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ICICIdirect Vs Kotak Securities (Compare ICICIdirect and Kotak Securities)


ICICI Securities Pvt Ltd. Logo

ICICIdirect
ICICIdirect is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include equity, commodity, and currency trading at BSE, NSE, and MCX. The company also offers Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc. ICICIdirect's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI Tr... Know more about ICICI Securities Pvt Ltd.


Kotak Securities Ltd Logo

Kotak Securities
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 customers. They corporate members with the Bombay Stock Exchange and the National Stock Exchange. They are also a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). Kotak securitie... Know more about Kotak Securities Ltd

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ICICIdirect Vs Kotak Securities

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 1994, Kotak Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 1209 branches across India.

  ICICIdirect Kotak Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX, NCDEX
Year of Incorporation 2000 1994
Number of Branches 154 1209
Open an Online Trading Account with ICICIdirect.Open an Online Trading Account with Kotak Securities.
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ICICIdirect Vs Kotak Securities Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while Kotak Securities account opening changes is Rs 750. ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and Kotak Securities Demat Account AMC Charges is Rs 600.

  ICICIdirect Kotak Securities
Trading Account Opening Charges Rs 0 (Free) Rs 750
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 600
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ICICIdirect Vs Kotak Securities Brokerage Charges & Plans

ICICIdirect Vs Kotak Securities Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Kotak Securities brokerage charges for equity is 0.49% and intraday is 0.049% (both side).

  ICICIdirect Kotak Securities
Account Type ICICI Neo Plan Fixed Brokerage Plan
Fixed Charges NA
Equity Delivery 0.55% 0.49%
Equity Intraday Rs 20 per order 0.049% (both side)
Equity Futures Rs 0 (Free) 0.049% (both side)
Equity Options Rs 20 per order Rs 300 per lot
Currency Futures Rs 20 per order
Currency Options Rs 20 per order
Commodity Futures Rs 20 per order 0.070%
Commodity Options Rs 20 per order
Special Offer
Special Offer: ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now
Special Offer: Get Kotak 3-in-1 account for seamless trading and investment. The integrated trading + demat + saving bank account is for convenient investment in the stock market and mutual funds. Request a Callback.

ICICIdirect Vs Kotak Securities Brokerage Plan 2

  ICICIdirect Kotak Securities
Account Type I-Secure Plan Dynamic Brokerage Plan
Fixed Charges NA
Equity Delivery 0.55% 0.59% to 0.30%
Equity Intraday 0.275% 0.06% to 0.05%
Equity Futures 0.05% 0.07% to 0.05%
Equity Options Rs 95 per lot 2.5% to 1.8%
Currency Futures Rs 20 per order 0.04% or Rs 20 per lot
Currency Options Rs 20 per order Rs 20 to Rs 7.5 per lot
Commodity Futures Rs 20 per order
Commodity Options Rs 20 per order
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ICICIdirect Charges Vs Kotak Securities

Minimum Brokerage Rs 35 per trade (I-Secure Plan) Rs 21 per executed order
Other Charges Margin Trading Interest: 0.025% Per day SMS Alerts at Rs 50 per month
Call & Trade Charges Rs 50 per trade Rs 20 per call after first 20 free calls in a month
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ICICIdirect Vs Kotak Securities Transaction Charges

ICICIdirect transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Kotak Securities exchange transaction charges for options is NSE: 0.05% on Premium.

  ICICIdirect Kotak Securities
Equity Delivery NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE: 0.00325%, BSE: 0.00325%
Equity Intraday NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE: 0.00325%, BSE: 0.00325%
Equity Futures Rs 180 per Cr (0.0018%) NSE: 0.0019%
Equity Options Rs 5000 per Cr (0.05%) (on premium) NSE: 0.05% on Premium
Currency Futures Rs 120 per Cr (0.0012%) NSE: 0.0009%, BSE: 0.00022%
Currency Options Rs 5000 per Cr (0.05%) (on premium) NSE: 0.035%, BSE: 0.001%
Commodity Group A - Rs 260 per Cr (0.0026%) MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006%
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ICICIdirect Vs Kotak Securities Leverage (Margin)

ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Kotak Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  ICICIdirect Kotak Securities
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare ICICIdirect and Kotak Securities Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Kotak Securities offers Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite trading software.

  ICICIdirect Kotak Securities
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 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

ICICIdirect is rated 2.4 of 5 based on 453 customer reviews whereas Kotak Securities is rated 2.4 of 5 based on 171 customer reviews.

  ICICIdirect Kotak Securities
  453 Customer Reviews    Rate ICICIdirect 171 Customer Reviews    Rate Kotak Securities
Fees 2.2 2.4
Brokerage 1.7 2.3
Trading Platform 3.3 3.2
Customer Service 2.7 2.8
Research Capabilities 2.9 2.6
Overall Ratings Rated 2.4 stars Rated 2.4 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 453 customer reviews Kotak Securities is rated 2.4 of 5 based on 171 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire Kotak Securities Enquire
Contact Broker ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now Get Kotak 3-in-1 account for seamless trading and investment. The integrated trading + demat + saving bank account is for convenient investment in the stock market and mutual funds. Request a Callback.
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ICICIdirect Vs Kotak Securities Investment Options

  ICICIdirect Kotak Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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 Order Type Offered

  ICICIdirect Kotak Securities
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

  ICICIdirect Kotak Securities
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

  ICICIdirect Kotak Securities
Casual Investor Yes Yes
Active Investor Yes
Trader
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ICICIdirect Vs Kotak Securities - Pros and Cons

  ICICIdirect Kotak Securities
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.
  • 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.
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.
  • Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.
  • The brokerage changed by them of higher than the discount brokers.
  • Commodity trading is available through another company 'Kotak Commodity Services Ltd'.
Reviews
Promo / Offers

ICICIdirect Neo Plan (Discount Brokerage)

Open a 3-in-1 account with Neo Plan for:

  • Free Account Opening
  • Brokerage-Free Equity Futures trading
  • Flat Rs. 20 per trade brokerage in Options, Currency F&O and Commodity futures in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 30 minutes of selling stocks

Interested in opening a trading account? Open Instant Account Now

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.

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ICICIdirect Kotak Securities
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