7 stars Rated 2.5 stars Rated 2.5 stars Rated 3.4 stars Rated 3.0 stars
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247. Jagadish  Oct 12, 2017 2:20:47 PM IST Reply
Dont ever go with Kotak...they charge you 40% brokerage fees... i trade for 10k...they charged 4750/- as brokerage....can any one make money ?

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
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246. Jagadish  Oct 12, 2017 1:54:26 PM IST Reply
3rd grade brokerage company i have ever seen. Kotak securites.

Ispite of repeated request they dont send any schedule of charges and later they say we charge .04 paise per share for penny stocks...how horrible they are 40% brokerage charges ??

I want to take this up with higher authorities and put a case on them..anyone in for it ?
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245. SAURABH BANSAL  Oct 4, 2017 4:03:09 PM IST Reply
THE BROKERAGE PLANS BEING OFFERED BY YOUR REPRESENTATIVE AND BEING ACTUAL 0.28%DELIEVERY AND 0.2% INTRADAY).YOUR REPRESENTATIVE PERHAPS FOOLED ME JUST TO INCREASE THE NO. OF OPENING A/C S.WHICH IS SHAMEFULL FOR SUCH BIG BRAND NAME LIKE KOTAK.IF U R NOT ABLE TO CHANGE THE BROKERAGE WITH IMMEDIATE EFFECT THEN I WILL BE FORCED TO CLOSE THE A/C WITH IMMEDIATE EFFECT AS I HAVE ALREADY VERBALY ASKED ABOUT THE SAME TO MR. PRASHANT GOYAL KOTAK SECURITIES AGRA.BUT HE DIDNT RESPOND IN ANY CONVIENCING MANNER INSTEAD HE SHOWS HIS INABILITY ABOUT THE SAME.
IF U CANT TELL THE TRUTH TO YOUR CLIENTS THEN PLZ DONT FOOL THEM

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
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244. SANJAY  Sep 11, 2017 9:58:31 AM IST Reply
"one can become a good trader only after losing'''''''' it is an universal truth in the world of trading. But, one starts earning only after replacing them, with a more honest broker as all avoidable losses are then eliminated." This comment is based on 18 month experience as an high volume active trader and posted 6 months after stopping trading with them and are not motivated to address any unsettled personal dispute nor or based on emotional outburst. General Facts - 1.Non transparent account statement formats deliberately manipulated to eliminate clarity. 2.Brokerage 4) Buy and Sell calls - ''''''''so called based on their in house research team'''''''' are doctored with management''''''''s vested interest and driven by targets. They are made with only one purpose - to increase turnover and of course brokerage even at the cost of big losses to clients. Conclusion - Either walk out or pull them to court, not for any personal recovery, but to ensure that fresher traders do not become victims of their clever trap.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
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243. Jayant Barve  Aug 27, 2017 3:03:29 PM IST Reply
Opened on-line account. No word about collection and activation of account despite many mails. Conflicting claims. On one hand they collected Rs 500/- for opening account on the other they say this particular month they have the scheme for Rs 0 account opening charges. No word on refund of Rs 500/- since a month. No counselling of customers ! Total absence of on-line support !

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
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242. Peaceful broker singh  Aug 23, 2017 12:22:20 PM IST Reply
While it site works well it is very elsborate and thus not very simple. There are no guidelines for its use.
The brokerage and Demat charges are high from market standards.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Above Average
Website Usability - Average
Customer Service - Below Average
Overall Experience - Average
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241. Nitin maggo  Aug 21, 2017 4:56:48 PM IST Reply
Brokerage-very poor total kotak securities you are very very poor other changes very high not for mutual funds are you very very poor that you are interested in (F D) yes I have a permanent 6.5 interest par years
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240. KAMESHWAR SINGH  Aug 21, 2017 11:48:20 AM IST Reply
Never open dmat account in Kotak securities

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Very Poor
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239. Sagar Patel  Aug 16, 2017 11:36:28 AM IST Reply
They service is good when we want to ooen account afterwards they even don''t help the customer resolveing query.

Ratings:

Brokerage - Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Below Average
Overall Experience - Below Average
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238. Vishnu Aggarwal  Jul 29, 2017 1:22:11 PM IST Reply
The Other charges are very high , and we talk to agent than the other charges become lower and only genuine charges are applicable now
1. Securities Transaction Tax (STT) (.1 for delivery and .025 for intraday only for (sale+purchase)/2 value)
2. Exchange Transaction i.e. Rs 325 per Crore for equity intraday/delivery at NSE)
3. SEBI Rs 15 per Crore)
4. GST (18% on Brokerage + Exchange Transaction Charges)
5. Stamp Duty (State wise ) , In Delhi (.01 for delivery and .002 for intraday)
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237. Onkar  Jul 13, 2017 4:11:05 PM IST Reply
This is very expensive.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Customer Service - Average
Overall Experience - Below Average
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236. Prashanth.Ch  Jun 30, 2017 8:38:46 PM IST Reply
Brokerage charges are quite expensive.
Usability and customer service is good.
Need to improve further to become more user friendly by reducing brokerage and helping its traders and investors(users).

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Average
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235. Chandra Bhanu  Jun 29, 2017 11:10:57 AM IST Reply
hidden charge and no service

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Below Average
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234. manohar  Jun 15, 2017 1:18:33 PM IST Reply
ridiculous brokerage policy! there is not upper limit. you may ended up apying in huindres as brokerage! avoid this.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Average
Overall Experience - Below Average
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233. Gaurav  Jun 2, 2017 10:16:42 PM IST Reply
The main objective of Kotak securities are making its incomes at any point of way and the overall experience are to bad

I would strongly not recommend to use the "KOTAK SECURITIES"

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
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232. Sadia Ishaque Daruesh  May 9, 2017 11:49:05 PM IST Reply
Terrible service and arrogant people to deal with. I have been trying to close my 3 in 1 account with Kotak Securities and Kotak Bank since last 4 1/2 months with no success. They simply do not respond and are extremely reluctant to close the accounts. I will never recommend anyone to open accounts with them.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
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231. Rakshith  Apr 1, 2017 2:42:39 PM IST Reply
Brokerage charge is too high

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
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230. ANKIT  Mar 26, 2017 11:40:04 PM IST Reply
BCOZ IT CHARGE TOO MUCH

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Excellent
Customer Service - Average
Overall Experience - Below Average
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229. Tanuj Baru  Mar 23, 2017 4:50:40 PM IST Reply
The app is pretty easy to use and neat. Fees are on the higher side.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
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228. amit  Mar 15, 2017 8:42:31 AM IST Reply
worst customer service

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
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228.1. Dalip Singh  Mar 16, 2017 8:30:26 AM IST
I totally agree with you.Worst customer service as the agents lack product knowledge and One has to repeatedly be after them to email you the las year''s financial statements in order to file your IT returns.Brokerage too is high.

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