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HDFC Securities Vs Kotak Securities Share Broker Comparison

The side-by-side comparison of HDFC Securities Ltd and Kotak Securities Ltd stock brokers in India. The comparison below highlights the similarities and differences between HDFC Securities and Kotak Securities's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among HDFC Securities and Kotak Securities.

  HDFC Securities Ltd Kotak Securities Ltd
 
HDFC Securities Ltd Logo Kotak Securities Ltd Logo
About the Broker HDFC Securities(HDFCsec) is Equity Trading Company of HDFC Bank. HDFC Securities provide both online trading and trading on phone. The HDFC Securities trading account has a unique 3-in-1 feature that integrates your HDFC Securities trading account wi... Know more about HDFC Securities Ltd Kotak Securities Ltd, a subsidiary of Kotak Mahindra Bank was founded in 1994. They offers stock broking services and distributes financial products in India. They have 1209 branches, franchisees and satellite offices offers services to 11.95 Lakh cu... Know more about Kotak Securities Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX, NCDEX
Account Type Online Trading Fixed Brokerage Plan
Broker Enquiry Open an Online Trading Account with HDFC Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Kotak Securities. Leave your contact info and we will get in touch with you.
Year of Incorporation
Number of Branches
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Stock Broker Fees / Charges

  HDFC Securities Ltd Kotak Securities Ltd
Trading Account Opening Fees ₹999 ₹750
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹750 ₹600
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  HDFC Securities Ltd Kotak Securities Ltd
Account Type Online Trading Fixed Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage 0.50% 0.49%
Equity Intraday Brokerage 0.05% 0.049% (both side)
Equity Futures Brokerage 0.05% 0.049% (both side)
Equity Options Brokerage ₹100 per lot or 1% of the premium (whichever is higher) ₹300 per lot
Currency Futures Trading Brokerage ₹23 per contract
Currency Options Trading Brokerage ₹20 per contract
Commodity Futures Trading Brokerage 0.02% for Intraday / 0.025% for positional 0.070%
Commodity Options Trading Brokerage 0.02% for Intraday / 0.025% for positional

Brokerage Plan 2

  HDFC Securities Ltd Kotak Securities Ltd
Account Type Online Trading Dynamic Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage 0.50% 0.59% to 0.30%
Equity Intraday Brokerage 0.05% 0.06% to 0.05%
Equity Futures Brokerage 0.05% 0.07% to 0.05%
Equity Options Brokerage ₹100 per lot or 1% of the premium (whichever is higher) 2.5% to 1.8%
Currency Futures Trading Brokerage ₹23 per contract 0.04% or Rs 20 per lot
Currency Options Trading Brokerage ₹20 per contract Rs 20 to Rs 7.5 per lot
Commodity Futures Trading Brokerage 0.02% for Intraday / 0.025% for positional
Commodity Options Trading Brokerage 0.02% for Intraday / 0.025% for positional

Other Charges

Minimum Brokerage Charges ₹25 plus taxes ₹21 per executed order
Other Brokerage Charges SMS Alerts at ₹50 per month
Call & Trade Charges ₹0 ₹20 per call after first 20 free calls in a month
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Taxes

  HDFC Securities Ltd Kotak Securities Ltd
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  HDFC Securities Ltd Kotak Securities Ltd
Equity Delivery 0.00325% 0.1% (Buy and Sell)
Equity Intraday 0.00325% 0.025% (on Sell trade)
Equity Futures .00190% 0.01% (on Sell trade)
Equity Options 0.050% (on premium) 0.05% (on Sell trade premium) or 0.125% (on options)
Currency Futures 0.00110% NA
Currency Options 0.040% (on premium) NA
Commodity NA 0.01% on sell side
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Exposure

  HDFC Securities Ltd Kotak Securities Ltd
Equity Delivery 2x with Intrest 1x (no margin)
Equity Intraday Upto 20x 50 times
Equity Futures Nil 12 to 15 times
Equity Options Nil Selling: 200 times | Buying: 10 times
Currency Futures Nil NA
Currency Options Nil NA
Commodity Nil NA
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Share Broker Features

  HDFC Securities Ltd Kotak Securities Ltd
3 in 1 Account Yes Yes
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) No No
Trading Platform ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite
Intraday Square-off Time 3:30 PM
Other Features E-Margin, ENCASH, 3-in-1 account
Referral Program
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Broker Ratings (Average User Rating)

  HDFC Securities Ltd Kotak Securities Ltd
  167 Customer Reviews    Rate HDFC Securities 135 Customer Reviews    Rate Kotak Securities
Fees Ratings 2.1 2.5
Trading Brokerage Rating 1.9 2.4
Trading Platform Usability 2.9 3.4
Customer Service Ratings 2.6 3.0
Overall Ratings Rated 2.2 stars Rated 2.6 stars
Broker Rating HDFC Securities is Rated 2.2 / 5 based on 167 customer reviews Kotak Securities is Rated 2.6 / 5 based on 135 customer reviews
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Contact Broker / Request A Call Back

  HDFC Securities Ltd Kotak Securities Ltd
Contact / Request Call Back
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Investment Options Available

  HDFC Securities Ltd Kotak Securities Ltd
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes No
Other Investment Options Insurance, FD, NCD, Bond, NPS, Loan, NRI Trading
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Customer Service Offered

  HDFC Securities Ltd Kotak Securities Ltd
24/7 Customer Service No No
Onine Live Chat Yes Yes
Through Branches Yes Yes
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Order Type

  HDFC Securities Ltd Kotak Securities Ltd
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
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Research / Tips / Reports Published

  HDFC Securities Ltd Kotak Securities Ltd
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Suitable for Investor Category

  HDFC Securities Ltd Kotak Securities Ltd
Casual Investor Yes Yes
Active Investor Yes
Trader

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Pros, Cons and Other Review Comments

  HDFC Securities Ltd Kotak Securities Ltd
Pros
  • The 3-in-1 account, which includes HDFC Bank Account, HDFC Securities Trading Account and HDFC Securities Demat Account, is the best offering for retail investors in India as it provides easiest way to invest in stock market and other financial instruments.

More Advantages...

  • Offers 3-in-1 Account (trinity account).
  • Kotak Security is a full services broker offering wide range of investment options and research reports.
  • Kotak Securities has extended network of 1400+ branches across India.
  • It offers 3-in-1 account, 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 especially for beginners in stock market.
  • Kotak offers 5 different trading platforms to fulfill almost all customer requirements.

More Advantages...

Cons
  • In addition to opening a trading account with HDFC Securities Ltd, you will also be required to open a savings bank account (quarterly minimum balance of Rs. 5000) and a DP (depository participant) account with HDFC Bank.
  • Very high brokerage charges
  • Charge minimum brokerage of ₹25

More Disadvantages...

  • The brokerage changed by them of higher than the discount brokers.
  • Commodity trading is available through another company 'Kotak Commodity Services Ltd'.

More Disadvantages...

Reviews
Promo / Offers

HDFC 3-in-1 Account

HDFC Securities offers a full-service 3-in-1 account, a combination of saving bank, trading and demat account. One account to investment in Equity, Derivatives, Mutual Funds, IPO and Fixed Deposits. Special Offer: ₹750 demat account AMC is waived when you open your 3-in-1 account.

Interested in opening a trading account? Request Callback from a stock broker.

Kotak 3-in-1 Account

Kotak Mahendra Bank offers trinity account, a 3-in-1 account which is a combination of saving bank, trading and demat account. It offers convenient investment in Equity, Derivatives, Mutual Funds, IPO and ETF.

Looking for an online trading account? Request Callback from a stock broker.

Enquire about HDFC Securities Enquire about Kotak Securities
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