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 3.59 / 5 based on 32 customer reviews
Overall Rating
Fees
Brokerage
Usability
Customer Service
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:
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.
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.
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.
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:
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.
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.
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.
Kotak Freedom for Mutual Fund Investments.
Kotak Super Saver, a Flat Brokerage and a Low Margin account.
PMS (Portfolio Management Service), an account for people who need an expert to help to manage their investments.
NRI Account, a online trading an investment account for NRI investors.
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.
Demat Account Annual Maintenance Charges (AMC): Rs 600 per annum
Trading Brokerages:
Kotak Gateway (Variable Brokerage) (* All charges are on both sides)
Delivery Based Trades Brokerages: 0.59% - 0.18% (For trading amount of '< 1lakh' to '> 2 crore')
Intra-day Trades Brokerages: 0.06% - 0.03% (For trading amount of '< 25 lakhs' to '> 5 crore')
F&O Trades Brokerages (Intraday): 0.07% - 0.023% (For trading amount of '< 2 crores' to '> 25 crores')
F&O Trades Brokerages (Settlement): 0.09% - 0.032% (For trading amount of '< 2 crores' to '> 25 crores')
Options Trades: Rs. 100/- per lot
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 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/-
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.
Kotak Securities Advantages
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.
Along with the online trading facility, customer gets access to 1400+ branches for help on investment and issue resolution.
Kotak Securities provide daily SMS alerts, market pointers, periodical research reports, stock recommendations etc. to help the customers.
Online Chat facility is available to support customer.
Kotak security offers easy integration of trading account with Citibank, HDFC Bank, UTI Bank and Kotak Mahindra Bank.
Kotak Securities Disadvantages
Kotak Securities is a Full Services Broker. The brokerage changed by them is higher than the Discount Brokers.
Useful links about Kotak Securities
Website: http://www.kotaksecurities.com
(Note: Information Last Updated: 11/26/2012 10:43:00 PM)
73. Ritesh Monani May 22, 2013 5:32:06 AM IST | Reply
Very Good service. I changed from ICICI direct.
Ratings:
Brokerage - Above Average Account Maintenance Fees - Above Average Website Usability - Above Average Customer Service - Above Average Overall Experience - Above Average
72. kotak securities May 03, 2013 4:04:54 PM IST | Reply
Dear Mr. Jaiswal,
Appreciate your kind words. Do share your client id and 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
71. dinesh jaiswal May 03, 2013 2:00:07 AM IST | Reply
Kotak securites ltd service very good service becobrokrage pripaid plan and free toll free no is trading very esey but demat to bank money transfer very slow
Funds transfer from bank to kotak sec. and vice-versa is a big hassle. KS has introduced a new mechanism of code generator which we have to every time we put in a trade. We cannot be carrying this dongle wherever we go. The trade lines are always busy. The site is not user friendly. Finding the correct stock code itself is nerve cracking.
Ratings:
Brokerage - Below Average Account Maintenance Fees - Average Website Usability - Below Average Customer Service - Very Poor Overall Experience - Very Poor
Overall experience in Kotak securities is much better than ICICI securities. Only aspect which is not good is instant net worth stmt, instant ledger like stmt with both equity and mutual fund segments. currently they need to be accessed seperately. if it is integrated, one can instantly know how much he has invested in what form (equity, MF, cash etc), which is not available now.
Ratings:
Brokerage - Above Average Account Maintenance Fees - Average Website Usability - Above Average Customer Service - Above Average Overall Experience - Above Average
68. Pramod R. Waray Feb 09, 2013 8:42:05 PM IST | Reply
DEAR,Sir mai ye jaan naa chahta hu ki put option ya phir call option ki sell & purchese ke liye A/C kinte rupee ki marzin honaa chahiye sir. kotak securities is best service good..
67. manish singh Feb 06, 2013 1:18:46 AM IST | Reply
Hi All, Today I contacted a Kotak Securities agent to open a 3 in one account for my HUF. The representative sent by them advised me to open the 3 in account in my name and then get that converted to HUF. His logic is that doing this way the paperwork will be easy. Is this right way and what he is saying is possible
66. kotak securities Jan 14, 2013 4:29:28 PM IST | Reply
Namaste Pramod,
Aapki asuvidha ke liye humein khed hai. Kripya apna Client ID aur mobile number yahaan likhe gaye e-mail ID par bhejein : Email. Aapke account ki jaankari milte hi hum aapki sahayta ke liye sampark karenge.
Dhanyavaad, Kotak Securities
65. pramod R waray Jan 12, 2013 1:39:44 AM IST | Reply
dear, mai apna a/c dekhna chahta hu ki wo kaisa dekhta hai ...Es ke liye kya karna hoga ..?
64. pramod R waray Jan 12, 2013 1:35:21 AM IST | Reply
Hallo dosto maine new frish kotak mai demat a/c khola phele to waaha ke loog sir sir jaada english zhadte hai phir a/c open hone ke baad phone tak nahi lagaate ...phale to ye loog phone lagaa lagaa kar dimaak ka dahii banaa dete hai ..demat a/c open hone ke baad garib loogo ki khaber tak nahi lete bhai aur ulti siddi salaah dete hai .ye samjo bhai kul milakar ye bakwaas lagta hai aur mahga bhi hai yaar wahi waali baat ho gayi nagga naahayga kya nichoode kya waali thanks demat a/c baba
63. PRAMOD R. WARAY. Jan 11, 2013 9:01:29 PM IST | Reply
iam new demat a/c opened done but i which sheare purches . and how any year for sheare purchese i want to by sheare from profit arrnind
62. kotak securities Jan 11, 2013 6:35:48 PM IST | Reply
Dear Mr. Nalawade,
We regret the inconvenience caused. We request you to share your client id and contact details with us at Email so that our customer care executive can address your concern on priority.
Regards, Team Kotak Securities
61. Ram Nalawade Jan 11, 2013 5:21:17 PM IST | Reply
Kotak Agent had promised me Brokerage of 0.03, but has not told me that it will be calculated on share instead of amount. Which is very unfair. Is anyone there in kotak, who can give me a good offer for Brokerage????
Maine ek demat account open kiya kotak security mein ek baar unka executive aaya ek naya software kiya aur chala gya kaise oose karte hain kuchh batayaa nahi, customer care wale itne trained nahi hai fone karo to haste hain aur kisi bhi problem ko sahi se eleborate nahi kar pate hain..............bahut bakwas service hai aur charges bahot zyada.....oonchi dukaaan ki fiki pakwaaan
60.1. Kotak Securities Jan 10, 2013 4:59:05 PM IST |
Namaste Zahid,
Aapki asuvidha ke liye humein khed hai. Kripya apna Client ID aur mobile number yahaan likhe gaye e-mail ID par bhejein : Email. Aapke account ki jaankari milte hi hum aapki sahayta ke liye sampark karenge.
Mobile teading software is best as compared to angel and rel sec Cc exp is also nice. Get instance. Msgs once order is executed which is not in angel and rsec
They offer negotiable brokerage depending on your potential activity. But there is a catch. the minimum fee is described as 3 or 4 paisa per share. So for shares valuing below Rs. 150 (or Rs. 200) the customers end up paying more than other ''full fee brokers'' like ICICIdirect.com
Ratings:
Brokerage - Average Account Maintenance Fees - Above Average Website Usability - Average Customer Service - Average Overall Experience - Above Average
Kotak has an excellent trading platform. And the pricing is most competitive. Anyone can reduce the charge to 0.2% on cash segment by opening an account with an initial investment of Rs 500,000. And MF''s investing is no cost.
Rated 'Excellent' in all categories except 'Customer Service'
brokerage is not reviewed as per volume as delivery brokrage is very high. It is requested to review the account of mine but still no response to customer service. Authorities are requested to look into matter old relation with the customers.
54. Atul Kumar Jun 27, 2012 3:56:24 PM IST | Reply
I have account with kotak securities since 2007. I know many people who have opened a new account with kotak and are offered very low rates of brokerge. But for old customers no benefit is given. I have given many mails to customer service but no response.
Sharekhan
