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 Kotak Securities Stock Trading, Demat, Brokerage and Reviews



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 Rated 3.18 / 5 based on 56 customer reviews

Overall Rating Fees Brokerage Usability Customer Service
Rated 3.2 stars Rated 2.9 stars Rated 3.1 stars Rated 3.4 stars Rated 3.4 stars 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

Kotak Securities Brokerage Charges 2014

Account opening fees:

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

Trading Brokerages:


Kotak Gateway (Fixed Brokerage) (* All charges are on both sides)
  • Delivery Based Trades: 0.49%
  • Intra-day Trades: 0.049%
  • Futures Trades: 0.049%
  • Options Trades: Rs. 100/- per lot or 1% on premium which ever is higher
Kotak Gateway (Variable Brokerage) (* All charges are on both sides)
  • Delivery Based Trades Brokerages: 0.59% to 0.18% (For trading amount of '< 1lakh' to '> 2 crore')
  • Intra-day Trades Brokerages: 0.06% to 0.03% both sides (For trading amount of '< 25 lakhs' to '> 5 crore')
  • F&O Trades Brokerages (Intraday): 0.07% to 0.023% both sides (For trading amount of '< 2 crores' to '> 25 crores')
  • F&O Trades Brokerages (Settlement): 0.09% to 0.032% both sides (For trading amount of '< 2 crores' to '> 25 crores')
  • Options Trades: Rs. 100/- per lot

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 #:
Email:City, State:
Are you a day trader?

Kotak Securities Advantages

  1. Kotak Securities website provides wide range of investment options. This includes investment in equity, IPOs, Bonds, FDs, ETFs, 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 changed by them is higher than the Discount Brokers.

Useful links about Kotak Securities

  1. Website: http://www.kotaksecurities.com

Enquiry Form

(Note: Information Last Updated: 5/20/2014 7:06:00 PM)

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Kotak Securities Ltd Reviews

        

120. ANITA GUPTA  Jul 22, 2014 2:01:01 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

120.1. kotak securities  Jul 23, 2014 12:55:47 PM IST | 

Hi Anita,

We request you to please share your client ID and contact details with us at Email so our customer care team can get in touch with you and address your concerns at the earliest.

Regards,
Team Kotak Securities

119. Harsh Vardhan Shrotriya  Jul 15, 2014 2:27:48 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.

119.1. kotak securities  Jul 16, 2014 11:41:31 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.

118. Subhash  Jul 02, 2014 1:11:01 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

117. saimahesh  Jun 25, 2014 6:05:33 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

117.1. balu  Jul 05, 2014 7:45:24 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.

116. Karthik Kumar PJ  May 17, 2014 10:41:43 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

116.1. kotak securities  May 19, 2014 1:59:40 PM IST | 

Dear Mr.Kumar,

Thank you for your feedback.

Regards,
Team Kotak Securities

116.2. Harsh Vardhan Shrotriya  Jul 15, 2014 2:32:08 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

115. Nithin  May 15, 2014 1:46:22 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

115.1. kotak securities  May 15, 2014 7:21:54 PM IST | 

Hi Nithin,

We regret the inconvenience caused. We request you to share your client id & contact details with us at Email so our customer care executive can get in touch with you and address your concern at the earliest.

Regards,
Team Kotak Securities.

115.2. Harsh Vardhan Shrotriya  Jul 15, 2014 2:34:06 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..

114. sahil  May 11, 2014 3:32:01 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

113. Chandan Roy  Apr 10, 2014 1:27:27 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.

113.1. kotak securities  Apr 10, 2014 12:42:09 PM IST | 

Hi Chandan,

We regret the inconvenience caused. Please share your contact details at Email for our customer care team to get in touch with you soon.

Regards,
Team Kotak Securities.

112. Nitin  Apr 06, 2014 4:08:58 AM IST |  Reply 

My Account opening is in process, after reading all these reviews I am planning to close my account ASAP. Not even a single person has given good feed back.

111. Poonam  Apr 05, 2014 2:13:03 AM IST |  Reply 

I was new to trading. Planned to start a demat and trading account, while browsing found that kotak has a 3 in 1 trading account after which I applied online and got a call and executive visited to my place and explained that if I deposit 1 lakh rupee to open the account then my charge will be intraday .03 and future as .30 and a small amount in case of delivery charges. They even told that as I am new to this they will initially come n install the software and help to do trading. It was my biggest mistake to open an account with kotak as I have already lost thousands due to wrong promises and the brokerages are charged as they wish, even after my account has a balance of 1 lakh I got a mail stating that I have to pay 10,000 n odd immediately. When called the person who opened this account stating about the mail he asked me to ignore it and he is loud enough n telling that he explained the same to me n now I am lying. If immediate action is not taken I will close my account and go legally.

110. Jaimin Patel  Mar 26, 2014 3:24:56 PM IST |  Reply 

Dear sir,

I want to close my demat account i called sales executive for close the account he told me that closing charges will be 600Rs .Is this true or False.. Sales Executive has very rude behavior kindly please help me...

110.1. kotak securities  Mar 27, 2014 11:34:33 AM IST | 

Hi Jaimin,

We would like to understand the matter and address your concern. Kindly share your client ID & contact details at Email so we can get in touch.

Regards,
Team Kotak Securities

109. Harish bisht  Mar 05, 2014 6:02:13 PM IST |  Reply 

I have a very bad experience with kotak mahindra. bank as well as security both.
1) Brokerage charges are so high for small investors in intra day trading .i know company must be taking benefit of this in terms of money, but may be loosing customer definitely.
2) when i opened demat account with kotak security. their associates has not informed all necessary information.i just need kotak trading account.not saving account but they have opened kotak demat account linked with kotak saving account, in which it is mandatory to maintain a balance of min Rs.10000.what a sit.its a cheating. becaof poor information i have not maintained my saving account with required balance. so they have deducted total Rs. 5000 from my saving account. even though balance was going in negative no customer call from their end. and when i went to kotak bank and asked for the same.why money was deducted they do not have any answer for their mistake. why we are in kotak to make money or to loose money?

Please have a transparency in your system so customer will not be hurt.

Any way i will surrender my account ASAP.


Regards
Harish Bisht

109.1. kotak securities  Mar 06, 2014 11:19:28 AM IST | 

Hi Harish,

We regret the inconvenience caused. Request you to please share your client ID & contact details with us at Email for our customer service desk to get in touch with you and address your concerns at the earliest.

Regards,
Team Kotak Securities

108. sameer  Mar 01, 2014 2:15:35 PM IST |  Reply 

I have trading account with kotak securities for many years. The trading platform is good. But they 3000-180.9-21.7-3.6-75.75-133)ALSO FOR STOCKS WITH VALUE LESS THAN Rs.100 per share Brokerage rate becomes almost 2 times due to increase in quantity of shares. If these huge "OTHER CHARGES" are reduced your profit will be good.

108.1. kotak securities  Mar 03, 2014 12:33:30 PM IST | 

Hi Sameer,

Thanks for your feedback. We have shared your opinion with the concerned team. For any further assistance, please feel free to get in touch with us at Email.

Regards,
Team Kotak Securities

107. UMAR  Feb 26, 2014 8:57:21 PM IST |  Reply 

VERY BAD SERVICE
VERY POOR TRADING CALL
THEY JUST DO TRADING CALL TO GET INCENTIVES ONLY
I CLOSED MY A/C BCZ OF LOSS OF THERE TRADING CALL
AND I HAV TO TO CLOSE MY ACCOUNT BY LOSING MY 1000 RS PREPATID BROKERAGE AS WELL
REALY POOR
YOU CAN LOOSE MONEY WITHOUT TRAIDNG IN KOTAK

107.1. kotak securities  Feb 27, 2014 6:20:13 PM IST | 

Hi Umar,

We would like to understand the matter and address your concerns. Kindly share your contact details with us at Email so that our customer service team can get in touch with you.

Regards,
Team Kotak Securities

106. barkat  Feb 06, 2014 9:26:56 PM IST |  Reply 

brokerage charge is very high in compare with ventura sec. Pls do something .................................
If u r profit is 400 than brokerage charge is below
total amt is 32000 rs
brokerage charge per security is 97 stt 32 tax is 7 and other charge is 6 rs total is 142 so u r total profit is 258 rs. Its very high..

106.1. kotak securities  Feb 07, 2014 12:16:56 PM IST | 

Hi Barkat,

Request you to share your client ID and contact details with us at Email for our customer care executive to get in touch with you and address your concerns at the earliest.

Regards,
Team Kotak Securities

105. Ankit Jain  Feb 03, 2014 6:19:48 PM IST |  Reply 

Kotak securities has charged Rs 10 for sending contract note to my registered address as mails are bounce back from my mailbox and never communicate such problem to me.. Truly unfair.

104. Ashish Bhat  Jan 27, 2014 3:07:40 PM IST |  Reply 

Kotak securities is definitely better than ICICI sec, as far as website interface is concerned. They present your data succinctly and usefully.
Brokerage used to be good, but now they have increased their rates.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Below Average
Overall Experience - Average

103. K Agarwal  Jan 17, 2014 12:09:07 AM IST |  Reply 

All of sudden started to charge 21/- per transaction. It is too much for investor doing trasaction of small lot. If doing 10 transactions of 10 shares each then charges are 210/-. It is too much if transaction value is less than 5000/-.

102. Manju  Jan 04, 2014 11:29:13 AM IST |  Reply 

Hi Team,

I brought 166666 Shares for the price of 0.09 per share Total value of the shares is RS 15000 and they are charged more brokerage charges then my share which is not at all acceptable
(166666 * 0.04=6666.64)

102.1. Manju  Jan 04, 2014 11:34:42 AM IST | 

When RM came that time they said only on total value of the shares now they were says on Qty as well be care full with Kotak security. Really if you are decided to have trading account, please go for alternative

101. Vikash  Dec 29, 2013 9:40:51 AM IST |  Reply 

high brokerage, most of my profit goes out in brokerage ....going to move to some other broker

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