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Kotak Securities Stock Trading, Demat, Brokerage and Reviews 2016


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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 traditional broker in India providing wide range of investment options to its customers including Trading in Equity & Derivatives, Investment in IPO's, Mutual Funds, Fixed Deposits, Bonds and many more share market related investment products.

Kotak Sec is the member of BSE and NSE, the popular stock exchanges in India. Company provides stock trading facilities though many ways including trading terminal, website, mobile application, trading though branches and call & trade.

Like other tradition brokers in India, Kotak offers facility of Margin Finance, Margin against Securities, Fundamental and Technical analysis, Research Reports & Tips, SMS alerts and Portfolio Management Services (PMS).

Kotak Security is also the member of National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) and provides its own depository services to the customers.

The 3-in-1 account is the key offering of Kotak Securities. The Trinity Account [3 in 1 Account] offers 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.

Kotak Securities Rating (by the customers)

94 Votes

Overall Rating Rated 2.9 stars 2.9/5
Fees Rated 2.6 stars 2.6/5
Brokerage Rated 2.7 stars 2.7/5
Usability Rated 3.4 stars 3.4/5
Customer Service Rated 3.2 stars 3.2/5

Do you trade with Kotak Securities? Rate Kotak Securities

Kotak Securities's Trading Platforms

Kotak Securities offers multiple trading platforms to suite investor's requirement. Following are the trading platforms available by Kotak Sec:

  1. Website Based Trading - A stock treading website which can be accessed though any popular Web Browser. This is the most convenient and popular way to invest with Kotak Securities. Kotak also offers a light weight trading website 'Xtralite', which can be used by investors with slow speed internet.
  2. Trading Terminals (KEATProX and FASTLANE) - Kotak offers two different trading terminal based application which are very popular among stock traders. KEATProX is an exe based installable desktop application providing fastest trading experience. FASTLANE is a Java applet based application which gives you a trading terminal kind of experience without any installation on your computer. FASTLANE gives KEATProX like features and the benefits of website based trading as it can be access from anywhere though web browser.
  3. Mobile Stock Trading - Kotak offers high speed mobile based application to trade in Stock Market. Through this mobile app, a customer can Execute Trades, Monitor Portfolio, View Streaming Quotes and Intraday Charts.
  4. Branch Advisory and Call & Trade - Kotak also offers trading facility though its 1400+ branches and though call centers using call & trade facility.

Account Types

Kotak offers different account types according to users requirement:

  1. AutoInvest

    AutoInvest is a unique Online Trading Account which provide investment planning in Gold ETFs (Exchange Traded Funds), Equities and Mutual Funds to their customers. Gold ETFs are mutual fund schemes that will invest the money collected from their investors in standard gold bullion.

    Kotak's advisor gives the recommendation according to investor's risk capability and investment plans. Minimum investment of Rs 5000 required for AutoInvest account.

  2. Kotak Gateway

    Kotak Gateway account opens the gateway to a world of investing opportunities for beginners. Kotak Gateway user can trade anywhere, anytime using internet. Kotak also offers call and trade facility. Investor can also trade Currency Derivative using Kotal gateway account.

    Kotak Securities provide SMS alert, research report, free news and market updates to the account holders. Best feature of Kotak gateway is call and trade facility. Anybody can activate Kotak Gateway account with any amount between Rs 20,000 to 5, 00,000. This can be in form of cash deposit or the value of the shares you buy. Brokerage will be charged based on the account type. For intraday trading brokerage is .06% both sides for less then 25 lakhs and .023% for more then 25 crores.

  3. Kotak Privilege Circle

    Kotak Privilege Circle is the premium investment account offed by Kotak Securities. Along with Kotak Gateway account benefits Kotak provides independent market expertise and support through a dedicated relationship manager and a dedicated customer service desk which provides assistance in opening accounts, handling day-to-day problems, and more. They provides KEAT premium which is an exclusive online tool that lets you monitor what is happening in the market and view your gains and losses in real-time.

    One can activate Kotak Privilege Circle account with any amount more than Rs. 10,00,000 as margin, by way of cash or stock. For intraday trading brokerage is .06% both sides for less then 25 lakhs and .03% for more then 25 crores.

  4. Kotak Freedom for Mutual Fund Investments.
  5. Kotak Super Saver, a Flat Brokerage and a Low Margin account.
  6. PMS (Portfolio Management Service), an account for people who need an expert to help to manage their investments.
  7. NRI Account, a online trading an investment account for NRI investors.
  8. Trinity Account [3-in-1 Account]

    Trinity Account is an integrated account that helps investors enjoy the benefits of a Online Trading Account, Bank Account, Demat Account on a single platform for your securities transaction. This account gives convenience of fund transfer and online trading.

    Kotak 3-in-1 Account

Special offer for our website visitors

Sorry no special offers available by Kotak Securities at this time.

Visit Exclusive Promotions / Offers from Stock Brokers in India webpage for more offers.

Kotak Securities Brokerage Charges 2016

  • Trading Account Opening Charges (One Time): Rs 750
  • Trading Annual maintenance charges (AMC): Rs 0
  • Demat Account Opening Charges (One Time): Rs 0
  • Demat Account Annual Maintenance Charges (AMC): Rs 600 per annum

Trading Brokerages:

1. Fixed Brokerage Plan

Kotak Securities Fixed Brokerage plan is specifically created to the suit the needs of newbies or infrequent traders.

Trading Segment Brokerage Charges
Equity Cash Delivery0.49%
Equity Cash Intraday0.049%
Equity Futures (Both Sides)0.049%
Equity OptionsRs 300 Per Lot
Minimum Brokerage4 paise for delivery and 3 paise for Intraday and Futures orders

2. Dynamic Brokerage Plan

Kotak Securities Dynamic Brokerage Plan is specifically created for those Customer who are frequent traders and looking for a good bargain on their brokerage rates.

Trading Segment Brokerage Charges
Equity Cash Delivery0.59% to 0.30% (For trading amount of '< 1 lakh' to '> 50 lakhs')
Equity Cash Intraday0.06% to 0.05% both sides (For trading amount of '< 25 lakhs' to '> 25 lakhs')
Equity Futures Intraday0.07% to 0.05% both sides (For trading amount of '< 2 crores' to '> 2 crores')
Equity Futures Settlement0.09% to 0.073% both sides (For trading amount of '< 2 crores' to '> 2 crores')
Equity Options Intraday2.5% to 1.8% both sides (For premium of '< 4 lakhs' to '> 11 lakhs')
Equity Options Settlement2.5% to 2.3% both sides (For premium of '< 4 lakhs' to '> 11 lakhs')
Options Minimum (Settlement)Rs 300 to Rs 180 both sides (For premium of '< 4 lakhs' to '> 11 lakhs')
Currency Futures0.04% or Rs 20 per lot, whichever is higher to 0.015% or Rs 7.5 per lot, whichever is higher (For monthly volume of '< 3 Cr' to '> 30 Cr')
Currency Options Rs 20 per lot to Rs 7.5 per lot (For monthly volume of '< 3 Cr' to '> 30 Cr')

Kotak Securities Minimum Brokerage:

  • Cash Delivery: 4 paise per share, OR Rs 21/- per executed order, whichever is higher
  • Intraday: 4 paise per share, OR Rs 21/- per executed order, whichever is higher
  • Equity Futures: 4 paise per share subject to ceiling of 2.5% of contract value

Kotak Securities Demat Account Charges:

Sr Account Head Rate Minimum Payable
1 Dematerialisation Rs 50 per request and Rs 3 per certificate -
2 Rematerialisation Rs 10 for 100 shares Rs 15
3 Debit Transactions - On Market and Off Market 0.04% of the value of securities (Plus NSDL charges as applicable) Rs 27 (Plus NSDL charges as applicable)
4 Account Maintenance Charges
  • Resident Indian
  • NRI
  • Rs 50 per month
  • Rs 75 per month
--
5 Pledge Charges 0.05% of the value of securities Rs 30
6 Invocation of Pledge 0.04% of the value of securities Rs 30
7 Charge for Client Master change intimation Rs 25

Useful Articles:

How to open account with Kotak Securities Ltd?

There are 3 simple ways to open an account with Kotak Sec:

  • Call at one of the below number and ask to open an account with them.
    Toll Free No.: 1800-222-299, 1800-209-9191
  • Visit one of their nearest branches.
  • Fill online account application form on Kotak Securities website.

Contact Kotak Securities / Request Call Back

Name:Phone
EmailCity
State
Are you a day trader?

Kotak Securities Pros and Cons

Kotak Securities Advantages

  1. Kotak Securities website provides wide range of investment options. This includes investment in equity, IPO's, Bonds, FD's, ETF's, Mutual Funds, Currency Derivatives etc.
  2. Along with the online trading facility, customer gets access to 1400+ branches for help on investment and issue resolution.
  3. Kotak Securities provide daily SMS alerts, market pointers, periodical research reports, stock recommendations etc. to help the customers.
  4. Online Chat facility is available to support customer.
  5. Kotak security offers easy integration of trading account with Citibank, HDFC Bank, UTI Bank and Kotak Mahindra Bank.

Kotak Securities Disadvantages

  1. Kotak Securities is a Full Services Broker. The brokerage charged by them is higher than the Discount Brokers.

Kotak Securities Complaints received at BSE / NSE:

Number of customer complained against Kotak Securities Ltd share broker. The Kotak Securities Ltd consumer complaints provide the summary of grievance which went to exchange for resolution.

Kotak Securities Ltd consumer complaints
Exchange Financial Year Number of Clients * Total Complaints **
BSE 2015-16 104,710 32
NSE 2015-16 246,945 140
BSE 2014-15 71,018 24
NSE 2014-15 268,459 151
BSE 2013-14 789,341 38
NSE 2013-14 223,280 188
BSE 2012-13 712,313 46
NSE 2012-13 674,160 197
BSE 2011-12 625,312 85
NSE 2011-12 617,855 163

* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.

** The total number of complaint received against the broker at the given exchange.

Enquiry Form


Kotak Securities Ltd Reviews

avatar
211. M.Chandrashekhar  Jul 15, 2016 9:27:21 AM IST Reply
Brokerage is very high.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Average
Overall Experience - Below Average
avatar
210. Ruchika  Jul 10, 2016 11:48:22 AM IST Reply
I trade through their Mobile Application which is extremely user friendly. Even the Laptop Application KEAT is very good. They allow stock margin for F&O whereas discount brokers do not allow that, so I do not have to pay in cash.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Excellent
avatar
209. abcdef  May 12, 2016 1:44:59 PM IST Reply
Worst broker service ever in the history of trading. Wish I had some -ve stars rating since it deserved that. they took 15+ days to open my account. The site is confusing and when you will call customer care, The representative seems that they are from other world. Few times they took 20+ minutes to help me out.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Below Average
Overall Experience - Very Poor
avatar
208. Pranay  May 5, 2016 11:23:16 PM IST Reply
Never go with Kotak Securities... Poor service as compare with other Securities...
avatar
207. Pranay  Apr 29, 2016 8:37:19 PM IST Reply
Very slow service....I am a account holder in Kotak securities for nearby last four year... My client I''d is 2RGY6...LAST SATURDAY I REQUEST TO KOTAK SECURITIES my account transfer from offline to online.. But after 7 days they will not transfer my account .. And they provide not any information related to this...
avatar
206. prakash  Apr 25, 2016 11:06:31 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
avatar
205. Jalpesh Kamdar  Apr 22, 2016 7:01:15 PM IST Reply
Dear all friends...
Never ever go with Kotak Securities....Too much Hidden charges and indirectly they are eating your invested money....Be careful....If u are doing bulk buying or selling....Be careful....Making all customers fulish.....I lost too much money....I suddenly check all statements and be alert and stop doing stock dealing.....They are playing with your valuable money....
avatar
204. HARI  Apr 16, 2016 8:25:46 AM IST Reply
I AM KOTAK SECURITES TRADING ACCOUNT HOLDER .. I SELL MY SHARES ON MONDAY... AND GIVEN REQUEST FOR MONEY TRANSFER ON WEDNESDAY....
BUT TILL NOW 4 DAYS GONE MONEY NOT TRANFERED.. I CONTACT THE CUSTOMER CARE THEY SAYING AFTER HOLDIAYS EXAMPLE IF 10 DAYS HOLIDAYS I WILL GET MY MONEY AFTER 10 DAYS ONLY .... VERY POOR TREATMENT...
MONET TRANSFER FOR KOTAK SECURITIES FROM BANK TO EQUITY IMMEDIATELY DOING BUT FROM EQUITY TO BANK POOR RESPONSE.. POOR TREATMENT... BE AWARE ....
avatar
203. Rahul Gautam  Apr 5, 2016 9:56:14 PM IST Reply
It''s not for trading. Brokerage + taxes will surely make you cry.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Average
Overall Experience - Average
avatar
202. praveen  Mar 23, 2016 8:22:24 PM IST Reply
I HAVE A KOTAK SECURITIES ACCOUNT LINKED TO INDUSIND BANK. brokerage before levies is rs 201.65 .how can i sell this rate in intraday .plz solve my problem
avatar
201. SMIT  Mar 23, 2016 3:00:37 PM IST Reply
My Clint id at Kotak is SM_NA_1994.as of my experience as customer i just want to say "Kotak is injurious for your financial health"

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
201.1. kotak securities  Mar 28, 2016 11:33:06 AM IST
Hi Smit,

We regret the inconvenience caused. Please be assured that we will look into the matter and address your concerns at the earliest.

Regards,
Team Kotak Securities
avatar
200. Swapna Gokhale  Mar 23, 2016 1:00:40 PM IST Reply
Before few days I filed up the form in order to open Demat with Kotak. Unfortunately they entered wrong e-mail id due to which I couldn''t get the half part of the password required for activation. However after I filed up new form with correct e-mail id, just before 4-5 days....till date my e-mail id is not yet updated....most interestingly branch person is confirming me that it''s already updated....
Lot of miscommunication....
Not able to activate my demat yet....
I don''t know how long I will have to wait...
avatar
199. ANANT KAME  Mar 15, 2016 10:50:11 AM IST Reply
i have an kotak security account I had relized that there are charges are from security side but also from demat side also, single transaction 31 rupees owwwwh. I had shocked ,I had free demat plus treading account but later on charging the demat fee 31 per single transaction . so I also had icici demat plus treading account it is also worst incase means kotak and icici are brothers but kotak security experience is very poor,so for this I am closing this account ASAP.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Below Average
avatar
199.1. Ankit Jain  May 28, 2016 12:59:32 PM IST
All review are right dont open an account in kotak securities nd dont open account in kotak bank. This bank is begger nd chor bank which customer care is also chargeble nd the charges are too high as compared to other securitie nd there customer care I dont ever express their service mind blowing u speak but they not listen nd hold ur phone nd cut ur phone after 15 min nd u also loss ur phone balance such a bank which frustrate custome salute the person who develop such a chor bank in india for lotto indian customer rupees
avatar
199.2. Ankit Jain  May 28, 2016 1:05:51 PM IST
Today I call customer care 3 times nd they put on hold for seprately 15 min each nd dont know my question answer nd cut phone after hold nd my 60 rs balance cut from my account I dont express my frustration about kotak bank nd secuities nd I shout on me for the time when I open an Account in such a f**k off banking.
avatar
198. tushar jagtap  Feb 23, 2016 10:17:32 PM IST Reply
Kotak is best then sbi cap

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Very Poor
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
198.1. kotak securities  Feb 24, 2016 4:34:22 PM IST
Hi Tushar,

Thanks for your kind words. Your feedback is noted and shared with the concerned team.

Regards,
Team Kotak Securities
avatar
197. rashid  Feb 13, 2016 1:59:30 AM IST Reply
Hi ... My client code for kotak account is 9c1a9
The company as a whole has many hidden charges to name few .. They will charge scipt charge rs1 .. Apart from the various charges which has been paid upon trading include the buying and selling both .
They gave wrong Info as well as offer which they don''t itself dream of providing to the customers .. These companies should be handle strictly by the nse or sensex. As we the trader belong to one of the few segment of the business which pays tax as it is without any negotiations.. My suggestion to the investor are to record or get an affidavit done by the representative So that he cannot bully u
avatar
197.1. kotak securities  Feb 15, 2016 2:32:22 PM IST
Hi Rashid,

We regret the inconvenience caused. Please be assured that we will look into the matter and address your concerns at the earliest.

Regards,
Team Kotak Securities
avatar
197.2. kotak securities  Feb 18, 2016 11:36:38 AM IST
Hi Rashid,

Our team tried to get in touch with you, but could not reach you. Request you to provide us your preferred time to call.

Regards,
Team Kotak Securities
avatar
196. Abhijit Dutta  Feb 12, 2016 10:56:05 PM IST Reply
exactly very poor service from kotak security demay ac. many hidden charges r there. the employee wont tell u all the thing at the time of opening this ac. very high charges.
avatar
195. kish  Feb 8, 2016 10:41:13 PM IST Reply
waste of time and money . better option discount brokers.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Customer Service - Below Average
Overall Experience - Very Poor
avatar
194. Dhruv Sen  Jan 31, 2016 9:58:58 PM IST Reply
i want to know brokrage charges .............
avatar
193. Bhaskar  Jan 23, 2016 4:06:25 PM IST Reply
Kotak securities is very bad, too much brokerage and hidden charges

I would have read this blog before to open my account

I would like to change my broker
avatar
192. Minakshi Chakraborty  Jan 8, 2016 5:46:49 PM IST Reply
Hi,

In addition to ALL Brokerage, STT, Service Tax etc) there is an ''unknown'' "Other Charges" that is being charged for the last 7 months. Kindly explain this ambiguous "Other Charges" that u guys are charging.

This is not charged by any other brokerage therefore I am strongly thinking about switching over and advise at least 5 of my friends to do the same.

Enquire Kotak Securities Trading Account:

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