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ICICIDirect Vs Kotak Securities (Compare ICICIDirect and Kotak Securities)

The side-by-side comparison of ICICIDirect and Kotak Securities. Compare ICICIDirect Vs Kotak Securities brokerage, charges, exposure margin, demat account. Read Kotak Securities and ICICIDirect review.

Find out ICICIDirect Vs Kotak Securities which is better and ICICIDirect Vs Kotak Securities which is best.

Our ICICI Securities Pvt Ltd. comparison with Kotak Securities Ltd highlights the major differences between two brokers. Find the best between ICICIDirect and Kotak Securities.

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ICICIDirect Vs Kotak Securities

  ICICI Securities Pvt Ltd. Kotak Securities Ltd
 
ICICI Securities Pvt Ltd. Logo Kotak Securities Ltd Logo
About the Broker ICICIdirect is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group... Know more about ICICI Securities Pvt 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 3-in-1 Account (I-Secure Plan) Fixed Brokerage Plan
Broker Enquiry Open an Online Trading Account with ICICIDirect. 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 2000 1994
Number of Branches 154 1209
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ICICIDirect Vs Kotak Securities Charges

  ICICI Securities Pvt Ltd. Kotak Securities Ltd
Trading Account Opening Fees ₹975 ₹750
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹450 ₹600
Demat Account is Mandatory? No No
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ICICIDirect Vs Kotak Securities Brokerage

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Kotak Securities Ltd
Account Type 3-in-1 Account (I-Secure Plan) Fixed Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.55% 0.49%
Equity Intraday Brokerage 0.275% 0.049% (both side)
Equity Futures Brokerage 0.05% to 0.03% 0.049% (both side)
Equity Options Brokerage ₹95 to ₹35 per lot ₹300 per lot
Currency Futures Trading Brokerage 0.050% to 0.030%
Currency Options Trading Brokerage ₹25 to ₹10 per lot
Commodity Futures Trading Brokerage NA 0.070%
Commodity Options Trading Brokerage NA

Brokerage Plan 2

  ICICI Securities Pvt Ltd. Kotak Securities Ltd
Account Type I-Saver Plan Dynamic Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.75% to 0.25% 0.59% to 0.30%
Equity Intraday Brokerage 0.75% to 0.25% 0.06% to 0.05%
Equity Futures Brokerage 0.05% to 0.03% 0.07% to 0.05%
Equity Options Brokerage ₹95 to ₹65 per lot 2.5% to 1.8%
Currency Futures Trading Brokerage 0.05% to 0.03% 0.04% or Rs 20 per lot
Currency Options Trading Brokerage ₹95 to ₹65 per lot Rs 20 to Rs 7.5 per lot
Commodity Futures Trading Brokerage NA
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹35 per trade ₹21 per executed order
Other Brokerage Charges SMS Alerts at ₹50 per month
Call & Trade Charges ₹25 per call after first 20 free calls per month ₹20 per call after first 20 free calls in a month
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ICICIDirect Vs Kotak Securities Taxes

  ICICI Securities Pvt 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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ICICIDirect Vs Kotak Securities Transaction Charges

  ICICI Securities Pvt Ltd. Kotak Securities Ltd
Equity Delivery NSE: 0.0031% | BSE: 0.0028% 0.1% (Buy and Sell)
Equity Intraday NSE: 0.0031% | BSE: 0.0028% 0.025% (on Sell trade)
Equity Futures 0.0018% 0.01% (on Sell trade)
Equity Options 0.05% on Premium 0.05% (on Sell trade premium) or 0.125% (on options)
Currency Futures 0.0012% NA
Currency Options 0.05% on Premium NA
Commodity NA 0.01% on sell side
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ICICIDirect Vs Kotak Securities Exposure Margin

  ICICI Securities Pvt Ltd. Kotak Securities Ltd
Equity Delivery 5x with Interest 1x (no margin)
Equity Intraday Upto 25x 50 times
Equity Futures 4x 12 to 15 times
Equity Options 2x for shorting Selling: 200 times | Buying: 10 times
Currency Futures NA NA
Currency Options NA NA
Commodity Futures NA NA
Commodity Options
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ICICIDirect and Kotak Securities Feature Comparison

  ICICI Securities Pvt Ltd. Kotak Securities Ltd
3 in 1 Account Yes Yes
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes No
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite
Intraday Square-off Time 3:30 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader 3-in-1 account
Referral Program
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ICICIDirect Vs Kotak Securities Review

  ICICI Securities Pvt Ltd. Kotak Securities Ltd
  401 Customer Reviews    Rate ICICIDirect 135 Customer Reviews    Rate Kotak Securities
Fees Ratings 2.3 2.5
Trading Brokerage Rating 1.7 2.4
Trading Platform Usability 3.4 3.4
Customer Service Ratings 2.8 3.0
Overall Ratings Rated 2.4 stars Rated 2.6 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 401 customer reviews Kotak Securities is Rated 2.6 / 5 based on 135 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Kotak Securities Ltd
Contact / Request Call Back
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ICICIDirect Vs Kotak Securities Investment Options

  ICICI Securities Pvt Ltd. Kotak Securities Ltd
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes No
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS
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ICICIDirect Vs Kotak Securities Customer Service

  ICICI Securities Pvt Ltd. Kotak Securities Ltd
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes Yes
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ICICIDirect Vs Kotak Securities Order Type Offered

  ICICI Securities Pvt Ltd. Kotak Securities Ltd
Bracket Order No 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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ICICIDirect Vs Kotak Securities Research Report

  ICICI Securities Pvt 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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ICICIDirect Vs Kotak Securities Suitable For Investor Type

  ICICI Securities Pvt Ltd. Kotak Securities Ltd
Casual Investor Yes Yes
Active Investor Yes
Trader
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ICICIDirect Vs Kotak Securities - Advantages and Disadvantages

  ICICI Securities Pvt Ltd. Kotak Securities Ltd
Pros
  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.

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
  • ICICI Security charges highest brokerage in comparison to most of the retail brokers in India.
  • Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hours of trading.
  • Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra Rs 25 per call after first 20 free calls in a month.

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

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

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 ICICIDirect Enquire about Kotak Securities
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