The BEST IPO INFORMATION PORTAL

Kotak Securities Stock Trading, Demat, Brokerage and Reviews


Kotak Securities Logo

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

92 votes  Rate Kotak Securities

Overall Rating Fees Brokerage Usability Customer Service
Rated 2.8 stars Rated 2.6 stars Rated 2.7 stars Rated 3.4 stars Rated 3.2 stars
avatar
129. Rohit Awasthi  Sep 18, 2014 9:26:26 AM IST Reply
TOO Much High Brokerages.... Just Too MUCH.. 2.5% Brokerages applied to my tradings.

I traded IRB Infra share INTRADAY at around 255 and brokerages were around 6.40 Rs. WORST BROKERAGES EVER. THEY TOLD THat brokerages for INTRADAY is 0.049 %, But calculating Intraday brokerages with comparing 2.5 percent and 21 Rs and Delivery Brokerages. WORST...
avatar
128. Aditya  Sep 18, 2014 2:13:50 AM IST Reply
In few days I was about to open a demat account with Kotak securities, but here it seems they are hidden charges and not good for beginner investors.
avatar
127. Vishnu Vardhan  Sep 15, 2014 7:35:53 AM IST Reply
I''m trading in Kotak Securities for more than 2 years. I didn''t have any problem initially, but, whenever I''m going for some customer support I''m seriously disappointed. I recently opted to change my offline account to an online account. I have given all the necessary papers there is no proper response from them whenever I''m trying to contact. They actually told the processing time would be 2 days, but, its been 15 days since i submitted the forms. I''m seriously disappointed with their service. If no proper action is taken in the next few days, i have no other option than quitting Kotak Securities.
avatar
126. Yogesh  Sep 13, 2014 4:59:32 PM IST Reply
I thought to open my account in Kotak securities as their on paper brokerages are very less for intra day trading....But after seeing all of these comments I am not opening the account...Thanks for all for posting and letting know others the actual situation...
avatar
125. singh  Sep 11, 2014 4:59:43 PM IST Reply
very very poor i want to rate -5/5
lot of hidden charges, very bad service
very high brokerage. you can''t make profit with kotak
they never tell truth always fake commitments
continue balance deducting when ask for charges they will tell you for this for that this mention there you can check it go with link uuffufff so i don''t it
i opened a a/c with RKSV now i happy with RKSV
i applied for closed my kotak a/c but kotak is not closing it..i lost of money so please don''t go with Kotak

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
124. Amit  Sep 7, 2014 1:06:18 PM IST Reply
I hv open my a/c before 2 month
And now my balance is only rs 3015.47 /-
Left in my trading a/ c
After selling my whole holding
As i am a student
I am shock to c this.. .
Lots of hidden charge....
So dear....never open in this
avatar
123. Piyush  Aug 28, 2014 7:08:44 PM IST Reply
My experience with kotak securities is worst i never suggest any one for kotak. Whatever they say they never follow. Even i got mail from there side that they will remove maximum brokerage concept from my account then also they are charging as the same, no meaning of there words, Now i am going to close the account.
avatar
122. ANITA  Aug 14, 2014 9:05:41 PM IST Reply
Bahut hi bakwas Company hai AC opening ke waqt sirf brokerage batate hai phir welcome letter mai kai faltu charges invocation of pledge 0.4% minimum 30/-pledge charges0.5% minimum 30/-AMC to 600/-debit transaction 0.4% hai minum 27 rupe to katenge hi baqi rema dema certificate woh bhi kat ta rahega pehle bolenge trinity mai saving ac zero balance hai par wahan bhi katenge amc JHHHOTA BANK !!! aur kitne aur kaise charges katenge agar aap C.A. hai tab bhi nahi samajh payenge !!! mat khulwana doston !!! please ...
avatar
122.1. Rajeev  Aug 21, 2014 10:32:27 AM IST
Hi Anita,

I''m beginner in this field, where u think to open demat/trading account.
avatar
121. murthy  Aug 12, 2014 10:24:42 PM IST Reply
AMC is high compared to other brokers. hidden charges are more.unable to understand the charges.for small amount traders it is not at beneficial.i would not recommend this. iam planning to shift to inida bulls.

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Customer Service - Very Poor
Overall Experience - below average
avatar
120. Anil Sharma  Aug 7, 2014 1:40:19 PM IST Reply
Can you please define how you are calculating your intraday brokerage charges.
Like if i BUY 100 share @ 56 and SELL 100 share @57, then how you calculate brokerages.
Note:I am existing customer of Kotak Securites
avatar
120.1. venkateshwara  Oct 28, 2014 1:25:25 AM IST
Hai Anill Sharma,
your Total Turnover is 11,300 and your intraday brokerage of 0.5% will be (11,300 *0.5/100 = 56.50 )
avatar
119. Subrat  Aug 6, 2014 8:31:46 PM IST Reply
I have account with Kotak securities. I am not frequent trader, so their customer care called me and told me that if I do not trade atleast once in 3 months my account will be blocked. They did not tell that to me during account opening
IT WAS REALLY DISSAPOINTING
avatar
118. jomit  Jul 29, 2014 10:02:50 AM IST Reply
after seeing all the review i decided not to open an account
avatar
117. ANITA GUPTA  Jul 22, 2014 1:01:01 PM IST Reply
Demat to Bank transfer fund takes 1 day, no square off option, Hidden brokerages very high. No option for choosing Intraday/Delivery. Actual brokerages are much higher than stated above.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
116. Harsh Vardhan Shrotriya  Jul 15, 2014 1:27:48 PM IST Reply
Hi,

Please AVOID Kotak Securities!! I am an existing customer(DP ID with Kotak Securities: IN300214) and how I pity myself for choosing this bank. They will NOT tell you all the charges and hidden charges will start appearing in your account 3 months after your purchases. So, if you do not follow your transactions carefully, they will slowly bleed you.
AVOID at all costs.
avatar
116.1. kotak securities  Jul 16, 2014 10:41:31 AM IST
Hi Harsh,

Thank you for sharing your details with us. Our customer service team will get in touch to understand and address your concerns at the earliest.

Regards,
Team Kotak Securities.
avatar
115. Subhash  Jul 2, 2014 12:11:01 PM IST Reply
I am a new customer of Kotak securities and its very bad to me so i open a a/c with it they take almost 1 month to open it and after that they only open
demat a/c but i told them for 3 in 1 its ok but i told them for online and they open it as offline and i am still waiting for change offline to online i called many they transfers my call round and round no one is try to help first they will said it will we convert with 2 days and your kit coming from Mumbai so please wait, I am till waiting for that, I must be close it after few days ..very bad experience
avatar
114. saimahesh  Jun 25, 2014 5:05:33 PM IST Reply
Don''t go for kotak, before opening account they will say one brokerage value after traded starting they will charge max brokerage value. i have experienced for 1month and now i m going to close account.
overall 1/5
avatar
114.1. balu  Jul 5, 2014 6:45:24 PM IST
Same problem in my case also, for opening 3 in 1 a/c they told 5000. But I have given all documents and I signed in all doc''s . Finally when I given cheque they asked me give cheque 20000, i asked y ? For opening a/c you have give 20000 in that time only we will open a/c. I surprised by this word''s becaI m working in union bank of india, central office , mumbai and I m doing trading from past 3 years with sbicapsec.
finally I told, even international banks also not taking this much money for opening a/c. I don''t want ur banks a/c.
avatar
113. Karthik Kumar PJ  May 17, 2014 9:41:43 PM IST Reply
Criteria Rating

1.AMC is high compared to other brokers 1/5
2.Customer service is very competent and professional 5/5
3.Minimum 21.40 per trade if it is below 10,000,
so it you trade 1000 5 times with different scrips, its 107/-
almost 1% brokerage, very poor 0/5
4.Brokerage value is good 0.3 for delivery,
0.03 for intraday/Futures 4/5
5.Excellent software and mobile app 5/5
6.You always have to maintain 1000/- balance in t
rading a/c with no interest 0/5

Overall 2.5/5
avatar
113.1. kotak securities  May 19, 2014 12:59:40 PM IST
Dear Mr.Kumar,

Thank you for your feedback.

Regards,
Team Kotak Securities
avatar
113.2. Harsh Vardhan Shrotriya  Jul 15, 2014 1:32:08 PM IST
Why forget the fact that APART from brokerage on Sell, for each sale of script you also need to pay 0.04% or around Rs 30 minimum? Try trading with these numbers...:-) So, basically every time you sell you pay almost double the charges than others...

Existing Customer
avatar
112. Nithin  May 15, 2014 12:46:22 PM IST Reply
1. Charges are very high , which i realised after trading.
2. The sales executive lie a lot - during opening of account they show a very low brokerage, but on trading I find that lot of hidden charges were not explained .
3. The sales executive are not fully trained .
4. Kotec securities is not profitable for intraday traders - we lose lot of money gained on brokerage. I will not recommend this to any one
avatar
112.1. Harsh Vardhan Shrotriya  Jul 15, 2014 1:34:06 PM IST
I second what Nithin has said. Enough warnings on this page for Hidden Charges with Kotak Securities. Still I made the mistake. Anyone else having time and money to waste on these hidden charges is welcome to waste on them..
avatar
112.2. abhi  Sep 13, 2014 2:31:48 PM IST
thanks for saving me
me isi me account khulwane wla tha.....
avatar
111. sahil  May 11, 2014 2:32:01 PM IST Reply
Don''t believe on kotak securities. Too much hidden charges

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Excellent
Overall Experience - Below Average
avatar
110. Chandan Roy  Apr 10, 2014 12:27:27 AM IST Reply
Most bogus broker I have experienced. Don''t believe the person and the brokerage norms of this Brokerage firm. They are promising some thing when to open the account after that they telling some new norms and criteria regarding the brokerage. For best brokerage system you can open an account in "Trade Smart Online", which is the best brokerage company I have experienced in India. After cheating from Kotak Security I have switched over to Trade smart online.

Enquire Kotak Securities Trading Account:

Name:Phone:
Email:City:
State:
Are you a day trader?
special_offers
By Popular Stock Brokers

SAS Online Stock Trading, Demat, Brokerage and Reviews  SAS Online

Rs 999 for Unlimited Trading

Get Free Trading Account

Zerodha  Zerodha

Free Equity Delivery Trades
Flat Rs 20 Per Trade for F&O

Rs 100 off on account opening* + 100% brokerage refund if in 60 days you have made net profits

Enquire Now
(* on online account opening)

Trade Smart Online (TSO)  Trade Smart Online

Flat Rs 15 Per Trade

100% cash back on 30 days brokerage (up to Rs 1000)

Get This Exclusive Offer

Ventura

Brokerage: Intraday @ 0.02%, Delivery @ 0.15%

Rs 0 account opening fee
(Rs 400 waived)

Request Demo

Sharekhan

Beginner, seasoned investor, active trader or HNI. Get customised solutions.

Rs 0 account opening fee on Online Trading and a Demat Account
(Rs 1150 waived)

Request Call Back



More About Brokers

Special Offers Broker Reports

Message Board

Discussion Forum


Search Chittorgarh.com:

Translate Chittorgarh.com: