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)

98 Votes

Overall Rating Rated 2.8 stars 2.8/5
Fees Rated 2.6 stars 2.6/5
Brokerage Rated 2.6 stars 2.6/5
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
220. Chandra  Sep 10, 2016 8:38:13 AM IST Reply
Hi ,

Better to think twice before opening account because of High Brokerage.

I just received a mail about the charges from KOTAK SECURITIES. Please read the below it will help people before opening the account.

KOTAK MAIL
---------------------------------------------------------------------------------------------------------------------------------------
With reference to your query below, we wish to inform you that you have charged other charges.

Also, whenever, the transactions (Buy/Sell) are done in your account, the brokerage is applicable along with Service Tax, Securities Transaction Tax and Other charges for the same.

We would like to clarify that other Charges represents a consolidated charge towards providing various value-added services such as Trade Confirmation SMS, electronic account access, portfolio tracker, access to research reports, market news SMS and towards defraying Member’s Statutory/Regulatory liability for the client’s trades.

Also, Service Tax is from 1st June 2016 service tax will be charged at 15%)

Securities Transaction Tax (STT) on the securities market transactions as revised w.e.f 01/06/2016 is as under:

STT @ 0.1% on all delivery (purchase and sale) trades in cash market.
STT @ 0.025% on sell leg of all non-delivery trades in the cash market (Equity Shares and units of Equity Oriented Funds)
STT @ 0.001% on sell leg of delivery trades in Equity Oriented Funds.
STT @ 0.01% on sell trades in the futures contracts
STT @ 0.05% on sell trades in the options contracts
STT @ 0.125% on buy trades in the options contracts when the option is exercised --Service tax, STT and other statutory charges are as per current rate

With effect from June 1, 2016 the service tax rate shall be 15%(i.e.: 14% towards Service tax + 0.5% each towards Swachh Bharat and 0.5% Krishi Kalyan cess).

Below is the rate of other charges levied currently in the client’s account by KSL.

Other Charges – Cash segment - 0.0215% + Service Tax
Other Futures) - 0.0045300% + Service Tax
Other Options) - 0.0608800% + Service Tax


Lastly, we would be unable to reverse the charges charged in your account.


Regards,
Chandra
avatar
219. Aman  Sep 8, 2016 11:41:56 AM IST Reply
HIGH Brokerage
High "Other not. 0.00325%) as "other charges" in the name on online services an other services.

Although they respond in time for a Premier Customer like me who trades over a crore month, but most of them don''''t know much about stock markets or the technology they use.


Its a broker for Investors NOT FOR TRADERS.


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Customer Service - Average
Overall Experience - Below Average
avatar
218. Vikram  Aug 29, 2016 3:56:17 PM IST Reply
Too Expensive. Bad UI. and Bad customer service. Agent keeps calling with fake trading calls to earn commission

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Below Average
Overall Experience - Very Poor
avatar
217. Sachin  Aug 29, 2016 8:51:27 AM IST Reply
HORRIBLE PEOPLE - NOT FIT TO RUN THIS BUSINESS. PLEASE STAY AWAY TO DO JUSTICE TO YOUR MONEY AND YOUR TIME.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
216. Sachin  Aug 29, 2016 8:45:31 AM IST Reply
HORRIBLE is the one word to describe Kotak Securities!

I made a blunder in selecting this non-sense as my 3-in-1 account provider and I repent every bit of that decision. here''s why:

1) Their pricing in not transparent - can''t understand their DP charges & are really really high
2) No person with some common sense will approve this kind of website. They are simply horrible to use. You are in the middle of a maze when you login. Logging in itself is a funny thing.
3) You don''t know how much money of yours is available to trade. They don;t show you as they mix it up with their margin amount, so you are clueless about your own money and may end up using their margin money. They can''t do even a 50 Rs calculator''s job!
4) For any transaction to reflect in your ledger, you need to wait for 3 to 5 days. Even some third grade charity company will have better efficiency.
5) They can''t show you the list of transactions sorted by date - would you believe?

Their trading website and their operations, gives you a feeling that you are living in 1900s.

They are not fit to run this kind of business and PLEASE STAY AWAY FROM THEM!

I had to move to another broker, which I will not mention to give more credibility to this review.
avatar
215. Srinivas  Aug 3, 2016 3:22:51 PM IST Reply
we will get the mails from back end for the transactions we didn''t do. When a premarket order is kept with a stoploss they will sell the shares at their interested price. their dealers doesn''t follow the stop loss process. Their team doesn''t know asba process.

As ususual useless customer care and escalations team.

When a script is purchased 2-3 times in a day when it''s falling they will charge a transaction charge of 24 rupees minimum for the brokerage.
There is no transparency in the process they do

Finally useless is the oneword we can say

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Above Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
214. venkateswaran  Aug 3, 2016 11:50:32 AM IST Reply
They increased AMC by 180 INR per year now, the new AMC is 780 INR. They have told the AMC is 600 per year when I opened the account 2 months ago. I am okay with the brokerage they charge for equity delivery because they provide good service, but this AMC is too much to ask. Planning to close the account once I find a better broker.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Below Average
avatar
214.1. srinivas  Aug 3, 2016 3:18:03 PM IST
better take sharekhan. They will offer you a brokerage of 0.02 and 0.2 for intraday and delivery. They i.e if you purchase a share 5 times in a day in kotak we need to pay the minimum transaction charge 21*5=105).

where as in sharekhan we get the brokerage based on the sum of script purchases and its brokerage greaterthan or lessthan minimum charge
avatar
213. venkateswaran  Aug 3, 2016 11:46:27 AM IST Reply
They have recently increased the AMC for the demat account. Please update the website. Brokerage is very high. I have an account with them, planning to close it once I find a better broking firm. It is no more 600 INR, it is 65 INR pm which is 780 INR plus taxes.

They have lot of advantages such as 3-in-1 a/c, good trading platform, but brokerage of 0.49 per cent for delivery and AMC for 780 is way too much.
avatar
212. padma  Aug 2, 2016 7:01:16 PM IST Reply
I am not getting any details regarding brokerage commission ,etc overall I didn''t like

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
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
211.1. Jayant baid  Aug 22, 2016 11:23:05 PM IST
call ys chandrasekhar
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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...
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208.1. Jayant baid  Aug 22, 2016 10:56:19 PM IST
u can see our service we provide online trading and we provide delivery scrips for investment....
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208.2. Jayant baid  Aug 22, 2016 11:18:37 PM IST
call us fr online trading best services
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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...
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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
206.1. Jayant baid  Aug 22, 2016 11:21:35 PM IST
prakash ji see our services give us the chance to make u satisfy with our services...
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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....
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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
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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

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