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Kotak Securities Vs Fyers (Compare Kotak Securities and Fyers)

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

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

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

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Kotak Securities Vs Fyers

  Kotak Securities Ltd Fyers Securities Ltd
 
Kotak Securities Ltd Logo Fyers Securities Ltd Logo
About the Broker 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 Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representi... Know more about Fyers Securities Ltd
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX, NCDEX NSE, MCX
Account Type Fixed Brokerage Plan Flat Fee Brokerage Plan
Broker Enquiry Open an Online Trading Account with Kotak Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Fyers. Leave your contact info and we will get in touch with you.
Year of Incorporation 1994 2015
Number of Branches 1209 0
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Kotak Securities Vs Fyers Charges

  Kotak Securities Ltd Fyers Securities Ltd
Trading Account Opening Fees ₹750 ₹0 (Free)
Trading Account AMC ₹0 ₹0 (Free)
Demat Account Opening Fees ₹0 ₹0 (Free)
Demat Account AMC ₹600 ₹400
Demat Account is Mandatory? No No
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Kotak Securities Vs Fyers Brokerage

Brokerage Plan 1

  Kotak Securities Ltd Fyers Securities Ltd
Account Type Fixed Brokerage Plan Flat Fee Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.49% ₹0 (Free)
Equity Intraday Brokerage 0.049% (both side) ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.049% (both side) ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹300 per lot ₹20 per executed order
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹20 per executed order
Commodity Futures Trading Brokerage 0.070% NA
Commodity Options Trading Brokerage

Brokerage Plan 2

  Kotak Securities Ltd Fyers Securities Ltd
Account Type Dynamic Brokerage Plan Flat Fee Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage 0.59% to 0.30% ₹0 (Free)
Equity Intraday Brokerage 0.06% to 0.05% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.07% to 0.05% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage 2.5% to 1.8% ₹20 per executed order
Currency Futures Trading Brokerage 0.04% or Rs 20 per lot ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage Rs 20 to Rs 7.5 per lot ₹20 per executed order
Commodity Futures Trading Brokerage NA
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹21 per executed order
Other Brokerage Charges SMS Alerts at ₹50 per month Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments)
Call & Trade Charges ₹20 per call after first 20 free calls in a month ₹20 per trade
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Kotak Securities Vs Fyers Taxes

  Kotak Securities Ltd Fyers 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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Kotak Securities Vs Fyers Transaction Charges

  Kotak Securities Ltd Fyers Securities Ltd
Equity Delivery 0.1% (Buy and Sell) ₹325 per crore (0.00325%)
Equity Intraday 0.025% (on Sell trade) ₹325 per crore (0.00325%)
Equity Futures 0.01% (on Sell trade) ₹240 per crore (0.0024%)
Equity Options 0.05% (on Sell trade premium) or 0.125% (on options) ₹5900 per crore (on premium) (0.059%)
Currency Futures NA ₹240 per crore (0.0024%)
Currency Options NA ₹5900 per crore (on premium) (0.059%)
Commodity 0.01% on sell side NA
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Kotak Securities Vs Fyers Exposure Margin

  Kotak Securities Ltd Fyers Securities Ltd
Equity Delivery 1x (no margin) 1 times
Equity Intraday 50 times Up to 16x (based on the stock)
Equity Futures 12 to 15 times Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options Selling: 200 times | Buying: 10 times Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x
Currency Futures NA Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options NA Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling)
Commodity Futures NA NA
Commodity Options
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Kotak Securities and Fyers Feature Comparison

  Kotak Securities Ltd Fyers Securities Ltd
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) No
Trading Platform Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite Fyers One (In-house build)
Intraday Square-off Time 3:20 PM
Other Features 3-in-1 account Brokerage free thematic investing is available
Referral Program Yes
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Kotak Securities Vs Fyers Review

  Kotak Securities Ltd Fyers Securities Ltd
  135 Customer Reviews    Rate Kotak Securities 8 Customer Reviews    Rate Fyers
Fees Ratings 2.5 3.1
Trading Brokerage Rating 2.4 3.9
Trading Platform Usability 3.4 3.0
Customer Service Ratings 3.0 4.0
Overall Ratings Rated 2.6 stars Rated 3.6 stars
Broker Rating Kotak Securities is Rated 2.6 / 5 based on 135 customer reviews Fyers is Rated 3.6 / 5 based on 8 customer reviews
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Contact Broker / Request A Call Back

  Kotak Securities Ltd Fyers Securities Ltd
Contact / Request Call Back
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Kotak Securities Vs Fyers Investment Options

  Kotak Securities Ltd Fyers Securities Ltd
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt No No
Other Investment Options
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Kotak Securities Vs Fyers Customer Service

  Kotak Securities Ltd Fyers Securities Ltd
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches Yes No
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Kotak Securities Vs Fyers Order Type Offered

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

  Kotak Securities Ltd Fyers Securities Ltd
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Kotak Securities Vs Fyers Suitable For Investor Type

  Kotak Securities Ltd Fyers Securities Ltd
Casual Investor Yes
Active Investor Yes Yes
Trader Yes
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Kotak Securities Vs Fyers - Advantages and Disadvantages

  Kotak Securities Ltd Fyers Securities Ltd
Pros
  • 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...

  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum ₹20 per trade.
  • No software charges.
  • State of art trading platforms.
  • Thematic investment is available
  • Refer your friends and earn 20% of the revenues generated by your friends, for life!

More Advantages...

Cons
  • The brokerage changed by them of higher than the discount brokers.
  • Commodity trading is available through another company 'Kotak Commodity Services Ltd'.

More Disadvantages...

  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.

More Disadvantages...

Reviews
Promo / Offers

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.

Fyers offer FREE Trading Account (₹0 account opening fee). Equity delivery trades are FREE (no brokerage), for other segments you pay ₹20 per trade flat broekrage fee.

This is a limited time offer. Simply leave your contact information with us and Fyers representatives will contact you.

Enquire about Kotak Securities Enquire about Fyers
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