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ICICIdirect Vs Kotak Securities (Compare ICICIdirect and Kotak Securities)

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...

ICICIdirect Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs

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 ...

Kotak Securities Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs

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
	Open ICICIdirect Account	Open Kotak Securities Account

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

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% (Minimum Rs 20 per trade) and intraday is Free.

Account Type	ICICIdirect ICICI Neo Plan	Kotak Securities Trade Free Plan
Fixed Charges	NA
Equity Delivery	0.55%	0.25% (Minimum Rs 20 per trade)
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	Special Offer: Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade + Free Account Opening. Open Instant Account Now

ICICIdirect Vs Kotak Securities Brokerage Plan 2

	ICICIdirect	Kotak Securities
Account Type	I-Secure Plan	Dealer Assisted Plan
Fixed Charges	NA	Rs 499 (One Time)
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
	Open ICICIdirect Account	Open Kotak Securities Account

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

ICICIdirect Vs Kotak Securities Transaction Charges

ICICIdirect transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while Kotak Securities exchange transaction charges for options is NSE: 0.05% on Premium.

	ICICIdirect	Kotak Securities
Equity Delivery	NSE Rs 345 per Cr (0.00345%) \| BSE Rs 300 per Cr (0.003%) (each side)	NSE: 0.00325%, BSE: 0.00325%
Equity Intraday	NSE Rs 345 per Cr (0.00345%) \| BSE Rs 300 per Cr (0.003%) (each side)	NSE: 0.00325%, BSE: 0.00325%
Equity Futures	NSE Rs 200 per Cr (0.002%)	NSE: 0.0019%
Equity Options	NSE Rs 5300 per Cr (0.053%) (on premium)	NSE: 0.05% on Premium
Currency Futures	NSE Rs 90 per Cr (0.0009%) \| BSE Rs 22 per Cr (0.00022%)	NSE: 0.0009%, BSE: 0.00022%
Currency Options	NSE Rs 3500 per Cr (0.035%) \| BSE Rs 100 per Cr (0.001%) (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%
	Open ICICIdirect Account	Open Kotak Securities Account

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)
	Open ICICIdirect Account	Open Kotak Securities Account

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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
	Open ICICIdirect Account	Open Kotak Securities Account

ICICIdirect Vs Kotak Securities Review

ICICIdirect is rated 2.4 of 5 based on 465 customer reviews whereas Kotak Securities is rated 2.3 of 5 based on 185 customer reviews.

	ICICIdirect	Kotak Securities
	465 Customer Reviews	185 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICIdirect is rated 2.4 of 5 based on 465 customer reviews	Kotak Securities is rated 2.3 of 5 based on 185 customer reviews

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	Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade + Free Account Opening. Open Instant Account Now

ICICIdirect Vs Kotak Securities Investment Options

	ICICIdirect	Kotak Securities
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS

ICICIdirect Vs Kotak Securities Order Type Offered

	ICICIdirect	Kotak Securities
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open ICICIdirect Account	Open Kotak Securities Account

ICICIdirect Vs Kotak Securities Research Report

	ICICIdirect	Kotak Securities
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICIdirect Vs Kotak Securities Suitable For Investor Type

	ICICIdirect	Kotak Securities
Casual Investor
Active Investor
Trader

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	Kotak Securities Special Offer Kotak Securities Trade Free Plan Open a 3-in-1 account and get: Free Account Opening Brokerage-Free Intraday trading Flat Rs. 20 per trade brokerage in F&O Interested in opening a trading account? Open Instant Account Now
	Open ICICIdirect Account	Open Kotak Securities Account

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