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Kotak Securities Stock Trading, Demat, Brokerage and Reviews


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Kotak Securities Ltd

Incorporated in 1994, Kotak Securities is a full services broker part of popular India based Kotak Mahindra Bank. The bank has over 1400 branches across India servicing more than 8 lakh customers. Kotak Securities Limited is among the largest trad... Know more about Kotak Securities Ltd

Kotak Securities Stock Broker Review Ratings

88 votes  Rate Kotak Securities

Overall Rating Fees Brokerage Usability Customer Service
Rated 2.9 stars Rated 2.7 stars Rated 2.7 stars Rated 3.4 stars Rated 3.2 stars
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168. Robin  Apr 20, 2015 12:01:19 AM IST Reply
I thought of opening trading&demat account with kotak, but seeing all these negative reviews by the kotak customers I changed my mind and don''t want to waste my hard earned money and now I have to look for another broking
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167. Bala  Mar 30, 2015 3:56:02 PM IST Reply
I am thinking to open demat account in kotak securities Ltd. Give me suggestion about Kotak services....
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166. Karthik Kumar  Mar 21, 2015 5:13:00 PM IST Reply
Hi All,
Those who are wanting open with Kotak, read this post as I am a former client of Kotak, with whom I closed my account recently after I couldn''t take their unfair outright cheating brokrage practices.

#1 If you are an options trader, then Kotak is a nightmare come true. Before closing my account I did a BankNifty option trade with them. The total cost of the option was 10,000. I sold it for a profit of 750. When I got the contract note to my shock the total brokrage was 250+250 (Buy+Sell)!!!!!! When I contact Kotak, they said the brokrage will always be "Whichever is higher"!! I opened my account with Reliance, now paying a brokrage of 55 Flat per lot, but will soon open account with RKSV, they are flat 20 per trade.

Go for Kotak if you want to fund their thousands of offices accross India. If you want to keep 99%+ of your total profits go for RKSV/Zerodha.

PS:Did I also mention a minimum brokrage of 21 for equity?
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165. Ajit  Mar 14, 2015 9:44:48 PM IST Reply
Sir, I want to open only trading account with Kotak Securities as I trade only in F&O. Can I get KeatPro for this??
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164. venkstesh  Mar 14, 2015 5:40:39 PM IST Reply
I am using the services of kotak securities. They are fraud,charge high brokerage, never get in touch with you once your trading account is opened and never respond to your phone calls. Dont waste your hard earned money by going for their services.
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163. AYUSH AGARWAL  Mar 10, 2015 10:11:06 PM IST Reply
I am seriously thinking of changing my broker.

0.59% + tax brokerage on delivery and 675 + tax annual charges despite being a privy account holder. Poor android app. Half of my profits are eaten up by brokerage.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Customer Service - Above Average
Overall Experience - Very Poor
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162. Sunny Sapra  Mar 4, 2015 6:00:19 PM IST Reply
I have account with kotak

one problem is very much high with them.............they change their margin percentage.........in future trade, scrip to scrip..........in between the trade settlement

which leads sometimes unnecssary losses.......due to lack of margin for overbought/sell postions

otherwise my experince is quite satasafactory with them.
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161. Manik  Feb 16, 2015 11:08:20 AM IST Reply
I agree with teh comments below.. After read the comments i still went ahead and open the acocunt with Kotak as I bank with them and being one of premium customer for Kotak I thought they will provide teh brokerage promised.. But to my horror even after the changes deing done on the account opening pages they didn''t up that brokerage / minimum charge but the standard.. Queries to the account opening agent and customer service have not been responded in last 2 weeks... If they do this to teh existing premium customer I can''t beleive what they will do with only securities customer.. Avoid them.. I have been doing broking with sharekhan for 10 years without issue so will continue with them
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161.1. manik  Feb 18, 2015 12:06:28 PM IST
Kotak Securities,

I wrote this message after contacting you on the email id given in teh message as that is teh escalation id.. Your first levcel support atleast acknoledged the complaint.. but I never ever received a response form this email id.. Not sure if escalation works if there is no response.. The query id for first level is 9846072

Manik
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161.2. kotak securities  Feb 24, 2015 9:33:09 AM IST
Hi Manik,

We believe our concerned team has got in touch with you regarding your concerns and the issue has been resolved to your satisfaction. Please do let us know if you require any further assistance.

Regards,
Team Kotak Securities
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161.3. Manik  Feb 24, 2015 11:57:31 AM IST
Kotak Securities,

No one got in touch with me nor called to ask the issue. I do acknoledge I received a email with chnages done to my account, I am not debating if it is to my satisfaction or not as it seems I am banging my head to a wall since last 2 months to get what i signed up an easier to move on than get it resolved.I beleive you have a right to price your product at any level and its my choice to take it or not. Problem is Kotak should have never opened account in first place with a commitment they are not going to fulfill.

But just wanted to put a word saying that yes I did get a response at last.
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160. varun  Feb 12, 2015 1:59:04 PM IST Reply
Why is the. Do charges of Rs 404debited from my account..
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159. randeria  Feb 4, 2015 10:57:19 AM IST Reply
looks like every one has poor experience here ,abt to open new acount here but now i dnt think after so many issue i cn open here..21 cla,poor customer care ,poor information.hidden charges n all
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158. Hemant Kamble  Feb 3, 2015 3:02:27 PM IST Reply
Dear KSL,

I am suffering from loss as your dial n trade executive told me wrong information and told me to do wrong thing the result of that i am suffering the loss and i ask the floor manager to raise the complaint and send the email to me he said ok he will send that but ite more than 1 hours i have not received it please mail me complaint id so i can forward that to sebi to do the further things cos its worst experience with kotak and i will recommend to stay away from kotak
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157. randeria  Feb 1, 2015 4:50:54 PM IST Reply
21rs clause???? no further charges n all...some one guide me here..i hv in nirmal bang dey dnt charge anything like tht.guide me plz
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156. randeria  Feb 1, 2015 4:38:01 PM IST Reply
whats 21rs cla?? i was told tht no further charges ....only 3 paisa and 30 paisa delivery charges..can i open account here..
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155. MANISH NAWAB  Jan 30, 2015 4:34:36 PM IST Reply
IN FUTCHER I PROMISE I CANT SUGESS ANYONE TO DO WORK WITH KOTAKSECURITY AND KOTAKBANK THEY BOTH ARE CHOOSSING CUSTEMERS HARD WORK MONEY I AM HANDICAP PERSON
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154. MANISH NAWAB  Jan 30, 2015 4:17:09 PM IST Reply
KOTAKBANK ANAD KOTAK SECURITY BOTH ARE TOTALLY FROUD IN THE CUSTEMER RILATIONSHIP THEIR MANAGER AND ALL TEAM ARE HAVING A TARGET SO THEY FULL FILL FOR THEIR TARGET THEY ARE FRODING WITH CUSTOMER THEY ARE TOTALLY WRONG PROMISE AND MISGUIDE AND YOUR COSTMER CARE OFFICERS ARE ANSWERING LIKYOU JOIN WITH KOTAK FIRST YOU READ FULL FORM AGAR YOUR MONEY IS HARDWORK I AM CLOSING MY ACCOUNT ON MONDAY
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153. prashanth  Jan 21, 2015 6:00:07 PM IST Reply
Avoid if you want to your hard earned money. I already opened a account with zerodha, currently selling my holdings one by one and transferring them to zerodha.
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152. k mohanan  Jan 15, 2015 7:28:08 PM IST Reply
By reading all these, I decided not to join kotak.
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151. gurumurthy  Jan 9, 2015 11:43:22 AM IST Reply
Kotak charges very high brokerages.very very poor
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150. Suresh  Jan 5, 2015 1:30:26 PM IST Reply
How to convert my demat account to BSDA account??
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149. Dipankar  Jan 3, 2015 2:06:22 PM IST Reply
Hi
At time a/c open they have nt say the hidden brokerage..now they are taking 2% brokerage per unit extra 21/-. Strange..

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