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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)

83 Votes

Overall Rating Rated 2.9 stars 2.9/5
Fees Rated 2.7 stars 2.7/5
Brokerage Rated 2.7 stars 2.7/5
Usability Rated 3.3 stars 3.3/5
Customer Service Rated 3.1 stars 3.1/5

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

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 9
NSE 2015-16 264,197 49
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
194. Dhruv Sen  Jan 31, 2016 10:58:58 PM IST Reply
i want to know brokrage charges .............
avatar
193. Bhaskar  Jan 23, 2016 5:06:25 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
193.1. kotak securities  Jan 25, 2016 3:19:27 PM IST
Hi Bhaskar,

We would like to connect with you regarding your concerns. Please share your client ID and contact number along with your concerns at Email.

Regards,
Team Kotak Securities
avatar
192. Minakshi Chakraborty  Jan 8, 2016 6:46:49 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.
avatar
192.1. kotak securities  Jan 11, 2016 5:28:37 PM IST
Hi Minakshi,

We would like to address your concerns. Request you to share your client ID and contact number at Email for us to assist you.

Regards,
Team Kotak Securities
avatar
191. Murugs  Jan 8, 2016 9:39:12 AM IST Reply
To much hidden charges and brokerage percentage changes without any notifications and not at all user friendly with customers.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
190. Ruchita Sanghvi  Jan 7, 2016 11:53:11 AM IST Reply
The customer service to the dealing deck of kotak securities have very little know how of their clients. ot was only on the goodwill of the kotak bank thati opened an trading account with them and very disappointed

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
189. Akash  Dec 31, 2015 12:32:49 PM IST Reply
Good Website.
Good Features.

Rates can be competitive.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Excellent
Customer Service - Average
Overall Experience - Excellent
avatar
189.1. kotak securities  Dec 31, 2015 2:54:18 PM IST
Hi Akash,

We are glad to have received your appreciation. Happy Trading!

Regards,
Team Kotak Securities
avatar
188. Mani  Dec 29, 2015 6:52:03 PM IST Reply
Brokerage charges very high.I Don''''t even know/Unable to findout what all charges they charged.Hence i decided to close this KS account.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Above Average
Customer Service - Average
Overall Experience - Very Poor
avatar
187. VJ  Dec 25, 2015 12:02:08 AM IST Reply
Dear Team, Please let me know if you have any online brokerage calculator which will
include all the tax details along with the your brokerage calculator.


Thanks in advance.
avatar
187.1. VJ  Dec 30, 2015 9:12:30 AM IST
Hi,

Can you please update whether you will be able to provide online brokerage calculator.
I am an existing customer of Kotak Security.

Will really appreciate if someone reply to this post.


Regards,

VJ
avatar
187.2. kotak securities  Dec 31, 2015 2:36:24 PM IST
Hi VJ,

We do not provide online brokerage calculator. However, you can access the link - LinkExternal Link for details regarding brokerage charges.

Regards,
Team Kotak Securities
avatar
186. smit  Dec 22, 2015 2:49:42 PM IST Reply
I Want Close My Account,Help Me Out.And For New Customer Never Go With Kotak
avatar
185. binoy kr sharma  Dec 16, 2015 4:52:59 AM IST Reply
i was totally confused abt the brokerage charges charged.... n next thing is that i was unable to trade for the last 3 days as my account was locked... i called customer care but no result.. i want to change my RMN n email id online... but not able to go to the website as the page doesnt appear... so m thinking of changing the BROKER.. binoy.....
avatar
184. sushil  Dec 2, 2015 11:06:16 PM IST Reply
very poor service in terms of brokerage.
avatar
183. b.ramchandra  Nov 28, 2015 5:19:53 PM IST Reply
Kotak ki brokerage bahot hi mahange hai.....inke saath to chote traders to trading kar hi nahi sakte......agar hum log kisi stock pe 10 se 20 profit lekar bahar aa bhi jaate hai to hume kuch profit nhi hota hai......ye tumhare hi level brokerage chargescki vajah se......
barbaad kr diya hai inhone chote traders ko......
avatar
182. Nanda Kumar  Oct 9, 2015 3:31:40 AM IST Reply
Very worst care. I Don''t even know what all charges they are taking and i lost almost 5k due to broker miscommunication. Please don''t go with kotak securities.
avatar
181. Anup Kumar  Sep 8, 2015 5:40:54 PM IST Reply
I am thinking to chang my broker.
beca0.59% + tax brokerage on delivery, 0.06% + tax in intraday and 600 + tax annual total monthly charges excluding brokerage DP+other approx 100 to 150 pm). In this compititive market where other broker charged 0.01 & 0.10 for intraday & delivery and no other charges Kotak charged unknown/ hidden charged to the customer.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Average
Customer Service - Above Average
Overall Experience - Very Poor
avatar
180. Aravind  Sep 7, 2015 5:09:32 PM IST Reply
TLDR: NEVER NEVER open an account with Kotak Securities, it is too cruel to even recommend it to your worst enemy.

Based on the top class service from Kotak Mahindra Bank, I decided to opt for Kotak Securities, thinking that they will offer similar quality service. Additional advantage I thought would be ease of operations if I linked Kotak Mahindra Bank account with Kotak Securities. BIG MISTAKE!! Kotak Mahindra Bank and Kotak Securities are far apart in customer service like Earth and Heaven!

1. No reply to email for several weeks.
2. When you receive the reply, you will have forgotten what the issue was!
3. When called Customer Care asking why email wasn''t replied early, they gave following response, "usually we don''t check email regularly."
4. Even the response received has no relevance to the issue.
5. Most of the time, when you call Customer Care regarding some issue, the line will be busy.
6. If you do get to talk to Customer Care, response to any issue will be one of the following:
a. Visit the nearest Kotak Securities branch for details.
b. Concerned person is not available here, please call back later.
c. Your issue is forwarded to the department.
d. We will call you in 2 to 3 working days (they never do).
7. If you submit a form to update your data, they will update the wrong data!
8. When called regarding above, they will carelessly tell, "you have to submit the form again with correct data".
9. Kotak Securities branches not available on Saturday & Sunday.
10. Customer Care number is supposed to be till 8pm, but if you call around 7pm, nobody answers the call. They probably leave early, like a government job!
11. Most of the people replying to Customer Care number seem to be employed from MNREGA. They don''t even know the basics of stock market or mutual fund, and you have to teach them sometimes to get your work done.
12. Kotak Securities doesn''t even know about their own procedures. Each Customer Care person will tell a different procedure for the same request.
13. After spending a month to update my bank account number, following the exact procedure they asked, it is still not done, and they don''t know how to do it.
14. If you complain about their service on Twitter or Facebook, you will get prompt attention, but no solution. Someone will call and ask what is the issue, then tell "give me 2 days to follow up". After 2 days, a new person will call and repeat the same thing.
15. For all this pathetic service, the brokerage is extremely high, which is just like an extortion.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
180.1. kotak securities  Sep 10, 2015 3:49:06 PM IST
Hi Aravind,

We believe our team has got in touch with you & is assisting you with your concerns.

Regards,
Team Kotak Securities
avatar
179. chirag  Aug 28, 2015 2:47:06 PM IST Reply
Brokerage charges very high. if you are making profit at a script in intraday still you can not make money becaof brokerage charges.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Average
Overall Experience - Very Poor
avatar
178. shafi  Aug 19, 2015 5:41:36 PM IST Reply
DONT OPEN ACCOUNT WITH KOTAK SECURITIES<
very worst broker services and they have unknown hidden RM) don''t now how to behave with customers and for any updation they will take couple of months to do. very poor response from managers also. Customer care will take complaints but they wont resolve it. instead of that they give such a nice explanations to satisfy customers.
avatar
177. Md khaja  Jul 26, 2015 7:07:28 PM IST Reply
It''''s one of the worst brokerage co. I mean (kotak securities ) I was opened the A/C on 8,7,2015 but still not activate , I think it is one of very very slow service provide
avatar
176. Prabhjyot Singh Bagga  Jul 25, 2015 7:10:11 PM IST Reply
very worst broker in Indian share market . i suggest you all , who ever reads my Comments, it is advicealbe that dont go behind the fem, this broker has too much hidden chargers i had an account with kotak securities the dealer was always forcing me to buy or sell according to him, and 2-3 times he did it by his own and made a huge loss in my account, his name is Rajesh Chinchmalatpure In Amravati Branch. They even dont know how to talk to client. they wont give you respect.
they have hidden charges like when any securities is debited from your demat account, there are charges like on 500 shares of axis bank of value 280000 laks has charges of 300 rupees and they will give you discount in brokerage but they will level there money here while debiting the securities
Finally i closed my account.
i suggest you plz dont go behind fem its a big fraud (Kotak Securities)
Prabhjyot Singh Bagga
Contact NO 8805297197
avatar
175. rahul  Jun 27, 2015 2:21:47 PM IST Reply
very bad broker. hidden charges are high. i have loss my 5000 rupee in 2 month without doing ant trade. they cut my all money in different-different charges.

i request all never ever open account with kotak security

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