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ICICIdirect Vs Kotak Securities (Compare ICICIdirect and Kotak Securities)

ICICI Securities Pvt Ltd. Logo

About 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

About Kotak Securities
Incorporated in 1994, Kotak Securities Ltd is a full-service stock broker offering 3-in-1 account (Bank + Trading + Demat Account) to retail investors in India. It offers investment in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers services like Portfolio Management services (PMS), research, margin trade funding, depository services and third-party products like insurance. The company also provides direct access to the US markets. Kotak Securities is a ... 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 153 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 154 153
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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 0 (Free). 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 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 600

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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 0.25% or Rs 20 whichever is higher and intraday is Free.

Account Type ICICIdirect ICICI Neo Plan Kotak Securities Trade Free Plan
Fixed Charges NA Rs 499 One Time
Equity Delivery 0.55% 0.25% or Rs 20 whichever is higher
Equity Intraday Rs 20 per order Free
Equity Futures Rs 0 (Free) Delivery: Rs 20 per trade | Intraday: Free
Equity Options Rs 20 per order Delivery: Rs 20 per trade | Intraday: Free
Currency Futures Rs 20 per order Delivery: Rs 20 per trade | Intraday: Free
Currency Options Rs 20 per order Delivery: Rs 20 per trade | Intraday: Free
Commodity Futures Rs 20 per order Delivery: Rs 20 per trade | Intraday: Free
Commodity Options Rs 20 per order Delivery: Rs 20 per trade | Intraday: Free
Special Offer
Special Offer: ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 5 minutes from sell orders + Free trading tips. Open Instant Account Now

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

ICICIdirect Vs Kotak Securities Brokerage Plan 2

  ICICIdirect Kotak Securities
Account Type I-Secure Plan Dealer Assisted Plan
Fixed Charges NA
Equity Delivery 0.55% 0.39%
Equity Intraday 0.275% 0.039%
Equity Futures 0.05% 0.039%
Equity Options Rs 95 per lot Rs 39 per lot
Currency Futures Rs 20 per order Rs 9 per lot
Currency Options Rs 20 per order Rs 5 per lot
Commodity Futures Rs 20 per order 0.039%
Commodity Options Rs 20 per order Rs 39 per lot
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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
Call & Trade Charges Rs 50 per trade Rs 50 per call

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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 Yes
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
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
Trading In SME Shares Allowed?
Referral Program
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader 3-in-1 account
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ICICIdirect Vs Kotak Securities Review

ICICIdirect is rated 2.4 of 5 based on 462 customer reviews whereas Kotak Securities is rated 2.4 of 5 based on 177 customer reviews.

  ICICIdirect Kotak Securities
  462 Customer Reviews    Rate ICICIdirect 177 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 2.8 2.4
Overall Ratings Rated 2.4 stars Rated 2.4 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 462 customer reviews Kotak Securities is rated 2.4 of 5 based on 177 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 5 minutes from sell orders + Free trading tips. Open Instant Account Now Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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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 Yes
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.
  • Kotak Securities is a bank-based broker offering a 3-in-1 account.
  • Brokerage free intraday trading with online trading plans.
  • Zero brokerage across all segments for investors up to the age of 30 years.
  • Company is part of leading private bank (Kotak Mahindra Bank).
  • NEST trading platform is available for frequent traders.
  • Charges are lowest amoung bank-based brokers.
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.
  • High Equity delivery brokerage charges.
  • High demat AMC changes (Rs 66 per month).
  • Kotak Securities website and mobile app is not as good as new age brokers like Zerodha and Upstox.
  • A widely advertised Zero Brokerage Plan is available only to investors up to the age of 30 years.
  • The customer has to pay a yearly plan subscription fee of Rs 499.
  • Very high brokerage in dealer-assisted brokerage plan.
  • Margin-funding facility causes confusion amount investors who ended up paying high interest charges unknowingly.
Reviews
Promo / Offers

ICICIdirect Special Offer

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 5 minutes of selling stocks

Interested in opening a trading account? Open Instant Account Now

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews
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