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Kotak Securities Vs Fyers (Compare Kotak Securities and Fyers)

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

Fyers Securities Ltd Logo

About Fyers
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', representing the core values of the company. The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in... Know more about Fyers Securities Ltd

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Kotak Securities Vs Fyers

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 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India.

  Kotak Securities Fyers
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX NSE, MCX
Year of Incorporation 1994 2015
Number of Branches 153 0
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Kotak Securities Vs Fyers Charges & AMC

Kotak Securities trading account opening charges is Rs 0 (Free) while Fyers account opening changes is Rs 0 (Free). Kotak Securities Demat Account AMC Charges is Rs 600 and Fyers Demat Account AMC Charges is Rs 300.

  Kotak Securities Fyers
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 600 Rs 300

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Kotak Securities Vs Fyers Brokerage

Kotak Securities brokerage charges for equity is 0.25% or Rs 20 whichever is higher and intraday is Free whereas Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.

Account Type Kotak Securities Trade Free Plan Fyers Flat Fee Brokerage Plan
Fixed Charges NA
Equity Delivery 0.25% or Rs 20 whichever is higher Rs 0 (Free)
Equity Intraday Free Rs 20 per executed order or .03% whichever is lower
Equity Futures Delivery: Rs 20 per trade | Intraday: Free Rs 20 per executed order or .03% 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 per executed order or .03% 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 per executed order or .03% whichever is lower
Commodity Options Delivery: Rs 20 per trade | Intraday: Free Rs 20 per executed order
Special Offer

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.

Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

Kotak Securities Vs Fyers Brokerage Plan 2

  Kotak Securities Fyers
Account Type Dealer Assisted Plan Flat Fee Brokerage Plan
Fixed Charges Rs 499 (One Time) NA
Equity Delivery 0.39% Rs 0 (Free)
Equity Intraday 0.039% Rs 20 per executed order or .03% whichever is lower
Equity Futures 0.039% Rs 20 per executed order or .03% whichever is lower
Equity Options Rs 39 per lot Rs 20 per executed order
Currency Futures Rs 9 per lot Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 5 per lot Rs 20 per executed order
Commodity Futures 0.039% Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 39 per lot Rs 20 per executed order
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Kotak Securities Charges Vs Fyers

Minimum Brokerage Rs 21 per executed order Intra-day: Rs 7 or 2.5% whichever is lower
Other Charges Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments)
Call & Trade Charges Rs 50 per call Rs 20 per trade

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Kotak Securities Vs Fyers Transaction Charges

Kotak Securities transaction charges for options is NSE: 0.05% on Premium while Fyers exchange transaction charges for options is Rs 5900 per Cr (on premium) (0.059%).

  Kotak Securities Fyers
Equity Delivery NSE: 0.00325%, BSE: 0.00325% Rs 325 per Cr (0.00325%)
Equity Intraday NSE: 0.00325%, BSE: 0.00325% Rs 325 per Cr (0.00325%)
Equity Futures NSE: 0.0019% Rs 240 per Cr (0.0024%)
Equity Options NSE: 0.05% on Premium Rs 5900 per Cr (on premium) (0.059%)
Currency Futures NSE: 0.0009%, BSE: 0.00022% Rs 240 per Cr (0.0024%)
Currency Options NSE: 0.035%, BSE: 0.001% Rs 5900 per Cr (on premium) (0.059%)
Commodity MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006% NA
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Kotak Securities Vs Fyers Leverage (Margin)

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

  Kotak Securities Fyers
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 Fyers Features

The trading platforms offered Kotak Securities include Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite. Fyers offers Fyers One (In-house build) trading software.

  Kotak Securities Fyers
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Yes 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
Trading In SME Shares Allowed?
Referral Program Yes
Other Features 3-in-1 account Brokerage free thematic investing is available
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Kotak Securities Vs Fyers Review

Kotak Securities is rated 2.4 of 5 based on 178 customer reviews whereas Fyers is rated 3.0 of 5 based on 29 customer reviews.

  Kotak Securities Fyers
  178 Customer Reviews    Rate Kotak Securities 29 Customer Reviews    Rate Fyers
Fees 2.4 3.2
Brokerage 2.3 3.6
Trading Platform 3.2 3.2
Customer Service 2.8 3.1
Research Capabilities 2.4 2.2
Overall Ratings Rated 2.4 stars Rated 3.0 stars
Broker Rating Kotak Securities is rated 2.4 of 5 based on 178 customer reviews Fyers is rated 3.0 of 5 based on 29 customer reviews

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Contact Broker / Request A Call Back

  Kotak Securities Enquire Fyers Enquire
Contact Broker 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. Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

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Kotak Securities Vs Fyers Investment Options

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

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Kotak Securities Vs Fyers Order Type Offered

  Kotak Securities Fyers
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 Fyers
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 Fyers
Casual Investor Yes
Active Investor Yes Yes
Trader Yes

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Kotak Securities Vs Fyers - Pros and Cons

  Kotak Securities Fyers
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.
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum Rs 20 per trade.
  • Free account opening.
  • 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!
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.
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
Reviews
Promo / Offers

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

Fyers Special Offer

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

Open Fyers Account

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