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Kotak Securities Vs Dhan (Compare Kotak Securities and Dhan)

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 Research SMS, margin trading, depository services and third-party products like insurance. The company also provides direct access to the US markets. Kotak Securities is a subsidiary of Kotak Mahindra Bank, one ... Know more about Kotak Securities Ltd

Moneylicious Securities Pvt Ltd Logo

About Dhan
Incorporated in 2021, Dhan is a Mumbai-based financial services company operating primarily in India. In today's fast-paced world, every second or third person is looking for effective investment options to park their hard-earned money and create wealth in the long run, and Dhan is committed to providing these options. Dhan is registered with SEBI as a stockbroker. In addition, Dhan is also registered with CDSL and with NSE, BSE and MCX stock exchanges to perform its functions. Dhan offers a va... Know more about Moneylicious Securities Pvt Ltd

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Kotak Securities Vs Dhan

Incorporated in 1994, Kotak Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 153 branches across India. Incorporated in 2021, Dhan is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

  Kotak Securities Dhan
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Year of Incorporation 1994 2021
Number of Branches 153 1
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Kotak Securities Vs Dhan Charges & AMC

Kotak Securities trading account opening charges is Rs 99 while Dhan account opening changes is Rs 0 (Free). Kotak Securities Demat Account AMC Charges is Rs 600 and Dhan Demat Account AMC Charges is ₹0 (Lifetime Zero AMC).

  Kotak Securities Dhan
Trading Account Opening Charges Rs 99 Rs 0 (Free)
Trading Account AMC Charges Rs 0 ₹0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 600 ₹0 (Lifetime Zero AMC)

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Kotak Securities Vs Dhan Brokerage

Kotak Securities brokerage charges for equity is 0.25% (Minimum Rs 20 per trade) and intraday is Free whereas Dhan brokerage charges for equity is Rs. 0 and intraday is Rs 20 or 0.03% of trade value, whichever is lower.

Account Type Kotak Securities Trade Free Plan Dhan Flat Rate Plan
Fixed Charges Rs 0 or Nill
Equity Delivery 0.25% (Minimum Rs 20 per trade) Rs. 0
Equity Intraday Free Rs 20 or 0.03% of trade value, whichever is lower
Equity Futures Delivery: Rs 20 per trade | Intraday: Free Rs 20 or 0.03% of trade value, whichever is lower
Equity Options Delivery: Rs 20 per trade | Intraday: Free Rs 20 per executed order
Currency Futures Delivery: Rs 20 per trade | Intraday: Free Rs 20 or 0.03% of trade value, whichever is lower
Currency Options Delivery: Rs 20 per trade | Intraday: Free Rs 20 per executed order
Commodity Futures Delivery: Rs 20 per trade | Intraday: Free Rs 20 or 0.03% of trade value, whichever is lower
Commodity Options Delivery: Rs 20 per trade | Intraday: Free Rs 20 per executed order
Special Offer
Special Offer: Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade. Open Instant Account Now
Special Offer: Invest brokerage-free stock delivery trades. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Dhan and start trading today.

Kotak Securities Vs Dhan Brokerage Plan 2

  Kotak Securities Dhan
Account Type Dealer Assisted Plan Flat Rate Plan
Fixed Charges Rs 499 (One Time) Rs 0 or Nill
Equity Delivery 0.39% Rs. 0
Equity Intraday 0.039% Rs 20 or 0.03% of trade value, whichever is lower
Equity Futures 0.039% Rs 20 or 0.03% of trade value, whichever is lower
Equity Options Rs 39 per lot Rs 20 per executed order
Currency Futures Rs 9 per lot Rs 20 or 0.03% of trade value, whichever is lower
Currency Options Rs 5 per lot Rs 20 per executed order
Commodity Futures 0.039% Rs 20 or 0.03% of trade value, whichever is lower
Commodity Options Rs 39 per lot Rs 20 per executed order
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Kotak Securities Charges Vs Dhan

Minimum Brokerage Rs 21 per executed order Rs 20
Other Charges
Call & Trade Charges Rs 50 per call Rs 50 per order

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Kotak Securities Vs Dhan Transaction Charges

Kotak Securities transaction charges for options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) while Dhan exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 500 per Cr (0.005%) (on premium).

  Kotak Securities Dhan
Equity Delivery NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 200 per Cr (0.002%) | BSE Rs 0 NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 500 per Cr (0.005%) (on premium)
Currency Futures NSE Rs 95 per Cr (0.00095%) | BSE Rs 22 per Cr (0.00022%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options NSE Rs 3700 per Cr (0.037%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006% | Commodity Options: MCX : 0.05% & 0 for NCDEX Group A, B : 0.0026%
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Kotak Securities Vs Dhan Leverage (Margin)

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

  Kotak Securities Dhan
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 Kotak Securities and Dhan Features

The trading platforms offered Kotak Securities include Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite. Dhan offers Dhan App, Dhan web, Options Trader Web, Options Trader App, TradingView Console, DhanHQ API trading software.

  Kotak Securities Dhan
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) No Yes
Trading Platform Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite Dhan App, Dhan web, Options Trader Web, Options Trader App, TradingView Console, DhanHQ API
Intraday Square-off Time 3:20 PM
Trading In SME Shares Allowed? Yes
Referral Program Yes
Other Features 3-in-1 account APIs for Algo Trading, smallcases on Dhan
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Kotak Securities Vs Dhan Review

Kotak Securities is rated 2.4 of 5 based on 197 customer reviews whereas Dhan is rated 2.8 of 5 based on 19 customer reviews.

  Kotak Securities Dhan
  197 Customer Reviews    Rate Kotak Securities 19 Customer Reviews    Rate Dhan
Fees 2.4 3.9
Brokerage 2.3 3.3
Trading Platform 3.2 3.2
Customer Service 2.8 2.1
Research Capabilities 2.7 2.4
Overall Ratings Rated 2.4 stars Rated 2.8 stars
Broker Rating Kotak Securities is rated 2.4 of 5 based on 197 customer reviews Dhan is rated 2.8 of 5 based on 19 customer reviews

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Contact Broker / Request A Call Back

  Kotak Securities Enquire Dhan Enquire
Contact Broker Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade. Open Instant Account Now Invest brokerage-free stock delivery trades. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Dhan and start trading today.

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Kotak Securities Vs Dhan Investment Options

  Kotak Securities Dhan
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes No
Bond / NCD Yes Yes
Debt Yes No
Other Investment Options

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Kotak Securities Vs Dhan Order Type Offered

  Kotak Securities Dhan
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
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Kotak Securities Vs Dhan Research Report

  Kotak Securities Dhan
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes Yes

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Kotak Securities Vs Dhan Suitable For Investor Type

  Kotak Securities Dhan
Casual Investor Yes
Active Investor Yes Yes
Trader Yes

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Kotak Securities Vs Dhan - Pros and Cons

  Kotak Securities Dhan
Pros
  • 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.
  • Safe, reliable, and technologically first online broker.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Free account opening.
  • AMC free demat account.
  • Free equity delivery trades.
  • Flat Rs 20 per trade brokerage for all other segments.
Cons
  • 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.
  • It does not provide stock tips, research, and recommendations.
  • Call & Trade is charged an extra Rs 50 per order.
  • Auto Square off is charged at an extra Rs 20 per order.
  • It does not offer a 3-in-1 account.
  • It does not offer monthly unlimited trading plans.
Reviews
Promo / Offers

Kotak Securities Special Offer

Kotak Securities Trade Free Plan

Open a 3-in-1 account and get:

  • Brokerage-Free Intraday trades (Equity and F&O).
  • Flat Rs. 20 per trade brokerage in F&O

Interested in opening a trading account? Open Instant Account Now

Dhan Special Offer

Brokerage-free share delivery trading and AMC free demat account

  • Free account opening and Demat AMC +
  • Brokerage-free equity delivery and flat Rs 20 per trade for intraday and F&O +
  • Separate option trading APP.

This is a limited-time offer. Open an instant account online and start trading today.

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